:00:41. > :00:44.Good morning. Welcome. On the final weekend of a remarkable Olympic and
:00:45. > :00:49.Paralympic summer. Thank you, it's been emotional, says one paper this
:00:49. > :00:55.morning and it did all work. Will it change us at all, as a country?
:00:56. > :01:00.Will it give us more can-do and confidence, more opening and
:01:00. > :01:06.admiring attitudes to the disable. I think yes. But that is certainly
:01:06. > :01:14.one of the issues we will be talking about today in the paper
:01:14. > :01:18.interview with Margot James, a Conservative company, and Rebecca
:01:18. > :01:21.Front. In the world of the real coalition, there may have been 27
:01:21. > :01:25.changes to the Government in the much discussed reshuffle but the
:01:25. > :01:29.job of getting British business back on its feet, getting those
:01:29. > :01:33.jobs, is still in the hands of Vince Cable, the Business Secretary
:01:33. > :01:37.who unveils his new industrial strategy this week. Vince Cable is
:01:37. > :01:41.with us. Does he really exchange text messages with Ed Miliband? The
:01:42. > :01:48.opposition has set out its economic blueprint this week, a new plan for
:01:48. > :01:54.a highly skilled economy and a buzz word, or jar done. Pre-distribution,
:01:54. > :02:02.what does that mean. Labour's Shadow Chancellor Ed Balls is here
:02:02. > :02:08.to explain. It's one of the greatest novels ever written and
:02:08. > :02:13.now Anna Karenina has been made into a film. We talk to Jude Law
:02:13. > :02:23.about playing an older and more grizzled character.
:02:23. > :02:25.
:02:25. > :02:30.Playing for us here in the studio Newton Falkner.
:02:30. > :02:34.A busy hour. First the morning's news head lines.
:02:34. > :02:38.Good morning. It is the final day of the Paralympics, the London
:02:38. > :02:41.Games officially come to an end tonight in a closing ceremony which
:02:41. > :02:46.organisers say will have a festival feel. Great Britain is third in the
:02:46. > :02:51.medal table behind Russia and China but could clinch second place with
:02:51. > :02:57.some last minute golds. There was a suitably dramatic finale to the
:02:57. > :03:01.athletics last night. Oscar Pistorius won the last event in
:03:01. > :03:07.spectacular style. He set a new Paralympic record.
:03:07. > :03:13.The T 44, 400m provided a fitting end for the action in the athletics
:03:13. > :03:19.stadium. Oscar Pistorius was under more pressure than ever after he
:03:19. > :03:29.was beaten in the 200m final. But he made the rest of the field
:03:29. > :03:40.
:03:40. > :03:45.You can often tell a true champion by their reaction in defeat as well
:03:45. > :03:51.as victory. Ellie Simmonds showed her class after she was beaten to
:03:51. > :03:57.the gold by America's Victoria ar Len. Simmonds Finished strongly,
:03:58. > :04:01.but the shorter distance favours the American. One of Britain's most
:04:01. > :04:06.popular Paralympians will add a Silver Medal to two golds and a
:04:06. > :04:13.bronze at these Games and she will be back for more in four years'
:04:13. > :04:17.time. David stone enjoyed getting back the golden feeling. There was
:04:17. > :04:23.no stopping him winning the third Gold Medal of his career in the
:04:23. > :04:31.road race. Andy Murray has reached his fifth
:04:31. > :04:35.Grand Slam final after defeating Thomas Berdych in the semi-final.
:04:35. > :04:38.The semi-final wases is spended yesterday because of bad weather.
:04:38. > :04:42.French and British police will spend a second day searching the
:04:43. > :04:45.Surrey home of the British couple killed in the French Alps.
:04:45. > :04:51.Postmortem examinations in France have revealed that sad and I can
:04:51. > :04:54.bag al-Hilli and a woman thought to be Mr Al-Hilli's mother were each
:04:54. > :04:58.shot twice in the head in the attack on Wednesday. A French
:04:58. > :05:04.cyclist was also killed. The couple's two daughters survived the
:05:04. > :05:09.attack and remain under police guard in France.
:05:09. > :05:12.Trade unionists are gathering for the annual Trades Union Congress
:05:13. > :05:18.amid warnings more strikes are inevitable over jobs of the during
:05:18. > :05:28.the the coming week delegates will respond to how to respond to the
:05:28. > :05:29.
:05:29. > :05:33.government's continuing austerity programme. The author of the of the
:05:33. > :05:36.of The Gruffalo has said cutting library budgets is a false economy.
:05:36. > :05:41.The Secretary of State has offered to meet her to discuss the issue,
:05:41. > :05:47.but it's been stressed that libraries are funded by local
:05:47. > :05:54.authorities, not central government. That is all from me. I will be back
:05:54. > :06:00.with the headlines before 10.00. As ever to the front pages today,
:06:00. > :06:10.that terrible killing in the French Alps makes front page after front
:06:10. > :06:13.
:06:13. > :06:18.Lots of theories about what was behind the shooting but nothing
:06:18. > :06:22.concrete yet. Lots of other stories, Sunday Telegraph there, interview
:06:22. > :06:27.with Michael Fallon who has gone to the business department saying we
:06:27. > :06:33.should salute our wealth creators like Olympians and and cherish them
:06:33. > :06:39.more. The Independent on Sunday, thank you it's been emotional.
:06:39. > :06:48.There's lots of politics around as well. In the Mail on Sunday, Boris
:06:48. > :06:52.Johnson in secret talks to make sensational come back as an MP. It
:06:52. > :06:56.suggests that zpack Goldsmith is going to give up his seat in west
:06:57. > :07:01.lon and give it over to Boris. Thank you for joining us Margot
:07:01. > :07:08.James and Rebecca Front. Rebecca will probably start talking about
:07:08. > :07:16.the Olympics and Paralympics. This is the weekend when it's all over.
:07:17. > :07:22.I freely admit I was a real nay sayer about the Olympics and we
:07:22. > :07:31.were all going to be disappointed. I have been proved completely wrong.
:07:31. > :07:35.The Observer here, has a very lovely spread in which, a great
:07:35. > :07:39.photo of Mo Farah. They have talked to people about the legacy and the
:07:39. > :07:42.future. And what it all means. It is all positive and these are
:07:42. > :07:49.people right across the political divide and apolitical people as
:07:49. > :07:53.well. You have chosen a similar analysis from the Sunday Times.
