Browse content similar to 10/04/2012. Check below for episodes and series from the same categories and more!
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You thought giving was good? It is up to a point, but only up to a | :00:11. | :00:15. | |
point determined by the Chancellor of the Exchequer. He believes some | :00:15. | :00:19. | |
rich people should give less to charity and more to the Treasury. | :00:19. | :00:23. | |
They are paying money to charities, quite often that charity will be | :00:23. | :00:27. | |
something that they control, it might even own their own company, | :00:27. | :00:31. | |
which will then pass on from generation to generation | :00:31. | :00:34. | |
inheritance tax. Is the charity sector being used as | :00:35. | :00:40. | |
a tax dodge, and so what if it is. A philanthropist, MP, banker and | :00:40. | :00:44. | |
trade unionists are here to tell us. Thank you all very much, God bless | :00:44. | :00:47. | |
you. The Conservative, Rick Santorum | :00:47. | :00:52. | |
gives up on becoming the Republican Party's candidate to unseat Barack | :00:52. | :00:59. | |
Obama in November. Is the battle for the White House finally clear? | :00:59. | :01:02. | |
This is how President Bashar al- Assad interprets calls for a | :01:02. | :01:08. | |
ceasefire, is it now a struggle to the death in Syria. | :01:08. | :01:11. | |
Foul language, free downloads, and fortunes to be made in youth | :01:11. | :01:16. | |
culture, another rising star has an audience with Steve Smith. | :01:16. | :01:21. | |
My lyrics, aren't, I don't know, I'm sorry if I keep talking, my | :01:21. | :01:25. | |
lyrics aren't offensive. Aren't they, some people find them | :01:25. | :01:28. | |
offensive, you have heard that before? Some people behind | :01:28. | :01:36. | |
everything offensive. Some of the richest people in the | :01:36. | :01:41. | |
country are paying tax at a lower rate than delivery drivers or | :01:41. | :01:45. | |
school teachers, despite being hardly short of a bob or two | :01:45. | :01:47. | |
himself, the Chancellor of the Exchequer insists he has been | :01:47. | :01:51. | |
astonished to discover some of the schemes being used by the very | :01:51. | :02:00. | |
wealthy. He says that's why he's putting limits on giving to charity. | :02:00. | :02:02. | |
Cue outrage recipients of charitable giving. Before we have | :02:03. | :02:10. | |
this out, our Paul Mason was here. He was giving in the budget tax | :02:10. | :02:14. | |
breaks to rich people, now he wants them to pay more in tax? The budget | :02:14. | :02:17. | |
brought a controversial principle, that is, they think, the Treasury, | :02:17. | :02:20. | |
impossible to raise money from rich people by raising the tax rate, | :02:20. | :02:24. | |
because they change their behaviour, and the tax take falls off. There | :02:25. | :02:29. | |
is a famous curve, controversial, that shows it falling off. Now the | :02:29. | :02:33. | |
solution they have come up with, is to attack the behaviour, to attack | :02:33. | :02:37. | |
the avoidance behaviour, which, as all good economicss or pond dents | :02:37. | :02:41. | |
know, is legal, it is evasion that is illegal, so you change the | :02:41. | :02:49. | |
behaviour by clamping down. As part of this on going battle, George | :02:49. | :02:53. | |
Osborne briefed the newspapers this morning that he was shocked by | :02:53. | :02:59. | |
these top 20 avoiders not paying much tax. The solution to it is to | :02:59. | :03:05. | |
impose a tycoon tax, which actually says the amount of tax relief you | :03:05. | :03:09. | |
get on charitable giving is capped. You can't just wipe out all your | :03:09. | :03:13. | |
tax bill by giving more and more to your charities. Why are they | :03:13. | :03:16. | |
attacking charitable giving? Because it is one of the most | :03:16. | :03:21. | |
efficient ways to avoid paying tax. The charities have come out and say | :03:21. | :03:24. | |
they have already seen people stop giving, people are putting | :03:24. | :03:27. | |
donations on hold until they find out what is going on. The | :03:27. | :03:31. | |
recipients, the good causes are up in arms. But Downing Street came | :03:31. | :03:34. | |
out fighting today and actually said, we know of charities where | :03:34. | :03:39. | |
there doesn't seem to be a lot of charitable work going on, but a lot | :03:39. | :03:44. | |
of effect on individuals' tax bills is taking place. What is certain is | :03:44. | :03:48. | |
that this issue, which was seen on the fringes when the UK Uncut | :03:48. | :03:52. | |
movement started 18 months ago, has come, via this studio, Ken and | :03:52. | :03:57. | |
Boris, right to the centre of the political mainstream. | :03:57. | :04:04. | |
These are dark days for the rich. But one sanctuary remained. | :04:04. | :04:14. | |
:04:14. | :04:14. | ||
Until now. From Qatar, from Russia, the Greece, the hot money of the | :04:14. | :04:20. | |
rich has one destination, Blighty. But now, with the resistance rising, | :04:20. | :04:25. | |
the man in charge has called a halt. Everybody is to leave here | :04:25. | :04:29. | |
immediately, this cafe is closed until further notice, clear the | :04:29. | :04:33. | |
room. How can they close me up, on what grounds. I'm shocked, shocked, | :04:33. | :04:38. | |
to find that gambling is going on in here. Your winnings, Sir. Thank | :04:38. | :04:42. | |
you very much. Everybody out at once. Of all the rows of all the | :04:42. | :04:45. | |
world, why did George Osborne have to walk into this one. The | :04:45. | :04:49. | |
Chancellor said he was shocked at the scale of tax avoidance, but | :04:49. | :04:54. | |
most tax experts are not shocked, in fact, some have been warning | :04:54. | :04:57. | |
about Britain's conviviality for tax dodgers, for years. This | :04:57. | :05:02. | |
accountant has waged a one-man campaign for tighter tax dodging | :05:02. | :05:08. | |
laws. These people are earning figures of �15-�20 million a year. | :05:08. | :05:12. | |
Who are they? They could be footballers, they could be bankers, | :05:12. | :05:16. | |
they could be the directors of FTSE 100 companies, they are that sort | :05:16. | :05:20. | |
of catagory of people. Or else it is inherited wealth. How do they do | :05:20. | :05:25. | |
it? A number of ways. The biggest, perhaps, is to have enormous | :05:25. | :05:29. | |
portfolios of buy-to-let property. They go and buy lots of houses, | :05:29. | :05:32. | |
which they are letting, and they mortgage the whole lot, to the hilt, | :05:32. | :05:38. | |
and so all of that portfolio of property, massive amount of rental | :05:38. | :05:42. | |
income, is basically cancelled by the interest on the mortgages, we | :05:42. | :05:46. | |
are subsidising their creation of a wealth portfolio. What else? They | :05:46. | :05:50. | |
are borrowing, personally, and lending the money to their company. | :05:50. | :05:54. | |
What else are they doing? They are paying money to charities, quite | :05:54. | :05:58. | |
often that charity will be something that they control. It | :05:58. | :06:02. | |
might even own their Owen company, which will then pass on from -- own | :06:02. | :06:08. | |
