14/10/2011 Daily Politics


14/10/2011

Politics magazine with Jo Coburn. The G20 countries discuss how to stabilise the world economy, there's the latest on the Liam Fox saga, and it's Private Eye's 50th birthday.


Similar Content

Browse content similar to 14/10/2011. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

Hello and welcome to the Daily Politics on Friday, where we'll be

:00:23.:00:26.

asking the difficult question: Just how do you stabilise the world

:00:26.:00:30.

economy? That's the question finance ministers from the G20

:00:30.:00:34.

countries will be hoping to answer, as they meet in Paris. This morning,

:00:34.:00:37.

Spain's long-term debt was downgraded for a second time in a

:00:37.:00:41.

week. We'll be asking, should the eurozone survive?

:00:41.:00:45.

Fantastic Dr Fox has survived the week. We'll be analysing the latest

:00:45.:00:51.

twist and turns as his friend Mr Werritty faces more questions today.

:00:51.:00:54.

Happy birthday Glenda Slagg, HP sauce and Street of Shame. We'll be

:00:54.:01:02.

celebrating Private Eye's 50th birthday.

:01:02.:01:08.

There are definitely front covers I have seen him...

:01:08.:01:11.

And, Oliver Letwin has kindly donated next weeks cover! Mr

:01:11.:01:13.

Cameron's right-hand man has apparently been caught dumping

:01:13.:01:23.

With me today are Anushka Asthana from the Times, and Paul Waugh,

:01:23.:01:28.

editor of Politics Home. Welcome. First this morning, let's turn our

:01:28.:01:31.

eyes to St James's Park, where, according to today's Daily Mirror,

:01:31.:01:34.

the Cabinet Office Minister Oliver Letwin has been throwing away

:01:34.:01:37.

sensitive documents in the park's bins. The paper alleges Mr Letwin

:01:37.:01:42.

disposed of more than 100 papers in a number of different bins. A

:01:42.:01:45.

government spokeswoman said Mr Letwin often worked in the park,

:01:45.:01:49.

and none of the material was sensitive. We did ask Mr Letwin to

:01:49.:01:55.

come on the Daily Politics. He declined, but we have his Shadow,

:01:55.:02:01.

Labour's Michael Dugger with us from Leeds.

:02:01.:02:04.

The defence is this is not sensitive information, we should

:02:04.:02:09.

not be worried. We need an investigation to find that what

:02:09.:02:13.

this information was, what classification it was in terms of

:02:13.:02:18.

its clearance. Also, how often this has happened. Most people would

:02:18.:02:23.

find it incredible that the minister is so as a touch he thinks

:02:23.:02:26.

it is OK to disregard the normal procedures all ministers must

:02:26.:02:30.

follow her and all civil servants must follow, by leading information

:02:30.:02:36.

in this way. He has duties as a constituency MP, and

:02:36.:02:39.

responsibilities under data protection to look after the data

:02:39.:02:44.

of his constituents who have written to him privately. It just

:02:44.:02:49.

shows how out of touch they have become. Sir Malcolm Rifkind, a

:02:49.:02:52.

friend and colleague, it says a copy of the letter sent to him

:02:52.:02:58.

published by the Daily Mirror, doesn't amount to anything but

:02:58.:03:03.

communication between two backbenchers. That is rather

:03:03.:03:09.

complacent. The reports I have read says of this information may deal

:03:09.:03:11.

with counter-terrorism and intelligence. Most people watching

:03:11.:03:17.

will think that is reasonably sensitive. We need an investigation.

:03:17.:03:20.

This does need to take their responsibilities seriously, and

:03:20.:03:25.

stop acting in what is such a cavalier manner. Oliver Letwin is

:03:25.:03:30.

an intelligent man, it seems bizarre that he would chuck away

:03:30.:03:35.

sensitive documents in a park been. There is a famous phrase, it is

:03:35.:03:40.

amazing how stupid clever people can be. There are very clear

:03:40.:03:45.

procedures governing the conduct of ministers in relation to how they

:03:45.:03:48.

handle government correspondence and information. And he should have

:03:48.:03:53.

followed those. We need an investigation to find out what is

:03:53.:03:57.

out there and why he hasn't done that.

