Browse content similar to 11/09/2012. Check below for episodes and series from the same categories and more!
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The examination system in England and Wales is supposed to be an | :00:11. | :00:14. | |
independent measure of what our young people have learned in school. | :00:14. | :00:18. | |
What credibility does it still have? | :00:18. | :00:23. | |
In Cardiff, the Welsh Education Minister says he wants GCSE exam | :00:23. | :00:27. | |
results regraded. The chair of the Education Select | :00:27. | :00:31. | |
Committee in London says he just wants to find out what's happened, | :00:31. | :00:34. | |
and meanwhile, the victims, or survivors of the exams, want to | :00:34. | :00:39. | |
know they have been treated fairly. The havoc causeded in Italy by | :00:39. | :00:46. | |
London banks, we reveal the way they sold almost incomprehensible | :00:46. | :00:49. | |
financial products to Italian local authorities, and sank them further | :00:49. | :00:53. | |
into debt. TRANSLATION: People need to wake up to what is going on or | :00:53. | :00:57. | |
nothing will change. Banks threaten to take their capital out of | :00:57. | :01:00. | |
countries if regulation comes in, but we need regulation, because | :01:00. | :01:05. | |
these banks are plundering society. Reader, I divorced him, is it time | :01:05. | :01:09. | |
the law was changed to limit the settlements when marriages fall | :01:09. | :01:17. | |
apart? It has been 50 years, but at last The Weirdstone of Brisingamen | :01:17. | :01:23. | |
of fantasy fiction is complete. What took the author, Robert Garner | :01:23. | :01:28. | |
so long. I had enough of the two main character, I loathed their | :01:28. | :01:32. | |
guts, because I had lived with them for eight years, and they hadn't | :01:32. | :01:42. | |
:01:42. | :01:44. | ||
moved on and I had. The secondary school examination | :01:44. | :01:50. | |
system is a shambles, discuss. For various politicians and officials | :01:50. | :01:54. | |
invited to answer this question gave different answers today. The | :01:54. | :01:59. | |
Welsh Education Minister has ordered a regrading of the GCSE | :02:00. | :02:04. | |
papers, the English being the case in point. His counterpart in | :02:04. | :02:07. | |
England refuses to do so. The issues raised in fairness, about | :02:07. | :02:11. | |
the rising standards, the vested interest in teacher unions, the | :02:11. | :02:13. | |
regulation of the examination boards, about the nature of | :02:13. | :02:17. | |
Government in a devolved system, are of post-graduate level | :02:17. | :02:22. | |
complexity. I'm going in for my test now, it | :02:22. | :02:26. | |
will be my eighth time, I'm not going to say I'm going to pass, I'm | :02:26. | :02:34. | |
just going to say to myself I will try. Since Maureen shot to fame in | :02:34. | :02:39. | |
Driving School, the national pass rate for driving tests has rarely | :02:39. | :02:43. | |
changed, confidence in the system is high. Very different from GCSEs, | :02:43. | :02:48. | |
where it seems this year examers without telling students or | :02:48. | :02:52. | |
instructors, suddenly made the test harder to pass. Today the Education | :02:52. | :02:56. | |
Select Committee was trying to find out how and why. Basically you | :02:56. | :03:00. | |
should have had enough data and information to do this. You were | :03:00. | :03:03. | |
already alert to the problems. Some how, we still find ourselves | :03:03. | :03:07. | |
sitting here today. That must mean that you have failed somewhere to | :03:07. | :03:10. | |
do what you should do in order to anticipate it. That's the | :03:10. | :03:14. | |
allegation. I understand, the position is, as ever, a little bit | :03:14. | :03:18. | |
more complicated than it first appears. So the foundation teir | :03:18. | :03:25. | |
paper, of course it is an examination paper, an examination s | :03:25. | :03:30. | |
is, by their very nature, different. A GCSE is not a driving test, but | :03:30. | :03:36. | |
it is also testing basic skills, some would argue, the use of | :03:36. | :03:42. | |
language. The paper, which on the face of it seem pretty straight | :03:42. | :03:47. | |
forward, the marking has become complicated. Partly because of the | :03:47. | :03:54. | |
new exam, but also because Ofqual has demanded comparable results, | :03:54. | :03:59. | |
those that are on a par with previous years. It appears Ofqual | :04:00. | :04:04. | |
intervened this summer, telling examers where to draw the lines. | :04:04. | :04:07. | |
Ofqual's director of standards wrote to the Exam Board, worried | :04:08. | :04:14. | |
the proportion of pupils awarded a C grade, would be 8% higher than | :04:14. | :04:19. | |
predicted. They said it may require them to move grading boundaries | :04:19. | :04:24. | |
more than required. The Exam Board fought back with their own analysis. | :04:24. | :04:27. | |
They believed it to be compelling evidence that their award was fair. | :04:27. | :04:31. | |
They didn't believe a further revision of the grade boundaries | :04:31. | :04:35. | |
was justified. They did move their boundaries, though, as did the | :04:35. | :04:39. | |
other boards. Many thousands of students got D were their teachers | :04:39. | :04:47. | |
had predicted a C. We are, I think, in an uncomfortable position, in | :04:47. | :04:53. | |
fairness terms. To cut you off, we have limited time left. I'm sure | :04:53. | :04:57. | |
you are in an uncomfortable position, but this is about young | :04:57. | :05:02. | |
people who sat this exam last year, who might not have achieved the A | :05:02. | :05:06. | |
they received for future university prospects, or the C they needed in | :05:06. | :05:10. | |
order to go forward and change their next studies. So, you | :05:10. | :05:14. | |
actually acknowledge that it is not fair, some people got lucky, and it | :05:14. | :05:18. | |
was tough on the rest. I'm not saying it was tough on the rest. We | :05:18. | :05:24. | |
had a very careful look at June aid warding, June awarding of right. | :05:24. | :05:29. | |
Michael Gove has often said he wants exams to be tougher, Glenys | :05:29. | :05:33. | |
Stacey, whom he appointed, has denied any political interference. | :05:33. | :05:38. | |
