06/03/2013

:00:41. > :00:42.Morning, folks, welcome to the Daily Morning, folks, welcome to the Daily

:00:42. > :00:44.Politics. The Chancellor loses his Politics. The Chancellor loses his

:00:44. > :00:47.Politics. The Chancellor loses his Politics. The Chancellor loses his

:00:47. > :00:47.battle in Brussels against a cap on battle in Brussels against a cap on

:00:47. > :00:48.battle in Brussels against a cap on bankers' bonuses. The European Union

:00:49. > :00:49.bankers' bonuses. The European Union bankers' bonuses. The European Union

:00:49. > :00:53.bankers' bonuses. The European Union will tell the City how they should

:00:53. > :00:54.will tell the City how they should reward their staff.

:00:54. > :00:54.reward their staff. reward their staff.

:00:54. > :00:55.reward their staff. "They say cut back, we say fight

:00:55. > :00:56."They say cut back, we say fight "They say cut back, we say fight

:00:56. > :00:57.back" - the National union of back" - the National union of

:00:57. > :00:58.back" - the National union of ministers is in full voice, railing

:00:58. > :00:59.ministers is in full voice, railing ministers is in full voice, railing

:00:59. > :01:00.against threatened cuts to their against threatened cuts to their

:01:00. > :01:02.against threatened cuts to their departments, but who will prevail in

:01:02. > :01:05.Cabinet? Cabinet?

:01:05. > :01:06.Cabinet? Cabinet?

:01:06. > :01:07.Don't keep calm and carry on - the Don't keep calm and carry on - the

:01:07. > :01:08.Don't keep calm and carry on - the work and pensions secretary admits

:01:08. > :01:09.work and pensions secretary admits work and pensions secretary admits

:01:09. > :01:11.that the benefits system is in that the benefits system is in

:01:11. > :01:12.that the benefits system is in crisis over the expected surge in

:01:12. > :01:13.crisis over the expected surge in immigrants from Bulgaria and

:01:13. > :01:16.Romania. Romania.

:01:16. > :01:17.Romania. And they did integrate to listing

:01:17. > :01:18.And they did integrate to listing And they did integrate to listing

:01:18. > :01:19.And they did integrate to listing for Preston bus station? We will ask

:01:19. > :01:19.for Preston bus station? We will ask for Preston bus station? We will ask

:01:19. > :01:25.for Preston bus station? We will ask the man who can save it from the

:01:25. > :01:26.wrecker's ball. wrecker's ball.

:01:26. > :01:29.wrecker's ball. wrecker's ball.

:01:29. > :01:30.All that in the next 90 minutes of All that in the next 90 minutes of

:01:30. > :01:32.All that in the next 90 minutes of public service podcasting at its

:01:32. > :01:33.public service podcasting at its public service podcasting at its

:01:33. > :01:35.finest, including, at no extra cost, finest, including, at no extra cost,

:01:35. > :01:36.finest, including, at no extra cost, Prime Minister's Questions, live at

:01:36. > :01:38.Prime Minister's Questions, live at Prime Minister's Questions, live at

:01:39. > :01:39.mid-day, of course. Joining us, mid-day, of course. Joining us,

:01:39. > :01:40.mid-day, of course. Joining us, culture Minister Ed Vaizey and a

:01:40. > :01:41.culture Minister Ed Vaizey and a culture Minister Ed Vaizey and a

:01:41. > :01:42.woman who has been making the woman who has been making the

:01:42. > :01:44.woman who has been making the running on the food contamination

:01:44. > :01:45.running on the food contamination running on the food contamination

:01:45. > :01:46.running on the food contamination scandal, never one to look a gift

:01:46. > :01:47.scandal, never one to look a gift scandal, never one to look a gift

:01:47. > :01:52.scandal, never one to look a gift horse in the mouth. It is shadow

:01:52. > :01:53.horse in the mouth. It is shadow environment secretary, Mary Creagh.

:01:53. > :01:53.environment secretary, Mary Creagh. environment secretary, Mary Creagh.

:01:54. > :01:54.First this morning, the Chancellor First this morning, the Chancellor

:01:54. > :01:55.First this morning, the Chancellor First this morning, the Chancellor

:01:55. > :01:56.First this morning, the Chancellor has not made a hue and cry about his

:01:56. > :01:57.has not made a hue and cry about his has not made a hue and cry about his

:01:57. > :01:59.opposition to a cap on anchors' opposition to a cap on anchors'

:01:59. > :02:01.opposition to a cap on anchors' bonuses, because it is not exactly

:02:01. > :02:02.bonuses, because it is not exactly bonuses, because it is not exactly

:02:02. > :02:04.eight pillar rallying cry. But he eight pillar rallying cry. But he

:02:04. > :02:05.eight pillar rallying cry. But he did go to Brussels yesterday hoping

:02:06. > :02:06.did go to Brussels yesterday hoping did go to Brussels yesterday hoping

:02:06. > :02:07.did go to Brussels yesterday hoping to win concessions from the EU. He

:02:07. > :02:09.to win concessions from the EU. He to win concessions from the EU. He

:02:09. > :02:10.came back pretty much empty handed, came back pretty much empty handed,

:02:10. > :02:11.came back pretty much empty handed, came back pretty much empty handed,

:02:11. > :02:12.came back pretty much empty handed, on the right end of a 26 to one

:02:12. > :02:14.on the right end of a 26 to one on the right end of a 26 to one

:02:14. > :02:15.on the right end of a 26 to one vote. Bonuses in the City of London

:02:15. > :02:16.vote. Bonuses in the City of London vote. Bonuses in the City of London

:02:16. > :02:19.vote. Bonuses in the City of London look like they will be limited to no

:02:19. > :02:20.look like they will be limited to no look like they will be limited to no

:02:20. > :02:20.look like they will be limited to no more than the basic salary of the

:02:20. > :02:21.more than the basic salary of the more than the basic salary of the

:02:21. > :02:22.banker, although they could be banker, although they could be

:02:22. > :02:23.banker, although they could be banker, although they could be

:02:23. > :02:24.double that if you get the approval double that if you get the approval

:02:24. > :02:27.double that if you get the approval of three quarters of a bank's

:02:27. > :02:29.of three quarters of a bank's of three quarters of a bank's

:02:29. > :02:31.shareholders. The Mayor of London, shareholders. The Mayor of London,

:02:32. > :02:32.shareholders. The Mayor of London, Boris Johnson, has given his

:02:32. > :02:36.Boris Johnson, has given his Boris Johnson, has given his

:02:36. > :02:37.Boris Johnson, has given his reaction. I wonder what it will be.

:02:37. > :02:38.reaction. I wonder what it will be. reaction. I wonder what it will be.

:02:38. > :02:41.reaction. I wonder what it will be. reaction. I wonder what it will be.

:02:41. > :02:42.I don't think it is the end of the I don't think it is the end of the

:02:42. > :02:43.I don't think it is the end of the story. We will make sure the

:02:43. > :02:44.story. We will make sure the story. We will make sure the

:02:44. > :02:46.negotiations continue and try to negotiations continue and try to

:02:46. > :02:49.negotiations continue and try to ameliorate the proposal to make sure

:02:49. > :02:49.ameliorate the proposal to make sure ameliorate the proposal to make sure

:02:49. > :02:52.ameliorate the proposal to make sure it is not damaging to the interests

:02:52. > :02:54.it is not damaging to the interests it is not damaging to the interests

:02:54. > :02:56.it is not damaging to the interests of London. If it were to have the

:02:56. > :02:57.of London. If it were to have the of London. If it were to have the

:02:57. > :02:58.effect that they propose, the most effect that they propose, the most

:02:58. > :03:00.effect that they propose, the most effect that they propose, the most

:03:00. > :03:01.it could achieve is not so much to it could achieve is not so much to

:03:01. > :03:02.it could achieve is not so much to damage the interests of the greatest

:03:02. > :03:03.damage the interests of the greatest damage the interests of the greatest

:03:03. > :03:08.financial centre in Europe, i.e. financial centre in Europe, i.e.

:03:08. > :03:11.financial centre in Europe, i.e. London, but the whole of Europe.

:03:11. > :03:12.London, but the whole of Europe. London, but the whole of Europe.

:03:12. > :03:13.Ed Vaizey, these are sensible Ed Vaizey, these are sensible

:03:13. > :03:15.Ed Vaizey, these are sensible proposals that will curb the

:03:15. > :03:18.proposals that will curb the proposals that will curb the

:03:18. > :03:20.excesses of bankers' bonuses. excesses of bankers' bonuses.

:03:20. > :03:21.excesses of bankers' bonuses. the politics of this, it is

:03:21. > :03:21.the politics of this, it is the politics of this, it is

:03:22. > :03:24.difficult to defend bankers. I difficult to defend bankers. I

:03:24. > :03:24.difficult to defend bankers. I remember having to defend the

:03:24. > :03:25.remember having to defend the remember having to defend the

:03:25. > :03:27.bonuses at the Royal Bank of bonuses at the Royal Bank of

:03:27. > :03:28.bonuses at the Royal Bank of Scotland last year. It is not

:03:28. > :03:30.Scotland last year. It is not Scotland last year. It is not

:03:31. > :03:33.popular, but George Osborne is doing popular, but George Osborne is doing

:03:33. > :03:33.popular, but George Osborne is doing popular, but George Osborne is doing

:03:33. > :03:35.the right thing. The City is an the right thing. The City is an

:03:35. > :03:36.the right thing. The City is an important part of our economy. But

:03:36. > :03:37.important part of our economy. But important part of our economy. But

:03:37. > :03:38.important part of our economy. But he is also pointing out flaws in the

:03:38. > :03:41.he is also pointing out flaws in the he is also pointing out flaws in the

:03:41. > :03:42.argument. If you cap bonuses, the argument. If you cap bonuses, the

:03:42. > :03:43.argument. If you cap bonuses, the way bankers are remunerated will

:03:44. > :03:45.way bankers are remunerated will simply transferred to their

:03:45. > :03:45.simply transferred to their simply transferred to their

:03:46. > :03:47.simply transferred to their salaries. It is easier to claw back

:03:47. > :03:47.salaries. It is easier to claw back salaries. It is easier to claw back

:03:47. > :03:48.salaries. It is easier to claw back bonuses when times are tough and we

:03:48. > :03:49.bonuses when times are tough and we bonuses when times are tough and we

:03:49. > :03:52.bonuses when times are tough and we feel the City should take a bigger

:03:52. > :03:54.feel the City should take a bigger feel the City should take a bigger

:03:54. > :03:55.contribution. Boris Johnson is also contribution. Boris Johnson is also

:03:55. > :03:55.contribution. Boris Johnson is also contribution. Boris Johnson is also

:03:56. > :03:56.making a point at the City is making a point at the City is

:03:56. > :03:58.making a point at the City is important for the UK economy, as

:03:58. > :03:59.important for the UK economy, as important for the UK economy, as

:03:59. > :04:00.part of the European single market, part of the European single market,

:04:00. > :04:02.part of the European single market, part of the European single market,

:04:02. > :04:09.it is important that Europe also has it is important that Europe also has

:04:09. > :04:14.it is important that Europe also has a strong financial centre. But he

:04:14. > :04:14.a strong financial centre. But he a strong financial centre. But he

:04:15. > :04:15.a strong financial centre. But he lost the argument. He fought for the

:04:15. > :04:16.lost the argument. He fought for the lost the argument. He fought for the

:04:16. > :04:17.lost the argument. He fought for the City of London and for Europe. We

:04:17. > :04:21.City of London and for Europe. We City of London and for Europe. We

:04:21. > :04:22.don't want business going to America don't want business going to America

:04:22. > :04:23.don't want business going to America don't want business going to America

:04:23. > :04:24.and Asia. But he lost the argument and Asia. But he lost the argument

:04:24. > :04:25.and Asia. But he lost the argument in response to questions about a

:04:25. > :04:27.in response to questions about a in response to questions about a

:04:28. > :04:31.legal challenge to the cap. The legal challenge to the cap. The

:04:31. > :04:32.finance commissioner said, good finance commissioner said, good

:04:32. > :04:33.finance commissioner said, good finance commissioner said, good

:04:33. > :04:34.finance commissioner said, good luck. It is game up. And that is as

:04:34. > :04:35.luck. It is game up. And that is as luck. It is game up. And that is as

:04:35. > :04:39.luck. It is game up. And that is as a result of having no friends in the

:04:39. > :04:41.a result of having no friends in the a result of having no friends in the

:04:41. > :04:41.a result of having no friends in the EU. 26 to one. I think we are

:04:41. > :04:43.EU. 26 to one. I think we are EU. 26 to one. I think we are

:04:43. > :04:44.gaining influence in London. The gaining influence in London. The

:04:44. > :04:45.gaining influence in London. The prime minister has spoken out. I

:04:45. > :04:46.prime minister has spoken out. I prime minister has spoken out. I

:04:46. > :04:47.know we will be talking about know we will be talking about

:04:47. > :04:48.know we will be talking about immigration and the impact on the

:04:48. > :04:49.immigration and the impact on the immigration and the impact on the

:04:49. > :04:50.benefit system later will stop benefit system later will stop

:04:50. > :04:51.benefit system later will stop benefit system later will stop

:04:51. > :04:52.Germany has now woken up to that Germany has now woken up to that

:04:52. > :04:55.Germany has now woken up to that Germany has now woken up to that

:04:55. > :04:56.issue. We have lots of allies in issue. We have lots of allies in

:04:56. > :04:58.issue. We have lots of allies in Europe. Mary Creagh, what will you

:04:58. > :05:01.Europe. Mary Creagh, what will you Europe. Mary Creagh, what will you

:05:01. > :05:02.do to Labour's bankers' bonus tax? do to Labour's bankers' bonus tax?

:05:02. > :05:04.do to Labour's bankers' bonus tax? do to Labour's bankers' bonus tax?

:05:04. > :05:05.We still want to have a bankers' We still want to have a bankers'

:05:05. > :05:06.We still want to have a bankers' bonus tax. It is extraordinary that

:05:06. > :05:08.bonus tax. It is extraordinary that bonus tax. It is extraordinary that

:05:08. > :05:09.bonus tax. It is extraordinary that we have a tax cut for people on

:05:09. > :05:10.we have a tax cut for people on we have a tax cut for people on

:05:10. > :05:12.incomes of over �1 million. That incomes of over �1 million. That

:05:12. > :05:12.incomes of over �1 million. That incomes of over �1 million. That

:05:12. > :05:13.will be a large number of bankers will be a large number of bankers

:05:13. > :05:14.will be a large number of bankers who have received their bonus this

:05:14. > :05:15.who have received their bonus this who have received their bonus this

:05:15. > :05:17.who have received their bonus this year. We want to see that money

:05:17. > :05:18.year. We want to see that money year. We want to see that money

:05:18. > :05:19.going into guaranteeing a job for going into guaranteeing a job for

:05:19. > :05:20.going into guaranteeing a job for going into guaranteeing a job for

:05:20. > :05:24.every young person who has been out every young person who has been out

:05:24. > :05:25.every young person who has been out every young person who has been out

:05:25. > :05:26.every young person who has been out of work for a year. But you will not

:05:26. > :05:27.of work for a year. But you will not of work for a year. But you will not

:05:27. > :05:29.of work for a year. But you will not have enough money to spend your --

:05:30. > :05:31.have enough money to spend your -- have enough money to spend your --

:05:31. > :05:32.fund your spending commitments. fund your spending commitments.

:05:32. > :05:33.fund your spending commitments. fund your spending commitments.

:05:33. > :05:34.will have to look at what levels will have to look at what levels

:05:34. > :05:35.will have to look at what levels will have to look at what levels

:05:35. > :05:35.these bonuses come in. But we are these bonuses come in. But we are

:05:35. > :05:36.these bonuses come in. But we are talking about people earning perhaps

:05:36. > :05:39.talking about people earning perhaps talking about people earning perhaps

:05:39. > :05:40.talking about people earning perhaps up to 400 thousand pounds a year,

:05:40. > :05:43.up to 400 thousand pounds a year, getting potentially double their

:05:43. > :05:44.getting potentially double their getting potentially double their

:05:44. > :05:47.salary. These are fantastic sums of salary. These are fantastic sums of

:05:47. > :05:47.salary. These are fantastic sums of salary. These are fantastic sums of

:05:47. > :05:48.money. I was in Wakefield last week money. I was in Wakefield last week

:05:48. > :05:50.money. I was in Wakefield last week and had three people breaking down

:05:50. > :05:51.and had three people breaking down and had three people breaking down

:05:51. > :05:53.and had three people breaking down in tears because of the bedroom tax.

:05:53. > :05:54.in tears because of the bedroom tax. in tears because of the bedroom tax.

:05:54. > :05:55.These people live in a different These people live in a different

:05:55. > :05:56.These people live in a different These people live in a different

:05:56. > :05:57.world to the reality of what people world to the reality of what people

:05:57. > :05:58.world to the reality of what people world to the reality of what people

:05:58. > :05:59.who are squeezed our feeling in the who are squeezed our feeling in the

:05:59. > :06:00.who are squeezed our feeling in the who are squeezed our feeling in the

:06:00. > :06:03.country. Many of the public will be country. Many of the public will be

:06:03. > :06:04.country. Many of the public will be country. Many of the public will be

:06:04. > :06:04.country. Many of the public will be on your side. At let me come back to

:06:04. > :06:06.on your side. At let me come back to on your side. At let me come back to

:06:06. > :06:07.the spending commitments of labour. the spending commitments of labour.

:06:07. > :06:10.the spending commitments of labour. the spending commitments of labour.

:06:10. > :06:11.You will not be able to fulfil You will not be able to fulfil

:06:11. > :06:12.You will not be able to fulfil those, because you would get less

:06:12. > :06:12.those, because you would get less those, because you would get less

:06:12. > :06:13.those, because you would get less money in power from a bankers' bonus

:06:13. > :06:14.money in power from a bankers' bonus money in power from a bankers' bonus

:06:14. > :06:16.money in power from a bankers' bonus tax if they were not getting the

:06:16. > :06:18.tax if they were not getting the tax if they were not getting the

:06:18. > :06:21.tax if they were not getting the bonuses. I am not clear on when this

:06:21. > :06:23.bonuses. I am not clear on when this bonuses. I am not clear on when this

:06:23. > :06:25.bonuses. I am not clear on when this change comes in. 2014? We will have

:06:25. > :06:25.change comes in. 2014? We will have change comes in. 2014? We will have

:06:25. > :06:26.to put that into our spending to put that into our spending

:06:26. > :06:28.to put that into our spending commitments. We think it is a

:06:28. > :06:30.commitments. We think it is a commitments. We think it is a

:06:30. > :06:36.sensible way forward. We have record sensible way forward. We have record

:06:37. > :06:38.fines from LIBOR fixing, fines from LIBOR fixing,

:06:38. > :06:40.money-laundering. The anchors have money-laundering. The anchors have

:06:40. > :06:42.money-laundering. The anchors have not understood the damage they have

:06:42. > :06:43.not understood the damage they have not understood the damage they have

:06:43. > :06:44.not understood the damage they have caused to the economy. Ed is right,

:06:44. > :06:45.caused to the economy. Ed is right, caused to the economy. Ed is right,

:06:45. > :06:46.caused to the economy. Ed is right, the City of London is an important

:06:46. > :06:47.the City of London is an important the City of London is an important

:06:47. > :06:48.global player, but all this talk global player, but all this talk

:06:48. > :06:49.global player, but all this talk global player, but all this talk

:06:49. > :06:50.about them moving to New York or about them moving to New York or

:06:50. > :06:51.about them moving to New York or about them moving to New York or

:06:51. > :06:53.Switzerland, we had that in 2008 and Switzerland, we had that in 2008 and

:06:53. > :06:55.Switzerland, we had that in 2008 and Switzerland, we had that in 2008 and

:06:55. > :06:55.it has not moved -- it has not it has not moved -- it has not

:06:55. > :06:57.it has not moved -- it has not happened. That has always been the

:06:57. > :06:58.happened. That has always been the happened. That has always been the

:06:58. > :06:59.happened. That has always been the line that anchors fall back on, but

:06:59. > :07:00.line that anchors fall back on, but line that anchors fall back on, but

:07:00. > :07:03.line that anchors fall back on, but there was not much evidence of a

:07:03. > :07:07.there was not much evidence of a there was not much evidence of a

:07:07. > :07:08.mass move -Nancy is. -- financiers. mass move -Nancy is. -- financiers.

:07:08. > :07:09.mass move -Nancy is. -- financiers. mass move -Nancy is. -- financiers.

:07:09. > :07:11.Some people did move out, but it is Some people did move out, but it is

:07:11. > :07:12.Some people did move out, but it is important that you don't continually

:07:12. > :07:16.important that you don't continually important that you don't continually

:07:16. > :07:17.attack the City of London. People attack the City of London. People

:07:17. > :07:18.attack the City of London. People are obviously outraged by what went

:07:18. > :07:18.are obviously outraged by what went are obviously outraged by what went

:07:18. > :07:22.are obviously outraged by what went on and the salaries that bankers get

:07:22. > :07:23.on and the salaries that bankers get on and the salaries that bankers get

:07:23. > :07:25.paid. But they contribute an paid. But they contribute an

:07:25. > :07:25.paid. But they contribute an enormous amount in taxes as well,

:07:25. > :07:26.enormous amount in taxes as well, enormous amount in taxes as well,

:07:26. > :07:28.enormous amount in taxes as well, and they act as a magnet for

:07:28. > :07:30.and they act as a magnet for and they act as a magnet for

:07:30. > :07:31.business. What does George Osborne business. What does George Osborne

:07:31. > :07:34.business. What does George Osborne business. What does George Osborne

:07:34. > :07:36.do now? It is going to happen. From do now? It is going to happen. From

:07:36. > :07:38.do now? It is going to happen. From do now? It is going to happen. From

:07:38. > :07:38.2014, there will be a cap. 2014, there will be a cap.

:07:38. > :07:43.2014, there will be a cap. 2014, there will be a cap.

:07:43. > :07:44.should not be so defeatist. We will should not be so defeatist. We will

:07:44. > :07:46.should not be so defeatist. We will negotiate with Europe and continue

:07:46. > :07:47.negotiate with Europe and continue negotiate with Europe and continue

:07:47. > :07:48.negotiate with Europe and continue to make the case. We have a welfare

:07:48. > :07:50.to make the case. We have a welfare to make the case. We have a welfare

:07:51. > :07:52.to make the case. We have a welfare cap but not a bankers' bonus cap,

:07:52. > :07:53.cap but not a bankers' bonus cap, cap but not a bankers' bonus cap,

:07:53. > :07:54.that is extraordinary. It is that is extraordinary. It is

:07:54. > :07:55.that is extraordinary. It is important to make sure we continue

:07:55. > :07:55.important to make sure we continue important to make sure we continue

:07:55. > :07:57.important to make sure we continue to see investment in the City of

:07:57. > :07:59.to see investment in the City of to see investment in the City of

:07:59. > :08:00.London so that they don't go London so that they don't go

:08:00. > :08:03.London so that they don't go elsewhere. Mary Creagh, what would

:08:03. > :08:04.elsewhere. Mary Creagh, what would elsewhere. Mary Creagh, what would

:08:04. > :08:05.you do if bankers' basic salaries you do if bankers' basic salaries

:08:05. > :08:08.you do if bankers' basic salaries you do if bankers' basic salaries

:08:08. > :08:12.shot up? There would be nothing to shot up? There would be nothing to

:08:12. > :08:13.shot up? There would be nothing to stop that. The bankers' salaries did

:08:13. > :08:14.stop that. The bankers' salaries did stop that. The bankers' salaries did

:08:14. > :08:19.stop that. The bankers' salaries did increase. We saw basic pay in the

:08:19. > :08:19.increase. We saw basic pay in the increase. We saw basic pay in the

:08:19. > :08:22.City rising. That also contributes City rising. That also contributes

:08:22. > :08:23.City rising. That also contributes City rising. That also contributes

:08:23. > :08:24.City rising. That also contributes to the tax take. We need to create a

:08:24. > :08:27.to the tax take. We need to create a to the tax take. We need to create a

:08:27. > :08:28.system where the bankers are system where the bankers are

:08:28. > :08:29.system where the bankers are incentivised. We want to turn these

:08:29. > :08:30.incentivised. We want to turn these incentivised. We want to turn these

:08:30. > :08:32.big state-owned banks around. We big state-owned banks around. We

:08:32. > :08:33.big state-owned banks around. We big state-owned banks around. We

:08:33. > :08:34.want to get them lending. But when want to get them lending. But when

:08:34. > :08:36.want to get them lending. But when you are talking about people earning

:08:36. > :08:37.you are talking about people earning you are talking about people earning

:08:37. > :08:38.you are talking about people earning half �1 million a year and �1

:08:38. > :08:39.half �1 million a year and �1 half �1 million a year and �1

:08:39. > :08:40.million in their bonus, this is million in their bonus, this is

:08:40. > :08:42.million in their bonus, this is fantasy land for the people I

:08:42. > :08:43.fantasy land for the people I fantasy land for the people I

:08:43. > :08:44.represent in Wakefield. Even if they represent in Wakefield. Even if they

:08:45. > :08:47.represent in Wakefield. Even if they have contributed to turning around a

:08:47. > :08:48.have contributed to turning around a have contributed to turning around a

:08:48. > :08:49.back? For example, people who have back? For example, people who have

:08:49. > :08:50.back? For example, people who have helped earn huge profits for an

:08:50. > :08:52.helped earn huge profits for an helped earn huge profits for an

:08:52. > :08:55.individual bank that does then start individual bank that does then start

:08:55. > :08:56.individual bank that does then start to lend? We have seen losses

:08:56. > :08:57.to lend? We have seen losses to lend? We have seen losses

:08:57. > :08:59.reported at Royal Bank of Scotland reported at Royal Bank of Scotland

:08:59. > :09:00.reported at Royal Bank of Scotland and Lloyds. We don't see these

:09:00. > :09:01.and Lloyds. We don't see these and Lloyds. We don't see these

:09:01. > :09:02.profits, they are still state profits, they are still state

:09:02. > :09:04.liabilities. The government is liabilities. The government is

:09:04. > :09:05.liabilities. The government is paying down the deficit the banks

:09:05. > :09:08.paying down the deficit the banks paying down the deficit the banks

:09:08. > :09:09.paying down the deficit the banks left us on the backs of the poor,

:09:09. > :09:11.left us on the backs of the poor, left us on the backs of the poor,

:09:11. > :09:12.left us on the backs of the poor, and they are going back to Brussels

:09:12. > :09:13.and they are going back to Brussels and they are going back to Brussels

:09:13. > :09:14.and they are going back to Brussels to say that a cap on their

:09:14. > :09:15.to say that a cap on their to say that a cap on their

:09:15. > :09:18.remuneration is wrong. People will remuneration is wrong. People will

:09:18. > :09:19.remuneration is wrong. People will find that very strange. You are

:09:19. > :09:20.find that very strange. You are find that very strange. You are

:09:20. > :09:21.defending the indefensible? It is an defending the indefensible? It is an

:09:21. > :09:22.defending the indefensible? It is an defending the indefensible? It is an

:09:22. > :09:23.emotive issue, but you have to take emotive issue, but you have to take

:09:23. > :09:25.emotive issue, but you have to take emotive issue, but you have to take

:09:25. > :09:26.the heat out of this and import -- the heat out of this and import --

:09:26. > :09:27.the heat out of this and import -- understand that this is a very

:09:27. > :09:31.understand that this is a very understand that this is a very

:09:31. > :09:31.important industry. The taxes the important industry. The taxes the

:09:31. > :09:32.important industry. The taxes the banks generate up paper welfare.