:07:53. > :07:58.the whole thing comes to a close, people have a sense of wonder about
:07:59. > :08:04.the Paralympics and how that has changed at attitudes to people with
:08:04. > :08:08.disabilities and it has been so wonderful. I think as a nation, we
:08:08. > :08:15.have really gained some self- confidence. It is interesting in
:08:15. > :08:18.the political world, because you can't put a number on it or
:08:18. > :08:22.tabulate the feel-good factor, doesn't mean it is not really,
:08:22. > :08:25.really important. You can feel it in the air and the whole
:08:25. > :08:31.volunteering spirit that was behind it as well and the management of it
:08:31. > :08:35.and the fact it was all delivered on budget, on time. It's a
:08:35. > :08:41.tremendous success. One of the commentators mentions being proud
:08:41. > :08:46.to see the Union Flag on display. For a long time that has been
:08:46. > :08:50.commandeered by the far-right and people have felt uncomfortable
:08:50. > :08:56.about it and suddenly there it is and everybody is cheering. There is
:08:56. > :09:02.a real optimistic spirit. Did you like the country being called Great
:09:02. > :09:06.Britain all the time. We must talk about the awful massacre story. You
:09:06. > :09:14.have chosen a spread from the Sunday Times there. It's pretty
:09:14. > :09:18.clear how it happened. They seem to have been professional hitmen.
:09:18. > :09:22.looks that way. It is devastating, one of those nightmares nobody
:09:22. > :09:27.wants to think about. That is one of the reasons the press are
:09:27. > :09:37.focusing on the professional hitmen angle. None of us likes to think it
:09:37. > :09:39.
:09:39. > :09:42.could be a random killing. It slightly worries me the speculation,
:09:42. > :09:47.there is such a lot of speculation, all this business about the brother
:09:47. > :09:52.and financial things makes me a little uneasy because we don't know
:09:52. > :09:55.how relevant that is. You would think think that should be kept
:09:55. > :10:02.within the police investigation, rather than plastered all over the
:10:02. > :10:08.media. It always is. So tragic for those two little girls. That is all
:10:08. > :10:11.we can say. Let's move on. Lots of politics in the paper. You have
:10:11. > :10:15.chosen an interesting interview with Michael Fallon, the new
:10:15. > :10:21.minister in the business department. He gives an interview in the
:10:21. > :10:25.Telegraph. He's tackling the assault on wealth creation. I think
:10:25. > :10:28.people, because there's been so much disappointment in the banks
:10:28. > :10:32.and financial institutions, I think over the last few years there has
:10:32. > :10:37.been a a return to the politics of envy and that is what Michael
:10:37. > :10:40.Fallon as a new business minister is going to tackle head on.
:10:40. > :10:44.wants a strong Conservative voice in the department. He will be that.
:10:44. > :10:49.He will be building on work that's already being done to reduce
:10:49. > :10:54.regulation. Particularly in employment law and I have no doubt
:10:54. > :10:57.he will make his presence felt. This growth agenda is not
:10:57. > :11:01.uncontroversial, because John gummer has come out talking about
:11:01. > :11:07.there can't be any growth without it being green growth and we have
:11:07. > :11:13.to look at these restrictions in planning and the dash for gas and
:11:13. > :11:16.we have to be a bit more critical. I think we do need to be critical.
:11:17. > :11:21.The renewable agenda is important, but it is not the only thing. It
:11:21. > :11:28.does require a huge amount of expensive subsidy. If gas is going
:11:28. > :11:33.to be cheap, we can't close our eyes to it. A lot of us can't help
:11:33. > :11:38.seeing the coalition and opposition politics through the prism of the
:11:38. > :11:42.thick of it. You have the the scripts, you are looking through
:11:42. > :11:47.them and find there is a strange distorting mirror between you and
:11:47. > :11:53.the real front pages. Very often. Yes I watched the interview with
:11:53. > :11:56.Chloe smith on Newsnight and did think my goodness that could have
:11:56. > :12:00.been Nicola Murray, you can imagine being in that situation. Your
:12:01. > :12:08.character Nicola Murray is leader of the opposition. We can see a
:12:08. > :12:14.clip of you. I am sensing opposition. Earlier
:12:14. > :12:22.you were talking about getting rid of that. So I would like everybody
:12:22. > :12:30.to take the idea away and percolate. Poppies, last thing, can we make
:12:30. > :12:39.sure we have them on at all times, jackets, coats. Or bat suits.
:12:39. > :12:45.your poppies or you will be shot at dawn. I had more fun at my last
:12:45. > :12:48.mammogram. The joke that doesn't go quite right about being shot at all,
:12:48. > :12:52.and it is interesting how much of the comedy is in other people's
:12:52. > :12:58.reactions at the side of the room, rolling their eyes. Yes there are
:12:58. > :13:02.great killer lines and asides but a lot of it is that. Let's return to
:13:02. > :13:08.more real politics. I mentioned the Boris Johnson story, secret talks
:13:08. > :13:11.to make his sensational come back. It is on the front page of the
:13:11. > :13:14.Daily Mail. Which doesn't necessarily make it true. There
:13:14. > :13:18.could be crance in the fact they have talked because this is
:13:18. > :13:24.something that Zac Goldsmith feels incredibly strongly about, that is
:13:25. > :13:29.the reason he's come into politics. I think he would fall on his sword
:13:29. > :13:32.for Boris, but Boris has another four years of Mayor of London to
:13:32. > :13:37.serve. Are we saying this is a job that can be shared with being a
:13:37. > :13:42.member of parliament. I don't think so. He's made the third runway at
:13:42. > :13:46.Heathrow his great battle cry when he's criticising the coalition
:13:46. > :13:51.government. That is one of the many constituencies where he's
:13:51. > :13:59.completely critical. To go into one of the T3 critical constituencies
:13:59. > :14:09.as an MP for Boris after what he has been saying. Boris is highly
:14:09. > :14:10.
:14:10. > :14:16.provocative. Boris is somebody whose Olympic legacy seems to be
:14:16. > :14:20.assured. Let's move on to more stories. Publisher faking reviews
:14:20. > :14:29.of books. This is becoming quite a common story. It is, yes. It
:14:29. > :14:33.fascinates me. This is bun in the Sunday Times today about a chap
:14:33. > :14:39.called Trevathon, who works for pan McMillan and has been posting
:14:39. > :14:46.reviews, positive reviews of some of his less popular books. And it
:14:46. > :14:54.is called sock puppetry and it is indicative of the whole... Sock
:14:54. > :15:00.puppetry. It means hiding behind that aanyonity of the internet.
:15:00. > :15:04.There is another story today about grant Shaps changing entries on
:15:04. > :15:09.Wikipedia. It is one of those problems that you can change things
:15:09. > :15:14.and it is something the internet may be needs to address. Other big
:15:14. > :15:18.stories around. A lot of comment after these people were arrested
:15:18. > :15:23.and put in police cells for resisting burglars in their house.
:15:23. > :15:27.That is going to be a big story when MPs get back this week.
