27/11/2011 The Andrew Marr Show


27/11/2011

Andrew Marr 's guests include the chancellor George Osborne and shadow chancellor Ed Balls, Rachel Weisz, Ian Blair, Mary Ann Sieghart and Max Mosley.


Similar Content

Browse content similar to 27/11/2011. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

Good morning, some excellent news in the paper - conditions are so

:00:40.:00:43.

good, food is so plentiful, that the British are having larger

:00:43.:00:49.

families and looking ahead with increased optimism. Sadly this only

:00:50.:00:52.

refers to British bluetits who have been loving this remarkably warm

:00:52.:00:57.

autumn. If only this week's autumn statement really was what it

:00:57.:00:59.

sounded like - "season of mists and mellow fruitfulness", announces

:00:59.:01:01.

Chancellor "butterflies surprisingly plentiful" - but it

:01:01.:01:04.

ain't and anyone of a sensitive disposition should probably skip

:01:04.:01:06.

the newspaper front pages, where most economics editors explain with

:01:06.:01:16.
:01:16.:01:20.

And joining me today for our review of the Sunday newspapers are the

:01:20.:01:22.

other Blair, Lord Blair, former head of the Metropolitan police,

:01:22.:01:25.

the columnist and broadcaster Mary Ann Sieghart, and Max Mosley, who

:01:25.:01:28.

was among the first witnesses at the Leveson inquiry on press

:01:28.:01:32.

standards. The chancellor, George Osborne, makes his speech in

:01:32.:01:34.

parliament, second only to the Budget each year, against a

:01:34.:01:43.

thunderous, stormy sky. Bad news is expected on growth, jobs, how long

:01:43.:01:53.
:01:53.:01:55.

it will take to pay off the deficit. And with the entire Eurozone - our

:01:55.:01:58.

biggest market - making splintering and cracking noises, the focus has

:01:58.:02:00.

turned to urgent plans to keep our economy moving, with announcements

:02:00.:02:03.

expected on everything from rail fares and bank taxes to help for

:02:03.:02:06.

small firms. The chancellor George Osborne joins us to explain more,

:02:06.:02:09.

ahead of what - with, let's remember, a national public sector

:02:09.:02:12.

strike called for Wednesday - is beginning to feel like the most

:02:12.:02:14.

important week for the Coalition government since it was formed.

:02:14.:02:18.

We're also joined by Mr Osborne's number one critic, Ed Balls, who

:02:18.:02:21.

has consistently called for less in the way of cuts, more borrowing, a

:02:21.:02:25.

Plan B for growth. But would Labour really do things so very

:02:25.:02:28.

differently? Wouldn't they be making the same kinds of unpopular

:02:28.:02:31.

cuts as the coalition? Also this morning, we'll be going back to an

:02:31.:02:34.

earlier period of austerity Britain, as the Oscar-winning actress Rachel

:02:34.:02:36.

Weisz discusses her latest film, Terence Rattigan's The Deep Blue

:02:36.:02:42.

Sea. That might cheer you up. If it doesn't, we'll have some soothing

:02:42.:02:52.
:02:52.:02:52.

music, played by the bright new talent of the violin, Charlie Siem.

:02:52.:02:57.

All that's coming up, but first over to Susanna Reid with the news.

:02:57.:03:05.

Good morning. A rescue operation is under way to try to find six people

:03:05.:03:08.

missing after a cargo vessel got into trouble off the north coast of

:03:08.:03:14.

Wales. Eight people were on board the ship, which is thought to have

:03:14.:03:18.

suffered from a cracked hole. The ship was grounded off the coast of

:03:18.:03:21.

Cornwall last year. Details are emerging of a package

:03:21.:03:24.

of measures which the Government hopes will boost growth, and ease

:03:24.:03:27.

the pressure on family budgets, amid fears that the economy will

:03:27.:03:30.

deteriorate next year. The measures, to be outlined by the Chancellor in

:03:30.:03:33.

his autumn statement this week, are expected to include more spending

:03:33.:03:35.

on infrastructure, a possible freeze in petrol duty, and lower

:03:35.:03:39.

increases in rail fares. Billions of pounds will also be made

:03:39.:03:41.

available in government-backed loans to small and medium sized

:03:42.:03:50.

enterprises, as our business correspondent Joe Lynam reports.

:03:50.:03:54.

Britain may not be in the eurozone but the crisis which is swallowing

:03:55.:03:58.

up the Continent threatens to engulf the UK as well. The

:03:58.:04:03.

government is worried that bank lending could seize up entirely. To

:04:03.:04:07.

prevent that from happening to ordinary British companies, the

:04:07.:04:11.

coalition is to set up ambitious lending programmes to make sure the

:04:11.:04:15.

engines of growth do not stall. Known as credit easing, the first

:04:15.:04:19.

scheme would see the government using guarantees to reduce the cost

:04:19.:04:26.

of credit firms turning over less than �50 million. The second

:04:26.:04:30.

programme would see the government taking a stake in investment forms

:04:30.:04:35.

which provide credit or loans to medium-sized companies, and thirdly

:04:35.:04:39.

hoping to create an alternative to traditional bank loans, by

:04:39.:04:45.

encouraging companies to sell bondss to the markets. The

:04:45.:04:49.

Chancellor says that none of the credit easing schemes will drive up

:04:49.:04:57.

the already massive deficit. A further 100,000 jobs could be cut

:04:57.:04:59.

in the public sector, according to an independent forecasting group.

:04:59.:05:02.

The Ernst and Young Item Club says the Government has been too

:05:02.:05:05.

conservative in its estimate of the number of job losses required to

:05:05.:05:09.

meet spending cuts. It expects around half a million public sector

:05:09.:05:12.

jobs to be lost in the next five years, instead of the 400,000,

:05:12.:05:22.
:05:22.:05:23.

predicted in March. Pakistan has shut down NATO supply

:05:23.:05:25.

routes into Afghanistan after NATO helicopters and fighter jets

:05:25.:05:27.

attacked two military outposts on Pakistani territory. 25 Pakistani

:05:27.:05:30.

soldiers were killed in the incident, in Mohmand near the

:05:30.:05:33.

border with Afghanistan. The US has apologised to Pakistan for the

:05:33.:05:35.

attack. Police investigating the fatal

:05:35.:05:38.

mugging of an elderly woman in Greater Manchester are now treating

:05:38.:05:42.

her death as murder. 79-year-old Nellie Geraghty was found with

:05:42.:05:45.

serious head injuries in an alleyway in Oldham. She'd

:05:45.:05:48.

apparently tried to resist robbers, who stole a bag containing cash and

:05:48.:05:55.

the ashes of her late husband. That's all from me for the moment.

:05:55.:05:59.

I'll be back with the headlines just before ten.

:05:59.:06:06.

Thank you, Susanna. I did mention the front pages are pretty gloomy

:06:06.:06:12.

this morning. Here is a flavour on the Observer. The Sunday Times has

:06:12.:06:20.

a great headline - Britain faces six years of misery. Lucky us. The

:06:20.:06:26.