their own company, which will then pass on from generation to | :06:08. | :06:15. | |
generation. Osborne says he's shocked, having viewed these | :06:15. | :06:18. | |
anonymous tax records, how shocked would you be if you could see them? | :06:18. | :06:22. | |
Not at all shocked, I would say that's normal, that is what I would | :06:22. | :06:28. | |
expect. I warned in 2008 that the tax gap was maybe �12 billion from | :06:28. | :06:33. | |
individuals in the UK. The revenue have said for years it is �1.5 | :06:33. | :06:38. | |
billion, mass mum, that is utterly implausible, now they are saying 20 | :06:38. | :06:42. | |
people make up just 10% of their total tax gap. Shows how daft their | :06:42. | :06:46. | |
estimate has been. To recap, to avoid tax on the scale of a | :06:46. | :06:49. | |
superyacht, you have to give your money to your family, make a loss | :06:49. | :06:54. | |
on some of your businesses, buy lots of houses and rent them out, | :06:54. | :07:01. | |
and give a lot of money to charity. Hold on a minute, aren't some of | :07:01. | :07:05. | |
these tax dodges actually useful to society, even if they do pull a | :07:05. | :07:10. | |
fast one on the Exchequer. There is a very practical issue here about | :07:10. | :07:15. | |
do you want to try to squeeze the rich as hard as you can to get | :07:15. | :07:18. | |
every penny out of them, or create a climate in which more people | :07:19. | :07:22. | |
become rich, more rich people move to the United Kingdom. If the UK is | :07:22. | :07:26. | |
seen to be extremely bad place for tax reasons for millionaires to | :07:26. | :07:31. | |
live, then you have actually got a revenue problem. | :07:31. | :07:35. | |
The issue of tax avoidance has been rushing at politicians ever since | :07:35. | :07:39. | |
the UK Uncot protest honed in on a controversial deal between | :07:39. | :07:43. | |
Vodaphone and the Inland Revenue. And the row between Ken and Boris | :07:43. | :07:49. | |
has given it added spleen. Which some on the right find unhelpful. | :07:49. | :07:54. | |
I'm also concerned that some of this grandstanding, and screaming | :07:54. | :07:57. | |
about the behaviour of the rich detracts from the actual facts. If | :07:57. | :08:02. | |
we were to look at the top 1% of earners in the United Kingdom, that | :08:02. | :08:08. | |
top 1% of earners earn about 12% of all income in the UK, and | :08:08. | :08:12. | |
contribute about 28% of all income tax. | :08:12. | :08:15. | |
We should be applauding this top 1%, they are providing the schools and | :08:15. | :08:25. | |
:08:25. | :08:26. | ||
hospitals that the rest of us use. On Budget Day, the argument for | :08:26. | :08:31. | |
cutting the top rate of tax to 45p was that you just can't collect tax | :08:31. | :08:36. | |
from the rich beyond a certain tax rate. Now, it seems, if you use | :08:36. | :08:42. | |
brute force, you can. To discuss these issues we have the | :08:42. | :08:46. | |
Conservative MP, Penny Mordaunt, form charity activist herself, the | :08:46. | :08:51. | |
trade unionists, economist, Nicola Smith, Christine Ross from the | :08:51. | :08:56. | |
private bank, and Sir Stephen Bubb, head of the Voluntary Organisations | :08:56. | :09:01. | |
and chief executive there. You are surely not surprised that rich | :09:01. | :09:04. | |
people can afford good accountants? We want people to give to charity, | :09:04. | :09:10. | |
and in an efficient way. What is happening is aggressive avoidance. | :09:10. | :09:15. | |
You are as surprised as George Osborne is? It does beg the | :09:15. | :09:18. | |
question where have these tax returns been, in a drawer somewhere | :09:18. | :09:21. | |
in the Treasury. It is a question of where the Chancellor of the | :09:21. | :09:23. | |
Exchequer has been too isn't it? is an issue the coalition | :09:23. | :09:29. | |
Government have tackled from the off. They have put �900 million | :09:29. | :09:36. | |
into addressing tax avoidance and evasion, yielding �7 billion by | :09:36. | :09:42. | |
2014. More needs to be done. And what will be introduced in the tax | :09:42. | :09:48. | |
bill next year, is an anti- avoidance rule. Nothing illegal has | :09:48. | :09:53. | |
taken place? The TUC has been worried that �13.8 billion a year | :09:53. | :09:57. | |
is being lost in tax avoidance in the UK. Our worry is, when we have | :09:57. | :10:00. | |
had lots of warm words from the Chancellor today, about the need to | :10:00. | :10:05. | |
tackle the tax gap, we haven't had much action. I say again, nothing | :10:05. | :10:12. | |
illegal has happened? Absolutely, but tax avoidance, whereby people, | :10:12. | :10:14. | |
use legitimate loopholes to avoid paying tax rates that parliament | :10:14. | :10:19. | |
would have intended, is not something that this country could | :10:19. | :10:22. | |
currently afford, when we have a large deficit and poorest peoples | :10:22. | :10:26. | |
are paying thousands in tax credits, is not what most people would think | :10:26. | :10:29. | |
is particularly fair. Why is it fair that someone with an income of | :10:29. | :10:33. | |
millions a year is paying a tax rate less than someone on the | :10:33. | :10:36. | |
minimum wage. Answer that question? I completely agree. I can | :10:36. | :10:40. | |
understand why the Chancellor takes the view about everyone wealthy and | :10:40. | :10:43. | |
poor should make a contribution to the running of the country. I | :10:43. | :10:49. | |
absolutely see that. But why should you put charitable giving in that | :10:49. | :10:53. | |
same bracket? Charitable giving, rich people who make donations to | :10:53. | :10:58. | |
charity, are not gaining personally. The whole point of the reliefs is | :10:58. | :11:02. | |
to encourage more giving. For many charities, the health charities, | :11:02. | :11:05. | |
the cancer charities, international development, rely on very big | :11:05. | :11:12. | |
donations to do a lot of their work. If you have a cap, which stops that | :11:12. | :11:17. | |
giving, and the consumate giving, that is damaging society. You know | :11:18. | :11:22. | |
people who give more than �50,000 or a quarter of their salary? | :11:22. | :11:27. | |
Absolutely. We know that. And actually, what's happened since, | :11:27. | :11:32. | |
this was a bombshell for charities, what's happened is, since then, the | :11:32. | :11:36. | |
big charities, many of the done nars that we know have been -- | :11:37. | :11:40. | |
donors we know have been saying this will affect giving now and in | :11:40. | :11:48. | |
the future. Giving you an example, the cancer charities, I took the | :11:48. | :11:55. | |
leaders of Macmillan Cancer Care and Cancer Research to see the | :11:55. | :12:00. | |
minister, and they said for their big projects, the cancer institutes, | :12:00. | :12:06. | |
80% would come from rich donors and 20% from general fundraising. | :12:06. | :12:11. | |
Anything that hits the potential for wealthy people to give | :12:11. | :12:14. | |
generously is damage to go charities. How does it look from | :12:14. | :12:18. | |
where you are, you look after a lot of wealthy people's money? People | :12:18. | :12:21. | |