:15:27. > :15:31.got back last week and I asked a question about that very story,
:15:31. > :15:36.which is an outrage. That couple who used reasonable force to defend
:15:36. > :15:40.themselves and their property were put in custody for three days. I
:15:40. > :15:44.ask the question shouldn't more common sense be incorporated into
:15:44. > :15:54.police training for one. We need to do more to protect householders'
:15:54. > :15:55.
:15:55. > :15:59.rights to defend themselves. We've done it. Thank you both very much.
:15:59. > :16:05.The good news, we turn to the weather, was that yesterday's
:16:05. > :16:10.glorious sunshine should stay with us today. Bad news is that this
:16:10. > :16:19.brief Indian summer ends this evening.
:16:20. > :16:24.It is changing from the west today and next week looks distinctly
:16:24. > :16:26.autumnal. Very warm weather, a bit of an issue for the marathon if you
:16:26. > :16:33.are heading to watch it, but in the west already the change is under
:16:33. > :16:38.way. There is the cloud rolling in off the Atlantic. It is bringing
:16:38. > :16:42.rain to the western side of the Northern Ireland.
:16:42. > :16:45.But, for the bulk of England and Wales and eastern Scotland a good
:16:45. > :16:48.deal of dry and fine weather through the rest of today.
:16:48. > :16:51.Following the raven heavy and thundery showers for Northern
:16:52. > :16:59.Ireland. Can you see the warmth still with us in the strong
:16:59. > :17:03.September sunshine. We have also had tell tale signs of
:17:03. > :17:08.September this weekend, we have had stubborn fog, it's just about
:17:08. > :17:15.cleared now but glorious sunshine, 27 possibly up to 29 in some south-
:17:15. > :17:19.east locations. This evening, there is a small chance of a shower for
:17:19. > :17:22.the closing ceremony at the Paralympics. Tomorrow is a very
:17:22. > :17:26.different day. Wet weather in the north and further south,
:17:26. > :17:33.temperatures nowhere near as high as today's but still decent weather
:17:33. > :17:43.around. There after, once the rain comes
:17:43. > :17:45.
:17:45. > :17:49.southwards and clears it looks It's now Labour's turn to set our
:17:49. > :17:52.their agenda for a new political term. No dramatic changes in
:17:52. > :17:57.personnel but there is a new focus for the party's economic policy,
:17:57. > :18:02.something they are calling pre- distribution by seems to mean
:18:02. > :18:07.ensuring people are better paid. Is this even remotely achievable and
:18:07. > :18:12.who controls the Labour policy these days, I am joined by Ed Balls,
:18:12. > :18:17.Shadow Chancellor. Pre-distribution is finding ways to
:18:17. > :18:22.force or persuade companies to pay more than the minimum wage? It is a
:18:22. > :18:26.bigger idea than that. As Ed said last week, it is a bigger idea
:18:26. > :18:32.looking for a good name or label. I am not sure pre-distribution will
:18:32. > :18:36.do it on the doorstep. What it says is, the way government invests and
:18:36. > :18:41.manages the economy can have a really important long-term impact
:18:41. > :18:47.upon growth and wages and fairness. To give one example, people are
:18:47. > :18:50.struggling at the moment, childcare is expensive f we could invest in
:18:50. > :18:55.childcare which means people can get out to work, that improves
:18:55. > :19:00.their work chance, improves their wages. The same thing is true
:19:00. > :19:04.around educational support for staying on at school at 16. In the
:19:04. > :19:07.last Labour government we didn't do enough when there was unskilled
:19:07. > :19:13.migration to control that, but also to say through things like agency
:19:13. > :19:16.workers, to stop the over casualisation of the labour mark r
:19:16. > :19:21.market -- market. If you get the right intervention, you can make
:19:21. > :19:27.the economy stronger and fairer, grow more, but also have more wages
:19:27. > :19:32.and good jobs. Let me come back to the specific notion of making
:19:32. > :19:35.companies somehow pay more than the minimum wage. The question is, in
:19:35. > :19:40.the real world, how do you possibly do it and if you are successful,
:19:40. > :19:47.doesn't that make it harder to turn a profit and endanger companies
:19:47. > :19:50.too? The way we make companies pay more in law is the National Minimum
:19:50. > :19:56.Wage. But you are suggesting something new. We made huge
:19:56. > :20:00.progress in the last parliament by adding to the tax credits to boost
:20:00. > :20:04.earnings in work and to tackle child poverty. You are saying the
:20:04. > :20:09.money for that way of thinking is no longer there? It's got to be
:20:09. > :20:13.part of the thinking but can you do more. We have said in some places
:20:14. > :20:17.local authorities are leading the campaign to have a living wage,
:20:17. > :20:23.where voluntarily they pay more than the minimum wage. We want to
:20:23. > :20:29.challenge companies to do that. What matters is what are the wages
:20:29. > :20:33.people are being paid. That depends upon their skills. I come back to
:20:33. > :20:37.the mechanism of how you do it and what it says, if you start to talk
:20:37. > :20:45.about a a living wage, what does that say about the minimum wage,
:20:45. > :20:49.does that mean it is a starvation wage? There are lots of people on
:20:49. > :20:53.the minimum wages who are doing second earning jobs in much higher
:20:53. > :20:58.income households but people are are also struggling on wages higher
:20:58. > :21:04.than the minimum wage if they are the sole earner in the household.
:21:04. > :21:08.You have to get to the under lying wage distribution. If you have
:21:08. > :21:12.unschooled migration, which we have had in the past, pushing down with
:21:12. > :21:17.pressure, you have a lack of proper support. You are going to cut
:21:17. > :21:20.immigration, yes? Yes, we should control migration more than we did.
:21:20. > :21:25.The government is not cutting immigration, it is going up.
:21:25. > :21:30.have to find some way of persuading many companies to pay people more,
:21:31. > :21:36.but I am not clear what that way might be?. In the end taking a 20,
:21:36. > :21:41.30 year view of our society, if you carry on having lots of people
:21:41. > :21:45.without having a way to earn decent wages and if you have a economy
:21:45. > :21:49.that doesn't deliver high skilled jobs... You are not telling me how
:21:49. > :21:53.you are going to make companies do that. We are not going to do that.
:21:53. > :21:57.We have a National Minimum Wage, but we also need to say to
:21:57. > :22:01.companies, can you do more to persuade people on the living wage
:22:01. > :22:05.and also to say, a labour market which works on a short-term way,
:22:05. > :22:09.without the minimum wage being enforced, doesn't work, it is not
:22:09. > :22:13.fair. At the moment we have the government saying get rid of the
:22:13. > :22:17.gangmasters legislation, gangmasters legislation is to stop
:22:17. > :22:23.labour coming in in an exploited way to uncut decent hard-working
:22:23. > :22:33.people. Let's turn to another issue which you raised recently. Are you
:22:33. > :22:34.
