Browse content similar to 12/02/2016. Check below for episodes and series from the same categories and more!
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17 nations broker a cessation of hostilities in Syria. | :00:38. | :00:44. | |
Certain military action is meant to stop by next weekend. | :00:45. | :00:47. | |
But the Russians reserve the right to carry on bombing | :00:48. | :00:53. | |
and allied air-strikes against ISIS will continue. | :00:54. | :00:55. | |
Equalities Minister Nicky Morgan announces plans to publish league | :00:56. | :01:00. | |
tables of the pay gap between men and women employed by | :01:01. | :01:03. | |
European stocks have rallied this morning, but after a week of global | :01:04. | :01:15. | |
What does it mean for the economy here and abroad? | :01:16. | :01:19. | |
And we continue our series profiling the great offices of states, | :01:20. | :01:22. | |
as Giles finds out what it takes to be the Secretary of State ... | :01:23. | :01:25. | |
No Prime Minister is going to forget the responsibilities of defence. And | :01:26. | :01:42. | |
no Defence Secretary should be naive enough to think that you are | :01:43. | :01:43. | |
operating out there on your own. All that in the next hour, | :01:44. | :01:50. | |
and with us for the duration former editor of the Sun, Kelvin MacKenzie | :01:51. | :01:54. | |
and Anne McElvoy of the Economist. First, the news that world powers | :01:55. | :02:00. | |
have agreed a nationwide "cessation of hostilities" in Syria to begin | :02:01. | :02:05. | |
next weekend, after The agreement allows for continued | :02:06. | :02:07. | |
allied air-strikes against islamic State fighters and Russia insists it | :02:08. | :02:26. | |
will still bomb terrorists. The Syrian government has said it's | :02:27. | :02:32. | |
still "cloudy" whether the agreement will trigger a new | :02:33. | :02:34. | |
round of peace talks. They stalled in Geneva earlier this | :02:35. | :02:41. | |
month. The Syrian army, backed | :02:42. | :02:43. | |
by Russian air strikes, is still advancing | :02:44. | :02:45. | |
in Aleppo province. Here's US Secretary of State, | :02:46. | :02:53. | |
a somewhat wary John Kerry. We have agreed to implement a | :02:54. | :03:08. | |
nationwide cessation of hostilities to begin in a target of one week's | :03:09. | :03:15. | |
time. That is ambitious, but everyone is determined to move as | :03:16. | :03:19. | |
rapidly as possible to try to achieve this. This will apply to any | :03:20. | :03:25. | |
and all parties in Syria, with the exception of the terrorist | :03:26. | :03:31. | |
organisations Daesh and Almers row. If you listen to what Mr Kerry said | :03:32. | :03:41. | |
and what Philip Hammond said, they are clearly tentative. They have | :03:42. | :03:46. | |
done a deal, but it is not clear that it will take off. I'm a bit | :03:47. | :03:51. | |
cynical about this deal. I think it is an attempt by John Kerry and the | :03:52. | :03:55. | |
British government to get back involved in a situation in Syria | :03:56. | :03:59. | |
where, frankly, they left the door open for the Russians to take the | :04:00. | :04:02. | |
leading role and we have already heard Moscow say today in clear | :04:03. | :04:06. | |
terms that they do not see this as an instruction to stop bombing. What | :04:07. | :04:13. | |
they describe as IS targets which seems to range widely for targeting | :04:14. | :04:17. | |
a terror group. They don't seem to be bombing IS at all. It is a | :04:18. | :04:22. | |
declaration of interest to get together around a table and that | :04:23. | :04:25. | |
hasn't happened seriously on Syria for a long time but the Russians | :04:26. | :04:28. | |
have the momentum there and it rather looks as though the West is | :04:29. | :04:33. | |
playing catch up. The interesting thing although the humanitarian aid | :04:34. | :04:37. | |
is meant to get in this weekend, the news is concentrating on Aleppo. | :04:38. | :04:43. | |
There are 12 towns under siege, but the ceasefire, or cessation of | :04:44. | :04:48. | |
hostilities does not begin until the following week giving the Russian | :04:49. | :04:53. | |
forces another week. The reality is we should welcome anything with the | :04:54. | :04:57. | |
word piece involved in it. Whether this turns out to be anything or not | :04:58. | :05:01. | |
is not the point, it's the beginning of something and, by the way there | :05:02. | :05:06. | |
will be no change in a week's time. Vladimir Putin doesn't care what | :05:07. | :05:10. | |
anybody thinks about anything and Iran doesn't care and Isis doesn't | :05:11. | :05:17. | |
care, however the majors of our world, they want peace there. | :05:18. | :05:20. | |
Cameron will be praying for peace because if there is peace then maybe | :05:21. | :05:24. | |
the migration issue doesn't get worse. I suspect it won't change | :05:25. | :05:31. | |
very much. I am even more bearish than Kelvin. This is not peace in | :05:32. | :05:40. | |
any meaningful sense. Peace in our time? It is Munich. The battle for | :05:41. | :05:45. | |
Aleppo is now crucial. And when the president Assad forces retake that, | :05:46. | :05:49. | |
that will show that a lot of it has been for nothing. He will still be | :05:50. | :05:53. | |
there and backed by the Russians and I think the migration crisis, there | :05:54. | :05:58. | |
are not that many more people to flood out of Syria who have not | :05:59. | :06:03. | |
gone. There are 600,000 in Aleppo. We will see an emptying of Aleppo | :06:04. | :06:06. | |
and the migration crisis has a way to go. The agreement does not | :06:07. | :06:10. | |
mention the status of Mr Assad at all. Philip Hammond is on the Andrew | :06:11. | :06:20. | |
Marr Show on Sunday and he will be talking about Syria and we will | :06:21. | :06:24. | |
follow up what he has to say on the Sunday politics. | :06:25. | :06:26. | |
It's all about a call by Lib Dem leader Tim Farron to | :06:27. | :06:30. | |
But what is it he'd like to be made legal? | :06:31. | :06:35. | |
b) Using a hoverboard on the pavement? | :06:36. | :06:41. | |
At the end of the show, Anne and Kelvin will give us | :06:42. | :06:49. | |
If they don't, because it is so easy, they will be fired. | :06:50. | :06:57. | |
The Women and Equalities Minister Nicky Morgan has announced plans | :06:58. | :06:59. | |
today for new league tables that will highlight the gender pay gap | :07:00. | :07:02. | |
in companies with more than 250 employees. | :07:03. | :07:06. | |
The new regulations are expected to affect about 8,000 | :07:07. | :07:08. | |
employers across the UK, who will also have to publish | :07:09. | :07:11. | |
their company's gender pay gap on their website. | :07:12. | :07:15. | |
Businesses will have to start compiling the information about pay | :07:16. | :07:19. | |
differences from April 2017 - 12 months before the first | :07:20. | :07:21. | |
Here's Nicky Morgan talking about what effects the new | :07:22. | :07:27. | |
One is that companies will hopefully, and | :07:28. | :07:35. | |
we expect them from the response we have had, to think a lot harder | :07:36. | :07:38. | |
about where women are in their workforce, how | :07:39. | :07:41. | |
they are distributed and what they are being paid. | :07:42. | :07:44. | |
But I think it will also drive applications to work in certain | :07:45. | :07:47. | |
organisations, because I think that women will look and see, | :07:48. | :07:53. | |
what is the gender pay gap in this organisation? | :07:54. | :07:55. | |
We've been joined by Kate Andrews from the Adam Smith Institute. | :07:56. | :08:05. | |
And we did ask for an interview with Nicky Morgan or another | :08:06. | :08:08. | |
government minister on this issue, but none was available. | :08:09. | :08:10. | |
Instead, they suggested we talk to the Conservative backbencher | :08:11. | :08:12. | |
Mims Davies who is a member Women and Equalities Committee in | :08:13. | :08:15. | |
So we did, and she joins us from Southampton welcome | :08:16. | :08:19. | |
If it is such a good idea, why does it take so long to implement? Isn't | :08:20. | :08:35. | |
