Browse content similar to 06/09/2012. Check below for episodes and series from the same categories and more!
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Tonight, are the Government's home building plans a solid foundation | :00:12. | :00:17. | |
for growth, or a house of straw? The new planning minister is here | :00:17. | :00:22. | |
to tell us that building new conserve trees is the way out of | :00:22. | :00:29. | |
the recession. The Central Bank fires the gun on the way out of the | :00:29. | :00:32. | |
crisis in the eurozone. Will it hit the target? | :00:32. | :00:40. | |
The way is now open for the ECB to buy unlimited amounts of debt, | :00:40. | :00:43. | |
taking Spain and maybe Italy out of the firing line. With opposition to | :00:43. | :00:47. | |
austerity rising, it will be hard for them to deliver the conditions | :00:47. | :00:51. | |
set, and I have been on the road with the man organising the | :00:51. | :00:55. | |
fightback in Andalucia. TRANSLATION: Another Europe is | :00:55. | :00:59. | |
necessary, a Europe of the people, a Europe of the ones who don't have | :00:59. | :01:06. | |
anything. The unemployed, the poor, people who demand a new reality. | :01:06. | :01:12. | |
will be discussing the morals of the rescue deal. And, on board the | :01:12. | :01:22. | |
:01:22. | :01:29. | ||
Africa express. The train that runs on music, we have access to the | :01:29. | :01:36. | |
African musicians for a magical mystery tour. | :01:36. | :01:41. | |
Good evening, a building bonanza in England, or an urban blight. The | :01:41. | :01:44. | |
Government has announced plans it hopes will build our way out of a | :01:44. | :01:48. | |
recession, ending the need for planning permission for virtually | :01:48. | :01:52. | |
every garage extension, rear extension, basement conversion. The | :01:52. | :01:57. | |
rules will last for three years and are designed to kick start the | :01:57. | :01:59. | |
construction industry, and there by boosting Comet. It is about getting | :01:59. | :02:03. | |
the planners off our back, says the Government. Will every Englishman | :02:03. | :02:08. | |
put a new Tourette or two in his castle. Is this the coalition's | :02:08. | :02:11. | |
really big economic idea. We will hear from the plan minister, Nick | :02:11. | :02:16. | |
Boles, in a moment. Nobody who buys a house now, in the | :02:16. | :02:20. | |
south of England, in London or Oxford or Bournemouth wants to know | :02:20. | :02:25. | |
that the day they bought it, it has gone up by �5,000. This has been | :02:25. | :02:28. | |
called the ripple effect, the delayed overfle of the property | :02:28. | :02:33. | |
boom in the south. One estate agent it was more like a flood tide. | :02:33. | :02:39. | |
one is suggesting we go back to the days of housing boom: In Leeds, | :02:39. | :02:42. | |
estate agents report what they call staggering house price increases | :02:42. | :02:45. | |
over the last six months. There is a lot of confidence now in the | :02:45. | :02:49. | |
economy. That is one of the main reasons, I think people now feel | :02:49. | :02:52. | |
far more confident about moving house, job prospects are better, | :02:52. | :02:57. | |
and the budget, of course, helped the economy. What would David | :02:57. | :03:02. | |
Cameron give to have someone saying that right now. Today the Prime | :03:02. | :03:05. | |
Minister of unveiling the latest part of his plan, to unstick the | :03:05. | :03:09. | |
housing market. The problem with the system at the moment is it is | :03:09. | :03:13. | |
too slow, planning permission takes too long to get. There are too many | :03:13. | :03:16. | |
strings attached. We need to cut through all of that. There are | :03:16. | :03:19. | |
people living in homes with their parents, aged 30. I want them to | :03:19. | :03:24. | |
have a home of their own. Let's get new houses built, let as allow | :03:24. | :03:27. | |
people to extend their houses, so they have a better quality of life. | :03:27. | :03:30. | |
That will help put people to work. All of these things need to be done, | :03:31. | :03:33. | |
that is why we are taking the steps today. For a start, the | :03:33. | :03:36. | |
Government's removing the requirement to build affordable | :03:36. | :03:40. | |
homes in any new developments. That is an attempt to unlock 75,000 | :03:41. | :03:44. | |
homes currently stalled. The Government will also guarantee up | :03:44. | :03:48. | |
to �50 billion worth of major infrastructure and housing projects. | :03:48. | :03:52. | |
And, there will be a major infrastructure fast-track for | :03:52. | :03:55. | |
politically sensitive projects. There by, projects can be approved | :03:55. | :04:01. | |
by planning inspectors, rather than councils. For householders and | :04:01. | :04:05. | |
businesses, some extensions will be exempt from planning permission for | :04:05. | :04:13. | |
a limited period. And there will be a �280 million enlargement for the | :04:13. | :04:20. | |
FirstBuy scheme, to help first time buyers with deposits. Is this the | :04:20. | :04:23. | |
red tape/bureaucracy reducing, some say, we need to get growth. | :04:23. | :04:26. | |
once, a really good supply side measure from the Government. It is | :04:26. | :04:29. | |
a limited measure, it won't change the world. But on the margins, it | :04:29. | :04:32. | |
will help the economy and also the lives of hundreds of thousands of | :04:32. | :04:36. | |
homeowners. Such voices might take heart at the | :04:36. | :04:44. | |
views of the new planning minister, Nick Boles. Back in 2010 he says he | :04:44. | :04:48. | |
doesn't much like planning at all. There comes a question in life, is | :04:48. | :04:53. | |
do you believe that planning works, that clever people, sit anything a | :04:53. | :04:56. | |
rom, can plan how people's communities should develop, or do | :04:56. | :05:00. | |
you believe it can't work. I believe it can't work. David | :05:00. | :05:03. | |
Cameron believes it can't work, Nick Clegg believes it can't work, | :05:03. | :05:07. | |
chaotic, therefore, in our vocabulary, is a good thing. | :05:07. | :05:12. | |
Chaotic is, what our cities are, when we see how people live, where | :05:12. | :05:15. | |
restaurants spring up, where they close down, where people move to, | :05:15. | :05:18. | |
can you predict any of that, would you like to live in a world where | :05:18. | :05:22. | |
you could predict any of that. I certainly wouldn't. But relaxing | :05:22. | :05:25. | |
planning laws isn't necessarily welcome from the people who | :05:25. | :05:30. | |
currently run them. It is ill conceived, we just spent two years | :05:30. | :05:35. | |
going through a whole review of planning policies, and to literally, | :05:35. | :05:39. | |
and only just publish those new national policy planning policy | :05:39. | :05:46. | |
