:00:12. > :00:14.For 60 years the Queen has been delivering her speech
:00:15. > :00:16.at the opening of Parliament - but has she ever seen
:00:17. > :00:24.A minority government, with no deal and a weakened leader.
:00:25. > :00:27.How can the Government begin to set the agenda
:00:28. > :00:41.Nine years on from the financial crash,
:00:42. > :00:44.Barclays bankers face charges - is this a moment for major public
:00:45. > :00:53.catharsis against those we thought untouchable?
:00:54. > :00:57.And the printed press turning up the dial on Jeremy Corbyn.
:00:58. > :00:59.Did the tabloid propaganda machine misfire, or has
:01:00. > :01:06.We all have to recognise that we don't have a monopoly now.
:01:07. > :01:08.We've got new forces, disruptive forces that
:01:09. > :01:21.are fundamentally changing the media landscape.
:01:22. > :01:25.There is something vaguely absurd about the prospect
:01:26. > :01:40.Perhaps it was the dawning realisation that led to a stripping
:01:41. > :01:44.down of the pomp and ceremony of tomorrow's Queen's Speech. Gone, we
:01:45. > :01:47.now understand, will be elements usually reserved for such occasions.
:01:48. > :01:49.Strangely appropriate, for a government having to moderate its
:01:50. > :01:51.own ambition. The first Queen's Speech
:01:52. > :01:53.after an election is traditionally a time to reassure the people
:01:54. > :01:55.there is a steady hand. A sense of direction,
:01:56. > :01:57.and a parliamentary agenda to be laid out -
:01:58. > :02:01.the product of the nation's vote. We returned a minority government -
:02:02. > :02:08.with as yet no DUP deal - We are revisiting questions
:02:09. > :02:13.about the decisions taken a year ago And we have emerged
:02:14. > :02:19.from the horrific events of recent Our political editor
:02:20. > :02:31.Nick Watt is here for us. We're going to start with the deal,
:02:32. > :02:36.or no Deal, with the DUP? The mood music between them did not look
:02:37. > :02:39.great today. At Stormont, the DUP said the Tories mustn't take them
:02:40. > :02:43.for granted. It feels to me there will be a version of the supply am
:02:44. > :02:48.confident steel, that is not a full coalition, possibly on Thursday this
:02:49. > :02:53.week. As I understand it, the DUP is looking at two core principles. In
:02:54. > :02:58.the first instance, as Unionists, they would like to get games for the
:02:59. > :03:01.United Kingdom as a whole. Maybe deep pension triple lock will
:03:02. > :03:05.survive. In the second place, they want gains for Northern Ireland.
:03:06. > :03:09.Crucially, they are saying this will not be for the DUP, they will be for
:03:10. > :03:13.Northern Ireland as a whole, a big emphasis on building up and
:03:14. > :03:18.improving what they describe as Northern Ireland's creaking
:03:19. > :03:23.infrastructure. Where do you see us on Brexit? The numbers in parliament
:03:24. > :03:27.after the election have moved in a mildly soft Brexit direction. I have
:03:28. > :03:33.been speaking to senior Tories who believe they can stop the government
:03:34. > :03:37.leaving the EU without a deal. They are saying that, if such a scenario
:03:38. > :03:41.is looming, they would be able to pass, they would have the numbers to
:03:42. > :03:45.pass, a very simple amendment to the Repeal Bill, the measure that will
:03:46. > :03:50.convert the body of all EU law into UK law, before the UK decides which
:03:51. > :03:57.bits it wants to get rid of. That amendment would, very simply, they
:03:58. > :04:01.say, cancelled the repeal of the 1972 European Communities Act, which
:04:02. > :04:08.provided the lawful basis for our accession into the EEC, which then
:04:09. > :04:12.became the EU. The idea is this, they want to discourage the
:04:13. > :04:15.Government from going down the no Deal route, by saying in Parliament,
:04:16. > :04:23.could complicate Brexit effectively obliging ministers to go back to the
:04:24. > :04:29.EU and ask for an extension of the article 15 negotiations. Westminster
:04:30. > :04:33.now has a very different feel with a minority government. I have been
:04:34. > :04:38.looking at how tomorrow might pan out.
:04:39. > :04:43.As the UK Basques in glorious sunshine, you could be forgiven for
:04:44. > :04:48.thinking we have stepped back in time. It was for decades ago that
:04:49. > :04:52.Britain experienced a prolonged heatwave and life under a government
:04:53. > :04:56.with a tenuous grip on Parliament. Westminster will be treated to a
:04:57. > :05:00.familiar sight tomorrow, as Her Majesty breaks into Royal Ascot to
:05:01. > :05:05.deliver her delayed Queen's Speech. The pomp and ceremony, slimmed down
:05:06. > :05:10.in the circumstances, will suggest that the ship of state sales on in
:05:11. > :05:15.magisterial style. But this will be a minority government that will have
:05:16. > :05:19.to cut deals to survive. Theresa May had hoped to secure a deal with the
:05:20. > :05:24.DUP by tomorrow. That has still not been agreed, giving a taste of how
:05:25. > :05:27.challenging this parliament will be for the Tories. There is a good
:05:28. > :05:32.chance it will be similar to the 70s, given the government is in a
:05:33. > :05:36.minority. One significant votes, it will need to have a full turnout. It
:05:37. > :05:43.will depend on the measure. Don't forget, the Government is a minority
:05:44. > :05:46.in relation to all other parties, not the opposition. It could be
:05:47. > :05:49.trench warfare in terms of committees, not just on the floor of
:05:50. > :05:53.the house. Labour plans to make life very difficult for the Prime
:05:54. > :05:58.Minister, amid high hopes that a second election may have to be
:05:59. > :06:00.called. Where we have just had a new parliament re-elected and the
:06:01. > :06:05.Conservative manifesto was actually trashed before the election was even
:06:06. > :06:09.over, you wonder why they want to be in power when they don't have a
:06:10. > :06:13.programme. In the end, we have to move forward as a society, with a
:06:14. > :06:17.government that knows what it wants to do, with a programme to make
:06:18. > :06:23.society better, instead of one that is adrift. I think that is the
:06:24. > :06:26.danger, after this election, for the current Conservative government. The
:06:27. > :06:28.Queen will travel along this well trodden route tomorrow, although the
:06:29. > :06:33.day will have a slightly less formal feel about it. His speech will
:06:34. > :06:37.herald a Parliament that will ultimately be defined by Brexit.
