Browse content similar to 06/03/2016. Check below for episodes and series from the same categories and more!
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Our next Prime Minister - or the wilderness man? | :00:00. | :00:11. | |
This morning Boris Johnson joins the argument over Britain's future. | :00:12. | :00:33. | |
Baloney, piffle, hogwash, Project Fear - the Mayor of London | :00:34. | :00:36. | |
has been characteristically forthright about the views | :00:37. | :00:38. | |
In a little while Mr Johnson and I turn to the nitty gritty | :00:39. | :00:46. | |
of this awesomley important national choice. | :00:47. | :00:49. | |
Wolfgang Schauble says there would be a trade deal | :00:50. | :00:51. | |
But the German finance minister still thinks that to go | :00:52. | :00:57. | |
Staying with the big picture, I'll be talking | :00:58. | :01:02. | |
to Mervyn King, the legendary former Governor of the Bank of England, | :01:03. | :01:04. | |
who has a dark warning about the world economy. | :01:05. | :01:16. | |
there's an election campaign in America. | :01:17. | :01:21. | |
Our own Jon Sopel is here to review the papers, | :01:22. | :01:23. | |
and tell us all about it - along with Labour moderniser, | :01:24. | :01:26. | |
and former would-be leader, Liz Kendall. | :01:27. | :01:28. | |
But we'll leave you we promise on a harmonious, uplifting note - | :01:29. | :01:31. | |
quite a few notes actually - from Benjamin Grosvernor | :01:32. | :01:34. | |
and Hyeynoon Park, to finish the show. | :01:35. | :01:46. | |
And if that doesn't cheer you up and nothing will. | :01:47. | :01:49. | |
But first, the news, with Katherine Downes. | :01:50. | :01:52. | |
Boris Johnson has said it's "absolutely scandalous", | :01:53. | :01:55. | |
that one of the country's biggest business groups | :01:56. | :01:57. | |
suspended its director-general, for suggesting Britain | :01:58. | :01:58. | |
could have a brighter future outside the EU. | :01:59. | :02:07. | |
In an article in the Sunday Telegraph, The Mayor of London, | :02:08. | :02:10. | |
who's campaigning to leave, claimed John Longworth, | :02:11. | :02:11. | |
the head of the British Chambers of Commerce, was a victim | :02:12. | :02:14. | |
Downing Street has denied a suggestion that it put pressure | :02:15. | :02:18. | |
The BCC had said it would remain neutral in the referendum debate. | :02:19. | :02:22. | |
The leading Republican candidates, Donald Trump and Ted Cruz, | :02:23. | :02:25. | |
have each won two states in the latest stage of the race | :02:26. | :02:28. | |
Donald Trump took Lousiana and Kentucky, | :02:29. | :02:31. | |
while his rival won in Kansas and Maine. | :02:32. | :02:33. | |
Bernie Sanders stays in the Democrat race after winning | :02:34. | :02:35. | |
But Hillary Clinton strengthened her lead, | :02:36. | :02:40. | |
Senator Cruz said his victories showed he's the candidate | :02:41. | :02:45. | |
with the best chance of beating Donald Trump - | :02:46. | :02:48. | |
still the Republican front-runner - and going on to win the Presidency: | :02:49. | :02:52. | |
What we are seeing here in Idaho is really what we are seeing | :02:53. | :02:55. | |
all across the country, which is Republicans are coming | :02:56. | :02:57. | |
together, they are uniting behind our campaign. | :02:58. | :02:59. | |
The 65% of Republicans who recognise Donald | :03:00. | :03:03. | |
Trump is not the best candidate to go head with Hillary Clinton. | :03:04. | :03:06. | |
That the odds are too high, he loses, we lose | :03:07. | :03:09. | |
the Supreme Court for a generation, we lose the Bill of Rights, | :03:10. | :03:12. | |
we lose the Senate and what we are seeing is Republicans coalescing | :03:13. | :03:15. | |
Growing numbers of children who are stranded in a migrant camp | :03:16. | :03:21. | |
on the Greek-Macedonian border are suffering respiratory | :03:22. | :03:23. | |
infections, according to the aid agency Doctors Without Borders. | :03:24. | :03:26. | |
The charity says poor sanitation and adverse weather | :03:27. | :03:28. | |
At least 13,000 migrants are now believed to be stranded. | :03:29. | :03:35. | |
A Greek regional governor has called for a state of emergency to allow | :03:36. | :03:38. | |
Driverless lorries are to be trialled on UK roads | :03:39. | :03:43. | |
The Chancellor, George Osborne, is expected to announce next month | :03:44. | :03:48. | |
that tests using driverless technology will begin on the M6. | :03:49. | :03:52. | |
Several companies are currently developing self-driving cars whilst | :03:53. | :03:55. | |
these driverless lorries have already been trialled in Germany. | :03:56. | :04:01. | |
The next news on BBC 1 is at 12.15pm. | :04:02. | :04:05. | |
This is John Longworth, the head of the British chamber of, nurse, he | :04:06. | :04:29. | |
lost his job allegedly after number ten bullying, we will talk about | :04:30. | :04:33. | |
that later. The Sunday Times has a picture of Rupert Murdoch and Jerry | :04:34. | :04:36. | |
hall getting married yesterday and we will talk about that. Scary story | :04:37. | :04:44. | |
here, EU fuels terror and pastures and -- Fascism warns Michael Gove. | :04:45. | :04:54. | |
The Sunday express the EU seeks can stroll of our coast, the Spanish | :04:55. | :05:01. | |
Armada bobbing up, and a different Johnson, we will move quickly beyond | :05:02. | :05:05. | |
that. Top headhunters admit UK bosses pay absurdly high. We will | :05:06. | :05:12. | |
stick with The Observer Liz Kendall because your first story is at the | :05:13. | :05:17. | |
bottom of the front page? That is correct, dominated about our | :05:18. | :05:25. | |
membership of the EU and the story I think is very important is that Alan | :05:26. | :05:28. | |
Johnson and Chuka Umunna are issuing a call to arms amongst Labour | :05:29. | :05:33. | |
members and supporters to go out and make the passionate case were asked | :05:34. | :05:37. | |
to remain part of the EU. We have not heard a great deal from the | :05:38. | :05:41. | |
Labour Party, both buying chaps I am sure but they are not the leaders. | :05:42. | :05:49. | |
-- both buying chaps. The story has been dominated by splits in the Tory | :05:50. | :05:53. | |
party and we have to go out and make the case. This is the biggest | :05:54. | :05:57. | |
political issue we face in a generation and it will rest on | :05:58. | :06:00. | |
Labour members and supporters getting out to vote to make sure we | :06:01. | :06:04. | |
remain part of the EU. There are some on the left of the party who | :06:05. | :06:09. | |
might be provided to about our membership but it's actually about | :06:10. | :06:13. | |
jobs, growth and the politics of solidarity and we have to make the | :06:14. | :06:16. | |
case. You have been covering these things for a fair number of years, | :06:17. | :06:21. | |
the left of the Labour Party back in the 70s and 80s was very | :06:22. | :06:24. | |
anti-European and that in a way is the Jeremy Corbyn tradition. Yes. | :06:25. | :06:34. | |
Those doubts still exist. There was a period where the social chapter | :06:35. | :06:37. | |
came into Europe and labour embraced it because of workers rights and | :06:38. | :06:44. | |
suddenly the Labour Party became very European. My vantage point is | :06:45. | :06:48. | |
3000 miles away but I have been struck over the past few weeks | :06:49. | :06:51. | |
trying to watch the Labour Party, just how quiet it has felt that the | :06:52. | :06:55. | |
Labour Party have been on the whole subject, they don't seem to be | :06:56. | :06:59. | |
leading the fight at all. Without doubt we have to make the passionate | :07:00. | :07:04. | |
case, we still have one in five voters undecided, many of those are | :07:05. | :07:08. | |
women and I would like to see more women having a stronger voice in | :07:09. | :07:11. | |