:03:57.:04:04.

Paul Waugh, he does have a point. He does. Oliver Letwin, a likeable

:04:04.:04:14.
:04:14.:04:16.

and smart Minister, but accident- prone as it seems. He is using an

:04:16.:04:21.

orthodox filing system of Park bins which will amaze most people. The

:04:21.:04:24.

Cabinet Office but trees in his more seriously than most people

:04:24.:04:29.

have overnight. They have changed their line. The Cabinet Office will

:04:29.:04:33.

be looking into this. It is not a matter of saying, these are not

:04:33.:04:37.

classified documents. Information Commissioner's office

:04:37.:04:41.

is looking into this, they take pictures of data protection

:04:41.:04:46.

seriously and have the power of ordering a fine of �500,000.

:04:46.:04:51.

can't say that actually happening. Idea this is serious but the person

:04:51.:04:55.

most likely to find these letters was a journalist from the Daily

:04:55.:05:03.

Mirror! The photographs are hilarious. There is a funny side to

:05:03.:05:07.

this story, and like the idea spend in the morning in the park before

:05:07.:05:14.

work, I might do it myself. That in itself is not a crime! Number 10

:05:14.:05:19.

were relaxed, saying, with a straight face, most of the business

:05:19.:05:24.

Mr Letwin does in the park his constituency based. That won't wash

:05:24.:05:30.

for very long. It won't with his constituents. The material that

:05:30.:05:33.

related to his constituents is Fraser's did to those people it

:05:33.:05:36.

belongs to. I do not think they will appreciate the fact he has

:05:36.:05:41.

been throwing that into the bin. Finance ministers from the G20

:05:41.:05:44.

countries are meeting in Paris to discuss how to stabilise the world

:05:44.:05:47.

economy. Representatives from eurozone countries are expected to

:05:47.:05:51.

come under further pressure to come up with a credible plan to tackle

:05:51.:05:53.

the mounting debt crisis. Our correspondent, Hugh Schofield, is

:05:53.:06:02.

in Paris. How likely is a credible plan likely to emerge?

:06:02.:06:08.

It is not going to emerge here. Simply because there are two very

:06:08.:06:12.

important meetings coming up, where they will save their ammunition for,

:06:12.:06:16.

next Sunday, the European summit delayed for a week. There is an

:06:16.:06:24.

awful a matter of expedition building up around that, where the

:06:24.:06:27.

Commission President and the German and French leaders are expected to

:06:27.:06:33.

come together to announce this big plan which they think will provide

:06:33.:06:38.

the shock and or to the market that will see us through. On top of that,

:06:38.:06:48.

the G20 actual summit in Cannes, a week after that, again, that will

:06:48.:06:52.

be digesting the European plan. This meeting here it is clearly

:06:52.:06:56.

important as a preparatory step but we shouldn't expect anything out of

:06:56.:07:02.

this meeting. Even if they agree, they won't announce anything, they

:07:02.:07:07.

will wait for these two bigger meetings. Time is of the essence.

:07:07.:07:13.

Would we not even hear about any extension to the stability fund, or

:07:13.:07:17.

any more extension in terms of bailing out Greece? We can

:07:17.:07:24.

definitely see what is beginning to emerge. Quite clearly from the

:07:24.:07:30.

signals we are getting, there is this big plan as has been turned,

:07:30.:07:38.

built around three things. A kind of structured default for Greece,

:07:38.:07:45.

in which creditors, like the banks, accept more than the 21% haircut

:07:45.:07:53.

than what has already been agreed. Some kind of structured default

:07:53.:07:58.

which Keats crease in the euro. Then, beefing up the bail-out fund

:07:58.:08:05.

now that Slovakia has got new powers, but those powers aren't

:08:05.:08:11.

enough, so they will be beefed up again with leverage in. The IMF

:08:11.:08:18.

will use its financial muscle to put more money into that. The third

:08:18.:08:23.

thing is, recapitalising the banks. If the banks need a bigger hair cut

:08:23.:08:26.

they will need more cash. Joining me from west London is the

:08:26.:08:29.

Conservative MP and chairman of his party's Economic Affairs Committee,

:08:29.:08:35.