In Wales everything's different, the Education Minister's ordered | :05:38. | :05:42. | |
GCSEs, set by the Welsh boards, to be regraded. Many in England sat | :05:42. | :05:47. | |
those tests too, nothing will change for them. The academic, most | :05:47. | :05:52. | |
critical of grade inflation, says this is dangerous deadlock. Most | :05:52. | :05:57. | |
people's intertation of what a GCSE grade tells you about a person, | :05:57. | :06:01. | |
whether they are qualified to go on to further study, or other things | :06:01. | :06:06. | |
that employers might interpret from those grades, are just not | :06:06. | :06:09. | |
consistent. You get one grade if you happen to live in England and a | :06:09. | :06:12. | |
different grade if you happen to live in Wales, even though you did | :06:12. | :06:15. | |
exactly the same exam, and it was marked the same way, and everything | :06:15. | :06:20. | |
else about it was the same. I just can't see it surviving that. | :06:20. | :06:24. | |
driving test has an absolute standard, there are no limits on | :06:24. | :06:30. | |
how many people can get through each year, using limits, through | :06:30. | :06:37. | |
comparable GCSE outcomes, is at the heart of the problems. Some say if | :06:37. | :06:41. | |
you want to limit achievement, raise the standard, don't limit how | :06:41. | :06:46. | |
many have passed. I'm sorry you have been unsuccessful. I will be | :06:46. | :06:50. | |
speaking to two students who took the GCSE English exam in a moment. | :06:50. | :06:55. | |
First, let as talk to the Welsh Education Minister, Leighton | :06:55. | :06:59. | |
Andrews. You have asked for a regrading. How many students do you | :06:59. | :07:03. | |
believe were unfairly treated? don't know the exact figures, but | :07:03. | :07:09. | |
we suspect it will reach into hundreds in Wales. So, in order to | :07:09. | :07:13. | |
make thatle kalation, you know where you suspect the boundary -- | :07:14. | :07:22. | |
calculation, you know where you suspect the boundary was. We had a | :07:22. | :07:25. | |
thorough report from officials that looked at comparative performance, | :07:25. | :07:29. | |
year on year, in Wales. There has been less change in terms of the | :07:29. | :07:33. | |
exam specifications in Wales, than perhaps there has been in England. | :07:33. | :07:39. | |
We think the boundary was, will have to move, we suspect it will | :07:39. | :07:45. | |
result in a regrading, which will lift grades by, maybe, 2.5%, | :07:45. | :07:51. | |
compared to what we had. How should it move, from what to what? What we | :07:51. | :07:59. | |
are looking at, really, is the question of what levels the | :07:59. | :08:02. | |
different grades should be set at. There has been too much focus on | :08:02. | :08:06. | |
what happened in January and what happened in June. The real issue is | :08:06. | :08:11. | |
what's going on around what is known in regulatory jargon, as | :08:11. | :08:15. | |
comparable outcomes. The idea is, if you change exam specifications | :08:15. | :08:20. | |
in a year, there should not be significant shift in the overall | :08:20. | :08:25. | |
outcomes. Now, we don't believe that this year's results have seen | :08:25. | :08:34. | |
that happen in Wales. We believe we have had something rather different | :08:34. | :08:37. | |
from that. You know perfectly what is being said, it is that you are | :08:37. | :08:40. | |
demanding this regrading, because, particularly under your regime, but | :08:40. | :08:44. | |
for several years now, education in Wales has been getting worse and | :08:44. | :08:49. | |
worse and worse and that is shown up in international surveys. What | :08:49. | :08:53. | |
you're trying to do, is to massage the figures? You could argue that, | :08:53. | :08:59. | |
Jeremy, if I was asking for a regrading in every Sue subject, in | :08:59. | :09:02. | |
every GCSE. I'm focusing on one area where there is a problem. It | :09:03. | :09:06. | |
is widely acknowledged there is a problem in GCSE English language. | :09:06. | :09:10. | |
Michael Gove says the results are probably unfair. Head teachers | :09:10. | :09:14. | |
throughout England and Wales say they are unfair. The Northern | :09:14. | :09:18. | |
Ireland Education Minister has also asked for an inquiry into what has | :09:18. | :09:21. | |
happened in one part of the exam system there. I think there is | :09:21. | :09:26. | |
general recognition, there is a specific problem with relation to | :09:26. | :09:29. | |
English language. But you accept that there may be other subjects in | :09:30. | :09:35. | |
which it may be necessary, at some point, to demand a regrading? | :09:35. | :09:41. | |
in this year. We think these are exceptional circumstances, it is | :09:42. | :09:46. | |
not just us saying this. As I said, Michael Gove has said he thinks the | :09:46. | :09:51. | |
results may have been unfair. But we have got head teachers in the | :09:51. | :09:54. | |
state sector, we have head teachers in the private sector, all saying | :09:54. | :10:00. | |
there is a problem with English language this year. | :10:00. | :10:06. | |
If the outcome at the end of all of this is separate systems in England | :10:06. | :10:10. | |
and Wales is that a good or bad thing? There is a separate system | :10:10. | :10:14. | |
in Scotland, of course. The GCSE and A-levels are a three-country | :10:14. | :10:18. | |
system, Northern Ireland, England and Wales much the Northern Ireland | :10:18. | :10:22. | |
Education Minister, and I, have written jointly to Michael Gove, | :10:22. | :10:26. | |
expressing our concerns about the number of statements he has made | :10:26. | :10:32. | |
about GCSEs and A-levels. So, my question was, is it a | :10:32. | :10:35. | |
desirable outcome if the end point of all of this is separate systems | :10:35. | :10:40. | |
in England and Wales, the implication of your answer is, no, | :10:40. | :10:43. | |
not necessarily? We have a proper qualifications review under way in | :10:43. | :10:47. | |
Wales, which we start some months ago. That will report later this | :10:47. | :10:51. | |
autumn. It has taken evidence from a wide variety of people throughout | :10:51. | :10:54. | |
