:00:42. > :00:46.Morning folks and welcome to the Daily Politics. We only have half an
:00:46. > :00:49.hour. I will have to speak quickly! After the gloom of cuts, the
:00:49. > :00:51."excitement" of rebuilding Britain. As I speak the Shadow Chief
:00:51. > :00:54.Secretary to the Treasury, Danny Alexander, is outlining to the
:00:54. > :00:56.Commons the Government's plans to overhaul our transport and energy
:00:56. > :01:01.infrastructure. The shopping list comes to �100 billion, but remember
:01:01. > :01:04.it's not new money. Yesterday's Spending Review included plans for a
:01:04. > :01:09.cap on the Welfare Bill, and new rules for people claiming
:01:09. > :01:14.unemployment benefits. We'll be looking at how it's gone down. And
:01:14. > :01:24.who goes down well with you? George or Ed? Adam's been out with his
:01:24. > :01:26.moodbox. All that in the next half hour and with us for the whole
:01:26. > :01:32.programme today are Conservative Nadhim Zahawi, Labour's Cathy
:01:32. > :01:35.Jamieson, and Susan Kramer for the Liberal Democrats. Welcome. Now
:01:35. > :01:38.first this morning, good and bad news. Revised figures from the
:01:38. > :01:45.Office of National Statistics show that the double-dip recession at the
:01:45. > :01:47.end of 2011 and the beginning of last year never actually happened!
:01:47. > :01:54.But the ONS revealed that the initial recession following the
:01:54. > :01:59.financial crisis was actually far worse than originally feared. So,
:01:59. > :02:04.Cathy Jamieson, it turns out that there was no double-dip, unlike what
:02:04. > :02:09.Labour claimed. It turns out that there was no triple-dip, unlike
:02:09. > :02:14.Labour predicted, but it turns out that the economy tanked worse than
:02:14. > :02:16.2008 and 2009, whether I think that your party was in power? Well, a
:02:16. > :02:20.revision up, is to be considered good news.
:02:20. > :02:24.Of course, it is a technical revision. I don't think that anyone
:02:24. > :02:29.looking at the figures would really say that living standards have
:02:29. > :02:35.improved over the period that this Government has been in office.
:02:35. > :02:41.I will come to that, but it turns out that there was not a double-dip
:02:41. > :02:45.and we lost 7% of our economy. We lost more under Mr Brown than we
:02:45. > :02:50.lost in the great depression? we have to look at what this
:02:50. > :02:55.Government has done. Deal with that bit? It is not good
:02:55. > :02:59.news that the recession was worse. It makes it harder to come back.
:02:59. > :03:04.No doubt. That is why this Government must take responsibility
:03:04. > :03:08.for what has gone on in their watch. But, it was under you that the
:03:08. > :03:12.economy tanked? But what has happened since, the economy has not
:03:12. > :03:15.grown. The 6% growth that the Government promised has not taken
:03:15. > :03:20.place. The Government's forecast has been
:03:20. > :03:27.useless. You would be better asking Miss tick Meg, but the economy
:03:27. > :03:32.tanked by 7.3%. More than after the great crash in '29. Maybe you should
:03:32. > :03:37.be more forgiving of the Tories' fail to get it right as the hole was
:03:37. > :03:42.much deeper than we thought? We had a global financial crisis at the
:03:42. > :03:45.time. We understand that. We cannot get away from the fact that under
:03:45. > :03:53.this Government growth has not been as they promised.
:03:53. > :03:58.I will come to that in a minute, but will you now file double-dip and
:03:58. > :04:04.triple-dip under the boom and bust, the no more boom and bust file as
:04:04. > :04:09.phrases not to be used by Labour? are still using flatlining economy.
:04:09. > :04:13.The economy is marginally growing. It is not growing in the way that
:04:13. > :04:19.the Government promised it would. We discovered as well, that living
:04:19. > :04:24.standards are still being squeezed by an incredible amount. Living
:04:24. > :04:30.standards are down, your disposable income, I should call it. They are
:04:30. > :04:35.down 1. 7%. The biggest fall since the crash in 1987. That is an
:04:35. > :04:41.appalling record? It is tough it would be silly to do what Kathy has
:04:41. > :04:45.done, to deny the facts. The correct problem that they have, Ed Balls
:04:45. > :04:50.claiming that they had nothing to do with the crash. Now we find that
:04:50. > :04:55.they this everything to do with it. I ask Cathy Jamieson about Labour,
:04:55. > :05:02.she talks about you. I ask you about the Tories, you talk about her.
