Browse content similar to 01/07/2012. Check below for episodes and series from the same categories and more!
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Good morning. There has been a lot to scare us on the television this | :00:43. | :00:48. | |
week. Penalty shoot-outs, banking Night Nurse, terror of the seas. | :00:48. | :00:55. | |
But has anything been quite a scary as the slow-motion close-up of Andy | :00:55. | :01:00. | |
Murray's face as he hammers and leaps and thrashes his way through | :01:00. | :01:07. | |
the tennis? The answer is, yes. The expression on his mother's face. | :01:07. | :01:13. | |
Only happy expressions for a few of the Sunday papers, Helena Kennedy, | :01:13. | :01:20. | |
and my colleague from Radio 2, Jeremy Vine. Those rivers of gold | :01:20. | :01:24. | |
on which British Bankers paddled for so long have become an ethical | :01:24. | :01:29. | |
quagmire, and moral cesspit, at least according to some politicians | :01:29. | :01:35. | |
and newspapers. Mis-selling, it rate fixing, collusion and greed. | :01:35. | :01:40. | |
The bosses wallowing in bonus joy while customers flounder. That is | :01:40. | :01:43. | |
the charge sheet. What is the future for an industry Britain has | :01:43. | :01:49. | |
come to rely on and how did we get here? The boss of the UK's main | :01:49. | :01:53. | |
financial watchdog Adair Turner is here to talk about the recent past | :01:53. | :01:56. | |
and uncertain future of British banking. Meanwhile apparently | :01:56. | :02:01. | |
confusing messages for British Euro-sceptics. On Friday the Prime | :02:01. | :02:07. | |
Minister said I did think it is the right thing to do of Alnwick in out | :02:07. | :02:13. | |
referendum, but this morning for me, the two words referendum and Europe | :02:14. | :02:20. | |
can go together. William Hague is with us and will explain all. It is | :02:20. | :02:24. | |
hard to think William Shakespeare would be greatly surprised by | :02:24. | :02:29. | |
today's stories of greed and corruption. The isle is full of | :02:29. | :02:33. | |
noises as it always was. The man regarded as the finest current | :02:33. | :02:37. | |
performer of the Bard's work is returning to the Globe Theatre, | :02:37. | :02:41. | |
Mark Rylance will tell us about playing Richard III at his -- and | :02:41. | :02:46. | |
his other theatrical plans for the summer. Martina Navratilova knows a | :02:46. | :02:51. | |
thing or two about performing on big stages. Thoughts from her on a | :02:51. | :02:55. | |
remarkable few days at Wimbledon and that Late Night dramatic win | :02:55. | :03:01. | |
from Wimbledon and a live song from Devon's very own Queen of song, it | :03:01. | :03:10. | |
Joss Stone. First, over to Naga Munchetty for the news. | :03:10. | :03:14. | |
David Cameron says he is prepared to hold a referendum on Britain's | :03:14. | :03:18. | |
relationship with the European Union. He told a Sunday newspaper | :03:18. | :03:24. | |
he wants a real choice for voters but he stopped short of promising a | :03:24. | :03:28. | |
referendum seeing one would only be held when the time is ripe. | :03:28. | :03:34. | |
David Cameron says he took steps to protect Britain's interests at the | :03:34. | :03:40. | |
summit last week which agreed new roles for banks. He said Europe is | :03:40. | :03:42. | |
changing fast and he could be prepared to hold a referendum, but | :03:42. | :03:46. | |
not yet. In his article for the Sunday Telegraph he says he wants | :03:46. | :03:56. | |
:03:56. | :04:11. | ||
The move has already been welcomed by some of his MPs. I believe | :04:11. | :04:16. | |
firmly in a referendum. We should have a referendum on significant be | :04:16. | :04:19. | |
good -- renegotiation with our relationship with the European | :04:19. | :04:23. | |
Union. It is important to do that when we are not facing an economic | :04:23. | :04:28. | |
crisis. Tomorrow Liam Fox will go much further calling for Britain to | :04:28. | :04:32. | |
negotiate a new looser and largely economic relationship with European | :04:32. | :04:36. | |
Union and put it to the people. He will say if the government doesn't | :04:36. | :04:40. | |
get what it wants from our European partners it should be prepared to | :04:40. | :04:44. | |
recommend Britain leads the European Union. David Cameron knows | :04:44. | :04:47. | |
his coalition partners take a different view on Europe. He wants | :04:47. | :04:52. | |
to wait until closer to the next election before making any firm | :04:52. | :04:59. | |
decisions on a referendum. The business secretary Vince Cable | :04:59. | :05:03. | |
has called on shareholders to get a stronger grip to prevent corruption | :05:03. | :05:08. | |
in banks. Writing in the Observer he condemns the incompetence, | :05:08. | :05:13. | |
corruption and greed endemic in British banking. We followed the | :05:13. | :05:18. | |
revelations staff at Barclays had been reading interbank lending. -- | :05:18. | :05:22. | |
Reading. A shareholder democracy is something Vince Cable is fighting | :05:23. | :05:26. | |
for. He wants the people who ultimately owned the company to | :05:26. | :05:30. | |
have more power over how much the bosses get paid but he also wants | :05:30. | :05:35. | |
them to get a stronger grip on those at the top. It follows the | :05:35. | :05:39. | |
�290 million fine handed out to Berkeley's For meant -- | :05:39. | :05:44. | |
manipulating the rate at Wickes -- at which banks lend to each other. | :05:44. | :05:54. | |
:05:54. | :06:01. | ||
This week the chief executive of Barclays Bank Bob Diamond will be | :06:01. | :06:05. | |
questioned by MPs and a review will be set up which will put forward | :06:05. | :06:10. | |
new regulations. Labour want a wider inquiry examining British | :06:10. | :06:14. | |
banking culture. Not to be the government has ruled out but it is | :06:14. | :06:20. | |
not exactly rolling it in either. After rebellions over pay its | :06:20. | :06:24. | |
shareholders bring it may become a shareholder summer. | :06:24. | :06:27. | |
Opposition activists in serious a 30 people were killed when a | :06:27. | :06:31. | |
funeral procession was bombed in Damascus. There has been no | :06:31. | :06:35. | |
independent cons -- confirmation of the attack. At a meeting of the | :06:35. | :06:39. | |
International Action Group on Syria in Geneva yesterday members of the | :06:39. | :06:42. | |
United Nations Security Council and regional powers called for a | :06:42. | :06:45. | |
transitional government to be settled. The group said the | :06:45. | :06:48. | |
government could include members of the existing regime and the | :06:48. | :06:53. | |
opposition and the US Secretary of State Hillary Clinton insisted | :06:53. | :06:56. | |
President Assad could not remain in power. | :06:56. | :07:00. | |
Millions of people in the eastern United States are likely to be | :07:00. | :07:03. | |