:06:38. > :06:43.There will be a series of bills to provide a legal basis for the UK's
:06:44. > :06:46.new life outside the EU. But the election has changed the
:06:47. > :06:48.parliamentary numbers and senior Tories now believe there is a
:06:49. > :06:55.majority to stop a so-called hard Brexit. That is leaving the EU
:06:56. > :06:59.without a deal. The outcome of the election puts tremendous pressure on
:07:00. > :07:03.the Government. Obviously in relation to the actual negotiations
:07:04. > :07:11.themselves, but now in relation to the House of Commons. The pressures
:07:12. > :07:14.its placing on government are twofold, one is in relation to its
:07:15. > :07:17.own supporters, and the other is the House of Commons. To maximise impact
:07:18. > :07:22.it needs to carry the whole house with it. It may need to think about
:07:23. > :07:27.how it achieves that, in terms of keeping the house informed, but also
:07:28. > :07:31.listening to the house. A chastened Theresa May will declare tomorrow
:07:32. > :07:35.she will govern with humility and resolve. In addition to the Brexit
:07:36. > :07:39.legislation, there will be draft bills on domestic violence and
:07:40. > :07:44.tenant fees, designed to attract consensus. The Prime Minister wants
:07:45. > :07:47.to show that, even without a parliamentary majority, she can make
:07:48. > :07:51.a difference. As the Prime Minister said after the election, we got more
:07:52. > :07:55.votes and more seats than anybody else, albeit not the result we
:07:56. > :07:58.wanted. I think it is still a very ambitious Government and there is a
:07:59. > :08:02.lot to get done. Delivering Brexit and also delivering on the domestic
:08:03. > :08:12.agenda, big things that will change peoples lives in a very significant
:08:13. > :08:14.way. Actually, I think there will be quite a lot of consensus in
:08:15. > :08:16.Parliament. Lots of debate about the details, but actually updating
:08:17. > :08:19.mental health legislation, something that I think will have a great deal
:08:20. > :08:23.of sporty consensus. The Queen will be hoping she can return to royal as
:08:24. > :08:27.got after her duties in Parliament. There will be no such relaxation at
:08:28. > :08:33.Westminster. Our once strong and stable Prime Minister will be
:08:34. > :08:34.embarking a dramatic scaling back of her election manifesto in her bid
:08:35. > :08:37.for political survival. Earlier this evening,
:08:38. > :08:39.I spoke to someone who's seen a few Queen's Speeches in his time,
:08:40. > :08:41.the Conservative I asked him what his advice
:08:42. > :08:44.to Theresa May would I think that it's not conceivable
:08:45. > :08:54.that she will lead the Conservatives So I think that the realistic
:08:55. > :08:59.appraisal she has to make is how does she secure the best possible
:09:00. > :09:01.successor for the And that may need a bit
:09:02. > :09:06.of time because two things First of all the who,
:09:07. > :09:13.and there's no obvious choice. Secondly and probably even more
:09:14. > :09:18.important, the what. My guess is general election
:09:19. > :09:26.in the year, 18 months' time, and the period between now and then
:09:27. > :09:29.is going to be dominated by the same issues that have caused the trouble,
:09:30. > :09:31.the continuing austerity In a sense then it doesn't
:09:32. > :09:48.matter what she says, if you think she's not going to be
:09:49. > :09:52.around to implement it or to be I think that the Queen's speech
:09:53. > :09:58.is going to be dominated by the jumbo Brexit Bill
:09:59. > :10:00.and a number of smaller Brexit bills, and everything else
:10:01. > :10:02.will be relatively obscure And if Theresa May goes,
:10:03. > :10:09.does she take her own version I think that the idea of a hard
:10:10. > :10:20.Brexit is not credible. I don't think there is the majority
:10:21. > :10:23.for it in Parliament. We have a split Cabinet,
:10:24. > :10:26.we have a split country. And the opening shot, if you like,
:10:27. > :10:33.yesterday, the first meeting, we lost the argument on the issue
:10:34. > :10:36.of the bill we are We wanted to get on to the trade
:10:37. > :10:46.issues, that are vitally important. The French and the
:10:47. > :10:47.Europeans said no. Do you think Brexit
:10:48. > :10:56.as it stands is dead? In the hard sense that we're
:10:57. > :11:01.going to leave the whole thing and be our own independent sovereign
:11:02. > :11:04.nation, that is simply not the way I think that is very much
:11:05. > :11:16.open to question now. You, sir, are a staunch,
:11:17. > :11:19.unashamed Remainer. There will be many here
:11:20. > :11:22.saying you're just hearing Well, it's not really
:11:23. > :11:31.what I want to hear. Because I'm seeing my
:11:32. > :11:34.country humiliated. You know, though, that a change
:11:35. > :11:36.in leadership would be done by Tory party members
:11:37. > :11:38.and they are overwhelmingly Or do you think that there should
:11:39. > :11:50.be another coronation It would be better if there
:11:51. > :11:54.could be an agreement that wasn't as a consequence
:11:55. > :11:57.of the divisive leadership struggle. Well, the leadership struggle