Express - starving Britain, saying thousands of farmers are relying on

:06:26.:06:31.

food parcels and even road kill. The Independent on Sunday has

:06:31.:06:37.

people trying to leave Britain for Mars. Ed Balls - I have sympathy

:06:37.:06:45.

for the strikers. A strange front page here - the Mail on Sunday, Lib

:06:45.:06:50.

Dems: we should be more like Oxfam, suggesting many would be queuing up

:06:50.:06:59.

to give old clothes to the Liberal Democrats. Why?! Mary Ann Sieghart

:06:59.:07:05.

and Max Mosley, thank you for joining us. You're starting with

:07:05.:07:13.

the Autumn Statement. The big political story Of the Week are the

:07:13.:07:17.

Autumn Statement and the public sector strike the day after. It is

:07:17.:07:21.

a classic in politics. One news story which you are completely in

:07:22.:07:28.

control of, another which you have no control over whatsoever. In some

:07:28.:07:34.

senses, it is quite good for him because he can get the good news

:07:34.:07:38.

stories out in advance so we have the Sunday Telegraph talking about

:07:38.:07:44.

help for the squeezed middle, lower fuel duty rises, and lower train

:07:44.:07:52.

fare rises. On Wednesday itself, all the bad figures are coming out,

:07:52.:07:56.

and that is on unemployment, lack of growth, and the fact they

:07:56.:08:02.

haven't managed to cut the deficit as fast as they had hoped to. There

:08:02.:08:07.

is one story about support and opposition for the strike. 43% are

:08:07.:08:13.

opposing it, only 39% supporting it, but a plurality blame the

:08:13.:08:18.

government rather than the unions for the strike, and 65% disapprove

:08:18.:08:23.

of the way David Cameron has dealt with it. So the politics are still

:08:23.:08:30.

pretty unclear. Lord Blair, you have a story in the Independent.

:08:30.:08:36.

Yes, and this leaves on from that, because it is the way it fits into

:08:36.:08:43.

the public mood. Most of it is about not really wanting the

:08:43.:08:48.

strikes, but the last two paragraphs say the problem with the

:08:48.:08:52.

government's response is they have failed to convince many people we

:08:52.:08:56.

are genuinely all in this together so they should be doing things

:08:56.:09:03.

about the bankers and the rich. Another of the big stories, Max

:09:03.:09:09.

Mosley, was the one you were involved in in the Leveson Inquiry.

:09:09.:09:14.

The slight backlash, some pupils saying it has been taken over by

:09:14.:09:19.

celebrities. I don't know what you think about that. I don't think it

:09:19.:09:29.
:09:29.:09:32.

is true. The people who have really made the impression, they are the

:09:32.:09:38.

ones who are illustrated what can happen to ordinary people. Then

:09:38.:09:41.

there are other celebrities, and whoever you are, when people start

:09:41.:09:46.

invading your private life it is intolerable. How do you define

:09:46.:09:51.

celebrity? JK Rowling is a celebrity in the sense she is

:09:51.:09:55.

famous, but she is famous for having written successful

:09:55.:10:01.

children's books. When you sit and writer book for children, you don't

:10:01.:10:11.
:10:11.:10:12.

make a forced to -- a Faustian pact. She has not like Jordan selling

:10:12.:10:16.

herself because of her celebrity. Do you think we are after tipping

:10:16.:10:22.

point? I hope we are. The trouble is there have been a lot of so-

:10:22.:10:28.

called tipping point over the last 20 years, when very little has

:10:28.:10:34.

tipped. Diana, Princess of Wales, David Mellor, and not much has

:10:34.:10:39.

changed. I think in this case it is the Milly Dowler moment that

:10:39.:10:44.

changed the entire mood. I think people were seeing the phone

:10:44.:10:48.

hacking as a kind of celebrity meets politicians discussion.

:10:48.:10:53.

Suddenly, one Tuesday afternoon, that discovery changed everything.

:10:53.:11:01.

I entirely agree. Until then, it was them, not us. Then, when the

:11:01.:11:05.

Milly Dowler thing happened, people realised that could happen to

:11:05.:11:11.

anybody in the country. One of the most disturbing things surely it is

:11:11.:11:16.

the involvement of the police in a lot of these. Quite clearly,

:11:16.:11:20.

relations between the tabloid press and the police have been far too

:11:20.:11:29.

close. Money has been changing hands and story -- stories keep

:11:29.:11:37.

appearing. You are right, it has been a far too close relationship.

:11:37.:11:42.

I don't know about the money changing hands, I feel it is more

:11:42.:11:47.

about influence and getting the police's position right. Clearly

:11:47.:11:51.

there is skulduggery and that has got to be wiped out. The other

:11:51.:11:57.

interesting thing is the way journalists are responding to this.

:11:57.:12:07.
:12:07.:12:08.

There are two moods. One of them is saying lot of us. This one - why I

:12:08.:12:12.

am proud to be a British journalist - it has been a long time coming,

:12:12.:12:16.

the admission that there are some very bad journalists, people who

:12:16.:12:21.

have been behaving very badly, which must have been known about.

:12:21.:12:28.

To be fair, some people wrote about this before the Leveson Inquiry.

:12:28.:12:33.

What was very noticeable was the Guardian was going on and on, then

:12:33.:12:38.

we had the New York Times, and the rest of the paper and these

:12:38.:12:41.

wonderful up standing journalists did not write one word about it. It

:12:41.:12:49.

was kept secret until it became impossible to keep the lid on it.

:12:49.:12:57.

Lord Blair mentioned the word skulduggery, and there is a

:12:57.:13:01.

fascinating piece of skulduggery surrounding Dominique Strauss-Kahn,

:13:01.:13:08.

and how much of this was a set-up. This is fascinating because I am

:13:08.:13:13.

not a believer in conspiracies, but here there are so many elements, so

:13:13.:13:17.

many things that happened, that when you read the story you think

:13:17.:13:22.

it is just possible this whole thing was set up. There is an

:13:22.:13:26.

allegation for instance that staff in the hotel were seen during a

:13:26.:13:29.

victory dance once Dominique Strauss-Kahn was grabbed and

:13:29.:13:34.

arrested for this alleged assault. Then, allegedly, the chambermaid

:13:35.:13:39.

when repeatedly into the room of a mysterious man who has not been

:13:39.:13:43.

identified during the period between the incident and the arrest.

:13:43.:13:49.

There are endless elements. I think it might be the Mail on Sunday that

:13:49.:13:54.

suggested this might have all been set up by Nicolas Sarkozy's people.

:13:54.:13:59.

If that is the case, what a wonderful story that would be.

:13:59.:14:03.

would be an amazing story but I think we should pause for a moment.

:14:03.:14:07.

I seem to remember there was a victim with serious injuries

:14:07.:14:12.

floating around in the middle of this, so whatever happened, it is

:14:12.:14:16.

still a great difficulty with Strauss-Kahn in terms of who he is

:14:16.:14:21.

and how he behaves. He was unwise, to say the least. There does seem

:14:21.:14:26.

to have been a pattern of behaviour as well. Let's stay abroad because

:14:26.:14:31.

one of the other stories is Egypt, where things are falling apart at a

:14:31.:14:38.

terrible rate. This is, to me, the biggest story in the world at the

:14:38.:14:44.

moment. In terms of what has happened this year, the Arab Spring

:14:44.:14:48.

is the greatest story, and Egypt is the most significant of those

:14:48.:14:52.

countries. We have a position here which is very well put in the

:14:53.:15:01.

