:00:22. > :00:25.Afternoon, folks, welcome to the Daily Politics.
:00:25. > :00:28.There have been no major headaches at the Home Office since Theresa
:00:29. > :00:31.May took charge, but is she about to face her first tough test? The
:00:32. > :00:34.Home Secretary is due to make a statement to the Commons later
:00:34. > :00:40.following reports that staff at the UK Border Agency secretly relaxed
:00:40. > :00:44.identity checks on people arriving in the country this summer.
:00:44. > :00:48.Greece gets a new government of national unity. Its first task will
:00:48. > :00:53.be to ratify the new European financial rescue package. We'll be
:00:53. > :00:56.asking will it be enough to avert a eurozone crisis?
:00:56. > :01:03.Now here's a questions for you - has the market slipped its moral
:01:03. > :01:13.moorings? We hope to give you an answer.
:01:13. > :01:14.
:01:14. > :01:17.And handbags at dawn as the parties All that in the next half hour and
:01:17. > :01:19.with me for the whole programme today is academic, writer,
:01:19. > :01:24.broadcaster, Germaine Greer, and the former editor of the Sun,
:01:24. > :01:26.Kelvin Mackenzie. First this morning, let's turn our
:01:27. > :01:29.attention to the eurozone and Greece because politicians are
:01:29. > :01:35.meeting to appoint a new prime minister after parties agreed to
:01:35. > :01:38.form a unity government. The new coalition will need to approve the
:01:38. > :01:48.EU bail out package proposed by European leaders to rescue Greece
:01:48. > :01:50.
:01:50. > :01:53.from its debt crisis. Let's say we get this unity government and they
:01:53. > :01:57.agree the bail out package, are you reassured the eurozone crisis will
:01:57. > :02:06.be sorted? I don't think there's enough money to sort out Greece,
:02:06. > :02:10.let alone Italy. If the reports are true, the government may have to
:02:10. > :02:16.write a cheque for 40 billion. Danny Alexander says that is
:02:16. > :02:20.drawing their liabilities. If this government wants to become the most
:02:20. > :02:23.disliked government I can ever remember, right that cheque for 40
:02:23. > :02:28.billion without going through the Commons to seek permission and that
:02:28. > :02:32.will be the end of Cameron, the end of the coalition, the people will
:02:32. > :02:39.never forgive them, I promise you that. Apart from that apocalyptic
:02:39. > :02:41.view, returning to Greece and Italy, that possibly is a bigger problem.
:02:41. > :02:47.Now the discussions are about eurozone breaking up, is that
:02:48. > :02:53.likely? There are various aspects that never get touched on. One is,
:02:53. > :02:57.I think Greece has a fairly big black economy. It also has people
:02:57. > :03:02.unwilling to pay taxes. They say they have a relaxed view to paying
:03:02. > :03:05.taxes. That puts them in direct conflict with the EU, which has
:03:06. > :03:11.done its best to cut down on the black economy. The interesting
:03:11. > :03:14.thing about that is that Italy has an even bigger black economy. It is
:03:15. > :03:21.a safe bet that given the present situation, people are resorting to
:03:21. > :03:25.it more and more. You can't even barter under EU regulations. It is
:03:25. > :03:29.illegal. The problem is they are saying even if the eurozone breaks
:03:29. > :03:32.up, that is the problem, structural problems within these countries
:03:32. > :03:38.will persist. Joining me now is the economist
:03:38. > :03:43.Marie Diron from Ernst And Young. What is your prediction as this
:03:43. > :03:48.crisis unfolds? We think the most likely scenario is the eurozone
:03:48. > :03:55.will stay in its current shape because a break-up would lead to a
:03:55. > :04:00.chain of negative of its -- affects. That is why we think that despite
:04:00. > :04:04.difficult negotiations within Greece, Italy and the eurozone as a
:04:04. > :04:10.whole, policy makers will do their utmost to keep the eurozone in its
:04:10. > :04:15.current form. You say that is the least bad scenario, the worst
:04:15. > :04:20.scenario is the eurozone breaking up, but the G20 were just talking
:04:20. > :04:25.about the break-up of the eurozone. They economists say a break-up of
:04:25. > :04:29.the euro would not be a catastrophe. It is a possibility that we can't
:04:29. > :04:35.exclude and that is why we have carried out analysis. We think it
:04:35. > :04:39.would be a very negative scenario. The channels through which the
:04:39. > :04:46.economy would be damaged would be via increased uncertainty in
:04:46. > :04:50.financial markets, share prices would plunge, trade would collapse.