that complicated. I think it is complicated that the equality needs | :08:36. | :08:39. | |
to be what women are looking for. There are lots of factors affecting | :08:40. | :08:44. | |
women. I am asking why it will take so long to simply compile the data. | :08:45. | :08:48. | |
The companies already have the pay data of their employees. You could | :08:49. | :08:53. | |
do it in a month. There are some people trailblazing on this, but | :08:54. | :08:58. | |
some people are putting it in there too difficult box, so it's right | :08:59. | :09:00. | |
that the government holds their feet to the fire. You are not holding | :09:01. | :09:04. | |
their feet to the fire, you are saying you don't have to do it until | :09:05. | :09:08. | |
2018. Why don't you tell them to do it by September? Most companies have | :09:09. | :09:13. | |
a fair idea of where they are on this and it is right that we give | :09:14. | :09:17. | |
companies the time to look at their procedures. Certainly the women and | :09:18. | :09:22. | |
equality is select committee, there are some people who find it very | :09:23. | :09:25. | |
easy and they are attracting the right wing into the workforce. Some | :09:26. | :09:31. | |
people think it is not important to them -- the right women. As | :09:32. | :09:34. | |
government we have to explain why it's important for men and women and | :09:35. | :09:39. | |
the public sector and private sector to get this right. I am a mother of | :09:40. | :09:43. | |
two daughters and I want merit and ability to come through in people | :09:44. | :09:48. | |
succeeding. I know the case for doing it, I'm just trying to get you | :09:49. | :09:52. | |
to address the time it is taking. Is it an attempt to name and shame? On | :09:53. | :09:58. | |
the select committee which started this term in Parliament, we have | :09:59. | :10:04. | |
been highlighting areas where people feel they are not doing the right | :10:05. | :10:08. | |
work and bringing them into a Parliament and explaining it. There | :10:09. | :10:12. | |
are people who think it doesn't go far enough and there are people who | :10:13. | :10:15. | |
think there is no need to do it. Give us an example of a company that | :10:16. | :10:20. | |
does well in the area and a company doing badly? Off the top of my head | :10:21. | :10:24. | |
I can't think of anyone very bad, but there are certain sectors where | :10:25. | :10:28. | |
it is a little bit more shady to get in to see what they are doing. You | :10:29. | :10:33. | |
cannot give me a company doing badly in an area in which you specialise? | :10:34. | :10:37. | |
You cannot name a company that is not doing well? I would below is to | :10:38. | :10:43. | |
point out one person in this. I'm not asking for a person, I'm asking | :10:44. | :10:48. | |
for company. I would below is to do that directly, because it is | :10:49. | :10:53. | |
important we get everybody on the same page which is why the | :10:54. | :10:55. | |
government is giving time for people to consider it. You are going to be | :10:56. | :11:00. | |
able to make a public by 2018 anyway, so | :11:01. | :11:02. | |
able to make a public by 2018 identify them. If you have done some | :11:03. | :11:06. | |
work now, I'm asking for an example of where they are not doing so well. | :11:07. | :11:12. | |
In terms of trailblazers, I know understand young's name came up in | :11:13. | :11:15. | |
the committee when we heard from Nicky Morgan and this is the reason | :11:16. | :11:20. | |
that the government -- Ernst and Young. Some companies are doing it | :11:21. | :11:26. | |
and they are seeing the value. How annoyed are you with what companies | :11:27. | :11:31. | |
are doing on the gender pay gap? We want equality in the workplace. We | :11:32. | :11:35. | |
take that for granted. What is wrong with publishing a list? The problem | :11:36. | :11:40. | |
is the regulations the government set out have created manipulated | :11:41. | :11:45. | |
statistics that the businesses will put on their website. We submitted | :11:46. | :11:49. | |
to the consultation saying, if you want to look at the way companies | :11:50. | :11:51. | |
break down want to look at the way companies | :11:52. | :11:56. | |
have to have control jobs like for like, control people doing the same | :11:57. | :12:00. | |
job and control the hours worked. What the government has put forward | :12:01. | :12:03. | |
is the worst way one could possibly try to come up with the gender pay | :12:04. | :12:07. | |
gap issue. Just looking at the medium and mean of female employees | :12:08. | :12:13. | |
and male employees will compare the chief executive of the receptionist | :12:14. | :12:18. | |
and people working in marketing, to resources, to engineering. We have | :12:19. | :12:21. | |
no idea if the men and women in those sectors should be getting paid | :12:22. | :12:24. | |
the same because they have different jobs. What do you say to that? There | :12:25. | :12:30. | |
are arguments that this is not detailed enough and I understand it, | :12:31. | :12:34. | |
but the government acting on this is very important. Not if they will | :12:35. | :12:39. | |
come up with a bad number. It's not that it's not detailed enough, it's | :12:40. | :12:43. | |
that the numbers will produce very manipulated statistics that people | :12:44. | :12:46. | |
will take for granted and use all the time. It will further the idea | :12:47. | :12:51. | |
that week -- women are victimised in the workplace and it doesn't help | :12:52. | :12:55. | |
Sally in marketing find out if she's being paid unfairly compared to | :12:56. | :13:03. | |
mark. It doesn't help women being sexist Lee treated in the workplace. | :13:04. | :13:08. | |
We heard evidence in the committee that it was important that if you | :13:09. | :13:12. | |
were in marketing or leadership, you had the same opportunities to | :13:13. | :13:15. | |
progress in a company. If it is out there how much people are being paid | :13:16. | :13:19. | |
and how the company handles men and women, we will see real progress for | :13:20. | :13:26. | |
women and the parity. And the progress that the Prime Minister was | :13:27. | :13:29. | |
talking about at his conference speech. It is right we are doing it. | :13:30. | :13:33. | |
I understand some people feel it's not detailed enough but I think by | :13:34. | :13:37. | |
2018 people will be shining a light on this and this is what the | :13:38. | :13:41. | |
government wants. How bad is the gender pay gap? My apologies, I was | :13:42. | :13:48. | |
asking Kate Andrews but I will come to you as well. Here in the UK if | :13:49. | :13:53. | |
you are a woman between the ages of 22 and 40 you are earning equal or | :13:54. | :13:58. | |
slightly more. So it is actually against men in that group? Once you | :13:59. | :14:04. | |
hit 40 drops. It is no surprise that this normally has to do with taking | :14:05. | :14:08. | |
time off to raise children. There is no pay gap between men and women in | :14:09. | :14:11. | |
the UK, there is a mother would pay gap between mothers and non-mothers. | :14:12. | :14:15. | |
We should talk about that. We should be focusing on that, but forcing | :14:16. | :14:22. | |
employers to publish statistics like this is just attacking employers who | :14:23. | :14:26. | |
actually, on average, if women are as experienced as men and working | :14:27. | :14:29. | |
the same amount of hours, employers like to promote women and pay them | :14:30. | :14:33. | |
more, so the real issue is whether or not women take that time of work. | :14:34. | :14:39. | |
Maybe the husband should be staying home a bit more. These are the | :14:40. | :14:44. | |
conversations we should have. Kelvin MacKenzie, you are nodding in | :14:45. | :14:49. | |
agreement. I've been an employer for 35 years, and the idea that you give | :14:50. | :14:54. | |
somebody more less money based on the agenda is absolutely absurd. | :14:55. | :14:58. | |
Mind you, I've only been in the media, so perhaps that is a | :14:59. | :15:02. | |
different kind of industry from the norm. The truth about the matter | :15:03. | :15:08. | |