the United Kingdom, including the university sector. We are building | :10:54. | :10:59. | |
up an evidence base, we will look at what they say. Thank you. We are | :10:59. | :11:04. | |
joined now about two student who is find themselves either side of the | :11:04. | :11:11. | |
great schism, Dakota Clarke who sat a GCSE in January, and Jack Coates | :11:11. | :11:19. | |
who sat in the summer, and didn't. With them is the head of the | :11:19. | :11:26. | |
Education Select Committee. Tell me what happened, then? We had been on | :11:26. | :11:32. | |
task for our Cs, we had all worked very hard, we had put a lot of | :11:32. | :11:37. | |
effort in, and when we opened our piece of paper and we saw we had | :11:37. | :11:45. | |
got a D. Were you shocked? Very shocked and disappointed. You, | :11:45. | :11:50. | |
sounds a bit rude, you scraped a C, effectively? Yeah. Were you | :11:50. | :11:53. | |
pleased? I was very pleased. what do you think would have | :11:53. | :11:57. | |
happened had you had to sit, that was in January, had you had to sit | :11:57. | :12:05. | |
this summer, what would have happened? D. Probably and D or an E. | :12:06. | :12:10. | |
You are a pretty lucky guy? Yes. you think you have been unfairly | :12:10. | :12:14. | |
treated? Definitely. What has been the effect of not getting the C you | :12:15. | :12:18. | |
wanted? I'm now set back a year, I have to go back to college just to | :12:18. | :12:23. | |
retake my English so I can get my apprenticeship. You were going to | :12:23. | :12:26. | |
get an apprenticeship, dependant on getting a C in English. You didn't | :12:26. | :12:30. | |
get it, so you have to wait a year and retake the exam and get it then, | :12:30. | :12:35. | |
we hope. That is a serious consequence, isn't it? Yeah. | :12:35. | :12:39. | |
anyone explained to you, your teachers, about what might have | :12:39. | :12:43. | |
happened? The teachers said I should have had a C as well. There | :12:43. | :12:49. | |
was 19 kids in our school that didn't get the Cs. Your teachers | :12:49. | :12:54. | |
might not have known, but they were wrong. What do you feel about the | :12:54. | :12:59. | |
exam system now? I think it is wrong they have changed them from | :12:59. | :13:05. | |
January to June, I think they should have starteded it from the | :13:05. | :13:07. | |
beginning of this year, then it would have been fair for all the | :13:07. | :13:13. | |
kids in year 11, last year. You are not disputing that they had a right | :13:13. | :13:16. | |
to change the standards? No, I don't think they had the right to | :13:16. | :13:21. | |
change it. You don't? No. But you have just said the argument was | :13:21. | :13:28. | |
about timing? Yes. What do you make of all of this, you are having this | :13:28. | :13:36. | |
big inquiry? It is a good thing to bring in those at the centre of it, | :13:36. | :13:40. | |
young people, working hard, feeling disappointed. Trying to get to the | :13:40. | :13:43. | |
bottom of it, a whole series of things has come together. The | :13:43. | :13:48. | |
design of this exam, all the English exams this year were new, | :13:48. | :13:57. | |
they were designed on this modual later basis, so you could take them | :13:57. | :14:02. | |
in the year rather than linear events. Certain amounts of marks | :14:02. | :14:08. | |
were allocated by the teachers to the pupils. Because of the nature | :14:08. | :14:12. | |
of it, teachers thought they knew where the grade boundaries were, | :14:12. | :14:16. | |
the exam bodies say there was a boosting of that marking, | :14:16. | :14:19. | |
overmarking, perhaps informed by teachers who thought they knew | :14:19. | :14:22. | |
where the boundary was. They were tending to offer higher marks. You | :14:22. | :14:27. | |
have all this complexity. And within a system that's described | :14:27. | :14:30. | |
that way, you have bigger variability than normal. Some | :14:30. | :14:34. | |
schools have done much, much better than expected, others have done a | :14:34. | :14:39. | |
lot worse, and no-one this morning, we had head teachers, the | :14:39. | :14:43. | |
professional bodies, and the regulator coming in, nobody could | :14:43. | :14:46. | |
explain why there is huge turbulence and vairyabs in the | :14:46. | :14:51. | |
system, which has -- variables in the system, which has left young | :14:51. | :14:57. | |
people, still in schools, suddenly out of favour. You said your | :14:57. | :15:01. | |
teachers predicted a C, I said to you it is possible the teachers | :15:01. | :15:06. | |
were wrong. Clearly they were wrong in many cases, because of the day | :15:06. | :15:09. | |
of reckoning? In the end they were wrong, they were right until it was | :15:09. | :15:14. | |
changed at the last minute. I see, you think the teachers were | :15:14. | :15:24. | |
predicting on the basis of what they knew, not on what happened? Is | :15:24. | :15:29. | |
that possible? Ofqual said typically schools overpredict. Last | :15:29. | :15:39. | |
:15:39. | :15:39. | ||
year they thought that 77% of people would get an English GCSE C | :15:39. | :15:43. | |
or above. It is not unheard of. It is just the number of schools and | :15:43. | :15:47. | |
the extent to which they were out from their expectation seems to be | :15:47. | :15:51. | |
higher. There is work going on to try to understand that. Overall, if | :15:51. | :15:55. | |
you control who took the exam this year, they do this comparable | :15:55. | :15:59. | |
performance stuff. If you look at who took it, and previous | :15:59. | :16:04. | |
achievements, actually, Ofqual, say, people on average, did better this | :16:04. | :16:11. | |
year than last year. Throw that into the mix and it is complicated | :16:11. | :16:15. | |
to work out the result. Meanwhile, you have lot of confidence in the | :16:15. | :16:19. | |
general public and amongst schools, and young people wondering | :16:19. | :16:25. | |
whether...Do You have faith in the examination system? I would not | :16:25. | :16:32. | |
allow this very poorly-constructed exam, which, as it happens, was | :16:32. | :16:35. | |
instigated by the last Government. There was warnings about the MoD | :16:35. | :16:39. | |
later nature of it, and warnings about the controlled assessment of | :16:39. | :16:47. | |
