Browse content similar to 11/05/2017. Check below for episodes and series from the same categories and more!
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Our manifesto will be an offer and we believe the policies | :00:00. | :00:14. | |
So what will voters make of this offer from Jeremy Corbyn? | :00:15. | :00:19. | |
Tonight, we analyse in full the politics, the policy | :00:20. | :00:27. | |
and the reaction to the leaked manifesto, as we | :00:28. | :00:29. | |
It has major spending implications for the country. | :00:30. | :00:36. | |
The voters want to see a bigger state. | :00:37. | :00:40. | |
It's not as if - from what we've seen, at any rate - | :00:41. | :00:43. | |
that they've come up with things that people don't want. | :00:44. | :00:45. | |
The problem is, they've come up with everything | :00:46. | :00:47. | |
Many of the ideas have a popular ring on the doorstep. | :00:48. | :00:51. | |
Will voters trust those bearing the message? | :00:52. | :00:53. | |
David Grossman has been gauging reaction. | :00:54. | :00:55. | |
But I'm loathe to say what I really think at the minute. | :00:56. | :01:03. | |
And where does this manifesto fit into the political firmament? | :01:04. | :01:09. | |
Our panel is raring to go, with our left-right blackboard. | :01:10. | :01:21. | |
It was not so long ago we moaned about all political parties looking | :01:22. | :01:26. | |
Failure to offer proper choice to the voter, | :01:27. | :01:31. | |
failure to bring anything new to the table. | :01:32. | :01:32. | |
Well, no-one looking at Labour's manifesto - | :01:33. | :01:34. | |
in whatever form it finally emerges - can parrot that line now. | :01:35. | :01:38. | |
If the leaked draft remains true to character, then this | :01:39. | :01:41. | |
is a bold political treatise, and one we're exploring | :01:42. | :01:43. | |
It offers a role for the state, perhaps not seen since the post-war | :01:44. | :01:48. | |
It seeks bigger national services for both health and education, | :01:49. | :01:57. | |
on top of the renationalisation of some rail and energy firms. | :01:58. | :02:00. | |
You can call it backward looking, if the talk of unions | :02:01. | :02:02. | |
and a new "Department for Labour" makes you think of the 1970s. | :02:03. | :02:05. | |
You can call it forward looking, if you think it speaks | :02:06. | :02:08. | |
to a generation emerging from Britain's worst | :02:09. | :02:10. | |
It is - in Jeremy Corbyn's words - 'a promise to transform | :02:11. | :02:14. | |
And it involves huge quantities of new spending, not yet costed. | :02:15. | :02:18. | |
Tonight, we will analyse the politics, the policies | :02:19. | :02:20. | |
Nick Watt, our political editor, is here now. | :02:21. | :02:26. | |
We know that we have not got the costings in what we know today, but | :02:27. | :02:34. | |
did this Satan more in a meeting about whether leagues came from? | :02:35. | :02:38. | |
Jeremy Corbyn is furious with the leak and he has commissioned an | :02:39. | :02:41. | |
independent Commission to find out what happened and his allies believe | :02:42. | :02:47. | |
the moderates, the people in the labour movement to tried and failed | :02:48. | :02:50. | |
to dislodge him last year, that they were behind the leak. They regard | :02:51. | :02:56. | |
this as a deeply hostile act to ensure that the manifesto was | :02:57. | :03:00. | |
betrayed as it was on the front page of the Daily Telegraph today as a | :03:01. | :03:05. | |
throwback to the 1970s. What these allies of Corbyn are saying, they | :03:06. | :03:09. | |
think the moderates want this to be seen as a new version of the 1983 | :03:10. | :03:13. | |
manifesto, so that would ensure a heavy defeat for Labour and they | :03:14. | :03:16. | |
would be able to come after him again. One Corbyn allies said they | :03:17. | :03:23. | |
are utterly confident the manifesto is not like 1983 and it is a punter | :03:24. | :03:28. | |
friendly. There are compromises but I was told if a socialist campaign | :03:29. | :03:33. | |
group of Labour MPs have persuaded the Ed Miliband to do this last | :03:34. | :03:37. | |
time, they would have been ecstatic. Any word from the moderates tonight? | :03:38. | :03:41. | |
Perish the thought they would have reached this manifesto, of course! | :03:42. | :03:46. | |
Some believe this manifesto is about turning out to the core Labour vote | :03:47. | :03:50. | |
on June 8th so Jeremy Corbyn does not suffer a heavy defeat and he can | :03:51. | :03:56. | |
stay on as Labour leader. I was told by one senior figure on the | :03:57. | :04:01. | |
so-called moderate side today that John McDonnell faced questioning | :04:02. | :04:05. | |
today over what was described as the vast spending commitments in this | :04:06. | :04:10. | |
manifesto, and he did say, it is fully costed and that will be | :04:11. | :04:14. | |
published next week. But then a senior Labour figure said this to | :04:15. | :04:19. | |
me, this manifesto, will never be implemented, so it is all rather | :04:20. | :04:24. | |
academic. So in a way, today really ended up being the unofficial launch | :04:25. | :04:26. | |
of the Labour manifesto. Prime Minister Corbyn? It has been a | :04:27. | :04:45. | |
bruising journey... For a manifesto he believes should provide the route | :04:46. | :04:52. | |
into Number 10. Today was meant to be a relatively low-key event. But | :04:53. | :04:57. | |
the traditional pre-election clause five meeting to approve the Labour | :04:58. | :05:01. | |
manifesto turned into a bit of a media circus after draft versions | :05:02. | :05:08. | |
will eat. If Jeremy Corbyn could wave a magic wand, he would not be | :05:09. | :05:12. | |
producing this exact document, it commits a future Labour government | :05:13. | :05:16. | |
to renewing Trident nuclear deterrent after he failed to change | :05:17. | :05:20. | |
party policy, but the leaked versions do encapsulate his key | :05:21. | :05:25. | |
beliefs about the need for a massive programme of public investment, the | :05:26. | :05:28. | |