today, if I looked at my daughter, an English teacher, my stepdaughter | :15:09. | :15:12. | |
in the insurance business, the toughest and cleverest people I | :15:13. | :15:15. | |
know. The idea that a male manager would hold them back is ludicrous. | :15:16. | :15:22. | |
And honestly, I agree with your point, I actually do believe that | :15:23. | :15:26. | |
men actually want to promote women even at the expense of their male | :15:27. | :15:28. | |
employees. It has completely turned. Dream on, Kelvin, really! Actually, | :15:29. | :15:41. | |
the data we have tells a different story. Young women, yes, are doing | :15:42. | :15:47. | |
really well. There is a falloff just before 40 years of age. By the time | :15:48. | :15:51. | |
you get into your 40s, and certainly in your 50s, as a woman, the pay gap | :15:52. | :15:57. | |
has gone wider. To say this is just because women have taken time out, | :15:58. | :16:01. | |
for me, is not to look at the question is, how are women being | :16:02. | :16:04. | |
rewarded if they work part-time, and how do they get back up the tree | :16:05. | :16:10. | |
again? To take young women and say, this is going to continue on a line | :16:11. | :16:14. | |
going upwards is not what the data shows, not in America and not here. | :16:15. | :16:18. | |
If for instance you have a very modestly paid guest here, now, if I | :16:19. | :16:26. | |
were to be a presenter, or indeed Andrew's editor, a job to which | :16:27. | :16:33. | |
everyone aspires, when I have come back into the workplace, then | :16:34. | :16:36. | |
clearly I am not going to be in the gender pay gap in the same way. So | :16:37. | :16:39. | |
it is often about what women get the chance to do when they come back | :16:40. | :16:45. | |
into the workforce after motherhood. I completely agree. That is the | :16:46. | :16:49. | |
fundamental problem. It is lifestyle choices which many women want to | :16:50. | :16:54. | |
make, which mean they take time off for their career and do not have the | :16:55. | :16:57. | |
same opportunities when they come back. I think a lot of women are | :16:58. | :17:01. | |
pressured into making those choices and they do not feel they have the | :17:02. | :17:06. | |
flexibility. It is not an issue for the government. Let me give the | :17:07. | :17:13. | |
final word to Mims Davies. Absolutely we are looking at all of | :17:14. | :17:19. | |
that - part-time working, agile working and the fact that women over | :17:20. | :17:24. | |
40 are more penalised. So, this is a package of measures which the | :17:25. | :17:27. | |
government is taking and recognising. Absolutely, I do think | :17:28. | :17:30. | |
men want to promote women. Real equality would be the school run, | :17:31. | :17:37. | |
dads at the plays, dads able to take time off to look after children as | :17:38. | :17:41. | |
well. That is real equality. I am delighted that business is so much | :17:42. | :17:46. | |
behind this as well. There are some great examples out there. We can do | :17:47. | :17:56. | |
more! Big news has been breaking in the media world. The Independent and | :17:57. | :18:02. | |
the Independent on Sunday are to close as print titles. The baby | :18:03. | :18:10. | |
sister, i, is being bought by a big regional newspaper company, Johnson | :18:11. | :18:15. | |
press, which owns the Yorkshire Post in Leeds and The Scotsman in | :18:16. | :18:20. | |
Edinburgh. But as print publications, the Independent and | :18:21. | :18:25. | |
the Independent on Sunday are too close. Let me get the reaction of | :18:26. | :18:28. | |
two distinguished journalists with me now. Well, it will not be any sad | :18:29. | :18:36. | |
, to be honest. We have a fantastic array of print products every | :18:37. | :18:40. | |
morning. The i was not one of them. And the independent has not been one | :18:41. | :18:44. | |
of them for the last 10-15 years. Can they survive as digital | :18:45. | :18:46. | |
publications only? Definitely not. Can they survive as digital | :18:47. | :18:52. | |
It is very expensive actually to produce good digital news products. | :18:53. | :18:57. | |
It is not a good online offering, and there will be no users, and | :18:58. | :19:01. | |
therefore no advertisers. I'm afraid it is good night. I am a bit more | :19:02. | :19:06. | |
sympathetic, partly because I used to work for the independent. It is | :19:07. | :19:10. | |
all my fault! But it did feel a gap in terms of liberal thinking, which | :19:11. | :19:14. | |
was not as far to the left as the Guardian. More centre-left. It | :19:15. | :19:20. | |
became so, but actually, when it was founded, it was former City | :19:21. | :19:24. | |
journalists... Quite centrist. Something which is missing in our | :19:25. | :19:29. | |
debate, it is a kind of free-market liberalism. The further left it has | :19:30. | :19:33. | |
gone, the further it has collapsed. There may be some truth in that. The | :19:34. | :19:38. | |
i however was cheaper and aimed at young readers. It took the content | :19:39. | :19:45. | |
of The Independent. It did. Johnson press have not said they would do | :19:46. | :19:50. | |
that as a digital product. No, they are buying it as a paper. At how | :19:51. | :19:54. | |
will they fill it with content? Well, they have explained. They're | :19:55. | :19:59. | |
going to use their regional journalists, which is perfectly all | :20:00. | :20:03. | |
right, but there is no role for the i with a load of stories about | :20:04. | :20:06. | |
Walsall and Preston and various other places. I'm afraid I do not | :20:07. | :20:14. | |
agree with the CEO of Johnson press. I think there is a question mark | :20:15. | :20:17. | |
about whether he survives with that 24 million gone. It is the Russians | :20:18. | :20:23. | |
who own these papers. They have sold the i, they are closing the print | :20:24. | :20:30. | |
versions of the Independent and the Independent on Sunday. So what | :20:31. | :20:33. | |
happens to the London standard? They were spreading the costs all over. | :20:34. | :20:38. | |
Would that not make the it extended an economic? I would not have | :20:39. | :20:44. | |
thought so, although I should declare that I do write a column in | :20:45. | :20:48. | |
the Evening Standard. The problem is that they were spread bit too thin, | :20:49. | :20:52. | |
and they had also invested in this television station, London Live. I | :20:53. | :20:57. | |
would have thought they seem to be committed to the standard. They have | :20:58. | :21:02. | |
got the losses down. The problem was that the Independent was leeching | :21:03. | :21:06. | |
money. They now seem to have got what looks like a very good | :21:07. | :21:13. | |
financial deal for the Independent. So, breaking news there. | :21:14. | :21:19. | |
Global markets faced another difficult day yesterday as selloffs | :21:20. | :21:22. | |
in Asia, Europe and America pulled the world market | :21:23. | :21:24. | |
The turmoil has been sparked over investor fears surrounding the cost | :21:25. | :21:28. | |
to banks of negative borrowing rates imposed by central banks | :21:29. | :21:31. | |
as well as concerns over the market and currency volatility | :21:32. | :21:33. | |
This week has seen significant developments on the global economic | :21:34. | :21:41. | |
The US Federal Reserve warned of "increased volatility" | :21:42. | :21:45. | |
The FTSE lost 2.4% overnight, with the Nikkei in Japan | :21:46. | :21:52. | |
And Sweden joined Japan in cutting interest rates deeper | :21:53. | :22:07. | |
So, you pay the bank to take your money. | :22:08. | :22:15. | |
We're joined now by Linda Yueh from Oxford University. | :22:16. | :22:19. | |
She used to be the BBC's chief business correspondent, but now | :22:20. | :22:27. | |
she's respectable! Let me just get to what I think is the kernel of | :22:28. | :22:31. | |
this. It has been clear since the end of the last year, and | :22:32. | :22:34. | |
increasingly this year, but the markets have lost faith in the | :22:35. | :22:40. | |
