Browse content similar to 09/01/2012. Check below for episodes and series from the same categories and more!
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Tonight, the State of the Union. Will the question and timing of | :00:10. | :00:14. | |
Scotland's vote on independence be decide, not in Edinburgh, but | :00:14. | :00:18. | |
London. As the coalition tries to assert its authority over Salmondle | :00:18. | :00:24. | |
in the opening salvos over a -- Alex Salmond in the opening salvos | :00:24. | :00:28. | |
over the United Kingdom. We hear from our guests. | :00:28. | :00:33. | |
Also tonight. Drop in and see us some time. Do that. | :00:33. | :00:38. | |
The end of the American dream, as Republicans try to find someone to | :00:38. | :00:41. | |
challenge Barack Obama, we report on how middle and lower income | :00:41. | :00:45. | |
Americans just can't move up to better times. I don't think we have | :00:45. | :00:50. | |
gotten a raise, cost of living went away for a while, this is still | :00:50. | :00:59. | |
away. About eight years we have been about the same wage. We will | :00:59. | :01:02. | |
ponder that with two former White House insiders. | :01:02. | :01:05. | |
Is the Deputy Prime Minister sucking up to Europe, by suggesting | :01:05. | :01:09. | |
that the treaty opposed by Britain will one day be agreed by all. | :01:09. | :01:15. | |
believe that it should, over time, be folded into the existing EU | :01:15. | :01:24. | |
treaties. Good evening, there was a time way | :01:24. | :01:32. | |
back in the 1950s, within the Conservative Party had a majority | :01:32. | :01:37. | |
in Scotland. Since the days of Margaret Thatcher, Tories across | :01:37. | :01:41. | |
the border have been cherished for their rarity. David Cameron's | :01:41. | :01:44. | |
attempt to point out any referendum on the independence of Scotland, | :01:44. | :01:49. | |
requires the UK parliament to play a central role, may be legally | :01:49. | :01:55. | |
correct, but it is politically fraught. Judging by the reaction of | :01:55. | :01:58. | |
the Scottish National Party leadership, the precise timing of | :01:58. | :02:03. | |
the referendum will be a political hot potato for years ahead. Here is | :02:03. | :02:09. | |
David Grossman on the state the union. | :02:09. | :02:14. | |
It was the persistence of a spider, we are told, that convinced Robert | :02:14. | :02:17. | |
the Bruce, to ignore his repeated defeats and continue his fight | :02:17. | :02:23. | |
against English rule. His reward, a famous Scottish victory at | :02:23. | :02:28. | |
Bannockburn. Around the 700th anniversary of Bannockburn, in 2014, | :02:28. | :02:33. | |
is, we are told,le Alex Salmond's preferred date for a referendum on | :02:33. | :02:37. | |
Scottish independence. Why not straight away? Well, critics of the | :02:37. | :02:41. | |
SNP would suggest it is a political move. Mr Salmond needs time to | :02:41. | :02:45. | |
shift the debate his way. The real issue here is that Alex | :02:45. | :02:50. | |
Salmond doesn't want to fight this referendum now. He's hoping that if | :02:50. | :02:54. | |
he strings things out long enough, then he can get people to accept | :02:54. | :03:00. | |
his argument. I think it is far better to decide this issue once | :03:00. | :03:04. | |
and for all, decide if we are staying in the UK or not, and | :03:04. | :03:07. | |
decide the future. David Cameron has a Scottish name and Scottish | :03:07. | :03:12. | |
heritage. The motto of the clan Cameron translates as "let us | :03:12. | :03:17. | |
unite", the union, it seems, is in his blood. So he's not about to let | :03:17. | :03:21. | |
Alex Salmond, who, whilst we are on the subject, has less prestigious | :03:21. | :03:26. | |
her at this stage, dictate the timing or form of any referendum.S | :03:26. | :03:30. | |
Had very damaging for Scotland. All the time business is asking, -- | :03:30. | :03:34. | |
this is very damaging for Scotland. All the time business is asking, is | :03:34. | :03:39. | |
Scotland going to be part of the UK, should I invest, companies are | :03:39. | :03:41. | |
asking those questions. It is rational to put to the Scottish | :03:41. | :03:45. | |
people, would it be better to have a for fair and decisive question | :03:45. | :03:50. | |
put earlier. We will not dictate this. Scottish devolution, in 1999, | :03:50. | :03:53. | |
where a new Scottish Parliament took over much, but not all of the | :03:53. | :03:57. | |
Government of Scotland, was supposeded to kill off any appetite | :03:57. | :04:02. | |
for independence forever, and with it the SNP. But something very | :04:02. | :04:06. | |
strange happened, something that the Labour architects of devolution | :04:06. | :04:11. | |
never predicted, the SNP became even more popular. I heard a | :04:11. | :04:19. | |
rumour! I think we won the election. So popular that they won an | :04:19. | :04:22. | |
outright majority in the Scottish Parliament elections last year, | :04:22. | :04:26. | |
eventhough the election rules were specifically designed to avoid any | :04:26. | :04:29. | |
party getting a majority. What Salmond has done is play a | :04:29. | :04:33. | |
long game. He has been a gradualist about this, he always told his | :04:33. | :04:36. | |
party if they were patient, if they played along with the Scottish | :04:36. | :04:40. | |
Parliament, if they stood for seats in it, eventually, eventually, they | :04:40. | :04:44. | |
would find a gap in the unionists armoury and win the majority and | :04:44. | :04:48. | |
stand on the verge of getting independence for Scotland. By | :04:48. | :04:52. | |
playing that long game, it has worked for Alex Salmond. David | :04:52. | :04:56. | |
Cameron knows he will be portrayed as an English meddleler in Scottish | :04:56. | :05:00. | |
affairs, and may even drive more Scottish voters towards | :05:00. | :05:04. | |
independence, however, he feels he has few options, particularly if he | :05:04. | :05:09. | |
wants to help frame this debate. Alex Salmond wants to have a third | :05:09. | :05:15. | |
option on any referendum ballotp paper. Called devolution max. | :05:15. | :05:17. | |
However, David Cameron is determined it should be a straight | :05:17. | :05:22. | |
choice between in the union or out. And that, rather than the timing of | :05:22. | :05:25. | |
this referendum, is the real battleground here. | :05:25. | :05:31. | |
The third option, devo max, or independence light, as it is called, | :05:32. | :05:35. | |
is an attempt by Alex Salmond to give himself a fallback position. | :05:35. | :05:38. | |
If he fails on the independence position, and all the opinion polls | :05:38. | :05:42. | |
suggest it is unlikely he would win an immediate referendum on | :05:43. | :05:47. | |
independence, he has the third way. He can appoint greater powers | :05:47. | :05:50. | |
accrued to the parliament in Scotland and say it is a further | :05:50. | :05:54. | |
step along the way to full scale independence. How clear is the | :05:54. | :05:58. | |