:05:02. > :05:08.You are residing over the big biggest collapse in disposable
:05:08. > :05:14.income since 1987? You are right it is tough on disposable incomes. That
:05:14. > :05:20.is why we reversed Labour's hike in fuel prices. 13 pence off a litre of
:05:20. > :05:27.petrol. It is still down 1. 7! ? We have
:05:27. > :05:31.taken 23 million people out of tax. Paying less tax. Paying zero on the
:05:31. > :05:36.first �10,000. We are trying hard in tough times to ensure that the
:05:36. > :05:40.budget and the Spending Review are progressive and they are fair.
:05:41. > :05:46.The point is, Susan Kramer, having done all of that, the incomes are
:05:46. > :05:51.down 1. 7% and as long as people's wages are not keeping pace with the
:05:51. > :05:55.prices, they are tightening belts, there can be no real recovery?
:05:56. > :06:01.think that people and companies must take credit. They have chosen to
:06:01. > :06:06.keep jobs and accept lower wage rises, despite the fact that there
:06:06. > :06:11.has been inflation, thanks to the rising commodity prices.
:06:11. > :06:16.Shall we shove that in as well, that was under your coalition? It is part
:06:17. > :06:21.of filling in the hole that falls on well to do people far more than
:06:21. > :06:25.anyone else. That is important in sharing the burden, but what has
:06:25. > :06:29.been crucial, is that people must get credit for how they responded,
:06:29. > :06:35.frankly, to the period and the tough times that Labour left us with, but
:06:35. > :06:39.we are seeing life in the economy. What good thing that is happening,
:06:39. > :06:47.the correction of the double-dip, it will help to boost confidence. That
:06:47. > :06:52.is what we need. We have a lot of small and medium-sized companies
:06:53. > :06:56.ready to grow. That will move forward, as will help with the
:06:56. > :07:01.infrastructure announcements today. I don't know anyone who has money.
:07:01. > :07:08.Nor can they get none from the banks, but the taily quiz.
:07:08. > :07:13.In the Sun, George Osborne's blunder. He tweeted a photograph of
:07:13. > :07:18.him eating a posh burger from the Byron chain of restaurants.
:07:18. > :07:23.Despairing this country, posh burgers, who cares? Apparently it
:07:23. > :07:29.cost nearly �106789 including the chip it is goes to show how out of
:07:29. > :07:35.touch he is. Our question is in the photo, what fizzy drunk does George
:07:35. > :07:45.Osborne have to wash down the plutocratic burger? Was it Irn Bru?
:07:45. > :07:46.
:07:46. > :07:54.Diet Coke? Tango? Or elderflower. At the end of the show we may give you
:07:55. > :07:58.the correct answer. And the men, Ed Balls and George
:07:58. > :08:03.Osborne are trying not to bump into each other.
:08:04. > :08:08.This is what George Osborne has said about the Spending Review.
:08:08. > :08:11.Difficult choices will be made. We have to cut spending. It is
:08:11. > :08:15.unprecedented for the politicians to say that they will have to cut
:08:15. > :08:19.budgets. We have said that. We have to cap welfare, control the welfare
:08:19. > :08:24.costs. With have been straight with the British people, this is not
:08:24. > :08:28.easy. We are not pretending it is, but that is the economic plan taking
:08:28. > :08:32.Britain out of rescue, into recovery. We have to deliver that
:08:32. > :08:35.plan. The alternative, and you can see other countries, where they have
:08:35. > :08:42.taken the alternative route is one of real economic crisis for our
:08:42. > :08:49.country. And a few minutes later, Ed Balls
:08:49. > :08:51.was trying to see if they would wait seven days to wait before claiming
:08:51. > :08:57.benefits. George Osborne says he can make a
:08:57. > :09:01.saving on this. He says there is is a three-day delay. If you go from
:09:01. > :09:06.three to seven days to claim the jobseeker's allowance, you can make
:09:06. > :09:12.savings. We are looking to see if that can be fair and save money. If
:09:12. > :09:15.is a blank cheque for the pay day loan companies it is a bad thing. If
:09:15. > :09:20.it can be done sensible, we will support it.
:09:20. > :09:25.So, this is the wonninga Budget. Forcing hundreds of thousands of
:09:25. > :09:29.people who have been made unemployed into borrowing from the sharks?