central banks, that they know what they are doing? And I would add to | :22:41. | :22:44. | |
that, policymakers in emerging markets. You look at the two big | :22:45. | :22:49. | |
drivers, it is uncertainty over what the Federal Reserve is going to do | :22:50. | :22:52. | |
next, what major central banks are doing. And this is depressing bank | :22:53. | :22:56. | |
shares. The other big uncertainty is around what China and other emerging | :22:57. | :23:01. | |
markets are doing. Are they going to be able to manage a slowdown? That | :23:02. | :23:05. | |
is hitting commodities and minerals. If you luck at these of two sectors, | :23:06. | :23:10. | |
they are leading the decline. That is why the British stock market is | :23:11. | :23:14. | |
in a bear market, and globally, stock markets are also in a bear | :23:15. | :23:18. | |
market, down 20% from their peak. But I should also emphasise that | :23:19. | :23:25. | |
cheap money, since 2008, a lot of it has gone into equities. So the FTSE | :23:26. | :23:31. | |
had a record high last April. So even if it has topped by 20%, it is | :23:32. | :23:35. | |
still very high relative to what it was before the crisis. If you are | :23:36. | :23:42. | |
thinking, I'm not sure what is going to happen with interest rates or | :23:43. | :23:42. | |
global growth, then maybe you should take a little bit of your money out | :23:43. | :23:47. | |
of the market, what is called profit-taking, and see how it goes. | :23:48. | :23:51. | |
That is what people are doing, people are buying bills in America, | :23:52. | :23:58. | |
gilts in Britain, and buying gold. If not a huge amount. Are they right | :23:59. | :24:03. | |
to do that? I think if you wanted to diversify your portfolio, I would | :24:04. | :24:10. | |
say yes. By the way, the UK is not as bad as the United States. The | :24:11. | :24:13. | |
number of record highs which has been hit by the SNP, by the down | :24:14. | :24:18. | |
Jones, that market was always going to deflate. So taking some of your | :24:19. | :24:21. | |
money out and putting it into government bonds, as you mentioned, | :24:22. | :24:26. | |
you get low returns but the volatility will be less. That being | :24:27. | :24:29. | |
said, interest rates of course also affect government bonds, the | :24:30. | :24:34. | |
interest that government pays. And so there is I think quite a lot of | :24:35. | :24:39. | |
volatility and into all of these classes. The big question, of course | :24:40. | :24:46. | |
cash is a better thing to be in now if there is no inflation, because it | :24:47. | :24:50. | |
does not lose its value, even with derisory interest rates. But the big | :24:51. | :24:54. | |
question which I think a lot of our viewers would like to know is this - | :24:55. | :25:00. | |
these collapses of the stock exchanges, are they a harbinger of | :25:01. | :25:03. | |
another recession on the way this year or not? That is what we want to | :25:04. | :25:09. | |
know! Because we know the stock exchanges have predicted nine of the | :25:10. | :25:13. | |
last five recessions. Yes, five of the last nine. Absolutely. In the | :25:14. | :25:20. | |
US, a stock market is... Actually it is nine of the last five, because | :25:21. | :25:24. | |
they predicted a lot more than actually happened! That is a nice | :25:25. | :25:29. | |
way of putting it. In the US, they are known as a leading indicator. | :25:30. | :25:33. | |
But in Europe it has not had a similar track record. So I would not | :25:34. | :25:38. | |
necessarily say that... So are we heading for a recession? Not | :25:39. | :25:41. | |
necessarily because of the stock markets. Obviously, if things get | :25:42. | :25:45. | |
much worse in the stock market, you cannot divorce the two. But right | :25:46. | :25:48. | |
now if you look at the underlying health of the British economy, the | :25:49. | :25:53. | |
Eurozone, the American economy, it is not stellar but it is not clear | :25:54. | :25:57. | |
that there is any real economy drivers pushing them into recession | :25:58. | :26:01. | |
again. That being said, however, if the stock market plunges too far, or | :26:02. | :26:06. | |
if China has a hard landing, or if the emerging markets really have | :26:07. | :26:10. | |
problems, of course the two cannot be divorced for too long. The | :26:11. | :26:14. | |
reality was that we were printing money with no basis for it. Rupert | :26:15. | :26:19. | |
Murdoch, give him his credit, nine months ago forecast all of this. He | :26:20. | :26:23. | |
said, there is too much money splashing around. These shares are | :26:24. | :26:26. | |
miles too high in Wall Street and they are coming down. Businessmen | :26:27. | :26:30. | |
and women have got to get on with it. That is the truth about the | :26:31. | :26:33. | |
matter. Things go up and they go down. Mining has been ridiculous, | :26:34. | :26:41. | |
oil has been $113, it is now at $30. Who can tell? It is great news for | :26:42. | :26:46. | |
us, the consumer. It is not great news if you are a stockholder in | :26:47. | :26:50. | |
some big oil company. The collapse of oil prices is like a massive tax | :26:51. | :26:55. | |
cut but it is not having an impact on the growing economies. It affects | :26:56. | :26:59. | |
liquidity in lots of different areas, that is true. But the fact | :27:00. | :27:02. | |
is, we are not in bad shape in our country. The US is doing well. Doing | :27:03. | :27:09. | |
OK. Yes, but it is doing well. How well do we expect it to be? We do | :27:10. | :27:13. | |
not expect China to grow at 7-10% any more. They are becoming like us. | :27:14. | :27:19. | |
Truth is, we should not get too knocked out of bed by all of this. | :27:20. | :27:23. | |
Someone who might is George Osborne. He came in after the election | :27:24. | :27:26. | |
suggesting that if he simply held his course, the message was that | :27:27. | :27:30. | |
things were going a lot better. Then I noticed, when he spoke at the | :27:31. | :27:35. | |
World Economic Forum at Davos, the message had changed quite abruptly | :27:36. | :27:39. | |
to global gloom, which is the Chancellor or code for, it is not my | :27:40. | :27:44. | |
fault if the economy starts to falter. He has got a five year | :27:45. | :27:48. | |
parliament, he has got a majority. Labour is really nowhere on the | :27:49. | :27:52. | |
economy at the moment, for most people anyway. So he can do with it | :27:53. | :27:57. | |
at a time when things are bad and bumpy. But he does need to keep that | :27:58. | :28:00. | |
narrative going, that it has been worth it. That the cuts in public | :28:01. | :28:06. | |
spending are actually getting us somewhere, that our productivity is | :28:07. | :28:10. | |
improving. If he cannot make back argument at the very time when he | :28:11. | :28:13. | |
wants to run for the leadership, I suspect, then he could have a | :28:14. | :28:18. | |
slightly bumpy ride. The Chinese economy is slowing down, but even | :28:19. | :28:22. | |
more importantly, it is moving from a smokestack to a consumer driven | :28:23. | :28:26. | |
economy. The emerging markets are now part of the problem, not the | :28:27. | :28:31. | |
solution, unlike in 2008, when they were part of the solution. The | :28:32. | :28:37. | |
Eurozone is growing by 1%, confirmed by figures today. The British | :28:38. | :28:41. | |
economy is struggling to stay over 2%, so is the American economy. You | :28:42. | :28:45. | |
add all of that up and we are fragile. It would only take one | :28:46. | :28:49. | |
major shock to blow that fragility apart, is it not the case? I think | :28:50. | :28:54. | |
it is absolutely the case. That's why if you are worried that we could | :28:55. | :28:57. | |
be facing recession... The thing with crises is that they will never | :28:58. | :29:03. | |
be foreseen. Or we foresee the wrong one! But can policymakers do | :29:04. | :29:08. | |
anything about it? And the reason we keep talking about negative interest | :29:09. | :29:11. | |
rates is because interest rates are barely 0%. They are being cut | :29:12. | :29:18. | |
further to try to get growth up. If you have a big crisis, how much more | :29:19. | :29:21. | |