constitutional law? Although the Scottish Government can hold an | :05:58. | :06:02. | |
advisory referendum on pretty much anything it wants, it doesn't have | :06:02. | :06:06. | |
the constitutional power to hold a binding one. Here the Westminster | :06:06. | :06:08. | |
parliament is the only power in the land. | :06:08. | :06:11. | |
Tomorrow, the UK Government will offer to lend the Scottish | :06:11. | :06:15. | |
Parliament that power, for a limited period, if its conditions | :06:15. | :06:18. | |
are met. The Scottish Government, I think, | :06:18. | :06:24. | |
will, largely ignore this proposal. They won't entirely ignore it, it | :06:24. | :06:27. | |
is useful for them to suggest this is an example of wanton | :06:27. | :06:31. | |
interference. They don't have to act on this. I can't see why they | :06:31. | :06:36. | |
would be attracted to it. This proposal would limit the choices, | :06:36. | :06:38. | |
they are keen to have more powers, something between independence and | :06:38. | :06:44. | |
the status quo, on the ballot paper. They are keen the referendum should | :06:44. | :06:47. | |
be held at the end of the term of the Scottish Parliament, not sooner. | :06:47. | :06:50. | |
There is nothing in this proposal attractive to the Scottish | :06:50. | :06:55. | |
Government that I could see. If you look at the fuss caused by David | :06:55. | :06:58. | |
Cameron's announcedment yesterday. It has nothing to do with the | :06:58. | :07:02. | |
merits of independence, or the merits of staying in the UK, it has | :07:02. | :07:05. | |
everything to do with the fact that we are not going to be allowed to | :07:05. | :07:09. | |
have a referendum if Alex Salmond has his way, until the time had his | :07:09. | :07:13. | |
choosing, not Scotland's choosing, when he decides it is best for him. | :07:13. | :07:17. | |
That, I think, most people would find difficult to accept. Try and | :07:17. | :07:21. | |
try again, may have been the spider's lesson, but Alex Salmond | :07:21. | :07:24. | |
knows has probably only one shot at independence. If he gets wrong, | :07:24. | :07:29. | |
well, chances are, he won't get another spin. | :07:29. | :07:36. | |
Just before we came on air I talk to Scotland's Deputy First Minister, | :07:36. | :07:38. | |
Nicola Sturgeon. Deputy First Minister, do you accept that the | :07:38. | :07:43. | |
legal position is, that under the 199 Scotland act, it it is the UK | :07:43. | :07:46. | |
parliament that has the power to decide the details of a | :07:46. | :07:48. | |
constitutional referendum, this is not interference, it is just the | :07:48. | :07:52. | |
way the law is? There is no doubt about the ability of the Scottish | :07:52. | :07:57. | |
Parliament to hold a consultative and advisory referendum. That's | :07:57. | :07:59. | |
what the Scottish Government has proposed to do. We fought the | :07:59. | :08:04. | |
election on a very clear plan of to have that kind of referendum in the | :08:04. | :08:09. | |
second half of this parliament. And I think it is unfortunate that the | :08:09. | :08:13. | |
Westminster Government has sought to interfere in that today. | :08:13. | :08:17. | |
understand that tomorrow the Scottish Secretary, Michael Moore | :08:17. | :08:20. | |
will say, anything you would arrange would be advisory, as you | :08:20. | :08:25. | |
accept, it would be open to legal challenge, the powers with | :08:25. | :08:29. | |
Westminster. To help you out, he will temporarily transfer the power | :08:29. | :08:32. | |
to the Scottish Parliament, provideded any referendum is fair, | :08:32. | :08:37. | |
decisive and clear, a simple once and for all yes, no, vote on ifpdz, | :08:37. | :08:40. | |
and not a second vote on greater powers of devolution. I don't | :08:40. | :08:45. | |
accept the basis of that parliament. What I will say is this, if the UK | :08:45. | :08:47. | |
Government believes that could be the legal position, had let them | :08:48. | :08:52. | |
transfer that power, but let them do it without seeking to attach | :08:52. | :08:56. | |
conditions. Because it is the attempt to attach conditions that I | :08:56. | :09:00. | |
think is some what giving the game away today. They are trying to | :09:00. | :09:02. | |
interfere and wrest control of the referendum from the Scottish | :09:03. | :09:06. | |
Government. It is for the Scottish Government to decide the timing of | :09:06. | :09:10. | |
the referendum. It iser for the Scottish people to ultimate -- it | :09:10. | :09:13. | |
is for the Scottish people to ultimately decide the outcome of | :09:13. | :09:16. | |
the referendum. Isn't it a dream come through, they will transfer | :09:16. | :09:21. | |
powers to you, you say you want a yes/no vote, you want a fair, | :09:21. | :09:24. | |
decisive and clear result, why not say yes? It is always our | :09:24. | :09:28. | |
preference to have a straight yes or no question. We are not the only | :09:28. | :09:32. | |
people with an opinion on the matter. This is a body of opinion | :09:32. | :09:36. | |
in Scotland that wants additional powers, and more economic powers, | :09:36. | :09:39. | |
short of independence. We have never, rightly, ruled out having | :09:39. | :09:43. | |
that option on the ballot pap. We are democrats, we want to give the | :09:43. | :09:46. | |
people of Scotland the right to decide their own future. The | :09:46. | :09:49. | |
politicians calling now for a referendum to happen more quickly | :09:49. | :09:53. | |
are the same politician who is spent the last four years trying to | :09:53. | :09:57. | |
plokwo the referendum completely. The -- block the referendum | :09:57. | :10:03. | |
completely. The SNP won the election overwhelmingly, and we | :10:03. | :10:07. | |
have a mandate and Westminster should respect that. You are going | :10:07. | :10:11. | |
to reject the offer because you want a yes/no vote, you want that, | :10:11. | :10:15. | |
you have just said so? That is our preference. We started to with the | :10:15. | :10:21. | |
UK Government saying that they wanted to set a time scale against | :10:21. | :10:25. | |
the time scale that the Scottish Government won the election on. We | :10:25. | :10:28. | |
have ended the election with them appearing, although we don't know, | :10:28. | :10:32. | |
to retreat from that position. There are all sorts of rumours | :10:32. | :10:35. | |
about splits within the coalition. The UK Government is in complete | :10:35. | :10:38. | |
disarray over this. In Scotland, by contrast, the position is clear, we | :10:38. | :10:43. | |
set out a clear position in the election. We won that election | :10:43. | :10:46. | |
rather handsomely. I think Westminster should respect the | :10:46. | :10:49. | |
democratic wishes of the Scottish people. Just so we can move on, you | :10:49. | :10:53. | |
reject this offer? Let's see what the UK Government has to say. But | :10:53. | :10:56. | |
if they are trying it attach conditions to the right of the | :10:56. | :11:00. | |