:09:32. > :09:34.banks generate up paper welfare. banks generate up paper welfare.

:09:34. > :09:35.banks generate up paper welfare. Labour had a tax on the rich for

:09:35. > :09:36.Labour had a tax on the rich for Labour had a tax on the rich for

:09:36. > :09:37.most the entire length of its most the entire length of its

:09:37. > :09:39.most the entire length of its government. I will not take lessons

:09:39. > :09:40.government. I will not take lessons government. I will not take lessons

:09:40. > :09:42.government. I will not take lessons from Labour on how you tax the rich.

:09:42. > :09:43.from Labour on how you tax the rich. from Labour on how you tax the rich.

:09:43. > :09:45.from Labour on how you tax the rich. We take much more from a tax on

:09:45. > :09:47.We take much more from a tax on We take much more from a tax on

:09:47. > :09:51.bankers' bonuses and labour of the bankers' bonuses and labour of the

:09:51. > :09:52.bankers' bonuses and labour of the dead. But funding the City is

:09:52. > :09:54.dead. But funding the City is dead. But funding the City is

:09:54. > :09:54.important. It generates wealth for important. It generates wealth for

:09:54. > :09:56.important. It generates wealth for important. It generates wealth for

:09:56. > :09:56.Europe, and if we continue to attack Europe, and if we continue to attack

:09:56. > :10:00.Europe, and if we continue to attack the City, the business will go

:10:00. > :10:01.the City, the business will go the City, the business will go

:10:01. > :10:02.elsewhere. Allowing people to earn elsewhere. Allowing people to earn

:10:02. > :10:03.elsewhere. Allowing people to earn elsewhere. Allowing people to earn

:10:03. > :10:04.half �1 million is not an attack on half �1 million is not an attack on

:10:04. > :10:06.half �1 million is not an attack on half �1 million is not an attack on

:10:06. > :10:14.City workers. We are joined now by City workers. We are joined now by

:10:14. > :10:14.City workers. We are joined now by Allister Heath, editor of City AM.

:10:14. > :10:16.Allister Heath, editor of City AM. Allister Heath, editor of City AM.

:10:16. > :10:19.Allister Heath, editor of City AM. What is the reaction in the City to

:10:19. > :10:21.What is the reaction in the City to What is the reaction in the City to

:10:21. > :10:24.What is the reaction in the City to be bankers' bonus cap? It will be a

:10:24. > :10:25.be bankers' bonus cap? It will be a be bankers' bonus cap? It will be a

:10:25. > :10:26.be bankers' bonus cap? It will be a live cap. That is the main view,

:10:26. > :10:27.live cap. That is the main view, live cap. That is the main view,

:10:27. > :10:28.live cap. That is the main view, because it will not bring down pay

:10:28. > :10:30.because it will not bring down pay because it will not bring down pay

:10:30. > :10:31.in total. It will change the in total. It will change the

:10:31. > :10:32.in total. It will change the in total. It will change the

:10:32. > :10:33.composition of day and move it more composition of day and move it more

:10:33. > :10:34.composition of day and move it more composition of day and move it more

:10:34. > :10:35.towards base pay, which will go up, towards base pay, which will go up,

:10:35. > :10:40.towards base pay, which will go up, and reduce bonuses. That will make

:10:40. > :10:41.and reduce bonuses. That will make and reduce bonuses. That will make

:10:41. > :10:41.banks riskier and reduce the banks riskier and reduce the

:10:41. > :10:48.banks riskier and reduce the connection between people who work

:10:48. > :10:49.connection between people who work connection between people who work

:10:49. > :10:51.hard and their reward. At the hard and their reward. At the

:10:51. > :10:54.hard and their reward. At the moment, banks can reduce their costs

:10:54. > :10:55.moment, banks can reduce their costs moment, banks can reduce their costs

:10:55. > :10:57.in downturns by reducing bonuses if in downturns by reducing bonuses if

:10:57. > :10:57.in downturns by reducing bonuses if in downturns by reducing bonuses if

:10:57. > :10:58.there is a recession. Under the new there is a recession. Under the new

:10:58. > :11:00.there is a recession. Under the new system, they would have to fire

:11:00. > :11:00.system, they would have to fire system, they would have to fire

:11:00. > :11:03.system, they would have to fire thousands. There is also a lot of

:11:03. > :11:03.thousands. There is also a lot of thousands. There is also a lot of

:11:03. > :11:04.thousands. There is also a lot of talk in the City that the cap might

:11:04. > :11:06.talk in the City that the cap might talk in the City that the cap might

:11:06. > :11:08.talk in the City that the cap might apply to far more far -- firms than

:11:08. > :11:10.apply to far more far -- firms than apply to far more far -- firms than

:11:10. > :11:13.just banks. There is speculation just banks. There is speculation

:11:13. > :11:14.just banks. There is speculation just banks. There is speculation

:11:14. > :11:15.that it might apply to 2700 firms that it might apply to 2700 firms

:11:15. > :11:18.that it might apply to 2700 firms which are currently covered by FSA

:11:18. > :11:19.which are currently covered by FSA which are currently covered by FSA

:11:19. > :11:20.compensation rules full top this is compensation rules full top this is

:11:20. > :11:22.compensation rules full top this is a far-reaching change and one which

:11:22. > :11:23.a far-reaching change and one which a far-reaching change and one which

:11:23. > :11:24.will not achieve its impending -- will not achieve its impending --

:11:24. > :11:26.will not achieve its impending -- intended aim to make the system

:11:26. > :11:28.intended aim to make the system intended aim to make the system

:11:28. > :11:31.fairer will stop instead, it will fairer will stop instead, it will

:11:31. > :11:33.fairer will stop instead, it will make the system riskier and risk

:11:33. > :11:33.make the system riskier and risk make the system riskier and risk

:11:33. > :11:35.driving business out of London. If driving business out of London. If

:11:35. > :11:36.driving business out of London. If driving business out of London. If

:11:36. > :11:38.you are a global firm, you have an you are a global firm, you have an

:11:38. > :11:39.you are a global firm, you have an incentive to move to locations like

:11:39. > :11:40.incentive to move to locations like incentive to move to locations like

:11:40. > :11:41.incentive to move to locations like New York. If you are based in the

:11:41. > :11:42.New York. If you are based in the New York. If you are based in the

:11:42. > :11:43.European Union, you have an European Union, you have an

:11:43. > :11:46.European Union, you have an incentive to move your entire firm

:11:46. > :11:47.incentive to move your entire firm incentive to move your entire firm

:11:47. > :11:49.incentive to move your entire firm outside full up there are a lot of

:11:49. > :11:50.outside full up there are a lot of disadvantages. Ultimately, it will

:11:50. > :11:51.disadvantages. Ultimately, it will disadvantages. Ultimately, it will

:11:51. > :11:54.disadvantages. Ultimately, it will not bring down pay and will make pay

:11:54. > :11:57.not bring down pay and will make pay not bring down pay and will make pay

:11:57. > :11:57.riskier. At the moment, bonuses are riskier. At the moment, bonuses are

:11:57. > :11:58.riskier. At the moment, bonuses are almost always deferred and partly

:11:58. > :12:03.almost always deferred and partly almost always deferred and partly

:12:03. > :12:06.almost always deferred and partly paid in equity and so on. With a

:12:06. > :12:07.paid in equity and so on. With a paid in equity and so on. With a

:12:07. > :12:09.cap, cash will be paid immediately, cap, cash will be paid immediately,

:12:09. > :12:10.cap, cash will be paid immediately, which means all these attempts to

:12:10. > :12:11.which means all these attempts to which means all these attempts to

:12:11. > :12:20.try underlying performance with pay try underlying performance with pay

:12:20. > :12:21.will be dilutive. will be dilutive.

:12:21. > :12:23.will be dilutive. The prime minister has launched a

:12:23. > :12:23.The prime minister has launched a charm offensive with his

:12:23. > :12:25.charm offensive with his backbenchers after the humiliation

:12:25. > :12:26.backbenchers after the humiliation backbenchers after the humiliation

:12:26. > :12:28.of taking third place in last of taking third place in last

:12:28. > :12:28.of taking third place in last week's Eastleigh by-election. It is

:12:28. > :12:30.week's Eastleigh by-election. It is week's Eastleigh by-election. It is

:12:30. > :12:33.drawn and chicken sandwiches at drawn and chicken sandwiches at

:12:33. > :12:35.drawn and chicken sandwiches at number ten, with no horsemeat. David

:12:35. > :12:35.number ten, with no horsemeat. David number ten, with no horsemeat. David

:12:35. > :12:40.Cameron himself has been doing Cameron himself has been doing

:12:40. > :12:41.Cameron himself has been doing impressions of William Hague. But it

:12:41. > :12:43.impressions of William Hague. But it impressions of William Hague. But it

:12:43. > :12:44.has not just been backbenchers has not just been backbenchers

:12:44. > :12:45.has not just been backbenchers sounding off. Ministers are also

:12:45. > :12:46.sounding off. Ministers are also sounding off. Ministers are also

:12:46. > :12:47.lobbying ahead of this summer's lobbying ahead of this summer's

:12:47. > :12:51.lobbying ahead of this summer's spending review. It is providing an

:12:51. > :12:52.spending review. It is providing an interesting spec to call.

:12:52. > :12:54.interesting spec to call. interesting spec to call.

:12:55. > :12:56.interesting spec to call. They call them the National union of

:12:56. > :12:57.They call them the National union of They call them the National union of

:12:57. > :12:58.ministers, saying no to further cuts ministers, saying no to further cuts

:12:58. > :12:59.ministers, saying no to further cuts in their departmental budgets in the

:12:59. > :13:01.in their departmental budgets in the in their departmental budgets in the

:13:01. > :13:03.next standing round which is due next standing round which is due

:13:03. > :13:04.next standing round which is due this summer. George Osborne is said

:13:04. > :13:05.this summer. George Osborne is said this summer. George Osborne is said

:13:05. > :13:06.this summer. George Osborne is said to want �10 billion of further cuts

:13:06. > :13:07.to want �10 billion of further cuts to want �10 billion of further cuts

:13:07. > :13:10.in 2015. The ministers say they in 2015. The ministers say they

:13:10. > :13:11.in 2015. The ministers say they can't do it. The most outspoken

:13:11. > :13:12.can't do it. The most outspoken can't do it. The most outspoken

:13:12. > :13:13.can't do it. The most outspoken member is Philip Hammond, who told a

:13:13. > :13:14.member is Philip Hammond, who told a newspaper that his defence

:13:14. > :13:15.newspaper that his defence newspaper that his defence

:13:15. > :13:16.Department can't take any more cuts Department can't take any more cuts

:13:16. > :13:19.Department can't take any more cuts without a significant impact on

:13:19. > :13:20.without a significant impact on without a significant impact on

:13:20. > :13:21.military capability. Then there is military capability. Then there is

:13:21. > :13:22.military capability. Then there is Theresa May. She is already trying

:13:22. > :13:23.Theresa May. She is already trying Theresa May. She is already trying

:13:23. > :13:25.Theresa May. She is already trying to cut the Home Office budget by

:13:25. > :13:27.to cut the Home Office budget by to cut the Home Office budget by

:13:27. > :13:28.23%. She has faced discontent from 23%. She has faced discontent from

:13:28. > :13:28.23%. She has faced discontent from 23%. She has faced discontent from

:13:28. > :13:31.the police and is reported to be the police and is reported to be

:13:31. > :13:32.the police and is reported to be opposing further cuts. Eric Pickles

:13:32. > :13:33.opposing further cuts. Eric Pickles opposing further cuts. Eric Pickles

:13:33. > :13:34.at communities and local government at communities and local government

:13:34. > :13:36.at communities and local government at communities and local government

:13:36. > :13:37.is also said to be furious about is also said to be furious about

:13:37. > :13:38.is also said to be furious about threatened cuts to his budget. And

:13:38. > :13:39.threatened cuts to his budget. And threatened cuts to his budget. And

:13:39. > :13:41.there is the shop steward, Vince there is the shop steward, Vince

:13:41. > :13:42.there is the shop steward, Vince Cable. He wants more investment in

:13:42. > :13:44.Cable. He wants more investment in Cable. He wants more investment in

:13:44. > :13:45.his business defilement, not less. his business defilement, not less.

:13:45. > :13:46.his business defilement, not less. This wrangling happens at every

:13:46. > :13:47.This wrangling happens at every This wrangling happens at every

:13:47. > :13:48.spending round, but this year the spending round, but this year the

:13:48. > :13:49.spending round, but this year the haggling is more public than usual.

:13:49. > :13:50.haggling is more public than usual. haggling is more public than usual.

:13:50. > :13:52.Let's speak to Philip Oppenheim, who Let's speak to Philip Oppenheim, who

:13:52. > :13:53.Let's speak to Philip Oppenheim, who Let's speak to Philip Oppenheim, who

:13:53. > :13:55.as a Treasury minister has in all as a Treasury minister has in all

:13:55. > :13:56.as a Treasury minister has in all this from the inside. How much

:13:56. > :13:57.this from the inside. How much this from the inside. How much

:13:57. > :14:03.pressure is the Treasury put under pressure is the Treasury put under

:14:03. > :14:04.pressure is the Treasury put under by ministerial colleagues? In a

:14:04. > :14:05.by ministerial colleagues? In a by ministerial colleagues? In a

:14:05. > :14:09.normal period of government when normal period of government when

:14:09. > :14:09.discipline reigns, the lobbying discipline reigns, the lobbying

:14:09. > :14:10.discipline reigns, the lobbying discipline reigns, the lobbying

:14:10. > :14:12.tends to be secretary of state to tends to be secretary of state to

:14:12. > :14:13.tends to be secretary of state to secretary of state or secretary of

:14:13. > :14:15.secretary of state or secretary of secretary of state or secretary of

:14:15. > :14:18.state to the chancellor of the state to the chancellor of the

:14:18. > :14:19.state to the chancellor of the extra. When discipline breaks down,

:14:19. > :14:19.extra. When discipline breaks down, extra. When discipline breaks down,

:14:19. > :14:20.extra. When discipline breaks down, which has always gone on, it tends

:14:20. > :14:21.which has always gone on, it tends which has always gone on, it tends

:14:21. > :14:22.to be most successful when the to be most successful when the

:14:22. > :14:25.to be most successful when the minister doing the lobbying has got

:14:25. > :14:27.minister doing the lobbying has got minister doing the lobbying has got

:14:27. > :14:28.the public sympathy and has prepared the public sympathy and has prepared

:14:28. > :14:28.the public sympathy and has prepared the public sympathy and has prepared

:14:28. > :14:32.the ground by making sure the media the ground by making sure the media

:14:32. > :14:34.the ground by making sure the media the ground by making sure the media

:14:34. > :14:37.are well briefed. How do you resist are well briefed. How do you resist

:14:37. > :14:37.are well briefed. How do you resist are well briefed. How do you resist

:14:37. > :14:39.over chores? It depends. If there is over chores? It depends. If there is

:14:39. > :14:39.over chores? It depends. If there is over chores? It depends. If there is

:14:39. > :14:41.over chores? It depends. If there is a head of steam behind it, it can be

:14:41. > :14:43.a head of steam behind it, it can be a head of steam behind it, it can be

:14:43. > :14:44.difficult to resist, especially when difficult to resist, especially when

:14:44. > :14:46.difficult to resist, especially when the government is relatively weak,

:14:46. > :14:47.the government is relatively weak, the government is relatively weak,

:14:47. > :14:48.the government is relatively weak, the government is relatively weak,

:14:48. > :14:48.as it was in 1997 when I was a as it was in 1997 when I was a

:14:48. > :14:52.as it was in 1997 when I was a Treasury minister. But it is not

:14:52. > :14:53.Treasury minister. But it is not Treasury minister. But it is not

:14:53. > :14:56.just ministry to ministry briefing. just ministry to ministry briefing.

:14:56. > :14:56.There are also industry There are also industry

:14:56. > :14:57.There are also industry representatives, and there and there

:14:57. > :15:00.representatives, and there and there representatives, and there and there

:15:00. > :15:04.is a more insidious briefing where is a more insidious briefing where

:15:04. > :15:05.the financial services industry the financial services industry

:15:05. > :15:06.the financial services industry the financial services industry

:15:06. > :15:07.tends to get its way at budget time. tends to get its way at budget time.

:15:07. > :15:08.tends to get its way at budget time. tends to get its way at budget time.

:15:08. > :15:11.His ring fencing of good idea? His ring fencing of good idea?

:15:11. > :15:11.His ring fencing of good idea? His ring fencing of good idea?

:15:11. > :15:13.can be, but it is ethical to can be, but it is ethical to

:15:13. > :15:15.can be, but it is ethical to enforce. What about Philip Hammond

:15:15. > :15:17.enforce. What about Philip Hammond enforce. What about Philip Hammond

:15:17. > :15:17.and Theresa May's chances? Philip and Theresa May's chances? Philip

:15:17. > :15:20.and Theresa May's chances? Philip Hammond probably has a better case,

:15:20. > :15:21.Hammond probably has a better case, Hammond probably has a better case,

:15:21. > :15:22.partly because the public are partly because the public are

:15:22. > :15:23.partly because the public are partly because the public are

:15:23. > :15:27.sympathetic to his cause and he has sympathetic to his cause and he has

:15:27. > :15:28.sympathetic to his cause and he has prepared the ground with the media.

:15:28. > :15:31.prepared the ground with the media. prepared the ground with the media.

:15:31. > :15:32.So Theresa May can forget her So Theresa May can forget her

:15:32. > :15:33.So Theresa May can forget her chances? Don't take my word for

:15:33. > :15:42.chances? Don't take my word for chances? Don't take my word for

:15:42. > :15:42.We are joined by Stephen Williams We are joined by Stephen Williams

:15:42. > :15:52.We are joined by Stephen Williams who has been observing all this.

:15:52. > :15:56.

:15:56. > :15:56.who has been observing all this. cutting expenditure so far. We are

:15:56. > :15:58.cutting expenditure so far. We are cutting expenditure so far. We are

:15:58. > :15:58.looking for the next round. What looking for the next round. What

:15:58. > :15:59.looking for the next round. What comes next in order to balance our

:15:59. > :16:01.comes next in order to balance our comes next in order to balance our

:16:02. > :16:02.books. The problem is we have books. The problem is we have

:16:02. > :16:04.protected the National Health protected the National Health

:16:04. > :16:05.protected the National Health Service and education which is two

:16:05. > :16:07.Service and education which is two Service and education which is two

:16:07. > :16:07.huge departments which means other huge departments which means other

:16:07. > :16:09.huge departments which means other departments have taken cuts and I

:16:09. > :16:13.departments have taken cuts and I can understand why Cabinet

:16:13. > :16:13.can understand why Cabinet can understand why Cabinet

:16:13. > :16:15.Ministers in those departments are Ministers in those departments are

:16:15. > :16:16.Ministers in those departments are are fretting about what is coming

:16:16. > :16:17.are fretting about what is coming down the line.

:16:17. > :16:17.down the line. down the line.

:16:17. > :16:21.down the line. When I spoke to Vince Cable, he

:16:21. > :16:21.When I spoke to Vince Cable, he When I spoke to Vince Cable, he

:16:21. > :16:23.didn't seem keen on the ring- didn't seem keen on the ring-

:16:23. > :16:24.didn't seem keen on the ring- fencing. What about you? The way

:16:24. > :16:26.fencing. What about you? The way fencing. What about you? The way

:16:26. > :16:26.the Government sets its budget and the Government sets its budget and

:16:27. > :16:27.the Government sets its budget and the Government sets its budget and

:16:28. > :16:28.sets its taxes would be peculiar to sets its taxes would be peculiar to

:16:29. > :16:29.sets its taxes would be peculiar to most people who worked in business

:16:30. > :16:32.most people who worked in business most people who worked in business

:16:32. > :16:34.which is the background I had which is the background I had

:16:34. > :16:35.which is the background I had which is the background I had

:16:35. > :16:36.before I became an MP. You should before I became an MP. You should

:16:36. > :16:37.before I became an MP. You should before I became an MP. You should

:16:37. > :16:38.start from the basics and say what start from the basics and say what

:16:38. > :16:39.start from the basics and say what start from the basics and say what

:16:39. > :16:44.does the Government need to do? We does the Government need to do? We

:16:44. > :16:47.does the Government need to do? We need to balance the nation's books.

:16:47. > :16:49.need to balance the nation's books. need to balance the nation's books.

:16:49. > :16:50.Maybe have a five year Budget, Maybe have a five year Budget,

:16:50. > :16:52.Maybe have a five year Budget, across Government and then have

:16:52. > :16:55.across Government and then have annual negotiations within that

:16:55. > :16:57.annual negotiations within that annual negotiations within that

:16:57. > :16:58.overall picture. What are you man overall picture. What are you man

:16:58. > :17:00.overall picture. What are you man ufrg for? -- manoeuvring for?

:17:00. > :17:01.ufrg for? -- manoeuvring for? ufrg for? -- manoeuvring for?

:17:01. > :17:02.we make these decisions, that we we make these decisions, that we

:17:02. > :17:03.we make these decisions, that we don't balance the books on the

:17:03. > :17:04.don't balance the books on the don't balance the books on the

:17:04. > :17:06.don't balance the books on the backs of the poor, that's why we

:17:06. > :17:07.backs of the poor, that's why we backs of the poor, that's why we

:17:07. > :17:08.have resisted further demands for have resisted further demands for

:17:08. > :17:09.have resisted further demands for welfare cuts from our coalition

:17:09. > :17:10.welfare cuts from our coalition welfare cuts from our coalition

:17:10. > :17:13.partners and certainly, we will not partners and certainly, we will not

:17:13. > :17:14.partners and certainly, we will not agree to further welfare cuts

:17:14. > :17:15.agree to further welfare cuts agree to further welfare cuts

:17:15. > :17:16.agree to further welfare cuts unless there are more taxes on the

:17:16. > :17:17.unless there are more taxes on the unless there are more taxes on the

:17:17. > :17:18.wealthiest in society. We are wealthiest in society. We are

:17:18. > :17:20.wealthiest in society. We are wealthiest in society. We are

:17:20. > :17:21.pushing for the the mansion tax and pushing for the the mansion tax and

:17:21. > :17:22.pushing for the the mansion tax and will not allow cutting housing

:17:22. > :17:24.will not allow cutting housing will not allow cutting housing

:17:24. > :17:25.will not allow cutting housing benefit for the under 25s which is

:17:25. > :17:26.benefit for the under 25s which is benefit for the under 25s which is

:17:26. > :17:28.an idea some coalition colleagues an idea some coalition colleagues

:17:28. > :17:30.are keen on. are keen on.

:17:30. > :17:31.are keen on. If the Conservatives agreed to some

:17:31. > :17:34.If the Conservatives agreed to some If the Conservatives agreed to some

:17:34. > :17:35.If the Conservatives agreed to some extra tax or levy on The Well off,

:17:35. > :17:37.extra tax or levy on The Well off, extra tax or levy on The Well off,

:17:37. > :17:38.what welfare cuts would you agree what welfare cuts would you agree

:17:38. > :17:39.what welfare cuts would you agree what welfare cuts would you agree

:17:39. > :17:40.to? We can open negotiations on how to? We can open negotiations on how

:17:40. > :17:41.to? We can open negotiations on how to? We can open negotiations on how

:17:41. > :17:43.we can reform the welfare budget. I we can reform the welfare budget. I

:17:43. > :17:44.we can reform the welfare budget. I thought you should look at the

:17:44. > :17:46.thought you should look at the thought you should look at the

:17:46. > :17:48.thought you should look at the welfare Budget in terms of what it

:17:48. > :17:50.welfare Budget in terms of what it welfare Budget in terms of what it

:17:50. > :17:50.is designed to achieve. You should is designed to achieve. You should

:17:50. > :17:52.is designed to achieve. You should look at is the welfare budget

:17:52. > :17:53.look at is the welfare budget look at is the welfare budget

:17:53. > :17:55.working? What's it doing to the working? What's it doing to the

:17:55. > :17:56.working? What's it doing to the housing market? You should look at

:17:56. > :17:57.housing market? You should look at housing market? You should look at

:17:57. > :17:57.housing benefits and changes from housing benefits and changes from

:17:57. > :18:00.housing benefits and changes from that, rather than trimming the

:18:01. > :18:01.that, rather than trimming the that, rather than trimming the

:18:01. > :18:02.budget and then worrying about the budget and then worrying about the

:18:02. > :18:03.budget and then worrying about the things that result from that and

:18:04. > :18:05.things that result from that and picking up the pieces.