:11:58. > :12:10.is already beginning. I mean, great protests of unity,
:12:11. > :12:13.we all know the form. But the friends of each
:12:14. > :12:17.of the potential participants are canvassing the House of Commons,
:12:18. > :12:19.looking for support. We are seeing the government,
:12:20. > :12:24.minority government, without yet the support of the DUP,
:12:25. > :12:27.do you think Conservatives are better off with
:12:28. > :12:31.a deal, or without one? I don't think it is relevant,
:12:32. > :12:34.because it won't last long enough Simply the by-election phenomenon,
:12:35. > :12:44.which will start, unavoidably, will reflect public disquiet,
:12:45. > :12:46.which is always there It is a bigger threat than can be
:12:47. > :12:51.met by what looks like a very fragile relationship,
:12:52. > :12:56.if it happens, with the DUP. So is there anything that
:12:57. > :12:59.Theresa May can say tomorrow which would give her the authority
:13:00. > :13:05.to reset the clock and start again? I think it will need
:13:06. > :13:09.a new leader to do that. We did ask the Government
:13:10. > :13:16.for an interview, but they declined. So let's talk to their designated
:13:17. > :13:25.surrogate, Tory MP Chris Philp. Nice to have you here. I suspect
:13:26. > :13:31.there will be a lot of you disagree with in that interview. He painted a
:13:32. > :13:36.picture of a leader on borrowed time? I don't recognise that. There
:13:37. > :13:41.is a lot in Lord Heseltine's comments I disagree with. The two
:13:42. > :13:43.main parties, who got 80% of the vote in the election, both said
:13:44. > :13:46.clearly we are going to leave the European Union, we are going to come
:13:47. > :13:51.out of the customs union and single market. So nothing has to change on
:13:52. > :13:55.the directional Brexit? I don't think so, the two main parties have
:13:56. > :13:59.the same things in their manifesto. Why did your Chancellor today
:14:00. > :14:03.suggest a very different set of priorities? I don't think he did. He
:14:04. > :14:08.said we are leaving the European Union, we are going to be leaving
:14:09. > :14:11.the customs union. He said we would be prioritising the economy in the
:14:12. > :14:16.negotiations. In terms of the free trade deal. There is no change
:14:17. > :14:19.there. If you look at the Lancaster house speech, the Brexit White
:14:20. > :14:22.Paper, it was clear in those documents... Theresa May is going to
:14:23. > :14:27.carry you through a five-year parliament to the next election? You
:14:28. > :14:32.believe that? I haven't got a crystal ball. What is that code for?
:14:33. > :14:36.It is not code for anything. I thought we would vote to Remain and
:14:37. > :14:41.Donald Trump would never become President, so I have given up making
:14:42. > :14:47.political predictions. The 1922 Committee, a week ago, all of my
:14:48. > :14:50.parliamentary colleagues, 320 of us, were cheering the Prime Minister,
:14:51. > :14:54.coming back, having beaten the Labour Party by 60 seats and 1
:14:55. > :14:58.million votes. We are all firmly behind her. Do you agree the
:14:59. > :14:59.manifesto has been ditched and something has to be much more
:15:00. > :15:09.consensual? I am quite excited for what we can
:15:10. > :15:13.do with that country in the coming years especially helping those on
:15:14. > :15:17.low income and those just about managing. So in the manifesto, in
:15:18. > :15:21.the Queen's Speech I expect confirmation that are going to keep
:15:22. > :15:27.on putting up the minimum wage and raised tax threshold to help those
:15:28. > :15:32.on lower incomes. And police cuts? We've already said that we will
:15:33. > :15:35.protect police budgets. That is different, police funding is the end
:15:36. > :15:39.to specific police cuts which have been going ahead, which we are now
:15:40. > :15:46.hearing will not be taken. So the police budget is to be protected and
:15:47. > :15:51.has been pretty years. There was a proposal to change the way it was
:15:52. > :15:54.allocated between different regions. Will it change direction, we heard a
:15:55. > :15:59.lot of things like she will not come for free school meals for children,
:16:00. > :16:04.or takeaway much-needed funding for police on the front line of terror.
:16:05. > :16:11.I think the message is to learn from the election. But on the terror
:16:12. > :16:14.funding, we are spending ?2 billion extra on anti-terrorism. That was
:16:15. > :16:20.announced a year ago so there is more money going into that. Where
:16:21. > :16:23.are we now with the DUP, you heard Lord Heseltine said was irrelevant
:16:24. > :16:29.because there simply will not be a government for long. I simply do not
:16:30. > :16:31.agree, last week I saw three and interviewed my colleagues
:16:32. > :16:35.enthusiastically supporting the government. Just on the DUP
:16:36. > :16:41.specifically? The deal has not been reached and the government and Prime
:16:42. > :16:43.Ministers have been busy this week with Brexit negotiations and that
:16:44. > :16:47.terrible fire. I'm confident that there will be an agreement reached.