Observer again. The most difficult one is at the bottom, there is a

:15:01.:15:04.

phrase that there is an alliance between the Muslim Brotherhood and

:15:04.:15:14.
:15:14.:15:16.

the generals which has put the revolution in peril. They are

:15:16.:15:19.

suggesting that the army moving towards elections has been

:15:19.:15:23.

supported by the Muslim Brotherhood against the secular do, which was

:15:23.:15:33.
:15:33.:15:34.

so significant in Tahrir Square. This might seem trivial against the

:15:34.:15:38.

Arab Spring, but this is about parking. London is in uproar,

:15:38.:15:44.

because this is not just a London story, but in London Westminster

:15:44.:15:50.

City Council has decided that in the evenings and on Sundays they

:15:51.:15:55.

are going to carry on charging for parking until 1 am and are not

:15:55.:15:59.

going to allow you to park on a single yellow line. This is

:15:59.:16:02.

disastrous for people working in the West End. If you are not a

:16:02.:16:07.

highly -- if you are a highly paid -- not a highly paid waitress, you

:16:07.:16:11.

can park your car and drive home safely, but now you cannot do it.

:16:11.:16:14.

But for those of us who want to go to the West End to see a film or

:16:14.:16:18.

have a play or have supper, we cannot afford to do it. What is so

:16:18.:16:21.

frustrating is there is nothing we can do about it because we do not

:16:21.:16:27.

have votes in Westminster. Local democracy? Local democracy does not

:16:27.:16:30.

even work, because the people who live in the borough of Westminster

:16:30.:16:34.

will not mind because they have parking permits. The businesses

:16:34.:16:38.

will mind, but they have a -- do not have a vote and those of us

:16:38.:16:42.

outside do not have a vote. To move from people worried about parking

:16:42.:16:48.

to people who drive a little faster. The last day of Formula One. The

:16:48.:16:52.

headline about how the season has gone? The number one thing is that

:16:52.:16:58.

nobody gets killed or hurt and that has happened. A boring championship

:16:58.:17:00.

because Sebastian Vettel was so much better than everyone but on

:17:00.:17:05.

the other hand there have been many exciting races and one cannot ask

:17:05.:17:09.

for more. The bottom line is, did anyone get hurt? It is a dangerous

:17:10.:17:16.

sport. Nobody did, so no one was hurt in the making of this

:17:16.:17:24.

newspaper review either. Thank you all very much. Now to the weather -

:17:24.:17:27.

it's been very windy, the leaves are coming off the trees, and in

:17:27.:17:30.

the North of Scotland gale force winds overnight. In the south,

:17:30.:17:33.

however, we're still waiting for the cold to set in. Can this mild

:17:33.:17:36.

autumn go on much longer? Bluetits are glued to their screens waiting

:17:36.:17:46.

for the answer, so over to Darren It has been very windy and I think

:17:46.:17:49.

the winds have peaked and it improves through the day with more

:17:49.:17:52.

sunshine coming through and the winds easing off. Still blowing a

:17:52.:17:57.

gale in Scotland and the showers will retreat to the West with some

:17:57.:18:00.

snow over the mountain. The odd shower for Northern Ireland but for

:18:00.:18:06.

England and Wales it dries up and more showers coming through. It

:18:06.:18:09.

will probably feel colder today, particularly across the North. This

:18:09.:18:13.

evening, with the clear skies and light winds, the temperatures will

:18:13.:18:17.

fall away and for Northern Ireland and western Scotland a freshening

:18:17.:18:20.

breeze would increase the cloud but away from here it will be cold and

:18:20.:18:24.

there will be a widespread ground frost across England and Wales and

:18:24.:18:28.

in rural areas temperatures will be close to freezing. The story

:18:29.:18:34.

through tomorrow is one of a freshening up south wind which will

:18:34.:18:38.

increase the cloud and bring patchy rain to the west, whereas East it

:18:38.:18:42.

is likely to be dry and there will be sunshine, but after a chilly

:18:42.:18:46.

start the temperatures will struggle to double figures.

:18:46.:18:50.

Temperatures will be nearer 12 degrees. For any blue tits watching,

:18:50.:18:53.

nothing particularly cold over the weekend, but it does stay unsettled

:18:53.:18:57.

and we will have showers or longer spells of rain and it looks like it

:18:57.:19:02.

spells of rain and it looks like it For months, the Shadow Chancellor,

:19:02.:19:06.

Ed Balls has been telling the government it needs a plan B, a

:19:06.:19:10.

plan for growth. Well, during the week, we had a flurry of

:19:10.:19:12.

announcements - on house-building, tackling youth unemployment and so

:19:12.:19:16.

on - so does he see plan B taking shape in front of his eyes? If

:19:16.:19:19.

Labour were in government, it would presumably be cutting too by now -

:19:19.:19:22.

and having to deal with the backwash from the eurozone crisis.

:19:22.:19:25.

So what would Ed Balls really do differently? He's with me now.

:19:25.:19:30.

Welcome. Before we turn to the Autumn Statement, let's talk about

:19:30.:19:34.

Wednesday's strike. Is this something that you would urge the

:19:34.:19:38.

unions to call off even at this late stage? I would urge the

:19:38.:19:42.

government to get round the table and give some ground and sort this

:19:42.:19:46.

out. I don't think anybody wants to strike on Wednesday and will be

:19:46.:19:51.

hugely disruptive for families but I also have sympathy for the low-

:19:51.:19:59.

paid public workers and we are talking about dinner ladies,

:19:59.:20:03.

teaching assistants who are paid under �15,000 per year who are

:20:03.:20:08.

being hit hard. The government has to give ground and so do the Joep -

:20:08.:20:14.

- unions. There has to be two sides to sort this out. The two is

:20:14.:20:17.

probably fair to say you have more influence on the unions than the

:20:17.:20:21.

government, so would you learned -- urged the union leaders to give

:20:21.:20:28.

enough ground and perhaps delay this or call it off? I would urge

:20:28.:20:32.

the union leaders to give ground and talk. I think Ed Miliband was

:20:32.:20:38.

right to say it was the wrong thing to do to strike in June when the

:20:38.:20:41.

government were talking, but they made clear two weeks ago they would

:20:41.:20:46.

give no more ground. Even John Hutton said it was risky, the 3%

:20:46.:20:50.

contribution rise, and also deeply unfair. And in the circumstances

:20:50.:20:56.

there are lots of low-paid workers, 750,000 low-paid workers, paid

:20:56.:21:01.

under �15,000, predominantly women, who will be retired on pensions of

:21:01.:21:05.