Scottish people to decide their own future, then I think most people in | :11:00. | :11:05. | |
Scotland will look very dimly at a Tory-led Government trying to | :11:05. | :11:08. | |
undermine Scottish democracy. you quite pleased with this row? | :11:08. | :11:16. | |
do think there is a sense in which the war, a Tory-led Government that | :11:16. | :11:21. | |
seeks to interfere in a decision rightly for the Scottish people, | :11:21. | :11:25. | |
the more support for independence will continue to grow. It has | :11:25. | :11:28. | |
backfired spectacularly on the UK Government, on the Tories in | :11:28. | :11:31. | |
particular today. We have heard George Osborne is in charge of this, | :11:31. | :11:35. | |
so clearly it is a Tory initiative. We hear the liberals are less than | :11:35. | :11:39. | |
happy about it. They are in complete disarray. By contrast the | :11:39. | :11:43. | |
position of the Scottish Government couldn't be clearer. Can you also | :11:43. | :11:46. | |
be clear for those who don't follow it closely what independence would | :11:46. | :11:51. | |
mean, for all the big things in life on these islands, in terms of | :11:51. | :11:56. | |
the pound, the euro, the Queen and the army, have you thought that | :11:56. | :12:01. | |
through? The SNP's position is keeping the Queen as head of state, | :12:01. | :12:06. | |
and we will remain with sterling until such a time as it is right to | :12:06. | :12:10. | |
go into the euro. Independent means the big decisions that affect day- | :12:10. | :12:14. | |
to-day life get taken here in Scotland by people in Scotland, the | :12:14. | :12:17. | |
people who care about them most. That is thes sense of independence | :12:17. | :12:20. | |
in every independent country the world over, why not different in | :12:20. | :12:24. | |
Scotland. Of course we want aed God, positive, co-operative relationship | :12:24. | :12:28. | |
of equals with the other countries of these islands, but that | :12:28. | :12:31. | |
relationship equals with the power of decision here in Scotland is the | :12:31. | :12:37. | |
essence of independence. There used to be a joke that you | :12:37. | :12:40. | |
could fit all the Scottish Conservative MPs into a taxi, now | :12:40. | :12:46. | |
you can fit them all into one chair. Here he is, the Scottish Office | :12:46. | :12:50. | |
minister. She was very clear, there, you can't get awhich with attaching | :12:50. | :12:53. | |
conditions to what the people of Scotland should vote on, when she | :12:53. | :12:58. | |
and her party have got a democratic mandate to run this referendum as | :12:58. | :13:03. | |
they see fit? I find difficult to understand why Nicola Sturgeon | :13:03. | :13:08. | |
doesn't want to see a legal, fair and decisive referendum in Scotland. | :13:08. | :13:12. | |
The Government tomorrow had make a statement about the legal position | :13:12. | :13:17. | |
in relation to who can hold a referendum. If you want to attach | :13:17. | :13:23. | |
conditions to that? What we will try to set out a basis on which a | :13:23. | :13:27. | |
referendum could be held that wouldn't be the basis of any legal | :13:27. | :13:29. | |
challenge. I don't think anybody, particularly the Scottish national | :13:29. | :13:36. | |
part, who say they support independence, has been their very | :13:36. | :13:40. | |
raison d'etre, would be the subject of any legal challenge. I'm sure | :13:40. | :13:45. | |
they want a fair referendum, one that is held under the normal best | :13:45. | :13:50. | |
practice for referenda, and they want a decisive outcome in the UK. | :13:50. | :13:54. | |
What they will not concede is you have the right to tell them what | :13:54. | :14:02. | |
the question should be. There are some people in Scotland who think | :14:02. | :14:05. | |
that stopping with powers short of independence would be fine, why | :14:05. | :14:09. | |
can't you concede to that? Scotland has two Government, I know Nicola | :14:09. | :14:12. | |
doesn't like to acknowledge that. We have a Government in Westminster, | :14:12. | :14:17. | |
elected less than two years ago, by the people of Scotlandments one of | :14:17. | :14:20. | |
Scotland's Governments. We have the Scottish National Party Government | :14:20. | :14:25. | |
at hole road that deals with devolved issues -- Holyrood, that | :14:26. | :14:29. | |
deals with devolved issues the it is wholly appropriate for the UK | :14:29. | :14:32. | |
Government to set out its position in relation to the constitution. | :14:32. | :14:36. | |
Have you back down, however, of setting date of 2013, she says | :14:36. | :14:40. | |
there is splits in the coalition over this, and you are in complete | :14:40. | :14:44. | |
disarray, you have backed down over the date? It is the SNP that is in | :14:44. | :14:48. | |
a wholly incomprehensible position, they havem campaigned for this to | :14:48. | :14:51. | |
be independence in Scott -- they have campaigned for independence to | :14:51. | :14:54. | |
be in Scotland. There will be an opportunity for referendum in | :14:54. | :15:01. | |
Scotland, not subject tole challenge, fair and decisive -- to | :15:01. | :15:07. | |
challenge, fair and decisive. The SNP went into Scottish Parliament | :15:07. | :15:10. | |
elections on a manifesto for a referendum for independence. It | :15:10. | :15:16. | |
didn't have anything at all in the manifesto on timing. Over the | :15:16. | :15:19. | |
weekend you said it you would like to have it in 2013, it won't happen | :15:19. | :15:23. | |
then, you have backed down from that? We would like the referendum | :15:23. | :15:27. | |
to take place as soon as possible. It is, as the Prime Minister said, | :15:27. | :15:31. | |
causing uncertainty. It has become a complete pantomime, will he, | :15:31. | :15:35. | |
won't he call it. It is causing a distraction in Scottish Parliaments, | :15:35. | :15:39. | |
it is the only issue that is really being discussed since the Scottish | :15:39. | :15:43. | |
elections, despite the fact that Scotland, like the rest the world, | :15:43. | :15:47. | |
is facing the global economic crisis. It needs to be reof solved | :15:47. | :15:52. | |
once and for all. It is very -- resolved once and for all. It is | :15:52. | :15:55. | |
very difficult to understand why the Scottish national part, who | :15:55. | :16:00. | |
have supported independence and called repeatedly for an | :16:00. | :16:04. | |
independence referendum, now want to prevar Kate it. Who would be the | :16:04. | :16:09. | |
figurehead leading the unionist case in Scotland, David Cameron, | :16:09. | :16:12. | |
George Osborne, Gordon Brown, yourself, who will take on Alex | :16:12. | :16:16. | |
Salmond and beat him? I thinkle all the party that support the UK, -- | :16:16. | :16:21. | |
think all the parties that support the UK and keeping the UK together | :16:21. | :16:24. | |
will play a part in that programme. And they will respect the people of | :16:24. | :16:27. | |
Scotland in that. It is their decision. Why have they been so | :16:27. | :16:32. | |