this campaign because at the moment it is very male dominated. That's a | :07:12. | :07:18. | |
fair point. Terrifying front page from the Sunday Times, the EU fuels | :07:19. | :07:22. | |
terror and fascism according to Michael Gove. We have already had | :07:23. | :07:27. | |
what is being called Project Fear, we saw the way the Scottish | :07:28. | :07:30. | |
referendum was fought with a sense of being frightened and we get a | :07:31. | :07:35. | |
paragraph like this, a warning that staying in the EU would make it | :07:36. | :07:39. | |
harder to identify terrorists and keep the UK safe and accused | :07:40. | :07:44. | |
Brussels of fuelling arise in Hitler worshippers across the continent. It | :07:45. | :07:50. | |
all sounds pretty terrifying. Sounds like Project Fear is in full | :07:51. | :07:55. | |
throttle on both sides. Exactly. I wonder what people who are trying to | :07:56. | :07:59. | |
weigh up the arguments will make, will they believe it if the visions | :08:00. | :08:04. | |
are both so apocalyptic on either side, no room for nuance. It is all | :08:05. | :08:10. | |
getting a bit show tee, this business of John Longworth losing | :08:11. | :08:15. | |
his job, we don't really know, number ten denies bullying him, a | :08:16. | :08:19. | |
lot of people claim he was bullied but the British chamber of commerce | :08:20. | :08:22. | |
were obliged to fire him because they want to stay neutral but I | :08:23. | :08:26. | |
think almost every public figure is under pressure to say which side | :08:27. | :08:31. | |
they are on. Yes, and particularly in industry because that is a | :08:32. | :08:36. | |
clinching argument to say a certain number of captains of industry say | :08:37. | :08:40. | |
Britain is better off or worse off. I think it is those voices that will | :08:41. | :08:45. | |
convince people in the end, there will be a lot of heat and fury and | :08:46. | :08:50. | |
it will be the leaders of companies like Toyota and Rolls-Royce who have | :08:51. | :08:52. | |
raised real concerns about what would happen to their businesses if | :08:53. | :08:57. | |
Britain left the EU. I think the public is more likely to leave those | :08:58. | :09:02. | |
voices than politicians. If John Longworth is watching you have only | :09:03. | :09:06. | |
been suspended, not fired, that was my mistake. Let's turn to the job | :09:07. | :09:13. | |
you do everyday, George Osborne or an American story? I was going to | :09:14. | :09:19. | |
talk about the debate over whether there should be televised discussion | :09:20. | :09:24. | |
the referendum. In America we have had endless TV debates of varying | :09:25. | :09:28. | |
quality. Extraordinary screaming matches. Extraordinary screaming | :09:29. | :09:33. | |
matches, Donald Trump discussing allsorts of things aside from the | :09:34. | :09:38. | |
strength of his candidacy which we won't go into. Two principal | :09:39. | :09:44. | |
candidates, they are now known, Ted Cruz is now known as lying and Marco | :09:45. | :09:58. | |
Rubio is known as little Marco. I just wonder it you could have a fair | :09:59. | :10:02. | |
and balanced debate two days out from the referendum. Apparently the | :10:03. | :10:09. | |
pro-EU side are getting a bit queasy about the project. Everybody should | :10:10. | :10:14. | |
be able to watch the big beasts from both sides test one another. I | :10:15. | :10:19. | |
completely agree and it is one of the things which has struck me about | :10:20. | :10:24. | |
American democracy, you have it at grassroots level where politicians | :10:25. | :10:27. | |
have to campaign on a local level but you also have the expectation | :10:28. | :10:31. | |
that they will face a TV audience on a regular basis and put their | :10:32. | :10:35. | |
arguments to the test and it just seems strange we have these debates, | :10:36. | :10:39. | |
are we going to have a TV debate or not? Absolutely if it had not been | :10:40. | :10:44. | |
for Europe we would have been talking about nothing except the | :10:45. | :10:48. | |
looming budget. A big fight about pensions and George Osborne seems to | :10:49. | :10:54. | |
have had a climb-down. Yes, a story about not just the climb-down over | :10:55. | :10:59. | |
pensions but over raising social housing rents and I think if there | :11:00. | :11:05. | |
is that you turn it will be welcome but there are some long-term | :11:06. | :11:08. | |
challenges the Chancellor needs to address in the budget and I wanted | :11:09. | :11:12. | |
to pick up something here. We are tiptoeing nervously into the 21st | :11:13. | :11:16. | |
century. The Sunday Herald. We tiptoeing nervously into the 21st | :11:17. | :11:21. | |
cannot get it on paper, from Glasgow, the front page. Very | :11:22. | :11:28. | |
interesting front-page story, if you are born into a poor family you will | :11:29. | :11:32. | |
die ten years earlier than if you are born into a better off families. | :11:33. | :11:38. | |
This lack of life chances for people who are born in more disadvantaged | :11:39. | :11:42. | |
areas is a huge challenge, we will never succeed as individuals or a | :11:43. | :11:46. | |
country and everyone has a chance to get on in life and what I would like | :11:47. | :11:50. | |
to see in the budget is instead of doing an inheritance tax cut for the | :11:51. | :11:54. | |
very few at the top, I want to see that money going into the early | :11:55. | :11:58. | |
years because what happens in those years has a big impact on how will | :11:59. | :12:02. | |
you do in later life and that is the kind of budget I would like to see | :12:03. | :12:07. | |
George Osborne present. Your leader is in some trouble in the Sunday | :12:08. | :12:11. | |
Times but that is not unusual. I would like to move to the story you | :12:12. | :12:15. | |
Times but that is not unusual. I have been obsessed by, Donald Trump, | :12:16. | :12:17. | |
an amazing haircut with this picture. Yes, the child with a | :12:18. | :12:23. | |
Donald Trump comb over by the look of things. He has a pacifier in his | :12:24. | :12:28. | |
mouth and does not look very pacified by being in the arms of | :12:29. | :12:34. | |
Donald Trump. He looks deeply upset. The phenomenon is extraordinary, it | :12:35. | :12:38. | |
is real, there is enormous support for him. Among white working class, | :12:39. | :12:44. | |
among all sorts of groups, all demographics. He is a student of the | :12:45. | :12:49. | |
polls and he takes you through what he is doing in each demographic and | :12:50. | :12:55. | |
is winning in most of them. Chances are he will become the Republican | :12:56. | :12:58. | |
nominee and will be fighting in a head to head with Hillary Clinton. | :12:59. | :13:04. | |
People were saying that Marco Rubio would come through and Ted Cruz is | :13:05. | :13:08. | |
finished, and cover people seem to be wrong. Clever people have been | :13:09. | :13:15. | |
wrong thread. This is the lead story of the Washington post which will be | :13:16. | :13:17. | |
hitting the newsstands in a few hours. Talking about the victories | :13:18. | :13:26. | |
he had in Kansas overnight and it will boost his bid to become the | :13:27. | :13:29. | |
chief alternative to Donald Trump. What you will have is Ted Cruz is | :13:30. | :13:35. | |
not the establishment candidate, Ted Cruz is low that even more by the | :13:36. | :13:40. | |
Republican establishment because he is seen as ideological and | :13:41. | :13:43. | |
flinching, very much to the Christian right and has not got one | :13:44. | :13:47. | |
Republican supporting him even though, in the Senate, even though | :13:48. | :13:52. | |
he is a senator himself. They do not like him as a human being? Here's | :13:53. | :14:01. | |
