Browse content similar to 14/05/2016. Check below for episodes and series from the same categories and more!
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Welcome to Dateline London. International Monetary Fund suggests | :00:31. | :00:40. | |
that it could be bad for the UK to exit the European Union. Corruption | :00:41. | :00:44. | |
is also a big prop on for Africa and the developing countries, but how | :00:45. | :00:52. | |
big a problem for us? IM joined by -- I am joined by several guests | :00:53. | :00:59. | |
this morning. The governor of the Bank of England, | :01:00. | :01:04. | |
Mark Carney, pointed out that the biggest political decision in the | :01:05. | :01:07. | |
ways of most British people, voting to leave the European Union, put | :01:08. | :01:14. | |
provoke a technical recession. The IMF has also suggested that things | :01:15. | :01:18. | |
could get rough. With so many heavyweights against Britain leaving | :01:19. | :01:24. | |
the EU, why are the opinion polls so close? Mark Carney is a serious | :01:25. | :01:32. | |
person making a serious point, and he has been ready chilled by some | :01:33. | :01:35. | |
people. The operative word was "could". A technical recession, | :01:36. | :01:43. | |
whatever that is. It sounds like they are talking to six-year-olds. | :01:44. | :01:48. | |
This is precisely the point. The more big battalions that are brought | :01:49. | :02:00. | |
into argue in apocalyptic terms, the more people suspect this is a stitch | :02:01. | :02:05. | |
up. People are not believing, even if these arguments are credible and | :02:06. | :02:10. | |
sound, there are very few empirical facts because you're prophesying | :02:11. | :02:13. | |
about the future, which is always a dodgy thing to do, especially when | :02:14. | :02:19. | |
you are an economist. You get it right so often! People are thinking, | :02:20. | :02:25. | |
why are these people trying to bully me, frighten me, threaten me? The | :02:26. | :02:31. | |
British population, in my experience, is the most resilient | :02:32. | :02:33. | |
population in the world when it comes to being bullied and | :02:34. | :02:38. | |
threatened. They do not like it. But Mark Carney, if he did not see | :02:39. | :02:41. | |
something which he believes in about this, and it goes terribly wrong, it | :02:42. | :02:46. | |
is very difficult to say that the biggest decision in our lifetime, to | :02:47. | :02:52. | |
get out of the EU, would result in everything being hunky-dory. I did | :02:53. | :02:58. | |
not say that he should not have said it. Your question was about public | :02:59. | :03:05. | |
opinion. It is all right for him to have said it, it is a question of | :03:06. | :03:10. | |
how you take it. The uncertainty, the risk is what all of these big | :03:11. | :03:13. | |
battalions who are coming into this fight are talking about. There are | :03:14. | :03:18. | |
uncertainties and risks about staying in. This is a train heading | :03:19. | :03:24. | |
very fast in a direction that most people, or many people in this | :03:25. | :03:27. | |
country, do not like. The question is, how much risk is there? How much | :03:28. | :03:36. | |
risk is there in staying in? There is risk in either option, because | :03:37. | :03:43. | |
the EU is changing as well. Look at foreign investment, growth, they are | :03:44. | :03:51. | |
stalling. Why? Not because the British people does not believe that | :03:52. | :04:02. | |
it will be unknown quantities and the economy does not like unknown | :04:03. | :04:05. | |
and it is better to continue with the economic situation that we have. | :04:06. | :04:13. | |
I think, basically, they have lost the economic argument, the | :04:14. | :04:22. | |
Brexiters. Their one argument they are strong on his immigration. The | :04:23. | :04:29. | |
economy, it is quite clear, it will be MS and renegotiation of lots of | :04:30. | :04:43. | |
things. -- it will be a mess. Confidence and trust is not here. | :04:44. | :04:48. | |
The Prime Minister clearly is thinking along the same lines as | :04:49. | :04:54. | |
Mark Carney, because he again has been talking about problems with | :04:55. | :04:59. | |
exports to the European Union if we were to pull out, that there would | :05:00. | :05:05. | |
be tariff barriers. He needs to learn a few lessons about British | :05:06. | :05:09. | |
society. I am an outsider, but I have some friends who are British | :05:10. | :05:15. | |
and we were discussing it. Someone said, I would really like to stay | :05:16. | :05:21. | |