useless so far. If the unionist case is so strong, why is nobody | :16:32. | :16:38. | |
making it? I don't accept that the unionist parties haven't made their | :16:38. | :16:46. | |
case. They haven't made it in the way the SNP do, they are a party | :16:46. | :16:49. | |
bound in a policy breaking up the UK. It is clear from all the | :16:49. | :16:53. | |
polling to date, that the majority people in Scotland support Scotland | :16:53. | :16:56. | |
staying in Britain. They don't want Scotland pulled out of Britain, | :16:56. | :17:00. | |
they have voted SNP in the elections last year, because they | :17:00. | :17:04. | |
felt Alex Salmond was the best person to be First Minister, the | :17:04. | :17:08. | |
SNP had a number of attractive policies to them. Would David | :17:08. | :17:12. | |
Cameron be the best person to lead a campaign for the union in | :17:12. | :17:15. | |
Scotland? David Cameron is the Prime Minister Scotland, he will | :17:15. | :17:19. | |
have a significant part to play in the campaign to keep Scotland in | :17:19. | :17:22. | |
Britain. Don't you worry this is exactly the trap that the SNP would | :17:22. | :17:26. | |
like you to fall in to. You are the only Conservative MP at Westminster, | :17:26. | :17:30. | |
for north of the boarder, if David Cameron were to play a major part | :17:30. | :17:33. | |
in this campaign, it would backfire? Had I don't think that is | :17:33. | :17:38. | |
the case at all. I think the issues, what we want to get on and discuss, | :17:38. | :17:44. | |
is about Scotland's part in the UK. Not about process, which the SNP | :17:44. | :17:48. | |
want to get us bogged down in. I think the people of Scotland | :17:48. | :17:52. | |
recognise the benefits of being in the UK, and they will see all the | :17:52. | :17:54. | |
unionists parties campaigning for Scotland to stay in the UK. And | :17:54. | :18:00. | |
that will be the outcome of any referendum, when ever it is hell. | :18:00. | :18:03. | |
There are big changes in the Obama White House tonight, as the | :18:03. | :18:07. | |
President's Chief of Staff, Bill Daley, is being replaced. In the | :18:07. | :18:10. | |
middle of Obama's re-election campaign, in which the economy is | :18:10. | :18:13. | |
the central issue. For millions of ordinary Americans, the American | :18:13. | :18:16. | |
dream doing better than your parents has taken a battering. | :18:16. | :18:20. | |
Recent studies suggest that moving up the economic scale is more | :18:20. | :18:23. | |
difficult in the United States nowadays than in Canada, or western | :18:24. | :18:29. | |
Europe. We report from Ohio on what could be the make-or-break issue | :18:29. | :18:33. | |
for the Obama presidency, in a make-or-break state for | :18:33. | :18:42. | |
presidential candidates. This economy took a bit hit, if you | :18:42. | :18:45. | |
have a bad illness or hit by a truck, it will take a while for you | :18:45. | :18:48. | |
to mend. That is what has happened to our economy. It is taking a | :18:49. | :18:54. | |
while to mend. Part of Obama's mending is the rebirth of the motor | :18:54. | :19:00. | |
industry. GM and Chrysler were on their knees, bankrupt, with | :19:00. | :19:06. | |
incalculable costs to America's psyche, deliverance arrived with | :19:06. | :19:11. | |
$60 billion of tax-payers' cash. were dead as a company. We seized | :19:11. | :19:14. | |
to exist, and eaten up by the competition, they of would have | :19:14. | :19:19. | |
taken our market share. Again, because President Obama and his | :19:19. | :19:22. | |
administration had faith in clies letter we existed today, we realise | :19:22. | :19:28. | |
we have -- Chrysler, we exist today, and we realise we have a future | :19:28. | :19:35. | |
ahead of us. At Chrysler's Ohio plant the future will be different. | :19:35. | :19:39. | |
There is less demarcation between management and production line. | :19:39. | :19:43. | |
Workers feel involved, no-one is getting rich. People know we have a | :19:43. | :19:47. | |
new lease of life here, we have to do whatever it takes to keep this | :19:47. | :19:51. | |
plant open. I don't think we have gotten a raise, cost of living went | :19:51. | :19:55. | |
away, it is still away. About eight years we have been at the same wage | :19:55. | :19:59. | |
right now. You are actually getting less in real terms? Correct, | :19:59. | :20:04. | |
because of the economy, people are willing to do work for less money. | :20:04. | :20:08. | |
We are all very grateful for our job right here. We know the | :20:08. | :20:12. | |
unemployment rate is up through the roof, we are grateful to have a job | :20:12. | :20:16. | |
here. The Rennaissance in the American | :20:16. | :20:20. | |
motor industry carries several lessons, workers and management are | :20:20. | :20:25. | |
united, they are all in this together, up to a point. Beyond the | :20:25. | :20:28. | |
car plants, the old vision of America as a haven of social | :20:28. | :20:33. | |
mobility, that has been shaken. Out there in Ohio and beyond, whole | :20:33. | :20:37. | |
swathes of the American work force, the American middle-classes, have | :20:37. | :20:42. | |
been hurting. And the question in this election year is, when and if | :20:42. | :20:52. | |
:20:52. | :20:52. | ||
that pain is going to stop. Dayton Ohio has been decimated and worse. | :20:53. | :21:00. | |
Since 2000, 15% of the people have left. The Ohio lawyer department a | :21:00. | :21:05. | |
diary of the great depression in the 1930s, he could have been | :21:05. | :21:15. | |
:21:15. | :21:26. | ||
Eight decades on and the story is repeated. It is reckoned 25,000 | :21:26. | :21:30. | |
extra families have been blighteded by unemployment here in the last | :21:30. | :21:33. | |
four years. - blighted by unemployment here in the last four | :21:33. | :21:40. | |
years. They were the ones that got clobbered, some of them had really | :21:40. | :21:44. | |
nice prolonged spells of employment in manufacturing jobs, that were | :21:44. | :21:50. | |
paying them a decent wage. I think the fall for those people was very | :21:50. | :21:54. | |
dramatic, but there were other people, working-class people, no | :21:54. | :22:02. | |
matter how hard you tried, you simply can't find work. | :22:02. | :22:06. | |
unemployment rate is now at its lowest in three years. We must call | :22:06. | :22:09. | |
our first case, please. Recent studies suggest the poorest | :22:09. | :22:14. | |
Americans have less chance ofs caping poverty than do the poor of | :22:14. | :22:20. | |
Europe. How do you wish to plead? Not guilty. I'm totally humiliated. | :22:21. | :22:26. | |
The courts get the fall-out. This judge says those convict can't pay | :22:26. | :22:31. | |
their fines. It creates a bad cycle, if you can't collect your fines and | :22:31. | :22:36. | |
costs, you can't get that money over to the general fund, to pay | :22:36. | :22:42. | |
the employees, it is a weird accounting process in Ohio. We are | :22:42. | :22:48. | |