John Redwood. We have just heard what is being

:08:35.:08:40.

discussed in terms of recapitalising Europe's banks,

:08:40.:08:43.

extending the stability fund. You have compared the euro to the ERM

:08:43.:08:49.

in terms of not worth saving. Should the eurozone just collapse?

:08:49.:08:54.

I don't want it to collapse but an orderly reduction in members would

:08:54.:08:59.

be the best way for all of the European economies. Several of the

:08:59.:09:02.

weaker countries cannot live within the disciplines sensibly proposed

:09:02.:09:06.

at the beginning of the scheme. It would be better to let them get out,

:09:06.:09:12.

devalue, and compete their way back to prosperity. But they're not

:09:12.:09:17.

going to do that. The problems of the big banks' scheme is it will

:09:17.:09:21.

slow growth further in Europe. The bans will respond by saying the

:09:21.:09:27.

anyway is to lend even less. But, if you shore up the banks? They

:09:27.:09:32.

won't be attacking these weaker countries. Then the eurozone crisis

:09:32.:09:38.

does begin to diminish? On the contrary, what they have in mind is

:09:38.:09:42.

shoring up the banks with more money from taxpayers and from week

:09:42.:09:46.

sovereigns. For the states that don't have the money to do that.

:09:46.:09:50.

The danger is the banks will do most of the adjustment by lending

:09:50.:09:56.

less when we need growth and recovery. Everybody knows the way

:09:56.:10:00.

out of this is a faster growth rate for the euro and other countries in

:10:00.:10:06.

the west. This is the opposite of a growth agenda. The government has

:10:06.:10:11.

been saying the way to growth is to have a strong, functioning eurozone.

:10:11.:10:16.

You are saying those countries should default. You are talking

:10:16.:10:22.

about Italy, Greece, Portugal, Spain. How much would that cost?

:10:22.:10:26.

wasn't saying they should default, but a limited number of countries

:10:26.:10:30.

should have a planned exit from the euro so they can re-establish their

:10:30.:10:34.

own currencies. Certainly that should be done for Greece

:10:34.:10:38.

immediately. So they can have a competitive exchange rate which

:10:38.:10:44.

allows them to compete with Germany. Default is much more problematic.

:10:44.:10:50.

The euro scheme members now seem to want a default for Greece. I think

:10:50.:10:54.

that is hazardous, for losses in the banking system and send a

:10:54.:10:57.

message that countries can go on spending beyond their means and one

:10:57.:11:02.

day they can turn around and say to all the investors, bad luck, we

:11:02.:11:07.

have stolen your money. A thank you for the moment.

:11:07.:11:12.

What you think, this idea they should be organising their exit,

:11:12.:11:15.

the weaker currencies, out on the euro, and growth will hopefully

:11:16.:11:20.

come? Politically in Britain, what this

:11:20.:11:23.

has provided to the Euro-sceptics, but it clear in the Conservative

:11:24.:11:27.

Party, is a strong argument it wasn't right in the first place.

:11:27.:11:31.

Part of that argument was some economies would not behave in a way

:11:31.:11:36.

necessary for this to continue. Therefore, that argument is very

:11:36.:11:42.

persuasive. But we don't have much of a say in it? To an extent, this

:11:42.:11:47.

is Germany and France deciding. The Germans aren't necessarily going to

:11:47.:11:54.

back beside it even if taxpayers are not keen of throwing their

:11:54.:11:59.

money at the problem. George Osborne is pushing hard for

:11:59.:12:04.

the long-term structural changes. But the big business will be at the

:12:04.:12:10.

EU summit. This week, David Cameron and Chris Grayling have said the

:12:10.:12:14.

rise in unemployment in the UK it is a direct result of the

:12:14.:12:19.

continuing economic uncertainty in the eurozone. So this matters to

:12:19.:12:29.

Britain hugely. What David Cameron once in his to push this through.

:12:29.:12:33.

How do you understand this being carried out? What is it David

:12:33.:12:39.

Cameron can expect when we are on the margins of this issue? David

:12:39.:12:43.