plan and people are allowed to plan, we are talking about avoidance that | :12:21. | :12:27. | |
is legitimate. The Chancellor himself said in the quote today in | :12:27. | :12:33. | |
the Tell knows are the rules. Everyone -- The Telegraph, those | :12:33. | :12:37. | |
are the rules. Everyone knows it is legal, but what effect will the | :12:37. | :12:41. | |
change have? It will help people come to decisions about how to | :12:41. | :12:47. | |
invest. Some of the ail veil bltd is riskier businesses, start-up | :12:47. | :12:51. | |
businesses, if there is a loss, the rules say you can write that off | :12:51. | :12:54. | |
against your income that year. That could be perhaps write off | :12:54. | :12:58. | |
someone's total income, they have made a loss, they invested in | :12:58. | :13:02. | |
something riskier, that helps to fuel the economy overall. You would | :13:02. | :13:05. | |
accept as a woman of the world, that some people buy these | :13:05. | :13:09. | |
businesss to write off tax? sure some people do, I wouldn't | :13:09. | :13:13. | |
deny that. There might even be some charities that control things that | :13:13. | :13:19. | |
are in the interests of those people who are seeking to put money | :13:19. | :13:22. | |
away rather than paying tax? would find that difficult to | :13:22. | :13:26. | |
believe. In which case they are acting fraudulently. Charity law, | :13:26. | :13:30. | |
there is law that governs charities, they have to act for public benefit. | :13:30. | :13:33. | |
This was the most remarkable in the justification by the Prime | :13:33. | :13:35. | |
Minister's spokesman today, he said some of these charities didn't seem | :13:35. | :13:40. | |
to be doing a lot of charitable activity, that is a matter for the | :13:40. | :13:44. | |
Charity Commissioners isn't it? haven't seen the case studies that, | :13:45. | :13:50. | |
none of us have. Unfortunately none of us has been allowed to, we have | :13:50. | :13:53. | |
been told what the statement is? you are a major donor, and you are | :13:53. | :13:59. | |
giving money now, you are making a loss. This is about encouraging | :13:59. | :14:05. | |
donations. What we have got to be careful of, and Stephen is right, | :14:05. | :14:08. | |
the cases that Stephen has raised are people worried about the | :14:08. | :14:12. | |
uncertainty, it is not the policy. This is the Prime Minister's | :14:12. | :14:17. | |
spokesman telling us that charities are behaving, by implication, | :14:17. | :14:25. | |
uncharityably, dishonestly perhaps? -- unchairably? He didn't say all | :14:25. | :14:29. | |
were doing that. He said some? have to be careful to get the | :14:29. | :14:35. | |
message across to people who are genuine philanthropists and givers, | :14:35. | :14:39. | |
that they should continue to do that. It is cracking down on people | :14:39. | :14:43. | |
abusing the system. By giving a lot of money to charity, how are they | :14:43. | :14:47. | |
abusing them? You don't know, you are guessing? I could speculate, it | :14:47. | :14:50. | |
could be a corporation that has a charitable arm, that is using it to | :14:50. | :14:54. | |
avoid national insurance contributions. Apparently these | :14:54. | :14:58. | |
were individuals? It could be an individual who has a large business | :14:58. | :15:02. | |
empire. I don't know the cases that these are referring to, clearly | :15:02. | :15:06. | |
there are people who are very, very wealthy, and using this as part of | :15:06. | :15:10. | |
a mechanism for paying no tax. That has got to be wrong. What we have | :15:10. | :15:16. | |
got to do is tackle that, but we have to reassure genuine donors, as | :15:16. | :15:19. | |
Stephen has said, that they can still carry on giving, and we need | :15:19. | :15:22. | |
to provide the certainty, we need to provide the information for them | :15:22. | :15:26. | |
to carry on doing that. The problem with what happened today, and it is | :15:26. | :15:30. | |
a real shame, suggesting that there are some fraudulent charities, and | :15:31. | :15:34. | |
actually not naming them, I mean, if the Prime Minister's spokesman | :15:34. | :15:39. | |
wants to give me the names of these charities, I will give them to the | :15:39. | :15:42. | |
Charity Commission and they will be investigated and deregistered. | :15:42. | :15:47. | |
won't give them to you? I'm sure that's right. The wider issue we | :15:47. | :15:51. | |
have to keep a focus on, is the level of tax relief people in the | :15:51. | :15:56. | |
top 1% have access to. Our analysis is people earning over �150,000 a | :15:56. | :16:02. | |
year, have the equivalent of �15,000 in charitable donations | :16:02. | :16:06. | |
tax-free, that is more than some people in the private sector earn. | :16:06. | :16:09. | |
What is wrong with an individual who has earned money, deciding that | :16:09. | :16:12. | |
they would rather give it to a charity than have George Osborne | :16:12. | :16:22. | |
:16:22. | :16:23. | ||
decide to spend it on whatever the equivalent of the hot -- cones hot- | :16:23. | :16:27. | |
line is? The individual's decision, what they do with the money they | :16:28. | :16:30. | |
have earned, it goes to a common good, one way or another? | :16:30. | :16:34. | |
Individuals have a right to do whatever they want. Not according | :16:34. | :16:38. | |
to to you? Across the income speck trem people have the right to do | :16:38. | :16:42. | |
what they want to do with the money once they have paid the tax | :16:42. | :16:46. | |
parliament intends them to pavement that is true for all of us. We all | :16:46. | :16:50. | |
pay a certain amount of tax to allow our public services to exist, | :16:50. | :16:53. | |
hospitals and schools, beyond that people are allowed to do whatever | :16:53. | :16:56. | |
they want with their income. We are arguing that people should pay a | :16:56. | :17:02. | |
fair rate of tax, and at the time when the public finances are under | :17:02. | :17:06. | |
strain. You haven't said what was wrong with the principle of | :17:06. | :17:10. | |
somebody deciding what to do with their own money rather than George | :17:10. | :17:15. | |
Osborne? People have the right to decide what to do with their money | :17:15. | :17:20. | |
after they have made a legitimate rate of tax, by parliament, 40-50%. | :17:20. | :17:25. | |
Let's look in a slightly broader context, what are your clients | :17:25. | :17:28. | |
thinking about this country when they see these sorts of measures, | :17:28. | :17:31. | |
alorpbg with the other measures in the budget? -- along with the other | :17:31. | :17:35. | |
measures in the budget? I think there is huge relief the 50% rate | :17:36. | :17:40. | |
is going. We knew it wouldn't collect the amount of tax it was | :17:41. | :17:43. | |
intended to, it is just a psychological tipping point. Let's | :17:43. | :17:49. | |
leave the question of whether it works or not aside, I'm asking what | :17:49. | :17:52. | |
your clients think? They think there is an awful lot of tax. Most | :17:52. | :17:55. | |
people aren't leaving, it is heavy, they are counting all the different | :17:55. | :17:59. | |
taxes they pay. I think what will start to happen, contrary to what | :17:59. | :18:03. | |