ammunition could central banks do, and the tools they have have really | :29:22. | :29:29. | |
fuelled, I think... Cheap cash has fuelled for instance equity markets. | :29:30. | :29:33. | |
So I think the answer is fiscal. Now, fiscal is all about politics. | :29:34. | :29:37. | |
Are you willing to use government spending to boost the economy, | :29:38. | :29:40. | |
should the economy go into recession? And that economy and | :29:41. | :29:44. | |
think will be no for major economies. This will be the real | :29:45. | :29:48. | |
problem. Very quickly, on the recession for the UK, I think the | :29:49. | :29:52. | |
indicator to watches actually interest rates, because the high | :29:53. | :29:55. | |
amount of household debt in Britain is more likely to be... The markets | :29:56. | :30:02. | |
do not think until 2019. Exactly. So what is the point of Mark Carney? I | :30:03. | :30:08. | |
don't know! Why has he spent three years telling us, you have got to | :30:09. | :30:11. | |
get your mortgage settled in and all of that? No point asking me! Why is | :30:12. | :30:18. | |
he still in a job? He has been wrong. Trying to predict markets is | :30:19. | :30:24. | |
a fool's game. You might as well go into the betting shop. The man has | :30:25. | :30:27. | |
been a disaster. I hope he goes back to Canada. On that friendly view of | :30:28. | :30:32. | |
the Governor of the Bank of England, we will thank Linda and move on! | :30:33. | :30:36. | |
Now, the row over whether Britain should remain in or leave the EU | :30:37. | :30:39. | |
was never going to be overly-friendly, and this week we've | :30:40. | :30:42. | |
seen accusations from both sides that the other has resorted | :30:43. | :30:44. | |
to scaremongering to make their case. | :30:45. | :30:46. | |
And earlier this week it turned out that even the prime minister, | :30:47. | :30:48. | |
the man who once proclaimed that sunshine could win the day, | :30:49. | :30:51. | |
wasn't above issuing a gloomy warning. | :30:52. | :30:53. | |
Here's what he had to say about what would happen to British | :30:54. | :30:55. | |
On the issue of Europe and our borders, look, | :30:56. | :31:01. | |
Yes, this is a bilateral agreement, it is a good agreement. | :31:02. | :31:06. | |
It is an agreement which means that our borders are effectively | :31:07. | :31:09. | |
in Calais, not in Dover. | :31:10. | :31:11. | |
I work very hard with my French counterparts, as does | :31:12. | :31:17. | |
the Home Secretary, to make sure we do keep that. | :31:18. | :31:20. | |
That is why we have helped with financing, why we have helped | :31:21. | :31:23. | |
with finances, with border guards and co-operation | :31:24. | :31:25. | |
But the fact is, there are an awful lot of opposition politicians | :31:26. | :31:31. | |
in France who would love an excuse to tear up that treaty, | :31:32. | :31:34. | |
and who would like the border not to be in France | :31:35. | :31:37. | |
I do not want to give people an excuse to do that. | :31:38. | :31:44. | |
And we're joined now by James McGrory, head | :31:45. | :31:47. | |
of communications for Britain Stronger in Europe, | :31:48. | :31:49. | |
and Richard Tice, founder and CEO of Leave.eu. | :31:50. | :31:55. | |
So after all these accusations and counter-accusations | :31:56. | :31:58. | |
of scaremongering we've devised a Daily Politics quiz, | :31:59. | :32:02. | |
loosely inspired by the Generation Game, | :32:03. | :32:07. | |
to try and get to the bottom of some of these stories. | :32:08. | :32:10. | |
James, Richard, you're going to see a series of images, | :32:11. | :32:16. | |
and as they pass by on the conveyor belt, I want you to identify | :32:17. | :32:19. | |
which scare stories have been pushed by which campaign. | :32:20. | :32:25. | |
Here we go. There we go. OK. 4% inflation. Biscuits, which one is | :32:26. | :32:47. | |
that? The NHS. These. One of hours I think. Mr Putin. One of yours. So | :32:48. | :32:57. | |
you did identify some of them. I think were mainly on the remaining | :32:58. | :33:03. | |
side. Got to be for each, it's the BBC. Which ones were the remaining | :33:04. | :33:11. | |
scare stories? This is tough, you have to remember what they are. | :33:12. | :33:19. | |
Football was ours. What was the point though? You couldn't buy | :33:20. | :33:26. | |
players any more. You were allowed to travel freely in the EU and | :33:27. | :33:31. | |
footballers, like Hector Bellerin at Arsenal, he would not be allowed to | :33:32. | :33:38. | |
play. Remember, they are scare stories. 4% were city banks saying | :33:39. | :33:42. | |
that inflation would go to 4% if we left. Who knows where Citibank got | :33:43. | :33:52. | |
that figure? The Bees, that was the remain campaign, something to do | :33:53. | :33:58. | |
with the European bees. Mr Putin was Remain because he would love us to | :33:59. | :34:06. | |
leave. The out stories were Turkey, that flag would be flying over | :34:07. | :34:10. | |
Downing Street. Biscuits, interfering with how we prepare | :34:11. | :34:14. | |
biscuits. The NHS would have to privatise unless we got out. And the | :34:15. | :34:19. | |
Eurozone. That is a perennial scare story. It's the most important one. | :34:20. | :34:29. | |
So, James, how many votes do you think there are in warning people | :34:30. | :34:34. | |
that it is bad for British bees? I don't think it's the be all and end | :34:35. | :34:40. | |
all. It's got nothing to do with our membership. The bee population will | :34:41. | :34:47. | |
decline across the world, and you have to take action whether you are | :34:48. | :34:51. | |
in or out. But the future of the country should not be determined on | :34:52. | :34:54. | |
the bee population? I think it will be about the economy and security. | :34:55. | :34:58. | |
How many votes are there in biscuits? There are no votes in | :34:59. | :35:05. | |
biscuits. Why make it an issue? The reality is people want to focus on | :35:06. | :35:10. | |
issues like sovereignty and security. So why are both sides | :35:11. | :35:15. | |
focusing on this? These are trivial issues. The big issues are | :35:16. | :35:22. | |
sovereignty and economics. Why is the Prime Minister scaremongering as | :35:23. | :35:26. | |
he was earlier, suggesting migrant camps are coming? The Prime Minister | :35:27. | :35:33. | |
implied that the reason we had the Calle arrangement was because of | :35:34. | :35:36. | |
membership of the EU and if we left the EU that would be ripped up and | :35:37. | :35:40. | |
the camps would move to Kent. We know none of that is true. The camps | :35:41. | :35:46. | |
RA result of the bilateral arrangement by France and Britain | :35:47. | :35:50. | |
and even if we did stay in the EU, France could rip the treaty up | :35:51. | :35:55. | |
tomorrow if it wanted to. It is not connected with EU membership. There | :35:56. | :35:59. | |
is a greater risk they would rip it up if we left the EU. The former | :36:00. | :36:03. | |
head of the UK border end and she -- agency said that. French politicians | :36:04. | :36:09. | |
are queueing up to say the same thing. Hold on, the French | :36:10. | :36:13. | |
politicians are queueing up to say that regardless of whether we are in | :36:14. | :36:17. | |
or out, Nicolas Sarkozy says he will rip up the agreement, regardless of | :36:18. | :36:22. | |
whether Britain is in or out of the EU, so the membership is not the | :36:23. | :36:26. | |
factor. He's already saying he would do it. The guy who ran the borders | :36:27. | :36:33. | |
in this country... He doesn't run France, and Mr Sarkozy could be the | :36:34. | :36:37. | |
next president. He says he will do it even if we stay in. It was a | :36:38. | :36:40. | |
deliberate attempt by the Prime Minister to scare the British | :36:41. | :36:44. | |
people. He is bullying his cabinet ministers and frightening his junior | :36:45. | :36:49. | |
ministers. And now he's trying to terrify the British public with | :36:50. | :36:56. | |
suggestions of tents all over Kent. And you are saying people will be | :36:57. | :37:01. | |