Cameron will be successful and will adopt a proposal. The problem is,

:12:44.:12:48.

they will do it reluctantly and with all sorts of the tell, not

:12:48.:12:52.

properly settled. To put so much money into buttressing these

:12:52.:12:57.

countries that have borrowed too much and these weak banks, the

:12:57.:13:01.

markets will give up and say, you can get yourself through. What they

:13:01.:13:06.

have got to do is to solve the underlying problem, to tackle the

:13:06.:13:09.

excess deficits in the sovereign countries. But this will give them

:13:10.:13:15.

time, won't it? To look at those structural problems in those

:13:15.:13:20.

countries. The question is, how much more time do they need? We

:13:20.:13:25.

have been telling them intensively over the last year and they have

:13:25.:13:29.

wasted month after month and not done what was needed. In the case

:13:29.:13:36.

of Greece, where they start to do what looks but the rump -- the

:13:36.:13:40.

right things, they create a vicious circle spiralling downwards because

:13:40.:13:45.

the country cannot compete. What employers are you having on the

:13:45.:13:50.

leadership? They are not doing what you want them to do? We are having

:13:50.:13:53.

influence on the leadership, we have been saying consistently we

:13:54.:14:01.

must not put more British money at risk. And they have agreed to that.

:14:01.:14:07.

We are saying we need to give hard advice to them, if they wish to

:14:07.:14:11.

maintain their currency, then of course they have to take tough

:14:11.:14:16.

decisions and get German discipline into the budgets of all the Latin

:14:16.:14:22.

countries. That is democratically very difficult. They had better get

:14:22.:14:29.

on and do it. Euro-sceptics, apart from agreeing British money should

:14:29.:14:35.

not going, much more they cannot do. I think George Osborne is quite

:14:35.:14:40.

pragmatic about this. We are not in a situation where we have as much

:14:40.:14:44.

influence as we might have had. Equally, this is very important for

:14:44.:14:49.

Britain, it will have a huge impact on jobs and growth at home. They're

:14:49.:14:54.

not going to do what John Redwood is proposing? I suspect George

:14:54.:14:58.

Osborne would love privately to go ahead with what John Redwood is

:14:58.:15:03.

proposing. John makes a good point about the value of currency. What

:15:03.:15:09.

pressures most economic recoveries is a devaluation, which is what

:15:09.:15:14.

happened post 1993, and over the last year. That is why British

:15:14.:15:20.

exports are finally batting hard for Britain. If you pull out of the

:15:20.:15:30.
:15:30.:15:31.

euro, countries like Greece will Any way read thank you very much.

:15:31.:15:37.

It cost 1.50. If you make the front cover you have probably had a bad

:15:37.:15:47.
:15:47.:15:55.

week. It is fifty years old. What I am a reader and a fan. I think I

:15:55.:16:00.

first sort of discovered it over the Dear Bill letter which were

:16:00.:16:03.

very funny when Margaret Thatcher was doing the job I do now. There

:16:03.:16:10.

were front covers I have seen and thought "My God, how could they?"

:16:10.:16:15.

the main thing is it is funny. If you can't laugh at yourself you

:16:15.:16:24.

shouldn't do this job. particularly like this cover here

:16:25.:16:28.

you have the Queen saying what is obviously is a mass murderer and

:16:28.:16:37.

the Queen is saying "How very interesting." I used to read it as

:16:37.:16:43.

a teenager, and it was no question, it is a really important thorn in

:16:43.:16:49.

the side of politician, and that from dition of great investigative

:16:49.:16:52.

journalism. Humorous journalism. Journalism that pokes fun at

:16:52.:16:59.

politicians is part of a free society. That is one of my

:16:59.:17:02.

favourite clover covers. Crow can see why. It hits it on the head.

:17:02.:17:08.

You can't help laughing. Some weeks are better than others but every

:17:08.:17:15.

week especially in my trade you are very glad you have read it. I am

:17:15.:17:20.

particularly proud of the sketch they did of my committee when we

:17:20.:17:22.

took evidence from Max Mosley, talking about the revelations of

:17:22.:17:32.

what he had been doing, where I was referred to as Sir John

:17:32.:17:39.