without power for several days because of damage caused by fierce | :07:03. | :07:07. | |
storms. 12 people were killed after a series of thunderstorms moving | :07:07. | :07:11. | |
from the Midwest struck the east coast. They are being made more | :07:11. | :07:16. | |
severe by a heatwave. That is all from me. I will be back just before | :07:16. | :07:21. | |
10am. Many banks. | :07:21. | :07:30. | |
To the front pages. Newspapers going on the banks and the European | :07:30. | :07:37. | |
poll. The Observer, throw out the bank cheats, cable tells | :07:37. | :07:42. | |
shareholders and a picture of Andy Murray looking very triumphant. | :07:42. | :07:49. | |
The Independent has gone for a similar front page. Again, Andy | :07:49. | :07:52. | |
Murray on the front. If you go to the Sunday Telegraph, | :07:52. | :07:57. | |
they have got the article by the Prime Minister that led the news | :07:57. | :08:01. | |
bulletins at the start of this show and they have got Liam Fox saying | :08:01. | :08:06. | |
we need a referendum. The new Tory battle lines. | :08:06. | :08:11. | |
Mail on Sunday, Britain to get fit on Europe, picking up on the same | :08:11. | :08:21. | |
:08:21. | :08:21. | ||
story. -- a vote. A picture of the Jade Jagger | :08:21. | :08:26. | |
wedding with Mick Jagger wearing a fetching kind of liked a violet | :08:26. | :08:34. | |
jacket. The father-in-law wore pink. Helena Kennedy and Jeremy Vine, | :08:34. | :08:43. | |
welcome. Where will we start? It has got to be banking. | :08:43. | :08:51. | |
Everywhere the papers are full of banking and a sense of outrage | :08:51. | :08:58. | |
about the rigging of interest rates. It is more endemic than people were | :08:58. | :09:04. | |
prepared to admit and what is widespread. Listeners are desperate | :09:04. | :09:09. | |
to see a bank in handcuffs. They are so desperate. Bob Diamond is | :09:09. | :09:12. | |
the latest culprit but we don't know whether he has done anything | :09:12. | :09:17. | |
wrong or illegal. An interesting paragraph in the Mail on Sunday | :09:18. | :09:22. | |
scene he put in a call to Ed Miliband to say it isn't as bad as | :09:22. | :09:31. | |
it looks and the call made Ed Miliband denounce him publicly. | :09:31. | :09:36. | |
Matthew Parry wrote a column saying we are all angry, furious, not | :09:36. | :09:41. | |
quite sure why, but we just, there seems to be this swelling quantity | :09:41. | :09:45. | |
of anger in the country that moves from one target to another, | :09:45. | :09:50. | |
politicians, newspapers, broadcasters, banks. This has been | :09:50. | :09:59. | |
bubbling away for quite some time. There was a moment in 2008 where we | :09:59. | :10:01. | |
thought is the world going to have to be reconfigured where money is | :10:01. | :10:08. | |
not going to be the God, and somehow it was back to business as | :10:08. | :10:16. | |
usual. And then this, people think they are not in the real-world | :10:16. | :10:21. | |
because it is affecting our lives. It says here 71% of people think | :10:21. | :10:31. | |
:10:31. | :10:31. | ||
Bob Diamond should go. 271 % of people understand what he has done? | :10:31. | :10:36. | |
-- do is 71 people. Do we understand? It has unleashed their | :10:36. | :10:44. | |
hatred. A sense there wasn't just is the first time. Is it having an | :10:44. | :10:51. | |
impact on the way in which ordinary people's lives have been led? Banks | :10:51. | :10:55. | |
being corrupt, mortgages taken away. People's lives are affected by the | :10:55. | :11:00. | |
stuff. We know there is a sense of ghastliness at the top level. | :11:01. | :11:04. | |
very interesting story in the Mail on Sunday which argues this fixing | :11:04. | :11:10. | |
of the libel rate was indeed connected to the banking crash of | :11:10. | :11:14. | |
2080 because it didn't alert regulators in time. It looked as if | :11:14. | :11:18. | |
it was less bad than it was because the undershot the rate and a result | :11:18. | :11:28. | |
:11:28. | :11:29. | ||
of that was the policy response. You are going all pastern on us. -- | :11:29. | :11:37. | |
Peston. The main banks didn't look as bad. In fact, they were fiddling | :11:37. | :11:41. | |
it to make it look as if they were doing fine. Let's move to the next | :11:41. | :11:46. | |
thing, we will talk quickly about the euro. | :11:46. | :11:54. | |
This is the Big story, kind of interesting the more right-wing | :11:54. | :11:58. | |
newspapers their big story is the one on the euro and Europe. David | :11:58. | :12:04. | |
Cameron saying he will consider a referendum, but not right now. You | :12:04. | :12:08. | |
get a different and more Euro- sceptic view from Liam Fox saying | :12:09. | :12:13. | |
they cannot be any more waiting around, people want to see a | :12:13. | :12:18. | |
renegotiation. There is a suggestion Cameron is coming in on | :12:18. | :12:22. | |
this because he wants to steal a march on Labour because Miller Band | :12:22. | :12:24. | |
has also been talking about something having to be done about | :12:25. | :12:31. | |
our relationship in Europe -- Ed Miliband. It is to make sure the | :12:31. | :12:38. | |
Lib Dems are pushed out onto the edge. I want to mention Syria, such | :12:38. | :12:44. | |
an impenetrable story. The stuff going on is terrible and we must | :12:44. | :12:49. | |
take note. And the massacre were a lot of babies were killed, it seems | :12:49. | :12:54. | |
to have been forgotten. There is a piece in the Observer saying the | :12:54. | :12:59. | |
concern of the rebels is president Assad could get shoved out. United | :12:59. | :13:03. | |
Nations are talking in Geneva. You could lose him but keep the regime | :13:03. | :13:08. | |
and it would be no solution at all. They think Russia make push | :13:08. | :13:12. | |
President Assad out and that would not end it. I don't know what the | :13:12. | :13:18. | |
solution is. Certainly what people are not very enthusiastic about his | :13:18. | :13:25. | |
intervention. The fear is of what they would be after. So am sort of | :13:25. | :13:32. | |
Islamist takeover. And people feel our own military are stretched to | :13:32. | :13:39. | |
the limit. I picked upon the story. Britain's private schools have lost | :13:39. | :13:43. | |
their moral purpose. This is about how there was a big push in the | :13:43. | :13:47. | |
expansion of academies that private schools, the Great, grand private | :13:47. | :13:54. | |
schools, would come in and play a role in supporting Academy's. And | :13:54. | :13:59. | |
the headmaster of Wellington School has done that, and so has eaten but | :13:59. | :14:03. | |
none of the others have stepped up to the plate because the parents | :14:03. | :14:08. | |
don't want to be paying for their benefit and privilege and to see it | :14:08. | :14:13. | |
being headed off in the direction of state schools. We're not talking | :14:13. | :14:19. | |
about Lords reform in the paper, but nonetheless it is big next week. | :14:19. | :14:24. | |