:04:50. > :04:59.Maybe similar to what we saw in 2008 and 2009. That is why this
:04:59. > :05:03.crisis would transmit to a global crisis. As we are looking at
:05:03. > :05:07.uncertainty in Greece and the problem of Italy trying to service
:05:07. > :05:12.its debt, which is growing daily, and they will probably also have to
:05:12. > :05:17.be bailed out, is that any better than what you have just described?
:05:17. > :05:21.It is a costly crisis to solve. There have been problems developing
:05:21. > :05:27.in the eurozone due to inappropriate structures throughout
:05:27. > :05:32.the last decade. Now it will be a very costly and protracted crisis
:05:32. > :05:35.to resolve, but the alternative is even more costly. We think it is in
:05:35. > :05:41.the interests of everyone to preserve the eurozone in its
:05:41. > :05:44.current state and to take this crisis as an opportunity to reform
:05:44. > :05:50.and to implement changes in these economies that have not been
:05:50. > :05:56.carried out for the last 10 years. Thank you. On that basis we have to
:05:56. > :06:01.stick a long the current half, do you agree with that? I don't. The
:06:01. > :06:05.issue there is why should I give a damn about Greece? Even Sarkozy
:06:05. > :06:09.said Greece should never have been allowed into the eurozone and the
:06:09. > :06:14.only reason they got in was because they got Goldman Sachs to write a
:06:14. > :06:17.cricket book about their accounts. I would send some of the bill to
:06:17. > :06:22.Goldman Sachs and say to Greece, it is in your nature, you don't want
:06:22. > :06:27.to pay tax, I don't want to pay tax, but the bottom line is, why are we
:06:28. > :06:33.always going to write the cheque? It hasn't worked for us. Sarkozy
:06:33. > :06:37.said we are not -- an island nation. Germany and France, it is just a
:06:37. > :06:43.line in the sand. It is time we faced up to the fact we don't 1
:06:43. > :06:46.euros. You are grimacing. Well, Britain doesn't want the euro, but
:06:46. > :06:51.the other country that didn't on the roof is Switzerland. Has there
:06:51. > :06:58.been a run on the Swiss currency? You can bet your bottom dollar that
:06:58. > :07:02.money is moving now fast, including money from the oil-rich Arab states,
:07:02. > :07:07.money from China. I want to know where the money is going. Once you
:07:07. > :07:13.tell me that, I think I know what to do next. Countries within the
:07:13. > :07:21.eurozone, the government argueds we are not paying for this, even if we
:07:21. > :07:26.are contributing to the IMF. In that sense we are still outside the
:07:26. > :07:32.zone and so we are away from it. What about if the eurozone does
:07:32. > :07:36.break-up? If we have the drachma come back to Greece. Let's say
:07:36. > :07:41.Italy becomes a problem, that will affect us. It will do. These are
:07:41. > :07:46.issues for each individual country. People say if it collapses, so does
:07:46. > :07:52.a whole of the European project. That is what she's saying. She is
:07:52. > :07:58.an Economist, what do they know? You quoted another collection of
:07:58. > :08:03.economists who say the opposite. My sense is we are quite capable of
:08:03. > :08:06.growing our own canoe. We can't control each individual Prime
:08:06. > :08:11.Minister. They all make promises and they all want to retain their
:08:11. > :08:15.individual country's standards of living. It is not possible. I have
:08:15. > :08:19.enough debts of my own, I don't want any Greek or Italian debt.
