Browse content similar to 03/04/2016. Check below for episodes and series from the same categories and more!
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This was a country which led the world in an industrial | :00:00. | :00:08. | |
Within weeks we could be out of both - almost completely. | :00:09. | :00:15. | |
The cost of protecting British steel looks horrendous. | :00:16. | :00:17. | |
The cost of doing nothing looks even worse. | :00:18. | :00:36. | |
The man at the centre of the storm - now back from Australia - | :00:37. | :00:40. | |
the Business Secretary, Sajid Javid, is with me. | :00:41. | :00:44. | |
Have he and his colleagues been naive about the realities of world | :00:45. | :00:47. | |
Labour's John McDonnell says it's simple - | :00:48. | :00:54. | |
But how much would that cost the rest of us, | :00:55. | :00:57. | |
So it's quite refreshing that for once in our papers review, | :00:58. | :01:05. | |
we're going to be talking about heavy industry. | :01:06. | :01:09. | |
Paul Mason, a long-time TV economics correspondent much admired | :01:10. | :01:13. | |
Allison Pearson, Daily Telegraph columnist, novelist and South | :01:14. | :01:18. | |
And Stephanie Flanders, once of this parish, | :01:19. | :01:22. | |
And from steel to Irons - Jeremy Irons has been telling me why | :01:23. | :01:28. | |
he'd buy a ticket to watch the new Batman versus | :01:29. | :01:32. | |
I might go and see this one because I am in it. | :01:33. | :01:43. | |
And we've got not one but two world class pianists playing Faure | :01:44. | :01:45. | |
as you may not have heard him before. | :01:46. | :01:57. | |
New allegations have emerged of doping at the top levels | :01:58. | :02:06. | |
An undercover investigation by the Sunday Times newspaper has | :02:07. | :02:11. | |
filmed a private doctor claiming to have provided hundreds of sports | :02:12. | :02:14. | |
stars with performance enhancing drugs. | :02:15. | :02:17. | |
The Government has ordered an inquiry into the way the UK | :02:18. | :02:19. | |
Anti-Doping Agency has handled the claims after they were | :02:20. | :02:23. | |
approached by a whistle blower two years ago. | :02:24. | :02:26. | |
The Sunday Times says it sent an aspiring Olympic runner to film | :02:27. | :02:37. | |
He claimed he had helped more than 150 elite sports people | :02:38. | :02:40. | |
from the worlds of boxing, cricket, tennis, cycling and football. | :02:41. | :02:50. | |
I have never met a clean athlete, ever. | :02:51. | :02:55. | |
The doctor apparently prescribed performance enhancing drugs. | :02:56. | :02:57. | |
The growth hormone has to be injected. | :02:58. | :02:58. | |
Dr Bonar has subsequently denied any wrongdoing, | :02:59. | :03:00. | |
saying he only treats the medical problems of sports people. | :03:01. | :03:04. | |
Obviously some of these treatments I use are banned | :03:05. | :03:06. | |
Having said that, I've worked with lots of professional athletes | :03:07. | :03:19. | |
The UK Anti-Doping Agency confirmed it had started an investigation, | :03:20. | :03:28. | |
but could not pursue it because the doctor was not governed | :03:29. | :03:30. | |
The Culture Secretary said he was deeply shocked and concerned | :03:31. | :03:38. | |
The Sunday Times has no independent evidence Dr Mark Bonar treated | :03:39. | :04:02. | |
Those contacted by the paper declined to comment | :04:03. | :04:07. | |
The Government is to require the NHS, local authorities and other | :04:08. | :04:16. | |
public bodies to think seriously of using British steel whenever | :04:17. | :04:19. | |
Public sector bodies will be told to weigh up the impact on jobs | :04:20. | :04:24. | |
and possible harm to the environment if they use foreign steel. | :04:25. | :04:29. | |
The ruling comes as a search continues for buyers of the British | :04:30. | :04:32. | |
operations of Tata Steel, including the Port Talbot works. | :04:33. | :04:38. | |
The body of an amateur sailor who died after being swept overboard | :04:39. | :04:41. | |
in the Pacific Ocean has been buried at sea. | :04:42. | :04:43. | |
40-year-old Sarah Young was taking part in the Clipper Round | :04:44. | :04:46. | |
She wasn't attached to a safety line when a wave hit her | :04:47. | :04:52. | |
Her crewmates carried out a traditional sea burial overnight, | :04:53. | :04:56. | |
and a minute's silence was held by everyone taking part in the race. | :04:57. | :05:02. | |
Brussels Airport is due to reopen today, nearly two weeks | :05:03. | :05:04. | |
after suicide bombers destroyed the departure hall | :05:05. | :05:06. | |
Only three flights are scheduled - a tiny proportion of the more | :05:07. | :05:12. | |
than 600 the airport usually handles each day. | :05:13. | :05:16. | |
Officials say it could take several months before full | :05:17. | :05:20. | |
Over a thousand people attended a tribute concert last night in member | :05:21. | :05:35. | |
-- memory of the band, viola beach. Some of Britain's biggest indie | :05:36. | :05:43. | |
bands performed alongside local bands in Warrington. The four band | :05:44. | :05:47. | |
members and their manager died in a car crash in Sweden in February. | :05:48. | :05:49. | |