:09:29. > :09:34.don't agree with that. In other countries they have a similar policy
:09:34. > :09:39.of waiting seven days before claiming benefits. Having the CV
:09:39. > :09:44.ready. Waiting online, having to speak English. This is the right
:09:44. > :09:49.thing to do it is the right thing to ask people to try hard to find a
:09:49. > :09:56.job. We have to make sure that the private sector is investing and
:09:57. > :09:59.creating the jobs but people have to try to get their CV ready, apply
:09:59. > :10:05.online. These are the right things to do.
:10:05. > :10:09.Cathy Jamieson? We have to look at the detail of this. The Government's
:10:09. > :10:13.programmes have a point of unravelling. The work programme and
:10:13. > :10:20.the figures show that the work programme has failed one in nine
:10:20. > :10:24.people on that programme. 132,000 people have found work through the
:10:24. > :10:28.Work Programme. One in ten people not finding work.
:10:28. > :10:35.You are wasting money. We want to see people in work. That
:10:35. > :10:39.is why we want a Work Programme guarantee to get people into jobs.
:10:39. > :10:43.What about forcing people to take English? Well, I think it is fair
:10:43. > :10:48.that people should be able to understand the language that people
:10:48. > :10:53.should show that they are looking for employment. We have said that we
:10:53. > :10:58.will look into the detail. We will be scrutinising that. We supported
:10:58. > :11:04.the three-day waiting period. We want to scrutinise the detail but we
:11:04. > :11:09.don't want to drive people into the pay day loan sharks. The money saved
:11:09. > :11:12.goes into the support and advice for the long-term unemployed that is the
:11:12. > :11:17.problem. That is where it is difficult.
:11:17. > :11:21.But hold on, when we interviewed Danny Alexander on the Sunday
:11:22. > :11:27.Politics, our sister programme, that is out on a Sunday, I think the clue
:11:27. > :11:32.is in the name, but he reassured us to say that there would be no more
:11:32. > :11:37.welfare savings in the Spending Review. What do we have? Welfare
:11:37. > :11:43.savings? I don't like at it that way. This is a swaich for those out
:11:43. > :11:49.of work. That is from the end where the support is far less vital in
:11:49. > :11:53.those few days to the point where it is really needed that is to get
:11:53. > :11:57.detailed individual advice to get people back to work.
:11:57. > :12:01.But again, some of the most vulnerable are taking the hit from
:12:01. > :12:07.the cuts. The Chancellor claims that they are taking most from the top
:12:07. > :12:12.fifth, according to this complicated distribution analysis, that looks to
:12:12. > :12:17.be true, but what he has not said is that in cash terms you take the
:12:17. > :12:23.second hardest hit group, that is the poorest fifth! How are we all in
:12:23. > :12:29.it together when the poorest fifth are second in taking a hit? When you
:12:29. > :12:35.are trying to deal with a deficit that is �160 billion. It is down by
:12:35. > :12:39.a third. You have to try to make sure that those most privileged take
:12:39. > :12:47.the biggest hit and your distribution, rightly, shows that.
:12:47. > :12:50.It is not mine it is yours! What we have tried to do for the poorest is
:12:51. > :12:54.the 400,000 troubled families, that is a big increase in resources going
:12:54. > :13:00.to the families. The affordable homes he announced yesterday. More
:13:00. > :13:04.money going to that. The social care. �3 billion going into local
:13:05. > :13:09.authorities for social care, working with the NHS. Those families are the
:13:09. > :13:13.most vulnerable, they are the ones in need of most. What the coalition
:13:13. > :13:18.government is doing is focussing the money on those most vulnerable. When
:13:18. > :13:22.the money is tight, focus it more cleverliy.
:13:23. > :13:27.The older people should be protected. People retired -- retired
:13:27. > :13:31.should be protected. You are all terrified of the grey
:13:31. > :13:36.vote. It brings me to the pension cap.
:13:36. > :13:40.I have to say, we don't have the old vote.
:13:40. > :13:48.You are chock a block with it. There is nothing wrong with the old
:13:48. > :13:54.vote. The average age is 94. Now, what about this welfare cap
:13:54. > :13:58.which is own on part of welfare. It excludes the state pension but
:13:58. > :14:02.excludes benefits for pensioners outside of the state pension. When
:14:02. > :14:08.Ed Balls was on the Sunday politics, he said pensions should be included
:14:08. > :14:12.in the welfare cap? When we heard the details of what was announced
:14:12. > :14:16.yesterday, Ed Balls made clear of looking at what the difference is.