gradual nationalisation of Hezbollah but railways and other state | :05:29. | :05:34. | |
intervention. -- Hezbollah but railways. Labour were forced to | :05:35. | :05:39. | |
finalise the manifesto at short notice but this did not have the | :05:40. | :05:44. | |
feel of something scribble out on the back of a packet. The details | :05:45. | :05:48. | |
will be set out to you including the costings for the pledges and | :05:49. | :05:54. | |
promises that we make. Chief strategist have been working on the | :05:55. | :05:58. | |
document since Jeremy Corbyn's election last year, after becoming | :05:59. | :06:01. | |
convinced the Prime Minister would go to the polls. One early | :06:02. | :06:07. | |
supporter, he became disillusioned with Jeremy Corbyn, was impressed. I | :06:08. | :06:12. | |
do think the manifesto in terms of its key policies and the vision, | :06:13. | :06:16. | |
because people generally do not vote on individual policies, a vision | :06:17. | :06:22. | |
about realising this country's great potential, not being held back | :06:23. | :06:26. | |
because of vested interests and investing in public services and the | :06:27. | :06:29. | |
economy, if that cuts through, Labour had a chance to turn this | :06:30. | :06:34. | |
around. One veteran of the Labour elections agrees this will appeal on | :06:35. | :06:38. | |
the doorsteps, but there is a weakness. It is an extraordinary | :06:39. | :06:42. | |
document from what we have seen, it has got everything in it. A | :06:43. | :06:46. | |
cornucopia of ideas, everything everybody said the focus group they | :06:47. | :06:49. | |
would like the Government to do for them. The problem is, that is kind | :06:50. | :06:54. | |
of not how it works with election pledges, that does not give you | :06:55. | :06:58. | |
credibility. Take the and energy prices, Ed Miliband introduced it | :06:59. | :07:02. | |
and promised it and they looked at him and did not believe he would | :07:03. | :07:05. | |
deliver. The so-called Labour moderates had feared the Corbyn team | :07:06. | :07:11. | |
would produce a 21st-century version of the party's 1983 manifesto, | :07:12. | :07:17. | |
famously dubbed the longest suicide note in history. One veteran of | :07:18. | :07:21. | |
Labour's most recent election loss believes this comparison is only | :07:22. | :07:26. | |
partially fair. You see quite a lot of material in this manifesto | :07:27. | :07:31. | |
familiar to people from the 2015 manifesto. I see quite a lot in this | :07:32. | :07:36. | |
manifesto which will be familiar for people who watched the 1983 general | :07:37. | :07:41. | |
election as we were heading to disaster. I think the truth the | :07:42. | :07:45. | |
manifesto and for a general election campaign is we never know what it | :07:46. | :07:50. | |
means until afterwards. The country will soon be sizing up the choice | :07:51. | :07:53. | |
between Labour and its vision of public investment and Theresa May | :07:54. | :07:58. | |
and have gained strong and stable leadership. Corbyn supporters | :07:59. | :08:03. | |
believe they are on stronger ground. David Cameron promised in the 2015 | :08:04. | :08:09. | |
election stability against the chaos of Ed Miliband, we have not had a | :08:10. | :08:12. | |
more chaotic period since World War II in British history so they have | :08:13. | :08:19. | |
not quite delivered on that. In four weeks' time, Britain could have a | :08:20. | :08:23. | |
Prime Minister who for 30 years was shunned by his own party as a | :08:24. | :08:27. | |
marginal figure on the left. We now have a chance to decide whether | :08:28. | :08:32. | |
Jeremy Corbyn's vision, with the odd revision, should entitle him to take | :08:33. | :08:33. | |
his place in Number 10. Barry Gardiner, who was in that | :08:34. | :08:38. | |
meeting, joins me now. The IFS says this manifesto | :08:39. | :08:41. | |
is about the state getting deeply involved in much more of the private | :08:42. | :08:48. | |
sector than it has been since 1970s, No, I don't think so at all. What we | :08:49. | :09:04. | |
are doing, we are trying to free people of from the things that are | :09:05. | :09:08. | |
holding them back. If you look at a young couple today, they cannot get | :09:09. | :09:13. | |
even a deposit for a rented accommodation, they cannot get a | :09:14. | :09:16. | |
mortgage, they cannot start a family. And they are saying, why? We | :09:17. | :09:22. | |
both have jobs, we both work, and we cannot do the things our parents | :09:23. | :09:26. | |
easily could have done at that age. Teachers feel they are not able to | :09:27. | :09:30. | |
be doing in schools and teaching children the way they would want. | :09:31. | :09:35. | |
But you would not be against the state getting bigger to help? It is | :09:36. | :09:40. | |
not about the state, it is bringing people up and letting them do the | :09:41. | :09:43. | |
things they can do and they should be doing, innovation. It was so | :09:44. | :09:50. | |
funny when you had the peace at the very beginning. The woman was almost | :09:51. | :09:55. | |
criticising this manifesto. The trouble is, this offers people | :09:56. | :10:01. | |
everything. This is IFS reading your manifesto it so far, the state | :10:02. | :10:05. | |
getting deeply involved in much more of the private sector in a way it | :10:06. | :10:09. | |
has not since the 1970s and perhaps the 1940s, that is wrong, we will | :10:10. | :10:13. | |
see a smaller state? Where will we be? What we are trying to do is | :10:14. | :10:19. | |
trying to enable people to get on with their lives and feel that they | :10:20. | :10:24. | |
are properly rewarded for doing the things that they just simply wants | :10:25. | :10:31. | |
to do. So is the state going to be bigger, smaller, the same? Very | :10:32. | :10:35. | |
simple question. The state will regulate in terms of taxation and | :10:36. | :10:38. | |
you have seen what the Conservatives have said, they will not give a | :10:39. | :10:43. | |