hard to warm to. You have Donald Trump and I think it will be | :14:02. | :14:04. | |
difficult to stop him getting all the way to the nomination. I just | :14:05. | :14:10. | |
wanted to pick out the leader on The Observer which says we have to | :14:11. | :14:14. | |
understand the root causes of the very real anger and frustration | :14:15. | :14:20. | |
which Donald Trump is picking up on. America may be militarily strong but | :14:21. | :14:25. | |
is not dealing with issues in Syria, issues on the economy and people are | :14:26. | :14:30. | |
angry. I think this is the same argument in Europe, unless you give | :14:31. | :14:34. | |
people hope that they can have a better life and deal with these | :14:35. | :14:38. | |
issues... We will talk to Mervyn King about this later on, but we're | :14:39. | :14:42. | |
running out of time so a thought on Mother's Day. My thought on Mother's | :14:43. | :14:50. | |
Day is this piece which says, I wouldn't say forget mothers, but | :14:51. | :14:58. | |
this talks about celebrating aunties and I am very proud to be one. One | :14:59. | :15:03. | |
in five women in their 40s now are childless and I am one of those | :15:04. | :15:07. | |
women but I love my nieces. I think an aunties day would be great. | :15:08. | :15:14. | |
Finally, Ruppert Murdoch. I love looking at the Sunday newspapers, | :15:15. | :15:21. | |
two Young starlets who have just got married, we have Ruppert Murdoch and | :15:22. | :15:27. | |
Jerry hall having got married on the street yesterday. Then a glittering | :15:28. | :15:31. | |
occasion with the good and are great, some of the good and some of | :15:32. | :15:37. | |
the great. Rupert Murdoch has been a great antiestablishment figure but | :15:38. | :15:40. | |
is so part of the establishment. All the people they are. Top Michael | :15:41. | :15:50. | |
Gove. The former Justice Secretary was there. The pictures look great | :15:51. | :15:56. | |
and it does look like a very happy and joyous occasion. | :15:57. | :16:02. | |
Snow in the north, where winter is always coming. | :16:03. | :16:04. | |
Winter Fell was briefly cut off but down here in Kings Landing it's | :16:05. | :16:07. | |
I hoped to have John Snow here to bring you the weather, | :16:08. | :16:11. | |
So making do in the weather studio is Peter Gibbs. | :16:12. | :16:21. | |
Winter definitely still rules at the moment, we had a widespread frost | :16:22. | :16:30. | |
overnight. We were sent this recent picture of snow falling in | :16:31. | :16:33. | |
Stoke-on-Trent so there is still something wintry out there. The area | :16:34. | :16:38. | |
of showers producing that sleet and snow is moving its way across the | :16:39. | :16:43. | |
west Midlands. It will struggle to settle, and as you go further north | :16:44. | :16:47. | |
that is where you break out into some of the best sunshine. It will | :16:48. | :16:51. | |
look magnificent in those clear skies today. A bit more cloud from | :16:52. | :16:56. | |
Northern Ireland, patchy rain into the west. Another cold day | :16:57. | :17:01. | |
everywhere, still a bit of a chilly wind blowing in from the north. | :17:02. | :17:08. | |
Colder still overnight tonight, and with clear skies and light winds, a | :17:09. | :17:12. | |
widespread frost. Towns and cities dropping below freezing quite | :17:13. | :17:17. | |
widely, but in rural areas it will be down to minus ten potentially in | :17:18. | :17:22. | |
some of those Scottish glens. Looking ahead, Monday is a crisp | :17:23. | :17:27. | |
day, Tuesday still on the chilly side, but things are starting to | :17:28. | :17:31. | |
change, becoming more unsettled and we will be exchanging winter for | :17:32. | :17:36. | |
something more springlike by the end of the week. | :17:37. | :17:37. | |
At last! As Governor of the Bank of England, | :17:38. | :17:40. | |
Mervyn King was at the centre of events when the great crash | :17:41. | :17:44. | |
of 2008 shook this country, taking down financial institutions | :17:45. | :17:46. | |
and ruining many businesses The costs to the taxpayer were huge, | :17:47. | :17:48. | |
recovery painfully slow. But now he thinks we could be | :17:49. | :17:53. | |
on the verge of another financial disaster because, | :17:54. | :17:55. | |
frankly, we haven't learned Good morning. We were talking in the | :17:56. | :18:06. | |
paper review about general anger against the elite, is your economic | :18:07. | :18:12. | |
warning part of the reason, do you think? I think so, I think in the | :18:13. | :18:18. | |
wake of the last crisis, government and central banks did boost | :18:19. | :18:21. | |
employment and increase spending and in the short run that prevented a | :18:22. | :18:25. | |
rise in unemployment that we saw in the great depression so we avoided a | :18:26. | :18:29. | |
great depression, but since we didn't put right the fundamental | :18:30. | :18:33. | |
problems, living standards have continued to grow slowly, we have | :18:34. | :18:37. | |
seen an extremely slow recovery across the whole world and anger has | :18:38. | :18:41. | |
built up because the people who are suffering words those who felt | :18:42. | :18:46. | |
responsible for the crisis. And usual ways of trying to get out of | :18:47. | :18:51. | |
this problem of people feeling very angry, low interest rates, that has | :18:52. | :18:56. | |
been tried and tried and it has run out really. Yes, it was sensible to | :18:57. | :19:02. | |
cut interest rates but it is a temporary solution, it is a | :19:03. | :19:06. | |
painkiller if you like, and if all you do with painkillers is keep | :19:07. | :19:10. | |
taking them and not deal with the underlying symptoms, you don't get | :19:11. | :19:15. | |
better. You said in your book pities virtually certain we are facing | :19:16. | :19:18. | |
another financial crash, why is that? In the long run the banking | :19:19. | :19:23. | |
system is still potentially subject to the sort of runs we saw during | :19:24. | :19:28. | |
the crisis. No one knows when that will be but what is clear about the | :19:29. | :19:31. | |
world economy is that most countries if not every country around the | :19:32. | :19:36. | |
world could say, if only the rest of the world was growing normally we | :19:37. | :19:41. | |
would be fine, but since it isn't we aren't, so we get countries | :19:42. | :19:43. | |
competing with each other to push down interest rates. You have the | :19:44. | :19:49. | |
reputation of being a cautious man, but you say in the book that unless | :19:50. | :19:55. | |
we get reform of the financial institutions, another crash will | :19:56. | :20:00. | |
happen sooner rather than later, which will scare people watching. | :20:01. | :20:05. | |
The financial system is not safe enough, but we do have 10-20 years | :20:06. | :20:11. | |
to put into place measures that will make our banking system safer. In | :20:12. | :20:15. | |
the short term we need to be worried about the rest of the world. The | :20:16. | :20:20. | |
euro area, China, which is not growing as rapidly as it claims to | :20:21. | :20:24. | |
be, many countries around the world are now starting to compete with | :20:25. | :20:29. | |
each other rather than cooperate. So we should be worried about the | :20:30. | :20:33. | |
failure of a Chinese bank setting off the ripples we saw last time | :20:34. | :20:39. | |
round? Yes, I think one of the things people didn't appreciate | :20:40. | :20:41. | |
enough last time round and the United States doesn't appreciate | :20:42. | :20:45. | |
today is that events around the globe can affect our own economy. It | :20:46. | :20:50. | |
is very clear from the book that some of the things you want to | :20:51. | :20:54. | |
happen have been talked about for a long time, dividing ordinary banks | :20:55. | :20:58. | |