I'll be back with the headlines just before ten o'clock. | :05:50. | :05:53. | |
That is the news as seen by the BBC. The news as seen by the newspaper | :05:54. | :06:07. | |
editors, very similar. Congratulations to the Sunday Times | :06:08. | :06:12. | |
on their doping story. A huge amount of red wine appeared on the expense | :06:13. | :06:17. | |
sheets. Money clearly very well spent. The Observer has a poll | :06:18. | :06:25. | |
showing Brexit is ahead in the EU referendum. Particularly worrying | :06:26. | :06:27. | |
for the Prime Minister is that younger voters are in favour of the | :06:28. | :06:37. | |
EU and most likely to vote. The Mail on Sunday has a story about foreign | :06:38. | :06:43. | |
aid. ?172 million was overspent last year. That would have kept Port | :06:44. | :06:48. | |
Talbot going for another six months. The Sunday Telegraph with another | :06:49. | :06:51. | |
aid story. It is about an African estate. The rest of the papers, sex, | :06:52. | :06:58. | |
sex and sex. We will not be talking much about any of them! Allison | :06:59. | :07:05. | |
Pearson, I introduced you as a South Wales woman, and you have is just -- | :07:06. | :07:09. | |
chosen a spread in the Observer. This is about the human side. Yes, | :07:10. | :07:18. | |
Stephanie and Paula the economic experts. I am talking about a town I | :07:19. | :07:24. | |
know very well. You have got this giant plant. It is known as the | :07:25. | :07:29. | |
works locally. If you switch it off, you switch off life in that town. | :07:30. | :07:35. | |
People there are already challenged by their circumstances. When they | :07:36. | :07:39. | |
shot the mines. Lots of those communities did not revive. -- shut. | :07:40. | :07:44. | |
There is incredible deprivation. It is a tonne of great spirit. They | :07:45. | :07:50. | |
have produced Rob Brydon, surrounds any Hopkins, Stanley Baker, Sir | :07:51. | :07:54. | |
Richard Burton... It is basically eaten. It is a place of great | :07:55. | :08:02. | |
spirit. But they will kill it. South Wales does not need another kicking. | :08:03. | :08:07. | |
There will be immense hardship and suffering. People from the | :08:08. | :08:10. | |
south-east would not believe the poverty. They need help. Paul has | :08:11. | :08:16. | |
talked a lot about the establishment based in London, the financial | :08:17. | :08:19. | |
services industry not quite getting what is going on down there? It is | :08:20. | :08:25. | |
an ideology that says economics is about much -- economics and market | :08:26. | :08:30. | |
logic determines what happens at Port Talbot. In the papers today, in | :08:31. | :08:35. | |
the Sunday Telegraph, we have got the Tories seeming to come up with | :08:36. | :08:39. | |
the beginning of an industrial policy overnight. The local councils | :08:40. | :08:43. | |
and the NHS will be urged to buy British steel. The keyword is urged. | :08:44. | :08:51. | |
To make them do it you would have two Bend, float or change EU law. -- | :08:52. | :09:00. | |
float. We have to, Kraupp with the industrial strategy. Economics | :09:01. | :09:03. | |
should be about people, it should be about producing coherent, nice solid | :09:04. | :09:09. | |
communities. That is why we have economics. Don't the French and | :09:10. | :09:16. | |
Germans bend the rules for their industries anyway? It is not just | :09:17. | :09:21. | |
about bending the rules. If Sergei Javad and George Osborne went to | :09:22. | :09:24. | |
Brussels and said, do not impose protective tariffs on Chinese seal | :09:25. | :09:32. | |
-- steel... This is a protective measure against other people's | :09:33. | :09:37. | |
steel. Why not now change the policy, go back to Brussels and say, | :09:38. | :09:42. | |
slap a tariff on the Chinese? They are flooding the market. Isn't that | :09:43. | :09:48. | |
a fair point? The Chinese are subsidising their steel industry | :09:49. | :09:54. | |
massively? This has been the challenge of geopolitics for the | :09:55. | :09:58. | |
past few decades. People get a lot of benefits from China moving into | :09:59. | :10:01. | |
the global economy, these cheap goods. When we think as consumers, | :10:02. | :10:08. | |
we tended to like these cheap goods. Cheaper cars, cheaper toys etc. But | :10:09. | :10:13. | |
when it is hitting us as producers, it is more challenging. The | :10:14. | :10:17. | |
government has got itself in a pickle if it does not have a | :10:18. | :10:20. | |
strategy on the industrial side but does have a clear strategy on China. | :10:21. | :10:35. | |
The Sunday Telegraph... Right now, the government have to work out what | :10:36. | :10:39. | |
to do with Port Talbot. Whether there is capacity to put it in a | :10:40. | :10:46. | |
holding operation. A steel tycoon has saved number of plants in recent | :10:47. | :10:54. | |
months. He is an amazing guy? Yes. He is saying he has not made a | :10:55. | :10:57. | |
proposition that he is going to buy the whole thing. That is too big a | :10:58. | :11:03. | |
thing. But he does seem to be exploring with the government, can | :11:04. | :11:07. | |