:16:48. > :16:52.And you look forward to that? I think there will be a sensible
:16:53. > :16:56.arrangement. They do not want to see Jeremy Corbyn running the country
:16:57. > :17:01.any more than will -- than we do. Of course it would be a confidence and
:17:02. > :17:06.supply arrangement. Does it make you got going into government with the
:17:07. > :17:12.DUP? It is not the coalition, it is a confident and supply arrangement.
:17:13. > :17:18.And I think that will happen. And we will deliver things like the energy
:17:19. > :17:20.cap to help ordinary families, extra for the NHS and school. Thank you
:17:21. > :17:22.very much. Back to that delayed deal
:17:23. > :17:24.between the Tories and the DUP. In Northern Irish politics the past
:17:25. > :17:27.is rarely another country, and that can make for some uneasy
:17:28. > :17:29.alliances - the DUP as a party come to the table
:17:30. > :17:32.with a fair amount of baggage. John Sweeney has been taking
:17:33. > :17:35.a closer look at who they are, Northern Ireland is part
:17:36. > :17:57.of the United Kingdom but some of what happens here is quite
:17:58. > :18:01.different to what goes It is the preparations
:18:02. > :18:09.for a bloody good bonfire, to celebrate the victory
:18:10. > :18:11.of a Protestant king against a Catholic King,
:18:12. > :18:20.in the 17th century. Theresa May's government
:18:21. > :18:23.cannot survive long without the support of ten MPs
:18:24. > :18:27.from the Democratic Unionist Party. The DUP was founded by the late
:18:28. > :18:33.Reverend Ian Paisley in 1971 when both sides of the sectarian
:18:34. > :18:40.divide reached for their guns. And this the late
:18:41. > :18:46.Martin McGuinness - once the chief of staff -
:18:47. > :18:49.and much later, Northern Ireland's And this was Gregory Campbell,
:18:50. > :18:57.with his legally held revolver. Today he is one
:18:58. > :19:01.of the DUP's ten MPs. You either be killed
:19:02. > :19:03.by them, or kill them. Sam McBride reports
:19:04. > :19:13.for the main loyalist newspaper There is no sense that the DUP
:19:14. > :19:22.is anywhere near as closely aligned to loyalist paramilitaries
:19:23. > :19:24.as Sinn Fein would I think the relationship
:19:25. > :19:27.between the DUP and loyalist paramilitaries or those who are very
:19:28. > :19:29.close to loyalist paramilitaries But because Number Ten needs
:19:30. > :19:35.the DUP, the spotlight is fiercely In particular the Ulster Defence
:19:36. > :19:43.Association, the UDA. Banned in 1992 but still
:19:44. > :19:49.very much in business. The troubles are over, but
:19:50. > :19:52.the killing is not ancient history. Late last month a man
:19:53. > :19:54.called Colin Horner, who people said was an activist
:19:55. > :19:57.in the UDA, took his little boy shopping
:19:58. > :20:00.in the Sainsbury's behind me. Shopping done, the little boy
:20:01. > :20:04.was in the car when a man came up It is believed this is an internal
:20:05. > :20:09.power struggle in the UDA. A few days later, Arlene Foster,
:20:10. > :20:13.the leader of the DUP, meets Jackie McDonald,
:20:14. > :20:16.who many people believe is the effective leader of the UDA
:20:17. > :20:21.in Northern Ireland. So at its most charitable,
:20:22. > :20:24.this does not look good for the DUP, or the people
:20:25. > :20:30.they are negotiating with. Arlene Foster was at her
:20:31. > :20:35.feisty best when tackled about the paramilitaries
:20:36. > :20:39.during the election. We condemn utterly the murder
:20:40. > :20:43.that occurred on Sunday. Such a horrific murder
:20:44. > :20:45.in front of a child, who will never be able
:20:46. > :20:48.to get over that. That will stay with that child
:20:49. > :20:52.for the rest of his young life. Just to be clear, that the UDA,
:20:53. > :20:55.the UVF and every paramilitary organisation should be
:20:56. > :20:59.out of existence. Did you say that to Jackie McDonald
:21:00. > :21:02.yesterday when you met him? I had no need to say
:21:03. > :21:04.it to Jackie McDonald. Jackie McDonald knows my views
:21:05. > :21:07.very, very clearly. If people want to move away
:21:08. > :21:09.from criminality, from terrorism, But anyone who is engaged in this
:21:10. > :21:16.sort of activity should stop, should desist, and if they don't,
:21:17. > :21:19.they should be open Alistair Ross was a DUP Minister
:21:20. > :21:27.in the Northern Ireland I can understand why that
:21:28. > :21:36.reception looked pretty bad, but of course many politicians
:21:37. > :21:38.in all parties are working with people in difficult
:21:39. > :21:40.to reach communities. And actually most of the last ten
:21:41. > :21:43.years has been a criticism of politicians for not engaging
:21:44. > :21:46.with people and trying to move them Just before the election,
:21:47. > :21:54.the Loyalist Communities Council, widely held to speak for the UDA,
:21:55. > :21:58.the UVF and the Red Hand commando, issued a statement, calling
:21:59. > :22:00.for every unionist to vote for three Nigel Dodds, Gavin Robinson,
:22:01. > :22:10.and Emma Little-Pengelly. The DUP told Newsnight
:22:11. > :22:15.that the party had rejected the endorsement, and that applied
:22:16. > :22:21.to the three MPs. Did these MPs, did they say, no
:22:22. > :22:24.thank you, we don't want your help? I think Emma Little-Pengelly
:22:25. > :22:27.actually posted something on Facebook just after
:22:28. > :22:30.the endorsement where she certainly wasn't saying that she welcomed it,