that ordinary people use to put their money into from what has been | :20:59. | :21:04. | |
called Casino banking. In the end you are talking about a lack of | :21:05. | :21:08. | |
political leadership at the top level, I wonder why you think that | :21:09. | :21:12. | |
has happened. Is it because frankly politicians have been intimidated by | :21:13. | :21:18. | |
the bankers and financial services? I don't try to split banks into | :21:19. | :21:24. | |
narrow and wide, I want them like motorists to take out insurance | :21:25. | :21:29. | |
before they go on the road. If you try to drive a faster and more | :21:30. | :21:34. | |
dangerous car, you pay a higher insurance premiums. You don't need | :21:35. | :21:38. | |
to ban people, and that flexibility is one of the key points of the | :21:39. | :21:44. | |
book. I think for politicians, it is very difficult for countries in the | :21:45. | :21:49. | |
end to work for each other. I have been to every GE 20 meeting until I | :21:50. | :21:54. | |
left the bank and most people were looking at their home constituencies | :21:55. | :21:57. | |
and domestic considerations, not facing up to the major challenges. | :21:58. | :22:02. | |
But there was a problem before the crisis and I suspect it hasn't gone | :22:03. | :22:08. | |
away, that the large financial institutions had an influence. It | :22:09. | :22:12. | |
wasn't crude in the sense of bribing people in any shape or form. I'm | :22:13. | :22:26. | |
sure there are some countries in the world where that is true, not here. | :22:27. | :22:28. | |
But first politicians depend on finance and funding, and you can see | :22:29. | :22:31. | |
that clearly in the United States how they depend on financial | :22:32. | :22:33. | |
institutions to pay for their campaigns, and hear people were | :22:34. | :22:35. | |
captured by the apparent success, everything was going well. They were | :22:36. | :22:42. | |
starry eyed. Yes, because this was a sector that was making ever bigger | :22:43. | :22:45. | |
profits, but what risks are they taking? In the book also, you are | :22:46. | :22:55. | |
very critical of the eurozone. You say it is a terrible disaster, you | :22:56. | :23:00. | |
suggest Germany might be better off leaving the euro zone but they will | :23:01. | :23:03. | |
go far deeper integration to try to make it work, and you talk about the | :23:04. | :23:08. | |
importance of national sovereignty, people having control over their | :23:09. | :23:13. | |
destinies. Reading this book, I came to the conclusion you must be in | :23:14. | :23:19. | |
favour of us leaving the EU. I don't think you can draw that conclusion. | :23:20. | :23:23. | |
It is clear we are influenced by what is going on in the euro area, | :23:24. | :23:30. | |
and I think it has been an economic if not disaster very serious | :23:31. | :23:38. | |
problem. Most divisive forces since the Second World War, you call it. | :23:39. | :23:44. | |
Germans wanted to bind Germany into Europe so the rest of Europe would | :23:45. | :23:48. | |
never again be frightened of Germany, it has had the opposite | :23:49. | :23:52. | |
effect. If you look at the attitudes towards Germany today in Greece and | :23:53. | :23:57. | |
even Italy, you see there is more concerned about Germany than ever | :23:58. | :24:01. | |
before, and this is a headache for Germany. They didn't set out to find | :24:02. | :24:07. | |
themselves in this position but the economic arithmetic has led them to | :24:08. | :24:12. | |
it. That's why in the long run the euro area is something we should be | :24:13. | :24:16. | |
concerned about. Isn't the problem, so long as we are inside the EU, we | :24:17. | :24:21. | |
are tied to the euro area very closely. Therefore, if it goes down, | :24:22. | :24:28. | |
if it gets into terrible trouble, we will be badly affected. That will be | :24:29. | :24:36. | |
true in or out, the euro area is our biggest trading partner, that will | :24:37. | :24:39. | |
carry on being the case, therefore it matters to us what goes on there. | :24:40. | :24:47. | |
I worry this will be a battle between the political will of an | :24:48. | :24:50. | |
elite that created this and stands now admit it was a mistake, and | :24:51. | :24:55. | |
economic arithmetic and we will all suffer from that. On that cheerful | :24:56. | :24:57. | |
note, thank you for joining us. Germany's Finance Minister, | :24:58. | :25:02. | |
Wolfgang Schauble, is one of Europe's most experienced | :25:03. | :25:04. | |
politicians, with a career spanning 30 years and a key ally | :25:05. | :25:06. | |
of Chancellor Merkel. So there was great interest | :25:07. | :25:09. | |
when he appeared at the British Chambers of Commerce annual | :25:10. | :25:11. | |
conference in London last week. Sitting alongside George Osborne, | :25:12. | :25:14. | |
he said Germany would cry if Britain I caught up with Dr Schauble | :25:15. | :25:16. | |
afterwards, and we began by talking about the impact of the migration | :25:17. | :25:20. | |
crisis in Europe. Had Germany been wrong | :25:21. | :25:22. | |
to open its doors and invite TRANSLATION: We have not | :25:23. | :25:25. | |
invited the refugees, Europe is confronted with | :25:26. | :25:34. | |
the situation in the Middle East, and whether we want this or not | :25:35. | :25:40. | |
we will have to take on more responsibility, and I think we can | :25:41. | :25:43. | |
do so better together. If Europe is going to avoid having | :25:44. | :25:47. | |
barbed wire between the borders and all the old borders going up | :25:48. | :25:49. | |
inside the Schengen area, then there's a feeling at the moment | :25:50. | :25:52. | |
that there has to be a much stronger, almost military | :25:53. | :25:57. | |
border around Europe. Yes, of course, we will have | :25:58. | :26:01. | |
to control effectively the external borders of the EU, | :26:02. | :26:08. | |
that's quite clear. Any community that has no border | :26:09. | :26:11. | |
controls within it has to control But this isn't the only question, | :26:12. | :26:14. | |
it is also a question of cooperation with our neighbouring countries | :26:15. | :26:18. | |
so that the number of those who want to come to Europe | :26:19. | :26:21. | |
will actually be reduced to a level The European summit on Monday | :26:22. | :26:24. | |
will of course also involve Turkey and we will discuss how, | :26:25. | :26:30. | |
together with Turkey, You mentioned Turkey just now, | :26:31. | :26:32. | |
and there's an obvious kind of deal to be done of some kind, | :26:33. | :26:41. | |
but what would you say to people in Britain, | :26:42. | :26:43. | |
for instance, who are very alarmed by the thought of 70 million Turkish | :26:44. | :26:46. | |
people joining the EU and having free movement, | :26:47. | :26:49. | |
for instance, to Britain? Well, it will be a long time before | :26:50. | :26:55. | |
we reach the end of negotiations with Turkey about accession | :26:56. | :26:59. | |
to the European Union. Actually, the German government has | :27:00. | :27:04. | |
major doubts about whether Turkey But this is a question | :27:05. | :27:09. | |
for the coming years, it is not The German people are now having | :27:10. | :27:14. | |
to absorb a large number of immigrants and pay a high price | :27:15. | :27:23. | |
to look after them properly, and at the same time the German | :27:24. | :27:26. | |
people are having to deal with a lot Do you think, as a government, | :27:27. | :27:29. | |
you have been pushing your Well, at the moment | :27:30. | :27:35. | |
we are in quite good shape, We have the lowest unemployment rate | :27:36. | :27:40. | |
since reunification, we have the highest level | :27:41. | :27:50. | |
of employment that we have ever had, we have the highest increase | :27:51. | :27:53. | |