framework, and to literally, a couple of months afterwards, to | :05:46. | :05:51. | |
come up with these kneejerk, poorly thought out responses, is really | :05:51. | :05:54. | |
disappointing, and suggests the Government isn't thinking about the | :05:54. | :05:57. | |
long-term implication of what it is saying. The Prime Minister and his | :05:57. | :06:01. | |
deputy were visiting a new build housing estate in Hertfordshire | :06:01. | :06:07. | |
today. As the news came through, that the OECD had downgraded its | :06:07. | :06:16. | |
forecast for UK growth this year. From an anaemic plus 0.5 per cent, | :06:16. | :06:22. | |
to a dismal, minus 0.7, both know a recovery in construction could be | :06:22. | :06:27. | |
vital to get the numbers going in the opposite direction. In recent | :06:27. | :06:30. | |
quarters, construction growth has gone from flatlining to negative | :06:30. | :06:35. | |
territory. The importance of that growth to the wider economy, well, | :06:35. | :06:38. | |
last quarter, construction retraction was responsible for | :06:38. | :06:43. | |
dragging down output of the whole economy by 0.3%. | :06:43. | :06:47. | |
Faced with this reality, Labour say the Government is merely tinkering. | :06:48. | :06:53. | |
I do have to say, a one-year holiday from the current rules on | :06:53. | :06:57. | |
planning for conservatory extensions for up to eight metres | :06:57. | :07:00. | |
in a garden, which is what the Government is announcing today, | :07:00. | :07:06. | |
does not represent an economic plan. Construction once fuelled economic | :07:06. | :07:11. | |
and political fortunes. Although all parties say we need to move | :07:11. | :07:16. | |
away from depend ance -- dependance on the housing market. The next | :07:16. | :07:22. | |
election could be decided on who is judged today to have the best plan | :07:22. | :07:27. | |
to get us closer to the good old days. Nick Boles is the new | :07:27. | :07:30. | |
minister for planning following the reshuffle. He joins me now. First | :07:30. | :07:35. | |
of all, a new projection for growth of 0.5%, is this planning change | :07:35. | :07:40. | |
going to deliver growth? Remember the initiative you focused on, I | :07:40. | :07:45. | |
can understand why, because it is a more colourful one, is one of a | :07:45. | :07:49. | |
number of great initiatives. Which includes a huge investment through | :07:49. | :07:54. | |
this guarantee of �40 billion on infrastructure project, and �10 | :07:54. | :07:58. | |
billion of building houses for rent, and other things, all of those, | :07:58. | :08:01. | |
along with other things announced in the next few week, contribute to | :08:01. | :08:05. | |
growth in the economy. What will this planning change contribute of | :08:05. | :08:10. | |
that growth? I don't know, and you are a bit of a fool to be able to | :08:10. | :08:13. | |
project precisely which each element is. Do you know a number of | :08:13. | :08:16. | |
people who want to build a conservatory or extend their house, | :08:16. | :08:19. | |
that would be a difficult thing to guess. What is clear, is it is | :08:19. | :08:22. | |
important to make it easier for people to do t and encourage people | :08:22. | :08:25. | |
to do it now, rather than wait for three years time when they will | :08:25. | :08:29. | |
have to go through the planning process. You have absolutely no | :08:29. | :08:34. | |
idea whether conservatories, extensions, baigsments, will | :08:34. | :08:39. | |
deliver you any -- basements, will deliver you any growth whatsoever? | :08:40. | :08:43. | |
People do have to have planning permission, and it is a painful and | :08:43. | :08:47. | |
expensive process, if you make it less so, more people will want to | :08:47. | :08:51. | |
do it, it is logical and human nature. Who will put on these | :08:51. | :08:54. | |
extensions and conservatories, when houses are in negative equity, | :08:54. | :08:58. | |
people are losing their jobs, this Government says there is more cuts | :08:58. | :09:01. | |
coming. People are stretching themselves for their mortgage, and | :09:01. | :09:05. | |
we know their disposable income, average disposable income has | :09:05. | :09:09. | |
dropped by 2% over the last two years. This is a kie mere ra, | :09:09. | :09:13. | |
people won't be able to do this in any numbers whatsoever? That is not | :09:13. | :09:17. | |
true, for many people, fortunately because of the Government's | :09:17. | :09:21. | |
policies to keep interest rate low, their mortgage payments are low. | :09:21. | :09:24. | |
And long may that continue. People are very streched? Mortgage | :09:24. | :09:27. | |
payments are very low, what they can't afford to do is to move house, | :09:27. | :09:32. | |
they can't afford it buy a bigger house, they can't afford to pay the | :09:32. | :09:36. | |
stamp duetyie, not least to buy a - - duty, not least, to buy a bigger | :09:36. | :09:40. | |
house. The opportunity to extend their house, this apply to a | :09:40. | :09:43. | |
business too, the opportunity to extend the premises, rather than | :09:43. | :09:47. | |
the huge extra cost of changing premises, is one that might well be | :09:47. | :09:51. | |
attractive. People don't have the stamp duty to move, but do you | :09:51. | :09:54. | |
think they will be confident about taking out a loan? Because it adds | :09:54. | :09:57. | |
to the value of their house. necessarily n this climate? | :09:57. | :10:01. | |
course it does. If you extend a house and add a bedroom because | :10:01. | :10:05. | |
your two teenage kids no longer want to share, or you have had | :10:05. | :10:08. | |
another baby, or your mother has come to live with you. If you add a | :10:08. | :10:11. | |
bedroom that will add to the value of the house in the long-term. | :10:11. | :10:14. | |
want people to get into more debt? It is not about that. It will be? | :10:14. | :10:18. | |
It is not about that. What you are doing is singling out one measure. | :10:18. | :10:22. | |
Which has been trumpeted by this Government, absolutely? Sorry there | :10:22. | :10:26. | |
are seven other measures being trumpeted today. You haven't talked | :10:26. | :10:28. | |
about the measure which is going to mean that planning permissions that | :10:28. | :10:32. | |
have been granted that haven't been fulfilled, are going to be | :10:32. | :10:36. | |
unblocked by removing the affordable housing component from | :10:36. | :10:42. | |
them. You haven't talked about the guarantee of �so 10 billion about | :10:43. | :10:46. | |
new rented housing construction, which is a very significant measure. | :10:46. | :10:50. | |
These are component parts of a big package, which you say will deliver | :10:50. | :10:54. | |
growth. It is significant, an Englishman's house is his castle | :10:54. | :10:59. | |
and all that, you can't say whether any of that domestic dwelling | :10:59. | :11:02. | |