:22:31. > :22:36.but there was an implicit acceptance of it where she was effectively
:22:37. > :22:38.saying that just as loyalists have a past, it doesn't mean
:22:39. > :22:44.they shouldn't have a future. She was I suppose giving a nod
:22:45. > :22:48.and a wink to those people that she accepted their endorsement,
:22:49. > :22:50.she wasn't going to Other DUP figures in other parts
:22:51. > :22:53.of Northern Ireland were not so happy with it and were very keen
:22:54. > :22:57.to get out there that really I want to thank the people
:22:58. > :23:01.of Taughmonagh... In her victory speech,
:23:02. > :23:03.Little-Pengelly thanked specific Starting with Taughmonagh,
:23:04. > :23:09.which so happens to be the home turf This is an incredible day
:23:10. > :23:15.for unionism in south Belfast. This is the future
:23:16. > :23:25.of Northern Ireland. Behind me there they are putting
:23:26. > :23:28.together wind turbines. But we have just spoken
:23:29. > :23:30.to somebody whose words take us He is a Protestant who has been
:23:31. > :23:37.a victim of UDA violence, and he says the UDA and the DUP
:23:38. > :23:43.are far too close. He says he has seen with his
:23:44. > :23:45.own eyes the UDA get Because he was afraid
:23:46. > :23:54.of what might happen to him In Northern Ireland both sides
:23:55. > :24:03.in politics know people But only one side is going to keep
:24:04. > :24:09.Theresa May in power. We have just finished a meeting
:24:10. > :24:15.with the British Prime Minister And we told her very directly
:24:16. > :24:20.that she was in breach Will fringe elements of the IRA keep
:24:21. > :24:32.sitting on their hands? The bad news is that the marching
:24:33. > :24:34.season is about to start and the nationalist hard man
:24:35. > :24:37.who secured peace, Newsnight asked the DUP
:24:38. > :24:48.about this allegation. A spokesperson said that there can
:24:49. > :24:51.be no place for any paramilitary And it is easier for unnamed sources
:24:52. > :24:56.to make allegations than to present We asked for an interview
:24:57. > :25:02.with the three DUP MPs endorsed Britain's Serious Fraud Office has
:25:03. > :25:10.defied critics who accuse it of failing to pursue those
:25:11. > :25:12.at the top by criminally charging Barclays and four
:25:13. > :25:16.former senior managers. The charges were over
:25:17. > :25:20.undisclosed Barclays payments to Qatari Investors during emergency
:25:21. > :25:23.fundraising in 2008 that allowed the bank to turn down a state
:25:24. > :25:25.bailout at the height The move surprised many -
:25:26. > :25:32.and of course there have as yet been no convictions -
:25:33. > :25:36.but it may be a defining cathartic moment for those who believed
:25:37. > :25:39.the big were too big to fail - Once the public's lust for justice
:25:40. > :25:49.was carried out in Execution Dock Today a commemorative
:25:50. > :25:56.gallows swings within sight There an industry that has in recent
:25:57. > :26:02.years certainly felt the scorching But this is a different kind
:26:03. > :26:07.of public spectacle. The Serious Fraud Office has charged
:26:08. > :26:10.Barclays and four of its former The charges relate to ?12 billion
:26:11. > :26:16.in emergency funds raised by the bank from Qatari investors
:26:17. > :26:19.in the midst of The seriousness of it comes
:26:20. > :26:27.about for two reasons. One is the seniority
:26:28. > :26:29.of the people who now, for them, unfortunately find themselves
:26:30. > :26:31.in the dock. And secondly, because the SFO has
:26:32. > :26:34.chosen to charge Barclays itself as a corporate entity
:26:35. > :26:35.with a criminal offence. And I cannot think of another
:26:36. > :26:38.example where the Serious Fraud Office has brought criminal charges
:26:39. > :26:41.against a household and global household name like it
:26:42. > :26:49.has in this instance. The bank and four former Barclays
:26:50. > :26:52.executives face charges of conspiracy to commit fraud
:26:53. > :27:05.by false representation relating to a first
:27:06. > :27:07.deal in June 2008. The bank and former chief
:27:08. > :27:11.executive John Varley as well as Roger Jenkins,
:27:12. > :27:13.a key deal-maker, face the same charge relating to another
:27:14. > :27:15.October 2008 fundraising. They are also charged
:27:16. > :27:17.with what is called unlawful Fraud by false representation refers
:27:18. > :27:27.to ?322 million paid to Qatar for The allegation is that these
:27:28. > :27:31.payments were not all But for some the issue goes
:27:32. > :27:39.beyond a simple disclosure one. Fundamentally the issue
:27:40. > :27:41.is not one of disclosure, And a criminal charge of fraud
:27:42. > :27:50.by way of misrepresentation requires the prosecution,
:27:51. > :27:52.the SFO, to show that those it says acted wrongly,
:27:53. > :27:57.acted in a dishonest fashion. It is the element of dishonesty that
:27:58. > :27:59.moves this from a regulatory investigation conducted,
:28:00. > :28:01.for example, by the Financial Conduct Authority,
:28:02. > :28:16.into a criminal prosecution. The second charges is unlawful
:28:17. > :28:21.financial assistance. That alleges that Barclays
:28:22. > :28:22.in November 2008 lent And in doing so Barclays effectively
:28:23. > :28:26.provided some of the funds The most damning part of this
:28:27. > :28:30.is the financial assistance. So if you look at the companies act