:14:16. > :14:20.We understand the need for the cap on the spend. We want to see the
:14:20. > :14:24.state pension protected. We have issues in the longer term about
:14:25. > :14:30.people living longer, the age at which people are able to get their
:14:30. > :14:38.state pensions but we have said to go back to those better off,
:14:38. > :14:42.shouldering the burden, is that we would not give the wint -- winter
:14:42. > :14:45.fuel allowance to the richest pensioners. I cannot speak for the
:14:45. > :14:49.Conservatives. Now, the boys at the Treasury, I
:14:49. > :14:52.think that they are boys, they are working hard. After the excitement
:14:52. > :14:58.of the Spending Review today, Danny Alexander gets his moment in the
:14:58. > :15:02.spotlight. So what can we expect from his bag of tricks? Well, Danny
:15:02. > :15:07.Alexander is eting out plans for �100 billion of infrastructure
:15:07. > :15:14.investment in rail, roads, power stations and affordable homes. This
:15:14. > :15:18.is not new money but coming from �3 United Nations -- �300 billion
:15:18. > :15:26.prooel announced. On rail, the Government's flagship programme,
:15:27. > :15:31.High Speed Two gets an extra �8 billion. Spending �2 million or
:15:31. > :15:38.maybe �2 million for Crossrail 26789 we have a Crossrail that is about to
:15:38. > :15:43.open. That goes from West to East London. Now we are looking at one
:15:43. > :15:49.from North to South. On energy, there are announcements on nuclear
:15:49. > :15:55.power. Shale gas, renewable energy. More wind farms, mostly off-shore.
:15:55. > :16:03.After years of funding for roads, a �1 of 6 billion plan to deal with
:16:03. > :16:07.congestion on the A 14. That goes to be -- that goes to Felixstowe, but
:16:07. > :16:12.don't hold your breath. The projects don't appear. In the world of
:16:12. > :16:17.planning laws, the first High Speed Two trains are not due to run until
:16:17. > :16:22.2026. Nuclear power stations are still in the negotiating phase. They
:16:22. > :16:28.have not concluded a deal with the French contractor and ministers have
:16:28. > :16:32.been making promises on road projects for three years. Here is
:16:32. > :16:37.what the Chief Secretary to the Treasury had to say in the Commons.
:16:37. > :16:42.Moving from repair to renewables, we have to invest in the fabric of our
:16:42. > :16:52.nation. We have chosen to find savings from day-to-day budgets that
:16:52. > :16:55.allows us to recycle billions. We can guarantee �300 billion of
:16:55. > :16:59.capital spending by the end of the decade. Today, I can set out our
:16:59. > :17:03.plans for over �100 billion of this for the infrastructure of our
:17:03. > :17:09.country. The biggest public housing programme for over 20 years. The
:17:09. > :17:14.largest programme of rail investment since Victorian times. The greatest
:17:14. > :17:20.investment in our roads since the 1970s. Fast online access for the
:17:20. > :17:25.whole country. Unlocking massive investments in cleaner energy to
:17:26. > :17:35.power our economy forwards. All at a price we can afford to pay without
:17:36. > :17:37.
:17:37. > :17:43.adding a single pound to our borrowing forecast. Not a penny of
:17:43. > :17:48.this is new. It is basically growth expenditure, which is not really the
:17:49. > :17:54.proper measure - is flat at �50 billion. That's it. It is still a
:17:54. > :17:59.big number, �50 billion and it will allow us to do two things. One, make
:17:59. > :18:04.sure that we get the programme we need to get. Make sure we continue
:18:04. > :18:09.we electrification. We have done 300 miles. . We need to do more. Make
:18:09. > :18:14.sure we get the certainty into the energy sector, which has been drying
:18:14. > :18:18.out for that, so to -- crying out for that, so to make those
:18:18. > :18:22.investments in new energy and other. This is what is being set out.
:18:22. > :18:26.give the impression. Both Mr Alexander and the Chancellor gave
:18:26. > :18:32.the impression this - you have listened to the people and suddenly
:18:32. > :18:38.there is a huge treasure chest of public investment that is now being
:18:38. > :18:43.unveiled. I look at the figures and the public investment in 2011/12,
:18:43. > :18:51.which we can count as the first full Year of the Coalition was �50
:18:51. > :18:57.billion N 2015-16 it will be �507 billion. In 2017/18, it will be �52
:18:58. > :19:01.billion. In 2010/11 it was �28 billion. Overall it has actually
:19:01. > :19:09.gone done. You are right. It has gone down. It is more than what
:19:09. > :19:16.Labour would have spent by �3 billion in each of the years we've
:19:16. > :19:21.had. We need to make sure we have laser-like focus. It was fairness,
:19:21. > :19:27.growth and this is all about growth. It is that laser-like focus. He's
:19:27. > :19:30.brought in the man who has delivered the Olympics to deliver this
:19:30. > :19:37.infrastructure project. The proof oh the pudding is in the eating. Two
:19:37. > :19:41.weeks ago I opened a new park, railway station in
:19:41. > :19:47.Stratford-upon-Avon. Why - was the Queen not available? We got a royal
:19:47. > :19:52.visit this week, Andrew. We have a fantastic park way station just
:19:52. > :19:56.opened. I am opening a new wing to one of my schools this weekend.