:08:19. > :08:22.will have to stop you there, we will talk about your debts later!
:08:23. > :08:25.Now it's time for our daily quiz and today it has an ethical
:08:26. > :08:28.dimension. That's because a report on the morality of City workers is
:08:29. > :08:32.being released right now. It's been written by the former banker, Ken
:08:32. > :08:35.Costa, who was appointed by the Bishop of London. But what does Mr
:08:35. > :08:45.Costa, a committed Christian, think is the best system to create growth
:08:45. > :08:47.
:08:47. > :08:53.At the end of the show we'll give you the correct answer. On that
:08:53. > :08:57.very note, about capitalism, Ed Miliband says the protest at St
:08:57. > :09:04.Paul's reflects the feelings of millions that the Community and the
:09:04. > :09:08.country are not working for them. - - the economy. Is he right?
:09:08. > :09:11.would be difficult to know how many people think it because it is not a
:09:11. > :09:17.very big demonstration. It is not exactly shaking the foundations of
:09:17. > :09:22.the state. It is kind of a stalemate. However, those of us who
:09:22. > :09:27.don't understand money, most of us, have been bewildered about how
:09:27. > :09:32.money was expected to grow money. And about the use of leverage, for
:09:32. > :09:36.example. We saw banking depart from its own basic principles, but
:09:36. > :09:40.banking didn't pick up the tab, ordinary people, pension funds
:09:40. > :09:45.picked up the tab. People are very bitter about this. Some people
:09:46. > :09:51.think charging interest is itself immoral. If you think of the
:09:51. > :09:54.Islamic approach to the lending of money. Banking was invented by a
:09:54. > :09:58.group of people who have been blamed for just about everything
:09:58. > :10:04.that has gone wrong in the last couple of millennia. Banking has
:10:04. > :10:12.got itself to a stage where it is less useful vanities noxious and
:10:12. > :10:17.that has to be fixed. It has tapped into the consciousness of a lot of
:10:17. > :10:22.people. Maybe there are not many people there, but people are
:10:22. > :10:27.worried and they think capitalism is to some extent a bit of an evil.
:10:27. > :10:31.Well, yes, I didn't hear any of these complaints between 1994 and
:10:31. > :10:36.2007 when everybody was going on 7,000 holidays and living in
:10:36. > :10:40.massive houses. It goes like this, the economy. We have good times and
:10:40. > :10:46.bad times. Thanks to e-mail and Twitter, nobody is prepared to
:10:46. > :10:51.accept the bad times. Banks over Lent, but people over-borrowed. It
:10:51. > :10:57.is about people wanting what they think is free money. When it came
:10:57. > :11:00.to paying it back, they couldn't. Should politicians regulate more?
:11:00. > :11:04.Kelvin does have a point, people don't want to be told what to do
:11:05. > :11:09.with their money. Should governments and politicians say we
:11:09. > :11:13.are going to meet you and banks be better regulated so we don't have
:11:13. > :11:18.what is happening now happen again? We have been told the problem
:11:18. > :11:22.wasn't a lack of regulation in the banking industry. The banking
:11:22. > :11:26.industry was over-regulated. The banking industry has its own
:11:26. > :11:30.principles and it has to admit it departed from them. One of the
:11:30. > :11:35.things Ken Costa has raised is that maximising profit should be the
:11:35. > :11:42.only issue for shareholders, do you agree? So many people have been
:11:42. > :11:46.forced to contribute to fault of those people. They did
:11:46. > :11:51.what they were told. They were told to save and now they're being
:11:51. > :11:54.punished. That is part of where the anger comes from. But it affects
:11:54. > :11:57.older people and older people tend to be patient in these
:11:57. > :12:02.circumstances. Coming back to your point about people not accepting
:12:02. > :12:08.the bad times, do you think things will change? It will come and go
:12:08. > :12:11.and politicians, there's nothing they can really do? To start with
:12:11. > :12:16.politicians are not in charge of anything and they don't have the
:12:16. > :12:20.brains. There's many more brains in the City working on Monday and many
:12:20. > :12:25.more brains in manufacturing and the world I know, small-time
:12:25. > :12:29.entrepreneurs. They are clever people. But they have winners and
:12:29. > :12:34.losers. Politicians should stop saying we are going to increase
:12:34. > :12:38.your standard of living, that will not happen. Every morning they
:12:38. > :12:42.should get up and say how can we cut spending at the centre so we
:12:42. > :12:49.can leave more money for ordinary people to spend it in a manner they
:12:49. > :12:53.want. Leave me alone. We will leave you alone but only for a moment!