in real wages and salaries. The refugee problem, | :27:54. | :27:56. | |
of course, needs a solution, Those that will stay permanently | :27:57. | :28:00. | |
will have to be integrated well, and once the number is reduced | :28:01. | :28:10. | |
to a more acceptable level, We've had immigrants from Italy, | :28:11. | :28:12. | |
Spain, Portugal, Turkey since the Second World War and it's | :28:13. | :28:16. | |
been successful and Can I turn to the possibility | :28:17. | :28:18. | |
of Britain leaving the EU Because one of the things that | :28:19. | :28:22. | |
people who want us to leave say is that in the end Germany wants | :28:23. | :28:27. | |
to sell German cars and washing machines and many other goods | :28:28. | :28:30. | |
to Britain, and we have many things There would be a trade deal and it | :28:31. | :28:33. | |
would be a perfectly reasonable one because it is in both sides' | :28:34. | :28:39. | |
interests to carry on trading. I believe that of course | :28:40. | :28:46. | |
we will still have trade, we also have trade with China | :28:47. | :28:49. | |
and the whole world, but there's a big difference | :28:50. | :28:52. | |
between having a common market with common rules without any | :28:53. | :28:55. | |
controls, a market that is open, Isn't it possible for the UK | :28:56. | :28:58. | |
to have the advantages of the internal market, | :28:59. | :29:05. | |
the single trading area, without paying in and without | :29:06. | :29:07. | |
accepting free movement of people? No, you are either in the single | :29:08. | :29:15. | |
market or you are not in the single market, and if you are not in it | :29:16. | :29:20. | |
then you have trade agreements. Of course there are countries | :29:21. | :29:23. | |
in Europe that are part of the single market | :29:24. | :29:26. | |
but they still have to pay into the budget of the community | :29:27. | :29:28. | |
and they have to accept the free So, naturally they have | :29:29. | :29:31. | |
all the disadvantages of the common market and they are not involved | :29:32. | :29:36. | |
in the decision-making process I cannot really see why the UK | :29:37. | :29:38. | |
would be interested in staying within the single market | :29:39. | :29:48. | |
without being able to make For people watching, | :29:49. | :29:50. | |
they might say, in the end, after all the fuss and the noise | :29:51. | :29:57. | |
and so on, there would be a perfectly acceptable trading deal | :29:58. | :30:00. | |
which would be good for Germany, good for Britain and good | :30:01. | :30:04. | |
for the other European members, you don't have to be part | :30:05. | :30:07. | |
of the EU for Germany, Britain and France to | :30:08. | :30:09. | |
trade with each other. Once again, of course there's trade | :30:10. | :30:15. | |
with all countries in the world, but whether you are within | :30:16. | :30:20. | |
the single market or not is a major difference and you can either be | :30:21. | :30:24. | |
in it or be out of it. Whether the UK wants to stay | :30:25. | :30:28. | |
in the single market will be decided in the referendum, | :30:29. | :30:31. | |
but if the decision is taken to leave, the UK will no longer be | :30:32. | :30:33. | |
in the single market unless you find a new treaty, a new contract | :30:34. | :30:37. | |
where you can be a member of the single market | :30:38. | :30:41. | |
without actually being a member of the EU, and you will still have | :30:42. | :30:43. | |
to accept the free movement of people that goes with it, | :30:44. | :30:46. | |
and you will still have to pay contributions so it | :30:47. | :30:49. | |
doesn't really make sense. And the British people | :30:50. | :30:52. | |
base their decisions What happens to the rest | :30:53. | :30:54. | |
of the EU if Britain leaves? Are you worried about a slow | :30:55. | :31:05. | |
collapse of the institution itself? I believe that Europe would be | :31:06. | :31:11. | |
weaker without the UK. The UK is a strong partner, | :31:12. | :31:15. | |
and if the UK left this would weaken Europe, and I don't think it will be | :31:16. | :31:18. | |
in the British interest either. Of course, if there was a negative | :31:19. | :31:24. | |
decision, we would not commit suicide, we would still try | :31:25. | :31:27. | |
to fight for the best. Let's say the referendum was to go | :31:28. | :31:30. | |
that way, we would have years of the most difficult negotiations, | :31:31. | :31:33. | |
which would be very difficult And for years, we would have such | :31:34. | :31:36. | |
insecurity that would be a poison to the economy in the UK, | :31:37. | :31:44. | |
the European continent, Do you think the mood in the rest | :31:45. | :31:46. | |
of the EU would be angry, would be vindictive, | :31:47. | :31:56. | |
would be vengeful, or do you think European politicians would then | :31:57. | :32:01. | |
try to do serious and sensible deals with Britain if Britain | :32:02. | :32:04. | |
voted to leave? Of course we will be sad to start | :32:05. | :32:11. | |
with, and I think most in Europe will agree with the European Union | :32:12. | :32:15. | |
that it would be to the detriment of Europe, it will be a weaker | :32:16. | :32:18. | |
Europe and this cannot be Of course then we would try, | :32:19. | :32:21. | |
and this is true of life in general, you have a setback and still you try | :32:22. | :32:30. | |
and go on, and we will But I do believe that it is better | :32:31. | :32:33. | |
to avoid such catastrophes rather than try to think how to get well | :32:34. | :32:40. | |
again after the catastrophe. Dr Schauble, thank you very much | :32:41. | :32:48. | |
indeed for coming to talk to me. The German Finance Minister, | :32:49. | :32:51. | |
Wolfgang Schauble, talking If you are wondering about the | :32:52. | :33:04. | |
wheelchair, he survived an assassination attempt in the 1980s | :33:05. | :33:05. | |
and kept going. In a moment, I'll be | :33:06. | :33:07. | |
talking to Boris Johnson, but first, a look at what's coming | :33:08. | :33:09. | |
up immediately after this programme. Join us from Cardiff where Merlin | :33:10. | :33:17. | |
will be helping us debate whether animals should be used in | :33:18. | :33:21. | |
entertainment. Then in the human world is it the mother ring or the | :33:22. | :33:24. | |
mother that matters? And would it be fair to raise the pension age? See | :33:25. | :33:28. | |
you at 10am on BBC One. fair to raise the pension age? See | :33:29. | :33:36. | |
dogs on this programme but the moment you have been waiting for, | :33:37. | :33:41. | |
Boris Johnson here to talk to me about Brexit. Good morning. | :33:42. | :33:42. | |
Boris Johnson here to talk to me pro-minister was in your seat he | :33:43. | :33:49. | |
made an appeal which fell on deaf ears, but I said let's give you a | :33:50. | :33:55. | |
chance to make your case straightforwardly so I will do the | :33:56. | :33:59. | |
same to you. Tell us why you have decided we would be better off | :34:00. | :34:04. | |
outside the EU? We have a once-in-a-lifetime opportunity which | :34:05. | :34:09. | |
will not come again to strike a new series of relationships, free trade | :34:10. | :34:12. | |
deals, with the growth economies around the world whilst maintaining, | :34:13. | :34:19. | |
as Will Gong Schauble -- as Wolfgang Schauble just said, maintaining our | :34:20. | :34:25. | |
agreements with the EU. I think staying in the European Union as it | :34:26. | :34:29. | |
evolves to an ever centralised federalist structure in the effort | :34:30. | :34:34. | |
to preserve the euro is the risky option. The best thing for us | :34:35. | :34:40. | |
because we are a great country, proud economy and pro-democracy, is | :34:41. | :34:43. | |
to take back control over our borders, over the huge sums of money | :34:44. | :34:50. | |