:22:34. > :22:37.a convert to what has been called a manages tax -- mansion, a tax on
:22:37. > :22:41.high value properties and wealth that can't be moved around. It is
:22:41. > :22:46.one idea that Vince Cable has proposed. I say let's look at that.
:22:46. > :22:51.At the moment we have a government raising taxes on pensioners. That
:22:51. > :22:56.is perverse and unfair. Do you think, going back to something, do
:22:56. > :23:01.you think that the wealthy are paying their fair share at the
:23:01. > :23:05.moment? I don't think anybody thinks it is fair that the wealthy
:23:06. > :23:10.see their taxes cut on the top rate while pensioners and families are
:23:10. > :23:16.seeing their taxes increased which makes it harder for them to go out
:23:16. > :23:20.to work. The top rate of tax should be reversed. We should look at
:23:20. > :23:25.Vince's proposal for a wealth tax. I have been on your programme many
:23:25. > :23:31.times and it is important to say this, two two years we have debated
:23:31. > :23:38.was George Osborne's plan going to work. It's failed. Borrowing is
:23:38. > :23:43.rising because of the double dip reception. A manson tax is a long-
:23:43. > :23:50.term reform. Right now let's kick- start the economy. We have to say
:23:50. > :23:54.to George Osborne stop digging a deeper hole. Do you accept however
:23:54. > :23:57.that you are living in a new world where you are trying to kick-start
:23:58. > :24:01.the economy, but you can't do it with major injections of new money
:24:01. > :24:07.because it ain't there, partly because of all the borrowing during
:24:07. > :24:10.the Labour years. No, I have to say economically, that is a deeply
:24:10. > :24:14.incoherent make to me, when the economy is in double dip recession
:24:14. > :24:17.and borrowing under George Osbourne is rising by a quarter, compared to
:24:17. > :24:23.last year, because people are out of work and the economy is not
:24:23. > :24:28.growing. What is what happens when the economy goes out. The economy
:24:28. > :24:34.has gone down because of George Osbourne's policies. No politician
:24:34. > :24:40.has the old-fashioned kinsian levers to push money back into the
:24:40. > :24:45.economy and reflait it that way. That is not true. That is the
:24:45. > :24:50.economic incoherence of jorges Osbourne and David Cameron which
:24:50. > :24:54.Vince railed against. Business is the same. We need to kick-start the
:24:54. > :25:01.economy, cut VAT to 5%. Don't fiddle with the planning system.
:25:01. > :25:06.Cut VAT for home improvements to 5%. Cut national insurance for small
:25:06. > :25:11.firms. Let's have a temporary VAT cut. You say to me will that lead
:25:11. > :25:15.to more borrowing, I say George Osbourne has raised borrowing by a
:25:15. > :25:22.quarter because his plan has failed because of the double dip recession.
:25:22. > :25:31.We can't carry on. There would be a big fiscal boost under Labour.
:25:31. > :25:36.need it now. We need it right now. But you are not in power. We are
:25:36. > :25:40.two years from election, we could wait for two years while we have
:25:41. > :25:45.interparty or between party bickering, between the Conservative
:25:45. > :25:50.Party and coalition. That is wrong. We are doing long-term damage. What
:25:50. > :25:53.I am saying to Vince Cable and Ken Clarke, let's us come together and
:25:53. > :25:56.do what needs to be done now to secure the economy for the long-
:25:56. > :26:01.term, get the jobs and investment. It is the only way to get the
:26:01. > :26:05.deficit down. The only way. Apart from the knock-about stuff about
:26:05. > :26:11.the two Eds and whether you are more macho and you talk over your
:26:11. > :26:17.leader in meetings and all of that. Which is rubbish. Which is rubbish.
:26:17. > :26:22.You have been talking over me throughout this whole interview.
:26:22. > :26:25.Some people are worried that there is going to be a kind of mimicry of
:26:25. > :26:29.the tensions between Gordon Brown and Tony Blair in the old days,
:26:29. > :26:36.that there is something in the chemistry between the two of you
:26:36. > :26:40.that is not entirely stable. Who is worried about that. Are you worried
:26:40. > :26:46.about that. You know Ed and I very well. I am interested in the fact
:26:46. > :26:49.that Labour MPs and commentators are talking about it. As I said
:26:49. > :26:54.last Thursday, when we were at our press conference, two Eds are
:26:54. > :27:00.better than one. We are working as a really close team. We have seen
:27:00. > :27:05.the Blair Brown years and we are not going to repeat that. I am
:27:05. > :27:08.backing him 100%. This idea, that good politics is butch or macho,
:27:09. > :27:14.the Cameron view, what a load of nonsense. People depont get where
:27:14. > :27:18.they get to by shouting loudly. It is all about judgment, making the
:27:18. > :27:20.right calls. I made the right call on the economy. Ed Miliband made
:27:20. > :27:25.the right call on News International. Together it is not
:27:25. > :27:32.about macho bullying or treating women badly. We will leave that to
:27:32. > :27:35.to David Cameron. It is very interesting listening to you and Ed
:27:35. > :27:40.Milliband talking about the Liberal Democrats. You are clearly putting
:27:40. > :27:49.out some kind of feelers, not personally or directly, but texting
:27:49. > :27:52.going on, is it however the case that you couldn't could envies --
:27:52. > :27:57.couldn't envisage any relationship with the Liberal Democrats so long
:27:57. > :28:02.as Nick Clegg is in charge. No, it makes things very difficult, but
:28:02. > :28:07.put that to one side. Would you see Vince Cable as a Man U could do
:28:07. > :28:11.business with? Of course, I have to say I wish George Osbourne would
:28:11. > :28:18.see Vince Cable as a man to do business with rather than telling
:28:18. > :28:21.the newspapers he is putting his allies in to hold him back. I could
:28:21. > :28:24.work with Vince. I would like the Liberal Democrats to say right now,
:28:24. > :28:34.this coalition has failed, it's flawed and we are going to change
:28:34. > :28:36.
:28:36. > :28:39.course. I would celebrate. Do you think instincts are closer to you
:28:39. > :28:43.than the current Conservatives?. is true of many Liberal Democrats
:28:43. > :28:47.but not true of Nick Clegg, who instincts are clearly closer to
:28:47. > :28:51.David Cameron and George Osborne. But I am not somebody who is
:28:51. > :28:55.thinking to myself I want a coalition for the future. I want a
:28:55. > :28:59.Labour majority government elected in 2015. Now I want decent people
:28:59. > :29:03.who put the country first and sensible in their thinking to do
:29:03. > :29:06.the right thing and stop undermining the long-term future of
:29:06. > :29:10.our economy and businesses. Vince is one of those people. I could
:29:10. > :29:15.work with him today. And aren't butch either.