we are seeing now, in the same budget a few weeks ago, we saw a | :18:03. | :18:06. | |
doubling of the Enterprise Investment Scheme, permissible | :18:06. | :18:11. | |
investment. It was �500,000, now it is �1 million a year, there is | :18:11. | :18:13. | |
healthy tax relief there, to sit that against the restriction on | :18:13. | :18:17. | |
relief, it is saying to people if you guide your money this way you | :18:17. | :18:21. | |
can have the reliefs, if you are having interest relief and trading | :18:21. | :18:24. | |
loss relief, you can't have that. There are still reliefs for the | :18:24. | :18:27. | |
people to use, but the Government is guiding them to particular areas. | :18:27. | :18:31. | |
It is very, very hard to quite get a handle on this Government, it | :18:31. | :18:35. | |
says it is business friendly and wants to encourage enterprise and | :18:35. | :18:39. | |
wealth generation and all the other things it trots out, and yet acts | :18:39. | :18:43. | |
like this against the interests of people likely to do that? We have | :18:43. | :18:47. | |
to have much more clarity in the tax system. I think what I want to | :18:47. | :18:51. | |
ensure is that bad communications don't get in the way of good policy | :18:51. | :18:55. | |
S just to pick up on the point. That is precisely what we have got, | :18:55. | :18:59. | |
we don't know any facts, we just know that the Chancellor of the | :18:59. | :19:02. | |
Exchequer is apparently astonished that rich people have God | :19:02. | :19:06. | |
accountants? I think what we do -- good accountants? I think what we | :19:06. | :19:11. | |
do need to do, to bring it back to the charity point. There is lots of | :19:11. | :19:15. | |
announcements in previous budgets to support high-value donors, | :19:15. | :19:20. | |
leaving money in there as an inheritance and offsetting against | :19:20. | :19:24. | |
inheritance tax, leaving it in the wills. But the charity sector wants | :19:24. | :19:28. | |
there to be supported, a much broader way of giving. Charities, I | :19:28. | :19:33. | |
know as a former charity director, we want to get our mits on money, | :19:33. | :19:37. | |
not just in legacies, but also through the course of their life. | :19:37. | :19:43. | |
What we are looking for, I think, is more clarity, from the Treasury, | :19:43. | :19:47. | |
about the whole range of ways that people can give. And not just | :19:47. | :19:51. | |
pushing them, as Christine says, into one particular direction. | :19:51. | :19:54. | |
are sit anything the corner grunting, not just because you are | :19:54. | :19:58. | |
the only male in this discussion, perhaps there were other reasons, | :19:58. | :20:01. | |
why were you grunting, what was your point? What I kind exorderry I | :20:01. | :20:06. | |
began by thinking that they had -- extraordinary, I began by thinking | :20:06. | :20:10. | |
they made an honest mistake by including charity donations in the | :20:10. | :20:15. | |
cap. It is beginning to looks a though that is not a mistake. It is | :20:15. | :20:20. | |
deliberate. It runs counter to the Government's stated aim to | :20:20. | :20:24. | |
encourage giving. Up until the budget, they had introduced | :20:24. | :20:28. | |
measures to encourage giving, there was a giving White Paper, which was | :20:28. | :20:32. | |
aimed at getting richer people to make a bigger contribution to | :20:32. | :20:37. | |
society. And so, why, I don't understand why they have introduced | :20:37. | :20:42. | |
a measure which will discourage that giving from philanthropists. | :20:42. | :20:46. | |
Do you disagree with the basic principle that there is something | :20:46. | :20:51. | |
healthy for a society, in trying to attract people who are likely to | :20:51. | :20:54. | |
create businesses and generate wealth? Absolutely not. There is no | :20:54. | :21:00. | |
evidence at all that the tax regime we currently have in the UK is | :21:00. | :21:02. | |
having anything like that effect. Rich people in this country have | :21:02. | :21:07. | |
seen their incomes go up by 56% over the last decade, that is far | :21:07. | :21:12. | |
faster than anyone else. Even over the recession, the incomes of the | :21:12. | :21:17. | |
top 1% rose by 13%, per hour worked. The rich in this country are doing | :21:17. | :21:22. | |
better than they have done before, they can afford to make a better | :21:22. | :21:27. | |
contribution to our public finances. The richest 10% of this country | :21:27. | :21:31. | |
earn 100% more of the wealth of those at the bottom 10%. The wealth | :21:31. | :21:35. | |
inequalities we have got, are comparable with those we saw over | :21:35. | :21:39. | |
100 years ago. People at the top are doing extremely well, those at | :21:39. | :21:44. | |
the bottom are being hard pressed by the cuts. You concede we haven't | :21:45. | :21:49. | |
seen any real measures likely to significantly deter people from | :21:49. | :21:52. | |
moving here and investing here? can't say who is not coming or say | :21:52. | :21:57. | |
we have seen a mass exodus. We know firms are setting up businesses | :21:57. | :22:03. | |
abroad. We can't see who hasn't arrived. I haven't seen a mass | :22:03. | :22:06. | |
exodus, but at the same time I don't think, we have always allowed | :22:06. | :22:12. | |
people to plan, to plan sensibly. What will solve this is the general | :22:13. | :22:16. | |
anti-avoidance rule for next year. That will deal with abusive schemes. | :22:16. | :22:21. | |
What we have now is interest on buy-to-let properties. When we know | :22:22. | :22:26. | |
that we will reconvene. At last we know who Barack Obama | :22:26. | :22:30. | |
will face in the race to become the most powerful man on earth. It will | :22:30. | :22:37. | |
be the multi-millionaire and one- time Morman missionary, Mitt Romney. | :22:37. | :22:41. | |
His opponent, long a long way behind, was until today, Rick | :22:41. | :22:48. | |
Santorum, the enemy of gay marriage, abortion and climate change. He | :22:48. | :22:53. | |
threw in the towel today. The podium with the uncontentious | :22:53. | :22:58. | |
slogan, the flag the size of the tennis court, and the family | :22:58. | :23:01. | |
assembling. It can only be American presidential politics. And today's | :23:01. | :23:06. | |
big news, well, what everyone was predicting was going to happen, has, | :23:06. | :23:10. | |
in fact, happened. We made a decision over the weekend, that, | :23:10. | :23:15. | |
while this presidential race for us is over, for me, and we will | :23:15. | :23:23. | |
suspend our campaign effective today, we are not done nighting. | :23:23. | :23:27. | |
Rick Santorum was running a poor second in the race to become the | :23:28. | :23:31. | |
Republican nominee, he has then decided to bow out. But, as is | :23:31. | :23:35. | |
traditional on these occasions, he shall not, he says, be giving up | :23:35. | :23:38. | |
the fight for the future of America. We are going to continue to go out | :23:38. | :23:43. | |
there and fight to make sure that we defeat President Barack Obama, | :23:43. | :23:48. | |
that we win the House back, and that we take the United States | :23:48. | :23:52. | |