change will deliver any growth whatsoever? With the other measures | :11:02. | :11:05. | |
it is easier to make an estimate. It is harder with planning | :11:05. | :11:08. | |
extensions, because how many people out there want to extend their | :11:08. | :11:14. | |
house. What I want to put into context, given Mr Miliband's rather | :11:14. | :11:19. | |
ludicrous attack. His entire five- point growth plan is worth �20 | :11:19. | :11:24. | |
billion, we are making available �50 billion of guarantees. His | :11:24. | :11:29. | |
plans will go on the tax and on the borrowing of the British taxpayer, | :11:29. | :11:37. | |
our -- payer our's draw in private funds through a guarantee. Let's | :11:37. | :11:43. | |
talk about the plans, is the green belt sack sabgt with this coalition | :11:43. | :11:46. | |
Government? The position on the green belt is not changing as a | :11:46. | :11:50. | |
result of anything today. What about changing in the future, will | :11:50. | :11:54. | |
it be sacrosanct for the length of this coalition Government? There | :11:54. | :11:58. | |
are flexablities in the regime, that many local authorities don't | :11:58. | :12:00. | |
understand, they were brought in. So local authorities don't | :12:00. | :12:03. | |
understand what they are doing? They are not being fully explored | :12:03. | :12:05. | |
by local authorities. Local authorities are sometimes worried | :12:05. | :12:09. | |
about how it is going to work. What we are trying to remind them today, | :12:09. | :12:13. | |
is in exceptional circumstances, only that, for instance, Cambridge | :12:13. | :12:16. | |
has used those exceptional circumstances, in exceptional | :12:16. | :12:20. | |
circumstances, they can, slightly change the boundaries of their | :12:20. | :12:25. | |
green belt. Will that be changed, or will you simply be pointing out | :12:25. | :12:30. | |
where there can be rules used that he can sis, or will you be changing | :12:30. | :12:35. | |
the -- exist, or will you change the rules to allow more | :12:35. | :12:38. | |
flexibility? We are pointing out that flexibility exists, and help | :12:39. | :12:42. | |
them take advantage that have. that be policy for the rest of the | :12:42. | :12:44. | |
coalition Government. Are you actually considering changing the | :12:44. | :12:48. | |
rules on the green belt? I was appointed yesterday, and secondly, | :12:48. | :12:50. | |
I'm not a member of the cabinet or the Prime Minister, I don't make | :12:50. | :12:54. | |
policy. Right now, what we are trying to do is encourage people to | :12:54. | :12:57. | |
use the policy. You have explained it as far as you know, as you say | :12:57. | :13:01. | |
you are a new minister, what you did have is long held views on the | :13:01. | :13:05. | |
planning permission. We saw you in 2010, let me repeat, December 2010 | :13:05. | :13:10. | |
do you believe that planning work? The clever people in a room can | :13:10. | :13:14. | |
plan how communities develop, I believe it can't work, David | :13:14. | :13:18. | |
Cameron believes it can't work and Nick Clegg. Chaotic is a good thing. | :13:18. | :13:24. | |
Do you think everybody thinks that? Let me tell you about newly-elected | :13:24. | :13:29. | |
MPs, we are like young children, you are an attention seeker, you | :13:29. | :13:34. | |
are desperate to get notice from someone, and I succeeded there, | :13:34. | :13:39. | |
given it was shown on the programme. You must be incredibly attention | :13:39. | :13:44. | |
seeking, I want to put to you that you got a new cabinet now. You were | :13:44. | :13:47. | |
very vociferous at the beginning about the promise of Liberal | :13:47. | :13:52. | |
Democrats. You wrote an article in the Times, saying an electoral pact | :13:52. | :13:55. | |
is essential to make the radical changes. Do you believe an | :13:55. | :13:58. | |
electoral pact needed with the Liberal Democrats? I think Nick | :13:58. | :14:03. | |
Clegg ruled it out within about two minutes of me making the proposals. | :14:03. | :14:06. | |
Do you believe in it? I thought it was a good idea, and if Nick Clegg | :14:06. | :14:10. | |
agreed with me, I would support it now. He didn't, he's the party | :14:10. | :14:12. | |
leader of the Liberal Democrats. David Cameron also didn't agree | :14:12. | :14:20. | |
with it, it's not going to happen. It is a spurious question. | :14:20. | :14:24. | |
The euro at any price, that is the motto of the European Central Bank, | :14:24. | :14:28. | |
it seems, Mario Draghi's plan is to hoover up Spanish and Italian bonds | :14:28. | :14:34. | |
to try to stop those countries' debts becoming uncontrollable. Mrs | :14:34. | :14:38. | |
Merkel appears to go going along with the carbon nan za. Is there | :14:38. | :14:44. | |
not a danger of a moral hazard which all of Europe will end up the | :14:44. | :14:49. | |
peer. It seems the crisis in Spain which has concentrated Mr Draghi's | :14:49. | :14:56. | |
mind. How significant was it today? | :14:56. | :15:01. | |
is a hugely significant moment. There is a bail out fund for Europe, | :15:01. | :15:06. | |
it has 700 billion in the kitty, but not enough to bail out Madrid. | :15:06. | :15:09. | |
They needed something bigger, that something bigger is to print money, | :15:09. | :15:17. | |
via the ECB, and to use it to buy up the bonds of Italy and Spain, | :15:17. | :15:20. | |
and anybody else who gets into trouble, on an unlimited basis. The | :15:21. | :15:24. | |
aim is that the cost of borrowing for those countries comes down, the | :15:24. | :15:29. | |
concern about the European banking system recedes, the ECB has had to | :15:29. | :15:34. | |
eat a lot of humble pie do this. They are going to take junk and | :15:34. | :15:37. | |
collateral, to keep the euro system going. They will stand back and | :15:37. | :15:41. | |
allow themselves to stand equally in the queue for repayment of debt | :15:41. | :15:48. | |
with anybody else, unheard of. And it is all designed to try to put a | :15:48. | :15:52. | |
lid on the euro crisis, because nothing else has, and of course the | :15:52. | :15:56. | |
Germans have had too, to eat a lot of humble pie, to get this done. | :15:56. | :16:00. | |
But there it is, it is a massive move, we are all waiting to see | :16:00. | :16:06. | |
what the next move is. Will it work, do you think? There are two | :16:06. | :16:09. | |
obstacles to making it work, they are both political. The first one | :16:09. | :16:14. | |
is not here in Madrid, it is in Berlin. The German politicians had | :16:14. | :16:18. | |
to really bend over backwards to convince themselves to let this | :16:18. | :16:23. | |
happen. They haven't let the full Monty go ahead, as it were, of | :16:23. | :16:28. | |
quanative easing, but this is big, but the German Central Bank, the | :16:28. | :16:33. | |