:19:56. > :20:00.have a busy life! What has been the big difference is
:20:00. > :20:04.the whole organisation of how we deliver infrastructure. What we have
:20:04. > :20:07.got is a steady rolling programme which is starting to deliver. So a
:20:07. > :20:14.lot of these projects are in process. We know when they will
:20:14. > :20:18.start to go into the ground. projects in 2010 - how many of these
:20:18. > :20:23.have been completed? That is a relatively few. Seven. That is the
:20:23. > :20:29.point, Andrew. The whole pattern historically has been a set of
:20:29. > :20:34.announcements. There's nothing - no planning underway. It takes three
:20:34. > :20:43.years to get these projects up and into a rolling pattern.
:20:43. > :20:48.You never told us that at the time! You didn't ask me. I spent my life
:20:48. > :20:54.financing infrastructure. We have membering nips -- mechanisms which
:20:54. > :20:59.can deliver this... You have brought that point. It is what we need
:20:59. > :21:06.and... Are you going to add to these figures? Well, let's see what the
:21:06. > :21:10.rollout of this is going to be. The point that was made is over 500
:21:10. > :21:15.projects announced, seven have come to fruit weighs. We have made that
:21:15. > :21:20.point. The question is not about them. The question was about you. It
:21:20. > :21:24.is roughly... Sorry to interrupt. It is good to get an answer to this. It
:21:24. > :21:29.is �50 billion a year capital investment for as far as the eye can
:21:29. > :21:36.see. That is roughly the figure. would have like to have seen more
:21:36. > :21:40.happening now rather than it being 2015 and beyond. You would have had
:21:40. > :21:44.�60 billion this year? We are not the Government: They have to be
:21:44. > :21:47.responsible for what they do. We would have said we would have liked
:21:47. > :21:51.to have seen more input, particularly around social housing,
:21:51. > :21:56.affordable housing at this point in time rather than putting things off
:21:56. > :22:00.until after the next election. can you talk about a big increase in
:22:01. > :22:08.affordable housing when you have just slashed the community's
:22:08. > :22:12.department budget, including its capital budget? 36% cut.
:22:13. > :22:16.affordable housing... You have a general cut in the communities
:22:16. > :22:20.budget, and then you have money coming in around specific
:22:20. > :22:25.programmes. One of those is affordable housing. In fact, the net
:22:25. > :22:35.cut for that department is in fact 2.3%, not the headline number that
:22:35. > :22:38.
:22:38. > :22:44.After yesterday who comes out smelling of roses? Is it Mr Osborne
:22:44. > :22:49.or Mr Balls? We sented a dom on to the street -- we sent Adam on to the
:22:49. > :22:54.streets of London. We are starting here at Whitehall. They've had a 50%
:22:54. > :23:01.cut in their budget. Who do people trust - is it George Osborne or
:23:02. > :23:06.Balls? Let's find out? Balls. Especially coming from Birmingham.
:23:06. > :23:10.We are moving forward really. We need to move forward with the Labour
:23:10. > :23:17.Government. Ed Balls is a great person. Do you want to be a Labour
:23:17. > :23:23.MP? I would like to.I did get a sense of that. Why Osborne? Pardon?
:23:24. > :23:28.I'm not too impressed with Balls. I'm a Kiwi, I don't know. How is the
:23:28. > :23:31.New Zealand economy doing? Do you have such a high tech campaign?
:23:31. > :23:37.Do you think they should have cut more in this spending round rather
:23:37. > :23:45.than the �11.5 billion. Not my bus pass, because I will feel very
:23:45. > :23:53.strongly about that! Sgld who gets your vote on the
:23:53. > :24:00.economy? Ed Balls definite gets my vote. He is the best asset the
:24:00. > :24:04.Conservative Party has other than the Prime Minister. Slightly too
:24:04. > :24:08.many tourists here. I have come to the Foreign Office they have had a
:24:08. > :24:12.big cut to their budget: It was not that big to start with. Let's find
:24:12. > :24:19.out what people think around here. You are a friend of the programme.