:29:16. > :29:25.He's one of our best known actors whose appearance as Oscar Wilde's
:29:25. > :29:30.lover sparked an impressive Hollywood career. Now after some
:29:30. > :29:36.tangles with the press Jude Law is back in one of the biggest movies
:29:36. > :29:42.of the autumn, Anna Karenina. I asked him if he thought the
:29:42. > :29:52.styleised take on the story was a risky one.
:29:52. > :30:01.Yes, we believed in it. We believed in it honesty, we knew the root of
:30:01. > :30:08.it was from a very clever and very specific place in Joe's vision. The
:30:08. > :30:12.idea that the aristocracy of that time was a place of performance.
:30:12. > :30:16.Everybody is watching everybody else in the theatre. Speaking in
:30:16. > :30:23.French, studying French etiquette, not knowing whether they were
:30:23. > :30:31.eastern or western. On top of that, at the heart of the book it is five
:30:31. > :30:37.people in love in different ways n love we all perform e we are either
:30:37. > :30:47.the heartbroken, the lover, and so the idea of performance was our
:30:47. > :30:49.
:30:49. > :30:53.universe. I am going to Moscow tomorrow. I will not return to this
:30:53. > :31:00.house until divorce has driven you into the street. My son will be
:31:00. > :31:05.sent to live with my eldest sister. Alexei please. Do you think you
:31:05. > :31:14.would let me have my son. You are depraved. I thank God the curse of
:31:14. > :31:18.love is lifted from me. You are the kuck old, you are Karenin, this is
:31:18. > :31:25.unfamiliar territory in terms of the characters you are familiar
:31:25. > :31:31.with, you have played the young blades in the past. Now here you
:31:31. > :31:36.are, as this rather haggard, tortured older man. How do you
:31:36. > :31:42.react when they say you are going to have to lose the hair line, salt
:31:42. > :31:50.and pepper in the beard, do you think oh know this is how it starts.
:31:50. > :31:57.The beginning of the end! No. I was very excited because it felt like
:31:57. > :32:04.new territory. I was challenged. It felt like textures and colours I
:32:04. > :32:08.hadn't necessarily explored before. I I was thinking last night, apart
:32:08. > :32:13.from a play I did several years ago, it's possibly the only person I
:32:13. > :32:20.have ever played with such devout faith. There were many elements to
:32:20. > :32:24.him that were new and I really enjoy, to me that is one of the
:32:24. > :32:28.great things about my job, the opportunity of changing tack,
:32:28. > :32:32.changing direction and surprising myself and hopefully surprising
:32:32. > :32:38.audiences. Later on this month there's going to be a concert which
:32:38. > :32:44.you are helping to produce, because you do a lot, lots of these pans do
:32:44. > :32:48.lots of work for charity but you do more than most and you have a
:32:48. > :32:58.particular long standing connection with this? Yes, it's been about six
:32:58. > :33:02.
:33:02. > :33:07.or seven years. This year is global focus 2012, peace day this year is
:33:07. > :33:15.a huge concert celebrating that. Elton John is playing. Really, the
:33:15. > :33:20.concerts are a celebration of the day. There are wonderful education
:33:20. > :33:25.campaigns which ask children what peace means to them. It is a very
:33:25. > :33:32.simple notion. It is a day to stop and think about what peace means to
:33:32. > :33:36.us. In other areas of the world how peace can bring life-saving
:33:36. > :33:42.activities and repatriation. I must ask you about the - we are waiting
:33:42. > :33:46.for the results of the Leveson Inquiry. You had the biggest payout
:33:46. > :33:52.from the people who were hacked. What was done to you appeared to be
:33:52. > :33:57.about as bad as it got. For those people who say well, come on,
:33:57. > :34:04.celebrities should be able to put up with this. Tell us what it felt
:34:04. > :34:09.like to you as an individual? find it really hard talk being this
:34:09. > :34:16.stuff, only because I hear myself, like you rightly said, you can't
:34:16. > :34:23.help but sound like someone harking on about how hard it is to live in
:34:23. > :34:32.the spotlight. But... Well, I have learnt is that I was basically
:34:32. > :34:39.under surveillance for about three years, which meant I was being
:34:39. > :34:45.hacked, both through my phone and through my computer, I was being
:34:45. > :34:52.followed, and it leads you to a place of really, really
:34:52. > :34:58.uncomfortable paranoia. You don't know who is telling who what?
:34:58. > :35:01.but you are aware of information getting out and just enough spu
:35:01. > :35:10.civic -- specific for you to feel they had an inroad, so you couldn't
:35:10. > :35:15.help to look at those around you who know that information. And you
:35:16. > :35:20.are, you feel you are living your life in some sort of people soap
:35:20. > :35:28.opera. But it poisoned close relationships around you because of
:35:28. > :35:34.the paranoia? It did. Fortunately, no relationship was necessarily
:35:34. > :35:40.severed and fingers were pointed but it put you into a place of
:35:40. > :35:46.paranoia discomfort. People say Hollywood, famous films, famous
:35:46. > :35:49.actors have always been, people have been obsessed by them, back to
:35:49. > :35:53.the 1920ings, the newspapers were always invading private lives of
:35:53. > :35:56.people who were famous through Hollywood. It is just part of the
:35:56. > :36:06.deal, you should accept it when you sign up. What do you say to those
:36:06. > :36:11.
:36:11. > :36:16.people? I have no interest in other people's private lives and I feel
:36:16. > :36:23.like my, I perform and happy to talk about my work, but to me that
:36:23. > :36:26.is where it ends. If people don't think that is where it ends, then I
:36:26. > :36:33.know there are others who are happy to invite you into their private
:36:33. > :36:38.life, I choose to say no. The fact I don't welcome you into my private
:36:38. > :36:42.life should be enough. No means no, as it were. Given this whole
:36:42. > :36:46.eruption has been the biggest thing that's happened to the British
:36:46. > :36:52.media for a long time, what would you like to see happen as a result
:36:52. > :36:54.of the Leveson Inquiry? I hope, I want it to get better. I am a
:36:54. > :36:59.believer, I recognise the importance of the freedom of the
:36:59. > :37:03.press. It is something we should uphold and it is something we
:37:03. > :37:07.should support. It is an important part of a democratic society. At
:37:07. > :37:12.the same time, surely let's come to an end with the obsession with
:37:12. > :37:18.gossip. I don't know how you structure that. But it just to me
:37:18. > :37:23.it's time that we all lifted our head out of the gutter. Jude raw,
:37:23. > :37:30.thank you very much. If there's one politician who is
:37:30. > :37:35.scarcely out of the news it has to be my next guest, Vince Cable.
:37:35. > :37:39.Allies are talking him up as a replacement to the Lib Dem leader.