:12:53. > :12:56.Spare a thought for the Home Secretary. When the Home Office is
:12:57. > :12:59.in the news, it's almost never going to be good, and so it is with
:12:59. > :13:03.Theresa May and a brewing scandal surrounding the UK Border Agency.
:13:03. > :13:06.The problems began at the beginning of the summer when, in an attempt
:13:06. > :13:11.to bring down the queues, UK Border Officials were told they didn't
:13:11. > :13:12.have to check the biometric chips have to check the biometric chips
:13:12. > :13:15.of passports of European citizens. There have been reports in the
:13:15. > :13:20.press that this order came from the Immigration Minister Damian Green
:13:20. > :13:23.and he was backed by the Home Secretary Theresa May. It's now
:13:23. > :13:26.been alleged, however, that there was an instruction to staff to do
:13:26. > :13:31.the same for people coming in from outside the EU, leading to fears
:13:31. > :13:34.that criminals could have entered the country. The Public and
:13:34. > :13:38.Commercial Services Union has claimed the controls were relaxed
:13:38. > :13:41.to compensate for staffing cuts. So far three senior officials,
:13:41. > :13:44.including Brodie Clarke, who's the head of the UK Border Force, have
:13:44. > :13:50.been suspended and Theresa May is said to have reacted to allegations
:13:50. > :13:52.with "incredulity and fury". The Home Secretary will make a
:13:53. > :13:56.statement in the Commons this afternoon where she'll face
:13:56. > :14:01.questions over who knew what at the Home Office and whether anyone who
:14:01. > :14:04.posed a threat to the UK came into the country. Yvette Cooper, who's
:14:04. > :14:07.the Shadow Home Secretary, has called on the Home Office to launch
:14:07. > :14:12.a wide ranging independent inquiry and has said all documents and
:14:12. > :14:15.correspondence relating to the correspondence relating to the
:14:15. > :14:18.passport checks be published. I'm joined now by the Conservative MP
:14:18. > :14:26.Mark Reckless, who sits on the Home Affairs Select Committee, and the
:14:26. > :14:29.Shadow Home Office Minister Chris Bryant. Are you surprised and
:14:29. > :14:35.worried that there was top level agreement to relax controls on EU
:14:35. > :14:40.citizens? I'm a little surprised it wasn't reported to Parliament, but
:14:40. > :14:46.I think the relaxation for non- EU people is much more serious. With
:14:46. > :14:49.the EU, there's little we can do, even if we apprehend people, but
:14:49. > :14:54.non-EU, the situation there was relaxation is very serious and the
:14:54. > :14:59.suggestion ministers were not aware is even more serious. How clear was
:14:59. > :15:03.the message given to UK Borders Agency staff? If they were saying
:15:03. > :15:07.relax the restrictions on EU nationals, we've got to cut down
:15:07. > :15:17.those queues, do you know exactly what was said to the staff? It
:15:17. > :15:18.
:15:18. > :15:22.I am looking forward to finding out more this afternoon but I would be
:15:22. > :15:27.very surprised if ministers had authorised this for non-EU people.