�4,000 per year and will be hit really hard. I think people do not

:21:05.:21:09.

think it is fair. I have to say, David Cameron and George Osborne

:21:09.:21:13.

have always been clear in their minds that they wanted this

:21:13.:21:17.

confrontation. But both sides are quite close to agreement in

:21:17.:21:21.

different areas. Their unions and employers and different government

:21:21.:21:26.

departments coming-together and a lot of people would say it is

:21:26.:21:29.

inevitable, even a Labour government would have to deal with

:21:29.:21:33.

the cost of public sector pensions. It was never going to be easy, it

:21:33.:21:37.

was always going to be painful, but there has to be a compromise and

:21:37.:21:40.

striking does not help. A Labour Prime Minister would have had to

:21:40.:21:44.

sit down and negotiate. The trade unions would have had to give some

:21:44.:21:48.

ground. But David Talib -- David Cameron said to the Daily Telegraph

:21:48.:21:52.

he was privately delighted that the trade unions had walked into his

:21:52.:21:58.

trap. No Labour prime minister in the last 13 years sat around saying

:21:58.:22:03.

he was delighted about private -- confrontations and strikes. It was

:22:03.:22:06.

deeply irresponsible and the disruption on Wednesday to families

:22:06.:22:11.

and businesses could be avoided if David Cameron decided he wanted to

:22:11.:22:17.

act, and he hasn't. It is his intransigence and, I think, his

:22:17.:22:21.

opposition to progress which is causing the problem. Let me put a

:22:21.:22:24.

proposition to you about the Autumn Statement and the argument around

:22:24.:22:29.

it, which is that if you look at a lot of the things the government

:22:29.:22:33.

has recently announced and looks likely to announce this week, they

:22:33.:22:36.

are not so different from the kind of things that Labour would be

:22:36.:22:40.

doing when it comes to youth unemployment, and try to get some

:22:40.:22:44.

money into struggling small and medium-sized businesses, when it

:22:44.:22:49.

comes to helping commuters. And when people look at the exchanges

:22:49.:22:52.

in the House of Commons, including between yourself and George Osborne

:22:52.:22:56.

and there is all this shouting and finger stabbing, things are too

:22:56.:23:00.

serious for that and it would be welcome to have the opposition say,

:23:00.:23:04.

do you know what, or all of these measures, we agree. These are the

:23:04.:23:07.

kind of things to do and we will get them through the House of

:23:07.:23:11.

Commons quickly. I would love a consensus on the way forward with

:23:11.:23:14.

George Osborne, David Cameron and the Liberal Democrats, and it would

:23:14.:23:19.

be better for Britain. You are completely right. Nick Clegg is now

:23:19.:23:22.

announcing the reintroduction of the future jobs funded or smaller

:23:22.:23:26.

form it should not have been abolished in the first place. And

:23:26.:23:30.

they are saying put back 10 % of the housing spending they cut,

:23:30.:23:34.

saying put back some infrastructure, do more for small firm lending,

:23:34.:23:37.

building on something Labour did which they should have done Allah -

:23:37.:23:43.

- earlier. But fundamentally there was a big day issue, -- Bedi issue.

:23:43.:23:48.

We disagreed months ago and they said if we went fast on deficit

:23:48.:23:52.

reduction, �40 billion of cuts, the fastest cuts of any country, they

:23:52.:23:56.

said it would lead to private sector jobs, growth, confidence,

:23:56.:24:01.

falling unemployment and the hasn't worked. We are in economic troubles

:24:01.:24:07.

at the moment. If their deficit reduction system has not worked,

:24:07.:24:12.

why is it that the British government is able to borrow money

:24:12.:24:17.

at 4.5 % below what it is costing the Spanish and the Italians and

:24:17.:24:23.

others. Britain has a triple-A credit rating. And our

:24:23.:24:26.

international reputation seems to be pretty strong and the government

:24:26.:24:29.

will say it is down to their deficit reduction plan and sticking

:24:29.:24:32.

to it. They would, and that is the fantasy they have peddled for the

:24:32.:24:36.

last year. Taking the points in turn, first of all, they say we

:24:36.:24:40.

have low interest rates because of deficit reduction but it is

:24:40.:24:44.

fundamentally because we are not in the euro and have low growth. In

:24:44.:24:50.

America, America had their credit rating downgraded and their

:24:51.:24:54.

interest weights did not go up. They say they have credibility with

:24:54.:24:57.

the financial markets because they have the deficit reduction plan,

:24:57.:25:01.

but you talk about me advocating more borrowing, and George Osborne

:25:01.:25:05.

will borrow billions and billions of pounds more than he planned

:25:05.:25:09.

because unemployment is going up because the plan has failed.

:25:09.:25:12.

truth is that the difference between the is now infinitesimally

:25:12.:25:19.

small. It is a third of 1%. If you are still sticking to the original

:25:19.:25:24.

Alastair Darling plan, and you suggest you laugh? Yes, of course.

:25:24.:25:28.

So the difference between what you're doing is not enormous. It is

:25:28.:25:32.

not the difference between slump and prosperity. I am sticking to

:25:32.:25:36.

the plan in the sense that we would have done that plan in government.

:25:36.:25:41.

George Osborne didn't. He ripped it up and went �40 billion faster,

:25:41.:25:45.

including VAT rise which hasn't worked and he is trying to blame

:25:45.:25:49.

the snow or the euro and it was his decisions that slowed down the

:25:49.:25:53.

recovery. The IMF said a few months ago, who George Osborne used to

:25:53.:25:58.

boast about supporting him, they said if the economy undershot the

:25:58.:26:02.

growth plans and it wasn't growing, the sensible, balanced thing to do

:26:02.:26:06.

was to slow the pace of cuts and reversed and do some tax cuts to

:26:06.:26:09.

get the economy moving, boost the growth in jobs and get unemployment

:26:09.:26:13.

and the deficit down. The IMF is right and dieback them in their

:26:13.:26:18.

proposals. George Osborne doesn't. If he moves to a balanced but we

:26:18.:26:21.

will support him. If he doesn't, I am deeply fearful about what this

:26:21.:26:26.

will mean for the growth, jobs and deficit reduction. What you would

:26:26.:26:32.

do that is different is that she would reverse the VAT rise -- you

:26:32.:26:38.

would reverse -- and reverse the cuts? That cost you a lot of money

:26:38.:26:44.

straight away, so where do you find it? It is a five-point plan. You

:26:44.:26:48.

mentioned two elements, repeating the bank bonus tax for you to jobs,

:26:48.:26:54.

but we would agree with the IMF. is said that you have spent nine

:26:54.:26:57.

times the bank bonus tax on different projects.

:26:57.:27:01.

Conservative Party say that, but it doesn't make it true. It is a lie.

:27:01.:27:05.