There was a story in the Sunday Mail by a Liberal peer he takes a | :14:24. | :14:31. | |
different position from Nick Clegg. -- who takes. This is one of those | :14:31. | :14:34. | |
stories were party leaders say it is often different from what is | :14:34. | :14:39. | |
happening below the radar. I am convinced although David Cameron is | :14:39. | :14:44. | |
saying he is on favour, it is partly to appease Nick Clegg and he | :14:44. | :14:47. | |
knows fast tracks of the Conservative Party are against that. | :14:47. | :14:51. | |
For the millions of people watching, what they need to know is is it | :14:51. | :14:55. | |
going to happen and do they need to concentrate harder or can they | :14:55. | :15:03. | |
ignore it? I suspect we will get the vegetarian option. It will be | :15:03. | :15:12. | |
some minor, the red meat will be taken out. Some reform, 10% elected | :15:12. | :15:18. | |
but a gradual process. Are the not going to run out of people to | :15:18. | :15:28. | |
:15:28. | :15:32. | ||
This is the UK in the Sun newspaper. They are trying to monitor online | :15:32. | :15:40. | |
bad behaviour. They are saying every green spot on this map is a | :15:40. | :15:46. | |
paedophile accessing child pawn. But they say the numbers are low | :15:46. | :15:52. | |
because it is hot outside. But they have some technology, and it said | :15:53. | :16:00. | |
it is a man in his office looking at pornography. We do know a lot of | :16:00. | :16:04. | |
accessing of pornography takes place in the workplace and it is | :16:04. | :16:10. | |
the employers making these things possible because doing it at home | :16:10. | :16:16. | |
is riskier. Are we going to be talking about sex in general? | :16:16. | :16:21. | |
there is this book called the 50 shades of grey. It is soft | :16:21. | :16:25. | |
pornography by all accounts. still do not know what it is about. | :16:25. | :16:31. | |
I think we can guess. In the Observer there is an interesting | :16:31. | :16:38. | |
debate, is it anti-feminist. And the writer says, is this about a | :16:39. | :16:43. | |
society which everything is so explicit now about sex, you have to | :16:43. | :16:49. | |
go looking for thrills elsewhere? So it is taken into this sado- | :16:49. | :16:55. | |
masochistic area. And then you have another author, who is an expert in | :16:55. | :17:01. | |
the field of sado-masochism and stuff, says this really is | :17:01. | :17:07. | |
retrograde for women. And it will lead to sort of dangerous zones of | :17:07. | :17:13. | |
behaviour, which are risky. It is an interesting debate. We are close | :17:13. | :17:23. | |
:17:23. | :17:26. | ||
to running out of time. The Italian striker, Mario Balotelli. I am | :17:26. | :17:31. | |
losing focus on the whole thing. This is a great profile of him in | :17:31. | :17:36. | |
the Sunday Times. The is very eccentric. He had a firework | :17:36. | :17:41. | |
display in his own home. His mother sent him out to buy an ironing | :17:41. | :17:47. | |
board and he came back with a quad bike. The police stopped him with a | :17:47. | :17:52. | |
large amount of cash in his car and when they asked him why did he have | :17:52. | :18:00. | |
this money, he said "because I am rich". He is very eccentric. Jeremy, | :18:00. | :18:04. | |
you have a book about the strange people who inhabit this building | :18:04. | :18:11. | |
and others? I was frisked on the way in and I did not get it in. | :18:11. | :18:17. | |
Anecdotes behind the news at the BBC? How did 50 shades of grey get | :18:17. | :18:25. | |
that pick up? It is not dirty enough. Great photographs of Jeremy | :18:25. | :18:30. | |
Vine as a young man, with long hair. There is a piece about old rockers | :18:31. | :18:39. | |
in the papers. The fire North fork from you. -- final thought. | :18:39. | :18:45. | |
Apparently there is a hawk that hovers over Wimbledon that sees off | :18:45. | :18:51. | |
pigeons that can distract players. But it has been stolen. Thanks to | :18:51. | :18:57. | |
you both very much. To the weather, I have been loving the unfamiliar | :18:57. | :19:05. | |
kiss of sunlight and balmy evening breezes. But I suspect the record- | :19:05. | :19:15. | |
:19:15. | :19:20. | ||
breaking rain is going to be back It does not look too bad today. The | :19:20. | :19:26. | |
wind is not as blustery. A beautiful satellite picture. South | :19:26. | :19:32. | |
Eastern areas in Sunshine, north- western areas cloudy and damp. But | :19:32. | :19:38. | |
it will be a reverse of fortunes because the cloud will spread east. | :19:38. | :19:44. | |
In Scotland we will see some sunny spells, scattered showers. North | :19:44. | :19:50. | |
West England will improve. North East England will pick up some | :19:50. | :19:57. | |
showers. Showers are hit and miss over south-western parts. Brighter | :19:57. | :20:02. | |
skies across the Midlands with light winds and Sunshine. South- | :20:02. | :20:06. | |
west England and Wales also brightening up this afternoon. A | :20:06. | :20:12. | |
few light showers with light winds. Into Northern Ireland, things | :20:12. | :20:19. | |
improve, but there is cloud and rain and it sets us up for Monday. | :20:19. | :20:24. | |
Turning cloudy, wet and for many it is looking like an unsettled week | :20:24. | :20:33. | |
We have been hearing the scandal of rigging interest rates, Barclays | :20:33. | :20:38. | |
Bank and possibly others under pressure. Investigators from the | :20:38. | :20:43. | |
Serious Fraud Office who regulates the FA a -- EFSA and its chairman, | :20:44. | :20:49. | |
Adair Turner is with me in the studio. Will we see bankers in | :20:49. | :20:53. | |
jail? The it has been a black week for the reputation of British | :20:53. | :20:58. | |
banking. People are justifiably angry at some of the practices | :20:58. | :21:06. | |
which were present in the run-up to the financial crisis of 2008. The | :21:06. | :21:11. | |
situation on the law is that we have looked very carefully at what | :21:11. | :21:16. | |
types of cases we can bring. In this case of libel, because it is | :21:16. | :21:20. | |
not a qualifying instrument under the Act, it is not covered by | :21:20. | :21:25. | |
criminal law. We have brought the maximum cases we can bring under | :21:25. | :21:29. | |
our own powers for breaches of principles. The it will seem to | :21:29. | :21:34. | |
many people very bizarre that fixing the interbank rate at which | :21:34. | :21:39. | |
affects mortgage payers and the general sort of, health check of | :21:39. | :21:45. | |
the banking system at any one time, but that is not criminal offence? | :21:45. | :21:49. | |
It was failing to make its own mistake by the last Government? | :21:49. | :21:56. | |
you go back over 20 years, we started with, in these areas, self- | :21:56. | :22:01. | |
regulatory approach. Slowly, over the last 15 years, we have | :22:01. | :22:08. | |