you keep part of this open in order to start thinking about support? | :11:08. | :11:15. | |
What is the strategic point of having a blast furnace in the UK? | :11:16. | :11:20. | |
Part of his idea is that he would get rid of the blast furnaces and | :11:21. | :11:25. | |
move to electric arc furnaces, which use the scrap steel to make new | :11:26. | :11:35. | |
steel. I am not against it. All melting of metal and pouring it into | :11:36. | :11:39. | |
liquid takes a lot of energy. You need in energy policy. Then you need | :11:40. | :11:45. | |
a policy of where it goes. I think a more coherent policy about who buys | :11:46. | :11:48. | |
the steel. This is what John McDonnell is talking about in the | :11:49. | :11:52. | |
Sunday Mirror. They have now come up with a plan. Bring forward some | :11:53. | :11:55. | |
infrastructure projects so we can use the steel on that. They have to | :11:56. | :12:01. | |
take account of national security. You can have national security on | :12:02. | :12:07. | |
foreign ownership. But blast furnaces make are in into steel. | :12:08. | :12:14. | |
That is what they do. -- iron. If you are in a scratchy situation, you | :12:15. | :12:17. | |
have to ask governments to imagine what would happen if we suddenly | :12:18. | :12:21. | |
needed some steel that we could not get from abroad. You have to think | :12:22. | :12:25. | |
about just that and not even the people of Port Talbot. We have a | :12:26. | :12:32. | |
defence industry and a car industry. It makes sense to have a steel | :12:33. | :12:37. | |
industry. If the worst happens and there is a war and we suddenly need | :12:38. | :12:42. | |
to make armaments. These are choices by government. The Mail on Sunday | :12:43. | :12:48. | |
has collided two very different stories. Foreign aid overspending | :12:49. | :12:53. | |
and steel. The Mail on Sunday is running a very interesting campaign, | :12:54. | :12:59. | |
which is against the loony levels of foreign aid. The government | :13:00. | :13:06. | |
committed to paying 0.07. We're one of the few countries that have | :13:07. | :13:12. | |
actually hit the target. There is a sense of time to detoxify the Tory | :13:13. | :13:17. | |
brand. But the mail on Sunday is on its high horse. It has a petition | :13:18. | :13:23. | |
with more than 150,000 signatures. They say that we were spent 172 | :13:24. | :13:30. | |
million. The point surely is that it people are thinking if we cannot | :13:31. | :13:32. | |
take care of our own people, what are we doing? Just before we leave | :13:33. | :13:37. | |
the Mail on Sunday, there is an interesting line on Bob Geldof. It | :13:38. | :13:42. | |
is alleged that David Cameron is so scared of him, he has protected the | :13:43. | :13:47. | |
aid budget as a result. Yes, everything has to be run past him! | :13:48. | :13:54. | |
Say what you like about the Welsh steel workers, but they did not | :13:55. | :13:57. | |
bundle of a lot of dodgy mortgages and collapsed the global financial | :13:58. | :14:09. | |
market. 100 billion. Stephanie Flanders, bailed out. You have got a | :14:10. | :14:15. | |
great cartoon from the Sunday Times. Gerald Scarfe. It makes the point we | :14:16. | :14:19. | |
were making area about how all of this is in response to the | :14:20. | :14:22. | |
production that has been coming out of China. We have benefited a lot | :14:23. | :14:28. | |
from Chinese growth over the years. Now they have been pushing a lot of | :14:29. | :14:35. | |
cheap steel onto the global market. We see that threatening to stomp on | :14:36. | :14:38. | |
David Cameron and the Business Secretary. Again it is this issue, | :14:39. | :14:46. | |
the government has said it once a close relationship with China. And | :14:47. | :14:49. | |
every country in the world is struggling with how to maintain it | :14:50. | :14:54. | |
while also stopping these economic consequences. You could have a | :14:55. | :14:59. | |
coherent industrial strategy, and say, we are more interested in all | :15:00. | :15:02. | |
of those steel using manufacturers in the UK, and we have therefore | :15:03. | :15:07. | |
decided to let Reddish steel go hang. That would be caught here and | :15:08. | :15:11. | |
by the government will not say that? If you could have a principled view, | :15:12. | :15:16. | |
for example, against any protectionism, which would put you | :15:17. | :15:19. | |
at odds with part of the EU and other people, but to claim that you | :15:20. | :15:27. | |
are now talking about the march of the makers and that you are in | :15:28. | :15:30. | |
favour of supporting industry and the rebalancing of the UK was doing | :15:31. | :15:32. | |
the opposite, that seems odd. It is becoming a government which | :15:33. | :15:42. | |
says one thing and does another but lurking behind all of that is the | :15:43. | :15:46. | |
relationship with Europe because it is absolutely logical for George | :15:47. | :15:51. | |
Osborne to go and kowtow to China. This has been going on for some time | :15:52. | :15:57. | |
because, because the Conservatives thought that in or out of Europe we | :15:58. | :16:01. | |