overrun by Turks if we stay in. We are not trying to terrify people. | :37:02. | :37:05. | |
It's a clear thing about whether we want to stay in or out. There is no | :37:06. | :37:11. | |
prospect of Turkey joining. You ask some people on the Remain side... We | :37:12. | :37:15. | |
have seen the transcript of the Turkish resident dealing with Mr | :37:16. | :37:22. | |
Task, and the biggest complaint was that in 30 years they have made no | :37:23. | :37:28. | |
progress. -- Mr Task. Why are you scaring people? I have not been | :37:29. | :37:34. | |
scaring people. Your side has. Others might have done. Are you | :37:35. | :37:40. | |
elevated by the debate on the future of the nation? Not particularly but | :37:41. | :37:43. | |
you expect a big scrap, and if you have a referendum, you have a big | :37:44. | :37:48. | |
punch-up. I'm not appalled either. It is interesting given Mr Cameron's | :37:49. | :37:53. | |
position on renegotiation I hadn't expected him to go into | :37:54. | :37:57. | |
scaremongering so early. I think he knows he has perhaps he has a bit | :37:58. | :38:04. | |
more to do, bit more worried than we anticipated and to respond quickly | :38:05. | :38:08. | |
to the fact that the renegotiation deal is broadly seen as pro-or | :38:09. | :38:13. | |
anti-as not much of a deal, so he has to move the argument elsewhere. | :38:14. | :38:20. | |
I agree with that. I was astonished. This is the kind of throw of the | :38:21. | :38:24. | |
dice I would expect with ten days to go, but four months in advance, I | :38:25. | :38:29. | |
reckon his own private polling is telling him that things look very | :38:30. | :38:33. | |
gloomy and the other aspect is, it gives the members of the league | :38:34. | :38:38. | |
campaign a push, because if they say that the Prime Minister is running | :38:39. | :38:43. | |
the race and migrants argument, I will run my own race and migrants | :38:44. | :38:47. | |
argument. Look at those 11 million people from Syria. Either way, they | :38:48. | :38:49. | |
are making their way the A2. I people from Syria. Either way, they | :38:50. | :38:56. | |
by him. He is flogging himself to death, seven days a week, and even | :38:57. | :39:01. | |
fronting up prison reform is right in the middle of these negotiations. | :39:02. | :39:05. | |
I think he is overworking. He is overstretched. He is scaring people | :39:06. | :39:11. | |
at a time when he gags his own ministers. We love the | :39:12. | :39:13. | |
scaremongering because the truth is that the British people will not be | :39:14. | :39:17. | |
bullied, we will not be scared or threatened and I am convinced we | :39:18. | :39:23. | |
will vote to leave. When will we move on, and in your case, when will | :39:24. | :39:28. | |
we start to hear the positive, uplifting case for remaining in the | :39:29. | :39:34. | |
European Union? I try to make it every day, the economic benefits | :39:35. | :39:38. | |
from being in the EU, the jobs linked to the membership, lower | :39:39. | :39:41. | |
prices in the shops and the huge amount of investment we get in the | :39:42. | :39:43. | |
country because big companies know they can trade to the world's | :39:44. | :39:49. | |
largest trading block on their doorstep. I'd rather talk about that | :39:50. | :39:54. | |
than biscuits or bees. When will we get a clear idea of what sort of | :39:55. | :39:57. | |
nation we would be if we are no longer in the EU? We make the | :39:58. | :40:04. | |
message all the time. Britain would be outward facing, globally facing. | :40:05. | :40:08. | |
Big businesses, when they address the issues, they realise, forget the | :40:09. | :40:14. | |
myths, there are no concerns about jobs and their investment and plans | :40:15. | :40:18. | |
for the UK. Take Toyota, Nissan, Vauxhall, they all said they would | :40:19. | :40:23. | |
make more. We have run out of time but you can see it is actually more | :40:24. | :40:28. | |
interesting that we get onto the important issues and then we will | :40:29. | :40:33. | |
come back and forget about the bees. Or the birds. | :40:34. | :40:38. | |
If you're an assiduous follower of the Daily Politics, | :40:39. | :40:40. | |
you'll know by now that Giles has recently been rubbing shoulders | :40:41. | :40:42. | |
with huge numbers of the great and good. | :40:43. | :40:44. | |
He's talked to handfuls of former home secretaries, | :40:45. | :40:46. | |
oodles of former health secretaries, and a smattering | :40:47. | :40:48. | |
Today, in the latest of our series, "So you want to be a Secretary | :40:49. | :40:53. | |
of State?", Giles has been getting to grips with the job of Defence | :40:54. | :40:56. | |
Whitehall, the heart of government, but could you be in charge of the | :40:57. | :41:16. | |
Army, Navy and air force and still be responsible for all the nuclear | :41:17. | :41:20. | |
weapons and the lives of all service personnel, so you want to be | :41:21. | :41:27. | |
Secretary of State for Defence. It's the only department where I can | :41:28. | :41:29. | |
remember even if I was walking down the corridor, even civil servant | :41:30. | :41:34. | |
would say good morning, sir. I walked down Downing Street as Shadow | :41:35. | :41:39. | |
Secretary of State for Scotland with a staff of three, and I walked back | :41:40. | :41:43. | |
down the Secretary of State for Defence with 383,000 employees. | :41:44. | :41:48. | |
Being dropped out of the helicopter onto the flat deck of a submarine | :41:49. | :41:58. | |
was not wholly fun. No Prime Minister will forget the | :41:59. | :42:06. | |
responsibilities of the Secretary of State for Defence and no Prime | :42:07. | :42:09. | |
Minister -- Secretary of State should think they are operating on | :42:10. | :42:12. | |
the right. I could not say anything about the fiancee of my friend being | :42:13. | :42:16. | |
killed. Without a shadow of a doubt, that was the low point. Jill Rutten | :42:17. | :42:21. | |
was a senior civil servant and is now at the Institute for local | :42:22. | :42:24. | |
government. She says being Defence Secretary is about being strategic. | :42:25. | :42:30. | |
To be a good Secretary of State for Defence you've basically got to | :42:31. | :42:34. | |
fight on three fronts. Get a grip of a big department, big budgets. By | :42:35. | :42:39. | |
watering numbers. Still, you have to be credible with the military and | :42:40. | :42:42. | |
the interesting thing about the military is they have direct access | :42:43. | :42:46. | |
very often to the Prime Minister and the media. And you also want to be a | :42:47. | :42:52. | |
player in the debates the government is having about national security, | :42:53. | :42:55. | |
and the best Secretary of State of defence are the people who can win | :42:56. | :42:59. | |
all those three fronts at the same time. General Guthrie, the first | :43:00. | :43:03. | |
chief of defence staff when I arrived in October 1999, described | :43:04. | :43:09. | |
the Ministry of Defence is a three legged install. I found that an | :43:10. | :43:13. | |
attractive description of the military, civil servants and | :43:14. | :43:18. | |
politicians. They all had to work together to keep this stool up | :43:19. | :43:23. | |
right. But in a sense they were struggling to argue their case. | :43:24. | :43:28. | |
In defence, the general rule is, know your enemy. But it isn't always | :43:29. | :43:35. | |
do you think. We often used to say when ministers of defence met | :43:36. | :43:42. | |
together that the common enemy was not an external enemy, it was the | :43:43. | :43:47. | |
ministries of finance. When you have a very big budget it's not just the | :43:48. | :43:51. | |
Treasury who are after your money, pretty well every other department | :43:52. | :43:55. | |
is as well. But the MoD has its ways of fighting back. The ministry are | :43:56. | :44:02. | |
very professional. They know the dangers and they have what I think | :44:03. | :44:11. | |
is called a long-term costing, I think, the next ten years every | :44:12. | :44:14. | |