The only proposal would have made to spend the bank bonus tax was for

:27:05.:27:10.

use jobs, with a five-point plan which the IMF was saying that if

:27:10.:27:14.

there was no growth we should slow the pace and move to a balanced

:27:14.:27:18.

plan. George Osborne said it would lead to more borrowing and it would

:27:18.:27:22.

be irresponsible. In the next five years, he will borrow, according to

:27:22.:27:27.

his own forecasters, over �100 billion more than he planned. He is

:27:27.:27:30.

borrowing for unemployment and failure. I say get the economy

:27:30.:27:34.

moving, get some help for families and businesses, which will get

:27:34.:27:38.

growth in jobs moving and get the deficit down. It is a very big

:27:38.:27:44.

choice and it is not just trivia and inconsequential. Realistically,

:27:44.:27:47.

you would both be borrowing a great deal and faced with the same

:27:47.:27:52.

extremely difficult international situation and you would both have

:27:52.:27:57.

economic plans for growth which are not the same, but they are not a

:27:57.:28:01.

million miles apart. I just asked again whether the heat and

:28:01.:28:04.

aggression between the parties at this time of national crisis is

:28:04.:28:08.

appropriate? I think it is fundamentally necessary. When a

:28:08.:28:12.

government is making a catastrophically wrong decision and

:28:12.:28:15.

people are fearful and angry, the opposition has to stand up for the

:28:15.:28:22.

alternative, as happened in 1929, 1930 and 1931 in a similar

:28:22.:28:24.

situation after a financial crisis. I have been on this programme and

:28:25.:28:28.

you have said to me that what I am proposing would be irresponsible.

:28:28.:28:32.

You cannot now say it is the same as George Osborne's plans. There

:28:32.:28:36.

was a big choice year ago. We were out on a limb in advocating a

:28:37.:28:42.

different approach. Actually, increasingly, the IMF and business

:28:42.:28:45.

organisations and Conservative MPs are saying that the George Osborne

:28:45.:28:51.

and David Cameron plan has not worked. We need a different course.

:28:51.:28:55.

So if we seek the credit easing plan for small companies that we

:28:55.:29:01.

are reading that we will see, will you back that? That is presumably

:29:01.:29:04.

something you would be pleased by. If there is a credit easing plan,

:29:04.:29:08.

that is a good thing. If they reintroduce a future jobs fund,

:29:08.:29:12.

good. If they do not go ahead with the freeze in fuel prices in

:29:12.:29:17.

January, that is good. They should delay temporary cut in VAT. If they

:29:17.:29:22.

do more to get down child poverty, we will support that. We will look

:29:22.:29:26.

at the details, because I don't know how it will work yet. But it

:29:26.:29:29.

is very similar to the small firms guarantee scheme which had been

:29:29.:29:36.

around for years. The issue is, why he's our economy not growing? Why

:29:36.:29:41.

are firms not borrowing? Why is the economy slumping? Because the

:29:41.:29:46.

fundamental strategy is not working. George Osborne will want to placate

:29:46.:29:51.

here and push this aside on the bigger issue he is totally in

:29:51.:29:56.

denial and until he gets his head out of the sand and sees that it is

:29:56.:30:06.
:30:06.:30:08.

failing. His head will be out of One of Britain's finest playwrights,

:30:08.:30:11.

Terence Rattigan, was out of vogue for decades but in this, his

:30:11.:30:14.

centenary, Rattigan's work is back with a vengeance. His masterpiece,

:30:14.:30:17.

The Deep Blue Sea, has been filmed by Terence Davies and stars the

:30:17.:30:20.

Oscar-winning actress Rachel Weisz. She plays a judge's wife in torpid

:30:20.:30:22.

1950s London who breaks free from her marriage with tragic

:30:22.:30:26.

consequences. Weisz is on a peak professionally and personally right

:30:26.:30:32.

now. She's shooting the next Jason Bourne action thriller, while

:30:32.:30:35.

enjoying domestic life with new husband James Bond, or Daniel Craig,

:30:35.:30:38.

as he's also known. When I met her this week, Rachel Weisz told me

:30:38.:30:44.

about working with Terence Davies, and his style of directing. There

:30:44.:30:48.

is a certain feeling of repression and that comes from having to

:30:48.:30:53.

remain within Terence Davies' frame, because it will not follow you

:30:53.:30:58.

everywhere. I have been shooting the Bourne films, and the camera

:30:58.:31:01.

moves a lot, you can move everywhere and the camera will

:31:01.:31:06.

follow you so you have 2011 freedom. Tell me about your character,

:31:06.:31:16.
:31:16.:31:20.

Hester. She is very sophisticated and kind, but her marriage is very

:31:20.:31:24.

boring. A occasionally play a game of

:31:24.:31:31.

canasta. That is boring, I am into sport. I have always thought of

:31:31.:31:37.

sport as one of the more pointless human activities. That was almost

:31:37.:31:42.

offensive. At that point in the 50s, Terence

:31:42.:31:47.

has told me people simply did not get divorced, no one got divorced.

:31:47.:31:52.

Nothing could be done. He said the only people who got divorced were

:31:52.:31:57.

movie-star has, but they were not people, they were Demi gods at that

:31:57.:32:02.

time. Elizabeth Taylor got divorced but no one did, so you just stayed

:32:02.:32:11.

in your marriage. My character meets a younger man, and ex-RAF

:32:11.:32:15.

pilot. He has been emotionally damaged by his experiences in the

:32:15.:32:22.

war, he is unreliable but she falls head over heels in love with him.

:32:22.:32:32.

Freddie, darling, would you come home with me, please? No, I will

:32:32.:32:42.
:32:42.:32:48.

not. You will start talking and bleeding. No, I won't. -- talking

:32:48.:32:58.

and pleading. I won't even talk if you don't want me to. Trust me, I

:32:58.:33:04.

swear. She leaves this safe and

:33:04.:33:07.

comfortable marriage for him. At that time it was a shocking thing

:33:08.:33:15.

to do. She moves out of her home in a bedsit in Ladbroke Grove. A am

:33:15.:33:20.

not giving anything away to tell you that she tries to kill herself,

:33:20.:33:28.

because that is how the film starts. It is an eye-opener. You work in

:33:28.:33:37.

Streetcar Named Desire, and there are obvious similarities, breaks

:33:37.:33:42.

throughs in society, and I wonder having done a film like this if you

:33:42.:33:46.

still have ambitions to go back and do some big theatre roles. I would

:33:47.:33:55.

love to. It's funny you mention, because I am not clear about the

:33:55.:34:00.

connections between Terence Rattigan and Terence Davies, but

:34:00.:34:05.

the characters felt like cousins of each other. When I read about

:34:05.:34:10.

Hester, I thought this is Blanche's English cousin. They are trying to

:34:10.:34:15.

find their place in the world at a time when the roles they were

:34:15.:34:19.

allowed to fit into were very limited to them. The biggest

:34:19.:34:24.

breakthrough was the constant Gardner, that was the Oscar moment.

:34:24.:34:29.

A lot of people have said it is a game Changer, something that allows

:34:29.:34:33.

you a bigger stage to play on, in terms of the Rolls you can take

:34:33.:34:40.

afterwards. Is that true? Yes, definitely. It means more

:34:40.:34:43.

interesting directors of the you more interesting script and you

:34:43.:34:48.

have to audition less often. It does change your career and

:34:48.:34:57.

visibility, Forshaw. Everybody in the movie business is of huge

:34:57.:35:01.

interest to millions out there, and yet you are human beings come you

:35:01.:35:07.

have lives to live, which are private, and in this country we are

:35:07.:35:11.

thrashing through what is appropriate, right and fair when it

:35:11.:35:19.

comes to people in the public eye. What would your take be on that?