promised on VAT. We talk about nationalisation and intervention, | :10:44. | :10:47. | |
lots of ways he will spend more on infrastructure, you talk about a | :10:48. | :10:51. | |
national education service and National Health Service, so tell us | :10:52. | :10:55. | |
the state will get bigger and we are proud of it! Is it not wonderful we | :10:56. | :10:59. | |
are talking about putting half eight trillion pounds... White do you seem | :11:00. | :11:06. | |
to be embarrassed to be backing... I am not embarrassed, you are trying | :11:07. | :11:10. | |
to put me into a form of words and I do not want the form of words, we | :11:11. | :11:15. | |
should talk about the substance. You are talking semantics, and want to | :11:16. | :11:18. | |
talk about the substance. The substance that says we are going to | :11:19. | :11:23. | |
do it across three, not just eight second Crossrail in London, from the | :11:24. | :11:27. | |
West Coast to the East coast of the North of England. That is big ideas. | :11:28. | :11:32. | |
Is this a socialist manifesto and of the country votes for your Labour | :11:33. | :11:38. | |
government, do we become a socialist country, a Social Democrat country? | :11:39. | :11:42. | |
You are obsessed with labels, let's talk about the issue. There is a | :11:43. | :11:46. | |
philosophy here from a man that has believed the same things for three | :11:47. | :11:52. | |
decades. It is not just from a man, it is from today, there were 60 | :11:53. | :11:56. | |
people in that room. Ed Miliband said he was a socialist and proud, | :11:57. | :12:01. | |
are you a socialist, is this a socialist manifesto? The Labour | :12:02. | :12:04. | |
Party has always been a socialist Democratic party and that is where I | :12:05. | :12:08. | |
will always stand, but it is not about me and names, it is ensuring | :12:09. | :12:13. | |
the people who feel they are held back in this country... Shall start | :12:14. | :12:19. | |
centres are closing, they have taken ?4.6 million out of social care | :12:20. | :12:21. | |
because the health service, the figures today, 2.5 million people | :12:22. | :12:27. | |
now waiting more than four hours to get into an Accident and Emergency. | :12:28. | :12:32. | |
These are the issues. We are saying we have solutions to this and the | :12:33. | :12:36. | |
lady said it is what everybody wants. You are right, big efforts to | :12:37. | :12:40. | |
increase spending on social care and the NHS and education we heard from | :12:41. | :12:45. | |
Jeremy Corbyn yesterday. Taking back the franchises on the railways. One | :12:46. | :12:51. | |
area that will appeal to voters is immigration. Their rules and | :12:52. | :12:53. | |
reasonable management of immigration. There is not an awful | :12:54. | :12:59. | |
lot in the pages we have seen so far about the immigration policy. We | :13:00. | :13:02. | |
know you do not like the Theresa May idea of tens of thousands as a, is | :13:03. | :13:09. | |
there any? Theresa May does not like the tens of thousands idea because | :13:10. | :13:12. | |
she tried to get down to tens of thousands and she promised to when | :13:13. | :13:17. | |
she was Home Secretary and it is now 270,000. She did not do very well | :13:18. | :13:21. | |
here. That was when she was Home Secretary. You have said do not | :13:22. | :13:28. | |
bother with the cap? No, let me be clear, we will put our economic | :13:29. | :13:31. | |
policy before our immigration policy, and we will make sure we | :13:32. | :13:35. | |
have immigration into this country that is beneficial to our economy, | :13:36. | :13:40. | |
that creates jobs analysis ID, that allows us to be a prosperous and | :13:41. | :13:44. | |
innovative society where we are growing our economy. That is the | :13:45. | :13:50. | |
right way to do it. She is subordinating the economic policy to | :13:51. | :13:53. | |
immigration control. Am a Labour voter, I care about immigration and | :13:54. | :13:59. | |
I want to know, what that means in concrete terms and you say it is | :14:00. | :14:03. | |
270,000, would you be happy to see that go up? Let me be very clear, at | :14:04. | :14:07. | |
the moment for the rest of the world, we have immigration controls. | :14:08. | :14:16. | |
Different types of user. That is what we have. They have those | :14:17. | :14:20. | |
controls in place. And talk to me broadly, would you be happy if it | :14:21. | :14:26. | |
went up? Immigration numbers will always go both down and up according | :14:27. | :14:30. | |
to the needs of the economy. If they go up to half a million, you are | :14:31. | :14:35. | |
relaxed? If it is beneficial to our economy and it provides jobs and | :14:36. | :14:38. | |
growth in this country, and if that jobs and growth is distributed | :14:39. | :14:44. | |
fairly through the system, because that has been a problem with the way | :14:45. | :14:49. | |
society is run, it has not been distributed fairly through the | :14:50. | :14:49. | |
system. It could go up to one million and | :14:50. | :14:57. | |
you would say, that's fine, we are relaxed because it is benefiting the | :14:58. | :15:01. | |
economy? It is silly trying to trap me into a number. It is not a trap. | :15:02. | :15:06. | |
You are talking to voters for whom immigration is literally the central | :15:07. | :15:11. | |
issue, it is what drove many people to vote for Brexit... Is it? Do you | :15:12. | :15:15. | |
not think their job is the central issue, they are not in a zero hour | :15:16. | :15:19. | |
contract and they can't afford to even set up a home or start a | :15:20. | :15:26. | |
family, is that not the central issue. Labour's message is that | :15:27. | :15:31. | |
immigration is not a priority. Again, you are trying to trap me | :15:32. | :15:35. | |
into a form of words. It is not about it not being a priority or not | :15:36. | :15:39. | |
the number one priority, we are saying the key thing in our society | :15:40. | :15:44. | |