that we send to the European Union and to take back large amounts of | :34:51. | :34:56. | |
control over our democracy. That is what clinched it for me. I will | :34:57. | :35:01. | |
describe, if you want, the journey that led me to this conclusion. We | :35:02. | :35:07. | |
will come to that but part of that journey is I want to clean up | :35:08. | :35:12. | |
exactly what you think and want to happen now? Relatively recently you | :35:13. | :35:15. | |
were arguing that we could have a referendum, vote to leave, they | :35:16. | :35:19. | |
would be so panicked and shocked that we would get a much better deal | :35:20. | :35:23. | |
and then we could stay? I have to say that I think that is certainly | :35:24. | :35:29. | |
true that if you vote to leave all your options are good. You could | :35:30. | :35:34. | |
certainly strike a great free trade deal as has just been said with the | :35:35. | :35:40. | |
European Union. But what I don't think you can do is hope that if you | :35:41. | :35:45. | |
remain, stay in the EU for any real reform. What we were told, if you | :35:46. | :35:51. | |
remember, what we were told, the stated government policy was that we | :35:52. | :35:58. | |
should have a reformed EU, a fundamentally reformed, wholesale | :35:59. | :36:00. | |
change in Britain's relationship with the EU was promised. That has | :36:01. | :36:05. | |
obviously not been delivered. We were told at the time that Britain | :36:06. | :36:09. | |
would be perfectly safe to walk away, by the government and the | :36:10. | :36:14. | |
Prime Minister. That rhetoric has now very much been changed and I | :36:15. | :36:17. | |
think that was right, the policy was right then. We are confident about | :36:18. | :36:22. | |
the future of this country and at the moment... Those people watching | :36:23. | :36:29. | |
need to be clear, your view is that we could vote no, leave the EU and | :36:30. | :36:33. | |
there could be a second referendum coming back in on better terms? I | :36:34. | :36:40. | |
don't think that is necessary. If we voted no, that would be it, the | :36:41. | :36:44. | |
British people would have spoken and we would be out of the EU. There | :36:45. | :36:50. | |
could not be a second referendum? What do you do, you vote to leave | :36:51. | :36:55. | |
and then you have the opportunity to strike a series of free trade deals | :36:56. | :37:00. | |
around the world. Which are currently forbidden. Can I explain | :37:01. | :37:04. | |
why that is so important? Europe is not the growth area of the world at | :37:05. | :37:08. | |
the moment. If you look at the relative performance of the Eurozone | :37:09. | :37:11. | |
economies and the rest of the world it is tragic. Asked yourself, who is | :37:12. | :37:18. | |
in a better position to negotiate free-trade deals with the rest of | :37:19. | :37:24. | |
the world? The UK looking after the interests of British business and | :37:25. | :37:27. | |
industry? Or the European Commission who currently have sole | :37:28. | :37:32. | |
responsibility for negotiating those agreements? And of whom only 3.6% of | :37:33. | :37:40. | |
the officials are British. I am asked myself how to persuade you to | :37:41. | :37:46. | |
give me slightly shorter answers, because we have a lot to get | :37:47. | :37:50. | |
through. Let's assume we voted to leave, we fought for Brexit. The | :37:51. | :37:56. | |
thing which happens immediately after that is article 50 is | :37:57. | :38:01. | |
triggered and we immediately begin negotiations about leaving. You are | :38:02. | :38:07. | |
shaking your head, why? As soon as you leave the EU treaties remain in | :38:08. | :38:12. | |
force for at least two years, they are grandfathered on and you have | :38:13. | :38:14. | |
plenty of time to negotiate new free-trade arrangements. I have to | :38:15. | :38:19. | |
say that I think one of the feeblest arguments from the remainders is | :38:20. | :38:28. | |
that we are so emaciated in our diplomatic and commercial abilities | :38:29. | :38:32. | |
today that we could not negotiate free-trade our self and that we have | :38:33. | :38:35. | |
two entrusted to these brilliant officials in the European | :38:36. | :38:42. | |
Commission. I think that is absurd. But 66 different new trade deals | :38:43. | :38:47. | |
would have to be negotiated and that is for everything from shoes and | :38:48. | :38:50. | |
marmalade, it's a complicated process. This is like, the jailer | :38:51. | :38:58. | |
has accidentally left the door open and people can see the land beyond | :38:59. | :39:04. | |
and everyone is suddenly wrangling about the terrors of the world | :39:05. | :39:08. | |
outside. It would be wonderful. It would be a huge weight lifted from | :39:09. | :39:14. | |
British business. It is very sad... Someone like John Longworth who | :39:15. | :39:19. | |
shares my view and has great experience of British business and | :39:20. | :39:23. | |
industry should have paid quite a heavy price it seems from what has | :39:24. | :39:26. | |
happened today for sharing the optimistic view. You said the agents | :39:27. | :39:31. | |
of Project Fear had got him out by bullying, who did you mean? It is | :39:32. | :39:37. | |
certainly the case as far as I can tell... Did you mean the Prime | :39:38. | :39:42. | |
Minister? He has been asked to step down for expressing a passionate and | :39:43. | :39:45. | |
optimistic view of this country's chances. Perhaps for the benefit, | :39:46. | :39:52. | |
can you imagine the CBI doing the same to any of its leading figures? | :39:53. | :40:01. | |
You don't think necessarily that number ten believed or manipulated | :40:02. | :40:05. | |
this? Younger, fitter journalists than this can discover what | :40:06. | :40:11. | |
happened. Let's turn back to the sunlit uplands you were describing, | :40:12. | :40:14. | |
because you for you get to them there would be pitied of uncertainty | :40:15. | :40:27. | |
and dislocation. You use the analogy of the Nike. There are plenty of | :40:28. | :40:37. | |
people who think the cost of getting out would be virtually nil and the | :40:38. | :40:41. | |
cost of staying inward beehive. There would be an and economic shock | :40:42. | :40:50. | |
to produce downward dislocation. Gerard Lyons says very clearly that | :40:51. | :40:54. | |
Britain would be better off outside and reformed EU. Leaving the EU | :40:55. | :41:00. | |
would be an economic shock and most of these shocks depress economic | :41:01. | :41:06. | |
activity. Thus economic forecasts which focus on a couple of years | :41:07. | :41:10. | |
ahead show that leaving the EU is always worse than the alternative. | :41:11. | :41:17. | |
After that... That's not true. That is what he said! These are his own | :41:18. | :41:25. | |
words. The best future is to get out of one and reformed EU. Can I just | :41:26. | :41:30. | |
explain for the benefit of the viewers who remain faithful | :41:31. | :41:35. | |
listening to this conversation, why I think, what I think the problem | :41:36. | :41:41. | |
with the EU is. It boils down... I have given you the chance to do | :41:42. | :41:49. | |
that. Let me explain. One last time. It has become injurious to | :41:50. | :41:54. | |
government in this country. Even as Mayor of London I have encountered | :41:55. | :42:01. | |
the delay caused by the EU. Crossrail, the tunnels, the EU | :42:02. | :42:07. | |
decided, such is the Stockholm syndrome capture of officials in | :42:08. | :42:12. | |
this country, they decided to interpret the directive on | :42:13. | :42:19. | |
trans-European networks in such a way to insist Crossrail tunnels had | :42:20. | :42:23. | |
to be 50% bigger to accommodate German trains. In the unlikelihood | :42:24. | :42:30. | |