already pretty minimum salary any way. Most of the people that appear | :22:48. | :22:53. | |
in my court make more money than my clerks make. Court sittings have | :22:53. | :22:57. | |
been cut to save costs, at one point it nearly closeded because | :22:57. | :23:04. | |
they couldn't afford paper. Public spirited Ohio people chipped in. | :23:04. | :23:09. | |
Your assistant suggested some people sent in toilet paper in to | :23:09. | :23:13. | |
help out? A few of my close friends. These are some of the defendants? | :23:13. | :23:17. | |
I'm a bit of a joker any way, they figure they would use that | :23:17. | :23:24. | |
opportunity to get back at me. In 1948 Hollywood made a film, | :23:24. | :23:29. | |
which for the next 250 years encapsulated the American ideal. | :23:29. | :23:39. | |
:23:39. | :23:40. | ||
Ska Mr Blandings builds his dream house. In a stunt63 perfect live-in | :23:40. | :23:44. | |
replicas were createded across the country. Drop in and see us some | :23:44. | :23:51. | |
time. This is that dream, made real, real estate, here in owe high heyo. | :23:51. | :23:57. | |
Those post World War II days, of middle -- Ohio, those post World | :23:57. | :24:02. | |
War II days of middle-class optimisim and security are all too | :24:02. | :24:07. | |
distant. For many families in Ohio, it is a different story. In Dayton, | :24:07. | :24:12. | |
agents for the Sheriff's office assess the value of properties | :24:12. | :24:16. | |
repossessed. Foreclosed by the bank, because the mortgage isn't being | :24:16. | :24:22. | |
paid. More than a million are taken over every year, each one a | :24:22. | :24:27. | |
family's heartbreak. From the tumble down to the mansion, | :24:27. | :24:33. | |
all are vulnerable. This is in a very good state. The this house was | :24:33. | :24:37. | |
worth over a million dollars, now it is only half that. Everybody is | :24:37. | :24:42. | |
losing money. I know that for a fact because I'm in the | :24:42. | :24:49. | |
businessment I developed 1,060 farm into a golf course and residential | :24:49. | :24:52. | |
community, even golf courses are struggling, golf is expensive. | :24:53. | :24:58. | |
People can't afford to pay? That is exact low right. Obama wants to | :24:58. | :25:02. | |
slow down the foreclosure process to give families more time to | :25:02. | :25:05. | |
renegotiate, Republicans cannot to speed it up to liberate a stagnant | :25:05. | :25:10. | |
market. What do the people in the frontline think? With so much | :25:10. | :25:14. | |
unemployment in our area, people can't afford to buy houses. They | :25:15. | :25:21. | |
can't go to the banks and get a loan. It is not a housing problem | :25:21. | :25:24. | |
but employment? Particularly in our area. The idea of the bank working | :25:24. | :25:27. | |
with the people, which President Obama wants to do is good, but the | :25:27. | :25:35. | |
banks aren't doing it. It is a mess at the moment? It is a mess. It is. | :25:35. | :25:40. | |
Look at the time, be smart, you have a two-point lead. An hour from | :25:40. | :25:43. | |
Dayton, the Davies family watch their youngest shoot hoops. They | :25:43. | :25:48. | |
have endured some troubled years. Bob, his brother, sister, brother- | :25:48. | :25:52. | |
in-law and father-in-law all worked for GM, whose Dayton plant wasn't | :25:52. | :25:56. | |
saved by the bailout. They have had little more than odd jobs since, | :25:56. | :26:02. | |
and fear that is how it is going to stay. | :26:02. | :26:05. | |
There is a big disparity between what I believe is the rich and the | :26:05. | :26:10. | |
poor in this country now. Because the manufacturing jobs are not | :26:10. | :26:15. | |
there any more. The good paying jobs that I haveen joyed in my life, | :26:15. | :26:19. | |
my kids are never going to see in this country -- I have enjoyed in | :26:19. | :26:22. | |
my life, my kids are never going to see in this country. You don't | :26:22. | :26:26. | |
think it will come back? I don't think it will. The Daviess build | :26:26. | :26:31. | |
their dream home on land that is in the family since the 1960s. Last | :26:31. | :26:36. | |
week they put the lot, 16 acres, on the market. I was able to purchase | :26:36. | :26:40. | |
it through working at GM, and get it back in the family and build our | :26:40. | :26:44. | |
dream home. I would like to retire here, I would like to live here, | :26:44. | :26:48. | |
for the rest of my days, we don't know with the economy the way it is. | :26:48. | :26:52. | |
It seems like we keep dodging bullets through the last three | :26:52. | :27:00. | |
years. We have been surviving. is a lot of prayer. This is the one | :27:00. | :27:05. | |
thing we didn't want to have to sacrifice. | :27:05. | :27:09. | |
Sacrifice was always part of the story Americans like to tell about | :27:09. | :27:13. | |
themselves. While the politicians argue over big or small Government, | :27:13. | :27:17. | |
or should taxes go up or down, the people whose votes they will seek | :27:17. | :27:21. | |
come November, won't be fuelled. They know there is a lot that has | :27:21. | :27:25. | |
gone from Ohio and elsewhere, and they fear much of it won't be | :27:25. | :27:35. | |
:27:35. | :27:36. | ||
coming back. I'm joined now by my guests who | :27:36. | :27:42. | |
used to work for George Bush, and the adviser to vice-president of | :27:42. | :27:47. | |
President Bush, Joe Biden. Looking at the report, does that mean for | :27:47. | :27:50. | |
thousands of ordinary working Americans, the idea of social | :27:50. | :27:55. | |
mobility, that part of the dream, has just gone? That may be a | :27:55. | :27:59. | |
slightly harsh interpretation, in the sense that there still is some | :27:59. | :28:02. | |
degree of mobility. What I think is very much correct, and certainly | :28:02. | :28:08. | |
came through the story, is just how much that mobility has been | :28:08. | :28:14. | |
diminish. How it has been denigrate by years of hammering away at | :28:14. | :28:18. | |
American cobs -- Denisovich any grated by years of -- den any | :28:18. | :28:25. | |
grated by years of hammering away for years at American jobs. Middle- | :28:25. | :28:29. | |
class incomes, middle-class wages have been stagnant for a long time. | :28:29. | :28:33. | |
I wouldn't say mobility has gone to zero and the American dream has | :28:33. | :28:36. | |
completely fizzled. I would say climbing up the rungs of the ladder | :28:36. | :28:40. | |
is much harder than it used to be, and people know it. Do you agree | :28:40. | :28:43. | |
broadly with that. There is study after study saying the United | :28:43. | :28:48. | |
States is falling behind Canada and some parts of western Europe in | :28:48. | :28:52. | |
terms of social mobility, it as real problem for both parties? | :28:52. | :28:54. | |
are right to pick Ohio, that is where the presidential election | :28:54. | :28:58. | |
will be decide. It is wrong to think there is no innovation and | :28:58. | :29:03. | |