it. They preed ahead of it anyone, when the then minister was pressed | :16:47. | :16:51. | |
repeatedly by the current schools minister, she said Ofqual will have | :16:51. | :16:55. | |
to deal with it. Ofqual and the young people find themselves in the | :16:55. | :16:58. | |
middle of a predictable car crash, and we're trying to find out what's | :16:58. | :17:08. | |
:17:08. | :17:10. | ||
really gone on. Jack could be regraded if he was in Wales, yes or | :17:10. | :17:14. | |
no, should Michael Gove argue for regrading in England? We need a | :17:14. | :17:18. | |
better understanding, first, and secondly, I would caution the | :17:18. | :17:22. | |
minister in Wales and elsewhere. You do not do young people a | :17:22. | :17:28. | |
service by allowing the careless devaluation of the currency | :17:28. | :17:33. | |
overtime. That is neither a yes nor a no. Now the euro crisis chapter | :17:33. | :17:38. | |
73. Its causes had nothing to do with us, say faintly smug-sounding | :17:38. | :17:43. | |
Britains. Not so fast, the Italian legal system is pouring over claims | :17:43. | :17:46. | |
that local authorities there were sold financial products, by banks | :17:46. | :17:50. | |
based in London, which they didn't, couldn't have, understood. | :17:50. | :17:53. | |
Newsnight has discovered that whistleblowers within those banks, | :17:53. | :17:58. | |
who highlight what had they felt when mis-selling, were fired. Their | :17:58. | :18:08. | |
:18:08. | :18:11. | ||
complaints that the FSA routinely ignored them. This is a tragedy of | :18:11. | :18:15. | |
operatic proportions, of London- based banks making massive profits | :18:15. | :18:18. | |
on inappropriate deals in Italy. With a cast of characters speaking | :18:18. | :18:22. | |
exclusively to Newsnight. We reveal the role the City of London has | :18:22. | :18:28. | |
played in pushing Italy to the brink. On the surface it was a | :18:28. | :18:38. | |
great deal. The Italians thought they would get money for free. | :18:38. | :18:41. | |
Whistleblowers are telling Newsnight about the culture of | :18:41. | :18:47. | |
greed in London banks, and an Italian hero speaking in his first | :18:47. | :18:51. | |
TV interview, bought the British banks without any intervention from | :18:51. | :18:57. | |
the regulator. TRANSLATION: I saw no intervention into banks. As the | :18:57. | :19:01. | |
euro zone limps from crisis to crisis, the consequences of this | :19:01. | :19:06. | |
scandal may be more than financial for all of Europe. We will have a | :19:06. | :19:16. | |
:19:16. | :19:28. | ||
The home of opera, and gel lat toe, is turning sour, its debt levels | :19:28. | :19:35. | |
are as high as Greece, GDP is shrinking, and a bail out looms. It | :19:35. | :19:45. | |
may be straut that breaks the federal back. Apart from inventing | :19:45. | :19:51. | |
banking, the Italians invented opera, the most famous one is here | :19:51. | :19:57. | |
in Milan. It needed extensive renovations about ten years a it | :19:57. | :20:02. | |
was funded from London investment banks. There were very good deals | :20:02. | :20:05. | |
to be had, too good to be true, in fact. | :20:05. | :20:10. | |
Investment banks invented something far more creative and profitable | :20:10. | :20:18. | |
than opera, called, "derivatives", these perfectly formed financial | :20:18. | :20:25. | |
policies were a great way to borrow. Some of them sought less well | :20:25. | :20:28. | |
protected customers, being banned from selling to the British | :20:28. | :20:33. | |
customer. Here is how it worked, the region would issue a bond and | :20:33. | :20:37. | |
borrow money, which would be bought by the investment bank, who would, | :20:37. | :20:42. | |
in turn, sell it on to other banks. That is the easy bit. Banks offered | :20:42. | :20:47. | |
to manage the repayments of that bond, by selling a derivative, | :20:47. | :20:53. | |
called a swap. Built into the fine print was clause that is put tax- | :20:53. | :20:59. | |
payers on the hook for complicated failures by the banks in London. | :20:59. | :21:03. | |
The banks would say customers were aware. In one case an Italian | :21:03. | :21:08. | |
region had been unwittingly sold a swap, the fine print would mean | :21:08. | :21:12. | |
that it, not the bank, would have to pay out if Greece ever defaulted | :21:12. | :21:18. | |
on its debts. Something that has come to pass. It wasn't just Milan, | :21:18. | :21:21. | |
the financial engineering spread to every corner of Italy, even | :21:21. | :21:29. | |
universities and hospitals. On the surface it was great deal. The | :21:29. | :21:35. | |
Italians thought they would get money for free. They would get | :21:35. | :21:43. | |
advance money to be repaid in decades to come. They didn't have | :21:43. | :21:48. | |
the technical capacity to analyse those deals. Often times they | :21:48. | :21:52. | |
depended on expert and financial advisers, who were, in fact, paid | :21:52. | :21:58. | |
by the banks so. Their counterparts. Who had no incentive to protect the | :21:58. | :22:03. | |
interests of the Italian authorities. They ended up taking | :22:03. | :22:11. | |
on risks that are much higher than what was appropriate for them, and | :22:11. | :22:18. | |
taking risk that later on, you know, could lead to even bankruptcy. | :22:18. | :22:22. | |
irony is, that the federal Government in Rome actively | :22:22. | :22:26. | |
encouraged its cities and regions to borrow directly from London- | :22:26. | :22:30. | |
based investment banks. Idea was to get the borrowing figure for Rome | :22:30. | :22:36. | |
down, in order to join the euro. Between 1997 and 2007, borrowing | :22:36. | :22:46. | |
:22:46. | :22:47. | ||
from regional Italian Governments, went from zero to 111 billion euros. | :22:47. | :22:50. | |
The banks didn't bet on the land specialist, Alfredo Robledo. In his | :22:50. | :22:56. | |
first television interview, he told how he realised his city was liable | :22:56. | :23:00. | |
for billions to London banks, and doggedly pursued them, despite | :23:00. | :23:07. | |
their secretive ways. TRANSLATION: Their behaviour wasn't honest or | :23:08. | :23:11. | |
transparent T allowed them to make profits that orderly would never | :23:11. | :23:14. | |