Whippingdale. This is vintage Private Eye. I laughed out loud at

:17:39.:17:43.

the front cover of Private Eye after our disastrous local election

:17:43.:17:53.

results this May. I am not sure if of Hilary clip on the and Obama

:17:53.:17:57.

looking at the televised thing of the attack on the Bin Laden

:17:57.:18:02.

compound and a bubble say ing "Those poor Liberal Democrats." I

:18:02.:18:09.

saw it in my local news agent. I did stick this one up on the pin

:18:09.:18:15.

board, I just thought, that kind of double joke of popularity of down

:18:15.:18:18.

on the Abbey and the situation. What is good about Private Eye is

:18:18.:18:25.

the memory that can go back through Margaret Thatcher makes these kind

:18:25.:18:29.

of references or cross references you wouldn't necessarily think of

:18:29.:18:35.

yourself. I people I am amazed it is 50679 I think I have probably

:18:35.:18:44.

been reading it for 40 years which makes me a real saddo P Saddo. Such

:18:44.:18:48.

fond memories there of Private Eye. We have a Private Eye cover girl

:18:48.:18:51.

with us, Edwina Currie is in Manchester. Edwina Currie, we have

:18:51.:18:55.

been hearing memories from politicians and journalist, do you

:18:55.:19:00.

like or loathe it? Oh, I love Private Eye. I think we should be

:19:00.:19:04.

very proud we have this. As a British institution. I have been on

:19:04.:19:11.

the front cover four times. Lucky you! My favourite was when I

:19:11.:19:14.

resigned from Government over eggs, and they had a cover of me, holding

:19:15.:19:20.

a tray of eggs that had been taken previously somewhere else, with the

:19:20.:19:27.

egg bubble saying "I'm off. And me saying so am I." I couldn't put it

:19:27.:19:31.

better myself. How does it feel when you find yourself on the front

:19:31.:19:35.

cover, albeit four times? Well, you kind of know in that week that you

:19:35.:19:38.

are going to be on the front cover of Private Eye. You have been in

:19:38.:19:42.

the new, you know, Oliver Letwin or Dr Fox or whoever, they will be on

:19:43.:19:46.

the front coverment you know this is going to happen. You hope they

:19:46.:19:51.

are not too cruel. You know they will be cruel and accurate, very

:19:51.:19:55.

accurate. That is the essence of Private Eye. They tell the truth,

:19:55.:19:59.

when politicians try to hide it and cover it up. Yes, so the sting is

:19:59.:20:05.

there. Why do you think it survived so long, until 50 in fact? I think

:20:05.:20:08.

it survived so long because a large number of people believe in our

:20:08.:20:14.

democracy and freedoms, and much of that depends on susing out the

:20:14.:20:19.

truth, the essence of stories that are going on behind the scenes they

:20:19.:20:23.

have 300,000 subscribing peep, and that is enough for them to be

:20:23.:20:26.

independent, they take hardly any advertising bg they are not

:20:26.:20:30.

involved in the commercial world, they can be independent and that is

:20:30.:20:34.

the essence of their strength. don't suppose you expect to be back

:20:34.:20:38.

in after your exit from Strictly Come Dancing. I would be delighted.

:20:38.:20:43.

I would have a fifth cover. Tell us what was it like in Strictly Come

:20:43.:20:48.

Dancing? Well, Strictly is a world of its own. It's a complete fantasy.

:20:48.:20:52.

Like politics at the time. You are hoping for the vote. You pretend

:20:52.:20:57.

yourself as well as you can, you try to hide the mid riff and you

:20:57.:21:00.

hope you put your feet in the right place. Usually you are not.

:21:00.:21:05.

thought it was unfair they got rid of you so early on. Going back

:21:05.:21:08.

briefly to the Private Eye are there any columns or characters you

:21:08.:21:13.

like and loved?. These days I tend to look at the local Government

:21:13.:21:16.

ones very carefully, because a lot of money is going to local

:21:16.:21:20.

Government and you find to your surprise, actually the Fire Service

:21:20.:21:23.

don't own their fire trucks and they are beholden to somebody else

:21:23.:21:26.

or in the NHS there is a reason why this particular hospital is in

:21:26.:21:30.

trouble that a lot of money is going into something they shouldn't

:21:30.:21:34.

be spending money on. It is only Private Eye and their reams and

:21:34.:21:38.

reams of informers, inside informers that get that information

:21:38.:21:43.

out. And they are usually right. Stay us with -- stay with us a bit.