:18:05. > :18:06.picking up the pieces. picking up the pieces.

:18:06. > :18:07.picking up the pieces. I am still not quite clear on what

:18:07. > :18:08.I am still not quite clear on what I am still not quite clear on what

:18:08. > :18:11.I am still not quite clear on what you would agree to. How does it

:18:11. > :18:12.you would agree to. How does it you would agree to. How does it

:18:12. > :18:13.you would agree to. How does it help the poor if you put extra tax

:18:13. > :18:14.help the poor if you put extra tax help the poor if you put extra tax

:18:14. > :18:16.help the poor if you put extra tax on the rich and cut the benefits of

:18:16. > :18:17.on the rich and cut the benefits of on the rich and cut the benefits of

:18:17. > :18:18.on the rich and cut the benefits of the poor? What I said our starting

:18:18. > :18:19.the poor? What I said our starting the poor? What I said our starting

:18:19. > :18:20.the poor? What I said our starting point as a Government should not be

:18:20. > :18:21.point as a Government should not be point as a Government should not be

:18:21. > :18:23.point as a Government should not be that we are going to balance the

:18:23. > :18:24.that we are going to balance the that we are going to balance the

:18:24. > :18:26.nation's books by making the nation's books by making the

:18:26. > :18:27.nation's books by making the poorest in society pay a

:18:28. > :18:29.poorest in society pay a poorest in society pay a

:18:29. > :18:30.disproportionate share of the cost disproportionate share of the cost

:18:30. > :18:30.disproportionate share of the cost of balancing the books. We should

:18:30. > :18:32.of balancing the books. We should of balancing the books. We should

:18:32. > :18:33.start off with the rich nest start off with the rich nest

:18:33. > :18:35.start off with the rich nest society. Those with the broadest

:18:35. > :18:35.society. Those with the broadest society. Those with the broadest

:18:35. > :18:37.society. Those with the broadest shoulders. Then you will go and get

:18:37. > :18:39.shoulders. Then you will go and get shoulders. Then you will go and get

:18:39. > :18:42.some from the poor, correct? Perhaps so.

:18:42. > :18:43.Perhaps so. Perhaps so.

:18:43. > :18:44.I don't understand the logic of I don't understand the logic of

:18:44. > :18:45.I don't understand the logic of I don't understand the logic of

:18:45. > :18:49.that. It is all right to hurt the that. It is all right to hurt the

:18:49. > :18:50.that. It is all right to hurt the poor as long as you are hurting the

:18:50. > :18:50.poor as long as you are hurting the poor as long as you are hurting the

:18:50. > :18:52.rich? Well, that's your position? rich? Well, that's your position?

:18:52. > :18:52.rich? Well, that's your position? rich? Well, that's your position?

:18:52. > :18:53.It is never all right to hurt the It is never all right to hurt the

:18:53. > :18:56.It is never all right to hurt the poor, but there is scope for

:18:56. > :18:57.poor, but there is scope for poor, but there is scope for

:18:57. > :18:57.further reform of the welfare further reform of the welfare

:18:57. > :18:59.further reform of the welfare budget. We have made changes

:18:59. > :19:00.budget. We have made changes budget. We have made changes

:19:00. > :19:03.budget. We have made changes already and they need to be bedded

:19:03. > :19:05.already and they need to be bedded already and they need to be bedded

:19:05. > :19:08.already and they need to be bedded in. There are things we could, a

:19:08. > :19:09.in. There are things we could, a in. There are things we could, a

:19:09. > :19:11.levy on properties over �1 million levy on properties over �1 million

:19:11. > :19:13.levy on properties over �1 million is a good place to start.

:19:13. > :19:14.is a good place to start. is a good place to start.

:19:14. > :19:15.is a good place to start. I don't think we support a mansion

:19:15. > :19:17.I don't think we support a mansion I don't think we support a mansion

:19:17. > :19:18.I don't think we support a mansion tax. I don't think it was in the

:19:18. > :19:18.tax. I don't think it was in the tax. I don't think it was in the

:19:18. > :19:19.coalition agreement that we were coalition agreement that we were

:19:19. > :19:20.coalition agreement that we were coalition agreement that we were

:19:20. > :19:20.going to have a mansion tax. If going to have a mansion tax. If

:19:20. > :19:21.going to have a mansion tax. If going to have a mansion tax. If

:19:21. > :19:23.they are going to put forward a new they are going to put forward a new

:19:23. > :19:24.they are going to put forward a new policy for the next coalition.

:19:24. > :19:25.policy for the next coalition. policy for the next coalition.

:19:25. > :19:27.policy for the next coalition. Where will you get the cuts from?

:19:27. > :19:28.Where will you get the cuts from? Where will you get the cuts from?

:19:28. > :19:30.Where will you get the cuts from? Where will you get the cuts from?

:19:30. > :19:31.You look at DCMS and you look at a You look at DCMS and you look at a

:19:32. > :19:32.You look at DCMS and you look at a model department which reduced its

:19:33. > :19:34.model department which reduced its model department which reduced its

:19:34. > :19:36.model department which reduced its spending and we are moving out of

:19:36. > :19:38.spending and we are moving out of the enormous building.

:19:38. > :19:39.the enormous building. the enormous building.

:19:39. > :19:40.This is the Department of Culture, This is the Department of Culture,

:19:40. > :19:41.media and sport. media and sport.

:19:41. > :19:45.media and sport. I didn't think it needed an

:19:45. > :19:48.I didn't think it needed an introduction. We reduced our

:19:48. > :19:50.overheads. overheads.

:19:50. > :19:51.overheads. overheads.

:19:51. > :19:53.I think Francis Maude is the untold I think Francis Maude is the untold

:19:53. > :19:54.I think Francis Maude is the untold story. When we came into Government,

:19:54. > :19:56.story. When we came into Government, story. When we came into Government,

:19:56. > :19:57.story. When we came into Government, we didn't know who our top ten

:19:57. > :19:58.we didn't know who our top ten we didn't know who our top ten

:19:58. > :19:59.suppliers were. Francis saved �5 suppliers were. Francis saved �5

:19:59. > :20:01.suppliers were. Francis saved �5 billion without breaking a sweat.

:20:01. > :20:03.billion without breaking a sweat. billion without breaking a sweat.

:20:03. > :20:05.Not in your department. What's your Not in your department. What's your

:20:05. > :20:07.Not in your department. What's your department's budget? It is a few

:20:07. > :20:10.billion quid. billion quid.

:20:10. > :20:11.billion quid. billion quid.

:20:11. > :20:12.That's a saving of a couple of That's a saving of a couple of

:20:12. > :20:14.billion straight awasmt nobody billion straight awasmt nobody

:20:14. > :20:16.billion straight awasmt nobody would -- away. Nobody would notice

:20:16. > :20:17.would -- away. Nobody would notice would -- away. Nobody would notice

:20:17. > :20:20.if your department disappeared? if your department disappeared?

:20:20. > :20:22.if your department disappeared? minute you read a leaflet where

:20:22. > :20:24.minute you read a leaflet where minute you read a leaflet where

:20:24. > :20:27.minute you read a leaflet where somebody is setting out how we will

:20:27. > :20:28.somebody is setting out how we will somebody is setting out how we will

:20:28. > :20:31.save money. Clearly, you are save money. Clearly, you are

:20:32. > :20:33.save money. Clearly, you are dealing with someone who is

:20:33. > :20:38.economically illiterate. economically illiterate.

:20:38. > :20:41.economically illiterate. A Government minister is calling

:20:41. > :20:43.A Government minister is calling A Government minister is calling

:20:43. > :20:44.the Institute of Economic affairs the Institute of Economic affairs

:20:44. > :20:44.the Institute of Economic affairs illiterate For a few hundred

:20:45. > :20:46.illiterate For a few hundred illiterate For a few hundred

:20:46. > :20:47.million you get the world's best million you get the world's best

:20:47. > :20:49.million you get the world's best museums and the world's best arts

:20:49. > :20:51.museums and the world's best arts museums and the world's best arts

:20:51. > :20:54.organisations. You get for a tiny organisations. You get for a tiny

:20:54. > :20:56.department, delivering a world- department, delivering a world-

:20:56. > :21:02.class Olympics delivering broadband class Olympics delivering broadband

:21:02. > :21:02.class Olympics delivering broadband class Olympics delivering broadband

:21:02. > :21:03.class Olympics delivering broadband though?. Is it thanks to you that I

:21:03. > :21:03.though?. Is it thanks to you that I though?. Is it thanks to you that I

:21:03. > :21:04.though?. Is it thanks to you that I have got broadband? Is it thanks to

:21:04. > :21:06.have got broadband? Is it thanks to have got broadband? Is it thanks to

:21:06. > :21:08.have got broadband? Is it thanks to you that I have got broadband? I

:21:08. > :21:11.you that I have got broadband? I you that I have got broadband? I

:21:11. > :21:13.you that I have got broadband? I thought it was thanks to Al Gore.

:21:13. > :21:14.thought it was thanks to Al Gore. thought it was thanks to Al Gore.

:21:14. > :21:18.thought it was thanks to Al Gore. He did invent the internet, you are

:21:18. > :21:20.right. right.

:21:21. > :21:22.right. right.

:21:22. > :21:23.I think it is interesting we have I think it is interesting we have

:21:23. > :21:24.I think it is interesting we have got Theresa May and Philip Hammond,

:21:24. > :21:26.got Theresa May and Philip Hammond, got Theresa May and Philip Hammond,

:21:26. > :21:28.got Theresa May and Philip Hammond, David Cameron seems to have a kind

:21:28. > :21:29.David Cameron seems to have a kind of leadership, pretend leadership

:21:30. > :21:30.of leadership, pretend leadership of leadership, pretend leadership

:21:30. > :21:32.challenge almost every other week. challenge almost every other week.

:21:32. > :21:33.challenge almost every other week. There is a suggestion they maybe

:21:33. > :21:36.There is a suggestion they maybe working working together.

:21:36. > :21:38.working working together. working working together.

:21:39. > :21:44.working working together. Who? Theresa May and Philip Ham ond.

:21:44. > :21:44.Who? Theresa May and Philip Ham ond. Who? Theresa May and Philip Ham ond.

:21:44. > :21:45.Who? Theresa May and Philip Ham ond. Who -- -- Hammond. Who knows. Well,

:21:45. > :21:46.Who -- -- Hammond. Who knows. Well, Who -- -- Hammond. Who knows. Well,

:21:46. > :21:47.Who -- -- Hammond. Who knows. Well, what we have said is we have got,

:21:47. > :21:48.what we have said is we have got, what we have said is we have got,

:21:48. > :21:50.what we have said is we have got, you know, I mean George Osborne has

:21:50. > :21:51.you know, I mean George Osborne has you know, I mean George Osborne has

:21:51. > :21:52.you know, I mean George Osborne has got a Budget coming up and if it

:21:52. > :21:54.got a Budget coming up and if it got a Budget coming up and if it

:21:54. > :21:57.got a Budget coming up and if it goes off OK, there will be sobs of

:21:57. > :21:59.goes off OK, there will be sobs of goes off OK, there will be sobs of

:21:59. > :22:00.relief across Government. Given the relief across Government. Given the

:22:00. > :22:02.relief across Government. Given the leaks from the Liberal Democrats of

:22:02. > :22:03.leaks from the Liberal Democrats of leaks from the Liberal Democrats of

:22:03. > :22:08.leaks from the Liberal Democrats of last year's Budget. It con be any

:22:08. > :22:09.last year's Budget. It con be any last year's Budget. It con be any

:22:09. > :22:11.worse, the pasty pasty tax, the worse, the pasty pasty tax, the

:22:11. > :22:12.worse, the pasty pasty tax, the worse, the pasty pasty tax, the

:22:12. > :22:13.granny tax. I am having my little granny tax. I am having my little

:22:13. > :22:16.granny tax. I am having my little granny tax. I am having my little

:22:16. > :22:17.say which is I think on the big say which is I think on the big

:22:17. > :22:19.say which is I think on the big issues Ed Miliband is showing a

:22:19. > :22:19.issues Ed Miliband is showing a mass massive leadership challenge

:22:19. > :22:20.mass massive leadership challenge mass massive leadership challenge

:22:20. > :22:21.mass massive leadership challenge to the Government and we will be

:22:21. > :22:23.to the Government and we will be to the Government and we will be

:22:23. > :22:24.talking about that after PMQs. talking about that after PMQs.

:22:24. > :22:25.talking about that after PMQs. talking about that after PMQs.

:22:25. > :22:26.This isn't about the Budget, is it? This isn't about the Budget, is it?

:22:26. > :22:28.This isn't about the Budget, is it? This is about the Spending Review.

:22:28. > :22:30.This is about the Spending Review. This is about the Spending Review.

:22:30. > :22:31.To mark our viewers cards, my To mark our viewers cards, my

:22:31. > :22:32.To mark our viewers cards, my understanding is that the current

:22:32. > :22:32.understanding is that the current understanding is that the current

:22:32. > :22:36.understanding is that the current spending takes us up to the end of

:22:36. > :22:38.spending takes us up to the end of spending takes us up to the end of

:22:38. > :22:39.the fiscal year 2015 and because the fiscal year 2015 and because

:22:39. > :22:40.the fiscal year 2015 and because the fiscal year 2015 and because

:22:40. > :22:42.the next year goes into for a month the next year goes into for a month

:22:42. > :22:43.the next year goes into for a month the next year goes into for a month

:22:43. > :22:44.or two before, when the election is, or two before, when the election is,

:22:44. > :22:45.or two before, when the election is, that the Spending Review has to

:22:45. > :22:47.that the Spending Review has to that the Spending Review has to

:22:47. > :22:48.that the Spending Review has to look at what spending will be in

:22:48. > :22:50.look at what spending will be in look at what spending will be in

:22:50. > :22:52.2015/16. That's all we are talking 2015/16. That's all we are talking

:22:52. > :22:54.2015/16. That's all we are talking 2015/16. That's all we are talking

:22:54. > :22:56.about, isn't it? It is not a three about, isn't it? It is not a three

:22:56. > :22:57.about, isn't it? It is not a three about, isn't it? It is not a three

:22:57. > :22:59.or a five year Spending Review, it or a five year Spending Review, it

:22:59. > :23:02.or a five year Spending Review, it or a five year Spending Review, it

:23:02. > :23:03.is an extra year? We are going to is an extra year? We are going to

:23:03. > :23:04.is an extra year? We are going to have to agree the spending envelope.

:23:04. > :23:05.have to agree the spending envelope. have to agree the spending envelope.

:23:05. > :23:06.have to agree the spending envelope. It will be hard to agree on detail

:23:06. > :23:06.It will be hard to agree on detail It will be hard to agree on detail

:23:06. > :23:08.It will be hard to agree on detail because that should be a subject of

:23:08. > :23:09.debate. debate.

:23:09. > :23:10.debate. Why don't you roll existing

:23:10. > :23:11.Why don't you roll existing Why don't you roll existing

:23:11. > :23:13.spending forward for a month until spending forward for a month until

:23:14. > :23:15.spending forward for a month until you have an election? Possibly, the

:23:15. > :23:17.you have an election? Possibly, the Treasury might do that.

:23:17. > :23:19.Treasury might do that. Treasury might do that.

:23:19. > :23:22.Treasury might do that. Oh, you have been thinking. I have.

:23:22. > :23:23.Oh, you have been thinking. I have. Oh, you have been thinking. I have.

:23:23. > :23:25.Oh, you have been thinking. I have. It is bonkers that we pay some

:23:25. > :23:27.It is bonkers that we pay some universal benefits to rich

:23:27. > :23:29.universal benefits to rich universal benefits to rich

:23:29. > :23:30.pensioners. Why should the Duke of pensioners. Why should the Duke of

:23:30. > :23:31.pensioners. Why should the Duke of pensioners. Why should the Duke of

:23:31. > :23:32.bu fort, the richest man in Greater bu fort, the richest man in Greater

:23:33. > :23:35.bu fort, the richest man in Greater Bristol get the winter fuel

:23:35. > :23:45.Bristol get the winter fuel Bristol get the winter fuel

:23:45. > :23:46.

:23:46. > :23:48.allowance? That's the only reason... allowance? That's the only reason...

:23:48. > :23:50.allowance? That's the only reason... allowance? That's the only reason...

:23:50. > :23:51.Ed Vaizey The issue that neither of Ed Vaizey The issue that neither of

:23:51. > :23:53.Ed Vaizey The issue that neither of you, with the economy flat lining,

:23:53. > :23:55.you, with the economy flat lining, you, with the economy flat lining,

:23:55. > :23:57.you, with the economy flat lining, neither of you are able to pay down

:23:57. > :24:00.neither of you are able to pay down neither of you are able to pay down

:24:00. > :24:02.the debt. You are borrowing more the debt. You are borrowing more

:24:02. > :24:02.the debt. You are borrowing more than you predicted because whatever

:24:02. > :24:04.than you predicted because whatever than you predicted because whatever

:24:04. > :24:05.than you predicted because whatever you have done has not worked. The

:24:05. > :24:06.you have done has not worked. The you have done has not worked. The

:24:06. > :24:08.you have done has not worked. The debt is growing and the deficit is

:24:08. > :24:09.debt is growing and the deficit is debt is growing and the deficit is

:24:09. > :24:15.increasing and... The deficit is increasing and... The deficit is

:24:15. > :24:16.increasing and... The deficit is increasing and... The deficit is

:24:16. > :24:16.not increasing, but the debt is. not increasing, but the debt is.

:24:16. > :24:17.not increasing, but the debt is. not increasing, but the debt is.

:24:17. > :24:18.is on track to be at the moment. is on track to be at the moment.

:24:18. > :24:20.is on track to be at the moment. is on track to be at the moment.

:24:20. > :24:21.What you are doing is borrowing to What you are doing is borrowing to

:24:21. > :24:22.What you are doing is borrowing to What you are doing is borrowing to

:24:22. > :24:24.keep people on benefits and on the keep people on benefits and on the

:24:24. > :24:25.keep people on benefits and on the keep people on benefits and on the

:24:25. > :24:26.dole. We want to see borrowing to dole. We want to see borrowing to

:24:26. > :24:27.dole. We want to see borrowing to dole. We want to see borrowing to

:24:27. > :24:29.keep people, but it is because of keep people, but it is because of

:24:29. > :24:29.under employment and part-time under employment and part-time

:24:29. > :24:30.under employment and part-time employment and people saying they

:24:30. > :24:32.employment and people saying they employment and people saying they

:24:32. > :24:33.are self-employed. People will do are self-employed. People will do

:24:33. > :24:34.are self-employed. People will do anything not to say they are

:24:35. > :24:35.anything not to say they are anything not to say they are

:24:35. > :24:37.anything not to say they are unemployed. We have run out of time.

:24:37. > :24:38.unemployed. We have run out of time. unemployed. We have run out of time.

:24:38. > :24:39.unemployed. We have run out of time. I am sorry, I know you were, but

:24:39. > :24:40.I am sorry, I know you were, but I am sorry, I know you were, but

:24:40. > :24:45.I am sorry, I know you were, but you were a slow starter if I may

:24:45. > :24:45.say so. say so.

:24:45. > :24:47.say so. say so.

:24:47. > :24:48.Thank you. Now Jo, it is time to Thank you. Now Jo, it is time to

:24:48. > :24:50.get entertaining. Debrett's have get entertaining. Debrett's have

:24:50. > :24:54.get entertaining. Debrett's have issued new guidelines for those too

:24:54. > :24:56.issued new guidelines for those too issued new guidelines for those too

:24:56. > :24:57.issued new guidelines for those too issued new guidelines for those too

:24:57. > :24:58.biz yu too busy to rustle up a meal, biz yu too busy to rustle up a meal,

:24:58. > :25:03.biz yu too busy to rustle up a meal, biz yu too busy to rustle up a meal,

:25:03. > :25:05.it is acceptable to serve them a it is acceptable to serve them a

:25:05. > :25:07.it is acceptable to serve them a take take keep away -- takeaway.

:25:07. > :25:08.take take keep away -- takeaway. take take keep away -- takeaway.

:25:08. > :25:10.take take keep away -- takeaway. We don't have a takeaway for you,

:25:10. > :25:11.We don't have a takeaway for you, We don't have a takeaway for you,

:25:11. > :25:12.but we have something for sought but we have something for sought

:25:12. > :25:14.but we have something for sought after, we have the Daily Politics

:25:14. > :25:15.mug! mug!

:25:15. > :25:17.mug! According to Debrett's it should be

:25:17. > :25:19.According to Debrett's it should be According to Debrett's it should be

:25:19. > :25:21.According to Debrett's it should be a cup and saucer and we should be

:25:21. > :25:22.a cup and saucer and we should be a cup and saucer and we should be

:25:22. > :25:25.holding the handle of the teacup holding the handle of the teacup

:25:25. > :25:27.holding the handle of the teacup between the thumb and forefinger

:25:27. > :25:29.between the thumb and forefinger between the thumb and forefinger

:25:29. > :25:30.and no little finger, Jo. and no little finger, Jo.

:25:30. > :25:31.and no little finger, Jo. Thank you for that etiquette.

:25:31. > :25:33.Thank you for that etiquette. Thank you for that etiquette.

:25:33. > :25:34.Thank you for that etiquette. Someone has to be posh amongst us!

:25:34. > :25:35.Someone has to be posh amongst us! Someone has to be posh amongst us!

:25:35. > :25:37.Someone has to be posh amongst us! If you want to get your hands on

:25:37. > :25:38.If you want to get your hands on If you want to get your hands on

:25:38. > :25:39.If you want to get your hands on one of the mugs, that is. You have

:25:39. > :25:41.one of the mugs, that is. You have one of the mugs, that is. You have

:25:41. > :25:42.to enter our competition. First, to enter our competition. First,

:25:42. > :25:52.to enter our competition. First, to enter our competition. First,

:25:52. > :26:21.

:26:21. > :26:22.let's see if you can remember when # I want to rock with you

:26:22. > :26:25.# I want to rock with you # All night

:26:25. > :26:26.# All night # All night

:26:26. > :26:32.# All night # I'm going to rock the night away

:26:32. > :26:33.# Don't stop me, I'm having such a good time

:26:33. > :26:34.good time good time

:26:34. > :26:36.# I'm having a ball # I'm having a ball

:26:36. > :26:37.# I'm having a ball # Don't stop me now

:26:37. > :26:38.# Don't stop me now # Don't stop me now

:26:38. > :26:39.# Don't stop me now # Don't stop me now

:26:39. > :26:40.# # If you want to have a good time, # # If you want to have a good time,

:26:40. > :26:41.# # If you want to have a good time, just give me a call

:26:41. > :26:43.just give me a call just give me a call

:26:43. > :26:45.# Don't stop me now # Don't stop me now

:26:45. > :26:47.# Don't stop me now # Don't stop me now

:26:48. > :26:48.# Don't stop me now # Don't stop me now

:26:48. > :26:50.# Don't stop me now # I'm having a good time, I don't

:26:50. > :27:00.# I'm having a good time, I don't # I'm having a good time, I don't

:27:00. > :27:01.

:27:01. > :27:03.I think that over the longer term I think that over the longer term

:27:03. > :27:13.I think that over the longer term I think that over the longer term

:27:13. > :27:18.

:27:18. > :27:19.this will be seen to have been a And to be in with a chance of

:27:19. > :27:20.And to be in with a chance of And to be in with a chance of

:27:20. > :27:24.winning a Daily Politics mug, send winning a Daily Politics mug, send

:27:24. > :27:25.winning a Daily Politics mug, send your answer to our special quiz

:27:25. > :27:26.your answer to our special quiz your answer to our special quiz

:27:26. > :27:28.quiz e-mail address. You can see quiz e-mail address. You can see

:27:28. > :27:29.quiz e-mail address. You can see the terms and conditions for Guess

:27:29. > :27:33.the terms and conditions for Guess the terms and conditions for Guess

:27:33. > :27:34.The Year on our website. The Year on our website.

:27:34. > :27:35.The Year on our website. The Year on our website.

:27:35. > :27:37.Nobody will do that! Nobody will do Nobody will do that! Nobody will do

:27:37. > :27:39.that! People might. that! People might.

:27:39. > :27:41.We have read them. We have read them.

:27:41. > :27:42.We have read them. We have read them.

:27:42. > :27:43.It is coming up to midday. Let's It is coming up to midday. Let's

:27:43. > :27:44.It is coming up to midday. Let's It is coming up to midday. Let's

:27:44. > :27:45.look at Big Ben. Who needs to look at Big Ben. Who needs to

:27:46. > :27:47.look at Big Ben. Who needs to consult the small print for that?

:27:47. > :27:48.consult the small print for that? consult the small print for that?

:27:48. > :27:49.consult the small print for that? When we see that clock, we see that

:27:49. > :27:50.When we see that clock, we see that When we see that clock, we see that

:27:50. > :27:51.Prime Minister's Questions is on Prime Minister's Questions is on

:27:51. > :27:52.Prime Minister's Questions is on Prime Minister's Questions is on

:27:52. > :27:55.its way and it means that Nick its way and it means that Nick

:27:55. > :27:56.its way and it means that Nick Robinson is not travelling with the

:27:56. > :27:57.Robinson is not travelling with the Robinson is not travelling with the

:27:57. > :27:59.Robinson is not travelling with the the Prime Minister and is in the

:27:59. > :28:00.the Prime Minister and is in the the Prime Minister and is in the

:28:00. > :28:02.the Prime Minister and is in the studio. I I thought I would read

:28:02. > :28:02.studio. I I thought I would read studio. I I thought I would read

:28:02. > :28:04.those terms and conditions. those terms and conditions.

:28:04. > :28:06.those terms and conditions. viewing figures are doing well.