are going to need to have bilateral relationships with the big | :16:02. | :16:05. | |
industrial players of the future and that's completely logical. I think a | :16:06. | :16:09. | |
lot of people think that if you do that any free-market way, the | :16:10. | :16:12. | |
Chinese don't believe in the free market, they subsidise everything. | :16:13. | :16:17. | |
They have just put tariffs on a steel plant in south Wales. That | :16:18. | :16:22. | |
will play into this. I want to talk about this, it is quite important. | :16:23. | :16:28. | |
Right now those in favour of Brexit, they are winning according to the | :16:29. | :16:38. | |
latest poll. The old are in favour, more in favour of Brexit and the | :16:39. | :16:46. | |
young are not according to this. That is causing some consternation | :16:47. | :16:49. | |
because we all know young people don't vote a lot but I think we | :16:50. | :16:54. | |
haven't even heard the offer we are going to be aborting on. We will | :16:55. | :16:58. | |
have the same thing as in Scotland, a last-minute offer and then this | :16:59. | :17:02. | |
all up and down will be irrelevant come down to the final week. There | :17:03. | :17:09. | |
is an irony because you have all the people who want to be radicalised, | :17:10. | :17:12. | |
they like the idea of throwing everything into the air and seeing | :17:13. | :17:16. | |
what happens. Young people are being much more sensible in not wanting to | :17:17. | :17:21. | |
put it all at risk. I am in favour of Brexit and I do not like being | :17:22. | :17:29. | |
called older. I should say my 16-year-old son wants to stay | :17:30. | :17:32. | |
because he sees the benefits of being able to go in work in Paris or | :17:33. | :17:38. | |
Berlin. He is going to live with more of the consequences than you | :17:39. | :17:43. | |
are. We are living with the consequences and I am in favour | :17:44. | :17:46. | |
because we cannot take care of our own people, our services are under | :17:47. | :17:52. | |
strain and we have 320,000 people a year coming in, how we are going to | :17:53. | :17:56. | |
look after them? You got into hot water last week when you said that | :17:57. | :18:00. | |
after the Brussels attacks we would be safer physically outside the EU, | :18:01. | :18:06. | |
why did you say that? Because I think it's the case, I think the | :18:07. | :18:12. | |
security services are doing a fantastic job and there are very | :18:13. | :18:16. | |
weak elements in the European security services. And they don't | :18:17. | :18:22. | |
need to cooperate? I think the Belgian police are finding out more | :18:23. | :18:25. | |
from our lot than they are from their own people and there are | :18:26. | :18:30. | |
serious security lapses. Two of the terrorists came to Birmingham in the | :18:31. | :18:36. | |
last two years. Before you say anything I think it is there to say | :18:37. | :18:39. | |
you are broadly speaking on the left and have not yet come out. Broadly | :18:40. | :18:45. | |
speaking? I am absolutely on the radical left. We are fighting | :18:46. | :18:51. | |
bitterly over him, one saying stay and the other saying go. I buy all | :18:52. | :18:58. | |
the principal arguments of leaving. But I think what stays my hand, and | :18:59. | :19:02. | |
I will wait and see what we are offered, is the idea of keystone | :19:03. | :19:07. | |
cops as demonstrated on this being replaced by Boris and Boris gets | :19:08. | :19:13. | |
too, Doris Johnson gets to decide the terms on which we weave -- Boris | :19:14. | :19:19. | |
Johnson gets to decide. This is a point made in other newspapers, if | :19:20. | :19:23. | |
young people don't vote, and if Labour people don't thought we could | :19:24. | :19:26. | |
end up leaving and I think it will be many on the left to end up | :19:27. | :19:30. | |
suffering as a result. We have talked about very many big issues, | :19:31. | :19:38. | |
let's finish with women's hour. In the mail on Sunday, when they | :19:39. | :19:43. | |
started women's hour on the BBC, there was great concern, they | :19:44. | :19:46. | |
decided it couldn't be fronted by a woman because they might be resented | :19:47. | :19:52. | |
by female listeners. The programme was originally for middle-class | :19:53. | :19:54. | |
housewives who don't want their brains to go mouldy. There is a more | :19:55. | :20:01. | |
from someone saying they are embarrassed talking about older | :20:02. | :20:03. | |
women's programmes in the afternoons, embarrassing to hear | :20:04. | :20:08. | |
about hot flushes and diseases of the ovaries broadcasting at 300 and | :20:09. | :20:16. | |
six kilowatts at 2pm the afternoon. Menopause around the clock! Enough, | :20:17. | :20:22. | |
I am having a hot flush at the thought. | :20:23. | :20:25. | |
To the weather, I will do my own weather forecast and then you can | :20:26. | :20:31. | |
come over me if I am wrong. Over the next few days we will get a little | :20:32. | :20:35. | |
bit of this and a little bit of that. You might want more details or | :20:36. | :20:39. | |
luckily Peter Gibbs has more in the studio, but I am right? | :20:40. | :20:44. | |