Senate and we stand for the values that make us Americans, that make | :23:52. | :23:55. | |
us the greatest country in the history of the world, that shining | :23:55. | :24:00. | |
city on the hill. To be a beacon for everybody for freedom around | :24:00. | :24:05. | |
the world. Thank you all very much, God bless you. | :24:05. | :24:08. | |
Rick Santorum is a social Conservative, with the kind of | :24:08. | :24:12. | |
religious views that appeal to many Republicans. His problem, though, | :24:12. | :24:16. | |
was there weren't enough of those voters to secure him the nomination. | :24:16. | :24:20. | |
Plus, he couldn't compete with his rival's money or organisation. So, | :24:20. | :24:25. | |
we can now be more or less certain that the Republican candidate, who | :24:25. | :24:27. | |
will face Barack Obama in November's election, will be this | :24:27. | :24:31. | |
man, Mitt Romney. Although, two other candidates are | :24:31. | :24:36. | |
still in the race, they pose a negligible threat. Romney's firing | :24:36. | :24:41. | |
his mud at Rick Santorum...Today's News should have a big imtact on | :24:41. | :24:45. | |
the tone of this contest. We -- impact on the tone of this contest. | :24:45. | :24:52. | |
We should see the end of negative ads of someone candidate attacking | :24:52. | :24:56. | |
another, they can save their money for the attack on the democrats, | :24:56. | :24:59. | |
and Mitt Romney can stop worrying about the right flank and nipping | :24:59. | :25:04. | |
away of support. He can concentrate instead on trying to appeal to | :25:04. | :25:10. | |
voters in the centre, especially women, whom he needs to connect | :25:10. | :25:15. | |
with if he wants to become President. There is a struggle | :25:15. | :25:19. | |
within the Republican Party over who is best equipped to lead the | :25:19. | :25:23. | |
party in a next general election. Mitt Romney, the slightly more | :25:23. | :25:26. | |
moderate candidate on most issues won this time around, he still has | :25:26. | :25:30. | |
some fences to mend with the conservative base, by and large he | :25:30. | :25:34. | |
has not been as damaged as he might have been. One encouraging sign for | :25:35. | :25:38. | |
the Republicans, although they trail the President on who voters | :25:38. | :25:42. | |
tell pollsters they would vote for, Mitt Romney has a small lead on who | :25:42. | :25:47. | |
would be best for the economy. I think the White House may be a | :25:47. | :25:50. | |
little overconfident at the moment. They see all these things trend | :25:50. | :25:55. | |
anything their direction, but, not only has the Dow been down for the | :25:56. | :25:59. | |
last five days in a row, but the unemployment numbers weren't as God | :25:59. | :26:03. | |
as they might have been, and have been in the last three months. | :26:03. | :26:08. | |
Democrats are celebrating a little early, Mitt Romney won't be an easy | :26:08. | :26:12. | |
candidate to beat. Now it is time for the Republicans to start | :26:12. | :26:18. | |
building, rather than tearing each other to pieces. | :26:18. | :26:25. | |
I'm joined in Washington by the White House correspondent for | :26:25. | :26:27. | |
Newsweek, Daniel Stone, and also the former member of President | :26:27. | :26:31. | |
Bush's senior staff, Brad Blakeman. What do you think Rick Santorum has | :26:31. | :26:36. | |
done to the presidential campaign? He has certainly brought to life | :26:36. | :26:39. | |
the important issues that are important in the primary process, | :26:39. | :26:43. | |
as well as the electoral process. Remember in America you must be | :26:43. | :26:46. | |
selected by your party before you are elected by the people. Rick | :26:46. | :26:50. | |
Santorum was an effective voice, but now he certainly doesn't have a | :26:50. | :26:53. | |
chance to be nominated. He needs now to do good for the party. The | :26:53. | :26:58. | |
way he can do that is work hard for the House and the Senate, and to | :26:58. | :27:02. | |
get Romney, not only selected, but also elected in the fall. I think | :27:02. | :27:08. | |
he can do that. What do you think he has done to Romney's campaign? | :27:08. | :27:12. | |
Right now there isn't much that he has done to help it. It remains to | :27:12. | :27:17. | |
be seen how he can add value to this campaign, now that he's not in | :27:17. | :27:21. | |
contention for the nomination. me bring in Daniel Stone here, how | :27:21. | :27:25. | |
does it look to you what Rick Santorum has done to the Republican | :27:25. | :27:30. | |
campaign? It is remarkable, if you look at what this man has done. | :27:30. | :27:34. | |
This was someone who was rebuked from his Senate seat in 2006, | :27:34. | :27:39. | |
essentially fired by the people of Pennsylvania, his state, to become | :27:39. | :27:42. | |
one of the most domnaint voices in the campaign over the last two | :27:42. | :27:46. | |
months. He set the tone of this debate, he forced Mr Romney to tack | :27:46. | :27:50. | |
towards the right. To really contend with him on social issues, | :27:50. | :27:56. | |
on real fiscal conservative issues over the past couple of months, | :27:56. | :28:00. | |
where as we know Mitt Romney has been a more conservative candidate | :28:00. | :28:05. | |
and we can expect that in the next coming months. Looking ahead to the | :28:05. | :28:09. | |
presidential campaign and how it will play out, what are the big | :28:09. | :28:13. | |
issues, now we know there the two Titanic figures in it? What will | :28:13. | :28:18. | |
happen now is, we have to lock up the nomination and get the 144 | :28:18. | :28:23. | |
delegates to put Romney over the top. -- 1144 delegates to put | :28:23. | :28:28. | |
Romney over the state. Then we need the states to when the general | :28:28. | :28:33. | |
election. Places like Wisconsin and New Hampshire, in order for Romney | :28:33. | :28:36. | |
to be successful and become President, we are only talking | :28:36. | :28:39. | |
about eight or nine states that will actually determine the | :28:39. | :28:44. | |
presidency in 2012. What do you think will be the big | :28:44. | :28:51. | |
battleground between the two men? Those battleground and swing states, | :28:51. | :28:54. | |
they are the only place that it matters. We know Republicans and | :28:54. | :28:59. | |
Conservatives will vote for whoever the nominee is, likely Mitt Romney, | :28:59. | :29:01. | |
Democrats and liberal also go for President Obama. It is those folks | :29:01. | :29:05. | |
in the middle that will be the only one who is matter over the next few | :29:05. | :29:08. | |
months. As you see both candidates moving towards the middle, you hear | :29:08. | :29:12. | |
both of their messages sort of converging, on issues like the | :29:12. | :29:15. | |
economy and foreign policy, they are going to be singing the same | :29:15. | :29:19. | |
tune. They want to go after the same voters. Those are the only | :29:19. | :29:24. | |
ones that will matter. There is one figure we have forgotten in all | :29:24. | :29:28. | |
this conversation, I have forgotten, it is Newt Gingrich, he's still | :29:28. | :29:33. | |