in, but these things are attempts to bilious. You believe with the | :05:22. | :05:32. | |
psychology? What concerns me is their attempts to shut down this guy | :05:33. | :05:37. | |
who is trying to say anything. I am such a fanatical believer in freedom | :05:38. | :05:41. | |
of expression is that the right thing is to believe anyone who's | :05:42. | :05:48. | |
anyone, the Governor of the Bank of England or so on, let them see | :05:49. | :05:51. | |
exactly what they wanted you are what will happen and then lets | :05:52. | :05:58. | |
people judge. The only problem with what is happening with this debate, | :05:59. | :06:04. | |
and the fear factor, you introduce fear, people who are sensible and | :06:05. | :06:09. | |
who now that you're scaremongering will vote the other way. Some | :06:10. | :06:13. | |
believe there is scaremongering on both sides. If we stay in the EU it | :06:14. | :06:28. | |
will be a disaster. When we look at the IMF and Mark Carney and all of | :06:29. | :06:31. | |
those who have been warning about the disastrous consequences of | :06:32. | :06:34. | |
Brexit, I am reminded of the idea that these | :06:35. | :06:55. | |
people are not seeing anything other than what you expect they would say. | :06:56. | :07:00. | |
Maybe they believe it, perhaps they do not believe it with quite the | :07:01. | :07:06. | |
intensity with which the express it. One of the summaries which was made | :07:07. | :07:16. | |
by Nigel Lawson, asserting clarity has emerged from it, it is not clear | :07:17. | :07:25. | |
from the economic outcome, and he is a Brexit man, we have to concede | :07:26. | :07:29. | |
that it is not clear what the economic impact will be. There may | :07:30. | :07:33. | |
be, at least in the shorter medium adverse effects. The real issue here | :07:34. | :07:43. | |
for Brexiters is not economic, it is political. Do you want to be a | :07:44. | :07:48. | |
self-governing country? Every time we have seen the arguments made in | :07:49. | :07:52. | |
front of an audience, that draws the biggest cheer. What will be the role | :07:53. | :08:00. | |
for Britain on its own? Back of the queue, back of the line. He was | :08:01. | :08:11. | |
translating for the English! This is a terribly important point about, he | :08:12. | :08:23. | |
would say that, wouldn't they? The big government fanatics, European | :08:24. | :08:27. | |
unionists, they are in some kind of oligarchic relationship with | :08:28. | :08:35. | |
ordinary people. What has happened to democratic accountability? The | :08:36. | :08:37. | |
European Union is effectively run by its commission, who are an elected | :08:38. | :08:42. | |
officials. There is a sense that you're not only losing | :08:43. | :08:46. | |
self-government, but Democratic accountability. This is the real | :08:47. | :08:52. | |
threat, the real risk of remaining. The parliament is elected. The | :08:53. | :09:00. | |
commissioners are chosen by the government who are elected. They are | :09:01. | :09:07. | |
chosen, appointed officials. By the government, who are elected. And the | :09:08. | :09:16. | |
commission creates legislation. If you're asked me what side, I am born | :09:17. | :09:22. | |
in England and everything, I would see perhaps that I wanted to remain | :09:23. | :09:28. | |
in. This thing of Brexit scares me I would say, right now, because, as an | :09:29. | :09:33. | |
immigrant in this country, one of the biggest points is that we want | :09:34. | :09:37. | |
to get out so we can control immigration and all of these types | :09:38. | :09:43. | |
of things. But Europe has a huge problem with immigration. So does | :09:44. | :09:49. | |
the whole world. It is reaching terrifying proportions. The | :09:50. | :09:54. | |
migration crisis, which should have been a temporary crisis, has become | :09:55. | :10:03. | |
a permanent tragedy... You are pinpointing a problem which does not | :10:04. | :10:11. | |
exist in Britain. I am talking about the incompetence of the European | :10:12. | :10:15. | |
Union. If it exists for anything it is to solve, or deal with, problems | :10:16. | :10:23. | |
like the migration crisis. If the United States incompetent? It has | :10:24. | :10:28. | |
been fundamentally unable... That has nothing to do with the EU. It | :10:29. | :10:31. | |
cannot deal with its immigration problem. But the US is exactly the | :10:32. | :10:38. | |
model that the US heading for. This federal Europe. The United States of | :10:39. | :10:48. | |
Europe. Europeans around Europe, do you think that you have a problem | :10:49. | :10:53. | |