And incisive summary as ever, let me show you a bit more of this and a | :20:45. | :20:51. | |
bit more of that. Fine day ahead, but head up into Derbyshire and it's | :20:52. | :20:56. | |
a different story. Grey skies and mistake. We have a mixture across | :20:57. | :21:02. | |
most of the UK, some rain in the mix as well, showers pushing into the | :21:03. | :21:05. | |
South West of England, rain lingering borough good part of the | :21:06. | :21:09. | |
day across Northern Ireland and Northern Scotland but it will become | :21:10. | :21:13. | |
lighter and more patchy with time. Writers bells across southern | :21:14. | :21:17. | |
Scotland but the lion's share of the sunshine will be across the | :21:18. | :21:21. | |
Midlands, South East England and Northern England as well. | :21:22. | :21:25. | |
Temperatures struggling a little again, but where the sun breaks | :21:26. | :21:28. | |
through we could see temperatures as high as 18, maybe even 19 degrees | :21:29. | :21:33. | |
around London, maybe into East Anglia. If you are out and about | :21:34. | :21:37. | |
with out for these areas of heavy showery outbreaks of rain working | :21:38. | :21:42. | |
their way north across England and Wales pushing towards Scotland. That | :21:43. | :21:47. | |
sets the scene for the week ahead, there will be heavy April showers, | :21:48. | :21:52. | |
some sunshine in between but it will turn colder for most of us as the | :21:53. | :21:57. | |
week goes on. In summary, a bit of this and a bit of that. | :21:58. | :22:02. | |
The threat to the steel industry, with many thousands of potential job | :22:03. | :22:07. | |
losses, has brought the idea of nationalisation | :22:08. | :22:09. | |
It's being championed by Labour, and I'm joined now | :22:10. | :22:12. | |
by the Shadow Chancellor, John McDonnell. | :22:13. | :22:13. | |
You have talked about nationalised to stabilise, what does that mean? | :22:14. | :22:23. | |
Let me be clear, we had to have a clear way forward for the workers | :22:24. | :22:28. | |
and the country and get the best deal for the country, we need to | :22:29. | :22:34. | |
talk to the owners to get a realistic timetable for finding a | :22:35. | :22:38. | |
buyer. We must get guarantees such as keeping Port Talbot open. If we | :22:39. | :22:43. | |
don't have the leeway and timescale than as a fallback nationalisation | :22:44. | :22:47. | |
in the short-term to stabilise the situation and prepare the sector for | :22:48. | :22:50. | |
putting it as another buyer will give us the stability. But we are | :22:51. | :22:56. | |
also saying we have to have a level playing field. Back to Europe and | :22:57. | :23:02. | |
the tariffs? I am afraid we have been let down by the government, it | :23:03. | :23:08. | |
is one of the issues Tata said was pumping them coming to the decision | :23:09. | :23:13. | |
to look at close. We also need more support from George Osborne on | :23:14. | :23:17. | |
business rates and we have to bring forward the infrastructure process. | :23:18. | :23:26. | |
What about energy prices? We need to look at that, we have given some | :23:27. | :23:30. | |
support but on the figures we have seen the idea about the increase | :23:31. | :23:36. | |
regarding climate change is about 1% so it's not a key factor but it | :23:37. | :23:42. | |
needs like that. We know we need to restructure the company and they can | :23:43. | :23:45. | |
do that but there needs to be state involvement. At the moment we know | :23:46. | :23:52. | |
that Tata have said basically the whole thing will close, it will go | :23:53. | :23:57. | |
cold, workers will leave, electricity will be shut off in six | :23:58. | :24:01. | |
weeks maximum so it's a short timescale. We also know they have | :24:02. | :24:05. | |
been looking for buyers for a year and have not found anybody. Two | :24:06. | :24:10. | |
potential buyers talked about in the paper, one is talking about not | :24:11. | :24:15. | |
asset stripping but cherry picking, he does not want the blast furnaces | :24:16. | :24:20. | |
for example. Would that be acceptable for the Labour Party? | :24:21. | :24:24. | |
Part of the reason buyers are not coming forward is they have not seen | :24:25. | :24:28. | |
an industrial strategy in this country which depends upon steel. If | :24:29. | :24:33. | |
we were in government we would have a strategy and working with buyers | :24:34. | :24:37. | |
who had the confidence to invest. That is why I am saying bring | :24:38. | :24:42. | |
forward the shovel ready infrastructure projects. So go | :24:43. | :24:51. | |
faster with high speed to four -- high two for example? Yes, only | :24:52. | :25:00. | |
about one in five projects have gone on to ground for completion, we need | :25:01. | :25:06. | |
a better strategy. While you wait for a buyer and a buyer doesn't, | :25:07. | :25:09. | |
then the public will be left with this costing an million pounds a day | :25:10. | :25:15. | |
at the moment, possibly in perpetuity? Andrew, we know this | :25:16. | :25:20. | |
isn't a zero cost exercise, if it close now we could be into a cost of | :25:21. | :25:27. | |