:37:39. > :37:43.Dealing with the reshuffle that's seen heavyweight Tories moved into
:37:43. > :37:46.his department. Not much time to practise the ballroom dancing for
:37:46. > :37:51.which he has an impressive reputation.
:37:51. > :37:55.In a famously leaked letter you sent to the Prime Minister back in
:37:55. > :37:59.February, I have it here, you say you make the strong point that
:37:59. > :38:03.there's still something important missing, a compelling vision of
:38:03. > :38:07.where the country is heading and a clear and confident message about
:38:07. > :38:11.how we will earn our living in the future. Is that what you are
:38:11. > :38:14.seeking to provide this week in your new industrial strategy?.
:38:14. > :38:17.much so, alongside the other announcements that have been made
:38:17. > :38:22.by my colleagues. We have had housing and planninging. Tomorrow I
:38:22. > :38:26.will be announcing initiatives on deregulation, getting rid of red
:38:26. > :38:30.tape. Tuesday, setting out very clearically what we mean by an
:38:30. > :38:35.industrial strategy. That is the point here, that there are key
:38:35. > :38:40.industries, cars, air space, life science, some key services sector,
:38:40. > :38:43.where we need to think long-term. That is beyond any one parliament,
:38:43. > :38:50.any one government. You need partnership between government and
:38:51. > :38:54.private sector. What kind of things does thinking long-term mean,
:38:54. > :38:58.because presumably you are not going back to picking winners in
:38:58. > :39:02.the 1970s way and you are not going back to direct attempts to the
:39:02. > :39:07.government to be involved in industry. What does it mean?
:39:07. > :39:10.are right, we are not trying to direct and we are not trying to
:39:10. > :39:13.prop up companies which are affected by changing technology and
:39:13. > :39:17.markets. If you look at the experience of markets like
:39:17. > :39:22.countries like Germany, Finland and you the United States. They do
:39:22. > :39:25.recognise that you need long-term planning and we need collaboration
:39:25. > :39:29.within the public and private sector. On key areas like
:39:29. > :39:35.technology, one of the things this government has done is set up this
:39:35. > :39:40.change of innovation centre in areas like manufacturing and life
:39:40. > :39:44.sciences and we need to work with the industries involved over the
:39:44. > :39:48.long-term. They are trying to build up their supply chains in the UK,
:39:48. > :39:52.bringing them back. We lost lost a lot of industry overseas. We are
:39:52. > :39:58.trying to bring them back. Things like skills zo., if we are going to
:39:58. > :40:02.get this country back on to long- term, we need engineers, apprentice
:40:02. > :40:07.craftsmen, this has to be planned. Do you think we have been naive in
:40:07. > :40:11.the past therefore? Yes, I think so. There was a belief that all you
:40:11. > :40:14.need to do is let things happen and they don't. Most other countries
:40:14. > :40:19.accept that government and business has got to work together. Why has
:40:19. > :40:25.it taken two years to get to this point? I think it mixture of things.
:40:25. > :40:31.We now realise we landed ourselves three or our years ago in the most
:40:31. > :40:36.terrible crisis, a collapse of the banking sector. Debt, it wasn't
:40:36. > :40:41.just a one aufb problem. There was a deep-rooted problem. One of the
:40:41. > :40:44.underlining symptoms we allowed our manufacturing sector to decline by
:40:44. > :40:47.far too much. Bringing it back, you can't wish these things out of the
:40:47. > :40:52.sky, it is a long-term process. have more Conservative ministers in
:40:52. > :40:56.your department now, including Michael Fallon. In the interview he
:40:56. > :41:01.says he's going to have a new bonfire of regulations. Is that
:41:01. > :41:04.something you would like to see. Mishingel Fallon -- Michael Fallon
:41:04. > :41:09.is a very able politician. I am sure I will work very well with him,
:41:09. > :41:13.as I do with the other Conservative ministers in my dempt. We are
:41:13. > :41:17.scrapping regulation. We have a one in one out system. He wants to go
:41:17. > :41:22.further than that? I do too. I think there is far too much red
:41:22. > :41:28.tape. If you take two areas, there is enormous amount of red tape
:41:28. > :41:33.around the whole immigration system, permits for workers, visas for
:41:33. > :41:40.people from China, students. There is a lot of tax complexity. If I am
:41:40. > :41:45.allowed to wheeled my axe in those areas, I will do so. Bonfire of
:41:45. > :41:51.regulations you would be happy with that? Yes, in a considered way. A
:41:51. > :41:54.lot of regulations are necessary for the environment, for work and
:41:54. > :41:58.protection, that has to be balanced against the cost to business. We
:41:58. > :42:04.will burn a lot of regulation, but in a a rational way. What about
:42:04. > :42:10.making it easier to fire people? There are already reforms which I
:42:10. > :42:13.have introduced to the tribunal system that get rid of a lot of
:42:13. > :42:23.bureaucracy around labour disputes. But I have set myself firmly
:42:23. > :42:27.against a hire and fire system. It isn't necessary. There was one
:42:27. > :42:37.specific dispose app we sought the business view of business on, there
:42:37. > :42:41.
:42:41. > :42:46.was little support for it. We have highly competitive labour markets,
:42:46. > :42:49.despite the stagnation over the last few years, we have created
:42:49. > :42:54.900,000 private sector jobs. This can't happen unless you have
:42:54. > :42:58.flexible labour markets. Michael Fallon makes it clear he is in
:42:58. > :43:03.favour of this no fault dismissal system. He doesn't say that. I can
:43:03. > :43:10.give you a quote which makes it clear that is what he is in favour
:43:10. > :43:15.of. He says he wants to make it easier for people "Employment
:43:15. > :43:18.easier, simplify the process of employing people, it will make it
:43:18. > :43:27.easier where relationships break down, easier for the relationship
:43:27. > :43:33.to end ". We are introducing a system of settlement agreements.
:43:34. > :43:36.That does help business to end those relationships. But on a more
:43:36. > :43:39.consensual basis. It is very important that we do these things
:43:39. > :43:47.in a way that doesn't massively undermine people's sense of
:43:47. > :43:52.security. There is job insecurity. We don't want to add to it.
:43:52. > :43:58.proposals come forward to make it easier to fire people, which you
:43:58. > :44:02.think will increase the general sense of worry, instability in the
:44:02. > :44:09.labour market, you will make sure that doesn't happen. Of course, and
:44:09. > :44:15.I am responsible for the policy. Michael is a very good minister, I
:44:15. > :44:20.have given him substantial responsibilities. You don't feel
:44:20. > :44:23.slightly uneasy yourself in terms of the number of Conservatives of
:44:23. > :44:26.strong views who have arrived in your department and sitting around
:44:26. > :44:30.you? No, I like working with intelligent people with strong
:44:30. > :44:34.views t makes politics more interesting. I have David Willetts
:44:34. > :44:40.who is in my department, very, very able and and likable Conservative.