there somewhere, there abouts? still in this race, and he wants to | :29:33. | :29:37. | |
maintain a voice in this campaign. I mean, look, Newt Gingrich has | :29:37. | :29:41. | |
been an influential person in the past. He has been function in this | :29:41. | :29:45. | |
campaign. He has slowly petered off, he knows as soon as he leaves this | :29:45. | :29:48. | |
campaign, as soon as he suspends his campaign, he will no longer be | :29:48. | :29:52. | |
able to get media coverage. He won't be able to influence his | :29:52. | :29:56. | |
supporters at this point. I think he's staying in until he can find | :29:56. | :30:00. | |
an acceptable exit strategy. Brad Blakeman, the question also, | :30:00. | :30:04. | |
the vexed question of which one appeals to the women voters? | :30:04. | :30:07. | |
Clearly Obama has much more leverage with female voters than | :30:07. | :30:13. | |
Mitt Romney does, is that right? That's true, but this too shall | :30:13. | :30:18. | |
change, as the men go head-to-head against each other, we have yet to | :30:18. | :30:22. | |
determine who Romney will pick as a VP which could help in that regard. | :30:22. | :30:26. | |
The jury is out as to whether or not women are going to stick with | :30:26. | :30:29. | |
Obama in light of his record and the economy, which has affected | :30:29. | :30:34. | |
women just as much as men. How do you read it Daniel Stone? | :30:34. | :30:38. | |
have six months at the very least to go before this election, which | :30:38. | :30:42. | |
is a lifetime in politics. The situation now certainly women | :30:42. | :30:46. | |
favour the President more than Mitt Romney. Anything can happen, many | :30:46. | :30:49. | |
things can change, most significantly the economy. I think | :30:49. | :30:54. | |
that's the thing more than any age or gender or class demographics. | :30:54. | :31:01. | |
That will matter most. It was the outcome the cynics | :31:01. | :31:04. | |
predicted and peace makers feared, the deadline for President Assad's | :31:04. | :31:07. | |
troops to stop attacking civilians came and went today. | :31:07. | :31:12. | |
With no let up in the killing, the former secretary-general of the | :31:12. | :31:16. | |
United Nations, Kofi Annan, says he still hopes that peace may fall the | :31:16. | :31:22. | |
day after tomorrow. Opposition leaders fear it may now be too late. | :31:22. | :31:27. | |
This was supposed to be the day the guns fell silent, what happened? | :31:27. | :31:29. | |
is difficult to get the full picture of what is going Onyango | :31:29. | :31:34. | |
the ground in Syria. Syria claims it is complying, and Kofi Annan has | :31:34. | :31:38. | |
said that troops have been withdrawn from some areas, he has | :31:38. | :31:44. | |
also said that appears to be only a repositioning of forces. He says | :31:44. | :31:48. | |
there is credible reports of rolling military operations in | :31:48. | :31:51. | |
population centres. According to opposition activists, Government | :31:51. | :31:58. | |
troops have moved into new areas. That appears to be the case in Homs. | :31:58. | :32:03. | |
We have heard so much about that, a centre of resistance to the regime. | :32:03. | :32:07. | |
Activists have given accounts of shelling in the districts of Bayada, | :32:07. | :32:10. | |
and also in the district of Khalidiya, which we are just seeing | :32:10. | :32:20. | |
:32:20. | :32:22. | ||
up there on the map. Glk These are the latest pictures, we are told, | :32:23. | :32:27. | |
of Homs, we can't verify them. Activists say dozens of people have | :32:27. | :32:32. | |
been killed there, and reports of some of the discoveries of bodies, | :32:32. | :32:36. | |
including two families. Hear you can hear people cursing the regime | :32:36. | :32:41. | |
of Bashar al-Assad, you can hear them crying out "God is great". | :32:41. | :32:45. | |
Tanks still here in populated areas. And still, as you can see and hear, | :32:45. | :32:49. | |
actually firing. The violence has not been confined to Homs. There | :32:49. | :32:56. | |
are reports of attacks in deaths of the town of Hama, Deraa, Idlib in | :32:56. | :32:59. | |
the north, and the Government claims it has lost men too. And all | :32:59. | :33:03. | |
this on the day we were supposed to see the beginning of the end of the | :33:03. | :33:08. | |
fighting. Where does this leave Kofi Annan's supposed peace plan? | :33:08. | :33:15. | |
He's been visiting Syrian refugees on a camp on the Sir January- | :33:15. | :33:18. | |
Turkish border today -- Syrian- Turkish border today, he has been | :33:18. | :33:22. | |
trying to sound upbeat. The plan calls for the Government to | :33:22. | :33:27. | |
withdraw troops and heavy weapons, such as tanks, from populated areas. | :33:27. | :33:30. | |
They were supposed to do that by today. That hasn't happened. In the | :33:30. | :33:34. | |
next 48 hours, the ceasefire was supposed to be implemented on the | :33:34. | :33:38. | |
ground. With the onus on the opposition to follow the | :33:38. | :33:43. | |
Government's lead. And then, by 6.00am on Thursday, all forms of | :33:43. | :33:49. | |
violence by all sides is supposed to have stopped. Well Kofi Annan is | :33:49. | :33:53. | |
clearly extremely frustrated with the Syrian regime, he insists his | :33:53. | :33:57. | |
plan is not dead yet. The plan is still on the table, and it is a | :33:57. | :34:03. | |
plan we are all fighting to implement. It is a plan that | :34:03. | :34:06. | |
council has endorsed and the Syrians have endorsed, and from the | :34:06. | :34:10. | |
comments made by the opposition, they are also prepared to go along | :34:10. | :34:14. | |
with it, if the Government makes commitments to pull the troops out. | :34:14. | :34:22. | |
I think the plan is very much alive. If you want to take it off the | :34:22. | :34:24. | |
table, what would you replace it with. | :34:24. | :34:28. | |
That is exactly the problem. The international community really | :34:28. | :34:34. | |
doesn't have anything else up its sleeve to end the fighting. What | :34:34. | :34:38. | |
next? Andrew Green was the British ambassador to Syria, and has | :34:38. | :34:43. | |
maintained a close interest in the country since. Do you think that | :34:43. | :34:48. | |
President Assad's likely to accept Kofi Annan's plan? Not a snowball's. | :34:48. | :34:51. | |
It is absolutely clear that the regime have decided they don't want | :34:52. | :34:55. | |
a ceasefire. They have made a calculation, their calculation is | :34:55. | :34:57. | |
that if there is a ceasefire it will help the opposition. And on | :34:58. | :35:02. | |
the other hand, they think that they can continue to crush them. | :35:02. | :35:05. | |
Brave though they are, the regime think they can crush them. Doesn't | :35:05. | :35:12. | |
he care what the rest of the world thinks? No. Why not? Because his | :35:12. | :35:17. | |
own survival, and the survival of his clan and his power, indeed his | :35:17. | :35:20. | |
actual survival, depends on staying in power. There was a theory, at | :35:20. | :35:24. | |
one point, that perhaps he basically was a decent guy, and he | :35:24. | :35:28. | |