is to have a fair society, that is why we are talking about their | :15:45. | :15:47. | |
management and control about immigration. There is nothing in | :15:48. | :15:51. | |
here about free movement. Of course not. Free movement, when we leave | :15:52. | :15:55. | |
the European Union, and we accept we are leaving the EU, the free | :15:56. | :16:03. | |
movement of people goes. The free movement only exists within the | :16:04. | :16:05. | |
internal market and we are not going to be in the internal market. And | :16:06. | :16:08. | |
you are accepting that if a Labour government is in power free movement | :16:09. | :16:13. | |
world of? We have already said that! You are behind the times. -- free | :16:14. | :16:19. | |
movement of people would go. That is not in your manifesto, why don't you | :16:20. | :16:23. | |
say it? Forgive me, you have seen a leaked draft of a manifesto, you | :16:24. | :16:29. | |
haven't seen before manifesto. Is it in the 41? You will see on Tuesday. | :16:30. | :16:34. | |
Keir Starmer has been saying for weeks that the Labour Party accepts | :16:35. | :16:38. | |
that we are leaving the EU, and as we are leaving we are no longer | :16:39. | :16:42. | |
going to be a member of the EU, and therefore free movement of peoples | :16:43. | :16:46. | |
to because it is free movement within the internal market. That is | :16:47. | :16:52. | |
not actually in the draft. Let's go to be exciting things about this | :16:53. | :16:57. | |
manifesto, let's talk about the way we have a vision for society about | :16:58. | :17:02. | |
innovation, a vision for society creating a low carbon economy, low | :17:03. | :17:06. | |
carbon future, doing all of the things for the environment, making | :17:07. | :17:09. | |
sure that we protect the environment in the way that this Government | :17:10. | :17:13. | |
wants to deregulate it. This is a wonderful list of policies, there is | :17:14. | :17:18. | |
a something of everyone, it is a catalogue of delightful things, and | :17:19. | :17:22. | |
yet we have this Mirror poll of people you are pursue Mowgli quite | :17:23. | :17:25. | |
friendly towards. On the back of this they are saying that | :17:26. | :17:29. | |
fundamentally -- people you are presumably quite friendly towards. | :17:30. | :17:32. | |
They are saying there is no confidence in the capability of the | :17:33. | :17:37. | |
leadership to deliver this. Let me be absolutely clear, on Tuesday next | :17:38. | :17:41. | |
week when we launched this manifesto, every single element of | :17:42. | :17:46. | |
this manifesto will be costed, absolutely clearly, how much it's | :17:47. | :17:57. | |
going to cost and where that money is coming from. So we are absolutely | :17:58. | :18:00. | |
clear that we can deliver all the things that we are promising to do. | :18:01. | :18:03. | |
Even though a week ago today you were losing 500 councillors in the | :18:04. | :18:05. | |
local actions, you were losing in the south valleys of Wales. What has | :18:06. | :18:08. | |
that got to do with money? I don't talk about money, I talked about | :18:09. | :18:12. | |
credibility in your party to deliver this. Surely you have already been | :18:13. | :18:15. | |
to the electorate wants this month and they don't team to believe that | :18:16. | :18:20. | |
you are the party that is capable of delivering? You think we have lost | :18:21. | :18:25. | |
this election before the vote has counted, I don't. I believe this is | :18:26. | :18:29. | |
a transformative manifesto, I believe what your introduction said, | :18:30. | :18:32. | |
this is telling people that Labour will deliver all of the things that | :18:33. | :18:38. | |
they genuinely want, or they -- all the things that have been holding | :18:39. | :18:43. | |
them back will be taken away, there will be a redress of the | :18:44. | :18:45. | |
inequalities in this country, that is the way that people can move from | :18:46. | :18:50. | |
what they thought about local elections in rural areas to what's | :18:51. | :18:55. | |
going to happen Won Jun Lee eight. Because we have policies. -- on June | :18:56. | :19:00. | |
88. The Conservative Party will not give you a single policy. They have | :19:01. | :19:04. | |
kept their minister is quiet the whole time. Will areas like Glasgow | :19:05. | :19:09. | |
decide? We have the policies to take Britain forward, they don't. Thank | :19:10. | :19:10. | |
you, Barry Gardiner. So, will this emerge | :19:11. | :19:15. | |
as the manifesto Jeremy Corbyn has How radical will it | :19:16. | :19:18. | |
look in practice? Perhaps the standout statement | :19:19. | :19:21. | |
is the unashamed commitment to some higher taxes | :19:22. | :19:23. | |
and greater public spending - of politicians on all sides have | :19:24. | :19:25. | |
shied away from saying out loud. We know little of the costing | :19:26. | :19:29. | |
details of the commitment - We have been told it has already | :19:30. | :19:32. | |
been sorted out. But what would Corbyn's | :19:33. | :19:36. | |
Britain look like? Here's our policy | :19:37. | :19:38. | |
editor, Chris Cook. The leaked Labour manifesto has | :19:39. | :19:39. | |
certainly proved to be distinctive. Each newspaper has | :19:40. | :19:42. | |
found something to say. Not least because the | :19:43. | :19:43. | |
document promises a lot From what we can tell, | :19:44. | :19:45. | |
Labour are planning a substantial increase in tax, possibly an even | :19:46. | :20:07. | |
bigger increase in spending. But they do have a rule on debt - | :20:08. | :20:10. | |
it says it has to fall as a share of national income over | :20:11. | :20:20. | |
the parliament, and it's possible that even with their additional | :20:21. | :20:22. | |
borrowing, they'd be on course will try to make the case, | :20:23. | :20:26. | |
as they always do, that What Labour's political opponents | :20:27. | :20:34. | |
will be doing is going through it, looking for expensive things, | :20:35. | :20:37. | |
and trying to kind of come up with a grand total for how much | :20:38. | :20:40. | |