with migration? That is alive. In Uganda we have a problem, of | :10:54. | :11:03. | |
refugees. Kenya has many. If I take you to history, who has settled in | :11:04. | :11:09. | |
all of these places? Europeans. So it was very good for you to migrate. | :11:10. | :11:20. | |
They do not want us to come here? Most of my 45 years in journalism, I | :11:21. | :11:25. | |
have travelled and lived in distant parts of the world, I reproach | :11:26. | :11:28. | |
myself and most of my colleagues for not having realised that this divide | :11:29. | :11:35. | |
between the rich world and the poor world, there haves and the have | :11:36. | :11:44. | |
nots, could not be sustained. The millions of have nots, who have | :11:45. | :11:50. | |
satellite television or more Bell telephones, they now know how the | :11:51. | :11:55. | |
rich live, and they are no longer willing to have more generations... | :11:56. | :12:05. | |
They want to go to Britain, and Britain does not let them in. It is | :12:06. | :12:13. | |
a question of whether you have a policy, a political union which is | :12:14. | :12:17. | |
capable of dealing humanely and justly with that kind of problem. | :12:18. | :12:20. | |
The thing that has been so scandalous of the EU's handling of | :12:21. | :12:25. | |
migration is that they have made a total mess of it and created a | :12:26. | :12:30. | |
prolonged, global tragedy. Why is Britain not taking any of them? That | :12:31. | :12:37. | |
is the point I am making. I am talking about the effectiveness of | :12:38. | :12:39. | |
the European Union as a political union. We talk about Brexiters, and | :12:40. | :12:48. | |
immigration is at the centre of the Brexiters. What they do not realise | :12:49. | :12:51. | |
is that Britain has not taken any immigrants. You very accurately put | :12:52. | :12:59. | |
your finger on something of the British people's psychology, which | :13:00. | :13:03. | |
is that we do not like to be lead and told what to do, -- bullied. Can | :13:04. | :13:13. | |
I ask you something else, if the British people do not understand the | :13:14. | :13:17. | |
facts, and we do not quite know which are the facts, and we look at | :13:18. | :13:22. | |
who should we trust in readership, on the one side we have foreign | :13:23. | :13:29. | |
leaders who have Britain's best interestWomack at heart, Barack | :13:30. | :13:37. | |
Obama, on the other side there is Vladimir Putin, married Le Pen, | :13:38. | :13:41. | |
George Galloway... Hang on, you do not have to equate the Brexit | :13:42. | :13:50. | |
campaign with the most disreputable people in the campaign. Michael | :13:51. | :13:54. | |
Gove, Nigel Lawson. Foreign leaders? They should not get all weekend. | :13:55. | :14:05. | |
This is a question for the British. The reason that European leaders | :14:06. | :14:09. | |
specifically cannot be trusted on this is because the Europeans are | :14:10. | :14:12. | |
terrified that if there is a Brexit it will create a domino effect and | :14:13. | :14:17. | |
that other countries, which as you know have tremendously and -- have | :14:18. | :14:27. | |
tremendously Euro-sceptic movements, that these movements. To demand | :14:28. | :14:34. | |
their own exit strategy. That is a fair point. But that means it is so | :14:35. | :14:39. | |
important that Britain stays on. That we avoid Europe becoming part | :14:40. | :14:50. | |
of the extreme right-wing. You are exacerbating that kind of far right | :14:51. | :14:57. | |
nationalism by enforcing best. Look at Ukip in this country and Brexit. | :14:58. | :15:08. | |
The intensity of this debate, it strikes me that perhaps everyone is | :15:09. | :15:11. | |
missing the point. They talk about Europe as if it is static. It is | :15:12. | :15:16. | |
not, it is highly dynamic. There are forces at work in all of the major | :15:17. | :15:22. | |
Western European countries which are heading for a kind of Brexit of | :15:23. | :15:26. | |
their own. We do not know how strong those forces will be a couple of | :15:27. | :15:32. | |
years from now. It might be that the people who wish for a deeply | :15:33. | :15:38. | |
reformed Europe will be pushing on an open door. That is if Brexit does | :15:39. | :15:45. | |
not win, and I do not think that it well. I think we will see a repeat | :15:46. | :15:55. | |
of the previous referendum. They did not take the opportunity to reform | :15:56. | :16:01. | |
when Cameron went to re-negotiate. He presented them with a mild, | :16:02. | :16:05. | |
lukewarm reform agenda and the effectively sent him away with | :16:06. | :16:10. | |