toughened approach. The act itself was a toughening. Further steps | :22:08. | :22:14. | |
were made a few years ago to bring criminal charges in particular | :22:14. | :22:19. | |
areas of market abuse. But they did not cover the libel market. We have | :22:19. | :22:22. | |
to look further to see if we can strengthen these powers on top of | :22:22. | :22:28. | |
we have got at the moment. It has been a gradual strengthening over | :22:28. | :22:34. | |
time, but it is not enough. We know about Barclays Bank, RBS bought are | :22:34. | :22:38. | |
you concerned it may have spread to other banks? But also could there | :22:38. | :22:45. | |
be collusion between banks? notice, the statement of what went | :22:45. | :22:50. | |
wrong we brought out this week made it clear that there were severe | :22:50. | :22:55. | |
problems in Barclays Bank. But we have ongoing inquiries in relations | :22:55. | :23:00. | |
-- relation to other banks. The case we have brought against | :23:00. | :23:06. | |
Barclays Bank also shows some collusion, some interbank | :23:06. | :23:11. | |
discussion which is there in what we have said. It is important that | :23:11. | :23:16. | |
pretty much all of what we have talked about relates to the period | :23:16. | :23:23. | |
of 2006, 2007, 2080. They have been significant steps to tighten this | :23:23. | :23:28. | |
up. I don't believe the same behaviour is going on in relation | :23:28. | :23:35. | |
to the libel market now. -- 2008. It is still a terrible thing to | :23:36. | :23:41. | |
find out. When you listen to the Quotes of traders chatting about | :23:41. | :23:45. | |
how they will make money out of this, it has justifiably angered | :23:45. | :23:51. | |
people. Why did it take the FSA so long to find this out and how did | :23:51. | :23:57. | |
you find it out? Rumours began to circulate. That is often how we | :23:57. | :24:04. | |
find things out. The CFTC in the US began to look at it. We got | :24:04. | :24:13. | |
involved in it as well. This began in 2009. We put together an | :24:13. | :24:18. | |
investigation programme. Investigation of these thoughts -- | :24:18. | :24:21. | |
investigations of these types that take a long time to come to | :24:21. | :24:26. | |
fruition. It is not true to say we have found this out only in the | :24:26. | :24:30. | |
last week, but the legal process has come to fruition in the last | :24:30. | :24:35. | |
week. If this spreads to Wall Street as well, as many people | :24:35. | :24:42. | |
think and this collusion between banks, is it criminal? And, are you | :24:42. | :24:47. | |
concerned about London's position as one of the world's great | :24:47. | :24:52. | |
financial capitals? It could hardly be worse, the news rattling around | :24:52. | :24:58. | |
the world at the moment? The FSA's powers to use criminal sanctions | :24:58. | :25:04. | |
relate to specific things like the equity price. We cannot use | :25:04. | :25:10. | |
criminal powers in relation to this. If there has been straight fraud, | :25:10. | :25:15. | |
the Serious Fraud Office has the ability to bring cases. Of course, | :25:15. | :25:21. | |
we have been in discussion, and when we bring cases, we get into | :25:21. | :25:26. | |
discussion with them. The reputation of London is important. | :25:26. | :25:31. | |
All are the actions that were covered this week occurred before | :25:31. | :25:39. | |
May 2009, and most of them in 2006 and 2008. It is still a shock to | :25:39. | :25:43. | |
the banking industry. It comes on top of lot of other things that | :25:43. | :25:48. | |
went wrong. If you look what happened in the derivative markets. | :25:48. | :25:52. | |
Do you think the banks need to be divided into the risk-taking | :25:52. | :25:58. | |
merchant banks, and the ordinary banks? What the Vickers Report has | :25:58. | :26:03. | |
proposed, do we need to see a division? I think those proposals | :26:03. | :26:09. | |
are sensible. I do support them. It will separate banking to households | :26:09. | :26:14. | |
and small business, from the rest of banking. It is important for us | :26:14. | :26:18. | |
to understand it won't be sufficient in itself to deal with | :26:18. | :26:24. | |
these problems. Even in the bits which is outside the ring fence | :26:24. | :26:27. | |
under the Vickers Report, which includes the foreign exchange | :26:27. | :26:34. | |
markets, lending money and provided money to major corporates. We need | :26:34. | :26:39. | |
to make sure the practices we have seen are driven out of that area of | :26:39. | :26:43. | |
finance as well. The Vince Cable has talked about a cesspit of | :26:43. | :26:49. | |
corruption. Mervyn King has used strong language, the public are | :26:49. | :26:52. | |
outraged. There won't be prosecutions and you have explained | :26:52. | :26:59. | |
why, something has to change in the culture. When will that happen? | :26:59. | :27:04. | |
Government is looking after my report on RBS on whether we should | :27:04. | :27:09. | |
change the law about the liability of directors. One of the ideas I | :27:09. | :27:13. | |
put forward in the forward to that report, which was produced last | :27:13. | :27:18. | |
December, he is whether we should switch round the presumption in | :27:18. | :27:24. | |
some of our decisions. If you are a director of a bank that fails - | :27:24. | :27:29. | |
that is not a matter of bad practice, but causing problems to | :27:29. | :27:33. | |
the economy, whether there is a presumption you shouldn't be | :27:33. | :27:37. | |
allowed back into the industry again. You'll have to be able to | :27:37. | :27:43. | |
read but at that by saying I was the man he was trying to put up the | :27:43. | :27:47. | |
Red Flag to stop that. That might be the sort of person you want in | :27:47. | :27:51. | |
the industry. But the Government will come out next week with | :27:51. | :28:01. | |
proposals to follow on from that. Called "more heads will roll" | :28:01. | :28:08. | |
proposals? It could be. Al Pacino no less, has said of my | :28:08. | :28:14. | |
next guest he speaks Shakespeare as if it was written for him the night | :28:14. | :28:20. | |
before. Another reviewer thinks there is great acting,, a very | :28:20. | :28:25. | |
great acting and then what Mark Rylance does on top of that. He has | :28:25. | :28:35. | |
:28:35. | :28:35. | ||
taken his stage reputation to another level. This is him in | :28:35. | :28:45. | |
:28:45. | :28:55. | ||
You've gazed into the mirror and you shock. Mark Rylance is | :28:55. | :28:59. | |
returning to the Globe Theatre which he ran for many years. You're | :28:59. | :29:05. | |
the director for 10 years? You are coming back to do Richard III, one | :29:05. | :29:13. | |
of the great roles. And a Libya. Richard III, we will be seeing that | :29:13. | :29:22. | |
soon? About two weeks. Are you were almost ready for it? Almost. | :29:22. | :29:26. | |
did an all-male Twelfth Night? are interested in the original | :29:27. | :29:31. | |