penny has been spent. They will tell you exactly where it is going, and | :44:15. | :44:19. | |
they do that so they can say to the Treasury there is no money left. | :44:20. | :44:22. | |
Until they want something different, and then they change it. It is not | :44:23. | :44:28. | |
just the civil servants who have their ploys. Part of what the chief | :44:29. | :44:34. | |
of staff does is to give military advice, but they are also the trade | :44:35. | :44:37. | |
union representatives of the uniformed personnel that they are | :44:38. | :44:42. | |
ahead of. They are fighting for their own particular profession's | :44:43. | :44:46. | |
interest. That will often be in the public interest and easy to support, | :44:47. | :44:50. | |
but sometimes it will not necessarily be in the public | :44:51. | :44:53. | |
interest any more than the views of the British Medical Association as | :44:54. | :44:56. | |
to what doctors should have and receive and how they should be | :44:57. | :44:59. | |
treated. It's not always in the interest of the wider public. Liam | :45:00. | :45:03. | |
Fox came into the job in 2010 with a mission to cut budgets and Project | :45:04. | :45:09. | |
overspends, and that was going to -- upset both civil servants and the | :45:10. | :45:10. | |
military. Some of my colleagues spoke about | :45:11. | :45:18. | |
the difficulty of the relationship with the civil service. And I said, | :45:19. | :45:23. | |
times two, for what you get in defence. I generally found that at | :45:24. | :45:27. | |
the top, it was a fairly good relationship. But further down you | :45:28. | :45:31. | |
had enormous resistance to change. And we brought in a tsunami of | :45:32. | :45:36. | |
change with us in 2010. He is soon decided to scrap the improvement | :45:37. | :45:40. | |
project to the RAF's Nimrod aircraft. And he had to take action | :45:41. | :45:46. | |
to prove he meant it. I was met the next day with a little campaign | :45:47. | :45:50. | |
which said, there is going to be a campaign to save the Nimrod. Having | :45:51. | :45:55. | |
just been elected, I said, not if we cut the wings of it, there will not. | :45:56. | :46:01. | |
So we did cut the wings of them. Make it very clear, when this | :46:02. | :46:05. | |
government said it was going to do something, we had to make it clear | :46:06. | :46:10. | |
that it would do it. Liam Fox was a doctor, not a soldier. But once upon | :46:11. | :46:13. | |
a time the job was often taken by someone who had been in the | :46:14. | :46:20. | |
military. In my day, when I was the Secretary of State for Defence and | :46:21. | :46:23. | |
foreign secretary and so on, we had all really, or almost all of us, had | :46:24. | :46:28. | |
been in the Second World War. And so we understood a bit about it and | :46:29. | :46:32. | |
were concerned about it and knew a bit about defence. I think the more | :46:33. | :46:39. | |
remote the Second World War becomes, the more difficult it is for | :46:40. | :46:43. | |
ministers who know nothing whatever about it, who have never been in the | :46:44. | :46:50. | |
services, to adjust to it. But actually, today, some ministers | :46:51. | :46:55. | |
think that lack of military experience can be an advantage. I | :46:56. | :47:01. | |
have never been a soldier. I was a little bit nervous at first as to | :47:02. | :47:04. | |
how the chiefs of staff would react to a Secretary of State who had | :47:05. | :47:08. | |
never served in the Armed Forces. In fact I found they were relieved, | :47:09. | :47:14. | |
because a number of my predecessors had been captains, majors, thought | :47:15. | :47:18. | |
they knew it all, thought they could tell the generals how to run an | :47:19. | :47:21. | |
army, and did not have that degree of experience. I didn't have no | :47:22. | :47:26. | |
illusions of that kind. Of course, there is one area which does not | :47:27. | :47:32. | |
give room for illusions. It is a hard reality. What a lot happened on | :47:33. | :47:38. | |
my watch. And you never, ever do it lightly. You never, ever take a | :47:39. | :47:44. | |
casual view about sending people into what is known as harm's way. | :47:45. | :47:48. | |
Because you know the responsible at Eli is on your shoulders. -- the | :47:49. | :47:59. | |
responsibility lies. I established the idea of having repatriations | :48:00. | :48:04. | |
ceremonies, and rightly, I went to the first one, I went to a number of | :48:05. | :48:08. | |
them. And afterwards I went to see the families of those who had died, | :48:09. | :48:13. | |
in some cases only a matter of days after their loss. That was probably | :48:14. | :48:16. | |
the most difficult thing I have ever had to do in my life. The Prime | :48:17. | :48:21. | |
Minister is commander-in-chief and makes the decision whether to commit | :48:22. | :48:24. | |
troops. But if anyone doubted the importance of defence, one Labour | :48:25. | :48:29. | |
Secretary of State is clear - electorally, there are warnings from | :48:30. | :48:33. | |
history. You do not play politics unnecessarily in defence. In my | :48:34. | :48:39. | |
subsequent career, I used to tell a lot of countries, don't play | :48:40. | :48:43. | |
politics with defence. The Labour Party did and went out of power for | :48:44. | :48:47. | |
18 years. Whoever is in government, defence is an office which involves | :48:48. | :48:51. | |
great burdens, budgets and bureaucracy. And yet those who have | :48:52. | :48:56. | |
done it often say it is one of the most fascinating honours of their | :48:57. | :48:57. | |
career. Now in case you missed | :48:58. | :49:01. | |
it earlier this week, there was quite a result | :49:02. | :49:04. | |
in the New Hampshire primary over Both the Republican and Democrat | :49:05. | :49:07. | |
parties are in the process of choosing who their candidate | :49:08. | :49:13. | |
will be for the presidential And on Tuesday night Hilary Clinton | :49:14. | :49:16. | |
suffered a set-back, In the Republican race Donald Trump | :49:17. | :49:20. | |
exceeded expectations, Here are the two winners | :49:21. | :49:23. | |
from Tuesday night. We are going to make | :49:24. | :49:30. | |
America great again, but we're going to do it | :49:31. | :49:37. | |
the old-fashioned way. We're going to beat China, | :49:38. | :49:39. | |
Japan, we're going to We're going to beat all of these | :49:40. | :49:42. | |
countries that are taking so much of our money away from | :49:43. | :49:49. | |
us on a daily basis. Given the enormous | :49:50. | :49:52. | |
crises facing our country, it is just too | :49:53. | :50:04. | |
late for the same old, same old establishment | :50:05. | :50:08. | |
politics and establishment We've been joined in the studio | :50:09. | :50:12. | |
by Jan Halper, chairman of the UK branch of Republicans Overseas, | :50:13. | :50:24. | |
and in our Oxford studios by none other than the brother | :50:25. | :50:27. | |
of Bernie Sanders, who has this week just been made the Green Party's | :50:28. | :50:33. | |
health spokesman, Larry Sanders. That is the Green Party here in | :50:34. | :50:42. | |
Britain. Let's begin by looking at some | :50:43. | :50:44. | |
of the Republican Donald Trump, 69, is a billionaire | :50:45. | :50:48. | |
business mogul worth He leads the polls nationally | :50:49. | :50:52. | |
and in some key states. As Daily Politics viewers know, | :50:53. | :51:01. | |
his comments about muslims have caused some controversy, | :51:02. | :51:03. | |
though not with Katie Hopkins! Ted Cruz is a Texas Senator | :51:04. | :51:06. | |
who shot to fame in 2014 for speaking for 24 | :51:07. | :51:14. | |
hours against Obamacare. He gained a surprise victory | :51:15. | :51:15. | |
in the Iowa caucuses last week. He came third in New Hampshire - | :51:16. | :51:24. | |
respectable. 44-year-old Macro Rubio | :51:25. | :51:28. | |
was born in Miami to He's been a Florida senator since | :51:29. | :51:30. | |
2011 during which time his part in a bipartisan immigration reform | :51:31. | :51:36. | |
package is thought to have cost him He has since changed his views on | :51:37. | :51:52. | |