one billion a year supporting people on benefits and the collapse of | :25:28. | :25:30. | |
local economies, we saw it with mining. We must not neglect these | :25:31. | :25:35. | |
communities. We need a strategy which encourages buyers coming | :25:36. | :25:39. | |
forward. Nationalisation in the short-term is fine but it is based | :25:40. | :25:44. | |
on securing the future the industry. If it led to full-time | :25:45. | :25:48. | |
nationalisation would it be a problem? I think we need to | :25:49. | :25:52. | |
recognise the best way forward is to secure a buyer as quickly as we can. | :25:53. | :25:56. | |
I don't think we will do that unless they see a government with | :25:57. | :25:59. | |
industrial strategy which is confident about the role of steel | :26:00. | :26:03. | |
and infrastructure that elements in future. It's all about timescales. | :26:04. | :26:10. | |
Buyers are put off about the disproportionate size of the pension | :26:11. | :26:14. | |
scheme, you think the government should nationalise the pension | :26:15. | :26:19. | |
scheme to make the rest more sellable? The responsibility for the | :26:20. | :26:22. | |
pension scheme would be there anyway because we have protection scheme | :26:23. | :26:27. | |
within this country. That is part of the negotiations with Tata, we | :26:28. | :26:30. | |
cannot let them walk away from its responsibilities. Some people will | :26:31. | :26:35. | |
say there is old Labour, first instinct nationalise, and before we | :26:36. | :26:41. | |
know where we are we are back to 1963. You have not listened to me, I | :26:42. | :26:48. | |
have said we need negotiations to get a realistic timetable for a new | :26:49. | :26:51. | |
buyer who will hopefully come forward, if it isn't nationalisation | :26:52. | :26:57. | |
will be a fallback. You would always expect to breaded back into the | :26:58. | :27:04. | |
market after that? Yes. It depends on the level of investment. Railway | :27:05. | :27:08. | |
franchises have collapsed and been brought back into public ownership | :27:09. | :27:11. | |
by this government and then put out again so it does work. If a group | :27:12. | :27:17. | |
like liberty wanted to buy the downstream steel-making, the more | :27:18. | :27:20. | |
specialist part but did not want to buy the original bit which is losing | :27:21. | :27:24. | |
a lot of money it might be something for the state to hang onto the blast | :27:25. | :27:28. | |
furnaces to keep the entire steel industry alive in the private | :27:29. | :27:33. | |
sector? I want to see a strategic development linked to the industrial | :27:34. | :27:37. | |
strategy for the long term. In that way I think we can secure the | :27:38. | :27:40. | |
long-term health of not just steel but the economy as well. We would | :27:41. | :27:45. | |
have to look at all options and see what is best for the workers, the | :27:46. | :27:49. | |
taxpayers and the country. We have to look at the long-term future. | :27:50. | :27:56. | |
This is our new politics, the strategic entrepreneurial state, | :27:57. | :27:57. | |
creating long-term investment, new product and new markets. We could | :27:58. | :28:04. | |
have a long-term steel industry partly owned by the taxpayer and | :28:05. | :28:09. | |
partly owned by private groups? We will look at all the options. The | :28:10. | :28:13. | |
government we have we are under disarray, Anna Sue Bray said all the | :28:14. | :28:17. | |
options were on the table and the next day the Secretary of State said | :28:18. | :28:22. | |
nationalisation was not an option. One other option is the German group | :28:23. | :28:27. | |
and it is thought they would like to buy a lot of the European operations | :28:28. | :28:32. | |
of Tata including the modern Dutch plant to shut down Port Talbot, what | :28:33. | :28:37. | |
would you say? We would need to have a guarantee about Port Talbot | :28:38. | :28:43. | |
continuing from any new buyer. Port Talbot have looked at restructuring | :28:44. | :28:45. | |
to become competitive again but it has to be linked to an overall | :28:46. | :28:49. | |
industrial strategy and the government has a role to play. | :28:50. | :28:52. | |
Whether it is money well spent or not Labour's response does involve | :28:53. | :29:00. | |
an extra burden on the public purse. Everyone is responsible, if the | :29:01. | :29:03. | |
government allows the steel sector to close it could cost us between | :29:04. | :29:08. | |
one and a half billion to keep people on the dole and have | :29:09. | :29:11. | |
economies collapse in those communities. There is not a cost | :29:12. | :29:15. | |
free option. We need to invest the money to turn it around and make a | :29:16. | :29:19. | |
sector profitable again. We will need steel again in the future if we | :29:20. | :29:23. | |
are to rebuild our manufacturing base and at the end of the day we | :29:24. | :29:27. | |
believe we'll get the best deal for the taxpayer, community and | :29:28. | :29:31. | |
workforce. Let me move to a Labour Party issue, fears the party has an | :29:32. | :29:40. | |