of German trains having to go through these tunnels. That would | :42:31. | :42:33. | |
have cost billions and we had to spend literally a year to fend off | :42:34. | :42:38. | |
that demand. Second it was horrific to be told that there was nothing I | :42:39. | :42:44. | |
could do, nothing the Secretary of State for an sport could do, to | :42:45. | :42:47. | |
ensure we had safer tipper trucks on the streets of London to stop | :42:48. | :42:51. | |
cyclists and vulnerable road users being crushed. The EU agreed with | :42:52. | :42:57. | |
their argument in 2015 and has put forward legislation to allow safer | :42:58. | :43:01. | |
tipper trucks. It is blocked and there is no chance to get it through | :43:02. | :43:06. | |
until 2021 or 2022 because it is currently opposed by, the commission | :43:07. | :43:12. | |
might be in favour, but it is opposed by the French and the | :43:13. | :43:16. | |
Swedish because they have truck businesses which don't want to see | :43:17. | :43:23. | |
it. What has happened... It is coming in, this is Project Fear. In | :43:24. | :43:30. | |
2011, 2012 we decided to give up type approval for vehicles to the | :43:31. | :43:33. | |
European Union. We can no longer control what type of trucks we have | :43:34. | :43:39. | |
on the streets of London. That, for me, is a very important issue of | :43:40. | :43:42. | |
political control and accountability. People feel it very | :43:43. | :43:48. | |
strongly. The third area... We need to move on, we have a lot to cover. | :43:49. | :43:54. | |
I will tell you what I will cover. This is not the Boris Johnson sure, | :43:55. | :43:58. | |
it is The Andrew Marr Show, I ask the questions. I have complete | :43:59. | :44:05. | |
sovereignty. Unlike the UK! The single market, you were always a | :44:06. | :44:09. | |
great supporter of it, you accept that if we leave the EU we must | :44:10. | :44:15. | |
leave the single market? The single market people will say what do you | :44:16. | :44:20. | |
mean by the single market, it is a huge territory now which comprises | :44:21. | :44:24. | |
the member states of the European Union. Would we be able to trade | :44:25. | :44:28. | |
freely with that territory? I think we would. But would we leave it as | :44:29. | :44:33. | |
an institution? If I am trying to sell my marmalade to Italy and the | :44:34. | :44:38. | |
Italians say your marmalade has too many PEPs purge are and we will not | :44:39. | :44:45. | |
accept it, then there are rules -- too many pips purge are. You would | :44:46. | :44:59. | |
still be able to sell your marmalade. They would be keeping it | :45:00. | :45:04. | |
out and if I am outside the single market I'm outside the rules which | :45:05. | :45:09. | |
stop discrimination. There are plenty of countries who export more | :45:10. | :45:14. | |
per capita to the EU than we do, Switzerland is not in the European | :45:15. | :45:16. | |
Union and they get around this problem. One of the interesting | :45:17. | :45:21. | |
features... Are you in favour of leaving the European market or not? | :45:22. | :45:27. | |
One of the interesting features of the last 30, 40 years is American | :45:28. | :45:33. | |
exports to the European Union, the US, have increased faster than ours. | :45:34. | :45:37. | |
They are not members of the single market. Let me explain what the | :45:38. | :45:42. | |
single market is, it is a single judicial system whereby more and | :45:43. | :45:48. | |
more power is taken away from... Individual member states and given | :45:49. | :45:49. | |
EU institutions. And Boris Johnson has said I want to | :45:50. | :46:02. | |
campaign for the single market. For free trade with the European Union. | :46:03. | :46:07. | |
That is what we need and what we will get. Let me explain why the | :46:08. | :46:11. | |
single market is evolving in the direction that I think... I would | :46:12. | :46:18. | |
like to be able to campaign for the single market. Boris Johnson, on | :46:19. | :46:23. | |
this programme. It depends how you define your terms. I'm talking about | :46:24. | :46:29. | |
the great trade zone that is the European Union, I want to be able to | :46:30. | :46:33. | |
trade freely with that zone, but I don't want to be subject to more and | :46:34. | :46:40. | |
more top-down regulation. Can I just explain what the problem is with the | :46:41. | :46:44. | |
single market, because it is a legal problem. When you vote in this | :46:45. | :46:54. | |
referendum, the status quo isn't on the ballot paper. You cannot vote | :46:55. | :46:58. | |
just to remain in the single market because the single market is | :46:59. | :47:03. | |
changing. The project now is to rescue the euro by creating an ever | :47:04. | :47:09. | |
denser series of political arrangements based around... The | :47:10. | :47:16. | |
eurozone. We are not in the eurozone. It is clear that they want | :47:17. | :47:25. | |
to harmonise property rights, social law, in all sorts of ways they will | :47:26. | :47:29. | |
impact the entire European Union, including the UK. You have changed | :47:30. | :47:39. | |
your view, you used to be in favour of the single market, I've got the | :47:40. | :47:43. | |
quotes, now you are saying we should get out of it. You are equivocating | :47:44. | :47:49. | |
on the term single market. It is not a complicated term. It is because it | :47:50. | :47:57. | |
involves a top-down system of a single judicial... An area in which | :47:58. | :48:08. | |
there is real free trade. This is BBC claptrap, it is not free trade, | :48:09. | :48:12. | |
it is trade that is governed by a series of rules that are created by | :48:13. | :48:19. | |
a single legal authority. To prevent protectionism. And protectionism has | :48:20. | :48:27. | |
massively decreased in the last 30 years, the tariffs are well down and | :48:28. | :48:30. | |
we should be able to trade freely with that area. What I object to is | :48:31. | :48:41. | |
the loss of control. This is an opportunity, a once-in-a-lifetime | :48:42. | :48:43. | |
opportunity, for the British people to take back control. I just want to | :48:44. | :48:50. | |
explain the single market. You have explained it three or four times | :48:51. | :48:55. | |
now. Just tell me, are we going to be in it or not in it, and if we are | :48:56. | :49:03. | |
not in it are going to negotiate a similar deal? We will negotiate a | :49:04. | :49:13. | |
deal that gives us access... If you look at free movement, it is very | :49:14. | :49:17. | |
interesting how that has changed over the years. When I went to live | :49:18. | :49:22. | |
on the continent, you had to go to the local town hall and present your | :49:23. | :49:27. | |
papers and show what employment you propose to do, you had to register | :49:28. | :49:34. | |
and all that kind of thing. Since Maastricht, since that treaty, since | :49:35. | :49:42. | |
Lisbon, there has been a changing concept. What we now have is | :49:43. | :49:47. | |
European citizenship, and the idea is we have created a single country. | :49:48. | :49:53. | |
That is what we are being told. I think most people in this country | :49:54. | :50:00. | |
don't believe that they share nationhood, that they are part of a | :50:01. | :50:03. | |
single country called Europe and it seems entirely reasonable to me that | :50:04. | :50:10. | |
you could have visa free travel for instance, as we have with the United | :50:11. | :50:15. | |
States, but still require people to show they have capable employment or | :50:16. | :50:19. | |
prevent people simply claiming benefits. Enough of that. You are | :50:20. | :50:26. | |
the Mayor of London and you are responsible for the city, among | :50:27. | :50:30. | |
other things. Have you ever had conversations with leading bankers | :50:31. | :50:35. | |