that during the primaries. And now look at the Democratic Party | :51:53. | :51:54. | |
frontrunners, there is only two of them. | :51:55. | :51:58. | |
Hilary Clinton first came to the world's attention | :51:59. | :52:00. | |
She is seen as the Democrat's front runner and was President Obama's | :52:01. | :52:04. | |
in the New Hampshire primary shows, not least is Bernie Sanders | :52:05. | :52:14. | |
a self-defined democratic socialist and has been in Congress for more | :52:15. | :52:17. | |
So, these are the runners and riders on the Republican side. Let me come | :52:18. | :52:36. | |
to you first, Larry Sanders. New Hampshire is overwhelmingly white. | :52:37. | :52:42. | |
He did very well amongst the white liberals. The race now moves to | :52:43. | :52:47. | |
Carolina. He does not do so well among Hispanics or black voters - | :52:48. | :52:52. | |
why is that? Hello. I don't know and I'm not sure it will be true. That | :52:53. | :52:57. | |
is the reason for the campaign. He does not just do well among white | :52:58. | :53:01. | |
liberals. That I think it is very important, and the experts seem to | :53:02. | :53:06. | |
have missed it, what Bernard is doing, for the first time for a | :53:07. | :53:10. | |
left-wing politician in America for a long time, he is reaching to the | :53:11. | :53:15. | |
lower paid people, the people who have been called moderates. But I | :53:16. | :53:19. | |
think they are not moderates, they want a decent way of life. And the | :53:20. | :53:23. | |
way this economy has been stacked, they have not been getting at. So I | :53:24. | :53:26. | |
think something very new is happening. Well, that makes Nevada, | :53:27. | :53:33. | |
where there are lots of low paid Hispanic voters, and South Carolina, | :53:34. | :53:36. | |
where there are lots of low paid black voters, that makes it a real | :53:37. | :53:40. | |
test for him. He needs to get their votes to be the man who will carry | :53:41. | :53:44. | |
the Democratic nomination? Well, of course they are both very important | :53:45. | :53:49. | |
states. This nomination process I think will go on for a long time. | :53:50. | :53:53. | |
They are not the beginning and end of all things but they are very | :53:54. | :53:58. | |
important. What is worrying is that the Clinton camp now is trying to | :53:59. | :54:08. | |
suggest that Bernard is not really concerned with black voters. It is | :54:09. | :54:13. | |
not true. He cut his teeth as a very young man in the civil rights | :54:14. | :54:18. | |
movement. He played an important role, not a major role, but an | :54:19. | :54:24. | |
important role in Chicago, in desegregating the university housing | :54:25. | :54:27. | |
stock. His whole career is based on support for people who need more, | :54:28. | :54:31. | |
and in many areas, black people fit that bill. So if they succeed in | :54:32. | :54:37. | |
splitting that, the white working class off from the black working | :54:38. | :54:40. | |
class, there are bad times ahead. Stay with us. I want to bring in Jan | :54:41. | :54:47. | |
Halper now on the Republican side. Wasn't New Hampshire just about the | :54:48. | :54:50. | |
worst possible result for the Republican establishment? The one | :54:51. | :54:54. | |
they want to stop, Mr Trump, won by a large margin. Their favourite son, | :54:55. | :55:00. | |
Marco Rubio, came up poor fifth. And there are still about five or six | :55:01. | :55:04. | |
candidates in the race, which means that the anti-Trump forces still | :55:05. | :55:08. | |
cannot coalesce around a single candidate? Not at all. And you're | :55:09. | :55:12. | |
not going to see that. Because right now, they have nothing to lose and | :55:13. | :55:16. | |
they're going to stay in the race through Super-G was day. That is | :55:17. | :55:21. | |
what I mean, that is not what the party wanted? It is not, and Bush | :55:22. | :55:29. | |
has his brother campaigning with him in South Carolina, and I'm not sure | :55:30. | :55:33. | |
that is a good thing. Because the contrast of how folksy George is, | :55:34. | :55:40. | |
versus Jeb... Low-energy, Mr Trump has called him. Exactly. But Mr Bush | :55:41. | :55:46. | |
is well-organised in South Carolina. Ted Cruz is the most organised | :55:47. | :55:52. | |
throughout the South. Mr Trump did not win in Iowa, was not really | :55:53. | :55:57. | |
expecting to. He won the time in New Hampshire. What has he got to do in | :55:58. | :56:00. | |
South Carolina to remain the front runner? As he said in his acceptance | :56:01. | :56:05. | |
speech in new doctor, he has finally understood the ground game. And so | :56:06. | :56:10. | |
he has hired some of the best people to extend the ground game. He | :56:11. | :56:16. | |
realises it is not just these rallies of 10-15,000 people. And so | :56:17. | :56:20. | |
he is starting to balance traditional ways with | :56:21. | :56:28. | |
nontraditional. Mr Sanders, is your brother now thinking, I really could | :56:29. | :56:32. | |
be the Democratic nominee? Yes, I am sure he is. And not only that he can | :56:33. | :56:38. | |
be the Democratic nominee, that will be the hard part, but that he will | :56:39. | :56:42. | |
be the president. He must be aware that if that was to happen, almost | :56:43. | :56:46. | |
none of the things he wants to do could ever get through Congress? | :56:47. | :56:51. | |
Well, his view is that you do not win by giving up - first. First you | :56:52. | :56:57. | |
go and fight. And he will be a very formidable opponent. He is working | :56:58. | :57:05. | |
in a real situation. We have had 40 years in which the wealth and income | :57:06. | :57:08. | |
of the country has been flowing from the bulk of the population to the | :57:09. | :57:12. | |
very rich. There are millions of millions of people who know that. | :57:13. | :57:15. | |
That is where he is strong. Thank you for that. And Donald Trump has | :57:16. | :57:21. | |
gone from being almost like, oh, he will burn out by the autumn of 2015, | :57:22. | :57:27. | |
to, now, the Republican candidate who is the one to beat, the | :57:28. | :57:31. | |
favourite - will he get the nomination, in your view? The issue | :57:32. | :57:39. | |
is, our super delegates. And 168 of them are part of the Republican | :57:40. | :57:43. | |
National Committee. Which is more the establishment. Exactly. But I | :57:44. | :57:47. | |
was at the Charleston debate, and we had the committee meet, and every | :57:48. | :57:53. | |
night people were going around the table, if you had to vote today, who | :57:54. | :57:56. | |
would you vote for? And they said Trump. Well, we will see. It is | :57:57. | :58:02. | |
certainly the strangest American race I have ever covered, which also | :58:03. | :58:06. | |
makes it the most interesting, certainly since the days of the | :58:07. | :58:09. | |
Vietnam War. Thank you both for joining us. Is trump going to get | :58:10. | :58:14. | |
the nomination? Yes, definitely, it is going to be great. Clinton must | :58:15. | :58:20. | |
still be favourite but Sanders is doing well? I would still put big | :58:21. | :58:26. | |
money on Hillary Clinton, however. Can you remember what Tim Farron | :58:27. | :58:32. | |
called to be legalised? It is the quiz question. It is easy... Well, | :58:33. | :58:37. | |
he was following our cover this week in saying that cannabis should be | :58:38. | :58:41. | |
legalised, and here is how to do it. Yes. Thanks to all of my guests. I | :58:42. | :58:48. | |
will be back on Sunday with The Sunday Politics on BBC One at 11 | :58:49. | :58:52. | |
o'clock. I will be speaking to Matt Hancock. We will be testing how many | :58:53. | :58:56. | |
promises the Tories have kept so far, and how many they have broken. | :58:57. | :58:58. | |
BBC One, Sunday morning. As Ireland head to France | :58:59. | :59:07. | |
in search of a first victory, As Ireland head to France | :59:08. | :59:09. | |
in search of a first victory, can Wales use home advantage | :59:10. | :59:15. | |
to beat a deflated Scotland? And jubilant England enter | :59:16. | :59:19. | |
the Stadio Olimpico | :59:20. | :59:22. |