the Labour platform costs, to try to undermine its credibility, | :20:41. | :20:43. | |
so that people can't go, actually, I quite like that idea, | :20:44. | :20:47. | |
because the truth is But manifestos aren't | :20:48. | :20:49. | |
bean-counting exercises, And this one focuses on a large | :20:50. | :20:54. | |
part on the gig economy. Labour wants to raise | :20:55. | :20:57. | |
employment standards through higher minimum wages | :20:58. | :20:59. | |
and so-called sectoral bargaining. Sectoral bargaining would really | :21:00. | :21:06. | |
help workers in low-paid industries like care, | :21:07. | :21:09. | |
hospitality and logistics. But it would help good | :21:10. | :21:11. | |
employers too, and stop them And it's very simple - | :21:12. | :21:14. | |
it's about setting a framework a framework agreement - | :21:15. | :21:19. | |
employers and unions and setting minimum | :21:20. | :21:21. | |
standards for pay, skills It's still the case, even today, | :21:22. | :21:24. | |
that your public services are by and large run | :21:25. | :21:28. | |
by public sector workers. But it's also true that in recent | :21:29. | :21:30. | |
decades policymakers have got more relaxed about the idea that, | :21:31. | :21:33. | |
if the public sector can't offer the service they want | :21:34. | :21:36. | |
at a price they like, they'll go to the private | :21:37. | :21:38. | |
sector instead. And this draft manifesto proposes | :21:39. | :21:42. | |
changing direction on that front. Specifically, it suggests ending | :21:43. | :21:46. | |
the franchising of rail services, and proposes reversing | :21:47. | :21:54. | |
the involvement of the private The manifesto also proposes | :21:55. | :21:56. | |
changes for companies And proposes extensions | :21:57. | :21:59. | |
of the role of the state. I'll tell you this, I wouldn't be | :22:00. | :22:17. | |
sorry if it was a 60% tax... But this is all a long way | :22:18. | :22:22. | |
to the right of where Mr Corbyn used There's no wider | :22:23. | :22:26. | |
nationalisation plan. How, then, have some of Mr Corbyn's | :22:27. | :22:28. | |
old friends taken it? Back in 1993 I was a young | :22:29. | :22:48. | |
Bennite foot soldier, very taken on the idea | :22:49. | :22:52. | |
of a fundamental reverse shift in the balance of power | :22:53. | :22:54. | |
towards working people We were talking about | :22:55. | :22:56. | |
policies such as a planned nationalisation of one key company | :22:57. | :23:03. | |
in every economic sector. Clearly what we've got today | :23:04. | :23:09. | |
is nothing like that. But Britain is a very | :23:10. | :23:11. | |
different country. This is very much the right package | :23:12. | :23:13. | |
for Britain in 2017. For left stalwarts, it's a step | :23:14. | :23:16. | |
in the right direction. And some of their ambitions | :23:17. | :23:18. | |
about the role of the state have As when Margaret Thatcher | :23:19. | :23:21. | |
said they would. 3.5 years ago, defenders | :23:22. | :23:24. | |
of the status quo tried to brand How absurd it will seem in a few | :23:25. | :23:27. | |
years' time that the state ran Pickfords removals | :23:28. | :23:35. | |
and Gleneagles hotels. So it's not a 1970s Labour left | :23:36. | :23:45. | |
prospectus - this isn't 1983. But you probably won't be able | :23:46. | :23:48. | |
to tell that from the attacks So, does this manifesto tell us | :23:49. | :23:51. | |
the age of austerity is dead Joining us now - Ann Pettifer, | :23:52. | :23:55. | |
Keynesian economist. And John Peet, Political Editor | :23:56. | :23:59. | |
at The Economist. It does seem interesting this time | :24:00. | :24:07. | |
around, it is not just Labour, nobody is really talking about | :24:08. | :24:11. | |
posterity, debt or the deficit. Have we just sort of shelf that now -- | :24:12. | :24:17. | |
austerity. Yes, it didn't work. Economists told politicians but all | :24:18. | :24:20. | |
they had to do was cut spending and the public debt would fall. The | :24:21. | :24:25. | |
public debt has doubled we stayed high. The politicians are now both | :24:26. | :24:31. | |
confused and embarrassed. -- has stubbornly stayed high. We are in | :24:32. | :24:34. | |
limbo, not knowing which way to turn. I hope people have finally | :24:35. | :24:39. | |
realised that actually you don't pay for public services from taxation, | :24:40. | :24:44. | |
and governments have never paid for public services from taxation, they | :24:45. | :24:48. | |
loan finance. You loan finance to pay the public service. There was a | :24:49. | :24:52. | |
certain moral high ground but all people were saying, don't pass that | :24:53. | :24:56. | |
on to your grandchildren, don't saddle the Next Generation, but now | :24:57. | :24:59. | |
we have? We have saddled future generations with a lot of debt. It | :25:00. | :25:09. | |
has quietly gone out of the window, there two reasons. Brexit will be | :25:10. | :25:11. | |
the overwhelming issue of the next Government, whoever it is. The | :25:12. | :25:13. | |
deficit has come down quite substantially. Even in this | :25:14. | :25:16. | |
manifesto, John McDonnell, the Shadow Chancellor, is insisting that | :25:17. | :25:19. | |
everything is carefully costed and there is a promise they will try to | :25:20. | :25:22. | |
balance the current budget within five years. They are at least in | :25:23. | :25:26. | |
their language still talking about reducing the budget deficit and not | :25:27. | :25:32. | |
adding to the public debt. In this sense, it is an extraordinarily | :25:33. | :25:35. | |
conventional politician, you know, he is. And the Labour Party, the | :25:36. | :25:40. | |
Labour governments have been far more fiscally Conservative than the | :25:41. | :25:44. | |
Conservative governments. I'm not sure I agree with that. Neither | :25:45. | :25:48. | |
party seems nearly as scared of nationalisation this time around, | :25:49. | :25:52. | |