have been possible. Afterwards, they refused to show us their | :23:14. | :23:18. | |
records, or what they had earned. Politicianings across Europe need | :23:18. | :23:23. | |
to face this challenge, and people need to wake up to -- politicians | :23:23. | :23:26. | |
across Europe need to face up to this challenge and people need to | :23:26. | :23:30. | |
wake up or it won't change. Banks threaten to take capital out of | :23:30. | :23:34. | |
countries if regulation comes in, but we need regulation, these | :23:34. | :23:38. | |
companies are plundering society. Having, at first, ignored him, the | :23:39. | :23:45. | |
investment banks, UBS, Deutsche Bank, and JP Morgan, changed tack, | :23:45. | :23:48. | |
when Robledo's team raided offices and locked staff out of buildings | :23:48. | :23:53. | |
they were working in. After two years of stone walling, they paid | :23:53. | :23:58. | |
Milan a settlement of half a billion euro, and Tory up the | :23:58. | :24:04. | |
contracts without -- tore up the contracts without affirming guilt. | :24:04. | :24:10. | |
If Milan, the most wealthy part of the country, can have these land | :24:10. | :24:15. | |
mines in the small print. What about the poorest part of Italy, | :24:15. | :24:25. | |
:24:25. | :24:27. | ||
like kal labia and Sicily. -- Calabria and Sicily. Parts here are | :24:27. | :24:32. | |
like a different country, just a few metres in the main road in | :24:32. | :24:35. | |
Palermo, people sell their belongings, in a makeshift market | :24:36. | :24:42. | |
to get a few extra euros. Sicily borrowed 2.5 billion euros from | :24:42. | :24:48. | |
Nomura, using a risky swap to manage the repayments. Now these | :24:48. | :24:53. | |
derivatives have helped bankrupt the region, which needed a 400 | :24:53. | :24:57. | |
million euro bail out in July. Unemployment in places like this is | :24:57. | :25:02. | |
can reach as high as 90%. The vast majority of people are dependant on | :25:02. | :25:06. | |
the region and the city and the state for their living. But all are | :25:06. | :25:12. | |
broke. It isn't helped by the fact that they unwittingly signed | :25:12. | :25:16. | |
contracts with London-based banks, which put tax-payers and citizens | :25:16. | :25:23. | |
on the hook for hundreds of millions of euros. Five miles and a | :25:23. | :25:29. | |
world away from the slums, the new Mayor of Palermo says he's cleaning | :25:29. | :25:34. | |
up after a decade of corruption, including some deals followed with | :25:34. | :25:38. | |
foreign banks. We are speaking of the same banks, who are responsible | :25:38. | :25:48. | |
:25:48. | :25:49. | ||
for the world international crisis. They destroyed with street crime | :25:49. | :25:53. | |
many of the financial systems in the world. One of these street | :25:53. | :25:58. | |
crimes was in Sicily. The mayor doesn't hold back with criticism | :25:58. | :26:08. | |
:26:08. | :26:08. | ||
over one previous officials. One is in jail for his ties with the Cosa | :26:08. | :26:13. | |
Nostra. He also had ties to offshore bank accounts, and | :26:13. | :26:19. | |
millions in "facilitation fees" were paid by Nomura bank. | :26:19. | :26:24. | |
Supposedly to make Italy sign these lucrative contracts. Politicians | :26:24. | :26:29. | |
and middlemen and bankers, could, in Italy, according to mayor | :26:29. | :26:33. | |
Orlando, have far-reaching consequences. If we don't counter | :26:34. | :26:40. | |
with a real strong activity, with a great intervention of the national | :26:40. | :26:48. | |
Government, there is a risk we will have a social revolt, and the civil | :26:48. | :26:58. | |
:26:58. | :27:06. | ||
# Why didn't anyone do something in the face of what appears to go | :27:06. | :27:12. | |
obvious mis-selling. Some people did put their heads above the | :27:12. | :27:22. | |
:27:22. | :27:38. | ||
parapet, one senior banker told Hes are also informed the FSA, | :27:38. | :27:42. | |
after he was forced out of his job. But the bank and employment | :27:42. | :27:49. | |
tribunal refused to rk him as a -- recognise him as a whistleblower, | :27:50. | :27:55. | |
which would have been recognised under UK law. Despite the laws to | :27:55. | :28:00. | |
protect whistleblowers, Newsnight has revealed a startling fact, not | :28:01. | :28:04. | |
saiingle bank has been published for forcing out individuals for | :28:04. | :28:08. | |
highlighting concerns within his or her bank. The FSA has form, this | :28:08. | :28:13. | |
man, John, also blew the whistle on a London investment bank on a | :28:13. | :28:18. | |
different matter, he too was fired. Speaking exclusively to Newsnight, | :28:18. | :28:24. | |
he was portrayed as a malcontent by his bank for highing problems with | :28:24. | :28:31. | |
them. You got hired for blowing the whistle, what kind of modus opprand | :28:31. | :28:35. | |
da do banks have with a whistleblower? Nobody wants to | :28:35. | :28:42. | |
admit they didn't do their job, an unholy alliance will kick in, want | :28:43. | :28:50. | |
to go bad mouth the whistleblower as a poor perform former. | :28:50. | :28:54. | |
John wrote to the FSA and the watchdog wrote back saying they | :28:54. | :28:59. | |
wouldn't act on the information and saying never contact again. The FSA | :28:59. | :29:03. | |
say inaction has been the central theme of the financial crisis, many | :29:03. | :29:08. | |
accuse it of being too close to banks a watchdog who slumbered, | :29:08. | :29:11. | |
instead of barking or biting. TRANSLATION: The role of the FSA | :29:11. | :29:15. | |
has been very much in the spotlight, I think the banks, if they were | :29:15. | :29:20. | |
able to, would reduce the FSA's powers. In terms of the | :29:20. | :29:29. | |
surveillance of the FSA of London banks, I saw no evidence of them. | :29:29. | :29:33. | |
The FSA conceded that no bank had been ever sanctioned for firing a | :29:33. | :29:43. | |
whistleblower, and they couldn't comment on individual cases. | :29:43. | :29:48. | |
Back in Italy, the banks at the centre of the derivative story face | :29:48. | :29:51. | |
civil and criminal action against them from several cities and | :29:51. | :29:54. | |
regions. Some of these regions have stopped repaying the banks until | :29:54. | :29:59. | |