:21:43.:21:47.

Anushka Asthana you been in Private Eye? Greatest moment of my career

:21:47.:21:52.

unfortunately not the front-page, but you know you have made it.

:21:52.:21:57.

was it? Was it Hugh Grant. When Slovakia was joining the EU. Had

:21:57.:22:02.

been sent to find out about people coming over here, and, in my

:22:02.:22:06.

travels hadn't found many people coming so I had written up my piece,

:22:06.:22:10.

got on the plane, and back in the office in London, they had taken

:22:10.:22:14.

some copy from the wiefrs somebody coming into Heathrow and it said,

:22:14.:22:19.

one of the people trickling into Heathrow was such and such with the

:22:19.:22:24.

quote, and I had got in under fancy that because the Sunday people had

:22:24.:22:29.

the same quote as one of the people flooding in. There you go. You made

:22:29.:22:37.

it. Have you Paul? I haven't. Someone who works in new media how

:22:37.:22:42.

wonderful it is that Private Eye is an inI can institution, it is only

:22:42.:22:47.

print based. The internet site is none existent. There is a story

:22:47.:22:51.

that somebody once saw a computer and went in and unplugged it from

:22:51.:22:54.

the wall, because they don't like to be on line. I can see why and it

:22:55.:23:01.

works for them. It is a fantastic investigative vehicle, no problem.

:23:01.:23:06.

Particularly what we are learning about it it would be nice if

:23:06.:23:11.

Leveson took evidence from Mr Hislop. I am sure. It would add

:23:11.:23:16.

sauce to goose. Does Private Eye have any good competitors these

:23:16.:23:20.

days? No, they are a bunch of overgrown public schoolboys with

:23:20.:23:25.

wits and brains and energy and they don't give a toss what anybody

:23:25.:23:28.

thinks there is no competitor. Private Eye rules maybe for another

:23:28.:23:32.

50 years, thank you for joining us. Ryan Giggs and Wayne Rooney have

:23:32.:23:37.

made the headlines this week, a couple from Wisbech won over �100

:23:37.:23:41.

million in the Lottery and millions of black Bri users got angry. So

:23:41.:23:50.

let us look back at the week. The story shows no sign of fizzling out

:23:50.:23:52.

but Defence Secretary Liam Fox has survived a full question of

:23:52.:23:56.

questions over the role of his self-styled adviser Adam Werritty.

:23:56.:24:01.

An inquiry is under way and Dr Fox claims it is business as usual.

:24:01.:24:05.

am continuing to do what is needed, is that the Defence Secretary

:24:05.:24:10.

focuses on defence issues. government's watered-down bill for

:24:10.:24:14.

reforming the NHS is dividing opinion, but survived an attempt to

:24:14.:24:17.

derail it in the House of Lords. Ed Miliband's been showing off the new

:24:17.:24:21.

look Shadow Cabinet. But is it a case of, as Private Eye might put

:24:21.:24:27.

it, who they? Unemployment has hit%, the highest rate for 17 years.

:24:27.:24:31.

David Cameron says he won't switch to Plan B but promises action.

:24:31.:24:35.

accept we have to do more, to get our economy moving, to get jobs for

:24:35.:24:41.

our people. It is a case of half strike for Hetton-le-Hole -- Oliver

:24:41.:24:44.

Letwin. Not only does he fail to recycle official documents he has

:24:44.:24:51.

been filing them in bins in a London park. Well, time to talk

:24:51.:24:54.

about Liam Fox I think. He has survived another week, are you

:24:54.:25:00.

surprised or not? I am surprised that the Prime Minister has allowed

:25:00.:25:04.

himself so much rope with which to hang Oliver Letwin. Oliver Letwin

:25:04.:25:09.

or Liam Fox. Sorry Liam Fox. They are keeping the fox inquiry as

:25:09.:25:12.

enough as possible. Saying all unanswered questions will be

:25:12.:25:15.

answered. That is ominous for him. There are lots of unanswered

:25:15.:25:19.

questions. We seem to have heard this week, or certainly suggestion

:25:19.:25:23.

there was a sort of parallel Foreign Office policy being driven

:25:23.:25:28.

or funded certainly by sympathisers of Liam Fox who bank rolled Adam

:25:28.:25:34.