:44:40. > :44:44.We work well together. I nose I will with the new team. I have a
:44:44. > :44:47.very good Lib Dem minister, very able young woman and we will have a
:44:47. > :44:55.good relationship. People are unclear about exactly what is going
:44:55. > :45:01.to happen in the green belt with the planning regulations and so on.
:45:01. > :45:04.Give us your sense of the scale of what is going to change, including
:45:04. > :45:09.the green belt land. Several proposals in respect of planning
:45:09. > :45:13.and housing. The most important in my view was the proposal to use the
:45:13. > :45:18.Government balance sheet, to provide 10 billion of guarantees
:45:18. > :45:22.for social housing associations, to build affordable homes, often in
:45:22. > :45:25.partnership with the private sector. In addition, there are changes to
:45:25. > :45:29.planning rules, but planning is a very, very complex mechanism. You
:45:29. > :45:33.are dealing with a balance all the time and the Government's reform
:45:33. > :45:37.planning made it simpler, this will take it one step further. We are
:45:37. > :45:41.not throwing out the whole system of planning controls, because you
:45:41. > :45:46.do need... You are going to preserve the most beautiful parts
:45:46. > :45:49.of the countryside, that is going to carry on. But there has to be
:45:49. > :45:55.intelligent flexibility. If you are in Cambridge that wants to expand
:45:55. > :46:01.and it is held back by unnecessary regulation, the local council wants
:46:01. > :46:04.to overcome, then we want to make it easier for them. What about the
:46:04. > :46:09.environmental agenda which we heard so much of from your party, again
:46:09. > :46:14.and again and from David Cameron, before the election. Has that
:46:14. > :46:18.become a casualty of the economic crisis? No, it mustn't. When I
:46:18. > :46:21.started talking in this conversation thinking about the
:46:21. > :46:25.long-term, environmental policy is fundamental to that. This
:46:25. > :46:28.government has achieved a lot already. I spent yesterday talking
:46:28. > :46:33.to people involved in environmentally friendly vehicles,
:46:33. > :46:40.the government has put a lot of money into this and big revolution
:46:40. > :46:42.has taken place, I am running the green investment bank. They mustn't
:46:42. > :46:46.be undermined. We will make sure within the coalition we absolutely
:46:46. > :46:49.stick to this commitment about the greenest government ever. Lots of
:46:49. > :46:53.people it isn't so much planning that is the problem, it is getting
:46:53. > :46:57.money out of the banks and businesses still can't get the
:46:57. > :47:02.banks to hand over loans. There is going to be a new government
:47:02. > :47:07.business bank, but the Financial Times said it was more like a call
:47:07. > :47:12.centre. No new money, no new lending overall. Is it really a big
:47:12. > :47:16.enough idea given the scale of the problem? It's only part of the
:47:16. > :47:19.solution to what is a massive problem. It certainly is a lot more
:47:19. > :47:22.ambitious than you have described it. The problem is we had a
:47:22. > :47:26.complete collapse of the banking system, some of the biggest bank in
:47:26. > :47:30.the world which have gone down. Dealing with that involves better
:47:30. > :47:34.regulation, involves splitting the banks which is what we are doing,
:47:34. > :47:38.separating out the casinoes from the retail banks, support for new
:47:38. > :47:44.lending. It is certainly true that the banks have retreated. They were
:47:44. > :47:48.wreckless, some of them and now they are ultra-conservative. We
:47:48. > :47:53.have provided guarantees, we have the new funding for lending scheme.
:47:53. > :47:59.You must be frustrated at the results. I am very frustrated when
:47:59. > :48:05.I meet groups of business people, they tell me about the horrendous
:48:05. > :48:09.state of the banks. Are the wealthy paying their fair share at the
:48:09. > :48:14.moment?. I think wealthy people could contribute more. I think
:48:14. > :48:19.there is massive wealth inequality in the country. I do believe
:48:19. > :48:24.entrepreneurs should be properly supported and we have introduced
:48:24. > :48:29.things like entrepreneur's relieve to CGT. We need effective wealth
:48:29. > :48:34.taxation. I was delight today hear that Ed Balls has eventually signed
:48:34. > :48:40.up to that. A welcome converse. gather you text with the Labour
:48:41. > :48:46.leader Ed Miliband s that the kind of thing you talk about? Very owe
:48:46. > :48:50.occasionallely I have met and talked with him. It's grown up
:48:50. > :48:52.politics. I don't know why people get so excited about it. Your
:48:52. > :48:55.connections with people in the Labour Party remain there. They
:48:55. > :48:59.have said again and again they couldn't work with Nick Clegg. Do
:48:59. > :49:03.you see yourself potentially as the Liberal Democrat leader who could
:49:03. > :49:07.work with the Labour Party? I am not different in any way from Nick
:49:07. > :49:10.Clegg, I am happily part of his team and that is not changing. I am
:49:10. > :49:15.part of the coalition government, commit today working in it, nothing
:49:15. > :49:17.changes, but I do have perfectly business like amicable
:49:17. > :49:20.relationships with members of the Labour Party and other parties. I
:49:20. > :49:25.see no problem in that, that is sensible. I continue to operate
:49:25. > :49:28.that way. Perfectly business like and sensible ambitions one day
:49:28. > :49:33.perhaps to lead your party, you have said the days when every every
:49:33. > :49:36.had to be younger and younger as leaders have gone. I have no
:49:36. > :49:39.ambitions of that. I have been leader of the party for a short
:49:39. > :49:43.time, I have been there and done that and I am getting on with my
:49:43. > :49:47.job in government. I am happily working with Nick Clegg, that is
:49:47. > :49:53.not an issue. Overall the business position remains very bleak and
:49:53. > :49:57.difficult in this country. Is the scale of what you are going to be
:49:57. > :50:01.announcing this week big enough, because there are a lot of
:50:01. > :50:07.criticism, that you are so constrained fiscally, so little you
:50:07. > :50:13.can do, aren't you obliged as it were to go much further in the
:50:13. > :50:18.deregulation bonfire of regulations and so on area than you are perhaps
:50:18. > :50:24.would be attracted to as a Liberal Democrat because of the scale of
:50:24. > :50:29.the problem, everything has to be chucked at it. I have said I will
:50:29. > :50:32.happily deregulate where we need deregulation and where red tape is
:50:32. > :50:36.a problem, but that doesn't solve the underlying problem of growth.