:35:19.:35:23.

don't think it is a public interest, I don't think it is important for

:35:23.:35:30.

people to know about what is in the rubbish bin of famous people. I

:35:30.:35:33.

think people should be allowed their privacy. I have never

:35:33.:35:39.

experienced it, so I have never had the direct experience of being

:35:39.:35:43.

terrorised, as some celebrities seem to have been, but it seems

:35:43.:35:47.

there should be some laws in place to stop it from happening, that is

:35:47.:35:52.

my knee-jerk reaction. So you will be rooting for Hugh Grant, when he

:35:52.:35:57.

is out fighting for this? I think so, I thought he was rather

:35:57.:36:03.

impressive. He is certainly a man with a mission, isn't he? Yes, the

:36:03.:36:13.

problem is I think people feel like celebrities lose the right to

:36:13.:36:17.

privacy by being out there, but I understand the train of thought and

:36:17.:36:22.

I don't agree with it. You have this great body of work now, which

:36:22.:36:30.

you have won awards for, I suppose the next question is what is next?

:36:30.:36:35.

What are your next ambitions? learn how to cook. Very

:36:35.:36:42.

passionately, I really need to. The time is now. I know a few dishes.

:36:42.:36:50.

Shrimp. Just trimmed by itself? With rice noodles. I would love to

:36:50.:36:56.

be able to be creative in the kitchen. Will we be seeing you with

:36:56.:37:05.

Mr Rachel Weisz in a film together, do you think? It is a lot of action

:37:05.:37:11.

in one family now. We haven't got any plans to do that, but it would

:37:11.:37:17.

be nice. Why not? Do you watch each other's films? Do you critique each

:37:17.:37:23.

other? We have not caught up with all love each other's films. Some

:37:23.:37:31.

would have been hard to not notice over the years, but yes. Thank you.

:37:31.:37:34.

The actress Rachel Weisz. So Tuesday is the big day for the

:37:34.:37:37.

Chancellor George Osborne - his autumn statement will give the

:37:37.:37:40.

Commons all the figures for how the economy is performing, and the

:37:40.:37:43.

outlook for the months and indeed years ahead. And as we've heard all

:37:43.:37:46.

is not entirely tickety-boo. Mr Osborne is with me now. Good

:37:46.:37:50.

morning. Can I start by looking at the deficit reduction plan, which

:37:50.:37:55.

has been at the heart of your purpose in government? It is no

:37:55.:37:59.

longer the case, is it, that you will be getting rid of the

:37:59.:38:04.

structural deficit by the end of this Parliament? I would not say

:38:04.:38:08.

that was the heart of our purpose in government. The heart of our

:38:08.:38:14.

purpose is to get the economy moving. That is crucial, and to do

:38:14.:38:18.

that you have to command confidence in the world in your ability to pay

:38:18.:38:24.

your debts. We have got a deficit reduction plan that has brought us

:38:24.:38:30.

record low interest rates, that has earned a good credit rating, and we

:38:30.:38:36.

will be sticking to that plan because that is helping Britain

:38:36.:38:39.

through the debt storm and lay the foundations of a stronger economy.

:38:39.:38:48.

A you said you would get rid of the structural deficit by 2014. Is that

:38:48.:38:54.

still possible? We set up two rules, one is that we

:38:54.:39:04.

would get debt falling, one to get rid of the deficit. We will be

:39:04.:39:08.

judged on that by the Independent office for budget responsibility

:39:08.:39:13.

that we have set up. I am trying to calibrate how

:39:13.:39:21.

serious the situation is that the country is facing, and I put it to

:39:21.:39:25.

you that you will not managed to get rid of the structural deficit

:39:25.:39:33.

by 2014. Unlike my predecessors, I have set up an independent body

:39:33.:39:37.

that studies whether what I am saying is true, whether I have met

:39:37.:39:42.

the targets I set out. I am confident we will meet the targets

:39:42.:39:49.

we set out, the fiscal mandate, but the judgment about whether we have

:39:49.:39:54.

or not is made independently of me by the Office for budget

:39:54.:39:59.

responsibility so you don't get Chancellor's fiddling the figures.

:39:59.:40:06.

I'm not suggesting you would. is different now. We have been

:40:06.:40:10.

independent body. I am clear the government will do what it takes to

:40:10.:40:16.

meet its fiscal mandate, to meet its debt target, that Britain will

:40:16.:40:20.

show the world it can pay its way and keep those very low interest

:40:20.:40:26.

rates, without which families watching this, businesses, would be

:40:26.:40:32.

in real trouble. That body which you talked about, the Office for

:40:32.:40:39.

budget responsibility, its figures will come out on Tuesday. To cut to

:40:39.:40:44.

the chase, these figures will be pretty dreadful. If you look at

:40:44.:40:48.

independent forecasters, they have clearly told us what we already

:40:48.:40:53.

know, which is the economic situation facing many countries at

:40:53.:40:58.

the moment is very difficult. It has clearly had an impact on the UK,

:40:58.:41:02.

on our growth prospects, it is a challenge for public finances, but

:41:03.:41:07.

frankly you could get any finance minister in the Western world to

:41:07.:41:13.

sit here today and they would say something similar. What I am saying

:41:13.:41:20.

is different, that our plan has commanded confidence. We are taking

:41:20.:41:24.

Britain through a very difficult international situation, we are

:41:24.:41:29.

also dealing with Britain's legacy. You have just had Ed Balls in this

:41:29.:41:34.

chair, when he and his colleagues run up enormous debts, and paying

:41:34.:41:39.

off that debt is of course a challenge. Do I wish we were not in

:41:39.:41:44.

a situation where we had enormous debts were had inherited, we had

:41:44.:41:49.

the eurozone creaking on our doorstep, of course! But I have got

:41:49.:41:57.

to deal with this to keep Britain's safe in these difficult times.

:41:57.:42:03.

Growth, which was predicted that 1.7% this coming year will be 1% or

:42:03.:42:10.

below, isn't it? Independent forecasters have a range of

:42:10.:42:16.

estimates around the number you have said. You are not going to say

:42:16.:42:21.

they are wrong? If you want to see the Independent forecast, let's

:42:21.:42:26.

wait until Tuesday. International bodies, forecasters in the private

:42:26.:42:31.

sector, they are all saying the same thing which is the British

:42:31.:42:37.

economy has slowed, by the way so has the American, German and French

:42:37.:42:43.

economy. I am not using that as an excuse, I am using it as an

:42:43.:42:47.

explanation for why this is a difficult time. What is almost

:42:47.:42:52.

unique about the crisis we face at the moment is that we have a

:42:52.:42:56.

slowing economy, a slowing world economy, we have this financial

:42:56.:43:02.

crisis brewing in Europe, and at the heart of this is a concern

:43:02.:43:06.

about the Government's ability to pay its debts. You can't just turn

:43:06.:43:10.

on the borrowing taps because there is not necessarily anybody in the

:43:10.:43:16.

world ready to lend to you. The British government will be selling

:43:16.:43:21.

its debt over the next week, but we are not facing the same kind of

:43:21.:43:26.

debt strike that you get in other European countries at the moment,

:43:26.:43:33.

including some not in the euro, and that is because of our credibility.