playing practices that Shakespeare wrote for. Twelfth Night, you have | :29:31. | :29:40. | |
got Stephen Fry? It should be great fun. It is his great -- favourite | :29:41. | :29:50. | |
part. Do you think people have lost this snotty reputation and has | :29:50. | :29:55. | |
established itself as a prime Shakespearean venue in the country? | :29:55. | :30:00. | |
What reputation it has, it is widely attended and the delight of | :30:00. | :30:05. | |
it for me is sitting around outside the theatre at the moment learning | :30:05. | :30:11. | |
my lines is the spectrum of people. There are visitors, where would | :30:11. | :30:17. | |
London B, Stretford upon-Avon be without visitors? I cannot | :30:17. | :30:23. | |
understand a complaint about visitors coming to this country. | :30:23. | :30:29. | |
They only pay �5. And they can leave. If it is boring or they have | :30:29. | :30:35. | |
had enough, they can leave without it being an embarrassment. Often in | :30:35. | :30:40. | |
theatres if you leave, you have to make an embarrassing statement. The | :30:40. | :30:45. | |
freedom Shakespeare gave to his audience was popular. A lot of | :30:45. | :30:49. | |
visitors will be coming for the Olympics. I heard a story that one | :30:49. | :30:53. | |
of the things that might happen to you if you are wandering around | :30:53. | :30:57. | |
London during the Olympics, is somebody might come up to and start | :30:58. | :31:07. | |
:31:08. | :31:08. | ||
to speak a little bit of We have been given money to a | :31:08. | :31:11. | |
higher at 50 actors and disguise them as normal people, which is | :31:12. | :31:17. | |
difficult, and plant them in different places in London so you | :31:17. | :31:21. | |
wouldn't be able to discern them. You might be sitting on a bench and | :31:21. | :31:27. | |
seven men would gather around you. Or maybe simply in a suit like your | :31:27. | :31:34. | |
good self, and start to discuss the assassination of Caesar. He sounds | :31:34. | :31:39. | |
a wonderfully mad idea. Very intimate and hope for the very real. | :31:39. | :31:45. | |
You will be giving a Shakespearean speech as part of the opening or | :31:45. | :31:49. | |
closing -- closing ceremony. will get me trouble, I am not | :31:49. | :31:56. | |
allowed to say anything. And what about being part of the Olympics, | :31:56. | :32:03. | |
it is all sponsored, a big corporate thing, but you are OK? | :32:03. | :32:07. | |
think it is a pity the corporation's are able to buy such | :32:07. | :32:13. | |
a platform and present themselves, in the case of BP, as part of Team | :32:13. | :32:18. | |
England. They may have worked here for 100 years but they are part of | :32:18. | :32:20. | |
the Board of that organisation and will they are interested in is | :32:21. | :32:24. | |
making money at the cost of indigenous people and the | :32:24. | :32:29. | |
environment. Why they should be able to position themselves as some | :32:29. | :32:32. | |
have a host of these games to the rest of the world and to us, I | :32:32. | :32:38. | |
think is not right. It is time some battle-lines were drawn. After all, | :32:38. | :32:42. | |
a tobacco company would not be accepted as a sponsor, a good thing. | :32:42. | :32:47. | |
Hopefully an arms company wouldn't be accepted. So a proper discussion | :32:47. | :32:53. | |
about where that ethical line is, as it does exist, in a relationship | :32:53. | :32:56. | |
to the environment and obesity in the case of McDonald's. What is | :32:56. | :33:02. | |
that? Are seeing a McDonald's behind these wonderful athletes and | :33:02. | :33:05. | |
thinking there is some connection between eating that sugar and being | :33:05. | :33:13. | |
an athlete. York notion, your ideas about Englishness are somewhat | :33:13. | :33:22. | |
rebellious. The Byron character you inhabited for so long, the notion | :33:22. | :33:27. | |
of the country that is a stroppy, difficult questioning country is | :33:27. | :33:33. | |
not a smooth corporate place. is a great blessing of the country. | :33:33. | :33:38. | |
It has always had a very wild nature and a questioning nature. | :33:39. | :33:43. | |
And hence the poetry and the songs and the plays and the books are | :33:43. | :33:49. | |
admired and enjoyed. And the language is enjoyed. Very widely. | :33:49. | :33:52. | |
Because of that imaginative inventive nature, that is something | :33:52. | :33:57. | |
the Olympic opening ceremony will celebrate. It is a country of great | :33:57. | :34:04. | |
invention. Most inventors have an ability to think without the box. | :34:05. | :34:08. | |
That is something I admire about English people. Talking about the | :34:08. | :34:12. | |
box, you have done a bit of television, a bitter film, but not | :34:12. | :34:17. | |
much compared to most actors of your stature -- a bit of film. He | :34:17. | :34:23. | |
liked the directness of being on stage. -- You Like It. You got rid | :34:23. | :34:27. | |
of your age and because you wanted to do -- because they wanted you to | :34:28. | :34:32. | |
do more Hollywood big roles. I did decide I didn't want to promote | :34:32. | :34:36. | |
myself in that field and I felt I had spent my whole life thinking of | :34:37. | :34:44. | |
what I wasn't instead of what I was. I am very lucky and blessed to be | :34:44. | :34:47. | |
successful in live theatre and why should I worry about other mediums? | :34:47. | :34:52. | |
Agents are hired, they will make more money if they get you into | :34:52. | :34:57. | |
other mediums, they are pushing for that kind of thing. Is it simply a | :34:57. | :35:02. | |
time-wasting distraction, compared with mainline on a live theatre | :35:02. | :35:07. | |
stage, doing film? I really admire film actors, don't get me wrong, | :35:07. | :35:12. | |
and I love going to film, but in terms of somebody who likes to play, | :35:12. | :35:16. | |
Martina likes to play tennis, I like to act, pretend I am someone | :35:16. | :35:21. | |
else, and play with other actors. In a film you will get maybe 30 | :35:21. | :35:24. | |
seconds, then a couple of hours waiting, two minutes. In a play | :35:24. | :35:31. | |
like Jerusalem there were six or seven of us -- six or seven of us | :35:31. | :35:35. | |
playing for 45 minutes. In Richard III I will play for long stretches. | :35:35. | :35:41. | |
That is what I enjoy doing. Physically tough, you really bulked | :35:41. | :35:48. | |
up. A I made myself a bit stronger. He cannot wait to hear how Richard | :35:48. | :35:54. | |
III and 12 might go. Peggy very much for coming in. -- 12th Night. | :35:54. | :35:57. | |
The Olympics might have deflected some of the attention but the | :35:57. | :36:01. | |
second week of Wimbledon is always guaranteed to be exciting. If Andy | :36:01. | :36:05. | |
Murray continues his run at the title. The women's game is more | :36:05. | :36:09. | |
competitive than it has ever been with a host of players vying for | :36:09. | :36:12. | |