whether it is talk of the railways, Royal Mail, or in Theresa May's | :25:53. | :25:56. | |
case, a cap on energy fees. There is intervention either side now, right? | :25:57. | :26:01. | |
We have had the wrist massive state intervention in our economy in our | :26:02. | :26:05. | |
history. We found 1000 billion pounds to bailout the banking system | :26:06. | :26:09. | |
overnight. That was a state intervention. The state is currently | :26:10. | :26:18. | |
backing all of the world's big banks, with government guarantees, | :26:19. | :26:20. | |
with easy money at low interest rates. I wonder if Labour has read | :26:21. | :26:23. | |
the mood of the nation right. Actually we are prepared for more | :26:24. | :26:25. | |
state intervention, certainly the new generation want more. Write | :26:26. | :26:30. | |
there are certainly areas where nobody can object to the principle, | :26:31. | :26:35. | |
the state-owned railway. This has come up before. I do think the | :26:36. | :26:39. | |
general direction of this manifesto, and sometimes I have to say the | :26:40. | :26:42. | |
general direction of the Tory government and the Mrs May, has been | :26:43. | :26:47. | |
one in which they talk up an industrial strategy and more | :26:48. | :26:50. | |
intervention in the labour market, this manifesto is replacing 20 new | :26:51. | :26:55. | |
workers' rights, it is suggesting we move British labour Lord Ahmad give | :26:56. | :26:58. | |
more by continental European law, in which it is harder to fire people -- | :26:59. | :27:04. | |
British labour law more like Continental. Individual parts of | :27:05. | :27:11. | |
this will be very popular, the rail will be popular, it sounds popular | :27:12. | :27:16. | |
to say, let's get rid of zero hours contracts. But the lesson that we | :27:17. | :27:21. | |
did learn in the 60s, 70s and 80s is that excessive state ownership can | :27:22. | :27:25. | |
be bad for the economy and excessive regulation of the labour market, | :27:26. | :27:29. | |
which we have seen in continental Europe, can ride up unemployment. | :27:30. | :27:33. | |
This is not a state market issue. If the economy were thriving and the | :27:34. | :27:38. | |
banks were servants of the economy and not masters of the economy, if | :27:39. | :27:42. | |
the finance sector hadn't wrecked the economy, the private sector | :27:43. | :27:45. | |
would be very much bigger than a share of the whole economy. What | :27:46. | :27:48. | |
happens when the private sector shrinks, as it has done over the | :27:49. | :27:52. | |
last ten years, not recovered, is that the state becomes a bigger part | :27:53. | :27:55. | |
of the cake. The point that all politicians should take on board is | :27:56. | :27:59. | |
that to make the cake bigger should be the key aim. Because of how thick | :28:00. | :28:05. | |
the IFS is, the fixation on this part of the economy,... When you are | :28:06. | :28:14. | |
talking about rising Corporation Tax levels, you know, the implication | :28:15. | :28:17. | |
blog determines you are going to make it possibly less attractive at | :28:18. | :28:21. | |
a time of Brexit for people to come in. There is no correlation between | :28:22. | :28:25. | |
rising Corporation Tax and increased or lower investment. In fact, we | :28:26. | :28:31. | |
have a really big problem with very low investment by our... I wouldn't | :28:32. | :28:36. | |
necessarily agree. The reason why many countries have cut Corporation | :28:37. | :28:41. | |
Tax rate is because it is a good way of attracting foreign investment, | :28:42. | :28:43. | |
and it has worked in this country, we have had high foreign investment. | :28:44. | :28:47. | |
It is a more general thing, if you are going to use a system where you | :28:48. | :28:52. | |
say, we are going to regulate the amount of pay that companies | :28:53. | :28:55. | |
campaign and we are going to introduce requirements in companies, | :28:56. | :28:59. | |
you are interfering in the marketplace. Mrs May is trying to do | :29:00. | :29:04. | |
that, like all politicians you realise the public are very unhappy | :29:05. | :29:07. | |
with the 1% running away with all of the gains from this crisis and the | :29:08. | :29:10. | |
rest of us having to carry the burden, and that is the political | :29:11. | :29:14. | |
reality. A bigger role for the state is not going to produce a better | :29:15. | :29:19. | |
economy. But it saved the banks. I'll see you in the Green room later | :29:20. | :29:21. | |
and we can on! Thank you. Jeremy Corbyn promised today | :29:22. | :29:24. | |
the manifesto contained policies And perhaps it's hard | :29:25. | :29:26. | |
to argue with the sound Extra funding for the NHS, | :29:27. | :29:30. | |
financial provision for social care, equal rights for all workers | :29:31. | :29:33. | |
and free childcare. But of course, there's | :29:34. | :29:35. | |
a cost to all this first, and an implementation | :29:36. | :29:38. | |
of it all after. So what do voters make of what's | :29:39. | :29:39. | |
on offer, and do they believe Jereym Corbyn is the man they trust | :29:40. | :29:42. | |
to deliver it? Although Jeremy Corbyn didn't | :29:43. | :29:45. | |
officially set out his stall today, we got some pretty strong | :29:46. | :29:52. | |
indications of what he and his Renationalising rail | :29:53. | :29:55. | |
and Royal Mail services, Increasing the minimum wage, | :29:56. | :29:57. | |
as well as abolishing tuition fees. More cash for the NHS and more | :29:58. | :30:11. | |
cash for social care, According to polling, | :30:12. | :30:14. | |
all of them get pretty strong It's places like this, Watford, | :30:15. | :30:19. | |
that Jeremy Corbyn and Labour need their manifesto | :30:20. | :30:25. | |
to have maximum impact. It was Labour until 2010, when it | :30:26. | :30:26. | |
went over to the Conservatives. But if Jeremy Corbyn wants | :30:27. | :30:35. | |
to be Prime Minister, he more or less has to retake | :30:36. | :30:37. | |
seats like this. Do those sorts of policies | :30:38. | :30:40. | |