was a prisoner of all the security apparatus, the generals and the | :35:28. | :35:33. | |
other around him, that your belief? Not entirely. I mean he has never | :35:33. | :35:36. | |
run the country in the way his father did. He has always been a | :35:36. | :35:40. | |
figurehead, and the real power has been with those who run the six | :35:40. | :35:43. | |
Intelligence Services and the key military units. He has always been | :35:43. | :35:47. | |
a figurehead, he has never had decisive power. I think nonetheless | :35:47. | :35:51. | |
he made some serious mistakes. I think when this whole thing started | :35:51. | :35:56. | |
he should have been much quicker in meeting the new situation. But he's | :35:56. | :36:01. | |
not the key figure, the key figure is the generals who lie behind this | :36:01. | :36:05. | |
regime. Given the position he's in now, if you think there is no | :36:05. | :36:09. | |
chance of his accepting any kind of ceasefire plan, it's a struggle to | :36:09. | :36:16. | |
the death isn't in? Yes, I'm afraid has exactly the situation. They | :36:16. | :36:18. | |
know if they lose power they will lose their lives. And they will, | :36:18. | :36:22. | |
therefore, continue to crush the opposition for as long as the army | :36:22. | :36:27. | |
remains loyal. Now part of that army are from their own clique, the | :36:27. | :36:32. | |
Alawites, part of them are Sunnis. But you see, even the Sunnis in the | :36:32. | :36:38. | |
army now have a lot of blood on their hands. They must hesitate | :36:38. | :36:42. | |
before they could contemplate a change of regime in Syria. It is | :36:42. | :36:47. | |
going to have a violent end, then? I'm afraid that we are on a | :36:47. | :36:52. | |
slippery slope towards civil war. And one that could indeed spread to | :36:52. | :36:56. | |
Lebanon and perhaps Iraq. It is interesting, isn't it, when you see, | :36:56. | :37:00. | |
I don't know, were you ambassador at the time when Jack Straw went | :37:00. | :37:04. | |
there, he was just after you? was later, yes. When you remember | :37:04. | :37:08. | |
those pictures, there clearly was a time when western Governments | :37:08. | :37:13. | |
thought he was turnable, that he was perhaps a force for good. There | :37:13. | :37:16. | |
was some potential there, was that just a misreading of everything, or | :37:16. | :37:20. | |
what? Not entirely. I think there was a time, and there was some hope | :37:20. | :37:24. | |
that Syria would very gradually change to a lighter regime. And it | :37:24. | :37:29. | |
did, for a period. Years ago, before he came to power, you didn't | :37:29. | :37:32. | |
even discuss politics, because it was too dangerous. After he had | :37:32. | :37:36. | |
been in power about five years, you could discuss politics privately. | :37:36. | :37:41. | |
The deal was that's OK, but you start organising and you're in jail | :37:41. | :37:45. | |
and you will be beaten up. So there was some improvement. What has | :37:45. | :37:48. | |
happened is when the Arab Spring started to take place, which nobody | :37:48. | :37:52. | |
foresaw a year ago. Then their reaction to that, their defensive | :37:52. | :37:55. | |
reaction to that has been absolutely vicious, as you have | :37:55. | :38:01. | |
seen. Do you think, you would have to include yourself among them, the | :38:01. | :38:06. | |
west was niave in characterising Bashar al-Assad as a person who was | :38:06. | :38:10. | |
potentially a force for something other than the repression of his | :38:10. | :38:13. | |
father? No, I don't think so. There was a time when there could have | :38:13. | :38:17. | |
been, and indeed there was, some gradual progress towards a softer | :38:17. | :38:22. | |
regime. They would always want to stay in power, qet is the | :38:22. | :38:28. | |
viciousness that they needed d the question is the viciousness they | :38:28. | :38:34. | |
needed to stay in power, what has changed is the threat tho their | :38:34. | :38:37. | |
continued existence of the -- to their continued existence through | :38:37. | :38:41. | |
the Arab Spring, has caused them to take the stand you see every night | :38:41. | :38:45. | |
on the television. So they have changed? I don't think the people | :38:45. | :38:49. | |
behind him have changed particularly, once threatened they | :38:49. | :38:52. | |
have reacted with unspeakable viciousness. | :38:52. | :38:57. | |
Thank you. Now, in youth culture, nothing | :38:57. | :39:02. | |
succeeds like excess, from Elvis to Eminem, singers have grown rich by | :39:02. | :39:07. | |
scandalising their elders to sell music to their children. The latest | :39:07. | :39:13. | |
development from a gang of Los Angeles rappers called Oddie, or as | :39:13. | :39:18. | |
their aunties know them, Oddie, is slight low different. They are | :39:18. | :39:22. | |
gaifg their and I way their music and -- giving away their music and | :39:22. | :39:30. | |
charging large amounts for merchandise. Is this the future of | :39:30. | :39:37. | |
rock'n'roll? Hundreds of teenagers, forming an orderly queue, in order | :39:37. | :39:46. | |
to go shopping. Maybe this is the future of | :39:46. | :39:50. | |
rock'n'roll. Los Angeles rappers, Odd Future, the critics seem to | :39:50. | :39:54. | |
think so. # Excuse the swag | :39:54. | :39:57. | |
# I'm trying to tone it down # I guess we looking like the | :39:57. | :40:05. | |
living dead Perhaps it is a bit of both. | :40:05. | :40:09. | |
These are fans of Odd Future, who are waiting to moat their heros at | :40:09. | :40:13. | |
a defunct store off Brick Lane in East London. | :40:13. | :40:18. | |
For a couple of days only, while the band is in town, it is a pop-up | :40:18. | :40:25. | |
shop, selling their merchandise. What are you selling today? Some | :40:25. | :40:30. | |
jeans? There is a hoodie with my face on it, you should buy that. | :40:30. | :40:36. | |
I did all of these in 24 hours, I did 300 T-shirts in 24 hours. | :40:36. | :40:44. | |
All hand done. What will they be retailing at today? I think it is | :40:44. | :40:50. | |
like �100. Are there any washing instructions here? | :40:50. | :40:54. | |
# We open three hours. Odd Future are in the remarkable | :40:54. | :40:58. | |
position of being a hit band who haven't sold any records, or hardly | :40:58. | :41:03. | |
any. Instead they have given away 20 all comes worth of songs on-line, | :41:03. | :41:09. | |
so the merch, as it is known, is a vital element of their income. You | :41:09. | :41:11. | |
guys are pretty tired, you have been working hard and travelling a | :41:11. | :41:16. | |
lot? We have been doing this every other day, these store openings and | :41:16. | :41:19. | |
we have shows, it's all right though. | :41:19. | :41:25. | |
# To have some type of knowledge # That is one perception | :41:25. | :41:32. | |
# Knowing you own your opponent When they are not hucktering | :41:32. | :41:37. | |
product, they write tracks that don't get played on the radio, | :41:37. | :41:42. | |
their lyrics are too provocative or puerile, depending on what you | :41:42. | :41:45. | |
think. Their young fans, who follow them on-line, seem to like it best | :41:46. | :41:50. | |
about them. They are more aggressive, they | :41:50. | :41:53. | |