:28:06. > :28:07.viewing figures are doing well. viewing figures are doing well.

:28:07. > :28:08.viewing figures are doing well. They are up. Record viewers. We are

:28:08. > :28:12.They are up. Record viewers. We are They are up. Record viewers. We are

:28:12. > :28:14.They are up. Record viewers. We are up to three, I think! The first

:28:14. > :28:15.up to three, I think! The first up to three, I think! The first

:28:15. > :28:17.PMQs after Eastleigh, how does Mr PMQs after Eastleigh, how does Mr

:28:17. > :28:18.PMQs after Eastleigh, how does Mr PMQs after Eastleigh, how does Mr

:28:19. > :28:19.Miliband play it? It is the first Miliband play it? It is the first

:28:19. > :28:22.Miliband play it? It is the first Miliband play it? It is the first

:28:22. > :28:24.after Eastleigh, but we are in the after Eastleigh, but we are in the

:28:24. > :28:25.after Eastleigh, but we are in the after Eastleigh, but we are in the

:28:25. > :28:26.run-up to the to the Budget. With run-up to the to the Budget. With

:28:26. > :28:28.run-up to the to the Budget. With this row going on about bankers

:28:28. > :28:29.this row going on about bankers bonuses, that's a possibility

:28:29. > :28:30.bonuses, that's a possibility bonuses, that's a possibility

:28:30. > :28:31.because what we have seen Ed because what we have seen Ed

:28:31. > :28:32.because what we have seen Ed because what we have seen Ed

:28:32. > :28:33.Miliband do week in and week out is Miliband do week in and week out is

:28:33. > :28:35.Miliband do week in and week out is Miliband do week in and week out is

:28:35. > :28:35.try and compare what he says is a try and compare what he says is a

:28:35. > :28:37.try and compare what he says is a give away to millionaires with

:28:37. > :28:38.give away to millionaires with give away to millionaires with

:28:38. > :28:40.whatever is in the news, things whatever is in the news, things

:28:40. > :28:41.whatever is in the news, things like what Labour call the bedroom

:28:41. > :28:43.like what Labour call the bedroom like what Labour call the bedroom

:28:43. > :28:45.tax and the Government don't call tax and the Government don't call

:28:45. > :28:46.tax and the Government don't call tax and the Government don't call

:28:46. > :28:47.it that. He will look for thor it that. He will look for thor

:28:47. > :28:48.it that. He will look for thor theme -- another theme about whose

:28:48. > :28:50.theme -- another theme about whose theme -- another theme about whose

:28:50. > :28:52.theme -- another theme about whose side are you really on? The the NHS

:28:53. > :28:53.side are you really on? The the NHS side are you really on? The the NHS

:28:53. > :28:54.has been around, but that's my has been around, but that's my

:28:54. > :28:55.has been around, but that's my has been around, but that's my

:28:55. > :28:56.instinct that he wants to invest in instinct that he wants to invest in

:28:56. > :28:57.instinct that he wants to invest in instinct that he wants to invest in

:28:57. > :28:58.a story about the economy ahead of a story about the economy ahead of

:28:58. > :28:59.a story about the economy ahead of a story about the economy ahead of

:28:59. > :29:00.the Budget and ahead also of the the Budget and ahead also of the

:29:00. > :29:01.the Budget and ahead also of the the Budget and ahead also of the

:29:01. > :29:02.day in which the cut in the top day in which the cut in the top

:29:02. > :29:04.day in which the cut in the top day in which the cut in the top

:29:04. > :29:07.rate of tax comes on 1st April. rate of tax comes on 1st April.

:29:07. > :29:08.rate of tax comes on 1st April. rate of tax comes on 1st April.

:29:08. > :29:09.rate of tax comes on 1st April. It goes down from 50 to 45 We have

:29:09. > :29:11.It goes down from 50 to 45 We have It goes down from 50 to 45 We have

:29:11. > :29:13.been talking about it, but it been talking about it, but it

:29:13. > :29:14.been talking about it, but it hasn't happened! It happens then.

:29:14. > :29:16.hasn't happened! It happens then. hasn't happened! It happens then.

:29:16. > :29:17.hasn't happened! It happens then. must check what I have been paying!

:29:17. > :29:27.LAUGHTER LAUGHTER

:29:27. > :29:30.

:29:30. > :29:31.Yes, Andrew. Yes. LAUGHTER

:29:31. > :29:31.LAUGHTER LAUGHTER

:29:32. > :29:32.LAUGHTER It is the same in the Cayman

:29:32. > :29:33.Islands! Islands!

:29:34. > :29:35.It stayed the same. It stayed the same.

:29:35. > :29:37.It stayed the same. It stayed the same.

:29:37. > :29:39.I think that's where I last saw you. I think that's where I last saw you.

:29:39. > :29:41.I think that's where I last saw you. We have been surprised that the

:29:41. > :29:43.We have been surprised that the internal Tory reaction after

:29:43. > :29:44.internal Tory reaction after internal Tory reaction after

:29:44. > :29:45.Eastleigh wasn't that volcanic, it Eastleigh wasn't that volcanic, it

:29:45. > :29:47.Eastleigh wasn't that volcanic, it Eastleigh wasn't that volcanic, it

:29:47. > :29:47.was muted, but I was told over the was muted, but I was told over the

:29:47. > :29:48.was muted, but I was told over the weekend that's because they are

:29:48. > :29:50.weekend that's because they are weekend that's because they are

:29:50. > :29:51.waiting to see what the Chancellor waiting to see what the Chancellor

:29:51. > :29:54.waiting to see what the Chancellor waiting to see what the Chancellor

:29:54. > :30:01.may may deliver in the Budget and may may deliver in the Budget and

:30:01. > :30:02.may may deliver in the Budget and if the Budget Budget disappoints...

:30:03. > :30:03.if the Budget Budget disappoints... if the Budget Budget disappoints...

:30:03. > :30:05.if the Budget Budget disappoints... You can go into the House of

:30:05. > :30:07.You can go into the House of You can go into the House of

:30:07. > :30:08.Commons without some Tory MPs who Commons without some Tory MPs who

:30:08. > :30:09.are disaffected with Cameron are disaffected with Cameron

:30:09. > :30:10.are disaffected with Cameron are disaffected with Cameron

:30:10. > :30:11.because they had a job and lost it because they had a job and lost it

:30:11. > :30:12.because they had a job and lost it because of the coalition and never

:30:12. > :30:13.because of the coalition and never because of the coalition and never

:30:13. > :30:14.because of the coalition and never got a job because the coalition and

:30:14. > :30:15.got a job because the coalition and got a job because the coalition and

:30:15. > :30:16.got a job because the coalition and look at the polls of the economy.

:30:16. > :30:17.look at the polls of the economy. look at the polls of the economy.

:30:17. > :30:19.These people will sit round and These people will sit round and

:30:19. > :30:19.These people will sit round and These people will sit round and

:30:19. > :30:20.tell you why next week is the tell you why next week is the

:30:20. > :30:21.tell you why next week is the tell you why next week is the

:30:21. > :30:23.moment there will be a revolt. I am moment there will be a revolt. I am

:30:23. > :30:24.moment there will be a revolt. I am a sceptic about this. The

:30:24. > :30:25.a sceptic about this. The a sceptic about this. The

:30:25. > :30:27.suggestion that a moment will come suggestion that a moment will come

:30:27. > :30:29.suggestion that a moment will come at which they either remove the

:30:29. > :30:30.at which they either remove the at which they either remove the

:30:30. > :30:31.at which they either remove the party leader and I have said what

:30:31. > :30:31.party leader and I have said what party leader and I have said what

:30:31. > :30:32.party leader and I have said what do you think Nick Clegg will sit

:30:32. > :30:33.do you think Nick Clegg will sit do you think Nick Clegg will sit

:30:33. > :30:34.do you think Nick Clegg will sit there while you have an eight week

:30:34. > :30:35.there while you have an eight week there while you have an eight week

:30:35. > :30:36.there while you have an eight week debate about who should be the next

:30:36. > :30:37.debate about who should be the next debate about who should be the next

:30:37. > :30:40.Prime Minister and you think that Prime Minister and you think that

:30:40. > :30:41.Prime Minister and you think that Prime Minister and you think that

:30:41. > :30:42.Nick Clegg will sit there and allow Nick Clegg will sit there and allow

:30:42. > :30:44.Nick Clegg will sit there and allow you, the Conservative Party, to

:30:44. > :30:45.you, the Conservative Party, to you, the Conservative Party, to

:30:45. > :30:46.have an argument argument about who have an argument argument about who

:30:46. > :30:46.have an argument argument about who have an argument argument about who

:30:46. > :30:48.your Prime Minister is. It is a your Prime Minister is. It is a

:30:48. > :30:49.your Prime Minister is. It is a your Prime Minister is. It is a

:30:49. > :30:50.sign of the level of anger that sign of the level of anger that

:30:50. > :30:51.sign of the level of anger that normally sensible people will sit

:30:51. > :30:53.normally sensible people will sit normally sensible people will sit

:30:53. > :30:54.normally sensible people will sit with you at lengths and talk about

:30:54. > :30:55.with you at lengths and talk about with you at lengths and talk about

:30:55. > :31:00.with you at lengths and talk about -- length and talk to you about

:31:00. > :31:02.-- length and talk to you about -- length and talk to you about

:31:02. > :31:02.changing their Prime Minister. changing their Prime Minister.

:31:03. > :31:05.changing their Prime Minister. Come ron leads the Conservatives

:31:05. > :31:06.Come ron leads the Conservatives Come ron leads the Conservatives

:31:06. > :31:07.into the next election and secondly, into the next election and secondly,

:31:07. > :31:11.into the next election and secondly, into the next election and secondly,

:31:11. > :31:12.if as a result of that election, Mr if as a result of that election, Mr

:31:12. > :31:13.Miliband forms a majority Miliband forms a majority

:31:13. > :31:15.Miliband forms a majority Government, Mr Cameron will be gone

:31:15. > :31:16.Government, Mr Cameron will be gone in 60 seconds.

:31:16. > :31:17.in 60 seconds. in 60 seconds.

:31:17. > :31:18.in 60 seconds. in 60 seconds.

:31:18. > :31:18.I am with you on that and it is I am with you on that and it is

:31:19. > :31:19.I am with you on that and it is unlikely that George Osborne will

:31:19. > :31:21.unlikely that George Osborne will unlikely that George Osborne will

:31:21. > :31:22.not be chancellor by the next not be chancellor by the next

:31:22. > :31:23.not be chancellor by the next election. It is possible, of course,

:31:23. > :31:24.election. It is possible, of course, election. It is possible, of course,

:31:24. > :31:25.something that we can't predict something that we can't predict

:31:25. > :31:27.something that we can't predict something that we can't predict

:31:27. > :31:28.will happen, but the plan would be will happen, but the plan would be

:31:28. > :31:29.will happen, but the plan would be will happen, but the plan would be

:31:29. > :31:30.he stays and Cameron stays and the he stays and Cameron stays and the

:31:30. > :31:31.he stays and Cameron stays and the central economic strategy stays and

:31:31. > :31:32.central economic strategy stays and central economic strategy stays and

:31:32. > :31:33.is unchanged and the Prime Minister is unchanged and the Prime Minister

:31:33. > :31:34.is unchanged and the Prime Minister is unchanged and the Prime Minister

:31:34. > :31:35.has got a big speech on the economy has got a big speech on the economy

:31:35. > :31:35.has got a big speech on the economy has got a big speech on the economy

:31:36. > :31:36.tomorrow. It is unusual for him to tomorrow. It is unusual for him to

:31:36. > :31:37.tomorrow. It is unusual for him to tomorrow. It is unusual for him to

:31:37. > :31:38.speak about the economy at all at speak about the economy at all at

:31:38. > :31:39.speak about the economy at all at speak about the economy at all at

:31:39. > :31:40.length and ahead of the Budget and length and ahead of the Budget and

:31:40. > :31:45.length and ahead of the Budget and length and ahead of the Budget and

:31:45. > :31:50.suggests to me he wants if you like suggests to me he wants if you like

:31:50. > :31:52.suggests to me he wants if you like to insull insulate his chance and

:31:52. > :31:53.to insull insulate his chance and says we stand together.

:31:53. > :31:54.says we stand together. says we stand together.

:31:54. > :31:56.says we stand together. The risk for the Chancellor is that

:31:56. > :31:58.The risk for the Chancellor is that The risk for the Chancellor is that

:31:58. > :32:00.The risk for the Chancellor is that he becomes a proxy for Mr Cameron,

:32:00. > :32:01.he becomes a proxy for Mr Cameron, he becomes a proxy for Mr Cameron,

:32:01. > :32:03.he becomes a proxy for Mr Cameron, you say say "we better not beat up

:32:03. > :32:05.you say say "we better not beat up you say say "we better not beat up

:32:05. > :32:08.you say say "we better not beat up on the leader. So let's get rid of

:32:08. > :32:08.on the leader. So let's get rid of on the leader. So let's get rid of

:32:08. > :32:10.Mr Osbourne." Take gay marriage, Mr Osbourne." Take gay marriage,

:32:11. > :32:12.Mr Osbourne." Take gay marriage, George Osborne is blamed for coming

:32:12. > :32:13.George Osborne is blamed for coming up with that idea.

:32:13. > :32:23.up with that idea. up with that idea.

:32:23. > :32:38.

:32:38. > :32:39.The bedroom tax is ill thought out The bedroom tax is ill thought out

:32:39. > :32:40.The bedroom tax is ill thought out and unfair. Thousands will have no

:32:40. > :32:40.and unfair. Thousands will have no and unfair. Thousands will have no

:32:40. > :32:42.and unfair. Thousands will have no choice but to cut back further on

:32:42. > :32:44.choice but to cut back further on choice but to cut back further on

:32:44. > :32:49.food and expenses. Will the prime food and expenses. Will the prime

:32:49. > :32:50.food and expenses. Will the prime Minister drop this callous policy?

:32:50. > :32:51.Minister drop this callous policy? Minister drop this callous policy?

:32:51. > :32:57.Minister drop this callous policy? Let's be clear that this is not a

:32:57. > :32:57.Let's be clear that this is not a Let's be clear that this is not a

:32:57. > :32:59.Let's be clear that this is not a tax. Let me explain to the Labour

:32:59. > :33:00.tax. Let me explain to the Labour tax. Let me explain to the Labour

:33:00. > :33:01.tax. Let me explain to the Labour Party. A tax is when you earn some

:33:01. > :33:02.Party. A tax is when you earn some Party. A tax is when you earn some

:33:02. > :33:05.money, the government takes some of money, the government takes some of

:33:05. > :33:05.money, the government takes some of money, the government takes some of

:33:05. > :33:06.that money away from you. After they that money away from you. After they

:33:06. > :33:07.that money away from you. After they tax. Only Labour could call a

:33:07. > :33:10.tax. Only Labour could call a tax. Only Labour could call a

:33:10. > :33:14.benefit reform a tax increase. benefit reform a tax increase.

:33:14. > :33:15.benefit reform a tax increase. Pensioners are exempt. People with

:33:15. > :33:15.Pensioners are exempt. People with Pensioners are exempt. People with

:33:15. > :33:16.disabled children are exempt. People disabled children are exempt. People

:33:16. > :33:22.disabled children are exempt. People who need round-the-clock care are

:33:22. > :33:22.who need round-the-clock care are who need round-the-clock care are

:33:22. > :33:23.exempt. Those categories are all exempt. Those categories are all

:33:23. > :33:24.exempt. Those categories are all exempt. Those categories are all

:33:24. > :33:25.exempt, but there is a basic issue exempt, but there is a basic issue

:33:25. > :33:27.exempt, but there is a basic issue exempt, but there is a basic issue

:33:27. > :33:27.of fairness. How can it be fair that of fairness. How can it be fair that

:33:27. > :33:30.of fairness. How can it be fair that people on housing benefit in private

:33:30. > :33:30.people on housing benefit in private people on housing benefit in private

:33:30. > :33:32.rented accommodation do not get a rented accommodation do not get a

:33:32. > :33:34.rented accommodation do not get a spare room subsidy, whereas people

:33:34. > :33:34.spare room subsidy, whereas people spare room subsidy, whereas people

:33:34. > :33:42.spare room subsidy, whereas people in social housing do? We are putting

:33:42. > :33:43.in social housing do? We are putting that right. Figures published

:33:43. > :33:44.that right. Figures published that right. Figures published

:33:44. > :33:46.yesterday showed that over the last yesterday showed that over the last

:33:46. > :33:46.yesterday showed that over the last 20 years, there has been 137%

:33:47. > :33:48.20 years, there has been 137% 20 years, there has been 137%

:33:48. > :33:49.increase in the number of deaths increase in the number of deaths

:33:49. > :33:50.increase in the number of deaths linked to our timers disease. Does

:33:50. > :33:52.linked to our timers disease. Does linked to our timers disease. Does

:33:52. > :33:55.the prime minister agreed that to the prime minister agreed that to

:33:55. > :33:56.the prime minister agreed that to stop this awful condition from

:33:56. > :33:57.stop this awful condition from stop this awful condition from

:33:57. > :34:00.affecting more people, we need to affecting more people, we need to

:34:00. > :34:01.affecting more people, we need to invest more in preventing this

:34:01. > :34:02.invest more in preventing this invest more in preventing this

:34:02. > :34:03.disease and in research? Will he disease and in research? Will he

:34:03. > :34:03.disease and in research? Will he outlined to the house what the

:34:03. > :34:07.outlined to the house what the outlined to the house what the

:34:07. > :34:08.government is doing to help support government is doing to help support

:34:08. > :34:10.government is doing to help support those with dementia and those who

:34:10. > :34:11.those with dementia and those who those with dementia and those who

:34:11. > :34:12.those with dementia and those who care for them? This is of concern to

:34:12. > :34:13.care for them? This is of concern to care for them? This is of concern to

:34:13. > :34:14.care for them? This is of concern to everyone in this house and in this

:34:14. > :34:15.everyone in this house and in this everyone in this house and in this

:34:15. > :34:16.country. No one knows when a country. No one knows when a

:34:16. > :34:19.country. No one knows when a relative could be afflicted by this

:34:19. > :34:20.relative could be afflicted by this relative could be afflicted by this

:34:20. > :34:21.condition. The point she makes is condition. The point she makes is

:34:21. > :34:22.condition. The point she makes is condition. The point she makes is

:34:22. > :34:23.right. This is a disease, and we right. This is a disease, and we

:34:23. > :34:24.right. This is a disease, and we right. This is a disease, and we

:34:24. > :34:25.should think about it as a disease should think about it as a disease

:34:25. > :34:26.should think about it as a disease should think about it as a disease

:34:26. > :34:29.in the wake we try and treat cancer in the wake we try and treat cancer

:34:29. > :34:29.in the wake we try and treat cancer in the wake we try and treat cancer

:34:29. > :34:30.or heart disease or strokes. That is or heart disease or strokes. That is

:34:30. > :34:31.or heart disease or strokes. That is why the government is increasing the

:34:31. > :34:32.why the government is increasing the why the government is increasing the

:34:32. > :34:34.money going into medical research so money going into medical research so

:34:34. > :34:36.money going into medical research so money going into medical research so

:34:36. > :34:37.that we can try and -- prevent that we can try and -- prevent

:34:37. > :34:38.that we can try and -- prevent dementia in more cases. But there

:34:38. > :34:39.dementia in more cases. But there dementia in more cases. But there

:34:39. > :34:40.dementia in more cases. But there are many things to do in terms of

:34:40. > :34:42.are many things to do in terms of are many things to do in terms of

:34:42. > :34:44.improving care in care homes and improving care in care homes and

:34:44. > :34:45.improving care in care homes and hospitals and making sure we have

:34:45. > :34:46.hospitals and making sure we have dementia friendly communities so

:34:46. > :34:47.dementia friendly communities so dementia friendly communities so

:34:47. > :34:49.dementia friendly communities so that we learn about how to help

:34:49. > :34:50.that we learn about how to help that we learn about how to help

:34:50. > :34:54.people with dementia lead productive people with dementia lead productive

:34:54. > :34:55.people with dementia lead productive people with dementia lead productive

:34:55. > :34:55.lives. Ed Miliband. I would like to lives. Ed Miliband. I would like to

:34:55. > :34:56.lives. Ed Miliband. I would like to ask the prime Minister about an

:34:56. > :34:58.ask the prime Minister about an ask the prime Minister about an

:34:59. > :34:59.individual case that has been raised individual case that has been raised

:34:59. > :35:00.individual case that has been raised individual case that has been raised

:35:00. > :35:01.with me. John works in East London with me. John works in East London

:35:01. > :35:02.with me. John works in East London and is worried about what is

:35:02. > :35:07.and is worried about what is and is worried about what is

:35:07. > :35:08.happening to his living standards. happening to his living standards.

:35:08. > :35:09.happening to his living standards. happening to his living standards.

:35:09. > :35:10.His salary is �1 million, and he is His salary is �1 million, and he is

:35:10. > :35:11.His salary is �1 million, and he is worried that under proposed EU

:35:11. > :35:13.worried that under proposed EU worried that under proposed EU

:35:13. > :35:16.regulations, his bonus may be capped regulations, his bonus may be capped

:35:16. > :35:17.regulations, his bonus may be capped regulations, his bonus may be capped

:35:17. > :35:18.at just �2 million. Can the prime at just �2 million. Can the prime

:35:18. > :35:26.at just �2 million. Can the prime at just �2 million. Can the prime

:35:26. > :35:27.Minister tell us what he will do for Minister tell us what he will do for

:35:27. > :35:28.Minister tell us what he will do for Minister tell us what he will do for

:35:28. > :35:30.John? What I would say to John and John? What I would say to John and

:35:30. > :35:30.John? What I would say to John and John? What I would say to John and

:35:30. > :35:31.everyone like him is that under this everyone like him is that under this

:35:31. > :35:33.everyone like him is that under this government, bonuses are one quarter

:35:33. > :35:34.government, bonuses are one quarter government, bonuses are one quarter

:35:34. > :35:35.government, bonuses are one quarter government, bonuses are one quarter

:35:35. > :35:36.of what they were when he was in the of what they were when he was in the

:35:36. > :35:38.of what they were when he was in the of what they were when he was in the

:35:38. > :35:39.Treasury. I will take lots of leg is Treasury. I will take lots of leg is

:35:39. > :35:40.Treasury. I will take lots of leg is Treasury. I will take lots of leg is

:35:40. > :35:41.from lots of people, but I don't from lots of people, but I don't

:35:41. > :35:41.from lots of people, but I don't from lots of people, but I don't

:35:41. > :35:42.have to listen to the croupier in have to listen to the croupier in

:35:42. > :35:52.have to listen to the croupier in have to listen to the croupier in

:35:52. > :35:54.

:35:54. > :35:55.the casino when it all went bust. the casino when it all went bust.

:35:55. > :35:56.the casino when it all went bust. Mister Speaker, I know the prime

:35:56. > :35:59.Mister Speaker, I know the prime Mister Speaker, I know the prime

:35:59. > :35:59.Minister doesn't want to deal with Minister doesn't want to deal with

:35:59. > :36:01.Minister doesn't want to deal with Minister doesn't want to deal with

:36:01. > :36:02.the fact, but he sent his Chancellor the fact, but he sent his Chancellor

:36:02. > :36:05.the fact, but he sent his Chancellor to Europe yesterday to argue against

:36:05. > :36:08.to Europe yesterday to argue against to Europe yesterday to argue against

:36:08. > :36:08.the bonus tax. He says, presumably the bonus tax. He says, presumably

:36:08. > :36:09.the bonus tax. He says, presumably the bonus tax. He says, presumably

:36:09. > :36:11.because he thinks it would be bad because he thinks it would be bad

:36:11. > :36:12.because he thinks it would be bad because he thinks it would be bad

:36:12. > :36:15.for the City of London. But who led for the City of London. But who led

:36:15. > :36:16.for the City of London. But who led the negotiations on the bonus cap?

:36:16. > :36:17.the negotiations on the bonus cap? the negotiations on the bonus cap?