:15:27. > :15:33.In my dealings with the Home Office, it seems there was a culture of
:15:33. > :15:43.impunity at the top of the Civil Service. The previous head of
:15:43. > :15:46.
:15:46. > :15:50.British Airways was not fit for purpose but she was promoted, and I
:15:50. > :15:54.think there should be parliamentary confirmation hearings for all
:15:54. > :15:59.senior civil servants to root out the problems. Do you accept there
:15:59. > :16:04.was a lot of political pressure? Over the last six months there were
:16:04. > :16:08.endless statements by politicians saying we have to encourage economy
:16:08. > :16:16.and boost tourism, cut down the queues and that means general
:16:16. > :16:21.relaxation. But we have with the biometrics, we have serious
:16:21. > :16:25.advances in technology. If you compare the numbers to other
:16:25. > :16:29.agencies overseas doing this work, or what it would take in the
:16:29. > :16:33.private sector, I think it is a serious problem with management at
:16:33. > :16:39.the top and ministers need to sort that out directly. Nothing to do
:16:39. > :16:44.with the cuts? I think we need to get some details are out. We need
:16:44. > :16:48.to know exactly what was signed off by it either Damian Green or
:16:48. > :16:54.Theresa May this summer because there have been different versions
:16:55. > :17:02.about whether it was EU or non-EU citizens. I think it is dangerous
:17:02. > :17:05.to say we will waive all the non-EU citizens the room. You can't do the
:17:05. > :17:09.proper risk assessment in terms of potential criminals and terrorists
:17:09. > :17:18.coming into the country. Do you expect every passenger coming into
:17:18. > :17:23.the UK to be seen by an immigration officer? I would be -- I would
:17:23. > :17:27.prefer the biometric cheque to be done. But if you expect every
:17:27. > :17:30.passenger to be checked, we have already got statements here from
:17:30. > :17:34.the Immigration Service Union saying that is supposed to happen
:17:34. > :17:39.but there aren't enough staff to cover certain planes or freight
:17:39. > :17:44.traffic. I don't think it is a question of staff will stop that is
:17:44. > :17:50.what they are saying. Clearly the union will stand up for its members,
:17:50. > :17:58.but what I have seen of the UK BAe is that it is still not fit for
:17:58. > :18:02.purpose. If ministers decide EU citizens can be waved through, and
:18:02. > :18:07.secondly may well indeed have said that none the you citizens should
:18:07. > :18:12.be waved through, I want to know why has Theresa May not been out
:18:12. > :18:16.there explaining what will be happening? She will be making a
:18:16. > :18:21.statement this afternoon. She could have already published this
:18:21. > :18:24.information. If government doesn't give enough resources to UK British
:18:24. > :18:29.Airways to make sure there is enough staff are there to be able
:18:29. > :18:33.to pass every passport over the machines, then you are bound to
:18:33. > :18:39.have these problems. One of the biggest concerns for the public is
:18:39. > :18:43.even if it was only for EU citizens, we don't know who has come into the
:18:43. > :18:48.country over those some warmth. That reflects free movement of
:18:48. > :18:56.people within the EU. We should have border controls properly
:18:56. > :19:04.enforced against all countries. This is precisely so we can take
:19:04. > :19:10.action against criminals or terrorists. I am confused, I have
:19:10. > :19:15.always gone straight through. I could be the Great Train robber, in
:19:15. > :19:22.fact some people think I am. I get sailed through so I don't see what
:19:22. > :19:27.the issue is. May I observed as a non- EU passport holder who doesn't
:19:27. > :19:33.hold a British passport either, that I have never waved through. I
:19:33. > :19:40.have to queue, so it is news to me there has been any attempt to
:19:40. > :19:44.shorten the queues. Sometimes we have a UK residents queue, which is
:19:44. > :19:52.amazing, otherwise we are waiting for hours. We also have to fill out
:19:52. > :19:57.a landing card, what do they do with them? I suppose there will
:19:57. > :20:01.reach is you definitely are checked when you are going through, we are