anti-Semitic French, there are people including Chris Bryant your | :29:41. | :29:46. | |
own MP, saying they are uneasy about things like that, so my question is | :29:47. | :29:50. | |
there is a position of opposition to the Israeli government and what it | :29:51. | :29:54. | |
has been doing and that can involve boycott and so forth. At what point | :29:55. | :30:01. | |
in your mind does anti-Zionist politics become anti-Semitism? As | :30:02. | :30:06. | |
soon as Jewish people start telling us there is anti-Semitism in our | :30:07. | :30:11. | |
party we had to set up and listen. There is no role for anyone in our | :30:12. | :30:14. | |
party with anti-Semitic views. I believe we should take the advice | :30:15. | :30:20. | |
from our Jewish friends to say how do we tackle this problem because it | :30:21. | :30:27. | |
is a societal problem. If it has infected any members of the Labour | :30:28. | :30:30. | |
Party we have to root it out and I am not having it within the party. | :30:31. | :30:41. | |
One Labour councillor talked about Jewish people being aggressive | :30:42. | :30:46. | |
towards Palestinians. You can be critical of the Israeli state but | :30:47. | :30:50. | |
you must not allow that to be used by anti-Semites. We have too rooted | :30:51. | :30:53. | |
out and we will do. Thank you. In two new movies that couldn't be | :30:54. | :30:56. | |
more different from each other, Jeremy Irons plays a father figure | :30:57. | :30:59. | |
to gifted, troubled men. The Man Who Knew Infinity casts him | :31:00. | :31:01. | |
as a Cambridge don helping a young Indian maths genius to cope | :31:02. | :31:05. | |
with racism and his own brilliance. When we met, however, | :31:06. | :31:08. | |
Jeremy Irons started by telling me In Batman versus Superman, | :31:09. | :31:10. | |
he reinvents Bruce Wayne's butler. Irons explained why his Alfred | :31:11. | :31:14. | |
is a special ops sidekick He has the power to wipe out | :31:15. | :31:17. | |
the entire human race and if we believe there is even a 1% | :31:18. | :31:34. | |
chance that he is our enemy we have I believe that Bruce Wayne's | :31:35. | :31:38. | |
parent's, when they were worried about their little boy | :31:39. | :31:48. | |
being kidnapped, and then they died of course, and he became | :31:49. | :31:53. | |
their guardian, would have chosen someone - I remember going to dinner | :31:54. | :31:56. | |
with John Paul Getty in the country and two very nice gents opened | :31:57. | :31:59. | |
the gates for me as I drove in, drove my car away, a very nice | :32:00. | :32:03. | |
gentleman took my coat and another very nice gentleman gave me a glass | :32:04. | :32:06. | |
of champagne on a tray. And I later discovered | :32:07. | :32:09. | |
they were all SAS. They were there to guard | :32:10. | :32:11. | |
this wealthy man. I thought, yes, if I was Mr | :32:12. | :32:14. | |
and Mrs Wayne I would choose somebody who had special services | :32:15. | :32:18. | |
training, who could deal with any difficult situation | :32:19. | :32:21. | |
and so we thought let's make Alfred So this is the butler | :32:22. | :32:24. | |
as action hero, really? Well, it is, except I don't do much | :32:25. | :32:29. | |
action because we have other action heroes, | :32:30. | :32:32. | |
we have Superwoman, we have Batman, Alfred is not necessarily - | :32:33. | :32:34. | |
although I do get to fly And indeed I got to drive | :32:35. | :32:40. | |
the Batmobile which is very difficult to reverse | :32:41. | :32:54. | |
because there is no, Thermal imaging is showing me two | :32:55. | :32:56. | |
dozen hostiles on the third floor. Why don't I drop you | :32:57. | :33:06. | |
off on the second? This is a film which clearly has | :33:07. | :33:11. | |
to be for adults as well as kids and teenagers and so forth, | :33:12. | :33:15. | |
if you are walking along the streets is it the kind of film | :33:16. | :33:18. | |
you would go and see? I might go and see this | :33:19. | :33:21. | |
one because I'm in it! But normally I am not really | :33:22. | :33:26. | |
a superhero aficionado, They are not ones I tend | :33:27. | :33:29. | |
to go and see. Although I have to say when I sat | :33:30. | :33:35. | |
through this I came out thinking, God I have had a meal | :33:36. | :33:38. | |
and a half, you know? Let's talk about the other film, | :33:39. | :33:41. | |
The Man Who Knew Infinity which is about the Indian | :33:42. | :33:48. | |
mathematician Ramanujan who was an extraordinary figure, | :33:49. | :33:50. | |
turn-of-the-century, And your character Hardy, | :33:51. | :33:54. | |
is a professor and again it is a bit like, it is a bit like Batman | :33:55. | :34:05. | |
and Superman in that it is you and a younger man | :34:06. | :34:08. | |
and you are in a slight Yes, GH Hardy, also one | :34:09. | :34:11. | |
of the few sort of 15 great He wrote a small book called | :34:12. | :34:16. | |
A Mathematician's Apology, and reading that I realised that | :34:17. | :34:23. | |
pure mathematics is sort of half It's an extraordinary subject | :34:24. | :34:29. | |
and that is what excited me about it, when I read | :34:30. | :34:36. | |