Bundesbank, issued a statement condemning the move, saying it is | :16:33. | :16:35. | |
tantermount to financing Governments by printing bank note. | :16:35. | :16:40. | |
Here is the problem with that. This works as long as the markets | :16:40. | :16:44. | |
believe the European political elite are going to do it. If they | :16:44. | :16:49. | |
believe that 100%, then it is foolish to bet against it. If they | :16:49. | :16:52. | |
don't believe it, then some people in the markets will say this could | :16:52. | :16:57. | |
fail, and we will sell these bonds, we don't want to touch them. And | :16:57. | :17:03. | |
Germany, having this level of an agoism, doesn't help. Of course -- | :17:03. | :17:07. | |
antagonism, of course the other problem is Spain. Do you think | :17:07. | :17:12. | |
Spain will go for the bail out? Mariano Rajoy, the Prime Minister | :17:13. | :17:18. | |
said today, said we haven't asked for a bail out. He said that | :17:18. | :17:22. | |
vehemently. Part of today's deal is to slightly soften what conditions | :17:22. | :17:26. | |
will be attached. In future, countries that use the bail out | :17:26. | :17:30. | |
mechanism, will not go down the route of Greece and Ireland, they | :17:30. | :17:34. | |
will be told to adhere to some conditions, here is the money, and | :17:34. | :17:37. | |
if you don't really do it, we will take the money away. It is not | :17:38. | :17:42. | |
quite the same as saying you don't get the money until you do the | :17:42. | :17:47. | |
austerity. I think that despite the softness that has been signalled to | :17:47. | :17:51. | |
Madrid here, Mariano Rajoy, the Prime Minister, he's going to fake | :17:51. | :17:56. | |
a long of convincing to do -- take a lot of convincing to do it. This | :17:56. | :17:59. | |
country's entire political system has been built on the last two | :17:59. | :18:06. | |
years of not taking this bail out. And the kind of austerity being | :18:06. | :18:09. | |
implemented already, the resistance is growing, as I have been finding | :18:10. | :18:14. | |
out this week. There are parts of Spain, where given the choice, they | :18:14. | :18:24. | |
:18:24. | :18:24. | ||
would like to make time go backwards. A small down in | :18:24. | :18:30. | |
Andalucia, a horse fair. -- a small town in Andalucia, a horse fair. If | :18:30. | :18:34. | |
antique lace and horses could solve things, it would be all right, but | :18:34. | :18:39. | |
they can't, the regional Government is effectively bust, and needs a | :18:39. | :18:43. | |
billion euros immediately. Unemployment here stands at 34% and | :18:43. | :18:48. | |
rising. Even the comfortably well off, are surrounded by an | :18:48. | :18:53. | |
atmosphere of rising protest. Last month, the agricultural Workers | :18:53. | :18:57. | |
Union began raiding supermarkets and taking away food, without | :18:57. | :19:07. | |
paying. The food is given to unemployed. The figurehead of this | :19:07. | :19:10. | |
new movement, a local mayor, Juan Manuel Sanchez Gordillo, the name | :19:10. | :19:17. | |
and the beard, instantly famous. Now, Gordillo and his comrades are | :19:17. | :19:23. | |
on the march. Stirring up protest, from town-to- | :19:23. | :19:26. | |
town, under the watchful eye of the police, determined to stop the | :19:26. | :19:32. | |
austerity, everybody knows, is about to hit. For nearly a month | :19:32. | :19:37. | |
now, the agricultural workers have been marching from town-to-town | :19:37. | :19:40. | |
here in Andalucia, as with everything they do, there is an | :19:40. | :19:44. | |
element of symbolism to this, but things in Spain are about to get | :19:45. | :19:52. | |
deadly serious. As small farming towns echo with rhetoric and | :19:52. | :19:57. | |
marching feet, it is clear that the Spanish crisis, and the way it is | :19:57. | :20:02. | |
resolved, will define Europe. Tran Another Europe is necessary. The | :20:02. | :20:04. | |
Europe of the people -- TRANSLATION: Another Europe is | :20:04. | :20:08. | |
necessary, the Europe of the people. The Europe of the people who don't | :20:08. | :20:11. | |
have anything, the unemployed, the poor, people who demand a new | :20:11. | :20:15. | |
reality, people who don't have anything. | :20:15. | :20:19. | |
Andalucia is spectacular, but spectacularly poor. The regional | :20:19. | :20:23. | |
Government had tried to soften the spending cuts demanded by Madrid, | :20:23. | :20:29. | |
but now it needs a bail out, and it will have to pile further job cuts | :20:30. | :20:34. | |
and spending cuts on to those already made. Everybody here feels | :20:34. | :20:39. | |
a crunch is coming. TRANSLATION: What we want to see change, what | :20:39. | :20:43. | |
makes us march, is criticising the general sacking of workers, the | :20:43. | :20:47. | |
fact that many people are losing their homes, and many people can't | :20:47. | :20:53. | |
afford to buy food. That is why we are fighting and reaching out to | :20:53. | :21:00. | |
all parts of society. TRANSLATION: People don't want to hear about | :21:00. | :21:03. | |
premium risk bonds, bail out, Merkel or the European bank. People | :21:03. | :21:07. | |
want to talk about the cost of a bottle of gas, the cost of petrol, | :21:07. | :21:12. | |
medicine, mortgages, work, expectations. They want to talk | :21:12. | :21:16. | |
about their problems, that is what we do. | :21:16. | :21:20. | |
In Madrid, they know today's move by the ECB opens the way for | :21:20. | :21:24. | |
Spain's debts to be bought up en massive scale, removing the | :21:24. | :21:29. | |
constant threat of imminent default. But it's dependant on conditions, | :21:29. | :21:34. | |
and the conditions will be set in a struggle between these two. Angela | :21:34. | :21:40. | |
Merkel, who needs Spain to accept more austerity than the 65 billion | :21:40. | :21:44. | |
already unleashed, to appease German voters, and Spanish PM, | :21:44. | :21:48. | |
Mariano Rajoy, who still couldn't bring himself to ask for the bail | :21:48. | :21:53. | |
out Brussels has just offered. TRANSLATION: The priorities of the | :21:53. | :21:56. | |
Spanish Government right now are to create jobs. The first priority is | :21:56. | :22:01. | |
that we have to continue on the path of cutting the deficit. The | :22:01. | :22:05. | |
next is to continue the structural reforms, then rebuild the banking | :22:05. | :22:10. | |
sector. And in the next few weeks, we will have more detail on changes | :22:10. | :22:16. | |
to the banking sector. But, even if the Spanish people do accept the | :22:16. | :22:22. | |
conditions, say pundits here, the whole process has created cracks in | :22:22. | :22:25. | |
the political system, that look dangerous. TRANSLATION: There is a | :22:25. | :22:29. | |
problem with the loss of credibility, by the political class | :22:29. | :22:32. | |
in Spain. That doesn't mean that eight months into the Government | :22:32. | :22:36. | |