:43:33.:43:43.
:43:43.:43:53.

In essence, what became called Plan A, if you got credibility the

:43:53.:43:59.

private sector would produce the jobs, and the problem you have got

:43:59.:44:05.

is the second bit is not happening - true? The first plan is all about

:44:05.:44:10.

credibility on Britain's large budget deficit. Alongside that, we

:44:10.:44:14.

have to lay the foundations of economic success in the future and

:44:14.:44:18.

move away from the economy based on the success of one sector, the city

:44:18.:44:22.

of London, to a more balanced economy where we invest in our

:44:22.:44:27.

infrastructure, education, we have a welfare system where it pays to

:44:27.:44:32.

work. We will be setting out these measures on Tuesday to get the

:44:32.:44:36.

private sector enjoy a more competitive place so that British

:44:36.:44:42.

companies can compete now against companies in China, America and

:44:42.:44:46.

India as well as European counterparts. So there is a problem

:44:46.:44:50.

with getting the private sector moving again and you will try to

:44:50.:44:53.

address that this week. Can I go through some of the measures

:44:53.:44:59.

discussed? Perhaps most importantly, this idea of credit easing or

:44:59.:45:03.

getting cheaper money directly to small and medium-sized businesses

:45:03.:45:09.

for whom that would be an enormous thing. As I understand it, the plan

:45:09.:45:13.

is to underwrite cheaper money, which will then go via the banks to

:45:13.:45:20.

The basic idea of the National Loan guarantee Scheme is we can borrow

:45:20.:45:25.

money more cheaply so businesses can borrow more cheaply so we can

:45:25.:45:28.

underwrite the loans we make two small businesses to cut the

:45:28.:45:31.

interest rates that small businesses pay which will help with

:45:31.:45:35.

cash flow and to retain their workforces and help them expand and

:45:35.:45:39.

invest. We are using the fact we have earned the low interest rates

:45:39.:45:42.

as a government with the difficult decisions we have taken on spending

:45:42.:45:46.

to get lower interest rates for business is up and down the country.

:45:46.:45:51.

How much money will be available in the scheme? We are making �20

:45:51.:45:54.

billion available for the scheme but it sits within an envelope that

:45:54.:45:59.

could be as large as �40 billion. These are guarantees. We are not

:45:59.:46:06.

borrowing the money to ourselves, we are underwriting the loan. We

:46:06.:46:10.

are using our good name and are credit worthiness. There are many

:46:10.:46:14.

governments who could not operate the scheme because they would not

:46:14.:46:19.

be worthy enough in credit to do it. It is using the hard decisions we

:46:19.:46:23.

have taken to benefit small businesses. On behalf of tax payers

:46:23.:46:28.

up and down the country, a note of caution. If banks get into trouble

:46:28.:46:32.

and businesses who have taken the money get into trouble, in the end,

:46:32.:46:36.

the taxpayer is standing behind it. So this is not a decision without

:46:36.:46:42.

risk. Of course, we make a balanced judgement about the risks we take

:46:42.:46:46.

in the economy. I think this is relatively low risk for a

:46:46.:46:49.

government given the strength of our balance sheet and low interest

:46:49.:46:52.

rates and the credibility we haven't the world. We are

:46:52.:46:56.

underwriting the Loans the banks make to the small businesses so the

:46:56.:47:01.

banks are not carrying a credit risk for the small business and we

:47:01.:47:04.

have worked with the banks to make sure it is a sensible scheme. It

:47:04.:47:08.

means if you are a small business borrowing money at 5%, we might be

:47:08.:47:14.

able to reduce the interest rate to 4%, so that costs by a 5th the

:47:14.:47:21.

interest your pain. You would have -- the interest you are paying.

:47:21.:47:26.

What we can do with our credibility with small businesses is to offer

:47:26.:47:30.

something similar on mortgages for first-time buyers and new-build

:47:30.:47:34.

homes to help the construction industry to get the homes built and

:47:34.:47:38.

create demand for new homes and help families who can't possibly

:47:38.:47:45.

afford the deposit to pay for one. In all sorts of ways we are trying

:47:45.:47:49.

to not deliberately borrow more money to reset the low interest

:47:49.:47:55.

rates and the credit rating, but we will use every other tall at the

:47:55.:47:59.

disposal to get the economy moving to pull us out of the situation

:47:59.:48:03.

that many countries find themselves in at the moment. Asking about

:48:03.:48:07.

another of those things in the tool box, the notion of bringing forward

:48:07.:48:16.

and boosting the infrastructure spending. And getting pension funds

:48:16.:48:20.

to pay for it. Given that they do not want to take the risk of

:48:20.:48:23.

getting into the big schemes, how will you tempt them? British

:48:23.:48:27.

pension funds have not been investing the savings of British

:48:27.:48:30.

people in British infrastructure and we are totally going to change

:48:30.:48:34.

that. We have signed an agreement with the big pension funds which

:48:34.:48:38.

will see them investing British savings in British infrastructure,

:48:38.:48:42.

building an economy based on savings and investments rather than

:48:42.:48:48.

on debt and that the same time, overhauling Britain's and equip --

:48:48.:48:53.

antiquated road network and energy systems and actually building the

:48:53.:48:57.

things we need to have a more balanced economy. The City of

:48:57.:49:02.

London are behind us with this tool box. The City of London have done

:49:02.:49:05.

well in the last 10 years and financial services are important to

:49:05.:49:09.

the country, but be on the City of London we have to get the rest of

:49:09.:49:14.

the economy moving -- beyond the City of London. Are you going to

:49:14.:49:18.

bring in a further bank tax? will set out any tax measures on

:49:18.:49:22.

Tuesday. But I am clear that the financial sector has had to make a

:49:22.:49:27.

contribution and we have introduced a permanent bank levy, each and

:49:27.:49:31.

every year, seen the banks paying the tax they never paid in the past.

:49:31.:49:36.

We are in this together, all parts of society. All parts of the

:49:36.:49:40.

industry are contributing to recovery. A lot of people have been

:49:40.:49:43.

ahead to the strike plan on Wednesday, people at the bottom are

:49:43.:49:46.

making a disproportionate sacrifice. And the better-off are still not

:49:46.:49:54.

doing their share. I have attracted a lot of criticism for suggesting

:49:54.:49:57.

that child benefit should be taken away from higher rate tax-paying

:49:57.:50:02.

families. I get a lot of letters from people and I understand it is

:50:02.:50:10.

a difficult decision, but I did that that those measures... Father

:50:10.:50:14.