the cases are settled. All the banks approached by Newsnight | :29:59. | :30:02. | |
refused to answer any of our questions, many didn't wish to | :30:02. | :30:07. | |
comment in light of on going criminal proceedings. All deny | :30:07. | :30:12. | |
wrongdoing. There can be few more painful | :30:12. | :30:16. | |
experiences than divorce and the acceptance of failure. The American | :30:16. | :30:19. | |
actor Robin Williams once remarked that the word comes from the Latin | :30:19. | :30:24. | |
for "to rip out a man's genitals through his wallet". But who is | :30:24. | :30:30. | |
entitled to expect from it? What are they entitled to it. The body | :30:30. | :30:34. | |
who is supposed to keep the law up- to-date is wondering whether there | :30:34. | :30:37. | |
might not be better ways of dealing with the financial aspects of the | :30:37. | :30:42. | |
end of a marriage. There was a time when the happy | :30:42. | :30:47. | |
couple said "till death do us part" on their wedding day and meant it. | :30:47. | :30:51. | |
The stigma of divorce ensured there was little option. But the number | :30:51. | :30:58. | |
of divorces really began to rise in the early 1970, and by the mid- | :30:58. | :31:03. | |
1990s, a third of couples were untying the knot before their 15th | :31:03. | :31:07. | |
anniversary. The latest figures show there were 120,000 divorces in | :31:07. | :31:15. | |
2010. It is only recently the divorce | :31:15. | :31:18. | |
settlements of the superrich and stars making the headlines. Former | :31:19. | :31:22. | |
spouses have a legal responsibility to each other's financial needs. It | :31:22. | :31:27. | |
is not clear what on earth that means. The Law Commission for | :31:27. | :31:31. | |
England and Wales compares divorce judges to, a bus driver who has | :31:31. | :31:35. | |
been told how to drive the bus, but has not been told where to go, nor | :31:35. | :31:41. | |
why he's to go there. The commission proposes three main | :31:41. | :31:45. | |
options for reform. Compensating people until they reach the kind of | :31:45. | :31:48. | |
standard of living they would have been enjoyed had they not made the | :31:49. | :31:58. | |
:31:59. | :32:03. | ||
career and childcare decisions The commission says it doesn't like | :32:03. | :32:07. | |
the Scottish system, where support after divorce only lasts for three | :32:07. | :32:11. | |
years. To discuss the whys and where fors | :32:11. | :32:16. | |
of divorce law, I'm joined by Baroness Ruth Deech, chair of the | :32:16. | :32:19. | |
bar standards board, and Jeremy Levison a practising divorce lawyer, | :32:19. | :32:25. | |
who has acted in many high-profile divorce cases. What has gone wrong? | :32:25. | :32:29. | |
I have been writing about this for 35 years, the message has finally | :32:29. | :32:35. | |
got through. The current law is unfair, unjust, uncertain, | :32:35. | :32:41. | |
expensive, and causes enormous bitterness. It has no principled | :32:41. | :32:45. | |
basis to it at all. Ever since divorce was changed to be, in | :32:45. | :32:50. | |
theory, without fault, and men and women are equal, tough ask yourself | :32:50. | :32:53. | |
why should one support the other when it has broken down. Every time | :32:53. | :32:57. | |
I have lectured on this, I have had hundreds of letters from members of | :32:57. | :33:02. | |
the public, pouring out their hearts, and protesting on how their | :33:02. | :33:05. | |
life savings have been taken away and the bitterness that has | :33:05. | :33:10. | |
accompanied what is a very easy divorce law. Is it unfair to one | :33:10. | :33:14. | |
gender rather than another? theory the law is equal, but the | :33:14. | :33:20. | |
courts bend over backwards to favour women, to such an extent | :33:20. | :33:23. | |
that arguably it undermines women's independence in the world of work. | :33:23. | :33:28. | |
Because the judges, they are trying to be helpful, they see women as | :33:28. | :33:33. | |
housewifes who have sacrificed an awful lot, and couldn't possibly -- | :33:33. | :33:35. | |
housewives who have sacrificed an awful lot and couldn't fend for | :33:35. | :33:38. | |
themselves. When you look at the proposal, I suppose you are against | :33:39. | :33:42. | |
them because it is bad for business? I don't think they are of | :33:42. | :33:45. | |
any great relevance at all in the context of what we are talking | :33:45. | :33:49. | |
about. I thought I might start by reading you two-and-a-half very | :33:49. | :33:55. | |
short passages from this report, which extends to 131 pages. "this | :33:55. | :34:01. | |
project is not a full review of this area of the law. Our task now, | :34:01. | :34:06. | |
in addition to our work on marital property agreements" the Law | :34:06. | :34:11. | |
Commission has been looking at prenups in the venacular for some | :34:11. | :34:15. | |
time now. "it is therefore to consider needs in the law and | :34:15. | :34:20. | |
financially generally, and to consider also of the status of the | :34:20. | :34:24. | |
non-mat moanal property". Is there much more? "whether there is | :34:24. | :34:29. | |
widespread dissatisfaction with outcomes is unclear." So the report | :34:29. | :34:33. | |
itself, quoting from it, really, already, raises doubts as to | :34:33. | :34:37. | |
whether we have a problem to deal with. You wouldn't deny we have | :34:37. | :34:42. | |
become the divorce tourism capital of the world? I would deny that. We | :34:42. | :34:47. | |
have of a divorce law that in its present form, more or less. Is it | :34:47. | :34:51. | |
true? Women come here because they know they will get much, much more | :34:51. | :34:55. | |
here than elsewhere. By and large, until very recently, they have been | :34:55. | :34:59. | |
able to rip up the prenups. What is going on is really bad. People are | :34:59. | :35:03. | |
very unhappy. My main fear now is the Law Commission will shy away | :35:03. | :35:06. | |
from it. Governments don't like to touch this, because it brings up | :35:06. | :35:11. | |
all the moral arguments. They are making very heavy weather of it, we | :35:11. | :35:14. | |
could easily move to the Scottish model, quickly, which isn't bad at | :35:14. | :35:18. | |