Rajoy will pay the price. They have to be closer to the people, to know | :22:36. | :22:42. | |
what's going Onyango the street. Cut spending in a more -- going on | :22:42. | :22:49. | |
on the street. Cut spending in a different way. They have to tighten | :22:49. | :22:52. | |
their belts. There are large numbers of people, especially among | :22:52. | :22:58. | |
the young, who intend to prove it wrong. The Spanish Occupy movement | :22:58. | :23:02. | |
gave a foretaste of the anger that will greet any bail out bill. It | :23:02. | :23:06. | |
won't be only the radicals, with Spain's regions going bust, one by | :23:06. | :23:10. | |
one, this month is set to see huge protests over budget cuts organised | :23:11. | :23:15. | |
by nationalists. The fear is, as in Greece, that this unites the left | :23:15. | :23:19. | |
and right, in opposition to the last-ditch rescue plan of the | :23:19. | :23:22. | |
political centre. Technically the strikes and demonstrations of the | :23:22. | :23:25. | |
past two years have achieved nothing. But throughout that time, | :23:25. | :23:28. | |
the Spanish Government successive Governments, have had to insist | :23:29. | :23:33. | |
Spain will never go to the EU for a bail out. Now they have to. For | :23:33. | :23:37. | |
many of the people here, this is not the end, but the start of the | :23:37. | :23:47. | |
:23:47. | :23:52. | ||
fight against austerity. Back in Andalucia, mayor Gordillo | :23:52. | :23:56. | |
is about to find out whether rhetoric and civil disobedience can | :23:56. | :24:00. | |
stop the Spanish Government, the bond market and the ECB. The town | :24:00. | :24:07. | |
he runs is famous as a self- proclaimed, left-wing utopia. | :24:07. | :24:12. | |
Farmers here fought for, and won control of the land in the 1990s. | :24:12. | :24:19. | |
They built their own houses, there was no property boom, and no bust. | :24:19. | :24:24. | |
The town of Marinaleda symbolised one part of the dream that many | :24:24. | :24:29. | |
Spanish bought. The social Europe consisting with the old | :24:29. | :24:33. | |
Conservative traditions. The Spanish press has compared Gordillo | :24:33. | :24:39. | |
to Robin Hood, he himself prefers the Scottish rebel, William Wallace. | :24:40. | :24:43. | |
TRANSLATION: I think he was a true revolutionary, who came from the | :24:43. | :24:51. | |
lower class and fought and demanded a change for his people. He was | :24:51. | :24:59. | |
defeated, though! TRANSLATION: you always have winners and losers | :24:59. | :25:06. | |
in the struggle, the battle you never lose is the battle for utopia. | :25:06. | :25:11. | |
In truth, it's not Gordillo and his utopia the politicians need to | :25:11. | :25:14. | |
worry about, it is ordinary Spanish people, and their reality. The dye | :25:14. | :25:19. | |
is now cast for a full Spanish bail out, and the conditions attached | :25:19. | :25:23. | |
will bring drastic changes to the way people live. And their concern | :25:24. | :25:27. | |
is obvious. TRANSLATION: Somebody had to do something, we should have | :25:27. | :25:31. | |
more Gordillo, there should be more like him, Andalucia is a beautiful | :25:31. | :25:35. | |
place, we can't go on this way, with more and more unemployment and | :25:35. | :25:38. | |
hunger. This region has so much in its favour, but we are becoming | :25:39. | :25:44. | |
increasingly poor. TRANSLATION: don't respect his ideas, but I do | :25:44. | :25:51. | |
respect him, he's a loader, you have to respect that. And political | :25:51. | :25:55. | |
leadership has been the problem. Spanish politicians now have to | :25:55. | :25:59. | |
lead an austerity drive that will bite into the incomes of core | :25:59. | :26:03. | |
voters, and in places like this, as regional budgets are slashed, into | :26:03. | :26:08. | |
the soul of local identity. Spain's strategic problems can't be side | :26:08. | :26:15. | |
stepped any more. With me in the studio, Gillian Tett, the assistant | :26:15. | :26:20. | |
editor of the FT. Helena Morrissey, the CEO of Newton investment bank, | :26:20. | :26:25. | |
Emma Duncan, the deputy editor of the Economist, and Muntaha | :26:25. | :26:30. | |
Mashayekh Professor of economics at university of Sussex. | :26:30. | :26:34. | |
They say they have been resisting the bail out for two years, do you | :26:34. | :26:37. | |
think it is inevitable? It is moving that way, but politically | :26:37. | :26:40. | |
and economically it is very difficult. The crucial thing to | :26:40. | :26:43. | |
understand about what is happening today, Mario Draghi has bought the | :26:43. | :26:46. | |
eurozone time, we don't know what the eurozone is going to do with | :26:46. | :26:50. | |
that time. Will they actually put down the preconditions to create a | :26:50. | :26:54. | |
eurozone that work, by creating some form of banking and fiscal | :26:54. | :26:58. | |
union, some kind of growth strategy, and above all else, a system that | :26:58. | :27:02. | |
ordinary people can actually believe in, or will it just be more | :27:02. | :27:08. | |
fudging and failed bail outs. fudging, we hear the Bundesbank is | :27:08. | :27:14. | |
dead set against this? This is a major problem, and can torpedo the | :27:15. | :27:18. | |
whole thing, it is so much on market confidence. Draghi announced | :27:18. | :27:23. | |
there was one dissenter behind the decision. Everybody assumed it was | :27:23. | :27:26. | |
pretty clear that it was the Bundesbank President. I think we | :27:26. | :27:29. | |
are treading on a knife edge. Today's decision, while it does | :27:29. | :27:32. | |
suggest there has been something of a think, that is a new development | :27:33. | :27:37. | |
about a fiscal or sharing of the fiscal burden. Obviously ultimately | :27:38. | :27:42. | |
this means a backstop across Europe, it does come at a price. It doesn't | :27:42. | :27:45. | |
solve the economic problems, as we have seen in Spain and other | :27:45. | :27:49. | |
countries. How difficult do you think the Bundesbank is? I think it | :27:49. | :27:52. | |
is a huge issue. I think what Draghi has done is really | :27:52. | :27:59. | |
significant. I think it could be incredibly positive. He has done | :27:59. | :28:04. | |
something quite interesting and subtle, he has given two channels | :28:04. | :28:08. | |
for countries that want to seek bond buying. One is the rather | :28:08. | :28:12. | |
unpleasant one, the Portuguese and Greeks have been through, where | :28:12. | :28:16. | |
teams of people turn up and tell you how to run your country. But he | :28:16. | :28:21. | |
has also done this much, much gent letter precautionary route, for | :28:21. | :28:25. | |
countries like Spain and Italy, who can come along and say, we are | :28:25. | :28:29. | |
doing pretty much what you want, can you sort us out. The idea is | :28:30. | :28:34. | |