sound attractive to you? I mean, I've got an 18-year-old | :30:41. | :30:42. | |
who's thinking of going to university, so the fee | :30:43. | :30:50. | |
element is brilliant. Utilities, as a parent as well, | :30:51. | :30:52. | |
we have to look at bills and stuff. I mean, I used to travel to London | :30:53. | :30:56. | |
as well and it's a nightmare. If they had those policies, | :30:57. | :31:00. | |
I would vote for them. And that would be enough | :31:01. | :31:02. | |
to change your mind? At the moment, you know, | :31:03. | :31:06. | |
who do I vote for? I worked for the railway for 32 | :31:07. | :31:11. | |
years, so I'd definitely like to see Would you vote for a party that | :31:12. | :31:15. | |
gave you those policies, But I'm loathe to say what I really | :31:16. | :31:19. | |
think at the minute. Theresa May has got some charisma, | :31:20. | :31:27. | |
where you feel like if she says she's going to do something, | :31:28. | :31:32. | |
that she will do it. Although I'm a great | :31:33. | :31:35. | |
believer in Labour policy, Although by no means | :31:36. | :31:40. | |
a scientific survey, the attitudes we found in Watford | :31:41. | :31:49. | |
are backed up by polling, about how people decide | :31:50. | :31:52. | |
who to vote for. For a lot of people, | :31:53. | :31:54. | |
it's not about specific policies. So a lot of people want education | :31:55. | :31:59. | |
in this country to improve, but they won't really be interested | :32:00. | :32:03. | |
in how the parties go about that. A lot of people want the health | :32:04. | :32:08. | |
service to get better, but the minutiae of the detail | :32:09. | :32:12. | |
about health service policy And they want a strong | :32:13. | :32:15. | |
economy that is growing, but they are not really interested | :32:16. | :32:19. | |
in how the parties go about that. And so it comes down | :32:20. | :32:22. | |
to who they trust, who they think can be effective, and who they think | :32:23. | :32:25. | |
can be a strong leader, and that is where Labour is behind | :32:26. | :32:28. | |
at the moment and needs to improve. Although of course important, | :32:29. | :32:31. | |
manifestos on their own, it seems, The temptation is always to find | :32:32. | :32:34. | |
a name for a political philosophy. Are we looking at a Bennite vision, | :32:35. | :32:38. | |
the ghost of Kinnock, It is irrepressible - | :32:39. | :32:40. | |
the urge to box something up, place it, describe it | :32:41. | :32:44. | |
with what you know? So instead of fighting | :32:45. | :32:45. | |
it, we gave in to it. We've come up with this - our grid - | :32:46. | :32:50. | |
to describe where our pundits think. Where Corbyn sits amongst | :32:51. | :32:53. | |
other Labour leaders. On the left, we have Michael Foot - | :32:54. | :32:57. | |
1983's manifesto. In the middle, we have Ed Miliband | :32:58. | :33:08. | |
from 2015. And we have style at the top and | :33:09. | :33:15. | |
substance here. Stephen Bush is Special | :33:16. | :33:26. | |
Correspondent for the New Statesman. And Faiza Shaheen, Director | :33:27. | :33:30. | |
of the Thinktank Class. I am going to give you a rosette | :33:31. | :33:39. | |
each. Magnetic. This has Jeremy Corbyn on it. Can you give a sense | :33:40. | :33:43. | |
and you can shift these around, where you place Jeremy Corbyn? | :33:44. | :33:49. | |
Substance and style and left and right, in terms of the manifesto | :33:50. | :33:53. | |
draft we have seen so far. This is really tricky because it is about | :33:54. | :33:57. | |
context, the context in which we have seen this manifesto today and | :33:58. | :34:02. | |
we know that we have nurses going to food bags and young people in debt, | :34:03. | :34:07. | |
consumer debt is rising. A bunch of problems. A lot of stuff in the | :34:08. | :34:14. | |
manifesto looks sensible. So I have a problem with this. I am really | :34:15. | :34:20. | |
struggling. You can shift the middle if that is what you are saying. | :34:21. | :34:25. | |
Sorry, yes. I'm going to put it here. Maybe I can move it around in | :34:26. | :34:30. | |
the end. It has substance and style and it is to the left, but each of | :34:31. | :34:35. | |
these leaders, you have to understand in the context of the | :34:36. | :34:38. | |
situation. To the left of Ed Miliband but not as far left as some | :34:39. | :34:42. | |
people have said, in between Michael Foot and Ed Miliband? Yes, fair | :34:43. | :34:46. | |
enough, he goes further on some things. Congratulations on the money | :34:47. | :34:52. | |
that you have spent on this! Saving the licence fee payer money. Michael | :34:53. | :34:58. | |
Foot, I think, should be a little bit further down and to the right | :34:59. | :35:03. | |
because I think Jeremy Corbyn is intrinsically to the left of Michael | :35:04. | :35:06. | |
Foot. He was in the Labour government for many years. You have | :35:07. | :35:14. | |
got your own rosette, is yours. Ed Miliband deserves to be squeezed in | :35:15. | :35:20. | |
the middle. He was a bit more to the left. And Tony Blair, you have put | :35:21. | :35:26. | |
on the extreme right. He was not if you look at a lot of the things he | :35:27. | :35:30. | |
did, people on the left should be proud of them but they are not for | :35:31. | :35:33. | |
some reason. So a bit further to the left. Everyone has moved to the | :35:34. | :35:39. | |
left? I am tempted but Jeremy Corbyn here. It will not stick. Overdue. I | :35:40. | :35:50. | |
am also going to move at and Tony around. I am going to move Ed a bit. | :35:51. | :35:57. | |
Imagine for a moment Jeremy Corbyn was saying, I am going to declare | :35:58. | :36:01. | |
everyone in the Metropolitan Police is racist. We would go, is he a | :36:02. | :36:06. | |
Communist? But Tony Blair did that. If he would increase the statutory | :36:07. | :36:11. | |
form for how much people are paid by 100%, we would say that is radical, | :36:12. | :36:15. | |
but Tony Blair did that. Jeremy Corbyn said, I am going to make | :36:16. | :36:19. | |