change going on. In the US we are seeing a remarkable amount of | :29:03. | :29:06. | |
manufacturing come back from Asia to the Midwest. These stories are | :29:06. | :29:11. | |
important. They are about the innovation and the change, the | :29:11. | :29:19. | |
enprepen neural risk-taking, to pour -- entreprenurial ris-taking, | :29:19. | :29:27. | |
to portray the Midwest as a basket case is not right. The better life | :29:27. | :29:34. | |
is still part of the American dream. But a study last year suggested for | :29:34. | :29:38. | |
the past 30 years the very rich have got rich, but middle Americans | :29:38. | :29:42. | |
aren't making it? This is correct, we have a social dislocation issue. | :29:43. | :29:46. | |
My personal view on this is it is not a function of Government | :29:47. | :29:52. | |
failing to redistribute wealth. In fact, I think that, as a Republican | :29:52. | :29:55. | |
that doesn't make sense to me. What does make sense is two thirds of | :29:56. | :30:00. | |
the net new jobs in the US economy are created by firms that employ | :30:00. | :30:05. | |
less than 30 people. Anything that gets in the way that entreprenurial | :30:05. | :30:10. | |
ris-taking, will inhibit social mobility. Not only that, I think it | :30:10. | :30:20. | |
:30:20. | :30:20. | ||
is important that we take class and shop class out of the school system, | :30:20. | :30:24. | |
we have a generation that thinks college education equals success, | :30:24. | :30:28. | |
and we have left a generation without skills to manage in a | :30:28. | :30:31. | |
downturn. Against that background we have seen reasonable figures | :30:31. | :30:33. | |
from the United States, unemployment is going down a bit, | :30:33. | :30:39. | |
not as fast as you would hope. How fragile is all that, how is it | :30:39. | :30:43. | |
feeding through to the people we are talking about? The US economy | :30:43. | :30:48. | |
is moving slowly in the right direction. There is still a lot of | :30:48. | :30:52. | |
fragility, it is not hard to imagine some of the problems out | :30:52. | :30:57. | |
there throwing us off worse. We are climbing out of extremely deep hole. | :30:57. | :31:02. | |
I probably don't nearly have as sunny a view of the manufacturing | :31:02. | :31:06. | |
sector as we just heard. There is a point. There is some insourcing | :31:06. | :31:10. | |
going on. The sector has added jobs in recent years. This is a sector | :31:10. | :31:16. | |
that used to be 35% of employment in our hey day, it recently crossed | :31:16. | :31:22. | |
10% going down. While there has been some improvement at the margin. | :31:22. | :31:29. | |
A lot of the problem you got to in the inequality citation are from | :31:29. | :31:33. | |
the study you quote. We have had technological gains, certainly | :31:33. | :31:37. | |
there are folks in the economy who have done very well from those | :31:37. | :31:41. | |
kinds advantages. But that is a very narrowly concentrated group. | :31:41. | :31:45. | |
If you look at the incomes at the very top of the scale they have | :31:45. | :31:51. | |
gone up, according to the study you have just mentioned, 280%, over the | :31:51. | :31:57. | |
past three decades. The middle- class has gone up 30%, folks at the | :31:57. | :32:01. | |
bottom have barely crept along. Some innovation and some gains, yes, | :32:01. | :32:04. | |
but they have been hugely concentrateded at the top of the | :32:04. | :32:07. | |
scale. That is not a controversial statement, it is widely accepted. | :32:07. | :32:11. | |
How fragile do you think the American recovery is? People say | :32:11. | :32:17. | |
one bit of good news is perhaps you are decoupled from the problems in | :32:17. | :32:20. | |
Europe which is much worse, that is probably going into recession again, | :32:21. | :32:26. | |
but the US not? And decoupled from Asia and China and its difficulties | :32:26. | :32:29. | |
as well. Let's consider what is happening at the grass roots level. | :32:29. | :32:39. | |
:32:39. | :32:40. | ||
Its not only manufacturing, land prices are booming, it is energy. | :32:40. | :32:44. | |
President Obama will have a landslide then, it will work for | :32:44. | :32:49. | |
him? Yes but not enough. Americans are saying the size of Government | :32:49. | :32:53. | |
and the debt burden it carries has become too large. If it is a | :32:53. | :32:57. | |
question of cutting expenditure the public wants to do that. The | :32:57. | :33:02. | |
critical issue where the social inequality issue is at the centre | :33:02. | :33:06. | |
is about entitlement. That is where the country is deeply split about | :33:06. | :33:11. | |
how to manage entitlement. significant is it that Bill Daley | :33:11. | :33:17. | |
has gone as Chief of Staff in the White House, is that a surprise? | :33:17. | :33:22. | |
There may be some big dole, it always is the day it happens -- | :33:22. | :33:26. | |
deal, it is the day it happens. In relevance to our conversation, he | :33:26. | :33:31. | |
is a guy who is more closely tied to the business community, the | :33:31. | :33:35. | |
administration has been, I think, sounding more sympathetic tom some | :33:35. | :33:39. | |
of the ideas around inequality, wage stagnation, ideas you | :33:39. | :33:43. | |
associate less with the requests of the business community and more | :33:43. | :33:47. | |
with more progressive side of the ledgeer. In the story we just heard, | :33:47. | :33:51. | |
I didn't hear one person complain about entitlements or the size of | :33:51. | :33:55. | |
Government. What people are talking about out there, that is the | :33:55. | :33:58. | |
Washington debate, that is the inside debate. What people are | :33:58. | :34:02. | |
talking about out in the real world are their pay cheques and their | :34:02. | :34:10. | |
jobs. That has to be the focus there. Two big developments with | :34:10. | :34:14. | |
implications over Britain's place in Europe took place today, one in | :34:14. | :34:19. | |
Berlin and one in London. At a meeting in Germany, President | :34:19. | :34:26. | |
Sarkozy announced his intention to press ahead with a financial | :34:26. | :34:31. | |
transactions tax. And Eddy Merckx appeared to reluctantly agree with | :34:31. | :34:35. | |
Mr Sarkozy. Here Nick Clegg said any treaty on fiscal union should | :34:35. | :34:42. | |
be folded into existing EU rules, which means to some interpretors | :34:42. | :34:47. | |
that Britain might accept a treaty, despite David Cameron's refusal | :34:47. | :34:51. | |
last month. President Sarkozy's visit to the birth place of | :34:51. | :34:54. | |
national icon, Joan of Arc, remind us he faces election in four months. | :34:55. | :35:01. | |
Trailing in the polls, he has tried to rouse his vote, with patriotism, | :35:01. | :35:05. | |
castigating Britain for its tactics during the eurozone crisis, and | :35:05. | :35:09. | |
moving ahead briskly with a tax on financial services. | :35:09. | :35:15. | |