almost nothing. The consequence is that you have to assume that the EU | :16:11. | :16:16. | |
is unreformable and the ways that matter. It will not back down on it | :16:17. | :16:28. | |
ideological commitment to oligarchy. I am struck by the same is Hollywood | :16:29. | :16:33. | |
screenwriter who said, nobody knows anything. | :16:34. | :16:39. | |
Afghanistan and Nigeria are two very corrupt countries, according to the | :16:40. | :16:44. | |
British Prime Minister. And at just about anybody who has had to deal | :16:45. | :16:50. | |
with those nations. How much of a difference will the conference me? | :16:51. | :16:54. | |
Shall we talk about Africa first? I was very struck by what the Nigerian | :16:55. | :16:57. | |
president said, because it chimed with what I had heard at eight | :16:58. | :17:05. | |
conferences. It is not the money going into Africa we should worry | :17:06. | :17:09. | |
about, it is the money coming out and going into Britain. Is that what | :17:10. | :17:16. | |
you think? That is half the story in terms of British responsibility. The | :17:17. | :17:21. | |
other guys, who helped bring some of these people the power. In Uganda, | :17:22. | :17:31. | |
for a to become president, but Asian intelligence -- British intelligence | :17:32. | :17:41. | |
put him there. How corrupt is that government that they have helped to | :17:42. | :17:49. | |
put in place? In Uganda, the President's wafer is one of the most | :17:50. | :17:55. | |
powerful ministers and government. His son is the commander of special | :17:56. | :18:01. | |
forces. His brother is a general, he is corrupt to the rot. And then they | :18:02. | :18:09. | |
use the same special forces to oppress and kill our people. In the | :18:10. | :18:15. | |
name of what? Stability? In the name of keeping their loot 's. That is | :18:16. | :18:22. | |
why I said it was half of the story. He is right to show some | :18:23. | :18:27. | |
responsibility. But he is the Minister of oil. He is the Minister | :18:28. | :18:32. | |
of Finance and Nigeria, he is the president. Why? Because when he came | :18:33. | :18:37. | |
to power he was doing great work to stop corruption. He could not trust | :18:38. | :18:41. | |
anybody in Nigeria to take those additions. They would steal the | :18:42. | :18:50. | |
money. It shows how deeply entrenched corruption errors. As a | :18:51. | :18:58. | |
Ugandan, what concerns me more is those who are stealing the money. If | :18:59. | :19:08. | |
the president stops the money being looted, by Nigerian people, there | :19:09. | :19:11. | |
will be nothing for the British to keep in their banks. This is much | :19:12. | :19:17. | |
wider than Africa. I spoke to somebody who monitors the situation | :19:18. | :19:20. | |
very carefully and pointed out that quite rich countries like Russia and | :19:21. | :19:26. | |
China have really, really serious problems with corruption and we | :19:27. | :19:30. | |
tolerate it. If you want to get rid of corruption, you have to get rid | :19:31. | :19:35. | |
of tax havens. The conduit of all that money that is taken from | :19:36. | :19:40. | |
Africa, but also Russia, etc, goes through tax havens. That ridiculous | :19:41. | :19:45. | |
conference in London, knowing the role of the city in corruption, it | :19:46. | :19:58. | |
is hypocritical. There is a tax haven in many places for each | :19:59. | :20:10. | |
country. You want to get rid of corruption? You want to get rid of | :20:11. | :20:13. | |
tax havens, because they are parasites. I have a bit of a problem | :20:14. | :20:20. | |
with the kind of surveillance that would be necessary to get rid of | :20:21. | :20:25. | |
every conceivable money-laundering and tax scheme. Effectively you have | :20:26. | :20:29. | |
a global police force which has access to all the financial | :20:30. | :20:32. | |
information about every individual. Because that is how it has to be. | :20:33. | :20:38. | |
The political answer is, rather than that technical financial pursuit and | :20:39. | :20:41. | |
police state kind of pursuit, the political answer, we really know how | :20:42. | :20:47. | |
to cure mass corruption. Democratically accountable | :20:48. | :20:51. | |
government and free-market economics. That creates corruption. | :20:52. | :21:00. | |
I agree with democratically government. Nationalised monopoly | :21:01. | :21:07. | |
industries, the old Soviet Union, the perfect model of systemic | :21:08. | :21:11. | |
corruption. If you get rid of those and if you do not prop up | :21:12. | :21:14. | |