all. Main thing is to avoid expense, there is lots of cases where the | :35:18. | :35:27. | |
assets are worth, say, �1 million, half of that is spent on legal fees. | :35:27. | :35:31. | |
The formula in the report today is working it out on the Internet and | :35:31. | :35:35. | |
get an idea of what you might get. Saving fees. Putting people out of | :35:35. | :35:39. | |
business? Too bad. The Government might like it, because Legal Aid is | :35:39. | :35:44. | |
being removed, and the courts will be clogged up with self- | :35:44. | :35:50. | |
representing litigants if we don't sort the law out. | :35:50. | :35:54. | |
That is not what the report is doing, it is very, very narrowly | :35:54. | :36:00. | |
based. It suggests there might possibly be a formula to calculate | :36:00. | :36:05. | |
how needs can be assessed on an on going basis. It is worth trying, | :36:05. | :36:10. | |
isn't it? The problem with any formula is if has tried before and | :36:10. | :36:19. | |
failed. It doesn't work. Take Germany, for example, they codified | :36:19. | :36:22. | |
their law, they thought 100% in the civil code. They then had to | :36:22. | :36:26. | |
provide exception after exception, now they rely on case law to sort | :36:26. | :36:32. | |
out the gaps. In Canada it work, in America it has been proposed and | :36:32. | :36:37. | |
all over continent nepbl Europe, they have a straight forward -- | :36:37. | :36:41. | |
continental Europe, it they have a straight forward way of dividing | :36:41. | :36:45. | |
assets. It wouldn't matter if you had a brilliant lawyer like Mr | :36:45. | :36:50. | |
Levison here, or a less brilliant lawyer, it wouldn't depend on that, | :36:50. | :36:54. | |
it would be a straight forward form la, saying you were married for X | :36:54. | :36:59. | |
number of years. That is one of the -- formula, saying you were married | :36:59. | :37:04. | |
for X number of years. I would love if he was on my said, point is you | :37:04. | :37:10. | |
would get certainty, you wouldn't wait tens of thousands fighting | :37:10. | :37:13. | |
over assets that aren't worth that much. This report isn't dealing | :37:14. | :37:19. | |
with assets, but on going needs. For the most part it is dealing | :37:19. | :37:23. | |
with maintenance requirements, after a divorce breaks down. Why | :37:23. | :37:27. | |
should a woman who divorces someone be supported for the rest of her | :37:27. | :37:32. | |
natural life in figures of hundreds of thousands or millions of pounds? | :37:32. | :37:38. | |
The present law, it says in section 25 of the 1973 act, it says a wife | :37:38. | :37:42. | |
is entitled to receive maintenance for as long as she needs it. Until | :37:42. | :37:45. | |
she can adjust to having her maintenance removed from her, | :37:45. | :37:54. | |
without suffering undue hardship. Within the whole thrust of the | :37:54. | :37:59. | |
divorce law it is fairness, that can take a million different forms | :37:59. | :38:03. | |
and circumstances. It is as argued by lawyers like? No, let me read | :38:03. | :38:11. | |
you another small bit. No, don't, please. The report says itself, we | :38:11. | :38:14. | |
cannot guarantee that the provision of a formula would work in practice. | :38:14. | :38:20. | |
It says that. But it is the average woman who goes to work, will wonder | :38:20. | :38:24. | |
why, as in one case, after three years of a childless marriage, a | :38:24. | :38:33. | |
woman walks away with �5 million, or Heather Mills McCartney �28 | :38:33. | :38:40. | |
million, after very few years, another lady left her marriage with | :38:40. | :38:43. | |
�48 million. The average woman doesn't earn that in a lifetime. If | :38:44. | :38:47. | |
you marry banker you are quids in for the rest of your life. If you | :38:47. | :38:51. | |
marry a poor man, you get next to nothing. | :38:51. | :38:57. | |
We have all heard of writers block, but a 50-year hiatus is something | :38:57. | :39:05. | |
else, the third part of the Weirdstone, trilogy, has just been | :39:05. | :39:12. | |
published. The first part was in 1960, JK Rowling hadn't been born. | :39:12. | :39:19. | |
The author is described by another children's writer as better an | :39:19. | :39:29. | |
:39:29. | :39:30. | ||
Toilken. -- better than Toilken. | :39:30. | :39:37. | |
Caspeo. A flame hissed upwards filling the room with light, shape | :39:37. | :39:47. | |
:39:47. | :39:48. | ||
shifter opened the book and began to read. What's she up to, said | :39:48. | :39:57. | |
Susan, it's giving me goose flesh. I remember as a child scrambling up | :39:57. | :40:02. | |
the slopes, and thinking, why don't I live in an interesting place, | :40:02. | :40:08. | |
nothing ever happens here. I read a lot of books and I like | :40:08. | :40:14. | |
fantasy. I thought this was just normality. As I grew older I | :40:14. | :40:18. | |
realised it was not normality. It was very strange, and I was so | :40:18. | :40:25. | |
amazed by this place, that I inherited it. Newsnight tracked | :40:25. | :40:30. | |
writer Robert Garner down to a secluded corner of the Cheshire | :40:30. | :40:35. | |
countryside, where archaeologists are digging up part of an 18th | :40:35. | :40:42. | |
century barn, right beside his house. | :40:42. | :40:46. | |
In Garner's books too, what is ancient and underground is never | :40:46. | :40:52. | |
far away. Wizards, dwarves, tunnels under hills, children with magical | :40:52. | :41:02. | |
:41:02. | :41:04. | ||
bracelets. Grimia unhooked a pouch from his brace belt, and from it | :41:04. | :41:11. | |
drew her bracelet, the drops hidden beneath a milky veil. The Morigan | :41:11. | :41:15. | |
took the bracelet and placed it in the middle of the circle on the | :41:15. | :41:20. | |
floor. She pulled the curtains over the windows and dors, and went to | :41:20. | :41:28. | |
stand -- doors, and went to standby the brazier, who couldn't push back | :41:28. | :41:32. | |
the darkness. The medieval buildings behind us, and the one | :41:32. | :41:36. | |
that's been excavated, they are only the newcomers. Because the | :41:36. | :41:41. | |
site has been occupied since the end of the last Ice Age. Which is | :41:41. | :41:47. | |
10,000 years of people sitting on top of that little hill. | :41:47. | :41:53. | |