:28:31. > :28:33.2006, what you find is a section there which says that a company
:28:34. > :28:36.cannot lend money to another financial vehicle company and that
:28:37. > :28:39.other companies then buys the shares So this is what was
:28:40. > :28:45.allegedly happening here. Where Barclays was giving money
:28:46. > :28:48.to a Qatari investment vehicle, and that vehicle was then buying
:28:49. > :28:50.shares of Barclays Now, this is problematic because it
:28:51. > :29:03.dilutes the capital base of the first company and if things
:29:04. > :29:06.go wrong, both of the companies The irony is that thanks to this
:29:07. > :29:10.deal, Barclays did not need public money when its peers
:29:11. > :29:12.were bailed out. And these charges have nothing
:29:13. > :29:14.at all to do with the causes As much as anything
:29:15. > :29:17.Barclays' old hard charging And the lengths it was prepared
:29:18. > :29:24.to go to to avoid public ownership. Andre Spicer did some work
:29:25. > :29:27.with Barclays around changing its culture
:29:28. > :29:33.following the crisis. I guess the step is showing
:29:34. > :29:36.that they are able to hold The big danger, which has
:29:37. > :29:40.happened now, is the banks seem to have said yes,
:29:41. > :29:42.we have de-risked our business, yes, we have become more ethical, yes,
:29:43. > :29:45.we have got these lovely posters which show us how caring
:29:46. > :29:47.and kind they are. But have they really
:29:48. > :29:54.change their culture internally? Or are we beginning to see some
:29:55. > :29:58.of the bad practices seep back in? And are we just going to see a sort
:29:59. > :30:02.of repeat of some of the problems The Barclays of today is keen to put
:30:03. > :30:06.the Qatar fundraising behind it. The bank said it is considering its
:30:07. > :30:09.position in relation to the charges. Mr Jenkins and another executive,
:30:10. > :30:12.Richard Both, said they contest Mr Varley and the fourth executive
:30:13. > :30:15.have yet to comment. They will appear in
:30:16. > :30:21.court on July the 3rd. Now, since the Grenfell fire last
:30:22. > :30:23.week, we have been looking at the role that the new cladding
:30:24. > :30:26.around the building may have played. Yesterday we reported that local
:30:27. > :30:28.councils had been asked by the Government to report back
:30:29. > :30:31.on the status of high rise Our Policy Editor Chris Cook
:30:32. > :30:46.is here with the latest on that. Where are we? The news is, as you
:30:47. > :30:52.say, we had the Government had asked local authorities to investigate
:30:53. > :30:55.their own blocks and housing associations. They asked them to
:30:56. > :31:01.send any samples of aluminium cladding they had to make sure it
:31:02. > :31:05.was not the sort of cladding we saw at Grenfell, aluminium cladding with
:31:06. > :31:10.a plastic cork, that was not the better, more fireproof cladding.
:31:11. > :31:14.Actually, the situation might be better than we feared last week. We
:31:15. > :31:17.know that in Scotland they have not found any, through their own
:31:18. > :31:22.processes, nor in Northern Ireland. We know in Birmingham, Leeds,
:31:23. > :31:26.restore, Wolverhampton, we have not found any. Manchester have almost
:31:27. > :31:29.finished their audit and have not found any. There were five blocks in
:31:30. > :31:34.Newcastle, where they were sending samples. There were 13 in Camden in
:31:35. > :31:42.London, three in new and three in barn, sending samples to test to see
:31:43. > :31:46.whether it is dangerous or not. They have already had the results back?
:31:47. > :31:55.The sending of samples is reassuring? Well, we haven't had the
:31:56. > :32:01.samples back. Only in the case of Barnett do we think it is the
:32:02. > :32:03.dangerous plastic cladding. That is the only case where we think there
:32:04. > :32:08.is prior reason to believe that is the case. Even in those cases, they
:32:09. > :32:11.are installed in a different way, they are surrounded by more
:32:12. > :32:15.fireproof material than was used at Grenfell and they have regular fire
:32:16. > :32:18.breaking. Even if something went wrong, it should hopefully be
:32:19. > :32:23.better. I appreciate if you live in one of these blocks, it is worrying
:32:24. > :32:29.and frightening. We have a picture of a quite troubling fire from
:32:30. > :32:32.Camden from 2012. As you can see, a pensioner's flat got absolutely
:32:33. > :32:38.gutted. This is in one of the blocks of flats where Camden has sent
:32:39. > :32:43.material to be tested at the government laboratory. I don't know
:32:44. > :32:47.if you saw that picture, the window was scorched, but it didn't spread,
:32:48. > :32:51.it was contained. Even these flats that have the aluminium cladding,
:32:52. > :32:58.they may be fine. Reassuring. Thank you very much.
:32:59. > :33:03.The day the Sun newspaper went full anti-Corbyn and splashed COR-BIN
:33:04. > :33:06.across it's front page there were - anecdotally - reports
:33:07. > :33:10.Copies of the paper picked up not by those who agreed with it -
:33:11. > :33:13.but by a whole younger crowd collecting them to set them
:33:14. > :33:16.In years to come,this election may come to be
:33:17. > :33:21.The point at which the old media - all of us - lost our power.
:33:22. > :33:24.Younger voters relied on their newsfeeds,
:33:25. > :33:30.full of stories that older generations simply werent seeing.