governments of that kind, with misguided aid, pour money into | :21:15. | :21:21. | |
corrupt governments and maintain the talent here and, corrupt | :21:22. | :21:25. | |
governments, you're halfway there. One of the interesting aspect of the | :21:26. | :21:30. | |
debate touched on aid, with David Cameron saying, in effect, we cannot | :21:31. | :21:35. | |
use aid as a lever on this. Last time I looked, foreign aid to Africa | :21:36. | :21:44. | |
since the colonialisation ran to the best part of $1 trillion. Anybody | :21:45. | :21:50. | |
who has travelled in Africa knows how little Africa has to show for | :21:51. | :21:55. | |
that. I would say that we should concentrate on doing what we can. | :21:56. | :22:00. | |
Janet is right, we're probably not prepared to take these police state | :22:01. | :22:04. | |
tactics that are necessary to prepare discover who the beneficial | :22:05. | :22:09. | |
owners of the property is. But we can do something about aid. We can | :22:10. | :22:17. | |
not continue to pour money into projects they should be funding | :22:18. | :22:21. | |
themselves. But you're leaving the problem here. The idea is right | :22:22. | :22:27. | |
here. Democratically accountable governments. Those are the | :22:28. | :22:31. | |
governments. The acceptance of those governments, who are totally | :22:32. | :22:38. | |
corrupt, let me give you an example, in this country, in Britain, there | :22:39. | :22:43. | |
is a lot of corruption, people stealing money in certain ways, | :22:44. | :22:48. | |
giving themselves contracts, but can you imagine David Cameron going to | :22:49. | :22:53. | |
the Ministry for health in broad daylight and steals ?2 million. He | :22:54. | :23:03. | |
would be sent to prison. But David Cameron, Barack Obama, all of these | :23:04. | :23:07. | |
leaders, know very well which countries... For example, Uganda | :23:08. | :23:16. | |
itself, the money that came for aid, the ministers stall it. There is not | :23:17. | :23:28. | |
a single project... Ministers steal it, it becomes a scandal. This money | :23:29. | :23:40. | |
goes in the city and in Wall Street. Part of the money comes here, but a | :23:41. | :23:41. | |
lot remained at home. The cost is destroying personal | :23:42. | :23:56. | |
privacy. That is a serious sacrifice. The idea that every | :23:57. | :24:02. | |
single person is guilty without due process, there is no assumption of | :24:03. | :24:08. | |
innocence, the invasion of privacy. But these should be pursued, it is | :24:09. | :24:13. | |
immoral. Of course it is, but how do you distinguish the tax evaders? We | :24:14. | :24:22. | |
do it with large deposits. If you turn up with more than ?10,000, | :24:23. | :24:28. | |
people ask questions. You can do it in terms of skill. The only | :24:29. | :24:35. | |
practical way for this to work would be if the 200 members of the native | :24:36. | :24:43. | |
nations had universal agreement on the measures which needed to be | :24:44. | :24:53. | |
taken. That is light years away. If the money was denied to the Chelsea | :24:54. | :24:57. | |
football club are to the banks and the traders in the city, where would | :24:58. | :25:02. | |
it go? They would find somewhere else to put it. Money inboxes. How | :25:03. | :25:12. | |
do you allow these people to bring billions, hundreds of millions? | :25:13. | :25:20. | |
Baroness Scotland, she said that the 53 countries of the Commonwealth | :25:21. | :25:23. | |
could reach an agreement on this. It might not be the 200 countries of | :25:24. | :25:27. | |
the world, but that could be a big start. But do you know why they | :25:28. | :25:37. | |
cannot? All of these looters in Africa, who are not part of the | :25:38. | :25:40. | |
Commonwealth, they will not allow that to take place. There are now | :25:41. | :25:49. | |
two presidents in our country. But one of them talked very badly and | :25:50. | :26:02. | |
abused the ICC, and the Americans, the Canadians walked out of the | :26:03. | :26:07. | |
ceremony to inaugurate him. The problem is, those leaders in Africa | :26:08. | :26:13. | |
will not... So you need to help us overthrow them, help us make sure | :26:14. | :26:20. | |
that we have democracy. It useless organisation! | :26:21. | :26:27. | |
You would say that! We are back next week at the same time. | :26:28. | :26:39. | |
Please make a date with Dateline. Goodbye. | :26:40. | :26:57. | |
Good morning. I will take you back to last weekend, when we had a | :26:58. | :27:02. | |
summer. We | :27:03. | :27:03. |