Werritty. I mean, how has that gone down? I think it looks terrible. We

:25:34.:25:38.

always say does something pass the smell test, clearly this does

:25:38.:25:43.

notment the reason he is surviving so far is we are not quite there,

:25:43.:25:47.

in terms of the fact perhaps that will make him go. But I am

:25:47.:25:51.

surprised he has lasted this long, because there has been a clear

:25:51.:25:56.

problem with his judgment over this. I... Is one of the issues though

:25:56.:26:03.

his position in the party? I mean the 1922 committee of backbenches

:26:03.:26:07.

have invited him to speak to show they are supporting him. It might

:26:07.:26:10.

be dangerous politically, to get rid of him. There is no question

:26:10.:26:14.

that is a fact for the Prime Minister and this isn't just about

:26:14.:26:17.

an interpretation of the Ministerial Code. There is a wider

:26:17.:26:20.

issue about his judgment which the Prime Minister will want to hone in

:26:20.:26:25.

on. Did he make a serious misjudgment in not informing civil

:26:25.:26:30.

servants about his close contacts to Adam Werritty and if he knew at

:26:30.:26:33.

all about where it Werritty's financial links, that is difficult.

:26:33.:26:36.

Having said that the Prime Minister is trying to be fair throughout the

:26:36.:26:40.

process, he is trying to set a pattern where he does not sack

:26:40.:26:44.

people, and he gives them the benefit of the doubt and goes

:26:44.:26:46.

through due process. That is interesting. It's a different

:26:46.:26:50.

approach from previous Governments you have to say, but it has its own

:26:50.:26:55.

danger which is the perception of a lack of grip. That is something he

:26:55.:27:00.

won't want to... That is the question that is beginning to be

:27:00.:27:04.

raised because David Cameron said something to try and allude to

:27:04.:27:09.

strong leadership as if it is coming into question. I think he

:27:09.:27:14.

looks indecisive as a result of it. That said, there have been a number

:27:15.:27:17.

of scandals involving Liberal Democrat councillors and they

:27:17.:27:20.

haven't gone. The problem David Cameron has got is the right of his

:27:20.:27:25.

party don't want to see a different rule for their man. The other side

:27:25.:27:29.

of this though is if Liam Fox survives is he in a weak position

:27:29.:27:32.

and perhaps not the figure from the right of the party they want to

:27:32.:27:36.

have in their cabinet any more? Liberal Democrat point is a good

:27:36.:27:42.

one isn't it. Look at Vince Cable. One might have argued his comments

:27:42.:27:45.

over Murdoch were enough potentially for action to have been

:27:46.:27:51.

taken and you have to be seen as even handled. He wasn't even

:27:51.:27:54.

reshuffled. I think what is important that the newspapers,

:27:54.:27:59.

every day are doing a better job and investigating Liam Fox han the

:27:59.:28:02.

Cabinet office, and that is really significant, given in the post

:28:02.:28:07.

hacking era that we live in, the newspapers are supposed to be the

:28:07.:28:11.

ones that that are weak and yet when it came to Vince Cable and

:28:11.:28:15.

Liam Fox, it is newspaper nas are driving this and Number Ten knows

:28:15.:28:20.

that. That is all from us this week. Good luck Wales tomorrow, I will be

:28:20.:28:23.

back on Monday for more daily politic, in the meantime I leave

:28:23.:28:26.

How do you stabilise the world economy? That's the question finance ministers from the G20 countries will be hoping to answer as they meet in Paris.

Spain's long-term debt has been downgraded for a second time in a week. Should the eurozone survive?

Liam Fox has survived the week. The Daily Politics takes a look at the latest twists and turns as his friend Adam Werritty faces more questions.

Oliver Letwin has apparently been caught on camera dumping sensitive information in a park bin.

Plus, happy birthday Glenda Slagg, HP sauce and Street of Shame! It's Private Eye's 50th birthday.


Download Subtitles

SRT

ASS