:36:17. > :36:19.the negotiations on the bonus cap? It was a Conservative member of the

:36:19. > :36:20.It was a Conservative member of the It was a Conservative member of the

:36:20. > :36:20.European Parliament. She said, we European Parliament. She said, we

:36:20. > :36:22.European Parliament. She said, we European Parliament. She said, we

:36:22. > :36:23.have managed to produce a deal that have managed to produce a deal that

:36:23. > :36:25.have managed to produce a deal that will strike the right balance for

:36:25. > :36:28.will strike the right balance for will strike the right balance for

:36:28. > :36:29.the majority of bankers who take the majority of bankers who take

:36:29. > :36:30.the majority of bankers who take responsible decisions. Why are the

:36:30. > :36:31.responsible decisions. Why are the responsible decisions. Why are the

:36:31. > :36:32.prime minister and Chancellor the prime minister and Chancellor the

:36:32. > :36:33.prime minister and Chancellor the prime minister and Chancellor the

:36:34. > :36:34.only people who think it is a only people who think it is a

:36:34. > :36:37.only people who think it is a priority to fight for bigger for

:36:37. > :36:38.priority to fight for bigger for priority to fight for bigger for

:36:38. > :36:39.priority to fight for bigger for bankers? As ever, he is wrong. We

:36:39. > :36:42.bankers? As ever, he is wrong. We bankers? As ever, he is wrong. We

:36:42. > :36:43.bankers? As ever, he is wrong. We have some of the toughest rules on

:36:43. > :36:44.have some of the toughest rules on have some of the toughest rules on

:36:44. > :36:46.bonuses and the toughest rules on bonuses and the toughest rules on

:36:47. > :36:48.bonuses and the toughest rules on transparency of any major financial

:36:48. > :36:49.transparency of any major financial transparency of any major financial

:36:49. > :36:51.centre in the world. When the centre in the world. When the

:36:51. > :36:52.centre in the world. When the croupiers were in charge, where was

:36:52. > :36:54.croupiers were in charge, where was croupiers were in charge, where was

:36:54. > :36:55.the transparency? Where were the the transparency? Where were the

:36:55. > :36:56.the transparency? Where were the the transparency? Where were the

:36:56. > :36:57.rules? We will not listen to them, rules? We will not listen to them,

:36:57. > :37:01.rules? We will not listen to them, but there is an important issue

:37:01. > :37:02.but there is an important issue but there is an important issue

:37:02. > :37:03.here. There are important Jewish here. There are important Jewish

:37:03. > :37:04.national interests. We are national interests. We are

:37:04. > :37:07.national interests. We are national interests. We are

:37:07. > :37:12.responsible for 40% of the -- there responsible for 40% of the -- there

:37:12. > :37:13.are important British national are important British national

:37:13. > :37:16.are important British national are important British national

:37:16. > :37:16.interests. We want to make sure that interests. We want to make sure that

:37:16. > :37:17.interests. We want to make sure that international is go on being

:37:17. > :37:19.international is go on being international is go on being

:37:19. > :37:20.headquartered in the UK. We think headquartered in the UK. We think

:37:21. > :37:21.headquartered in the UK. We think headquartered in the UK. We think

:37:21. > :37:22.that matters. He might want to play that matters. He might want to play

:37:22. > :37:28.that matters. He might want to play politics, but we care about these

:37:28. > :37:29.politics, but we care about these politics, but we care about these

:37:29. > :37:30.politics, but we care about these things. We also want to make sure we

:37:30. > :37:31.things. We also want to make sure we things. We also want to make sure we

:37:31. > :37:33.things. We also want to make sure we can put in place the very tough ring

:37:33. > :37:34.can put in place the very tough ring can put in place the very tough ring

:37:34. > :37:35.fence around our retail banks so fence around our retail banks so

:37:35. > :37:39.fence around our retail banks so that the shambles he presided over

:37:39. > :37:40.that the shambles he presided over that the shambles he presided over

:37:40. > :37:40.that the shambles he presided over can never happen again. This is the

:37:41. > :37:43.can never happen again. This is the can never happen again. This is the

:37:44. > :37:45.man who in opposition said" there man who in opposition said" there

:37:45. > :37:46.man who in opposition said" there man who in opposition said" there

:37:46. > :37:48.will be a day of reckoning for the will be a day of reckoning for the

:37:48. > :37:49.will be a day of reckoning for the bankers" . Now he sends his

:37:49. > :37:49.bankers" . Now he sends his bankers" . Now he sends his

:37:49. > :37:54.Chancellor to fight against the Chancellor to fight against the

:37:54. > :37:55.Chancellor to fight against the bonus cuts in Brussels. Is he

:37:55. > :37:58.bonus cuts in Brussels. Is he bonus cuts in Brussels. Is he

:37:58. > :38:02.arguing for more regulation of the arguing for more regulation of the

:38:02. > :38:04.arguing for more regulation of the banks? What did he say? David

:38:04. > :38:09.banks? What did he say? David Cameron, Conservative economic

:38:09. > :38:10.Cameron, Conservative economic Cameron, Conservative economic

:38:10. > :38:12.strategy, March 2008. As a free strategy, March 2008. As a free

:38:12. > :38:13.strategy, March 2008. As a free marketeer by conviction, it will not

:38:13. > :38:14.marketeer by conviction, it will not marketeer by conviction, it will not

:38:14. > :38:16.marketeer by conviction, it will not surprise you to hear me say the

:38:16. > :38:17.surprise you to hear me say the surprise you to hear me say the

:38:17. > :38:21.surprise you to hear me say the problem of the last arcade has been

:38:21. > :38:27.problem of the last arcade has been problem of the last arcade has been

:38:27. > :38:29.too much regulation. There we have too much regulation. There we have

:38:29. > :38:30.too much regulation. There we have too much regulation. There we have

:38:30. > :38:32.too much regulation. There we have it. But let me say, I think John the

:38:32. > :38:33.it. But let me say, I think John the it. But let me say, I think John the

:38:33. > :38:33.banker will take heart that the banker will take heart that the

:38:33. > :38:37.banker will take heart that the prime Minister is straining every

:38:37. > :38:38.prime Minister is straining every prime Minister is straining every

:38:38. > :38:39.prime Minister is straining every muscle to help him. Let me ask him

:38:39. > :38:40.muscle to help him. Let me ask him muscle to help him. Let me ask him

:38:40. > :38:42.muscle to help him. Let me ask him about the cases of the thousands of

:38:42. > :38:43.about the cases of the thousands of about the cases of the thousands of

:38:43. > :38:43.disabled people who will lose an disabled people who will lose an

:38:43. > :38:44.disabled people who will lose an disabled people who will lose an

:38:44. > :38:45.average of �700 a year because of average of �700 a year because of

:38:45. > :38:48.average of �700 a year because of average of �700 a year because of

:38:48. > :38:49.his bedroom tax. Is he going to his bedroom tax. Is he going to

:38:49. > :38:49.his bedroom tax. Is he going to his bedroom tax. Is he going to

:38:49. > :38:52.fight for them like he is fighting fight for them like he is fighting

:38:52. > :38:54.fight for them like he is fighting for John the banker? Firstly, let's

:38:54. > :38:55.for John the banker? Firstly, let's for John the banker? Firstly, let's

:38:55. > :38:58.remember what happened in 2008 when remember what happened in 2008 when

:38:58. > :38:59.remember what happened in 2008 when he was in government. The biggest

:39:00. > :39:01.he was in government. The biggest he was in government. The biggest

:39:01. > :39:03.banking bust in history. The buildup banking bust in history. The buildup

:39:03. > :39:04.banking bust in history. The buildup banking bust in history. The buildup

:39:04. > :39:04.of the biggest but is it in our of the biggest but is it in our

:39:04. > :39:05.of the biggest but is it in our of the biggest but is it in our

:39:05. > :39:07.history, all the mess we are having history, all the mess we are having

:39:07. > :39:08.history, all the mess we are having history, all the mess we are having

:39:08. > :39:13.to deal with was delivered by him to deal with was delivered by him

:39:13. > :39:14.to deal with was delivered by him to deal with was delivered by him

:39:14. > :39:15.and his henchmen in 2008. Before we and his henchmen in 2008. Before we

:39:15. > :39:17.and his henchmen in 2008. Before we and his henchmen in 2008. Before we

:39:17. > :39:17.go on to the spare room subsidy, let go on to the spare room subsidy, let

:39:17. > :39:18.go on to the spare room subsidy, let go on to the spare room subsidy, let

:39:18. > :39:20.him get to his feet and apologise him get to his feet and apologise

:39:20. > :39:27.him get to his feet and apologise him get to his feet and apologise

:39:27. > :39:35.for the mess he left this country for the mess he left this country

:39:35. > :39:36.in. Apologise! Mister Speaker... in. Apologise! Mister Speaker...

:39:36. > :39:37.in. Apologise! Mister Speaker... in. Apologise! Mister Speaker...

:39:37. > :39:38.Order. I know there are people who Order. I know there are people who

:39:38. > :39:39.Order. I know there are people who Order. I know there are people who

:39:39. > :39:40.don't like it if the session runs don't like it if the session runs

:39:40. > :39:41.don't like it if the session runs on. Personally, it doesn't matter to

:39:41. > :39:42.on. Personally, it doesn't matter to on. Personally, it doesn't matter to

:39:42. > :39:43.on. Personally, it doesn't matter to me, but the more noise, the longer

:39:43. > :39:44.me, but the more noise, the longer me, but the more noise, the longer

:39:44. > :39:48.me, but the more noise, the longer it takes and the longer we will be

:39:48. > :39:49.it takes and the longer we will be it takes and the longer we will be

:39:49. > :39:50.here. Ed Miliband. I noticed the here. Ed Miliband. I noticed the

:39:50. > :39:52.here. Ed Miliband. I noticed the prime Minister has a new tactic

:39:52. > :39:53.prime Minister has a new tactic prime Minister has a new tactic

:39:53. > :39:54.prime Minister has a new tactic which is to ask me questions at our

:39:55. > :39:55.which is to ask me questions at our which is to ask me questions at our

:39:55. > :40:01.which is to ask me questions at our exchanges. It is good to see him

:40:01. > :40:02.exchanges. It is good to see him exchanges. It is good to see him

:40:02. > :40:04.preparing for opposition. The Home preparing for opposition. The Home

:40:04. > :40:04.preparing for opposition. The Home Secretary shakes her head. I look

:40:04. > :40:05.Secretary shakes her head. I look Secretary shakes her head. I look

:40:05. > :40:09.Secretary shakes her head. I look forward to facing her when they are

:40:09. > :40:09.forward to facing her when they are forward to facing her when they are

:40:09. > :40:10.forward to facing her when they are in opposition. He did not answer the

:40:10. > :40:12.in opposition. He did not answer the in opposition. He did not answer the

:40:12. > :40:13.question about the bedroom tax. He question about the bedroom tax. He

:40:13. > :40:14.question about the bedroom tax. He talked earlier about the hardship

:40:14. > :40:18.talked earlier about the hardship talked earlier about the hardship

:40:18. > :40:18.talked earlier about the hardship fund. Let's look at the fact. There

:40:18. > :40:20.fund. Let's look at the fact. There fund. Let's look at the fact. There

:40:20. > :40:21.are �25 million allocated to help are �25 million allocated to help

:40:22. > :40:22.are �25 million allocated to help disabled people hit by the bedroom

:40:22. > :40:27.disabled people hit by the bedroom disabled people hit by the bedroom

:40:27. > :40:28.tax in the hardship fund. �25 tax in the hardship fund. �25

:40:28. > :40:30.tax in the hardship fund. �25 million for disabled people, but how

:40:30. > :40:30.million for disabled people, but how million for disabled people, but how

:40:30. > :40:31.million for disabled people, but how much do his own figures showing he

:40:31. > :40:36.much do his own figures showing he much do his own figures showing he

:40:36. > :40:37.is taking from disabled people? �306 is taking from disabled people? �306

:40:37. > :40:38.is taking from disabled people? �306 is taking from disabled people? �306

:40:38. > :40:39.million. So will he admit that the million. So will he admit that the

:40:39. > :40:40.million. So will he admit that the majority of disabled people who are

:40:40. > :40:41.majority of disabled people who are majority of disabled people who are

:40:41. > :40:41.majority of disabled people who are hit by his bedroom tax will get no

:40:42. > :40:46.hit by his bedroom tax will get no hit by his bedroom tax will get no

:40:46. > :40:47.help on his hardship fund? Firstly, help on his hardship fund? Firstly,

:40:47. > :40:47.help on his hardship fund? Firstly, help on his hardship fund? Firstly,

:40:47. > :40:48.the country will note that there was the country will note that there was

:40:48. > :40:51.the country will note that there was the country will note that there was

:40:51. > :40:53.no apology for the mess left by the no apology for the mess left by the

:40:53. > :40:54.no apology for the mess left by the party opposite. On the spare room

:40:54. > :40:58.party opposite. On the spare room party opposite. On the spare room

:40:58. > :40:59.subsidy, his figures are wrong. subsidy, his figures are wrong.

:40:59. > :41:00.subsidy, his figures are wrong. subsidy, his figures are wrong.

:41:00. > :41:01.Before he sat down, he said we are Before he sat down, he said we are

:41:01. > :41:03.Before he sat down, he said we are cutting the money going to disabled

:41:03. > :41:04.cutting the money going to disabled cutting the money going to disabled

:41:04. > :41:07.cutting the money going to disabled people. That is not the case. In

:41:07. > :41:08.people. That is not the case. In people. That is not the case. In

:41:08. > :41:09.2009-10, the amount spent on 2009-10, the amount spent on

:41:09. > :41:13.2009-10, the amount spent on deserted you living allowance was 12

:41:13. > :41:14.deserted you living allowance was 12 deserted you living allowance was 12

:41:14. > :41:16.deserted you living allowance was 12 when four alien pounds. By 2013, it

:41:16. > :41:17.when four alien pounds. By 2013, it when four alien pounds. By 2013, it

:41:17. > :41:18.when four alien pounds. By 2013, it will be �13.3 billion. There is no

:41:18. > :41:18.will be �13.3 billion. There is no will be �13.3 billion. There is no

:41:18. > :41:20.will be �13.3 billion. There is no cut in the money going to disabled

:41:20. > :41:21.cut in the money going to disabled people. This government is

:41:21. > :41:22.people. This government is people. This government is

:41:22. > :41:23.protecting that money in spite of protecting that money in spite of

:41:23. > :41:26.protecting that money in spite of protecting that money in spite of

:41:26. > :41:26.the mess he made. On the spare room the mess he made. On the spare room

:41:26. > :41:28.the mess he made. On the spare room subsidy, pensioners and people with

:41:28. > :41:29.subsidy, pensioners and people with subsidy, pensioners and people with

:41:29. > :41:29.disabled people are exempt all disabled people are exempt all

:41:30. > :41:32.disabled people are exempt all stopped anyone who needs help around

:41:32. > :41:33.stopped anyone who needs help around stopped anyone who needs help around

:41:33. > :41:34.stopped anyone who needs help around the clock is also exempt. As he is

:41:34. > :41:35.the clock is also exempt. As he is the clock is also exempt. As he is

:41:35. > :41:37.the clock is also exempt. As he is fond of reading out letters from his

:41:37. > :41:37.fond of reading out letters from his fond of reading out letters from his

:41:37. > :41:39.fond of reading out letters from his constituents, let me read out one I

:41:40. > :41:40.constituents, let me read out one I constituents, let me read out one I

:41:40. > :41:42.constituents, let me read out one I got on this issue from a pensioner.

:41:42. > :41:43.got on this issue from a pensioner. got on this issue from a pensioner.

:41:43. > :41:44.got on this issue from a pensioner. "We are expected to find up to an

:41:44. > :41:45."We are expected to find up to an "We are expected to find up to an

:41:45. > :41:46."We are expected to find up to an extra �60 a month out of our

:41:46. > :41:48.extra �60 a month out of our extra �60 a month out of our

:41:48. > :41:49.pensions for having extra bedrooms" pensions for having extra bedrooms"

:41:49. > :41:50.pensions for having extra bedrooms" pensions for having extra bedrooms"

:41:50. > :41:52.. But they are exempt because they . But they are exempt because they

:41:52. > :41:53.. But they are exempt because they are pensioners, but they have been

:41:53. > :42:02.are pensioners, but they have been terrified by his irresponsible

:42:02. > :42:03.terrified by his irresponsible terrified by his irresponsible

:42:03. > :42:06.comments. There was nothing in the comments. There was nothing in the

:42:06. > :42:07.comments. There was nothing in the comments. There was nothing in the

:42:07. > :42:08.briefing on the question I asked. He briefing on the question I asked. He

:42:08. > :42:10.briefing on the question I asked. He obviously does not understand. His

:42:10. > :42:12.obviously does not understand. His obviously does not understand. His

:42:12. > :42:14.own impact assessment, which he own impact assessment, which he

:42:14. > :42:15.own impact assessment, which he own impact assessment, which he

:42:15. > :42:16.might read, by the way, says there might read, by the way, says there

:42:16. > :42:18.might read, by the way, says there are 420,000 disabled people hit by

:42:18. > :42:19.are 420,000 disabled people hit by are 420,000 disabled people hit by

:42:19. > :42:21.are 420,000 disabled people hit by the bedroom tax, an average of �700

:42:21. > :42:24.the bedroom tax, an average of �700 the bedroom tax, an average of �700

:42:24. > :42:25.the bedroom tax, an average of �700 a year. That is �306 million. The

:42:25. > :42:27.a year. That is �306 million. The a year. That is �306 million. The

:42:27. > :42:28.money in the hardship fund allocated money in the hardship fund allocated

:42:28. > :42:30.money in the hardship fund allocated to disabled people is just �25

:42:30. > :42:32.to disabled people is just �25 to disabled people is just �25

:42:32. > :42:34.million. This is basic arithmetic. million. This is basic arithmetic.

:42:34. > :42:35.million. This is basic arithmetic. million. This is basic arithmetic.

:42:35. > :42:36.Will he admit that the majority of Will he admit that the majority of

:42:36. > :42:36.Will he admit that the majority of disabled people will get no help

:42:36. > :42:37.disabled people will get no help disabled people will get no help

:42:37. > :42:38.disabled people will get no help from the hardship fund and will be

:42:38. > :42:41.from the hardship fund and will be from the hardship fund and will be

:42:41. > :42:42.from the hardship fund and will be hit by his bedroom tax? He is

:42:42. > :42:45.hit by his bedroom tax? He is hit by his bedroom tax? He is

:42:45. > :42:46.wrong. Anyone with severely disabled wrong. Anyone with severely disabled

:42:46. > :42:48.wrong. Anyone with severely disabled children is exempt from the spare

:42:48. > :42:49.children is exempt from the spare children is exempt from the spare

:42:49. > :42:50.room subsidy. Order! Members must room subsidy. Order! Members must

:42:50. > :42:50.room subsidy. Order! Members must room subsidy. Order! Members must

:42:50. > :42:53.not shout at the tops of their not shout at the tops of their

:42:53. > :42:54.not shout at the tops of their voices at the prime Minister. The

:42:54. > :42:55.voices at the prime Minister. The voices at the prime Minister. The

:42:55. > :42:58.question was asked and heard, and question was asked and heard, and

:42:58. > :42:58.question was asked and heard, and question was asked and heard, and

:42:58. > :43:00.the answer must be heard. He ignores the answer must be heard. He ignores

:43:00. > :43:02.the answer must be heard. He ignores the fact that anyone with severely

:43:02. > :43:02.the fact that anyone with severely the fact that anyone with severely

:43:02. > :43:03.disabled children is exempt from the disabled children is exempt from the

:43:03. > :43:05.disabled children is exempt from the spare room subsidy. Anyone who needs

:43:05. > :43:11.spare room subsidy. Anyone who needs spare room subsidy. Anyone who needs

:43:11. > :43:12.spare room subsidy. Anyone who needs care around the clock is exempt. We

:43:12. > :43:13.care around the clock is exempt. We care around the clock is exempt. We

:43:13. > :43:14.are spending �23 billion on housing are spending �23 billion on housing

:43:14. > :43:17.are spending �23 billion on housing are spending �23 billion on housing

:43:17. > :43:19.benefit. That is up by 50% over the benefit. That is up by 50% over the

:43:19. > :43:20.benefit. That is up by 50% over the last decade. That is �1000 every

:43:20. > :43:23.last decade. That is �1000 every last decade. That is �1000 every

:43:23. > :43:24.year for every basic rate taxpayer. year for every basic rate taxpayer.

:43:24. > :43:25.year for every basic rate taxpayer. year for every basic rate taxpayer.

:43:25. > :43:26.We say it is time to reform housing We say it is time to reform housing

:43:26. > :43:27.We say it is time to reform housing We say it is time to reform housing

:43:27. > :43:28.benefit, and it is only fair to benefit, and it is only fair to

:43:28. > :43:29.benefit, and it is only fair to treat people in social housing the

:43:29. > :43:31.treat people in social housing the treat people in social housing the

:43:31. > :43:32.same way as in private rent same way as in private rent

:43:32. > :43:33.same way as in private rent same way as in private rent

:43:33. > :43:36.housing. He has no proposals to do housing. He has no proposals to do

:43:36. > :43:37.housing. He has no proposals to do housing. He has no proposals to do

:43:37. > :43:38.anything about welfare but to put up anything about welfare but to put up

:43:38. > :43:39.anything about welfare but to put up borrowing. We have established today

:43:39. > :43:40.borrowing. We have established today borrowing. We have established today

:43:40. > :43:44.that the Prime Minister does not that the Prime Minister does not

:43:44. > :43:46.that the Prime Minister does not understand his own policies. It is

:43:46. > :43:47.understand his own policies. It is understand his own policies. It is

:43:47. > :43:48.understand his own policies. It is shameful to be doing this and not

:43:48. > :43:50.shameful to be doing this and not shameful to be doing this and not

:43:50. > :43:51.even to understand the impact of even to understand the impact of

:43:51. > :43:53.even to understand the impact of even to understand the impact of

:43:53. > :43:54.it. He pulls out all the stops to it. He pulls out all the stops to

:43:54. > :43:57.it. He pulls out all the stops to defend the bankers, but he has

:43:57. > :43:57.defend the bankers, but he has defend the bankers, but he has

:43:57. > :43:58.defend the bankers, but he has nothing to say to give -- disabled

:43:59. > :43:59.nothing to say to give -- disabled nothing to say to give -- disabled

:43:59. > :44:01.nothing to say to give -- disabled people being hit by his drink tax.

:44:01. > :44:02.people being hit by his drink tax. people being hit by his drink tax.

:44:02. > :44:03.people being hit by his drink tax. He stands up the wrong people. No

:44:03. > :44:04.He stands up the wrong people. No He stands up the wrong people. No

:44:04. > :44:10.wonder his backbenchers and the wonder his backbenchers and the

:44:10. > :44:11.wonder his backbenchers and the wonder his backbenchers and the

:44:11. > :44:12.country think is out of touch. country think is out of touch.

:44:12. > :44:15.country think is out of touch. is what we hear every Wednesday.

:44:15. > :44:16.is what we hear every Wednesday. is what we hear every Wednesday.

:44:16. > :44:19.They will not support a single They will not support a single

:44:19. > :44:21.They will not support a single change to welfare. They will not

:44:21. > :44:22.change to welfare. They will not change to welfare. They will not

:44:22. > :44:22.support reforms to housing benefit. support reforms to housing benefit.

:44:23. > :44:23.support reforms to housing benefit. support reforms to housing benefit.

:44:24. > :44:26.They did not even support it when we They did not even support it when we

:44:26. > :44:27.They did not even support it when we took housing benefit away from

:44:27. > :44:28.took housing benefit away from took housing benefit away from

:44:28. > :44:29.people charging �1000 a year. They people charging �1000 a year. They

:44:30. > :44:30.people charging �1000 a year. They would not support changes to child

:44:30. > :44:34.would not support changes to child would not support changes to child

:44:34. > :44:35.would not support changes to child in a fit. They will not support

:44:35. > :44:39.in a fit. They will not support in a fit. They will not support

:44:39. > :44:40.changes to council tax benefit. They changes to council tax benefit. They

:44:40. > :44:42.changes to council tax benefit. They have opposed �83 billion of welfare

:44:42. > :44:43.have opposed �83 billion of welfare have opposed �83 billion of welfare

:44:43. > :44:45.savings. They have to admit that savings. They have to admit that

:44:45. > :44:46.savings. They have to admit that savings. They have to admit that

:44:46. > :44:47.their policy is to put up borrowing. their policy is to put up borrowing.

:44:47. > :44:50.their policy is to put up borrowing. They have nothing to offer, only

:44:50. > :45:00.They have nothing to offer, only They have nothing to offer, only

:45:00. > :45:01.

:45:01. > :45:11.debt and more debt. Mark Pritchard. debt and more debt. Mark Pritchard.

:45:11. > :45:25.

:45:26. > :45:27.debt and more debt. Mark Pritchard. celebrate International Women's Day.

:45:27. > :45:28.celebrate International Women's Day. celebrate International Women's Day.

:45:28. > :45:29.I think my honourable friend is I think my honourable friend is

:45:29. > :45:29.I think my honourable friend is I think my honourable friend is

:45:29. > :45:31.right to raise this and there are right to raise this and there are

:45:31. > :45:38.right to raise this and there are right to raise this and there are

:45:39. > :45:40.issues we should focus on and that issues we should focus on and that

:45:40. > :45:41.issues we should focus on and that is female again genital mutilation

:45:41. > :45:42.is female again genital mutilation is female again genital mutilation

:45:42. > :45:42.and we will be making an and we will be making an

:45:42. > :45:44.and we will be making an announcement about that, but we

:45:44. > :45:46.announcement about that, but we announcement about that, but we

:45:46. > :45:47.announcement about that, but we should do more to crackdown on the

:45:47. > :45:50.should do more to crackdown on the unacceptable practise of forced

:45:50. > :45:51.unacceptable practise of forced unacceptable practise of forced

:45:51. > :45:51.marriages. There are still forced marriages. There are still forced

:45:52. > :45:52.marriages. There are still forced marriages taking place with people

:45:52. > :45:53.marriages taking place with people marriages taking place with people

:45:53. > :45:54.involved from the United Kingdom involved from the United Kingdom

:45:54. > :45:55.involved from the United Kingdom involved from the United Kingdom

:45:55. > :46:00.involved from the United Kingdom and we need to do more to put a

:46:00. > :46:02.and we need to do more to put a stop to it.

:46:02. > :46:12.stop to it. stop to it.

:46:12. > :46:12.

:46:12. > :46:57.Apology for the loss of subtitles for 44 seconds

:46:57. > :46:58.stop to it. They put put that worry before the

:46:58. > :46:58.They put put that worry before the They put put that worry before the

:46:58. > :47:01.They put put that worry before the needs of people up and down the

:47:01. > :47:02.needs of people up and down the needs of people up and down the

:47:02. > :47:03.country? Does the Prime Minister country? Does the Prime Minister

:47:03. > :47:04.country? Does the Prime Minister country? Does the Prime Minister

:47:04. > :47:06.agree that we cannot borrow less by agree that we cannot borrow less by

:47:06. > :47:08.agree that we cannot borrow less by borrowing more. We cannot deal with

:47:08. > :47:09.borrowing more. We cannot deal with borrowing more. We cannot deal with

:47:09. > :47:10.borrowing more. We cannot deal with the deficit left by the last Labour

:47:10. > :47:13.the deficit left by the last Labour the deficit left by the last Labour

:47:13. > :47:17.Government by increasing our debts Government by increasing our debts

:47:17. > :47:19.Government by increasing our debts and as the Shadow Chancellor's plan

:47:19. > :47:20.and as the Shadow Chancellor's plan for doing so.

:47:20. > :47:22.for doing so. for doing so.