top ranking and probably very glad they never had to play my next | :36:13. | :36:17. | |
guest because her first victory against Chris Evert in 78 was the | :36:17. | :36:22. | |
first of 20 Wimbledon titles and she was still playing doubles as | :36:22. | :36:27. | |
recently as 2006. She is obviously Martina Navratilova. Thank you so | :36:27. | :36:33. | |
much for coming in. Great to have you again. It has been an | :36:33. | :36:36. | |
extraordinary start to the Wimbledon season. Giant killing | :36:36. | :36:43. | |
going on on all sides. An amazing week. Nadal going out, nobody | :36:43. | :36:49. | |
expected it, including his opponent. And the way he played in the 5th | :36:49. | :36:56. | |
set, Rosol could beat anybody. When you're in is so new play a little | :36:56. | :37:01. | |
bit better. This guy is down here but he played a peer. -- Kinnock | :37:01. | :37:10. | |
yours own. -- in eight zone. Let's talk about Andy Murray. A long | :37:10. | :37:16. | |
session. I sat there hour after hour, it seemed. I kept hoping to | :37:16. | :37:20. | |
switch to the Shakespeare on the owner -- on the other Channel but | :37:20. | :37:26. | |
it went on and on. I suppose we should whatever else Andy Murray | :37:26. | :37:31. | |
has got, he has got staying power, he has got guts, he just keeps | :37:31. | :37:37. | |
going. What was amazing is he knew they had to stop the match at 11. | :37:37. | :37:40. | |
When they were in the middle of the third set as said there is no way | :37:41. | :37:48. | |
they can finish at 11. He managed to win the third set, came back | :37:48. | :37:54. | |
from a breakdown, and then the 4th. He has got to extraordinary facial | :37:54. | :38:00. | |
expressions but he looks like he is enjoying himself more. I saw the | :38:00. | :38:04. | |
change at the Australian Open. His attitude improved and he played the | :38:04. | :38:08. | |
best tennis he has ever played. He hasn't been able to play that well | :38:08. | :38:12. | |
since, but he seems to be peaking as seems happier. Even in the | :38:12. | :38:19. | |
interviews. It pays off. Let's talk about the women's game. It is an | :38:19. | :38:23. | |
odd period, a transition period. Some of the great names, the | :38:23. | :38:27. | |
Williams sisters, are perhaps towards the end of their period, | :38:27. | :38:33. | |
and we don't have a Navratilova, Evert thing going on. Lots of | :38:33. | :38:36. | |
different people coming forward at the moment. Slightly confusing | :38:36. | :38:42. | |
picture. We have not had a great run for a while, a lot of flux at | :38:43. | :38:49. | |
the top. Five different number ones still in the draw. But Petra | :38:49. | :38:53. | |
Kvitova or one last year, hasn't won a tournament this year. -- she | :38:53. | :38:58. | |
won last year. She seems to be hitting her form. And Maria | :38:58. | :39:02. | |
Sharapova, she was number one, shoulder surgery and we write to | :39:02. | :39:12. | |
:39:12. | :39:16. | ||
Rough and she has come back again. -- we put her off. -- wrote. And | :39:16. | :39:21. | |
Serena Williams came back yesterday and could win. Women's tennis is in | :39:21. | :39:27. | |
its golden age. We haven't had this kind of rivalry since Bjorn Borg | :39:27. | :39:31. | |
and McEnroe, that sense of rivalry and play. Now we have Djokovic, | :39:31. | :39:37. | |
Federer, Nadal, all at the same time so an amazing time period and | :39:37. | :39:41. | |
Andy Murray is unfortunately played at the same time. He can still get | :39:41. | :39:49. | |
through. Who do you fancy, what is your feeling? After the French, it | :39:49. | :39:53. | |
was Jo-Wilfried Tsonga, because he played so well, match points | :39:53. | :39:58. | |
against Djokovic and grass will be a much better surface. He is | :39:58. | :40:06. | |
hitting the ball very well. The only player who hasn't lost his | :40:06. | :40:10. | |
serve. I think Petra Kvitova has a good chance, playing better and | :40:10. | :40:14. | |
better. This tournament makes you feel like the defending champion | :40:14. | :40:19. | |
more than any other. It gives you a little extra. She has got a good | :40:19. | :40:24. | |
shot at it but it is harder to discount Serena Williams and Maria | :40:24. | :40:29. | |
Sharapova, playing the best tennis of her life and feeling confident. | :40:29. | :40:34. | |
Thank you very much, it will be a great week. You never expect a | :40:34. | :40:37. | |
quiet life as Foreign Secretary and there is no doubt William Hague has | :40:37. | :40:42. | |
had plenty to occupy him recently. He is just back from the United | :40:42. | :40:46. | |
nations' latest conference on Syria when negotiations on the future of | :40:46. | :40:52. | |
the eurozone drag on, and there is this more confusion of a British | :40:52. | :40:55. | |
referendum to ponder. Add to that a senior role in the delicate | :40:56. | :40:59. | |
coalition government and there can be not very much time for | :40:59. | :41:06. | |
chillaxing. William Hague joins me now. Looking relaxed. Can we start | :41:06. | :41:10. | |
with the slightly curious clicking referendum situation which is that | :41:10. | :41:17. | |
after that Friday summit David Cameron said in-out referendum, | :41:17. | :41:20. | |
absolutely not, not the right thing to do, and there was a fair amount | :41:20. | :41:24. | |
of dismay including in the Conservative Party about that and | :41:24. | :41:30. | |
this morning he is saying referenda in Europe, they can go together -- | :41:30. | :41:34. | |
referendum and Europe. The coalition talks about referendum | :41:34. | :41:39. | |
and the people who decide and you never do anything about it. We have | :41:39. | :41:44. | |
done something, because in this Parliament we have passed, my team | :41:44. | :41:50. | |
took through Parliament, the act of last year which says. He is | :41:50. | :41:54. | |
legislation, not a referendum. major act of parliament that says | :41:54. | :41:58. | |
if we or any future government are to pass any more powers to Europe | :41:58. | :42:03. | |
in a new treaty there has to be a referendum by law. We have already | :42:03. | :42:07. | |
brought that. What the Prime Minister is saying today is | :42:07. | :42:10. | |
expanding upon what he said on Friday, he put the argument on | :42:10. | :42:15. | |
Friday which I have often put to why we did what a referendum now on | :42:15. | :42:22. | |
being in or out of Europe. Argue against any in or out referendum? | :42:22. | :42:28. | |
He is saying he will set out in the autumn our approach to this. We are | :42:28. | :42:38. | |
:42:38. | :42:45. | ||
not against referendums pair say, We have had it, we want our voice, | :42:45. | :42:51. | |
you are saying vote for another party. We are saying what most | :42:51. | :42:58. | |
people want is a better relationship with Europe. Actually | :42:58. | :43:02. | |