:50:36. > :50:42.The problem of growth is we have a serious shortage of demand. It is
:50:42. > :50:47.nothing to do with the supply side, it is a demand issue. We have
:50:47. > :50:52.genuine difficulties in the traditional ways of demand
:50:52. > :50:56.reflation because of the fiscal position. I argued in opposition
:50:56. > :51:01.that we have to have a business like plan for reducing it. We have
:51:01. > :51:04.to look at other ways of supporting the economy. The government is
:51:04. > :51:09.using guarantees, the Bank of England does much of the heavy
:51:09. > :51:12.lifting and the Chancellor has been intelligently flexible in the way...
:51:12. > :51:17.Ed Balls was criticising him for the fact there is more borrowing,
:51:17. > :51:21.that is surely a sensible way to deal with the slowdown. One local
:51:21. > :51:26.question, given where your constituency is, in the west of
:51:26. > :51:32.London, like Zac Goldsmith, you are against the third oneway at
:51:32. > :51:38.Heathrow. This is building up into a massive political issue. Would
:51:38. > :51:42.you relish seeing Boris Johnson as your new neighbouring MP, fighting
:51:42. > :51:47.alongside you shoulder to shoulder and is this a resignation sized
:51:47. > :51:53.issue for you? I think he's just been elected Mayor of London for
:51:53. > :51:58.the next four years. Dealing with the issue, this isn't a parochial
:51:58. > :52:02.local problem, there are two million people affected by this.
:52:02. > :52:10.There is a clear coalition commitment not to expand Heathrow.
:52:10. > :52:14.There is a very formidable coalition against it, my party is
:52:14. > :52:17.opposed. The Labour Party seems to be moving against it. It's not
:52:17. > :52:23.going to happen. The value of this commission that the Prime Minister
:52:23. > :52:26.has been talking about is looking at alternatives.
:52:26. > :52:30.Now the headlines. The business secretary Vince Cable
:52:30. > :52:35.has been talking about the Government's proposals for reviving
:52:35. > :52:38.the economy. Including a new industrial strategy to be unveiled
:52:38. > :52:42.this week. He said he was in favour of further deregulation providing
:52:42. > :52:46.it didn't undermine people's sense of security. The Shadow Chancellor
:52:46. > :52:49.said Mr Cable should be listened to and confirmed that Labour could do
:52:49. > :52:55.business with him. He said he wanted politicians of all parties
:52:55. > :52:59.to work together to do the right thing for the economy.
:52:59. > :53:03.As the Paralympic Games draws to an end the British team goes into the
:53:03. > :53:07.final day in third place on the medal table. Last night all eyes
:53:07. > :53:14.were on the South Africa Oscar Pistorius who claimed gold in the
:53:14. > :53:19.last event to be held in the Olympic Stadium. He set a new
:53:19. > :53:24.Paralympic record. That is all from me. The next news
:53:24. > :53:31.on BBC One is at midday. Let's look at what is coming up after this
:53:31. > :53:35.show. On Sunday morning live, science
:53:35. > :53:45.versus religion. Should we have the right to use any
:53:45. > :53:50.force to protect our property. Join us at 10.00.
:53:51. > :53:55.Vince Cable is still with us, Ed Balls is back and we have the
:53:55. > :53:57.singer/songwriter Newton Falkner. You are known particularly for
:53:57. > :54:03.hitting your guitar and doing strange things with it. Tell us
:54:03. > :54:07.about how that started. I think it started with just experimentation
:54:07. > :54:11.and then I think there was a week when I thought I had invented a
:54:11. > :54:15.whole new style of playing but then I was shot down in flames by one of
:54:15. > :54:22.my best who said have you heard this guy. He wasn't only doing what
:54:22. > :54:28.I thought I invented, he was doing it better! That was a minor setback.
:54:28. > :54:33.Your new album is called Rebuilt By Humans. No that was the previous
:54:33. > :54:40.one. That was a reference to a really bad accident. I fell over
:54:40. > :54:46.badly, you can still see the scars, I fell on ice, really bad story. If
:54:46. > :54:56.it was a good story it would be amazing amazing, but I slipped over
:54:56. > :54:58.
:54:58. > :55:03.on ice. We are going to hear from you in a second. Two gentlemen,
:55:03. > :55:08.there is a chemistry, I can see a little bit of a warm love-in going
:55:08. > :55:16.on here. I have chemistry with lots of people in public life. That is
:55:16. > :55:22.being grown up. I am happy to talk to Ed, and I talk to my colleagues
:55:22. > :55:28.in Conservative government in the same way. We are not texting.
:55:28. > :55:35.have to text, I don't do too much of it. Do you think you are in your
:55:35. > :55:40.basic instincts quite similar, both essentially men of the left? I have
:55:40. > :55:44.always been somebody on the centre left, in the sense I do believe in
:55:44. > :55:48.fairness and even distribution but I also believe in having a
:55:48. > :55:56.successful business sector, a market economy. Those two things
:55:56. > :56:00.have to be married together. Sounds right to me. Do you think you are
:56:00. > :56:07.going to have Mr Clegg as leader of the Liberal Democrats at the next
:56:07. > :56:10.election. Of course he will. It is easier for me, I would be very
:56:10. > :56:14.surprised if Nick Clegg fights the next election for the Liberal
:56:14. > :56:17.Democrats. I don't think it is in the Liberal Democrats or national
:56:17. > :56:22.interest. That is a matter for Vince, not me. We want what is best
:56:22. > :56:28.for the country. Vince always makes the argument about what is right
:56:28. > :56:35.for Britain. Flattery doesn't deal with the issue. We have a very good
:56:35. > :56:41.Deputy Prime Minister. I am happy working with Nick. Would he say
:56:41. > :56:46.centre left? I am sure he would. Thank you very much. That is all we
:56:46. > :56:54.have time for this week. I am back at 8.30 next Sunday, my guests will
:56:54. > :57:04.including Harry Weinstein. Now I leave you with the voice and guitar
:57:04. > :57:11.
:57:11. > :57:15.# Take everything you know and write it on your skin and you can
:57:15. > :57:19.carry on and forget everything # Take everything you know and put
:57:19. > :57:26.it in your car # You can drive away, drive away so
:57:26. > :57:30.# Drive into a lake and take off all your clothes
:57:30. > :57:35.# Set your clothes on fire # You have all you know written on
:57:35. > :57:45.your skin so you can carry on and forget everything
:57:45. > :58:05.
:58:05. > :58:09.# All the things I'd rather be # Everything you know and write it
:58:09. > :58:12.on your skin # You can carry on and forget
:58:12. > :58:16.everything # Take everything you own and put
:58:16. > :58:21.it in your car # You can drive away, drive away so
:58:21. > :58:24.# Drive into a lake and take off all your clothes
:58:24. > :58:28.# Set your clothes on fire and now you are alone
:58:28. > :58:34.# But you've got all you know written on your skin
:58:34. > :58:44.# So you can carry on and forget everything
:58:44. > :58:51.