:47:22. > :47:24.The policy of the official The policy of the official

:47:25. > :47:25.The policy of the official opposition is to borrow less by

:47:26. > :47:27.opposition is to borrow less by opposition is to borrow less by

:47:27. > :47:28.borrowing more. It is incredible borrowing more. It is incredible

:47:28. > :47:29.borrowing more. It is incredible borrowing more. It is incredible

:47:29. > :47:30.and that is why the Leader of the and that is why the Leader of the

:47:30. > :47:31.and that is why the Leader of the Opposition comes here week after

:47:31. > :47:31.Opposition comes here week after Opposition comes here week after

:47:31. > :47:33.Opposition comes here week after week, he asks about all sorts of

:47:33. > :47:34.week, he asks about all sorts of week, he asks about all sorts of

:47:34. > :47:36.questions, but he will never questions, but he will never

:47:36. > :47:37.questions, but he will never mention his borrowing policy. It is

:47:38. > :47:38.mention his borrowing policy. It is mention his borrowing policy. It is

:47:38. > :47:39.an extraordinary point, but the an extraordinary point, but the

:47:39. > :47:40.an extraordinary point, but the Leader of the Opposition has a

:47:40. > :47:41.Leader of the Opposition has a Leader of the Opposition has a

:47:41. > :47:42.policy, he is so embarrassed about, policy, he is so embarrassed about,

:47:42. > :47:50.policy, he is so embarrassed about, policy, he is so embarrassed about,

:47:50. > :47:52.he cannot tell the House of Commons. he cannot tell the House of Commons.

:47:52. > :47:54.David Nicholson showed ignorance David Nicholson showed ignorance

:47:54. > :47:56.David Nicholson showed ignorance while more than 1,000 people died

:47:56. > :47:57.while more than 1,000 people died while more than 1,000 people died

:47:57. > :47:58.while more than 1,000 people died needlessly in the NHS. How can the

:47:58. > :47:59.needlessly in the NHS. How can the needlessly in the NHS. How can the

:47:59. > :48:00.public have any confidence in the public have any confidence in the

:48:01. > :48:03.public have any confidence in the administration of the NHS while

:48:03. > :48:05.administration of the NHS while administration of the NHS while

:48:05. > :48:07.this man remains? Will the Prime this man remains? Will the Prime

:48:07. > :48:08.this man remains? Will the Prime Minister not sack him immediately?

:48:08. > :48:11.Minister not sack him immediately? Minister not sack him immediately?

:48:11. > :48:12.What I will say about David What I will say about David

:48:12. > :48:14.What I will say about David Nicholson he has apologised and

:48:14. > :48:14.Nicholson he has apologised and Nicholson he has apologised and

:48:14. > :48:15.acknowledged the mistakes that were acknowledged the mistakes that were

:48:15. > :48:16.acknowledged the mistakes that were acknowledged the mistakes that were

:48:16. > :48:17.made and I think it is an important made and I think it is an important

:48:17. > :48:20.made and I think it is an important point because I think everyone has

:48:20. > :48:20.point because I think everyone has point because I think everyone has

:48:20. > :48:21.to think of their responsibilities to think of their responsibilities

:48:21. > :48:23.to think of their responsibilities with regards to the dreadful events

:48:23. > :48:24.with regards to the dreadful events with regards to the dreadful events

:48:24. > :48:25.that happened at the Staffordshire that happened at the Staffordshire

:48:25. > :48:26.that happened at the Staffordshire Hospital including the fact that

:48:26. > :48:29.Hospital including the fact that Hospital including the fact that

:48:29. > :48:31.part of the problem was people part of the problem was people

:48:31. > :48:32.part of the problem was people following a very top down target

:48:32. > :48:33.following a very top down target following a very top down target

:48:33. > :48:34.target-led agenda that led to target-led agenda that led to

:48:34. > :48:37.target-led agenda that led to target-led agenda that led to

:48:37. > :48:38.patient care being put on the back patient care being put on the back

:48:38. > :48:40.patient care being put on the back burner. David Nicholson made his

:48:40. > :48:41.burner. David Nicholson made his burner. David Nicholson made his

:48:41. > :48:43.burner. David Nicholson made his apology and wants to get on with

:48:43. > :48:45.apology and wants to get on with running an excellent National

:48:45. > :48:45.running an excellent National running an excellent National

:48:45. > :48:46.Health Service and other people Health Service and other people

:48:46. > :48:48.Health Service and other people should be thinking about their

:48:48. > :48:51.pOtionz too. pOtionz too.

:48:51. > :48:53.pOtionz too. -- positions too. Even governing

:48:53. > :48:55.-- positions too. Even governing -- positions too. Even governing

:48:55. > :48:57.parties can win marginal by- parties can win marginal by-

:48:57. > :48:57.elections if they stick by their elections if they stick by their

:48:58. > :48:58.elections if they stick by their leader thick and thin and campaign

:48:58. > :49:00.leader thick and thin and campaign leader thick and thin and campaign

:49:00. > :49:04.leader thick and thin and campaign hard for a stronger economy and a

:49:04. > :49:05.fairer society. fairer society.

:49:05. > :49:06.fairer society. I will certainly welcome the new

:49:06. > :49:07.I will certainly welcome the new I will certainly welcome the new

:49:07. > :49:17.member of Parliament for Eastleigh member of Parliament for Eastleigh

:49:17. > :49:20.

:49:20. > :49:20.member of Parliament for Eastleigh for the period of this Parliament.

:49:20. > :49:21.LAUGHTER LAUGHTER

:49:21. > :49:23.LAUGHTER LAUGHTER

:49:23. > :49:24.I am sure that he will enjoy making I am sure that he will enjoy making

:49:24. > :49:24.I am sure that he will enjoy making I am sure that he will enjoy making

:49:24. > :49:24.a contribution to our debates and I a contribution to our debates and I

:49:24. > :49:25.a contribution to our debates and I note carefully the rest of my

:49:25. > :49:26.note carefully the rest of my honourable friend's question.

:49:26. > :49:26.honourable friend's question. honourable friend's question.

:49:26. > :49:27.This time last week, the Prime This time last week, the Prime

:49:27. > :49:28.This time last week, the Prime This time last week, the Prime

:49:28. > :49:29.Minister told me that he would not Minister told me that he would not

:49:29. > :49:30.Minister told me that he would not be forcing GP commissioners to put

:49:30. > :49:31.be forcing GP commissioners to put be forcing GP commissioners to put

:49:31. > :49:34.Health Services out to tender. By Health Services out to tender. By

:49:34. > :49:37.Health Services out to tender. By the end of last week, doctorss,

:49:37. > :49:38.the end of last week, doctorss, the end of last week, doctorss,

:49:38. > :49:38.nurses and the association for nurses and the association for

:49:38. > :49:39.nurses and the association for medical colleges as well as 2,000

:49:39. > :49:40.medical colleges as well as 2,000 medical colleges as well as 2,000

:49:40. > :49:44.members of the public said they members of the public said they

:49:44. > :49:45.members of the public said they didn't believe him. Was yesterday's

:49:45. > :49:48.didn't believe him. Was yesterday's withdrawal of the competition

:49:48. > :49:49.withdrawal of the competition regulations down to his

:49:49. > :49:51.regulations down to his Government's incompetence for the

:49:51. > :49:52.Government's incompetence for the Government's incompetence for the

:49:52. > :49:54.fact that the public and fact that the public and

:49:54. > :49:55.professionals don't believe him? professionals don't believe him?

:49:55. > :49:56.professionals don't believe him? professionals don't believe him?

:49:56. > :49:59.There is an attempt to create a There is an attempt to create a

:49:59. > :50:00.There is an attempt to create a There is an attempt to create a

:50:00. > :50:01.false argument here. The aim is to false argument here. The aim is to

:50:01. > :50:03.false argument here. The aim is to ensure that the rules for

:50:03. > :50:05.ensure that the rules for ensure that the rules for

:50:05. > :50:06.procurement and diversity in the procurement and diversity in the

:50:06. > :50:08.procurement and diversity in the NHS fully respect the position put

:50:08. > :50:08.NHS fully respect the position put NHS fully respect the position put

:50:08. > :50:10.NHS fully respect the position put in place by the last Government has

:50:10. > :50:11.in place by the last Government has in place by the last Government has

:50:11. > :50:13.been repeated in this government. been repeated in this government.

:50:13. > :50:15.been repeated in this government. been repeated in this government.

:50:15. > :50:18.So we are putting beyond that any So we are putting beyond that any

:50:18. > :50:19.So we are putting beyond that any So we are putting beyond that any

:50:19. > :50:22.any doubt. What I will say, what any doubt. What I will say, what

:50:22. > :50:23.any doubt. What I will say, what any doubt. What I will say, what

:50:23. > :50:24.are we to be frightened off to make are we to be frightened off to make

:50:24. > :50:26.are we to be frightened off to make sure you get a full contribution

:50:26. > :50:28.sure you get a full contribution sure you get a full contribution

:50:28. > :50:29.from private sector companies, from from private sector companies, from

:50:29. > :50:30.from private sector companies, from voluntary and charitable bodies too.

:50:30. > :50:31.voluntary and charitable bodies too. voluntary and charitable bodies too.

:50:31. > :50:33.That is the manifesto that she That is the manifesto that she

:50:33. > :50:34.That is the manifesto that she That is the manifesto that she

:50:34. > :50:36.stood on at the last election just stood on at the last election just

:50:36. > :50:39.stood on at the last election just stood on at the last election just

:50:39. > :50:40.in case she has forgotten. I will in case she has forgotten. I will

:50:40. > :50:41.in case she has forgotten. I will remind her, "We will support... "I

:50:41. > :50:45.remind her, "We will support... "I remind her, "We will support... "I

:50:45. > :50:46.thought they would like to hear thought they would like to hear

:50:46. > :50:47.thought they would like to hear their manifesto! "we will support

:50:47. > :50:48.their manifesto! "we will support their manifesto! "we will support

:50:48. > :50:50.an active role for the independent an active role for the independent

:50:50. > :50:51.an active role for the independent sector working alongside the NHS in

:50:51. > :50:53.sector working alongside the NHS in sector working alongside the NHS in

:50:53. > :50:54.the provision of care particularly the provision of care particularly

:50:54. > :50:54.the provision of care particularly where they bring innovation. Such

:50:55. > :50:56.where they bring innovation. Such where they bring innovation. Such

:50:56. > :50:59.where they bring innovation. Such as end of life care and cancer

:50:59. > :51:01.as end of life care and cancer as end of life care and cancer

:51:01. > :51:04.services. What happens is when the services. What happens is when the

:51:04. > :51:07.services. What happens is when the Labour Party goes into opposition

:51:07. > :51:09.Labour Party goes into opposition Labour Party goes into opposition

:51:09. > :51:12.they become a subsidiary of the they become a subsidiary of the

:51:12. > :51:14.they become a subsidiary of the trade union movement. A report

:51:14. > :51:16.trade union movement. A report trade union movement. A report

:51:16. > :51:18.recommends the closure of acute and recommends the closure of acute and

:51:18. > :51:26.most emergency and maternity most emergency and maternity

:51:26. > :51:28.most emergency and maternity services at Staffordshire. Would my

:51:29. > :51:30.services at Staffordshire. Would my services at Staffordshire. Would my

:51:30. > :51:31.height -- my right honourable height -- my right honourable

:51:31. > :51:34.height -- my right honourable height -- my right honourable

:51:34. > :51:35.friend meet with me? Well, I have friend meet with me? Well, I have

:51:35. > :51:37.friend meet with me? Well, I have discussed this issue many times.

:51:37. > :51:38.discussed this issue many times. discussed this issue many times.

:51:38. > :51:39.The Trust does continue to face The Trust does continue to face

:51:39. > :51:41.financial challenges and that's financial challenges and that's

:51:41. > :51:42.financial challenges and that's financial challenges and that's

:51:42. > :51:42.putting at risk its work to improve putting at risk its work to improve

:51:42. > :51:43.putting at risk its work to improve services for patients and as

:51:43. > :51:46.services for patients and as required by the legislation,

:51:46. > :51:47.required by the legislation, required by the legislation,

:51:47. > :51:48.monitor will be consulting with the monitor will be consulting with the

:51:48. > :51:49.monitor will be consulting with the Health Secretary before making the

:51:49. > :51:50.Health Secretary before making the Health Secretary before making the

:51:50. > :51:51.final decision to go ahead with final decision to go ahead with

:51:51. > :51:52.final decision to go ahead with final decision to go ahead with

:51:52. > :51:55.this matter that he raises. If he this matter that he raises. If he

:51:55. > :51:56.this matter that he raises. If he this matter that he raises. If he

:51:56. > :51:57.wants to discuss it with me or the wants to discuss it with me or the

:51:57. > :51:58.wants to discuss it with me or the wants to discuss it with me or the

:51:58. > :52:00.Secretary of State for Health, I am Secretary of State for Health, I am

:52:00. > :52:02.Secretary of State for Health, I am happy to have that that

:52:02. > :52:03.happy to have that that happy to have that that

:52:03. > :52:06.conversation. The CBR reported that conversation. The CBR reported that

:52:06. > :52:06.conversation. The CBR reported that conversation. The CBR reported that

:52:06. > :52:08.one in ten people borrowed money in one in ten people borrowed money in

:52:08. > :52:09.one in ten people borrowed money in one in ten people borrowed money in

:52:09. > :52:10.Newcastle to pay for food. In April Newcastle to pay for food. In April

:52:10. > :52:12.Newcastle to pay for food. In April 20,000 of our poorest households

:52:12. > :52:13.20,000 of our poorest households 20,000 of our poorest households

:52:13. > :52:15.20,000 of our poorest households will be asked to find up to �125

:52:15. > :52:16.will be asked to find up to �125 will be asked to find up to �125

:52:16. > :52:17.will be asked to find up to �125 per month to pay for their council

:52:17. > :52:18.per month to pay for their council per month to pay for their council

:52:19. > :52:21.per month to pay for their council tax benefit cut and the bedroom tax.

:52:21. > :52:22.tax benefit cut and the bedroom tax. tax benefit cut and the bedroom tax.

:52:22. > :52:24.So could the Prime Minister confirm So could the Prime Minister confirm

:52:24. > :52:25.So could the Prime Minister confirm whether at the same time he

:52:25. > :52:26.whether at the same time he whether at the same time he

:52:26. > :52:28.personally will be benefiting from personally will be benefiting from

:52:28. > :52:31.the millionaire's tax cut? the millionaire's tax cut?

:52:31. > :52:32.the millionaire's tax cut? the millionaire's tax cut?

:52:32. > :52:34.First of all, let me address the First of all, let me address the

:52:34. > :52:36.First of all, let me address the First of all, let me address the

:52:36. > :52:37.issue of the spare room subsidy in issue of the spare room subsidy in

:52:37. > :52:39.Newcastle specifically because Newcastle specifically because

:52:39. > :52:40.Newcastle specifically because there are 9,000 people on social

:52:40. > :52:42.there are 9,000 people on social there are 9,000 people on social

:52:42. > :52:43.housing waiting lists and this is housing waiting lists and this is

:52:43. > :52:44.housing waiting lists and this is important. Across the country, you

:52:45. > :52:46.important. Across the country, you important. Across the country, you

:52:46. > :52:49.have got 250,000 people who are have got 250,000 people who are

:52:49. > :52:50.living in overcrowded accommodation, living in overcrowded accommodation,

:52:50. > :52:51.living in overcrowded accommodation, living in overcrowded accommodation,

:52:51. > :52:52.who would love to have access to a who would love to have access to a

:52:52. > :52:53.who would love to have access to a who would love to have access to a

:52:53. > :52:56.house with more rooms and you have house with more rooms and you have

:52:56. > :52:57.386,000 people living in 386,000 people living in

:52:57. > :52:58.overcrowded housing. The party overcrowded housing. The party

:52:58. > :52:59.overcrowded housing. The party opposite does not want to recognise

:52:59. > :53:00.opposite does not want to recognise opposite does not want to recognise

:53:00. > :53:04.that reality and have got nothing that reality and have got nothing

:53:04. > :53:05.that reality and have got nothing to offer in terms of reform.

:53:05. > :53:06.to offer in terms of reform. to offer in terms of reform.

:53:06. > :53:08.to offer in terms of reform. Last year, more than 100 women were

:53:08. > :53:08.Last year, more than 100 women were Last year, more than 100 women were

:53:08. > :53:10.Last year, more than 100 women were killed by men in the United Kingdom

:53:10. > :53:12.killed by men in the United Kingdom killed by men in the United Kingdom

:53:12. > :53:17.and we know that domestic violence and we know that domestic violence

:53:17. > :53:19.happens across, behind door happens across, behind door

:53:19. > :53:20.happens across, behind door doorways across this country. Would

:53:20. > :53:23.doorways across this country. Would doorways across this country. Would

:53:23. > :53:24.the Prime Minister pay tribute to the Prime Minister pay tribute to

:53:24. > :53:26.the Prime Minister pay tribute to the work being done by Wiltshire

:53:26. > :53:27.the work being done by Wiltshire the work being done by Wiltshire

:53:28. > :53:31.the work being done by Wiltshire Police and to the Victim Support in

:53:31. > :53:32.Police and to the Victim Support in Police and to the Victim Support in

:53:32. > :53:34.Devizes who are providing services Devizes who are providing services

:53:34. > :53:36.Devizes who are providing services for people in my community?

:53:36. > :53:37.for people in my community? for people in my community?

:53:37. > :53:38.Fighting domestic violence is part Fighting domestic violence is part

:53:38. > :53:39.Fighting domestic violence is part of International scam woman's Week.

:53:39. > :53:40.of International scam woman's Week. of International scam woman's Week.

:53:40. > :53:41.of International scam woman's Week. I want too commend not just the

:53:41. > :53:42.I want too commend not just the I want too commend not just the

:53:42. > :53:43.police in Wiltshire, but the local police in Wiltshire, but the local

:53:43. > :53:44.police in Wiltshire, but the local authority that's done good work at

:53:44. > :53:44.authority that's done good work at authority that's done good work at

:53:44. > :53:46.bringing the agencies together to bringing the agencies together to

:53:46. > :53:47.bringing the agencies together to bringing the agencies together to

:53:47. > :53:48.make sure we have a joined up make sure we have a joined up

:53:48. > :53:49.make sure we have a joined up approach of trying to crack this

:53:49. > :53:50.approach of trying to crack this approach of trying to crack this

:53:50. > :53:55.approach of trying to crack this problem which as she says has often

:53:55. > :53:57.problem which as she says has often been hidden from view.

:53:57. > :53:58.been hidden from view. been hidden from view.

:53:58. > :53:59.been hidden from view. The orange report of the TUC -- the

:53:59. > :54:00.The orange report of the TUC -- the The orange report of the TUC -- the

:54:00. > :54:02.original report from the TUC original report from the TUC

:54:02. > :54:09.original report from the TUC suggest that had wages in this

:54:09. > :54:10.suggest that had wages in this suggest that had wages in this

:54:10. > :54:12.country has been suppressed by 3%. country has been suppressed by 3%.

:54:12. > :54:13.country has been suppressed by 3%. country has been suppressed by 3%.

:54:13. > :54:13.It was since the Tories came to It was since the Tories came to

:54:13. > :54:15.It was since the Tories came to power. Take that along with the

:54:15. > :54:17.power. Take that along with the power. Take that along with the

:54:17. > :54:24.power. Take that along with the cuts to welfare, why is it that

:54:24. > :54:25.cuts to welfare, why is it that cuts to welfare, why is it that

:54:25. > :54:27.that bankers and speck speculators that bankers and speck speculators

:54:27. > :54:28.that bankers and speck speculators can get away with stuffing their

:54:28. > :54:29.can get away with stuffing their can get away with stuffing their

:54:29. > :54:32.can get away with stuffing their pockets with �50 notes. When is the

:54:32. > :54:33.pockets with �50 notes. When is the pockets with �50 notes. When is the

:54:33. > :54:37.Prime Minister Prime Minister going Prime Minister Prime Minister going

:54:37. > :54:38.Prime Minister Prime Minister going Prime Minister Prime Minister going

:54:38. > :54:38.to get a grip? The point I would to get a grip? The point I would

:54:39. > :54:40.to get a grip? The point I would remind him about, when his

:54:40. > :54:42.remind him about, when his remind him about, when his

:54:42. > :54:43.honourable friends were in charge, honourable friends were in charge,

:54:43. > :54:44.honourable friends were in charge, honourable friends were in charge,

:54:44. > :54:45.the banks were going bust and there the banks were going bust and there

:54:45. > :54:46.the banks were going bust and there wasn't proper regulation. He can

:54:46. > :54:48.wasn't proper regulation. He can wasn't proper regulation. He can

:54:48. > :54:51.wasn't proper regulation. He can wave it away, but those two were

:54:51. > :54:53.wave it away, but those two were wave it away, but those two were

:54:53. > :54:54.sitting in the casino when the sitting in the casino when the

:54:54. > :54:55.sitting in the casino when the wheels wheels stopped spinning and

:54:55. > :54:56.wheels wheels stopped spinning and wheels wheels stopped spinning and

:54:56. > :54:58.the country nearly went bust. the country nearly went bust.

:54:58. > :55:00.the country nearly went bust. Does the Prime Minister welcome the

:55:00. > :55:01.Does the Prime Minister welcome the Does the Prime Minister welcome the

:55:01. > :55:04.action the Office of Fair Trading action the Office of Fair Trading

:55:04. > :55:06.action the Office of Fair Trading action the Office of Fair Trading

:55:06. > :55:07.have taken to ensure that pay day have taken to ensure that pay day

:55:07. > :55:08.lenders behave responsibly and lenders behave responsibly and

:55:08. > :55:09.lenders behave responsibly and lenders behave responsibly and

:55:09. > :55:10.fairly? The fact is that a number fairly? The fact is that a number

:55:10. > :55:12.fairly? The fact is that a number of pay day lenders have been

:55:12. > :55:13.of pay day lenders have been of pay day lenders have been

:55:13. > :55:15.behaving in an irresponsible way. behaving in an irresponsible way.

:55:15. > :55:16.behaving in an irresponsible way. behaving in an irresponsible way.

:55:17. > :55:17.The OFT are putting 50 firms on The OFT are putting 50 firms on

:55:17. > :55:19.The OFT are putting 50 firms on notice over their behaviour. They

:55:19. > :55:20.notice over their behaviour. They notice over their behaviour. They

:55:21. > :55:22.are requiring them to take actions are requiring them to take actions

:55:22. > :55:24.are requiring them to take actions facing fines or having their

:55:24. > :55:25.facing fines or having their facing fines or having their

:55:25. > :55:28.licences revoked and the OFT are licences revoked and the OFT are

:55:28. > :55:29.licences revoked and the OFT are consulting on referring the entire

:55:29. > :55:32.consulting on referring the entire sector to the Competition

:55:32. > :55:35.sector to the Competition sector to the Competition

:55:35. > :55:37.Commission. So action is being taken.

:55:37. > :55:37.taken. taken.

:55:37. > :55:39.Rotherham College of Arts and Rotherham College of Arts and

:55:39. > :55:42.Rotherham College of Arts and Rotherham College of Arts and

:55:42. > :55:43.Technology had a cut of of of 280 Technology had a cut of of of 280

:55:43. > :55:46.Technology had a cut of of of 280 places for 16 to 18-year-olds,

:55:46. > :55:49.places for 16 to 18-year-olds, places for 16 to 18-year-olds,

:55:49. > :55:50.that's a 10% cut despite Rotherham that's a 10% cut despite Rotherham

:55:50. > :55:51.that's a 10% cut despite Rotherham being an unemployment hotspot. Why

:55:51. > :55:53.being an unemployment hotspot. Why being an unemployment hotspot. Why

:55:53. > :55:54.is the Prime Minister denying young is the Prime Minister denying young

:55:54. > :55:55.is the Prime Minister denying young people of Rotherham an education?

:55:55. > :55:56.people of Rotherham an education? people of Rotherham an education?

:55:56. > :55:57.people of Rotherham an education? Can he explain why he is cutting

:55:58. > :55:59.Can he explain why he is cutting Can he explain why he is cutting

:55:59. > :56:01.taxes for millionaires, while young taxes for millionaires, while young

:56:01. > :56:02.people have no future? people have no future?

:56:02. > :56:04.people have no future? people have no future?

:56:04. > :56:06.Let me just tell her in her region, Let me just tell her in her region,

:56:06. > :56:07.Let me just tell her in her region, employment is up by 21,000 in

:56:07. > :56:08.employment is up by 21,000 in employment is up by 21,000 in

:56:08. > :56:11.employment is up by 21,000 in quarter. It is up by 74,000 since

:56:11. > :56:13.quarter. It is up by 74,000 since quarter. It is up by 74,000 since

:56:13. > :56:14.the election. We have taken 192,000 the election. We have taken 192,000

:56:14. > :56:16.the election. We have taken 192,000 the election. We have taken 192,000

:56:16. > :56:17.people in her region out of tax people in her region out of tax

:56:17. > :56:21.altogether and youth unemployment altogether and youth unemployment

:56:21. > :56:22.altogether and youth unemployment is down since the election.

:56:22. > :56:24.is down since the election. is down since the election.

:56:24. > :56:25.Like many others, I welcome last Like many others, I welcome last

:56:25. > :56:26.Like many others, I welcome last week's figures showing that annual

:56:26. > :56:28.week's figures showing that annual week's figures showing that annual

:56:28. > :56:30.week's figures showing that annual net migration has fallen by a third

:56:30. > :56:31.net migration has fallen by a third since the general election.

:56:31. > :56:32.since the general election. since the general election.

:56:32. > :56:33.Does the Prime Minister agree with Does the Prime Minister agree with

:56:33. > :56:35.Does the Prime Minister agree with me that this shows the Government

:56:35. > :56:37.me that this shows the Government is ending uncontrolled immigration

:56:37. > :56:39.is ending uncontrolled immigration is ending uncontrolled immigration

:56:39. > :56:40.while the party opposite has while the party opposite has

:56:40. > :56:40.while the party opposite has opposed every single step that we

:56:41. > :56:42.opposed every single step that we opposed every single step that we

:56:43. > :56:44.opposed every single step that we are take to go bring it down?