:33:31. > :33:33.So are the days when it was The Sun What Won it truly over?
:33:34. > :33:48.The BBC's media editor Amol Rajan reports.
:33:49. > :33:52.As you may have noticed, Theresa May wasn't returned
:33:53. > :33:56.to Downing Street with a thumping majority on June the 9th,
:33:57. > :33:57.despite all the warnings about the alternative
:33:58. > :33:59.from what we still call Fleet Street.
:34:00. > :34:06.We've had enough of Jezza's rubbish, vote Tory!
:34:07. > :34:08.Britain's newspapers aren't used to being defied.
:34:09. > :34:12.Once upon a time, when the papers spoke, the country listened.
:34:13. > :34:14.If Kinnock wins today, will the last person to leave
:34:15. > :34:21.We don't want to influence you in your final judgment
:34:22. > :34:24.on who will be Prime Minister, but if it's a bald bloke with wispy
:34:25. > :34:29.red hair and two Ks in his surname, we'll see you at the airport!
:34:30. > :34:31.Or, at least of the country appeared to have listened,
:34:32. > :34:38.But, news just in, print titles aren't the political power
:34:39. > :34:46.I have to hand it to Kelvin MacKenzie.
:34:47. > :34:49.Back in 92 he said, will the last person turn the lights off
:34:50. > :34:51.and essentially claimed all the credit for the Conservative
:34:52. > :35:00.In fact, that was probably the high point of influence of newspapers.
:35:01. > :35:02.There were other factors, they just got overwhelmed
:35:03. > :35:07.I think since then, relatively speaking,
:35:08. > :35:11.newspapers' influence has certainly declined.
:35:12. > :35:14.It's not irrelevant, but other voices, as you say,
:35:15. > :35:22.in a fragmented media landscape, have become more important.
:35:23. > :35:24.There is unanimous agreement that, with declining circulations
:35:25. > :35:25.and the shift to online, newspapers are weaker
:35:26. > :35:29.They don't have an overall majority at this stage.
:35:30. > :35:31.But perhaps the election of June 2017 was a turning point
:35:32. > :35:37.Going into the campaign, Theresa May generally received
:35:38. > :35:40.fawning coverage of a kind her predecessors could only dream of,
:35:41. > :35:43.while Jeremy Corbyn was pilloried as an anachronistic idealist.
:35:44. > :35:53.Revealed: Corbyn's manifesto to take Britain back to 1970s!
:35:54. > :35:56.And yet, for the first time in perhaps four decades,
:35:57. > :35:58.the likes of Rupert Murdoch and Lord Rothermere did not get
:35:59. > :36:01.the result they wanted, even though the PM was reinstalled
:36:02. > :36:04.Stephen, do you think Fleet Street underestimated Jeremy Corbyn?
:36:05. > :36:06.Yes, there is no doubt that they did.
:36:07. > :36:08.Not just Fleet Street, I mean half of the Labour Party
:36:09. > :36:11.most of the Tory party, most of the chattering
:36:12. > :36:21.Yet at one of the haunts favoured by hacks in years gone by,
:36:22. > :36:24.Stephen Glover of the Daily Mail warns that the influence
:36:25. > :36:27.I think people are often, particularly on the left,
:36:28. > :36:29.in danger of exaggerating the power of the right-wing press,
:36:30. > :36:32.as though the right-wing press decide the outcome of elections.
:36:33. > :36:36.If you look back to the 1990s, when Blair was courting
:36:37. > :36:39.The Sun and Rupert Murdoch, and in those days The Sun
:36:40. > :36:42.was selling twice as many copies as it does now.
:36:43. > :36:45.Well, I think that The Sun was following Blair as much
:36:46. > :36:48.as Blair was The Sun, and The Sun knew that some change
:36:49. > :36:51.was going on in society and it felt it from its readers.
:36:52. > :36:57.Like the Mail, the Daily Telegraph has historically been intimate
:36:58. > :37:02.Its editor argues that Jeremy Corbyn got the coverage he deserved.
:37:03. > :37:05.We were surprised that Mrs May didn't win a majority,
:37:06. > :37:10.We endorsed her because she was closest to our values.
:37:11. > :37:12.That's not to say that our support was unqualified.
:37:13. > :37:14.We said throughout the campaign that she should have talked
:37:15. > :37:19.I think it was a failure not to do so, they have a strong
:37:20. > :37:22.record on the economy, a good story to tell, they didn't.
:37:23. > :37:27.Interestingly, the failure to do that did help Corbyn.
:37:28. > :37:30.I think you can look at things like Facebook and say,
:37:31. > :37:33.when you got a message such as Corbyn's, where you are making
:37:34. > :37:35.specific offers, to specific interest groups of more money,
:37:36. > :37:38.it's possible that people who use Facebook only find the bit
:37:39. > :37:40.that relates to them, the offer of more money
:37:41. > :37:42.for their particular interest groups, and they don't see
:37:43. > :37:44.the overarching narrative that if we were to try
:37:45. > :37:51.and deliver all that money, then we would soon become Venezuela.
:37:52. > :38:00.# We've had enough of broken promises...
:38:01. > :38:02.August titles like the Telegraph and Mail have to reckon
:38:03. > :38:07.In an industrial park off the Old Kent Road in London,
:38:08. > :38:10.not far from Peckham, Labour Party member Aaron Bastani
:38:11. > :38:12.has, together with fellow comrades, launched Novara Media,
:38:13. > :38:14.a left-wing antidote to what he sees as the prevailing
:38:15. > :38:23.So, Labour have just increased their share of the vote by 9%.