:20:01. > :20:07.yet to establish what the order was in terms of non e u but it comes
:20:07. > :20:10.back to this question about non-EU citizens. If people were waved
:20:10. > :20:16.through, we can't know who was coming into the country. I have
:20:16. > :20:23.gone through biometric and the old fashioned method. Bizarrely, the
:20:23. > :20:30.old-fashioned method is faster than the single laying biometrics. I am
:20:30. > :20:37.puzzled us to who has been affected. I don't know any non-EU citizens, I
:20:37. > :20:43.don't hang around with them. Yes, you do! He was it who has been
:20:43. > :20:48.damaged in this manner? If Damian Green has given the go-ahead to non
:20:48. > :20:54.e us to sail through passport control, that would be utterly
:20:54. > :21:00.wrong. -- to none at the you citizens. At the queues are
:21:00. > :21:04.dreadful - what is the problem? need to make sure the UK Border
:21:04. > :21:08.Agency has enough resources to make sure there are not long queues and
:21:08. > :21:18.that they don't have to cut corners in order to cut queues. I think
:21:18. > :21:24.that means this applies to both types of citizens, biometric
:21:24. > :21:29.passport should be passed over. will be hearing from Theresa May
:21:29. > :21:32.this afternoon. Thank you. If you hate it, you call it
:21:32. > :21:35.positive discrimination. If you love it, it's positive action. But
:21:35. > :21:38.no matter what it's called, all the main parties are trying to do
:21:38. > :21:40.something to increase the number of women in their ranks. That's
:21:40. > :21:50.because polling shows that women are more likely to be undecided
:21:50. > :21:55.
:21:55. > :21:58.about who to vote for compared to Meet the wife of the great
:21:58. > :22:03.grandfather of the stepfather of the wife of David Cameron, Nancy
:22:03. > :22:09.Astor, more relevantly in 1919 she became the first woman ever to take
:22:09. > :22:12.a seat in the Commons. By 1931, there were more, but these days
:22:12. > :22:21.Britain is not exactly a leading the world with the number of women
:22:21. > :22:31.in Parliament. Westminster is 22% female, behind Pakistan's
:22:31. > :22:35.
:22:35. > :22:39.parliament, 22.2% female. Photo opportunities have not moved on
:22:39. > :22:43.since their days, but Labour has been responsible for a big increase
:22:43. > :22:48.in the visibility of women at Westminster. Thanks to all-women
:22:48. > :22:53.short lists for candidates, the front bench has been recently
:22:53. > :22:58.refreshed with lots of women on it. Labour's deputy leader has been
:22:58. > :23:02.holding hand back only all-female meetings at the Shadow Cabinet.
:23:02. > :23:07.idea that she is running some sort of parallel shadow cabinet within
:23:07. > :23:12.the party, I don't think that is what she is trying to do. She is
:23:12. > :23:17.creating a space where, as women in the parliamentary party, we can
:23:17. > :23:23.come together and talk about issues from our particular perspective.
:23:23. > :23:28.Amen allowed to come along? Some of them are women only, girls want to
:23:28. > :23:32.get together for a cup of tea sometimes. The issue for David
:23:32. > :23:36.Cameron is that his popularity amongst Women is falling, according
:23:36. > :23:41.to internal party polling, hence why a lady MP was never far from
:23:41. > :23:45.his side at the conference. Years ago he made a pledge that a third
:23:45. > :23:50.of his first government would be female, then raging some of his MPs.
:23:50. > :23:55.I ask for female MPs and they say I don't want to be there as
:23:55. > :24:00.Parliament quota, I want to be there on my ability. I feel enraged
:24:01. > :24:03.that a third of the Cabinet has to be women because of a quota. It is
:24:03. > :24:13.nonsense, doesn't bear a resemblance what is right for the
:24:13. > :24:18.country. Nick Clegg has the teacher -- the T-shirt, but very few female
:24:18. > :24:23.MPs. He is signing up people to be super candidates for the next
:24:23. > :24:27.election. The career of Westminster's first lady didn't end
:24:27. > :24:33.to well, and the party leader who fails to keep in tune with what
:24:33. > :24:38.women want could suffer the same fate.