:56:44. > :56:45.are take to go bring it down? are take to go bring it down?

:56:45. > :56:47.I think my honourable friend makes I think my honourable friend makes

:56:47. > :56:48.I think my honourable friend makes a worthwhile point. We have taken

:56:48. > :56:50.a worthwhile point. We have taken action right across-the-board to

:56:50. > :56:51.action right across-the-board to deal with the unacceptable

:56:52. > :56:53.deal with the unacceptable deal with the unacceptable

:56:53. > :56:54.situation that we inherited. Under situation that we inherited. Under

:56:54. > :56:56.situation that we inherited. Under the last Government, net migration

:56:56. > :56:57.the last Government, net migration the last Government, net migration

:56:57. > :56:58.the last Government, net migration ran at over 200,000 a year. That

:56:58. > :57:00.ran at over 200,000 a year. That ran at over 200,000 a year. That

:57:00. > :57:01.meant two million over a decade. meant two million over a decade.

:57:01. > :57:02.meant two million over a decade. meant two million over a decade.

:57:02. > :57:03.That is two cities the size of That is two cities the size of

:57:03. > :57:05.That is two cities the size of Birmingham coming and staying in

:57:05. > :57:08.Birmingham coming and staying in Birmingham coming and staying in

:57:08. > :57:08.our country under their busted and our country under their busted and

:57:08. > :57:09.our country under their busted and bankrupt system. Now what we have

:57:09. > :57:10.bankrupt system. Now what we have bankrupt system. Now what we have

:57:10. > :57:11.bankrupt system. Now what we have done is cut that net migration by a

:57:11. > :57:12.done is cut that net migration by a done is cut that net migration by a

:57:12. > :57:13.done is cut that net migration by a third by taking a series of steps,

:57:13. > :57:14.third by taking a series of steps, third by taking a series of steps,

:57:14. > :57:17.third by taking a series of steps, none of which they have they have

:57:17. > :57:18.none of which they have they have none of which they have they have

:57:18. > :57:19.supported. Tonight Tonight we are supported. Tonight Tonight we are

:57:19. > :57:21.supported. Tonight Tonight we are supported. Tonight Tonight we are

:57:21. > :57:22.going to get one of these fake going to get one of these fake

:57:22. > :57:23.apologies from the Leader of the apologies from the Leader of the

:57:23. > :57:26.apologies from the Leader of the Opposition. I suspect it will be

:57:26. > :57:28.Opposition. I suspect it will be Opposition. I suspect it will be

:57:28. > :57:33.Opposition. I suspect it will be every bit of real as his apology

:57:33. > :57:36.every bit of real as his apology every bit of real as his apology

:57:36. > :57:37.every bit of real as his apology for the way he left the country in.

:57:37. > :57:38.for the way he left the country in. for the way he left the country in.

:57:38. > :57:39.Every police station in Croydon Every police station in Croydon

:57:39. > :57:43.Every police station in Croydon North will close down and there

:57:43. > :57:45.North will close down and there North will close down and there

:57:45. > :57:47.will be fewer police officers that will be fewer police officers that

:57:47. > :57:49.will be fewer police officers that existed under the riots. Isn't this

:57:49. > :57:50.existed under the riots. Isn't this existed under the riots. Isn't this

:57:50. > :57:52.another broken promise? First of another broken promise? First of

:57:52. > :57:53.another broken promise? First of all, his figures are wrong. The

:57:53. > :57:55.all, his figures are wrong. The number of neighbourhood police

:57:55. > :58:00.number of neighbourhood police number of neighbourhood police

:58:00. > :58:01.number of neighbourhood police officers in London is up from 895

:58:01. > :58:02.officers in London is up from 895 officers in London is up from 895

:58:02. > :58:04.officers in London is up from 895 to 3,418. Crime is down in the Met

:58:04. > :58:05.to 3,418. Crime is down in the Met to 3,418. Crime is down in the Met

:58:05. > :58:13.and he should be welcoming that and he should be welcoming that

:58:13. > :58:15.rather than criticising it. rather than criticising it.

:58:15. > :58:17.rather than criticising it. rather than criticising it.

:58:17. > :58:19.The Lords say go forth and in The Lords say go forth and in

:58:19. > :58:20.The Lords say go forth and in Eastleigh Labour came fourth! The

:58:20. > :58:22.Eastleigh Labour came fourth! The Eastleigh Labour came fourth! The

:58:22. > :58:23.Prime Minister has observed that Prime Minister has observed that

:58:23. > :58:26.Prime Minister has observed that Prime Minister has observed that

:58:26. > :58:28.UKIP is a party of nut cases, fruit UKIP is a party of nut cases, fruit

:58:28. > :58:29.UKIP is a party of nut cases, fruit cakes and racists. His chair

:58:29. > :58:32.cakes and racists. His chair chairman says the Conservatives

:58:32. > :58:33.chairman says the Conservatives chairman says the Conservatives

:58:33. > :58:34.should form an electoral pact with should form an electoral pact with

:58:34. > :58:35.should form an electoral pact with UKIP. How are the talks going?

:58:35. > :58:36.UKIP. How are the talks going? UKIP. How are the talks going?

:58:36. > :58:39.UKIP. How are the talks going? First of all, can I commend my

:58:39. > :58:41.First of all, can I commend my First of all, can I commend my

:58:41. > :58:42.honourable friend on his splendid honourable friend on his splendid

:58:42. > :58:45.honourable friend on his splendid waistcoat. We will see that, all

:58:45. > :58:46.waistcoat. We will see that, all waistcoat. We will see that, all

:58:46. > :58:46.right, OK, enough already! What I right, OK, enough already! What I

:58:46. > :58:48.right, OK, enough already! What I right, OK, enough already! What I

:58:48. > :58:49.can say is it was a good, honest can say is it was a good, honest

:58:49. > :58:50.can say is it was a good, honest and fair fight in Eastleigh, but

:58:50. > :58:52.and fair fight in Eastleigh, but and fair fight in Eastleigh, but

:58:52. > :58:52.and fair fight in Eastleigh, but what I would be clear about is the

:58:52. > :58:53.what I would be clear about is the what I would be clear about is the

:58:54. > :58:55.party that is meant to be party that is meant to be

:58:55. > :59:01.party that is meant to be challenging as the opposition in

:59:01. > :59:05.challenging as the opposition in our country went nowhere.

:59:05. > :59:07.our country went nowhere. our country went nowhere.

:59:07. > :59:09.Thank you Mr Speaker. My Thank you Mr Speaker. My

:59:09. > :59:10.constituents in Dumfries and constituents in Dumfries and

:59:10. > :59:11.constituents in Dumfries and Galloway are demanding that big

:59:11. > :59:13.Galloway are demanding that big Galloway are demanding that big

:59:13. > :59:14.businesses pay their full taxes. businesses pay their full taxes.

:59:14. > :59:16.businesses pay their full taxes. Like wise, they are determined that

:59:16. > :59:17.Like wise, they are determined that Like wise, they are determined that

:59:17. > :59:19.individuals pay all their taxes. individuals pay all their taxes.

:59:19. > :59:22.individuals pay all their taxes. Prime Minister, you have said that

:59:22. > :59:23.Prime Minister, you have said that Prime Minister, you have said that

:59:23. > :59:24.Prime Minister, you have said that you will pay all taxes too in the

:59:24. > :59:26.you will pay all taxes too in the you will pay all taxes too in the

:59:26. > :59:28.proper way. Next month, will that proper way. Next month, will that

:59:28. > :59:29.proper way. Next month, will that proper way. Next month, will that

:59:29. > :59:30.include any tax that the new 45 include any tax that the new 45

:59:30. > :59:31.include any tax that the new 45 pence rate which you have Prime

:59:31. > :59:31.pence rate which you have Prime pence rate which you have Prime

:59:32. > :59:32.Minister have cut from 50 pence? Minister have cut from 50 pence?

:59:32. > :59:33.Minister have cut from 50 pence? Minister have cut from 50 pence?

:59:33. > :59:35.First of all, can I welcome the First of all, can I welcome the

:59:35. > :59:38.First of all, can I welcome the fact that he support this is

:59:38. > :59:39.fact that he support this is fact that he support this is

:59:39. > :59:41.Government's G8 initiative on tax Government's G8 initiative on tax

:59:41. > :59:42.Government's G8 initiative on tax transparency which we are going to

:59:42. > :59:43.transparency which we are going to transparency which we are going to

:59:43. > :59:46.make progress on. The the reason make progress on. The the reason

:59:46. > :59:47.make progress on. The the reason for replacing the 50 pence rate

:59:47. > :59:49.for replacing the 50 pence rate for replacing the 50 pence rate

:59:49. > :59:52.for replacing the 50 pence rate with the 45 pence rate, the 50

:59:52. > :59:53.with the 45 pence rate, the 50 with the 45 pence rate, the 50

:59:53. > :59:54.pence wasn't raising proper money. pence wasn't raising proper money.

:59:54. > :59:55.pence wasn't raising proper money. pence wasn't raising proper money.

:59:55. > :59:56.That's why for ten years in office, That's why for ten years in office,

:59:56. > :59:57.That's why for ten years in office, That's why for ten years in office,

:59:57. > :59:58.the Labour Party never put this in the Labour Party never put this in

:59:58. > :00:00.the Labour Party never put this in place and that's why under this

:00:00. > :00:01.place and that's why under this place and that's why under this

:00:01. > :00:02.Government the 45 pence rate will Government the 45 pence rate will

:00:02. > :00:09.Government the 45 pence rate will Government the 45 pence rate will

:00:09. > :00:11.be higher than the rate than ever be higher than the rate than ever

:00:11. > :00:12.be higher than the rate than ever be higher than the rate than ever

:00:12. > :00:15.it was when the two Labour Party it was when the two Labour Party

:00:15. > :00:17.it was when the two Labour Party members were sitting in the casino.

:00:17. > :00:18.members were sitting in the casino. members were sitting in the casino.

:00:18. > :00:20.The blight fear and anxiety this The blight fear and anxiety this

:00:20. > :00:21.project generates hit my project generates hit my

:00:21. > :00:25.project generates hit my constituency on 28th January with

:00:25. > :00:28.constituency on 28th January with constituency on 28th January with

:00:28. > :00:29.the announcement. Of the extented the announcement. Of the extented

:00:29. > :00:32.the announcement. Of the extented route -- extented route and

:00:32. > :00:34.route -- extented route and constituents can't sell their

:00:34. > :00:36.constituents can't sell their constituents can't sell their

:00:36. > :00:38.houses. Can my right honourable houses. Can my right honourable

:00:38. > :00:39.friend ensure that representatives friend ensure that representatives

:00:39. > :00:40.friend ensure that representatives of HS2 visit my constituency to

:00:40. > :00:41.of HS2 visit my constituency to of HS2 visit my constituency to

:00:41. > :00:43.address the concerns of my address the concerns of my

:00:43. > :00:45.constituents about this project? constituents about this project?

:00:45. > :00:46.constituents about this project? constituents about this project?

:00:46. > :00:47.I am happy to make sure that what I am happy to make sure that what

:00:47. > :00:50.I am happy to make sure that what my honourable friend asked for

:00:50. > :00:51.my honourable friend asked for my honourable friend asked for

:00:51. > :00:53.happens. I understand that when you happens. I understand that when you

:00:53. > :00:53.happens. I understand that when you happens. I understand that when you

:00:53. > :00:54.launch a project like HS2 it does launch a project like HS2 it does

:00:55. > :00:56.launch a project like HS2 it does launch a project like HS2 it does

:00:56. > :00:57.cause a lot of local concern and cause a lot of local concern and

:00:57. > :00:59.cause a lot of local concern and local unease. That's why we are

:00:59. > :01:00.local unease. That's why we are local unease. That's why we are

:01:00. > :01:01.putting in place a consultation and putting in place a consultation and

:01:01. > :01:02.putting in place a consultation and putting in place a consultation and

:01:02. > :01:03.that's why we will put in place a that's why we will put in place a

:01:03. > :01:04.that's why we will put in place a generous compensation scheme. But I

:01:04. > :01:06.generous compensation scheme. But I generous compensation scheme. But I

:01:06. > :01:07.generous compensation scheme. But I would say, if we are going to win

:01:08. > :01:08.would say, if we are going to win would say, if we are going to win

:01:09. > :01:10.in the global race economically, we in the global race economically, we

:01:10. > :01:14.in the global race economically, we in the global race economically, we

:01:14. > :01:14.have got to make sure we invest in have got to make sure we invest in

:01:14. > :01:17.new infrastructure, bridges, new infrastructure, bridges,

:01:17. > :01:18.tunnels or railways, including tunnels or railways, including

:01:18. > :01:19.tunnels or railways, including high-speed rail. The rest of the

:01:19. > :01:23.high-speed rail. The rest of the high-speed rail. The rest of the

:01:23. > :01:30.high-speed rail. The rest of the world is getting on board a high-

:01:30. > :01:31.speed revolution. speed revolution.

:01:31. > :01:34.speed revolution. speed revolution.

:01:34. > :01:35.Taking the exact sum out of the Taking the exact sum out of the

:01:35. > :01:38.care sectors early intervention care sectors early intervention

:01:38. > :01:38.care sectors early intervention care sectors early intervention

:01:38. > :01:40.grant seems to be a classic example grant seems to be a classic example

:01:40. > :01:41.grant seems to be a classic example grant seems to be a classic example

:01:41. > :01:42.of giving with one hand and taking of giving with one hand and taking

:01:42. > :01:43.of giving with one hand and taking with the other, is the Prime

:01:43. > :01:46.with the other, is the Prime with the other, is the Prime

:01:46. > :01:48.Minister not acting in a manner Minister not acting in a manner

:01:48. > :01:49.Minister not acting in a manner more usually associated with his

:01:49. > :01:51.more usually associated with his more usually associated with his

:01:51. > :01:53.coalition partners? It is important coalition partners? It is important

:01:53. > :01:55.coalition partners? It is important we make progress with rates of

:01:55. > :01:56.we make progress with rates of we make progress with rates of

:01:56. > :01:57.adoption in in our country. Too adoption in in our country. Too

:01:57. > :01:57.adoption in in our country. Too adoption in in our country. Too

:01:57. > :01:58.many children are left too long in many children are left too long in

:01:58. > :01:59.many children are left too long in many children are left too long in

:01:59. > :02:01.care when we know there are loving care when we know there are loving

:02:01. > :02:02.care when we know there are loving homes they could be adopted into.

:02:02. > :02:03.homes they could be adopted into. homes they could be adopted into.

:02:04. > :02:05.Taking some of that money and Taking some of that money and

:02:05. > :02:06.really encouraging local really encouraging local

:02:06. > :02:07.really encouraging local authorities to raise their game to

:02:07. > :02:08.authorities to raise their game to authorities to raise their game to

:02:08. > :02:10.improve what they do can transform improve what they do can transform

:02:10. > :02:11.improve what they do can transform the life chances of other people

:02:11. > :02:11.the life chances of other people the life chances of other people

:02:11. > :02:13.the life chances of other people who would be stuck in care and we

:02:13. > :02:14.who would be stuck in care and we who would be stuck in care and we

:02:14. > :02:14.who would be stuck in care and we know the State is not a good parent

:02:14. > :02:15.know the State is not a good parent know the State is not a good parent

:02:15. > :02:16.know the State is not a good parent and we want to see more children

:02:16. > :02:17.and we want to see more children and we want to see more children

:02:17. > :02:23.adopted more quickly so more can adopted more quickly so more can

:02:23. > :02:24.adopted more quickly so more can grow up in a loving home.

:02:24. > :02:29.grow up in a loving home. grow up in a loving home.

:02:29. > :02:31.grow up in a loving home. New car sales are up 8% in February.

:02:32. > :02:32.New car sales are up 8% in February. New car sales are up 8% in February.

:02:32. > :02:33.New car sales are up 8% in February. I am happy to join my honourable

:02:33. > :02:35.I am happy to join my honourable I am happy to join my honourable

:02:35. > :02:36.friend in that. The economy is friend in that. The economy is

:02:36. > :02:39.friend in that. The economy is rebalancing. We are seeing that in

:02:39. > :02:39.rebalancing. We are seeing that in rebalancing. We are seeing that in

:02:39. > :02:40.rebalancing. We are seeing that in the export figures to some of the

:02:40. > :02:41.the export figures to some of the the export figures to some of the

:02:41. > :02:42.fastest growing countries in the fastest growing countries in the

:02:42. > :02:43.fastest growing countries in the world. There are one million more

:02:43. > :02:44.world. There are one million more world. There are one million more

:02:44. > :02:46.people in private sector jobs. The people in private sector jobs. The

:02:46. > :02:47.people in private sector jobs. The rate of new business creation is

:02:47. > :02:48.rate of new business creation is rate of new business creation is

:02:48. > :02:49.rate of new business creation is the fast fastest now than it has

:02:49. > :02:53.the fast fastest now than it has the fast fastest now than it has

:02:53. > :02:55.been in our history. Our economy been in our history. Our economy

:02:55. > :02:57.been in our history. Our economy been in our history. Our economy

:02:57. > :02:58.employs more people than it it has employs more people than it it has

:02:58. > :02:58.employs more people than it it has employs more people than it it has

:02:58. > :03:00.done in our history. The deficit is done in our history. The deficit is

:03:00. > :03:01.done in our history. The deficit is done in our history. The deficit is

:03:01. > :03:02.down by a quarter. We are taking down by a quarter. We are taking

:03:02. > :03:03.down by a quarter. We are taking down by a quarter. We are taking

:03:03. > :03:04.the steps we need to get our the steps we need to get our

:03:04. > :03:05.the steps we need to get our economy moving and we have nothing

:03:05. > :03:09.economy moving and we have nothing constructive from the party

:03:09. > :03:10.opposite. opposite.

:03:10. > :03:11.opposite. opposite.

:03:11. > :03:12.I am delighted to hear the Prime I am delighted to hear the Prime

:03:12. > :03:13.I am delighted to hear the Prime I am delighted to hear the Prime

:03:13. > :03:14.Minister say he agrees the pay day Minister say he agrees the pay day

:03:14. > :03:15.loan industry is irresponsible. loan industry is irresponsible.

:03:15. > :03:17.loan industry is irresponsible. loan industry is irresponsible.

:03:17. > :03:18.Will he commit to do the one thing Will he commit to do the one thing

:03:18. > :03:18.Will he commit to do the one thing Will he commit to do the one thing

:03:18. > :03:20.we know would make a difference and we know would make a difference and

:03:20. > :03:21.we know would make a difference and cut the charges of illegal loan

:03:21. > :03:22.cut the charges of illegal loan cut the charges of illegal loan

:03:22. > :03:24.sharks, yes or no? The most sharks, yes or no? The most

:03:24. > :03:25.sharks, yes or no? The most important thing today is to welcome

:03:25. > :03:26.important thing today is to welcome important thing today is to welcome

:03:26. > :03:27.important thing today is to welcome what the Office of Fair Trading is

:03:27. > :03:28.what the Office of Fair Trading is what the Office of Fair Trading is

:03:28. > :03:29.doing which is putting these doing which is putting these

:03:29. > :03:30.doing which is putting these companies on notice, but it is

:03:30. > :03:31.companies on notice, but it is companies on notice, but it is

:03:31. > :03:32.companies on notice, but it is worth making the point that if you

:03:32. > :03:33.worth making the point that if you worth making the point that if you

:03:33. > :03:35.don't have an effective regulated don't have an effective regulated

:03:35. > :03:35.don't have an effective regulated sector, you see more dangers from

:03:35. > :03:36.sector, you see more dangers from sector, you see more dangers from

:03:36. > :03:39.sector, you see more dangers from loan sharks which is the point the

:03:39. > :03:41.loan sharks which is the point the lady is making.

:03:41. > :03:41.lady is making. lady is making.

:03:41. > :03:43.lady is making. This week, the 45 million people of

:03:43. > :03:45.This week, the 45 million people of This week, the 45 million people of

:03:45. > :03:45.Kenya, one of the fastest emerging Kenya, one of the fastest emerging

:03:45. > :03:46.Kenya, one of the fastest emerging Kenya, one of the fastest emerging

:03:46. > :03:47.markets went to the polls to elect markets went to the polls to elect

:03:47. > :03:48.markets went to the polls to elect a new Government under a new

:03:48. > :03:49.a new Government under a new constitution. Yesterday, I came

:03:49. > :03:52.constitution. Yesterday, I came constitution. Yesterday, I came

:03:52. > :03:54.constitution. Yesterday, I came back from the funeral in Kenya of

:03:54. > :03:55.back from the funeral in Kenya of back from the funeral in Kenya of

:03:55. > :03:56.back from the funeral in Kenya of Dr Anthony King, he was killed last

:03:56. > :03:57.Dr Anthony King, he was killed last Dr Anthony King, he was killed last

:03:57. > :04:00.week. Will the Prime Minister take week. Will the Prime Minister take

:04:00. > :04:01.week. Will the Prime Minister take this opportunity to send our

:04:02. > :04:02.this opportunity to send our this opportunity to send our

:04:03. > :04:03.condolences to Dr King's people and condolences to Dr King's people and

:04:03. > :04:07.condolences to Dr King's people and condolences to Dr King's people and

:04:07. > :04:08.our support to the people of Kenya? our support to the people of Kenya?

:04:08. > :04:09.our support to the people of Kenya? I commend my honourable friend for

:04:09. > :04:11.I commend my honourable friend for I commend my honourable friend for

:04:11. > :04:12.raising this issue and I pay raising this issue and I pay

:04:12. > :04:13.raising this issue and I pay raising this issue and I pay

:04:13. > :04:15.tribute to Anthony King and I know tribute to Anthony King and I know

:04:15. > :04:15.tribute to Anthony King and I know tribute to Anthony King and I know

:04:15. > :04:18.he travelled to Kenya to to speak he travelled to Kenya to to speak

:04:18. > :04:19.he travelled to Kenya to to speak he travelled to Kenya to to speak

:04:19. > :04:22.at his funeral. We want to see at his funeral. We want to see

:04:22. > :04:25.at his funeral. We want to see proper, free and fair elections,

:04:25. > :04:29.proper, free and fair elections, proper, free and fair elections,

:04:29. > :04:30.completed in Kenya and a proper completed in Kenya and a proper

:04:30. > :04:40.democratically elected Government democratically elected Government

:04:40. > :05:16.

:05:16. > :05:18.Full let's get reaction from our Full let's get reaction from our

:05:18. > :05:19.Full let's get reaction from our team in the second. Diane from Truro

:05:19. > :05:20.team in the second. Diane from Truro team in the second. Diane from Truro

:05:20. > :05:21.team in the second. Diane from Truro said it was an excellent day from

:05:22. > :05:25.said it was an excellent day from said it was an excellent day from

:05:25. > :05:26.Mister Miliband, who exposed the Mister Miliband, who exposed the

:05:26. > :05:26.Mister Miliband, who exposed the Mister Miliband, who exposed the

:05:26. > :05:29.political floor in the "we are all political floor in the "we are all

:05:29. > :05:31.political floor in the "we are all in this together" message. But

:05:31. > :05:34.in this together" message. But in this together" message. But

:05:34. > :05:35.another viewer says, can Miliband be another viewer says, can Miliband be

:05:35. > :05:36.prosecuted under the trade prosecuted under the trade

:05:36. > :05:37.prosecuted under the trade descriptions act as the bedroom tax

:05:37. > :05:38.descriptions act as the bedroom tax descriptions act as the bedroom tax

:05:38. > :05:38.descriptions act as the bedroom tax descriptions act as the bedroom tax

:05:39. > :05:40.is not a tax? John in Surrey dash it is not a tax? John in Surrey dash it

:05:40. > :05:41.is not a tax? John in Surrey dash it is clear that David Cameron is

:05:41. > :05:41.is clear that David Cameron is is clear that David Cameron is

:05:42. > :05:43.is clear that David Cameron is trying to ram home the message about

:05:43. > :05:44.trying to ram home the message about trying to ram home the message about

:05:44. > :05:44.Labour playing fast and loose with Labour playing fast and loose with

:05:44. > :05:45.Labour playing fast and loose with the economy by calling them

:05:45. > :05:46.the economy by calling them the economy by calling them

:05:46. > :05:47.the economy by calling them croupiers will stop trying to get at

:05:47. > :05:48.croupiers will stop trying to get at croupiers will stop trying to get at

:05:48. > :05:50.croupiers will stop trying to get at Villa band is a cunning tactic by

:05:51. > :05:53.Villa band is a cunning tactic by Villa band is a cunning tactic by

:05:53. > :05:55.Mister Cameron to steer the debate Mister Cameron to steer the debate

:05:55. > :05:56.Mister Cameron to steer the debate away from the poor easterly

:05:56. > :05:59.away from the poor easterly by-election performance. Another

:05:59. > :06:00.by-election performance. Another by-election performance. Another

:06:00. > :06:01.by-election performance. Another viewer says Ed Miliband knows how to

:06:01. > :06:02.viewer says Ed Miliband knows how to viewer says Ed Miliband knows how to

:06:02. > :06:03.viewer says Ed Miliband knows how to score an own goal by referring to

:06:03. > :06:04.score an own goal by referring to score an own goal by referring to

:06:04. > :06:05.score an own goal by referring to what went on in 2008. How will

:06:05. > :06:06.what went on in 2008. How will what went on in 2008. How will

:06:06. > :06:08.what went on in 2008. How will Labour pay for spending in future if

:06:08. > :06:09.Labour pay for spending in future if Labour pay for spending in future if

:06:09. > :06:10.bankers either leave the UK or bankers either leave the UK or

:06:11. > :06:14.bankers either leave the UK or contribute less to lower taxation?

:06:14. > :06:17.contribute less to lower taxation? contribute less to lower taxation?