don't care what they say, they say anything they feel like, and they | :41:53. | :41:58. | |
get away with it. Why is that appealing to you, would you like to | :41:58. | :42:03. | |
be able to do the same? I have heard a lot worse lyrics. Do you | :42:03. | :42:09. | |
think it is tongue-in-cheek, or do they mean it? They don't mean it. | :42:09. | :42:14. | |
Where do mum and dad think you are now? Geography trip. I'm on a | :42:14. | :42:23. | |
geography trip right now. What are you studying? Urban...Renewal! | :42:23. | :42:27. | |
Rebels or sell-outs, both? We explored the paradoxs of Odd Future | :42:28. | :42:31. | |
on stage before a recent show in London. | :42:31. | :42:39. | |
What about your lyrics? What about them? What are you saying your | :42:39. | :42:46. | |
lyrics? Stuff to piss off old white people like you. I'm sorry, my | :42:46. | :42:52. | |
lyrics aren't offensive. Some people find them offensive? Some | :42:53. | :42:58. | |
people find everything offensive. OK. What about this hard sell you | :42:58. | :43:02. | |
do with your merchandise, we were in that shop yesterday, you had | :43:02. | :43:07. | |
kids queuing up since 4.00am, they couldn't take a picture of you, did | :43:07. | :43:13. | |
you know that? They couldn't? Yes they could. I thought you had guys | :43:13. | :43:20. | |
saying don't take any pictures? I don't care. He's just a hard ass, | :43:20. | :43:24. | |
we take pictures with most of the kids in the shop. Some want four | :43:24. | :43:29. | |
pictures and nine autographs. does the pop-up shop work, is the | :43:29. | :43:32. | |
idea you can't necessarily make so much money from records? We pop up | :43:32. | :43:38. | |
wherever we at, set up shop, slam, and make our money, and we dip, | :43:38. | :43:42. | |
ain't nobody taking no taxs from us, no cuts. | :43:42. | :43:47. | |
Not paying taxes, that is for rich, British people, do Odd Future pay | :43:47. | :43:56. | |
tax or don't they? 100%. Check your account some day? Anybody can. | :43:56. | :43:59. | |
There is no marketing, it is exposing it at the right place at | :43:59. | :44:05. | |
the right time. When you have kids that are completely themselves, you | :44:05. | :44:09. | |
don't necessarily market it, you take who they are and expose it, it | :44:09. | :44:17. | |
is not like a push. A collectors item clean performance | :44:17. | :44:21. | |
by Odd Future, haven't we been here before. Some say the band are a | :44:21. | :44:31. | |
:44:31. | :44:32. | ||
case of old wine in new bottles. Or maybe that's old dope in new bongs. | :44:32. | :44:37. | |
We have been here throughout rock'n'roll history, it is only | :44:37. | :44:43. | |
since Britpop it has been predicated on this all-ages-welcome | :44:43. | :44:47. | |
philosophy, before that was it was pitting generations against each | :44:47. | :44:55. | |
other. That dates back to Elvis upsetting people. In that sense, | :44:55. | :45:02. | |
yeah, Odd Future exist in a tradition of creating outrage. | :45:02. | :45:07. | |
Tomorrow morning's front pages, the Mail and the Telegraph, to follow | :45:07. | :45:12. | |
in a a second or two, both lead with the story we were covering | :45:12. | :45:14. | |
earlier which is restrictions on the amount of money rich people can | :45:14. | :45:21. | |
give to charities. Other papers, the Times. | :45:21. | :45:25. | |
It leads on news of a fascinating story in China. Paul Mason is here, | :45:25. | :45:31. | |
what is it about? In November, a British businessman, Neil Heywood | :45:31. | :45:35. | |
was found dead in a hotel room in China. Tonight the wife of probably | :45:35. | :45:39. | |
the third most powerful politician in China has been charged with his | :45:39. | :45:46. | |
murder, that third most powerful politician, the boss of the City of | :45:46. | :45:53. | |
Chung ching has been sacked from the Polek Bureau, regard lisence of | :45:53. | :45:56. | |
the rights and wrongs in the murder investigation, we have a power | :45:56. | :46:01. | |
struggle at the very heart of the communist party in the second most | :46:01. | :46:06. | |
powerful country in the world. power struggle which we know about | :46:06. | :46:11. | |
zero? Not much, we can guess. We know for many years there has been | :46:11. | :46:14. | |
two factions in the chuen niece communist party, the pro-market one | :46:14. | :46:19. | |
and the socially democratic one, which is allowed to a called Maoist | :46:19. | :46:25. | |
left, which he's the leading example. What he did was not be | :46:25. | :46:29. | |
part of this faction struggle, he stepped out of the rules. The rules | :46:29. | :46:33. | |
were you never appear over the heads of the party to the masses. | :46:33. | :46:42. | |
He had been appealing to the masses in Chung Ching using rhetoric from | :46:42. | :46:48. | |
the cultural revolution, he had some book stores and websites | :46:48. | :46:52. | |
supporting him, they have closed down. I visited the book store. | :46:52. | :46:56. | |
Anybody who knows about Stalinist purges, this is classic purge, the | :46:56. | :47:00. | |
problem is, we don't know how these things end in the modern world, how | :47:00. | :47:03. | |
do theyend? Thank you very much Paul. Also on the front pages of | :47:03. | :47:07. | |
the FT and elsewhere. That is all from Newsnight tonight, time' told | :47:07. | :47:13. | |
goodies tomorrow at the usual time. -- I'm told goodies tomorrow at the | :47:13. | :47:23. | |
:47:23. | :47:41. | ||
Good evening, a few showers would continue overnight, for many it | :47:41. | :47:45. | |
would be a dry, chilly start for Wednesday morning. As temperatures | :47:45. | :47:51. | |
rise under the largely bright continues, the shower clouds will | :47:51. | :47:55. | |
build, some heavy and thundery. Persistent cloud and rain, it is | :47:56. | :47:59. | |
inland we will start to see heavy and thundery showers develop, | :47:59. | :48:02. | |
particularly from the Pennines, Midlands, eastwards, this is where | :48:02. | :48:08. | |
the focus will be. The winds will be light and slow-moving. | :48:08. | :48:11. | |
Variations in rainfall, across the south west and through western | :48:11. | :48:15. | |
parts of Wales, I fancy very few showers into the afternoon, most | :48:15. | :48:19. | |
staying dry and bright, with longer spells of sunshine by the coast. | :48:19. | :48:22. | |
Temperatures with many 10-14, nice in the sunshine, cool when the | :48:23. | :48:25. | |
showers go through. Scattering of showers through Wales, not the | :48:25. | :48:28. | |
number we saw through Tuesday afternoon. While the showers are | :48:28. | :48:32. | |
possible in Scotland, the-iest will be across central and eastern areas, | :48:32. | :48:36. | |
wintry over the hills as well. Wednesday into Thursday, across | :48:36. | :48:39. | |
northern areas, sunshine and showers mix, but across northern | :48:39. | :48:43. | |
Scotland you can see in Inverness, thicker cloud bringing longer | :48:43. | :48:47. | |
spells of rain. Further south the showers could get heavier Wednesday | :48:47. | :48:50. | |
into Thursday, still very much hit and miss, some places staying | :48:50. | :48:53. |