:24:38. > :24:43.Germaine Greer, David Cameron has a women's problem, according to
:24:43. > :24:53.internal polling. What can he do about it? The problem it is his
:24:53. > :24:55.
:24:55. > :25:02.party, Parliament itself. You remember when he made the blunder
:25:02. > :25:08.calling no been frustrated. His problem was the immediate go for,
:25:08. > :25:13.it wasn't even a double entendre, it was a 1 1/2 entendre, and they
:25:13. > :25:17.went berserk. Asexual lies that particular member of Parliament
:25:17. > :25:23.because she is blonde. She is in her 50s with grown-up children, she
:25:23. > :25:27.was accused of a one-night stand, and that is his problem. Parliament
:25:27. > :25:34.is a profoundly unpleasant experience for many of the women
:25:34. > :25:39.who enter it. They have stood down and stood down. If you look at the
:25:39. > :25:43.original Blair's Babes in take, many of them walked away. They
:25:43. > :25:47.couldn't learn the ropes because nobody would teach them and they
:25:47. > :25:56.didn't understand the system of patronage, horse-trading, making
:25:56. > :25:59.alliances. What do you do - change what happens first. You need to
:25:59. > :26:05.attract more women, but you're saying you need to change the
:26:05. > :26:15.manner in which Parliament is run. The women I know are cleverer than
:26:15. > :26:22.
:26:22. > :26:29.the men. Women MPs? Women MPs as well. The women I know are clever,
:26:29. > :26:33.ballsy and pushy. The problem seems to me that when they get defeated
:26:33. > :26:37.at the moment, when they get defeated, they don't get preferment,
:26:37. > :26:43.something doesn't happen, they begin to think about whether this
:26:43. > :26:47.is for them. I just wonder whether they have got to be as tough and
:26:47. > :26:52.clever as they are away from the house inside the house. I have no
:26:52. > :26:58.doubt, looking out the current intake of Conservative women MPs
:26:58. > :27:03.that I know, that they will be the leaders of tomorrow. Is that
:27:03. > :27:09.because they are younger and this is a new generation? Blair's Babes
:27:09. > :27:13.was part of the political class that existed at that time. Do you
:27:14. > :27:17.think they will stay the course? One of the problems of being
:27:17. > :27:22.younger is you will be treated and used as a junior. You will be
:27:22. > :27:27.dragooned into supporting policies you are only partly in favour of.
:27:27. > :27:32.The important thing is who write the agenda, and the women don't get
:27:32. > :27:36.to write the agenda because that is to do with patronage. Hold on a
:27:36. > :27:44.second, what about Margaret Thatcher? She wrote an agenda that
:27:44. > :27:48.has gone around the world 30 times. It is not a question of intellect,
:27:48. > :27:54.long-term ambition - are they prepared to take a punch on the
:27:54. > :27:59.nose? If so, they are fantastic. is tougher than that. Margaret
:27:59. > :28:04.Thatcher is an example. Tony Blair leaves politics and is now a
:28:04. > :28:08.billionaire. What does Margaret do? She went lecturing in the United
:28:08. > :28:15.States. She didn't get any of the lucrative board positions offered
:28:15. > :28:18.to politicians leaving power. She was outside the loop. She wasn't
:28:18. > :28:25.able to exploit the connections everybody else does. She played the
:28:25. > :28:35.politics game absolutely on face value. She was never part of the
:28:35. > :28:44.inner circle. Just before we go, we have got to find the answer to our
:28:44. > :28:47.quiz. Ken Costa has been asked by the Bishop of London to look at how
:28:47. > :28:51.a form of ethical capitalism could work. But what does Mr Costa - a
:28:51. > :28:56.Christan and an investment banker - think is the best system to create