:24:19. > :24:26.Some friend he is! She's for Osborne and I'm for Balls.
:24:26. > :24:29.Osborne or Balls? This is brilliant - 50 votes in one go. Let's go to a
:24:29. > :24:34.department that is getting a massive increase in its budget - foreign
:24:34. > :24:39.aid. Oh, my goodness!
:24:39. > :24:43.How would Balls ruin everything? don't think he has economic clout.
:24:43. > :24:48.He has not learnt good house keeping yet!
:24:48. > :24:52.I think our final stop will be charring cross station because it
:24:52. > :24:56.has an infrastructure theme. A bit like this spending round. I don't
:24:56. > :25:05.like George Osborne, really. Whoa what is wrong with him? -- what is
:25:05. > :25:07.wrong with him? He seems smarmy. They are trying to cut back, but not
:25:07. > :25:12.prepared to cut back on international aid, which is a pain
:25:12. > :25:17.in the neck, I think so. Who do you trust on the economy, Balls or
:25:17. > :25:22.Osborne? Osborne.Grab a blue one. am not sure I trust the BBC, mind
:25:22. > :25:27.you! What if you wanted a third option? I don't know.Vince Cable?
:25:27. > :25:32.Neither of these two. Maybe Vince Cable. Why have you gone for Ed
:25:32. > :25:41.Balls? I am a socialist. He's the nearest thing we can hope for. He's
:25:41. > :25:46.not good enough. People dressed as leopards favour Ed Balls. People are
:25:46. > :25:52.split about 50/50. How conclusive. I was struck by how many said they
:25:52. > :25:58.don't like either of them! There's our Adam out in Whitehall
:25:59. > :26:03.with his balls. Cathy Jamieson, given, the last three years cannot
:26:03. > :26:07.be chopped up as a huge success for the coalition in terms of economic
:26:07. > :26:11.policy. Maybe coming right now it is not for me to say and we don't know.
:26:11. > :26:18.Wouldn't you expect Ed Balls to be doing better? I think that did show
:26:18. > :26:21.that people are split. There are many who will say... We can be
:26:21. > :26:25.pleased with where we are at the moment. We lost the election. We
:26:25. > :26:29.knew we had a long way to go. I think we can take comfort from the
:26:29. > :26:34.fact that a good number of people there did say they trusted Balls
:26:34. > :26:41.rather than Osborne. We did see some Tory MPs hesitating as to where to
:26:41. > :26:45.put their votes. Hesitating Tory MPs! Who would have thought that?
:26:45. > :26:50.Even if the economy comes right by 2015 it is the Conservatives that
:26:50. > :26:53.will get the credit for it, not the Lib Demes. It is not easy being in
:26:53. > :27:00.coalition, but we thought that it is really worthwhile. Look at some of
:27:00. > :27:03.the things that have been spoken of today, like, for example, raising
:27:03. > :27:08.the tax threshold so people at the bottom are not paying tax in the
:27:08. > :27:12.same way. Look at the infrastructure. There's a risk you
:27:12. > :27:15.don't get the credit. You are in politics to do. I hope we get some
:27:15. > :27:19.credit, but the reality is that you have to stand up when the
:27:19. > :27:26.opportunity comes. And you need a recovery.
:27:26. > :27:30.We do. Otherwise... Otherwise you are toast. We will see it healing.
:27:30. > :27:35.Say green shoots! Go on!
:27:35. > :27:39.It is still fragile. If you look at where the expenditure has gone. US
:27:39. > :27:45.training, apprenticeship, science, infrastructure. That will make a
:27:45. > :27:50.difference. We are strong on the service sector. 80% of our output is
:27:50. > :27:54.service sector. The real problem for Cathy, by the way, is Miliband is so
:27:54. > :27:58.weak... I think you should look at your own problems! There is time
:27:58. > :28:08.before we go to find out the answer to the quiz. What was George Osborne
:28:08. > :28:14.drinking when he had his Byron burger? He should have had Irn Brew.
:28:14. > :28:21.You are right. I thought I saw a coffee cup. There was a coughty or
:28:21. > :28:25.two. The answer was right - it was a Diet Coke. It is the diet part that
:28:25. > :28:29.fascinates me. OK, that's it for today. Thank you
:28:29. > :28:35.to our three guests for being good sports as we rattle through
:28:35. > :28:45.everything. I will be on BBC One, talking about the police and Stephen