:38:24. > :38:26.This marks a watershed moment for the modern Labour Party.
:38:27. > :38:29.I call myself a libertarian communist.
:38:30. > :38:32.I've also called myself a fully automated luxury communist.
:38:33. > :38:35.People that own newspapers and, sadly, many people that write
:38:36. > :38:37.for those same newspapers simply don't understand how
:38:38. > :38:41.difficult life is for so many in 21st-century Britain.
:38:42. > :38:43.The likes of Novara harness the viral power of Facebook
:38:44. > :38:47.in particular to advance an unfiltered worldview.
:38:48. > :38:49.But are they hacks in the traditional sense?
:38:50. > :38:52.Aren't you in danger of not really being a journalist,
:38:53. > :38:56.but being either an activist or a propagandist?
:38:57. > :39:00.I wear those commitments very publicly.
:39:01. > :39:02.I think, actually, far more journalists in Britain
:39:03. > :39:04.are politically committed than they dare admit.
:39:05. > :39:06.The point is, I'm honest and open about it.
:39:07. > :39:14.I think the challenge for many people in the media
:39:15. > :39:17.print and broadcast, is to be very clear and open
:39:18. > :39:22.?10,000 and you can essentially have a TV channel
:39:23. > :39:29.Whether you are Novara Media, whether you are The Financial Times
:39:30. > :39:35.What I'd say to anybody watching this is, go out and do it yourself.
:39:36. > :39:38.Let them come forth and bring forth their blogs.
:39:39. > :39:43.As Mirror editor Lloyd Embley points out, national papers do themselves
:39:44. > :39:47.I think it is a watershed in some respects.
:39:48. > :39:51.But I think it's wrong to suggest that Fleet Street can't and doesn't
:39:52. > :39:54.The Mirror has always supported Labour, but last year even
:39:55. > :39:56.they stuck the proverbial boot into Corbyn.
:39:57. > :39:59.Go! Now!
:40:00. > :40:02.In the context of the problem that he was having with the MPs
:40:03. > :40:04.and his Parliamentary Labour Party, at that point, we felt
:40:05. > :40:07.that it was so disruptive that it would not be beneficial
:40:08. > :40:17.But, at the time, that was the basis for what we said.
:40:18. > :40:24.The Mirror and Corbyn have now made up.
:40:25. > :40:26.The deputy editor of another title that warmed to Corbyn
:40:27. > :40:29.acknowledges that his canny use of new alternative media was key.
:40:30. > :40:30.You can put stuff out there, unmediated.
:40:31. > :40:33.Also, you don't have to give up access in exchange
:40:34. > :40:36.for the size of your audience, which was always the trade-off that
:40:37. > :40:37.a left-wing politician had to make before.
:40:38. > :40:40.They had to say, OK, The Sun are probably going to be
:40:41. > :40:43.quite hostile to me, but I need to reach their readers.
:40:44. > :40:45.Actually, they found a way now, I think Jeremy Corbyn's Facebook
:40:46. > :40:49.page has got 1.1 million likes on it, to reach a tabloid sized
:40:50. > :40:51.audience without having to go through those editorial hoops.
:40:52. > :40:53.Before you pronounce print's influence dead,
:40:54. > :40:55.it's worth bearing in mind the Tory manifesto acceded to many
:40:56. > :40:59.And let's not forget the outcome of another big vote recently.
:41:00. > :41:03.Your country needs you! Vote leave today!
:41:04. > :41:05.In terms of the influence of the press, I think
:41:06. > :41:08.that is probably the most significant example in recent times
:41:09. > :41:11.of where the printed press did have an influence.
:41:12. > :41:16.If there is a broad dividing line in British media, it is that
:41:17. > :41:19.print is for the old and online is for the young.
:41:20. > :41:27.Ever since I been a journalist, newspapers have always wanted
:41:28. > :41:30.to appeal to the young, and they've always failed.
:41:31. > :41:32.When they do try to strain to hard towards younger readers,
:41:33. > :41:35.they find that younger readers don't buy them, because many young
:41:36. > :41:37.people aren't interested in buying printed newspapers.
:41:38. > :41:38.They also disenchant their existing readers.
:41:39. > :41:40.If we all say the world is completely atomised,
:41:41. > :41:46.I think that's what newspapers, great newspapers have always done.
:41:47. > :41:50.They've had a strong sense of community.
:41:51. > :41:53.We all have to recognise that we don't have a monopoly now.
:41:54. > :41:55.We've got new forces, disruptive forces, are have
:41:56. > :42:05.fundamentally changing the media landscape.
:42:06. > :42:07.Whether the next generation cares about what the papers
:42:08. > :42:12.But they are breaking and remaking news as we know it.
:42:13. > :42:15.So, will the last person to leave Fleet Street please
:42:16. > :42:28.That is it for tonight. As Glastonbury approaches, we leave you
:42:29. > :42:35.with this charming bit of nepotism from Dave Grohl, who promoted his
:42:36. > :42:40.daughter, Harper, in front of 20,000 people.
:42:41. > :42:51.# Playing in the street, going to be a big man Sunday
:42:52. > :42:55.# You've got mud on your face # You big disgrace
:42:56. > :42:55.# Kicking your can all over the place
:42:56. > :43:19.# We will, we Will rock you! Very good evening to you. Many parts
:43:20. > :43:20.of the country had a beautiful day today, particularly in the