:06:17. > :06:19.Another says Ed Miliband's attack on Another says Ed Miliband's attack on

:06:19. > :06:20.Another says Ed Miliband's attack on bank bonuses is the height of

:06:20. > :06:21.bank bonuses is the height of bank bonuses is the height of

:06:21. > :06:22.bank bonuses is the height of hypocrisy, as Gordon Brown set a tax

:06:22. > :06:23.hypocrisy, as Gordon Brown set a tax hypocrisy, as Gordon Brown set a tax

:06:23. > :06:25.trap for the Tories which they trap for the Tories which they

:06:25. > :06:26.unfortunately jumped into headfirst. unfortunately jumped into headfirst.

:06:26. > :06:28.unfortunately jumped into headfirst. This economic debate is getting a

:06:28. > :06:29.This economic debate is getting a This economic debate is getting a

:06:29. > :06:30.This economic debate is getting a bit long in the tooth. It is like

:06:30. > :06:31.bit long in the tooth. It is like bit long in the tooth. It is like

:06:31. > :06:32.bit long in the tooth. It is like groundhog day when we do it, and

:06:32. > :06:36.groundhog day when we do it, and groundhog day when we do it, and

:06:36. > :06:37.groundhog day when we do it, and there are another two years to go.

:06:37. > :06:38.there are another two years to go. there are another two years to go.

:06:38. > :06:38.there are another two years to go. there are another two years to go.

:06:38. > :06:42.We in, week out, it boils down to a We in, week out, it boils down to a

:06:42. > :06:43.We in, week out, it boils down to a handful of words. More and more,

:06:43. > :06:45.handful of words. More and more, handful of words. More and more,

:06:45. > :06:46.both sides are market researching both sides are market researching

:06:46. > :06:47.both sides are market researching both sides are market researching

:06:47. > :06:48.phrases that they want to use and phrases that they want to use and

:06:48. > :06:50.phrases that they want to use and then relentlessly repeating the will

:06:50. > :06:51.then relentlessly repeating the will then relentlessly repeating the will

:06:51. > :06:52.stop Ed Miliband used the phrase stop Ed Miliband used the phrase

:06:52. > :06:55.stop Ed Miliband used the phrase bedroom tax. Again and again, in

:06:55. > :06:57.bedroom tax. Again and again, in bedroom tax. Again and again, in

:06:57. > :06:58.that exchange, David Cameron talked that exchange, David Cameron talked

:06:58. > :06:59.that exchange, David Cameron talked about the croupiers in the casino.

:06:59. > :07:00.about the croupiers in the casino. about the croupiers in the casino.

:07:00. > :07:01.In simple terms, Labour are saying In simple terms, Labour are saying

:07:01. > :07:03.In simple terms, Labour are saying In simple terms, Labour are saying

:07:03. > :07:04.the Tories are on the wrong side. the Tories are on the wrong side.

:07:04. > :07:04.the Tories are on the wrong side. the Tories are on the wrong side.

:07:04. > :07:06.The Tories are saying, you were in The Tories are saying, you were in

:07:06. > :07:07.The Tories are saying, you were in The Tories are saying, you were in

:07:07. > :07:09.charge when it went wrong, so you charge when it went wrong, so you

:07:09. > :07:10.charge when it went wrong, so you can't attack us. Underneath it,

:07:10. > :07:12.can't attack us. Underneath it, can't attack us. Underneath it,

:07:12. > :07:14.can't attack us. Underneath it, there was a bit of substance, to,

:07:14. > :07:15.there was a bit of substance, to, there was a bit of substance, to,

:07:15. > :07:16.which is on what David Cameron which is on what David Cameron

:07:17. > :07:20.which is on what David Cameron which is on what David Cameron

:07:20. > :07:20.wanted to rebrand as the spare room wanted to rebrand as the spare room

:07:20. > :07:21.wanted to rebrand as the spare room wanted to rebrand as the spare room

:07:21. > :07:22.subsidy, although it is a bit late subsidy, although it is a bit late

:07:22. > :07:23.subsidy, although it is a bit late to change the language most people

:07:23. > :07:25.to change the language most people to change the language most people

:07:25. > :07:27.are using, the bedroom tax. But are using, the bedroom tax. But

:07:27. > :07:28.are using, the bedroom tax. But there was substance over the money

:07:28. > :07:31.there was substance over the money there was substance over the money

:07:31. > :07:32.there was substance over the money to help people who are disabled and

:07:32. > :07:33.to help people who are disabled and to help people who are disabled and

:07:33. > :07:35.whether it actually covers all of whether it actually covers all of

:07:35. > :07:36.whether it actually covers all of whether it actually covers all of

:07:36. > :07:37.the people who are disabled and are the people who are disabled and are

:07:37. > :07:38.the people who are disabled and are suffering as a result of the

:07:38. > :07:38.suffering as a result of the suffering as a result of the

:07:38. > :07:39.decision to take money away from decision to take money away from

:07:39. > :07:40.decision to take money away from decision to take money away from

:07:40. > :07:45.people who have a spare room and are people who have a spare room and are

:07:45. > :07:46.people who have a spare room and are in social housing. The Labour

:07:46. > :07:46.in social housing. The Labour in social housing. The Labour

:07:46. > :07:47.in social housing. The Labour argument is that the people who are

:07:47. > :07:48.argument is that the people who are argument is that the people who are

:07:48. > :07:50.argument is that the people who are not sick enough to have to pay for

:07:50. > :07:51.not sick enough to have to pay for not sick enough to have to pay for

:07:51. > :07:52.not sick enough to have to pay for their care, for example a couple who

:07:52. > :07:53.their care, for example a couple who their care, for example a couple who

:07:53. > :07:55.want to sleep in different rooms want to sleep in different rooms

:07:55. > :07:56.want to sleep in different rooms want to sleep in different rooms

:07:56. > :07:56.because one of them is extremely ill because one of them is extremely ill

:07:56. > :07:57.because one of them is extremely ill because one of them is extremely ill

:07:57. > :08:01.and the other one does not get any and the other one does not get any

:08:01. > :08:01.and the other one does not get any sleep, they will lose housing

:08:01. > :08:02.sleep, they will lose housing sleep, they will lose housing

:08:02. > :08:05.sleep, they will lose housing benefit as a result of, in theory,

:08:05. > :08:05.benefit as a result of, in theory, benefit as a result of, in theory,

:08:05. > :08:08.benefit as a result of, in theory, having a spare room. Is it Labour's

:08:08. > :08:08.having a spare room. Is it Labour's having a spare room. Is it Labour's

:08:08. > :08:12.position that housing benefit should position that housing benefit should

:08:12. > :08:12.position that housing benefit should position that housing benefit should

:08:12. > :08:14.not be changed? To come back on what not be changed? To come back on what

:08:14. > :08:15.not be changed? To come back on what Nick said about market research,

:08:15. > :08:16.Nick said about market research, Nick said about market research,

:08:16. > :08:18.people come to our constituency people come to our constituency

:08:18. > :08:21.people come to our constituency surgeries week in, week out, and

:08:21. > :08:21.surgeries week in, week out, and surgeries week in, week out, and

:08:22. > :08:24.surgeries week in, week out, and tell us about this. He said some of

:08:24. > :08:25.tell us about this. He said some of tell us about this. He said some of

:08:25. > :08:27.tell us about this. He said some of the language you were using might be

:08:27. > :08:28.the language you were using might be the language you were using might be

:08:28. > :08:29.based on market research. Well, based on market research. Well,

:08:29. > :08:30.based on market research. Well, based on market research. Well,

:08:30. > :08:31.people are telling us, my husband is people are telling us, my husband is

:08:31. > :08:31.people are telling us, my husband is people are telling us, my husband is

:08:31. > :08:33.disabled, I have to sleep in the disabled, I have to sleep in the

:08:33. > :08:34.disabled, I have to sleep in the disabled, I have to sleep in the

:08:34. > :08:35.next room in order to care for him next room in order to care for him

:08:35. > :08:35.next room in order to care for him next room in order to care for him

:08:36. > :08:36.during the day. Unless you have paid during the day. Unless you have paid

:08:37. > :08:38.during the day. Unless you have paid during the day. Unless you have paid

:08:38. > :08:39.care are coming in over night, you care are coming in over night, you

:08:39. > :08:41.care are coming in over night, you care are coming in over night, you

:08:41. > :08:42.will be affected by the bedroom tax. will be affected by the bedroom tax.

:08:42. > :08:45.will be affected by the bedroom tax. Last Friday, people were crying

:08:45. > :08:46.Last Friday, people were crying Last Friday, people were crying

:08:46. > :08:47.Last Friday, people were crying because they have an eight x 7'

:08:47. > :08:48.because they have an eight x 7' because they have an eight x 7'

:08:48. > :08:49.bedroom in which their son is bedroom in which their son is

:08:49. > :08:50.bedroom in which their son is sleeping, and their son is now

:08:50. > :08:51.sleeping, and their son is now sleeping, and their son is now

:08:51. > :08:51.sleeping, and their son is now expected to share a bedroom with his

:08:52. > :08:52.expected to share a bedroom with his expected to share a bedroom with his

:08:52. > :08:54.brother and the whole family is brother and the whole family is

:08:54. > :08:54.brother and the whole family is supposed to move house. This ignores

:08:55. > :08:57.supposed to move house. This ignores supposed to move house. This ignores

:08:57. > :08:58.supposed to move house. This ignores the reality of life when people have

:08:59. > :09:00.the reality of life when people have the reality of life when people have

:09:00. > :09:02.spent money, decorated their homes, spent money, decorated their homes,

:09:02. > :09:03.spent money, decorated their homes, put gardens down and are now

:09:03. > :09:03.put gardens down and are now put gardens down and are now

:09:03. > :09:06.expected to suddenly move into expected to suddenly move into

:09:06. > :09:07.smaller accommodation, often with smaller accommodation, often with

:09:07. > :09:10.smaller accommodation, often with teenage children who may want space

:09:10. > :09:11.teenage children who may want space teenage children who may want space

:09:11. > :09:12.teenage children who may want space to do their homework, and they are

:09:12. > :09:13.to do their homework, and they are to do their homework, and they are

:09:13. > :09:14.being penalised. If they were in being penalised. If they were in

:09:14. > :09:15.being penalised. If they were in being penalised. If they were in

:09:15. > :09:17.their own home, they would have a their own home, they would have a

:09:17. > :09:17.their own home, they would have a bedroom for each child, because they

:09:17. > :09:19.bedroom for each child, because they bedroom for each child, because they

:09:19. > :09:20.bedroom for each child, because they are in a council home, they are not

:09:20. > :09:21.are in a council home, they are not are in a council home, they are not

:09:21. > :09:23.are in a council home, they are not allowed to do that. One woman said,

:09:23. > :09:24.allowed to do that. One woman said, allowed to do that. One woman said,

:09:24. > :09:24.I don't feel like a second-class I don't feel like a second-class

:09:24. > :09:25.I don't feel like a second-class I don't feel like a second-class

:09:25. > :09:26.citizen, I feel like a piece of citizen, I feel like a piece of

:09:26. > :09:30.citizen, I feel like a piece of rubbish that has been underway by

:09:30. > :09:31.rubbish that has been underway by rubbish that has been underway by

:09:31. > :09:33.the government. Ed Vaizey? Mary is the government. Ed Vaizey? Mary is

:09:33. > :09:35.the government. Ed Vaizey? Mary is using emotive language. People are

:09:35. > :09:37.using emotive language. People are using emotive language. People are

:09:37. > :09:37.in tears. The last Labour government in tears. The last Labour government

:09:37. > :09:38.in tears. The last Labour government talked about tackling this, and we

:09:38. > :09:41.talked about tackling this, and we talked about tackling this, and we

:09:41. > :09:42.talked about tackling this, and we are trying to tackle it. If you have

:09:42. > :09:43.are trying to tackle it. If you have are trying to tackle it. If you have

:09:43. > :09:47.criticisms, fair enough, but we need criticisms, fair enough, but we need

:09:47. > :09:49.criticisms, fair enough, but we need to know the alternative. My

:09:49. > :09:50.to know the alternative. My to know the alternative. My

:09:50. > :09:51.constituents know that they could constituents know that they could

:09:51. > :09:53.constituents know that they could reduce the waiting list if they

:09:53. > :09:54.reduce the waiting list if they reduce the waiting list if they

:09:54. > :09:55.equated occupancy rates with people equated occupancy rates with people

:09:55. > :09:57.equated occupancy rates with people in social housing. There are

:09:57. > :09:58.in social housing. There are in social housing. There are

:09:58. > :09:59.something like 1.4 million bedrooms something like 1.4 million bedrooms

:09:59. > :10:00.something like 1.4 million bedrooms something like 1.4 million bedrooms

:10:00. > :10:03.that could be used. If you want to that could be used. If you want to

:10:03. > :10:06.that could be used. If you want to reduce housing waiting lists, if you

:10:06. > :10:07.reduce housing waiting lists, if you reduce housing waiting lists, if you

:10:07. > :10:07.want to use housing more want to use housing more

:10:08. > :10:09.want to use housing more effectively, you have to put changes

:10:09. > :10:10.effectively, you have to put changes effectively, you have to put changes

:10:10. > :10:13.effectively, you have to put changes in place. With a lot of injustice in

:10:13. > :10:14.in place. With a lot of injustice in in place. With a lot of injustice in

:10:14. > :10:15.the process? Labour are the the process? Labour are the

:10:15. > :10:16.the process? Labour are the opposition and can critique the

:10:16. > :10:18.opposition and can critique the opposition and can critique the

:10:18. > :10:19.policies we are putting forward, but policies we are putting forward, but

:10:19. > :10:19.policies we are putting forward, but policies we are putting forward, but

:10:19. > :10:20.they also have to put forward an they also have to put forward an

:10:20. > :10:21.they also have to put forward an they also have to put forward an

:10:21. > :10:26.alternative. Do they think this is a alternative. Do they think this is a

:10:26. > :10:27.alternative. Do they think this is a problem that should be tackled?

:10:27. > :10:28.problem that should be tackled? problem that should be tackled?

:10:28. > :10:29.think the housing benefit bill is think the housing benefit bill is

:10:29. > :10:30.think the housing benefit bill is think the housing benefit bill is

:10:30. > :10:31.too high and we want to crack down too high and we want to crack down

:10:31. > :10:32.too high and we want to crack down on rogue landlords because some of

:10:32. > :10:33.on rogue landlords because some of on rogue landlords because some of

:10:33. > :10:34.on rogue landlords because some of these homes are not fit to live in.

:10:34. > :10:35.these homes are not fit to live in. these homes are not fit to live in.

:10:35. > :10:37.these homes are not fit to live in. We would rather see that money spent

:10:37. > :10:37.We would rather see that money spent We would rather see that money spent

:10:38. > :10:40.building affordable housing that we building affordable housing that we

:10:40. > :10:41.building affordable housing that we need for these families. The

:10:41. > :10:42.need for these families. The need for these families. The

:10:42. > :10:43.question is, how many people in question is, how many people in

:10:43. > :10:45.question is, how many people in Wantage will actually move house?

:10:45. > :10:47.Wantage will actually move house? Wantage will actually move house?

:10:47. > :10:49.Wantage will actually move house? People will absorb that �20 a week

:10:49. > :10:50.People will absorb that �20 a week People will absorb that �20 a week

:10:50. > :10:50.extra, and people already struggling extra, and people already struggling

:10:51. > :10:51.extra, and people already struggling extra, and people already struggling

:10:51. > :10:52.to pay their bills and put fuel in to pay their bills and put fuel in

:10:52. > :10:53.to pay their bills and put fuel in to pay their bills and put fuel in

:10:53. > :10:54.their car will have to make tough their car will have to make tough

:10:54. > :10:55.their car will have to make tough their car will have to make tough

:10:55. > :10:59.choices about the food they put on choices about the food they put on

:10:59. > :11:00.choices about the food they put on choices about the food they put on

:11:00. > :11:01.the table for their families. the table for their families.

:11:01. > :11:02.the table for their families. the table for their families.

:11:02. > :11:08.now know that Labour does not want now know that Labour does not want

:11:09. > :11:09.now know that Labour does not want to tackle this issue. We are

:11:09. > :11:10.to tackle this issue. We are to tackle this issue. We are

:11:10. > :11:13.tackling the issue of under tackling the issue of under

:11:13. > :11:15.tackling the issue of under occupancy in homes. It is

:11:15. > :11:16.occupancy in homes. It is occupancy in homes. It is

:11:16. > :11:18.interesting for Westminster what is interesting for Westminster what is

:11:18. > :11:20.interesting for Westminster what is to see Theresa May and Philip

:11:20. > :11:20.to see Theresa May and Philip to see Theresa May and Philip

:11:21. > :11:21.Hammond sitting together. Yes, the Hammond sitting together. Yes, the

:11:21. > :11:28.Hammond sitting together. Yes, the National union of ministers, as

:11:28. > :11:29.National union of ministers, as National union of ministers, as

:11:29. > :11:34.National union of ministers, as Vince cable put it. Mrs May is

:11:34. > :11:35.Vince cable put it. Mrs May is Vince cable put it. Mrs May is

:11:35. > :11:36.positioning herself for a leadership positioning herself for a leadership

:11:36. > :11:37.positioning herself for a leadership future. And there was talk that

:11:37. > :11:39.future. And there was talk that future. And there was talk that

:11:39. > :11:40.Philip Hammond could be her Philip Hammond could be her

:11:40. > :11:42.Philip Hammond could be her Chancellor. We love this sort of

:11:42. > :11:43.Chancellor. We love this sort of Chancellor. We love this sort of

:11:43. > :11:43.stuff. We talked before Prime stuff. We talked before Prime

:11:44. > :11:44.stuff. We talked before Prime Minister's Questions about the level

:11:44. > :11:47.Minister's Questions about the level Minister's Questions about the level

:11:47. > :11:48.of muttering and manoeuvring going of muttering and manoeuvring going

:11:48. > :11:49.of muttering and manoeuvring going of muttering and manoeuvring going

:11:49. > :11:49.of muttering and manoeuvring going on. When you see it over a glass of

:11:49. > :11:52.on. When you see it over a glass of on. When you see it over a glass of

:11:52. > :11:54.on. When you see it over a glass of wine or a cup of coffee and have

:11:54. > :11:54.wine or a cup of coffee and have these conversations, Theresa May's

:11:55. > :11:56.these conversations, Theresa May's these conversations, Theresa May's

:11:56. > :11:57.name comes up as an alternative name comes up as an alternative

:11:57. > :11:58.name comes up as an alternative name comes up as an alternative

:11:58. > :11:59.leader. Those of us who have been in leader. Those of us who have been in

:11:59. > :12:00.leader. Those of us who have been in politics a long time will remember

:12:00. > :12:01.politics a long time will remember politics a long time will remember

:12:01. > :12:02.politics a long time will remember that a lot of people have been

:12:03. > :12:03.that a lot of people have been mentioned as future prime

:12:03. > :12:04.mentioned as future prime mentioned as future prime

:12:04. > :12:07.ministers, who have not really last ministers, who have not really last

:12:07. > :12:09.ministers, who have not really last ministers, who have not really last

:12:09. > :12:10.of the course. But there is no doubt of the course. But there is no doubt

:12:10. > :12:11.of the course. But there is no doubt that Theresa May's stock is high.

:12:11. > :12:11.that Theresa May's stock is high. that Theresa May's stock is high.

:12:12. > :12:12.that Theresa May's stock is high. that Theresa May's stock is high.

:12:12. > :12:13.She is seen as one of the few who She is seen as one of the few who

:12:13. > :12:15.She is seen as one of the few who She is seen as one of the few who

:12:15. > :12:16.managed to fulfil the job at Home managed to fulfil the job at Home

:12:16. > :12:16.managed to fulfil the job at Home Office without dropping the ball.

:12:17. > :12:17.Office without dropping the ball. Office without dropping the ball.

:12:17. > :12:19.Office without dropping the ball. There was a series of Labour Home

:12:19. > :12:20.There was a series of Labour Home There was a series of Labour Home

:12:20. > :12:21.Secretary's who had to resign after Secretary's who had to resign after

:12:21. > :12:23.Secretary's who had to resign after alleged scandals or policy failures,

:12:23. > :12:24.alleged scandals or policy failures, alleged scandals or policy failures,

:12:24. > :12:26.alleged scandals or policy failures, so the fact that she is still there

:12:26. > :12:27.so the fact that she is still there so the fact that she is still there

:12:27. > :12:28.so the fact that she is still there is regarded as a success on the Tory

:12:29. > :12:29.is regarded as a success on the Tory is regarded as a success on the Tory

:12:29. > :12:30.backbenches. So she is fashionable backbenches. So she is fashionable

:12:30. > :12:31.backbenches. So she is fashionable backbenches. So she is fashionable

:12:31. > :12:32.at the moment, and she and Philip at the moment, and she and Philip

:12:32. > :12:33.at the moment, and she and Philip Hammond are among the Cabinet

:12:33. > :12:35.Hammond are among the Cabinet Hammond are among the Cabinet

:12:35. > :12:35.ministers fighting not to have their ministers fighting not to have their

:12:36. > :12:36.ministers fighting not to have their ministers fighting not to have their

:12:36. > :12:42.budgets cut in the latest round of budgets cut in the latest round of

:12:42. > :12:43.budgets cut in the latest round of cuts being negotiated. Ed Vaizey, a

:12:43. > :12:47.cuts being negotiated. Ed Vaizey, a cuts being negotiated. Ed Vaizey, a

:12:47. > :12:48.cuts being negotiated. Ed Vaizey, a lot hangs on this budget. You can't

:12:48. > :12:49.lot hangs on this budget. You can't lot hangs on this budget. You can't

:12:50. > :12:51.afford another shambles. The last afford another shambles. The last

:12:51. > :12:51.afford another shambles. The last afford another shambles. The last

:12:51. > :12:55.budget macro was not a shambles. We budget macro was not a shambles. We

:12:55. > :12:55.budget macro was not a shambles. We budget macro was not a shambles. We

:12:55. > :12:57.are certainly on course. All of the are certainly on course. All of the

:12:57. > :13:00.government reforms are important. government reforms are important.

:13:00. > :13:04.government reforms are important. Welfare reform is in autumn. Talking

:13:04. > :13:05.Welfare reform is in autumn. Talking Welfare reform is in autumn. Talking

:13:05. > :13:07.of Theresa May, her changes are of Theresa May, her changes are

:13:07. > :13:08.of Theresa May, her changes are reducing immigration by a third.

:13:08. > :13:09.reducing immigration by a third. reducing immigration by a third.

:13:09. > :13:10.Philip Hammond is balancing the Philip Hammond is balancing the

:13:10. > :13:11.Philip Hammond is balancing the Philip Hammond is balancing the

:13:11. > :13:12.MoD's budget for the first time in MoD's budget for the first time in

:13:12. > :13:13.MoD's budget for the first time in MoD's budget for the first time in

:13:13. > :13:18.decades. So there is a range of decades. So there is a range of

:13:18. > :13:19.decades. So there is a range of reforms that are long overdue.

:13:19. > :13:20.reforms that are long overdue. reforms that are long overdue.

:13:20. > :13:22.reforms that are long overdue. are people depressed if it is all

:13:22. > :13:22.are people depressed if it is all are people depressed if it is all

:13:22. > :13:24.are people depressed if it is all going so well? I don't know who

:13:25. > :13:25.going so well? I don't know who going so well? I don't know who

:13:25. > :13:27.going so well? I don't know who these people are. You need to go to

:13:27. > :13:28.these people are. You need to go to these people are. You need to go to

:13:28. > :13:29.these people are. You need to go to these people are. You need to go to

:13:29. > :13:30.the tea room. I am always in the tea the tea room. I am always in the tea

:13:30. > :13:30.the tea room. I am always in the tea the tea room. I am always in the tea

:13:30. > :13:36.the tea room. I am always in the tea room, and it is full of joy at what

:13:36. > :13:37.room, and it is full of joy at what room, and it is full of joy at what

:13:37. > :13:37.room, and it is full of joy at what the coalition are doing. One MP said

:13:37. > :13:41.the coalition are doing. One MP said the coalition are doing. One MP said

:13:41. > :13:42.the coalition are doing. One MP said George Osborne should man up.

:13:43. > :13:43.George Osborne should man up. George Osborne should man up.

:13:43. > :13:44.George Osborne should man up. wants to be a cheerleader for the

:13:44. > :13:45.wants to be a cheerleader for the wants to be a cheerleader for the

:13:45. > :13:47.wants to be a cheerleader for the transom and say he is behind him, I

:13:47. > :13:48.transom and say he is behind him, I transom and say he is behind him, I

:13:48. > :13:49.transom and say he is behind him, I will not object. We should not go

:13:49. > :13:52.will not object. We should not go will not object. We should not go

:13:52. > :13:52.without a word for that waistcoat. without a word for that waistcoat.

:13:53. > :13:53.without a word for that waistcoat. without a word for that waistcoat.

:13:53. > :13:54.Do you think all parties should have Do you think all parties should have

:13:54. > :13:58.Do you think all parties should have to wear their own colours?

:13:59. > :13:59.to wear their own colours? to wear their own colours?

:13:59. > :14:00.Waistcoats are wrong. It was not Waistcoats are wrong. It was not

:14:00. > :14:01.Waistcoats are wrong. It was not Waistcoats are wrong. It was not

:14:01. > :14:02.just that it was bright yellow, but just that it was bright yellow, but

:14:02. > :14:08.just that it was bright yellow, but it was just sleeping underneath the

:14:09. > :14:09.it was just sleeping underneath the it was just sleeping underneath the

:14:09. > :14:12.it was just sleeping underneath the lapel. Bob Russell turned up in a

:14:12. > :14:15.lapel. Bob Russell turned up in a lapel. Bob Russell turned up in a

:14:15. > :14:17.Liberal Democrat onesie. I am told Liberal Democrat onesie. I am told

:14:17. > :14:17.Liberal Democrat onesie. I am told his locks matched his waistcoat.