every museum and art gallery free, we would say, who is this man? But | :36:20. | :36:25. | |
Tony Blair did that. In many ways, the style axis is the most | :36:26. | :36:29. | |
important. So Jeremy is out to the left in terms of style and Ed in | :36:30. | :36:36. | |
between. Style to substance, so he has less substance? They are all | :36:37. | :36:41. | |
substantial documents, but Jeremy Corbyn is running on a posture of | :36:42. | :36:47. | |
left-wing politics whereas Tony Blair's priority was to reassure the | :36:48. | :36:51. | |
middle classes, aspirational working-class people, who did not | :36:52. | :36:54. | |
usually vote Labour. And if you look at the tone of all former | :36:55. | :37:01. | |
manifestos, they are a lot closer together -- four manifestos. That is | :37:02. | :37:06. | |
where Jeremy Corbyn fails, Tony Blair got people voting Labour that | :37:07. | :37:10. | |
had never voted Labour in the past. In the manifesto today, it does not | :37:11. | :37:17. | |
appeal. Even though there is a poll from the Daily Mirror tonight that | :37:18. | :37:22. | |
these different policies people quite like individually, adding them | :37:23. | :37:25. | |
together, they do not. And that is where Jeremy Corbyn should not be | :37:26. | :37:29. | |
there, he should be much further to the left and may be less substance. | :37:30. | :37:34. | |
I do not think that is to do with the policies. That is to do with | :37:35. | :37:40. | |
other things. One of the things in the discussion before was about the | :37:41. | :37:43. | |
credibility of those policies and whether they have the money to back | :37:44. | :37:48. | |
it up. That complicates this. Ed Miliband probably would have wanted | :37:49. | :37:52. | |
to go this left but did not because they bought into, you can only spend | :37:53. | :37:58. | |
as much as you have and they would not admit to any borrowing. There | :37:59. | :38:03. | |
has been a brake on that in the late manifesto today. A bit of a break! | :38:04. | :38:10. | |
We have not seen... If what they are saying is right and it goes down to | :38:11. | :38:14. | |
leadership and capability in terms of who the leader is, none of the | :38:15. | :38:19. | |
policies even matter. We're not at that point? No, people see things | :38:20. | :38:25. | |
through the policies and Jeremy Corbyn is against somebody who's | :38:26. | :38:29. | |
manifesto is, trust me, it will be OK. This could break the narrative | :38:30. | :38:33. | |
of the election, do you think? What matters is if they can turn people | :38:34. | :38:38. | |
around and if you put trust Jeremy Corbyn in Downing Street, and people | :38:39. | :38:41. | |
see the policies through the Prism of the leader. That is what this | :38:42. | :38:46. | |
chart reveals. If we had a focus group, it would put Tony Blair in | :38:47. | :38:51. | |
the middle, Ed to the left a little bit and most people would not know | :38:52. | :38:54. | |
who Michael Foot was, and they would say Jeremy Corbyn is a bit to my | :38:55. | :39:00. | |
left as well. But really, it is about whether the leader is | :39:01. | :39:03. | |
reassuring people. Is there anything Theresa May has taken from today | :39:04. | :39:08. | |
last night's manifesto she will take? If you had but Theresa May in | :39:09. | :39:12. | |
front of a computer and said, would you like to write the Labour | :39:13. | :39:17. | |
manifesto to your maximum benefit, she would have written 90% of this. | :39:18. | :39:21. | |
It plays into her playbook. She also took a policy of Ed Miliband two | :39:22. | :39:28. | |
years ago. In a manifesto of this month, there will be things that | :39:29. | :39:32. | |
sound quite good, I have read all 45 pages and there were things that | :39:33. | :39:37. | |
sound OK. Adding the policies together, it plays into Conservative | :39:38. | :39:40. | |
hands. She is framing the selection on two things, Brexit, with three | :39:41. | :39:46. | |
pages on that which says nothing, and the presidential contest between | :39:47. | :39:50. | |
her and Jeremy Corbyn. In the last week of campaign, I will tell you | :39:51. | :39:54. | |
right now, it will be pitching herself again Jeremy Corbyn to say, | :39:55. | :39:58. | |
who do you think will negotiate best in Brussels? They have gone off that | :39:59. | :40:03. | |
a bit but they will return to that. I am glad you brought Theresa May, | :40:04. | :40:06. | |
it is strange to do this exercise just comparing Labour with Labour, | :40:07. | :40:11. | |
we should compare Labour with what the Conservatives want to do. We | :40:12. | :40:15. | |
have not heard much about what they will do on schools and the NHS, lots | :40:16. | :40:21. | |
of these issues that Corbyn has listed in these documents. It is | :40:22. | :40:25. | |
about comparing what it is, you are right they want to focus on Brexit | :40:26. | :40:30. | |
and leadership. You want us to come back next week! The reason why we | :40:31. | :40:36. | |
are comparing Labour in 2015, Labour got 9 million votes and the Tories | :40:37. | :40:41. | |
11 million. There is nothing any of these rosettes of that those two | :40:42. | :40:44. | |
million people they need to move over to suggest they are any better | :40:45. | :40:47. | |
than Ed. Thank you very much indeed. But before we go, we were wondering | :40:48. | :40:50. | |
whether you could give us a hand? We've noticed that there are certain | :40:51. | :40:55. | |
politicians that appear to be being kept off the | :40:56. | :40:58. | |
airwaves at the moment. Newsnight has sent John Sweeney | :40:59. | :41:00. | |
in pursuit of one of them - the Environment Secretary, | :41:01. | :41:04. | |
Andrea Leadsom. She's evaded him so far, | :41:05. | :41:05. | |
apart from this cryptic tweet. If anyone knows where these woods | :41:06. | :41:07. | |
are, do let us know. Thing is turning more unsettled from | :41:08. | :41:32. | |
the South through the day today and it will turn | :41:33. | :41:33. |