it wouldn't help achieve that if you had a referendum on staying or | :43:02. | :43:07. | |
leaving because if people voted to leave it would have all great | :43:07. | :43:12. | |
disadvantages of leaving the single market. For the be disastrous for | :43:12. | :43:17. | |
Britain if we left? A my view is we should stay in the European Union, | :43:17. | :43:23. | |
there are huge advantages. Foreign policy, Burma, Iran, Syria. He is | :43:23. | :43:28. | |
setting the pace, a leading foreign policy? Britain plays a leading | :43:28. | :43:33. | |
role and the single market is very important to jobs. The ride | :43:34. | :43:42. | |
disadvantages. -- There are disadvantages. There is too much | :43:42. | :43:46. | |
interference, bureaucracy, decisions made at European level. | :43:46. | :43:51. | |
That is what we want to change. What the Prime Minister is saying | :43:52. | :43:55. | |
is the time to decide on a referendum or general election | :43:55. | :43:59. | |
about our relationship with Europe is when we know how Europe will | :43:59. | :44:03. | |
develop over the coming months and years with the euro is in crisis | :44:03. | :44:07. | |
and when we know whether we can get that better relationship. -- | :44:07. | :44:13. | |
eurozone crisis. The Prime Minister wants, you want, a much deeper | :44:13. | :44:19. | |
federal Europe to save the euro for the eurozone. Our relationship with | :44:19. | :44:24. | |
that kind of Europe is obviously very different from our | :44:25. | :44:28. | |
relationship today with the Europe we have at the moment, more | :44:28. | :44:34. | |
flexible, uncomplicated. If we have that federal route we must have a | :44:34. | :44:41. | |
referendum, which you agree? That is part of the argument. If it | :44:41. | :44:47. | |
changes in that way, and if we know, once we know whether we can get a | :44:47. | :44:52. | |
better relationship with Europe, that is the time to make a case for | :44:52. | :44:56. | |
a referendum or if there is a clear division between the parties, to | :44:56. | :45:02. | |
decide a general election. That is the time, not now. E if we get a | :45:02. | :45:06. | |
deeper Europe as a result of the negotiations between Angela Merkel | :45:06. | :45:14. | |
and all the rest of it, if we get a banking union, that is the big | :45:14. | :45:16. | |
change that would make the Conservatives' long-standing | :45:16. | :45:26. | |
:45:26. | :45:34. | ||
promise about a referendum That is one of the factors. Then we | :45:34. | :45:40. | |
can give people a real choice. That is the argument in the Prime | :45:40. | :45:45. | |
Minister's article. The arguments are very powerful and it would add | :45:45. | :45:52. | |
greatly to the case for a referendum. If Europe changed | :45:52. | :45:57. | |
radically, and it looks as if it will, then our relationship does | :45:57. | :46:03. | |
have to be put back to the British people again? That is what there is | :46:03. | :46:09. | |
a powerful case for. What I would like and what the Prime Minister is | :46:09. | :46:13. | |
explaining, we also wants the chance to find out if we can have a | :46:13. | :46:18. | |
better relationship with Europe, with more powers return to national | :46:18. | :46:24. | |
level. I am not denying the force of the arguments. It is a very | :46:24. | :46:29. | |
major factor. The immediate priority with that is to make sure | :46:29. | :46:32. | |
we do not lose any of our national decision-making to those changes | :46:32. | :46:39. | |
taking place in the eurozone. That is what we have successfully sorted | :46:39. | :46:44. | |
so far. I know you are still hedging on this, but it should be | :46:45. | :46:48. | |
possible to simply say yes to the suggestion it Europe goes | :46:48. | :46:52. | |
completely Federal, we will have a referendum about our relationship | :46:52. | :46:58. | |
with that Europe? You do not know how it will develop. It is possible | :46:58. | :47:04. | |
the eurozone could develop into a more concentrated core. A them | :47:04. | :47:09. | |
moment, it has got to be the UK Independence Party. These people | :47:09. | :47:14. | |
are going to keep talking about it, the ball will bounce further into | :47:14. | :47:18. | |
the long grass, they will keep talking about a referendum and it | :47:18. | :47:25. | |
won't get a chance to vote? Prime Minister will set out things | :47:25. | :47:30. | |
in the autumn. Things will becoming clearer. You are asking a | :47:30. | :47:35. | |
hypothetical question. If this happens. That is what they pay me | :47:35. | :47:40. | |
for. Exactly, and I am paid to make sure I explained the full context, | :47:40. | :47:46. | |
yes, there are huge changes in Europe. Nobody knows where those | :47:46. | :47:50. | |
are leading, there may be more treaties, it could be a more | :47:50. | :47:54. | |
concentrated core of the eurozone. Of course those things that | :47:54. | :47:58. | |
powerfully to the case for the British people to decide on that | :47:58. | :48:03. | |
relationship. You have mentioned several times the General Election, | :48:03. | :48:06. | |
is this an issue the Conservatives will take to the General Election | :48:06. | :48:13. | |
with a much clearer, harder promise? We will set out our policy | :48:13. | :48:16. | |
in the General Election and before the General Election. I am not | :48:16. | :48:21. | |
going to do that now. That would require a great deal of | :48:21. | :48:25. | |
consultation. Of course, we will have a policy at the General | :48:26. | :48:30. | |
Election, the European elections on our approach to this. The Prime | :48:30. | :48:33. | |
Minister in his article is not changing our position, but is | :48:33. | :48:37. | |
pointing the way to how our thinking is developing and how | :48:37. | :48:41. | |
policy should be guided in the future. How we should think about | :48:41. | :48:47. | |
this choice about whether to have a referendum. Not an in or out | :48:47. | :48:51. | |
decision now but a determination to get a better position for the | :48:51. | :48:58. | |
United Kingdom. Not trying to pin you to become us, but do you | :48:58. | :49:00. | |
believe the British people will have a referendum on Europe within | :49:00. | :49:08. | |
the next five years? It is another way of asking the same question. I | :49:08. | :49:12. | |
have advocated referendums on a whole series, and I believe there | :49:12. | :49:18. | |
have been too few, not too many referendums. There are big changes | :49:18. | :49:24. | |
taking place. As the Conservative Party, we will set out our position | :49:24. | :49:30. | |
together. We don't answer questions on the basis of guts. I think you | :49:30. | :49:39. | |
can see from the Prime Minister how are thinking is developing. We want | :49:39. | :49:44. | |
people to have their say when there is a real choice in front of them. | :49:44. | :49:48. | |
I don't think I can be more specific now, but in itself it is | :49:48. | :49:55. | |