TRANSLATION: I'm fully committed it a tax on financial transactions. If | :35:15. | :35:18. | |
with find ourselves in this situation, it is because there were | :35:18. | :35:22. | |
scandalous and inadmissible deregulation of the financial | :35:22. | :35:27. | |
market. It is only Norma that those who -- normal that those who | :35:27. | :35:31. | |
contributed to placing us and the rest of the world in this place | :35:31. | :35:36. | |
over the last three years should pay some tax. If we do not lead by | :35:36. | :35:39. | |
example, will not be implemented. Britain has entered the lists | :35:39. | :35:43. | |
against France again, opposing the new tax. I would say to the other | :35:43. | :35:47. | |
European leaders if you want to do what Britain has, we have a bank | :35:47. | :35:52. | |
levy, so the banks contribute, and stamp duty on share dealings, you | :35:52. | :35:55. | |
can do that. But the idea of a new European tax, when you won't have | :35:55. | :35:59. | |
the tax put in place in other place, I don't think is sensible, and I | :36:00. | :36:04. | |
will block it. If Britain is opposed, Germany isn't exactly | :36:04. | :36:07. | |
enthusiastic about President Sarkozy's plan. Chancellor Merckx | :36:07. | :36:12. | |
knows that implementing the Tobin, Robin Hood, or financial transfer | :36:12. | :36:16. | |
tax, whatever you call it, will be very hard without unanimity. She, | :36:17. | :36:21. | |
today, preferred to emphasise moving ahood with the wider fistle | :36:21. | :36:25. | |
kalpakage, -- ahead, with the wider fiscal package, opposed by Britain. | :36:25. | :36:29. | |
TRANSLATION: I personally think there is a way for a transaction | :36:29. | :36:33. | |
tax in Europe, we don't have agreement at the moment, I will try | :36:33. | :36:36. | |
to get it through for 27 member states. We need to consider this | :36:36. | :36:40. | |
agreement, and need to give a proposal in order to have a | :36:40. | :36:44. | |
transaction tax. We will further fight for that. In fact, the more | :36:44. | :36:47. | |
you lock at the proposed tax, that has produceded so much politicle | :36:47. | :36:53. | |
kal heat in recent weeks, the less -- political heat in recent week, | :36:53. | :36:57. | |
the less likely of an implementation in the near future. | :36:57. | :37:03. | |
The UK has an opt-out on new taxes, and French banks warn implementing | :37:03. | :37:09. | |
it in their country alone could be disastrous. If there is a Financial | :37:09. | :37:13. | |
Transaction Tax in the euro area, that would drive business, perhaps | :37:13. | :37:18. | |
to London. The euro area would not be possible to rule that financial | :37:19. | :37:22. | |
transactions have to be taken here. If it comes about the UK might | :37:23. | :37:28. | |
actually win a little bit. There are so many practical obstacles to | :37:28. | :37:32. | |
implementing a financial transfers tax. The Irish Government, within | :37:32. | :37:36. | |
the eurozone, has warned that unless it is done globally, it | :37:36. | :37:40. | |
could produce a capital flight from European banks. So why do | :37:40. | :37:43. | |
politicians, particularly in had France, and the UK, keep talking | :37:43. | :37:48. | |
about it right now? The answer seems to have everything to do with | :37:48. | :37:53. | |
national political imperatives, and very little to do with the unity of | :37:53. | :37:57. | |
action, that they have urged repeated low at European Summits. | :37:57. | :38:02. | |
When it comes to the wider agenda of stablising the euro, normal | :38:02. | :38:07. | |
politics resumed today, after the Christmas lull, in more ways than | :38:07. | :38:12. | |
one. Britain's Deputy Prime Minister, hosting European liberal | :38:12. | :38:15. | |
colleagues, suggested the treaty opposed by the Prime Minister in | :38:15. | :38:19. | |
December, should, eventually be accepted. We believe that it should, | :38:19. | :38:28. | |
over time, be folded into the existing EU treaty. You don't get a | :38:28. | :38:31. | |
permanent two parallel treaties working separately from each other. | :38:31. | :38:36. | |
We all see this as a temporary arrangement, rather than one which | :38:37. | :38:39. | |
creates a permanent breach at the heart of the European Union. | :38:39. | :38:44. | |
They said in Berlin today, that the package of measures proposed in | :38:44. | :38:48. | |
that treaty, could be agreed by the 1th of March. But the discipline it | :38:48. | :38:53. | |
calls for on Government budgets may be harder for France to manage, | :38:53. | :38:59. | |
than most eurozone countries. countries which supposedly are the | :38:59. | :39:08. | |
problem, are already fulfiling the conditions of the freety. The | :39:08. | :39:15. | |
schedule to have already -- treaty. The schedule is to have already a | :39:15. | :39:19. | |
fiscal issue in balance. The problem will be in France where | :39:19. | :39:22. | |
there is no political consensus at all on this kind of policy. | :39:22. | :39:25. | |
President Sarkozy, fighting hard for re-election, will only have to | :39:25. | :39:32. | |
balance his budget, if he wins. In an attempt to repeat his success of | :39:32. | :39:37. | |
2007, his populisim may test even Germany's patience, as he seeks to | :39:37. | :39:42. | |
shape the European debate in France's interest. | :39:42. | :39:46. | |
I'm joined by the Lib Dem MEP and President of the European Liberal | :39:46. | :39:51. | |
Democrats, Sir Graham Watson, who co-hosted the event here. And the | :39:51. | :39:55. | |
Conservative MP. Can you help us out what Nick Clegg | :39:55. | :39:59. | |
meant by folding one treaty into another? This is nothing that is | :39:59. | :40:02. | |
not new. In previous cases sometimes, a number of countries | :40:02. | :40:06. | |
have gone ahead and done something as a small group, that has | :40:06. | :40:09. | |
eventually become part of the general European Union treaties. | :40:09. | :40:14. | |
The idea of this is, if we get it right, is that this should be a | :40:14. | :40:19. | |
very limit treaty, concentrateded on the fiscal discipline necessary | :40:19. | :40:23. | |
to -- concentrated on the fiscal discipline necessary for the euro | :40:23. | :40:28. | |
to survive and rolled into the rest of Europe. What is the point of the | :40:28. | :40:33. | |
veto, if you veto it and fold it into existing treaties, that sounds | :40:33. | :40:37. | |
confusing? What the Prime Minister, when he vetoed it, did not want to | :40:37. | :40:40. | |
see, and right loo, is other European countries going off and | :40:40. | :40:44. | |
doing a whole raft of things currently done between 27, just | :40:44. | :40:48. | |
between the 17 member countries of the eurozone. Now Nicolas Sarkozy | :40:48. | :40:53. | |
wants this to be a rather wider treaty. He wants to take decisions | :40:53. | :40:57. | |
about the European single market, things that Britain and other non- | :40:57. | :41:01. | |
euro countries are involved in, within the framework of a new | :41:01. | :41:05. | |