that should be politically much less toxic for someone like Rajoy. | :28:34. | :28:39. | |
Look what he's facing in Andalucia, this is just the start of it? | :28:39. | :28:43. | |
is true, as far as the ECB is concerned, Rajoy is doing exactly | :28:43. | :28:53. | |
:28:53. | :28:53. | ||
what he ought to be doing on reform. If the ECB is undermined in | :28:53. | :28:56. | |
confidence before this thing is started, it is difficult to see how | :28:56. | :29:00. | |
it will work. Merkel has to get these guys under control. | :29:00. | :29:05. | |
Interesting that Angela Merkel gave it a following wind, that clearly | :29:05. | :29:08. | |
wasn't enough to sign the Bundesbank? The real change is it | :29:08. | :29:11. | |
becomes a self-fulfiling prophesy, one of the reasons the Bundesbank | :29:11. | :29:16. | |
is so scared, they think if you allow this to happen, you will be | :29:16. | :29:21. | |
having this constant demand for these direct and indirect bail out | :29:21. | :29:25. | |
mechanisms, by imposing these conditions in order for the | :29:25. | :29:28. | |
outright transmission mechanism, that is what he has called it today, | :29:28. | :29:33. | |
to work, these conditions are all about austerity, which will not | :29:33. | :29:39. | |
allow the "Goldman Sachs pigs", Ireland, Greece, Spain to grow. So | :29:39. | :29:43. | |
you might get into the constant mechanism of requiring the bail out. | :29:43. | :29:48. | |
Is this more likely to hasten a Greek exit, do you think? We could | :29:48. | :29:52. | |
see a vicious spiral situation. I think at the moment we are treading | :29:52. | :29:57. | |
on that knife edge. And the markets rallied, everyone liked it, it was | :29:58. | :30:01. | |
a relief, perhaps we got something further than people were expecting, | :30:01. | :30:06. | |
but it is not over yesterday. markets rallied, if you talk to | :30:06. | :30:10. | |
traders today, people were joking that OMT, outstanding market | :30:10. | :30:15. | |
transactions, stands for "on my tap", basically meaning that | :30:16. | :30:20. | |
Germany is now the lender of last resort, and the political tensions | :30:20. | :30:25. | |
behind that are growing. Germany being the lender of last resort, | :30:25. | :30:32. | |
aka in this majority of the ECB. German people, are they going to | :30:32. | :30:35. | |
rise up against this, or realise how much it will affect them? | :30:35. | :30:39. | |
Looking at the film about Spain, it would be interesting if you | :30:39. | :30:43. | |
conducted a referendum across the eurozone and asked voters if they | :30:43. | :30:47. | |
wanted the eurozone right now. The sense protest is rising day by day. | :30:47. | :30:51. | |
It is too early to say whether this will make a difference? There is an | :30:51. | :30:54. | |
interesting poll of German voters as compared to other European | :30:54. | :30:58. | |
voters. German voters are incredibly sceptical about the | :30:58. | :31:02. | |
ability of any of the peripheral countries to hold it together. | :31:03. | :31:08. | |
German voter, compared to French ones. Merkel is torn, she's in this | :31:08. | :31:14. | |
unbelievably difficult position. There is the central poll of German | :31:14. | :31:17. | |
post-war policy, which is European unity, Franco-German alliance, | :31:17. | :31:21. | |
holding this thing together. On the other hand, she has her voters, | :31:21. | :31:27. | |
disappearing, losing confidence. She made that change, didn't she? | :31:27. | :31:30. | |
Angela Merkel, from her position, to say, not even to stand back, but | :31:30. | :31:34. | |
to actually actively say that she supported this? Absolutely. I think | :31:34. | :31:40. | |
that was very significant, that was a dramatic shift on her part. | :31:40. | :31:44. | |
only difficulty now is who is winning from all of this? I think | :31:44. | :31:47. | |
the whole eurozone concept was clearly built on a house of sand, | :31:47. | :31:50. | |
we haven't had fiscal union, we haven't had political union, we | :31:50. | :31:54. | |
have had monetary union, it hasn't worked, we seem to be prolonging | :31:54. | :31:58. | |
the inevitable. House of sand? haven't had the growth union. Both | :31:58. | :32:02. | |
the German people, and commentators in this country, you always hear | :32:02. | :32:07. | |
this story about some how that the problem in Greece and Italy was | :32:07. | :32:11. | |
they were going fiscal and irresponsible and spending too much. | :32:11. | :32:15. | |
If you look at the Spanish deficit before the cry he is, Italy, also | :32:15. | :32:20. | |
had a low deficit, it wasn't spending all the places Germany has | :32:20. | :32:22. | |
been spending. You do want conditions, but what kind of | :32:22. | :32:25. | |
conditions. The conditions we should be asking for are that | :32:25. | :32:29. | |
Greece actually develop the kind of institutions, for example, that | :32:29. | :32:35. | |
Germany has, by includes institutes, eye R & D spending, patient finance. | :32:35. | :32:40. | |
Who has managed to deal with the austerity deliver some growth? | :32:40. | :32:43. | |
some ways one country which has managed to walk the tight rope | :32:43. | :32:47. | |
better than many has been a country like Ireland. That is partly | :32:47. | :32:51. | |
because they are reallyively unified, and they have a level of | :32:51. | :32:54. | |
social cohesion, it has been very painful, and they are not out of | :32:54. | :32:58. | |
the woods yet. It is very hard to look at positive inspiring examples | :32:58. | :33:03. | |
at the moment. Germany is producing growth, but doing so in a poisonous | :33:03. | :33:07. | |
political climate now. We do need more growth stimulus out of Germany, | :33:07. | :33:12. | |
we have this huge adjustment that has to happen in Europe, which is | :33:12. | :33:16. | |
that basically the wages of the overborrowed countries have to fall | :33:16. | :33:21. | |
in relation to Germany's. Because that's the big imbalance, the big | :33:21. | :33:24. | |
problem that has happened. That is not necessarily a problem here. | :33:24. | :33:29. | |
What will deliver growth, as Nick Boles said, we talked about one | :33:29. | :33:32. | |
area that will help to deliver growth, he said. The other big ones | :33:32. | :33:37. | |
are the infrastructure plans and so forth. Also the pension funds are | :33:37. | :33:42. | |
desperate to invest somewhere, they need these big infrastructure | :33:42. | :33:45. | |
projects? You can't completely generalise, but I think it is a | :33:45. | :33:49. | |
good idea to have. We obviously have an antiquated infrastructure, | :33:49. | :33:54. | |
ma many parts, whether it is roads, or whether it is utilities, there | :33:54. | :33:59. | |
is a lot that needs investment. Pension funds want long, stable | :33:59. | :34:04. | |