being quite specific. Quite specific. Let's turn to Syria. You | :49:55. | :50:01. | |
laugh just back from yet another conference on it. The talking goes | :50:01. | :50:09. | |
on. -- you are just back. The truth is, there's nothing we can do about | :50:09. | :50:16. | |
this? It is deeply frustrating. We are applying sanctions to the | :50:16. | :50:22. | |
regime, denying it revenue, we are helping to gather the international | :50:22. | :50:27. | |
coalition that can work together. It is not the case that there is | :50:27. | :50:31. | |
nothing we can do. But is it deeply frustration hundreds of people are | :50:31. | :50:36. | |
dying every week while we talk - of course it is. I spent 10 hours | :50:36. | :50:40. | |
talking to the foreign ministers of Russia, China and other countries | :50:40. | :50:46. | |
about what we can do. We made a step forward which is worth having, | :50:46. | :50:51. | |
that we agreed with Russia and China what a tremendous -- | :50:51. | :50:56. | |
transitional Government should look like. It should be made up of | :50:56. | :51:00. | |
people from the present Government, the opposition and other groups on | :51:00. | :51:04. | |
the basis of mutual consent at which would exclude President Assad | :51:04. | :51:10. | |
from that. That is a step forward, in my view on Russia's position. We | :51:10. | :51:15. | |
now have to bring this about. about this notion of giving Bashar | :51:15. | :51:23. | |
al-Assad safe passage and guarantee he can live in relative safe | :51:23. | :51:27. | |
ignominy some were away from Syria to allow the transition to happen? | :51:27. | :51:32. | |
We have not had that discussion. In my view those terrible for terrible | :51:32. | :51:38. | |
crime should answer to them. But Syria is not part of the | :51:38. | :51:41. | |
International Criminal Court. We can only refer it to the | :51:41. | :51:45. | |
International Criminal Court with the agreement of Russia and China. | :51:45. | :51:51. | |
As things stand, that could happen. There is no sign that President | :51:51. | :51:55. | |
Assad wants to take such an exit at the moment. We are some way from | :51:55. | :52:00. | |
resolving this, but we are putting great energy into it. Probably 100 | :52:00. | :52:06. | |
nations will come together in Paris next Friday, to work out how we can | :52:06. | :52:11. | |
increase pressure on the regime to stop this killing. Why are you so | :52:11. | :52:16. | |
hard line on not letting Iran to be part of this? It is a huge country | :52:16. | :52:23. | |
and very powerful. Is it because you think an Iranian influenced | :52:23. | :52:28. | |
post President Assad era would be more dangerous? We think Iran is | :52:29. | :52:34. | |
taking an active part with the regime in its killing. If it is | :52:34. | :52:39. | |
possible to have those talks, to make progress with 10 other nations | :52:39. | :52:44. | |
including Russia and China, it would have been near on impossible | :52:44. | :52:48. | |
with Iran in the same room blocking almost everything we wanted to | :52:48. | :52:53. | |
decide. The presence of Iran wouldn't help us to move forward | :52:53. | :52:58. | |
and reach any kind of international agreement. If we want to achieve | :52:58. | :53:02. | |
anything we are not able to have Iran in the same room. Foreign | :53:02. | :53:08. | |
Secretary, thanks for joining us. The Foreign Secretary, William | :53:08. | :53:13. | |
Hague, has told this programme and there will be a very powerful case | :53:13. | :53:18. | |
for a referendum on the EU. If other member states agreed a much | :53:18. | :53:22. | |
closer union. But, he said the time to decide would be when it is clear | :53:23. | :53:26. | |
how Europe will develop and have the UK's relationship with the EU | :53:26. | :53:33. | |
could be made better. The chairman of the Financial Services Authority | :53:33. | :53:36. | |
has confirmed the regulator is investigating possible interest- | :53:36. | :53:41. | |
rate fixing at other banks other than Barclay's and collusion. Lord | :53:41. | :53:44. | |
Turner said the scandal of round the libel market had been a shock | :53:44. | :53:48. | |
to the reputation of the banking industry. And the business | :53:49. | :53:52. | |
secretary has condemned what he calls the incompetent corruption | :53:52. | :53:57. | |
and greed in British banking. Vince Cable called on shareholders to get | :53:57. | :54:01. | |
a stronger grip. That's all from me for now, the | :54:01. | :54:07. | |
next news is at midday. Now look back what is coming up after the | :54:07. | :54:13. | |
programme. Greed, we are outraged by banking | :54:13. | :54:19. | |
greed, but is it a necessary evil? The German court calls for a ban on | :54:19. | :54:26. | |
male circumstances and for religious reasons. For Jews and | :54:27. | :54:31. | |
Muslims call it a direct attack on their religion. | :54:31. | :54:35. | |
And the rich get richer and the poor get poorer, what can be done | :54:35. | :54:42. | |
about it. She rose to fame at the age of 16, | :54:42. | :54:49. | |
and Mount Joss Stone is back with a sequel to her first collection. And | :54:49. | :54:58. | |
she is not got any shoes on. You have been working hard, but you | :54:58. | :55:05. | |
British fans have not been seen that much of you? I have been at | :55:05. | :55:12. | |
home walking my dogs. You have gone back to your first album, The Soul | :55:12. | :55:19. | |
Sessions. Tell us about this? first album was all covers. We are | :55:19. | :55:24. | |
doing it again, pretty much. there an endless number of great | :55:24. | :55:31. | |
songs? Exactly. This one we will sing, I think it is the most well | :55:31. | :55:36. | |
known, possibly because it is the only one I knew. The guide that | :55:36. | :55:40. | |
help me picked the songs, he picked some obscure songs I have never | :55:40. | :55:44. | |
heard before, but this one is pretty well known in this country. | :55:44. | :55:49. | |
For those who want to see you in concert, will they get a chance any | :55:49. | :55:56. | |
time soon? In September I will play my mum's Club, Mamma stone in | :55:56. | :56:01. | |
Exeter. You have kept faithful to your West Country roots? Are caused, | :56:01. | :56:11. | |
:56:11. | :56:14. | ||
yes. Thanks very much. -- of course. I am back next Sunday with guest | :56:14. | :56:20. | |
including Vince Cable and Simon Russell Beale, the actor. Thanks | :56:20. | :56:30. | |
:56:30. | :56:39. | ||
for watching and we leave you with # Whenever I hear goodbyes. | :56:39. | :56:45. | |
# Remind me baby of you. # I break down and cry. | :56:45. | :56:52. | |
# Next time I'll be true, yeah. # Fever for lost romance. | :56:52. | :57:02. | |
# Remind me baby of you. # I took a crazy chance. | :57:02. | :57:08. | |
# Next time I'll be true. # I'll be true, I'll be true. | :57:08. | :57:13. | |
# Footsteps on the dance floor. # Remind me baby of you. | :57:13. | :57:17. |