who said if we leave the EU we will move our headquarters to the | :50:36. | :50:42. | |
continent? No. Because that is what Goldman Sachs are saying, they are | :50:43. | :50:47. | |
saying we have no choice but to move to continental headquarters, and | :50:48. | :50:49. | |
bank after bank is saying the same thing. I don't believe that to be | :50:50. | :50:55. | |
true. We have heard the same sorts of threats time and time again. | :50:56. | :51:01. | |
London has such a massive concentration of skills and talent | :51:02. | :51:04. | |
here in this city that I don't believe... Talk to serious bankers, | :51:05. | :51:11. | |
they don't think... Michael Sherwood, CEO for Goldman Sachs, | :51:12. | :51:19. | |
said banks will not disappear from London overnight but they will over | :51:20. | :51:24. | |
time if Britain vote no. It would begin with a decline in investment | :51:25. | :51:30. | |
and hiring. This is their business, they know what they are talking | :51:31. | :51:37. | |
about. What I would say is that these are the same people who said | :51:38. | :51:43. | |
that if we didn't join the euro there would be all sorts of economic | :51:44. | :51:49. | |
disasters. They never happened. You remember Peter Mandelson, the banks, | :51:50. | :51:54. | |
they were all saying that we had to join the euro or the British economy | :51:55. | :51:58. | |
would be overwhelmed, we would be isolated, they were wrong then and | :51:59. | :52:04. | |
they are wrong now. There are people on the other side now, there are | :52:05. | :52:09. | |
people on both sides, there are people who think, as I do, there is | :52:10. | :52:14. | |
a great and glorious future for this country. What we are being asked is | :52:15. | :52:19. | |
to basically take a very pessimistic view of Britain and of our chances. | :52:20. | :52:26. | |
You could say it is pessimistic to think we couldn't stay inside the EU | :52:27. | :52:31. | |
and make it better. I think the proof of that is in the recent | :52:32. | :52:36. | |
reform process. We were promised fundamental reform, we were told we | :52:37. | :52:40. | |
would get wholesale changes. Anybody looking at the agreement we have now | :52:41. | :52:45. | |
would be in no doubt this is not fundamental reform. The next item on | :52:46. | :52:57. | |
the agenda is the creation, the turning, the further evolution of | :52:58. | :53:01. | |
the single market, what was the common market, into this super state | :53:02. | :53:05. | |
into which we would inevitably be dragged. You knew what the Prime | :53:06. | :53:12. | |
Minister was going for from the time of the Bloomberg speech, he has been | :53:13. | :53:16. | |
candid about what he was trying to do, so you knew at that point it | :53:17. | :53:21. | |
wasn't the fundamental reform you wanted and you kept quiet. He | :53:22. | :53:25. | |
briefed you again and again, you were agonising, going through this | :53:26. | :53:29. | |
process. He rolled out the red carpet for you, and then when you | :53:30. | :53:34. | |
finally decided you didn't even speak to him face-to-face, you sent | :53:35. | :53:37. | |
him a text message. Can you understand why he is livid with you? | :53:38. | :53:43. | |
I wasn't at the meeting where the deal was discussed because I'm not | :53:44. | :53:47. | |
in the Cabinet, but what is certainly the case is that in the | :53:48. | :53:51. | |
days leading up to that summit and indeed while the summit was going | :53:52. | :53:55. | |
on, there was a huge effort going on which I was involved in to try to | :53:56. | :53:59. | |
make sense of the so-called sovereignty clauses. A huge | :54:00. | :54:04. | |
intellectual effort went into creating this language by which we | :54:05. | :54:11. | |
could somehow ensure that our Supreme Court, our House of Commons, | :54:12. | :54:17. | |
could overturn judgments of the European Court of justice if we | :54:18. | :54:22. | |
felt, if Britain felt that they were in some way capricious or if they | :54:23. | :54:29. | |
were going beyond... Exceeding their powers, exactly. Finally we had some | :54:30. | :54:34. | |
language that seemed to work. I was very pleased with it. Hang on, we | :54:35. | :54:39. | |
went back to the Government lawyers and the Government lawyers blew up | :54:40. | :54:47. | |
and they said this basically avoids our obligations under the 1972 | :54:48. | :54:52. | |
European communities act, it doesn't work. That is the reality. You | :54:53. | :55:01. | |
cannot express the sovereignty of Parliament and accept the 1972 | :55:02. | :55:06. | |
European communities act. There is no way of doing both at the same | :55:07. | :55:10. | |
time. This was the moment when you decided which way you are going to | :55:11. | :55:19. | |
go, was it? We were told... Specific question. Yes. We were told there | :55:20. | :55:28. | |
would be fundamental reform, and reform is not achievable so we now | :55:29. | :55:33. | |
have a glorious opportunity. To get back to this thing about what is the | :55:34. | :55:36. | |
single market, the key thing about the single market is that it has | :55:37. | :55:41. | |
this single judicial system, and interestingly, if you look at the | :55:42. | :55:46. | |
other free trade groupings around the world, none of them are trying | :55:47. | :55:54. | |
to create this single country, this single political unit. None of them | :55:55. | :55:59. | |
have a single currency. The Prime Minister clearly thinks you are | :56:00. | :56:03. | |
doing this out of personal ambition because you want to take him out. | :56:04. | :56:08. | |
The longer we spend talking about this political stuff, the less time | :56:09. | :56:11. | |
people have to focus on the real issues. You said you have no | :56:12. | :56:17. | |
political ambitions left the other day, I find that hard to believe. | :56:18. | :56:23. | |
The greasy ball is bouncing towards you, are you really saying no? I | :56:24. | :56:28. | |
have to say, with the possible exception of Dan Hannan, I don't | :56:29. | :56:33. | |
believe there is anybody in British media or British politics who has | :56:34. | :56:38. | |
written more or said more over the last 30 years of the democratic | :56:39. | :56:42. | |
deficiencies of the European Union. For the last few years I have said | :56:43. | :56:46. | |
clearly that if we didn't get reform we should be prepared to walk away. | :56:47. | :56:50. | |
I think we now have a golden opportunity to shrug off a | :56:51. | :56:58. | |
regulatory legislative burden. As Michael Gove rightly says in his | :56:59. | :57:08. | |
interview this morning, look at the consequences... You know the Prime | :57:09. | :57:18. | |
Minister cannot carry on if he loses this, don't you? You cannot look me | :57:19. | :57:22. | |
in the eye and say David Cameron will carry on as Prime Minister... | :57:23. | :57:27. | |
To the best of my knowledge there is not a single European leader in the | :57:28. | :57:31. | |
last 20 years who has had to step down as a result of a referendum | :57:32. | :57:37. | |
whether on Europe or not. You are just trying to personalise it to | :57:38. | :57:42. | |
make it more interesting. I want to talk about the real choice. And you | :57:43. | :57:49. | |
have had plenty of time so to do. Boris Johnson, thank you very much | :57:50. | :57:50. | |
indeed. That's all we have | :57:51. | :57:52. | |
time for this morning. Andrew Neil will be here in an hour | :57:53. | :57:54. | |
with the Sunday Politics I'll be back at the same time next | :57:55. | :57:58. | |
week with - we hope - the Chancellor on the eve | :57:59. | :58:03. | |
of the Budget, plus the But for now, we leave | :58:04. | :58:06. | |
you with Benjamin Grosvenor They're about to embark on a UK | :58:07. | :58:09. | |
tour, and they're going to play | :58:10. | :58:14. |