cashflows. As came up earlier, we need a stable regulatory background. | :34:04. | :34:09. | |
We won't hand the money for a 30- year project and the rules get | :34:09. | :34:12. | |
changed by an in coming Government. There has to be careful planning on | :34:12. | :34:20. | |
how this could work. Negative 0.5% growth? I do think that you were | :34:20. | :34:24. | |
slightly teasing Nick Boles about his conservatories, but I'm afraid | :34:24. | :34:28. | |
that is a really sharp illustration with the whole problem with | :34:28. | :34:31. | |
infrastructure. You want infrastructure you have to have big | :34:31. | :34:36. | |
stuff. You need big roads, third runways. Power stations, and all | :34:36. | :34:40. | |
sorts of things? You need house building. You need large scale | :34:40. | :34:44. | |
house buildings. In the 1930s, our economies jump started out of | :34:44. | :34:47. | |
depression by massive house building. Which you still see all | :34:47. | :34:53. | |
over the country. To do that you have to deal with story nimbyism, | :34:53. | :35:00. | |
and deal with the green belt. back to Nick Boles, he said as of | :35:00. | :35:04. | |
now the policy is the green belt holds with some exceptions. But | :35:04. | :35:08. | |
didn't say if it would change? is a key issue, but the good news, | :35:09. | :35:12. | |
if you like, in the UK and the western world in general, there is | :35:12. | :35:17. | |
an awful lot unused capital in the system. Financial markets are not | :35:17. | :35:20. | |
short of money. Pension funds are sitting on large pots of money, | :35:20. | :35:24. | |
particularly in the UK. We are unusual in having a large pension | :35:24. | :35:30. | |
industry with a lot of pension funds that need long-term assets to | :35:30. | :35:35. | |
invest in. If only you could match up the demand for investment with | :35:35. | :35:39. | |
projects. You say we elect politicians, we have armies of | :35:39. | :35:44. | |
pensions and the CBI, why is nobody doing it? Here is the problem, our | :35:44. | :35:47. | |
system is so centralised, that any local authority that gives | :35:47. | :35:50. | |
permission for the building of a local housing he state, doesn't get | :35:50. | :35:53. | |
any benefit of that. All the cash goes straight back into the | :35:53. | :35:57. | |
Treasury. If we had a more decentralised fiscal system in this | :35:57. | :36:01. | |
country, then there would be an incentive for local authorities to | :36:01. | :36:06. | |
give permission for stuff. I would say, just to defend what's out | :36:06. | :36:10. | |
there already, there are projects that have bonded which we buy into, | :36:10. | :36:16. | |
and there are infrastructure fund, it is a tiny market. It is 2.5% of | :36:16. | :36:20. | |
all the pension funds' assets. I think there is an appetite. You can | :36:20. | :36:26. | |
get 1.5% on a ten-year gilt, it not enough for feingsers. We need a | :36:26. | :36:33. | |
decent return, but -- pensioners. We need a decent return. The money | :36:33. | :36:40. | |
is there, there is �1. -- over $1 trillion in the US and more than | :36:40. | :36:44. | |
that here. This Government needs to show what they think drives | :36:44. | :36:46. | |
business and investment, is basically getting the state out of | :36:46. | :36:50. | |
the way. If you go to the Business Innovation and Skills department in | :36:50. | :36:54. | |
Victoria Street, it says Great Britain is open to innovation, with | :36:54. | :37:02. | |
the lowest tax and lowest regulation. You have to spend money | :37:02. | :37:08. | |
for that, rather than just take away red tape. It is called Africa | :37:08. | :37:14. | |
Express, one of the most bizarre and successful musical events of | :37:14. | :37:18. | |
the year. 80 African musicians are travelling in a special train, | :37:18. | :37:24. | |
stopping off for concerts and free Pop Up events, with music they | :37:24. | :37:31. | |
create on the train. Damon Albarn is on board, with Baaba Maal and | :37:31. | :37:40. | |
other guests, they gave exclusive access to the journey. This is a | :37:40. | :37:45. | |
tour that breaks all the known rules of the music industry. Over | :37:45. | :37:49. | |
80 musician, some very famous, some virtually unknown in Britain, but | :37:49. | :37:53. | |
stars in Africa. Touring the country in a chartered train, in a | :37:53. | :37:58. | |
venture costing �500,000. But there are no headliner, some events are | :37:58. | :38:01. | |
planned at the very last minute and they decide who is playing what, | :38:01. | :38:10. | |
and with whom, after non-stop rehearsals on the train itself. One | :38:10. | :38:14. | |
carriage is laid out as a studio, complete with mixing desk, and | :38:14. | :38:21. | |
musicians playing from the moment we left Middlesborough. In this | :38:21. | :38:26. | |
session, guitarist Romeo Stodart from the Magic Number, and the | :38:26. | :38:30. | |
wildly enthusiastic Damon Albarn, whose other projects this summer | :38:30. | :38:35. | |
were an opera and a Blur reunion. He has been a key figure in all | :38:35. | :38:41. | |
past Africa Express events, from Mali and the Congo to west Africa. | :38:41. | :38:47. | |
This train trip is the most ambitious, high-profile event to | :38:47. | :38:50. | |
date. It is nothing but music and communication. It isn't a person, | :38:50. | :38:57. | |
it isn't a group of people. It is an idea. | :38:57. | :39:02. | |
Really I think the level of musicianship is just, for me, this | :39:02. | :39:08. | |
is the best one. I just think everyone knows what it is about now. | :39:08. | :39:13. | |
So it attracts people who want to participate. That is amazing, it is | :39:13. | :39:19. | |
a relief for everyone to just be musicians, nothing really sort of | :39:19. | :39:24. | |
getting in the way of just when you want to make music on a day, just | :39:24. | :39:28. | |
make it, whatever it is at that moment, it is very therapeutic. | :39:28. | :39:38. | |
Just a few carriages away, there is another impromptu session. This one | :39:38. | :39:44. | |
involving one of Africa's greatest star, Baba Mal from Senegal, who we | :39:44. | :39:54. | |
:39:54. | :40:23. | ||
found singing with Jupiter, the In this journey, it is not just | :40:23. | :40:27. | |
music, or classic music, it is young ones, the famous ones, the | :40:28. | :40:33. | |
less famous one, all together. People waking up and going beyond | :40:33. | :40:37. | |
the stages of music together, thinking and travelling together | :40:37. | :40:41. | |
into a wonderful journey. This is unlike any music event I have ever | :40:41. | :40:46. | |
been to, none of the artists are being paid, though they do get a | :40:46. | :40:50. | |
small allowance, and they are not here to promote new singles, or | :40:50. | :40:54. | |
albums or product, different musicians from Africa, Britain and | :40:54. | :40:57. | |