Richard better off? I don't think those with the child benefit would

:50:14.:50:17.

regard themselves as rich but they are better off than other parts of

:50:17.:50:20.

society. It was a difficult decision but I'm trying to be fair

:50:20.:50:24.

in a very difficult place where Britain has borrowed far too much

:50:24.:50:28.

money and has to pay back their debts. In the end, the money has to

:50:28.:50:32.

come from the British people and from a growing economy. You are

:50:32.:50:36.

having, as at a government, an argument with the trade unions, but

:50:36.:50:40.

do you personally have sympathy with those really quite poorly-paid

:50:40.:50:44.

public sector workers who will have to be paying more and working

:50:44.:50:49.

longer for a much poorer pension in some cases? I think there is a lot

:50:49.:50:55.

of misinformation around. Ed Balls was on this chair a few minutes ago

:50:55.:50:59.

saying that people earning under �15,000 will have to pay more. We

:50:59.:51:03.

have explicitly excluded people on low salaries from paying more

:51:03.:51:06.

contributions for their pensions. I think what is on offer is a good

:51:06.:51:10.

deal. I use sympathetic to public sector workers who were angry or

:51:10.:51:15.

not? -- are you sympathetic? I am trying to give them a decent

:51:15.:51:19.

pension for many years to come, better than you could get if you

:51:19.:51:25.

are in the private sector these days. We have the last Labour

:51:25.:51:28.

pension Secretary, Lord Hutton, to come in and do a report and we are

:51:28.:51:32.

using the report as the basis of a deal that is fair to the taxpayer

:51:32.:51:36.

but also fair to the public sector. In many cases they will get a

:51:36.:51:41.

bigger pension than they have had before. Yes, they will have to

:51:41.:51:44.

retire later or pay more contributions, but will have to do

:51:44.:51:47.

that because the society is older and the country is in debt. I have

:51:48.:51:52.

to try and asked you about the Eurozone before we finish. Do we

:51:52.:51:56.

face the danger of the country's leading the Eurozone or the

:51:56.:52:00.

Eurozone itself beginning to break up? Of course countries like

:52:00.:52:03.

Germany and France have openly asked the questions whether Britain

:52:03.:52:10.

can stake in the euro -- they can stay in the euro. If you want a cop

:52:10.:52:14.

-- microcosm of my life as a Chancellor, on Tuesday we are

:52:14.:52:17.

talking about the statement for the British Parliament, then I have to

:52:17.:52:22.

get on a train to go to Brussels to talk about the Eurozone. It is

:52:22.:52:26.

having a hugely chilling effect on the British economy. And you have a

:52:26.:52:32.

plan, do you, and I presume you do, for what we do if the Eurozone

:52:32.:52:35.

collapses completely? We have contingency plans for all

:52:35.:52:39.

situations. We have obviously stepped up contingency planning in

:52:39.:52:43.

recent months, and you would expect us to do that, but that does not

:52:43.:52:48.

mean that we predict any particular outcome, we are ready for whatever

:52:48.:52:53.

the Eurozone throws at us. What would it do to the country here if

:52:53.:52:56.

the Eurozone collapse? Give would have a massive impact on the UK if

:52:56.:53:02.

it were a diesel -- disorderly class. One in �7 of exports goes to

:53:02.:53:08.

Ireland, Italy, Portugal, Spain and Greece, just those countries. So it

:53:08.:53:11.

is a very important part of our economic strategy that we get the

:53:11.:53:15.

Eurozone moving as well. Thank you very much indeed, Chancellor. Here

:53:15.:53:20.

The Chancellor has admitted he expects official figures to show

:53:20.:53:24.

that economic growth has slowed. He said Britain was facing an

:53:24.:53:26.

exceptionally difficult time but insisted the government would do

:53:26.:53:31.

what it takes to deliver its plan for bringing down the deficit. On

:53:31.:53:36.

this programme, George Osborne gave details of a 20 billion pound loan

:53:36.:53:39.

guarantee scheme for small and medium-sized businesses. The shadow

:53:40.:53:42.

chancellor Ed Balls said Labour would look at the detail of the

:53:42.:53:45.

plan to boost lending to companies before deciding whether to support

:53:45.:53:50.

it. A rescue operation is under way to try and find six people missing

:53:50.:53:53.

after a cargo vessel got into difficulty in rough conditions off

:53:53.:53:58.

the coast of North Wales. Eight people were on board the ship which

:53:58.:54:02.

is believed to have suffered a cracked hull. Two people were

:54:02.:54:05.

rescued from the water. The ship was grounded off the coast of

:54:05.:54:10.

Cornwall last year. That is all from me for now. The next news on

:54:10.:54:18.

Well, the Chancellor is still with me, and we've been joined again by

:54:18.:54:21.

his Shadow, Ed Balls. And we also have with us Charlie Siem, who's

:54:21.:54:28.

been hailed as one of the most exciting young violinists around.

:54:28.:54:31.

Charlie will be playing this out with a slightly unfamiliar piece of

:54:31.:54:36.

music. It is by a Norwegian composer. Ole Bull, a distant

:54:36.:54:39.

relative of mine, and a colourful character from the 19th century.

:54:39.:54:43.

wrote some cracking music and you will be playing it on an

:54:43.:54:51.

extraordinary violin. This is from 1735, played by the Great Yehudi

:54:51.:54:56.

Menuhin. A one of his favourite violins. It is a great honour to be

:54:56.:54:59.

able to play it. We are looking forward to that. Maybe you should

:54:59.:55:07.

go and get ready and I will ask these two gentlemen to talk us out.

:55:07.:55:13.

You famously tear up, I read, when it comes to Antiques Roadshow. I

:55:13.:55:17.

think we should have an emotional moment between the two of you

:55:17.:55:20.

because you shout at each other all the time and I wonder what makes

:55:20.:55:27.

the Chancellor T Iraq. -- tear up. I have never cried watching

:55:27.:55:33.

Antiques Roadshow. I am watching the Killing, a Danish crime

:55:33.:55:36.

thriller. It is absolutely brilliant and there are moments

:55:36.:55:40.

there, mainly in the early episodes, so don't tell me what happens, but

:55:40.:55:43.

with the loss of the child and the grieving of the parents which are

:55:43.:55:49.

very, very hard to watch. Is there any chance of the two of you sort

:55:49.:55:53.

of standing shoulder to shoulder at this moment of national crisis?

:55:53.:56:01.

Earlier wrong, people watching a very scared now -- early on.

:56:01.:56:04.

believe Ed Balls has good motives and I hope people think I do. We

:56:04.:56:07.

both want to get the British economy moving. He has different

:56:07.:56:11.

views about how we do it but we would not question each other's

:56:11.:56:16.

motives. We question each other's policies. And we both are

:56:16.:56:19.

completely clear together that Britain didn't join the single

:56:19.:56:22.

currency and that was one of the most important decisions of the

:56:22.:56:28.

last 20 years. We have a debate about the strategy on deficit-

:56:28.:56:32.

reduction but we both want to do the best thing by Britain. Do you

:56:32.:56:36.

think he is the brightest they have got? George and I have got on quite

:56:36.:56:40.

well always. He is good at his job, is a good politician, but has made

:56:40.:56:44.

one big judgment wrong and that is what we are debating. We both agree

:56:44.:56:49.

that we cannot play the violin like Charlie. On that note, we can all

:56:49.:56:52.

agree. Thank you very much to both of you. That is all we have time

:56:52.:56:58.

for. Thank you to the Chancellor, the Shadow Chancellor and all my

:56:58.:57:01.

Andrew Marr 's guests include Shadow Chancellor Ed Balls and actress Rachel Weisz.


Download Subtitles

SRT

ASS