I said it was secluded here, but Garner's storyed home, is | :41:53. | :41:59. | |
overlooked by the telescope, of which, more later. | :41:59. | :42:03. | |
Robert Garner is a writer of fantasy, but like Hardy, Orly Lee, | :42:04. | :42:11. | |
he's also a writer of place. A very specific place, Alderley Edge, and | :42:11. | :42:16. | |
that place alone. It is what I knew when I was growing up. It is where | :42:16. | :42:24. | |
I learned what grass was, what rocks were. The trees in of tree. | :42:24. | :42:29. | |
Wilmslow is over there that is out of bounds, you have never felt | :42:29. | :42:33. | |
compelled to write the great Wilmslow novel? It is only half an | :42:33. | :42:38. | |
hour away and I loathe it. I always have. They are God folk with tea | :42:38. | :42:46. | |
shops and nice hedges? I knew it before then. What have you got | :42:46. | :42:56. | |
:42:56. | :42:57. | ||
against Wilmslow? It is not here! In the rock above, up there, there | :42:57. | :43:02. | |
is a face, and that is the face of the which is standard of the legend | :43:03. | :43:08. | |
of alderlee. It was carved by my great -- Alderly, it was carved by | :43:08. | :43:13. | |
my great, great, great, great grandfather. That is almost as | :43:13. | :43:23. | |
:43:23. | :43:23. | ||
fantastical as your story? It is more fantastic, it is true. Is your | :43:23. | :43:30. | |
story true, is the wizard true? but not in the little sense, would | :43:30. | :43:33. | |
you never photograph him. believe in him, if that is the | :43:33. | :43:41. | |
phrase I want? He's there. Robert Garner has continued to | :43:41. | :43:45. | |
write, including for television. This was an adaptation of his book, | :43:45. | :43:50. | |
The Owl Service. Which didn't exactly lack for backstory. Keeping | :43:50. | :43:58. | |
the house for him are Nancy and her son, Gwn, and the gardener, Huw | :43:58. | :44:03. | |
Halfbacon. She as furious when she finds that she has discovered a | :44:03. | :44:08. | |
dinner service hidden in the roof of the house. Alison has traceded | :44:08. | :44:13. | |
the pattern and rearranged it to make paper owls. She grows obsessed | :44:13. | :44:23. | |
:44:23. | :44:23. | ||
by the need to make them. Now, 50 years on, there have been | :44:23. | :44:28. | |
fresh sightings of the characters in Garner's first children's book, | :44:28. | :44:32. | |
Colin and his sister. Alan, good toe talk to you this way. It is | :44:32. | :44:36. | |
very good to speak and listen to you this way, it means I don't have | :44:36. | :44:42. | |
to look at you. Bless you for that, a lot of people feel that way. Why | :44:42. | :44:47. | |
have you put these whispering dishes into your new novel. They | :44:47. | :44:53. | |
work on the same principle as the radio telescope does, collecting | :44:53. | :44:57. | |
information from the gam galaxies. The character who works here -- the | :44:58. | :45:02. | |
galaxies. The character who works here in the novel, is an | :45:02. | :45:07. | |
astrophysicist rb, who may or may not be going mad when you are using | :45:07. | :45:16. | |
them. It is very close to a sigh otic voice inside the head. -- a | :45:16. | :45:24. | |
psyche cotic voice inside the head. In Boneland a woman is reading a | :45:24. | :45:31. | |
story about a witch to a child in a doctor's surgery. Young man, do not | :45:31. | :45:36. | |
go into the witch's house, and whatever you do, do not go upstairs, | :45:36. | :45:46. | |
:45:46. | :45:46. | ||
you must not go upstairs. The receptionist came from her desk, | :45:46. | :45:50. | |
Professor Worchesterfield. You must not geo. Professor whister field, I | :45:51. | :45:56. | |
have been upstairs, they are not hens' legs, they are not the legs | :45:56. | :46:06. | |
:46:06. | :46:11. | ||
of hens. They are not gallos domesticus. "the man is funny, he | :46:11. | :46:18. | |
makes me laugh. Why has Ganna left it so long to complete -- Garner | :46:18. | :46:23. | |
left it so long to complete the trilogy. I had enough of the two | :46:23. | :46:26. | |
main character, I loathed their guts, I lived with them for eight | :46:26. | :46:31. | |
years, and they hadn't moved on, and I had. | :46:31. | :46:35. | |
The thought of spending any more time with them, I couldn't abide. | :46:35. | :46:40. | |
Also, I had more ideas in my head. So it wasn't a publishers phone | :46:40. | :46:45. | |
call, I suspect you wouldn't respond too kindly to that? I say | :46:45. | :46:53. | |
in all humility, publishers should learn not to make phone call. I | :46:53. | :47:03. | |
:47:03. | :47:05. | ||
can't do it if it isn't there. If it is there, I can't stop it. | :47:05. | :47:08. | |
You only have to wait until tomorrow for Newsnight when Kirsty | :47:08. | :47:18. | |
:47:18. | :47:42. | ||
will be here, until then, good Good evening, we had a bit of | :47:42. | :47:46. | |
sunshine today. But for tomorrow a bit of change, a lot more cloud | :47:46. | :47:50. | |
around. Some early brightness to the south and eastk but cloudier | :47:50. | :47:55. | |
skies arriving for the afternoon -- easily, but cloudier skies arriving | :47:55. | :47:58. | |
in the afternoon. Brighter across the North West England, still the | :47:58. | :48:02. | |
risk of showers, plenty of showers for the Midlands, East Anglia and | :48:02. | :48:06. | |
the south-east corner rb temperatures are 13 degrees, a cool | :48:07. | :48:10. | |
afternoon. The south west corner, slightly milder, 16, with some | :48:10. | :48:14. | |
brightness for the afternoon. Not a completely dry picture, with a | :48:14. | :48:17. | |
scattering of showers, and a similar story across Wales. We are | :48:17. | :48:20. | |
keeping the cool and blustery north-westerly breeze across much | :48:21. | :48:24. | |
of the country. Noticable for Northern Ireland, despite it being | :48:24. | :48:30. | |
fine and dry with sunny spells. Temperatures on the north coast 13. | :48:31. | :48:34. | |
In Scotland, the occasional brightness and showers scattered | :48:34. | :48:39. | |
across the north-east corner. That should increase in brightness as we | :48:39. | :48:43. | |
go through the afternoon. Edinburgh seeing something brighter, but more | :48:43. | :48:47. | |
cloud around through the day on Thursday. The winds strengthening | :48:47. | :48:51. |