different age groups are all playing together in musical | :40:57. | :41:05. | |
combination, the aim is to create a positive image for Africa. | :41:05. | :41:10. | |
Crazy collaborations, the jamming, you know. We go to so many | :41:10. | :41:13. | |
festivals and you meet so many people, you hardly ever have a | :41:13. | :41:19. | |
chance to mess around with them. This is a lot of fun for me. | :41:19. | :41:22. | |
best-selling young English hip hop Popstars, Rizzle Kicks, were | :41:22. | :41:26. | |
clearly having a good time. It was one of the best nights of my life, | :41:26. | :41:33. | |
I reckon. The best night of your life? One of them. Why? It was just | :41:33. | :41:41. | |
like, I can't explain, the amount of positivity, and musical energy | :41:42. | :41:45. | |
and vibe that was there, it was impossible not to be happy about | :41:45. | :41:49. | |
being part of that experience, and a side of that we got to share the | :41:49. | :41:53. | |
stage with some musicians we respect and idolise. The train has | :41:53. | :42:01. | |
everything from a yoga teacher. you To a meeting room and luggage | :42:01. | :42:04. | |
wagon. Ian Birrell, journalist and former David Cameron speechwriter, | :42:04. | :42:08. | |
was involved in raising money for the trip. Around half the cost is | :42:08. | :42:16. | |
paid by the cullal Olympiad. need to have planning to give space | :42:16. | :42:20. | |
-- Cultural Olympiad. You need to have planning in the chaos and give | :42:20. | :42:24. | |
space for the hotels. I didn't know where you go to hire a train, for | :42:24. | :42:29. | |
instance. The first Africa Express jaunt, six years ago, was to the | :42:29. | :42:34. | |
desert state of Mali, a country famous for its ancient culture and | :42:34. | :42:38. | |
music. Today Mali is in chaos, after a coup in the capital, with | :42:38. | :42:42. | |
two-thirds of the country, now controlled by Islamic groups, | :42:42. | :42:49. | |
wildly opposed to events like this. No-one wants to live under such | :42:49. | :42:54. | |
semi-medieval ideas, it is just not acceptable. Personally, I think, | :42:54. | :42:58. | |
they are a democracy, and they should have a say in their whole | :42:58. | :43:05. | |
country. If they want to have it, then they all should agree to go it | :43:05. | :43:09. | |
together. Many in the west only know about | :43:09. | :43:16. | |
Male and its history through the work of its extraordinary musicians | :43:16. | :43:21. | |
like Rokia Traore, yet music is now banned in part of the country. | :43:21. | :43:27. | |
is really sad, and I don't want to but I can't do nothing against that. | :43:27. | :43:33. | |
The only thing I can do is to keep going on working, do it the best | :43:33. | :43:42. | |
way my work, and trying to make people think good things of Mali, | :43:42. | :43:49. | |
and seeing good things from Mali. Many in the west were introduced to | :43:49. | :43:57. | |
Mali music through the singing and player through the blind duo, Amado | :43:57. | :44:02. | |
and Marion. He has become friends with Romeo Stodart, they have | :44:02. | :44:08. | |
guitar playing, but no language in common. TRANSLATION: It works well, | :44:08. | :44:12. | |
it is a great pleasure sharing music, the fact that we are two | :44:12. | :44:17. | |
guitarists playing together is enriching. I would say Romeo, and | :44:18. | :44:24. | |
he's like sava, and we are off, in Leeds we were in a room two hours | :44:24. | :44:28. | |
just playing, and then there is a kind of, it is talking, you let | :44:28. | :44:33. | |
someone have the chance to play, and then you know, you say, go for | :44:33. | :44:40. | |
it, and I don't know. It is something unique. In Glasgow, many | :44:40. | :44:44. | |
of the musicians appeared at a series of free pop-up events across | :44:44. | :44:49. | |
the city. With Amadu and Romeo playing at very short notice to | :44:49. | :44:59. | |
:44:59. | :45:03. | ||
schoolchildren out at Easter House. What did you think that have? | :45:03. | :45:06. | |
was different. What do you make that have? It was quite good. | :45:06. | :45:12. | |
was good about it? I liked the drums. Do you ever see stuff like | :45:12. | :45:17. | |
this at Easter House? No. But we have some parties about our country | :45:17. | :45:27. | |
:45:27. | :45:27. | ||
and we play this kind of music in some parties. The full cast | :45:27. | :45:33. | |
appeared for a four-and-a-half hour concert at the arches under Glasgow | :45:33. | :45:40. | |
Central Station. With dam Monday, Traore and others together for | :45:40. | :45:45. | |
Melancholy Hill. When it comes to record sales, the music industry is | :45:45. | :45:49. | |
in crisis, but Africa Express proves there is nothing more | :45:49. | :45:54. | |
excited or creative than live music. There is a special finale near | :45:54. | :46:03. | |
King's Cross station in London on Saturday. | :46:03. | :46:13. | |
:46:13. | :46:28. | ||
That was the Africa Express. That's all from Newsnight tonight, | :46:28. | :46:36. | |
Emily will be here tomorrow, until Emily will be here tomorrow, until | :46:36. | :46:46. | |
:46:46. | :47:05. | ||
It's going to get warmer over the next few days. We start Friday with | :47:05. | :47:10. | |
a lot of clouds and rain and drizzle in Scotland, Northern | :47:10. | :47:13. | |
Ireland and North West England. Most of it petering out. The sunny | :47:13. | :47:17. | |
skies will be further south and east across the UK. Contrasts in | :47:17. | :47:19. | |
northern England, North West England will be cloudy and damp to | :47:19. | :47:22. | |
the east of the Pennine, sheltered from the westerly wind. It should | :47:23. | :47:27. | |
be a warmer day in the sunshine across the Midlands, East Anglia | :47:27. | :47:31. | |
and the south-east. For the south west of England, after a bit of a | :47:31. | :47:35. | |
misty start, that will lift, we will get increasing amounts of | :47:35. | :47:38. | |
sunshine, fine and dry into the afternoon as well. Wales seeing | :47:38. | :47:42. | |
most of the sunshine, always better in the east, because of the | :47:42. | :47:45. | |
westerly breeze, feeling moisture and clouds towards the west coast, | :47:45. | :47:49. | |
cloudy day for Northern Ireland. Best chance of sunshine is in | :47:49. | :47:54. | |
Antrim and Down, the south west of Scotland stays cooler and grey, and | :47:54. | :47:57. | |
rather damp. But for the north eastern half of Scotland we should | :47:57. | :48:02. | |
get sunshine. Cloudy as you can see there in Belfast on Friday. | :48:02. | :48:06. | |
Hopefully a bit more sunshine on Saturday. A bit of a struggle in | :48:06. | :48:09. | |
Edinburgh, Manchester improving as we head into the weekend. The sunny | :48:09. | :48:13. | |
skies will be further south, it is here we will see the highest | :48:13. | :48:16. |