inter-governmental treaty. It does sound like accepting what we have | :41:05. | :41:09. | |
already vetos? I don't think it is. -- Vote toed? I don't think it is, | :41:09. | :41:13. | |
it is recognising that, and the European countries need the | :41:13. | :41:17. | |
discipline of greater fiscal co- ordination for the euro to survive. | :41:17. | :41:21. | |
But trying to limit the treaty to that. It is really what the Prime | :41:21. | :41:25. | |
Minister was arguing for before last December. There is no point in | :41:25. | :41:32. | |
having a veto, is there? I disagree. In fact, if we take a step back, we | :41:32. | :41:37. | |
have already a referendum lock in the first 18 months of being in | :41:37. | :41:40. | |
coalition Government, we have introduced that. Any more powers of | :41:40. | :41:43. | |
from our parliament to the European Parliament would come under a | :41:43. | :41:49. | |
referendum. So, if, at whatever stage, the proposals that were | :41:49. | :41:54. | |
talked about today at the Lib Dem conference, then presume blie we | :41:54. | :41:57. | |
would have to put that to the country -- presumably we would have | :41:57. | :42:00. | |
to put that to the country. That put to one side, the safeguards the | :42:01. | :42:03. | |
Prime Minister was looking for is exactly the sort of things Graham | :42:03. | :42:07. | |
is talking about. You are completely relaxed about the idea | :42:07. | :42:11. | |
of folding it into existing EU treaties and that wouldn't cause | :42:11. | :42:16. | |
any great problems for you or your party? The coalition Government, in | :42:16. | :42:20. | |
agreement, and the Prime Minister went to Europe to effectively ask | :42:20. | :42:23. | |
for modest protections around the single market, which Graham talks | :42:23. | :42:27. | |
about, around protecting financial services around the whole of Europe, | :42:27. | :42:30. | |
not just to carve out for London. Those are still in place. That | :42:30. | :42:33. | |
agreement between the two parties and coalition is still in place. | :42:33. | :42:37. | |
What Nick Clegg was referring to, is financial fiscal consolidation, | :42:38. | :42:42. | |
that will take place now, to save the euro zone, it is something that, | :42:42. | :42:46. | |
in the future, can be looked at. What I would say, our position is | :42:46. | :42:49. | |
slightly different to the Liberal Democrats, effectively you would | :42:49. | :42:54. | |
have to have a referendum to move powers away from London. On the | :42:54. | :42:57. | |
other issue, the Financial Transaction Tax, will that happen, | :42:57. | :43:02. | |
the French, President Sarkozy is very keen on it, perhaps not the | :43:02. | :43:05. | |
French banks. Eddy Merckx seems to be doing along with it. Will it | :43:05. | :43:10. | |
happen and will have implications for us even if we don't sign up for | :43:10. | :43:15. | |
it? It is highly unlikely top happen, two of the member states, | :43:15. | :43:19. | |
the UK and Sweden oppose it strongly. It is the kind thing that | :43:19. | :43:24. | |
can't happen without unanimity.S unlikely to happen, because all of | :43:24. | :43:31. | |
Europe knows, from Sweden's position, who tried it ten years | :43:31. | :43:36. | |
ago, your financial services move elsewhere if you do it. If every | :43:36. | :43:40. | |
country in the world would introduce it, and you had global | :43:40. | :43:45. | |
agreement, that would be something that would work, but that won't | :43:45. | :43:52. | |
happen. Are you broadly on the same page with this, this is President | :43:52. | :43:59. | |
Sarkozy's populist bid, he knows won't happen? If they want to | :43:59. | :44:05. | |
introduce a bank tax they should introduce a banker Liffey. Bankers | :44:05. | :44:12. | |
won't pay the financial -- levy, bankers won't pay the Financial | :44:12. | :44:18. | |
Transaction Tax, the pension funds will be paying it. We want it | :44:18. | :44:22. | |
release globally. There is a study that shows we will lose just under | :44:22. | :44:27. | |
2% of GDP, half a million jobs will disappear. Those transactions would | :44:27. | :44:33. | |
of move to Singapore, Hong Kong or New York. Is there a danger if we | :44:33. | :44:38. | |
didn't accept it, if the eurozone went along with it, much trade | :44:38. | :44:43. | |
would move outwards to London? London has an opt-out. If they want | :44:43. | :44:46. | |
to go ahad he, that is fine. If the rest of them went ahe head, would | :44:46. | :44:51. | |
that have an impact? It would help London. Right, OK, thank you very | :44:51. | :45:00. | |
much. A quick look at the front pages. Thep Times has Thierry Henry | :45:00. | :45:05. | |
on the front page. He scored a goal tonight, we can't afford to run it | :45:05. | :45:15. | |
:45:15. | :45:31. | ||
tonight because we don't have the A damming report findings many of | :45:31. | :45:33. | |
NHS staff find basic skills to do the job. | :45:33. | :45:37. | |
That's all from Newsnight tonight, a daylight with this one, we will | :45:37. | :45:42. | |
make an exception in this case. David Bowie was 65 yesterday. We | :45:42. | :45:52. | |
:45:52. | :46:03. | ||
# Snuk into the city # Strung out on lasers | :46:03. | :46:09. | |
# And slashed back blazers # Pulling all the waiters | :46:09. | :46:15. | |
# Talking about Munroe # Walking on know white | :46:15. | :46:25. | |
:46:25. | :46:25. | ||
# Everything tastes nice # Call Jean genie | :46:25. | :46:32. | |
# Jean genie Colder at the end of the week, for | :46:32. | :46:35. | |
the time being a mild story on Tuesday. Temperatures starting the | :46:35. | :46:40. | |
day above freezing, a mild day. A lot of dry weather. The wet stuff | :46:40. | :46:44. | |
across the north of Scotland. Mid- afternoon across the heart of | :46:44. | :46:50. | |
England, predominantly dry. Some glimpses of wintry sunshine. Wind | :46:50. | :46:54. | |
across southern areas loyalty and pleasanter for the outside. Across | :46:54. | :46:59. | |
the south west, after a rather damp start things could cheer up with | :46:59. | :47:02. | |
brightness to the east of the moors. Parts of South Wales too. Cheering | :47:02. | :47:07. | |
up nicely through the afternoon. Further north it will stay cloudy | :47:07. | :47:11. | |
with damage across Snowdonia, mist over the high grown. Damp and | :47:11. | :47:14. | |
dreary afternoon across parts of Northern Ireland, with thicker | :47:14. | :47:17. | |
cloud producing outbreaks of rain, particularly in the west. The | :47:17. | :47:22. | |
really wet stuff will be across the far north of Scotland, blustery | :47:22. | :47:29. | |
winds here. One more mild day, as we go into Wednesday, once more | :47:29. | :47:32. | |
temperatures will be widely up into double figures north and south. The | :47:32. | :47:37. | |
price we pay for that is aed good deal of cloud, limited -- a good | :47:37. | :47:42. | |
deal of cloud, limited brightness. We can see a change at the end of | :47:42. | :47:48. |