Mathematician's Apology. And I thought, well, I feel the same | :34:37. | :34:43. | |
about the arts as this. So, I wanted to play a man who had | :34:44. | :34:46. | |
this wonderful internal passion, an academic, somebody quite out | :34:47. | :34:50. | |
of touch with his emotions. Who finds himself becoming | :34:51. | :34:57. | |
enormously attached to this young Indian, who was quite out of place | :34:58. | :35:03. | |
in Cambridge and not very welcome But because of their shared passion | :35:04. | :35:07. | |
they sort of grow together in a very God and I don't exactly see | :35:08. | :35:12. | |
eye to eye. So if I prepare for | :35:13. | :35:24. | |
rain then it won't. I am Hardy and I am spending | :35:25. | :35:26. | |
the afternoon in the library! You see, I am what | :35:27. | :35:31. | |
you call an atheist. I was really touched, | :35:32. | :35:38. | |
I mean, I wanted to do the movie because Matt Brown, | :35:39. | :35:45. | |
who directed it, who I met about four years ago, | :35:46. | :35:48. | |
and who gave me the script, He had been trying to get it | :35:49. | :35:50. | |
off the ground for ten A story of two mathematicians, | :35:51. | :35:54. | |
who would go and see that? But I thought he sees something | :35:55. | :35:58. | |
in this and I was fascinated So, when we finished making it | :35:59. | :36:01. | |
and I watched it I thought, yes, it has something | :36:02. | :36:07. | |
very special, this film. We have talked a little bit | :36:08. | :36:10. | |
about politics before together, it's a very strange time | :36:11. | :36:13. | |
we are living in in this country. We are going through a time | :36:14. | :36:16. | |
when everyone is pushed against the wall and asked | :36:17. | :36:18. | |
what side are you on, But I think like many of us | :36:19. | :36:21. | |
you are one of those people who have been agonising a lot, finding it | :36:22. | :36:25. | |
a difficult, difficult decision. My instinct is always | :36:26. | :36:28. | |
to want local politics, politics to be made nearer me | :36:29. | :36:29. | |
so I can have more influence and I have felt that Brussels, | :36:30. | :36:35. | |
too far-away, I don't elect these people, they spend an awful lot | :36:36. | :36:39. | |
of money travelling between Brussels and wherever it is and it seems | :36:40. | :36:43. | |
wasteful, overblown, But, I feel at the moment, | :36:44. | :36:47. | |
we have such a crisis in Europe with both our economy | :36:48. | :36:59. | |
and the refugee situation, I think we have to hold together | :37:00. | :37:04. | |
and try to spread reasonableness and cooperation between our group, | :37:05. | :37:11. | |
and better organisation. If one believes in that, | :37:12. | :37:18. | |
which I think probably is the way I am going at the moment, | :37:19. | :37:23. | |
then we should probably stay in and try from the inside | :37:24. | :37:26. | |
to change things. I do believe a lot of people | :37:27. | :37:29. | |
inside want things to be improved so maybe we would have fellow | :37:30. | :37:34. | |
conspirators if we stayed in. A busy man, Jeremy Irons - | :37:35. | :37:40. | |
he's also on stage at the Bristol Old Vic until 23 April | :37:41. | :37:50. | |
in Long Day's Journey Into Night. The Business Secretary has been | :37:51. | :37:53. | |
hammered in the press, for being out of the country | :37:54. | :37:56. | |
as 15,000 steel workers faced And the Government generally | :37:57. | :37:59. | |
is accused of a lack of engagement Have ministers simply | :38:00. | :38:03. | |
got their priorities wrong, You have said steel is absolutely | :38:04. | :38:20. | |
vital to UK manufacturing. Can we take it that you regard this as a | :38:21. | :38:26. | |
vital strategic interest for the UK? It is absolutely vital. It is vital | :38:27. | :38:31. | |
for our economic and national security. I do not want to live in a | :38:32. | :38:35. | |
country where we have to import all of our steel. We will do everything | :38:36. | :38:40. | |
we can to keep steel-making at Port Talbot and to help workers. This | :38:41. | :38:47. | |
plant is going to stay open as long as you are Business Secretary? I | :38:48. | :38:50. | |
will do everything I can to keep this plant open. Not quite the same | :38:51. | :38:59. | |
thing. Maybe we can talk about the global challenges. There are some | :39:00. | :39:03. | |
things we cannot change. There are a lot of tools we have in our box. We | :39:04. | :39:07. | |
have been working on them for months. We have known about this | :39:08. | :39:11. | |
potential announcement for a while. That work will pay off. When did you | :39:12. | :39:17. | |
know that Tata Steel were going to close Port Talbot? A few weeks ago | :39:18. | :39:21. | |
Tata had informed us they were reviewing their entire steel | :39:22. | :39:25. | |
industry in the UK. They were considering closing Port Talbot. | :39:26. | :39:28. | |
That would have been devastating up that happened. When I first heard | :39:29. | :39:36. | |
that, my number one priority, and of course this was all behind the | :39:37. | :39:41. | |
scenes, very commercially sensitive, was to work with Tata, whether in | :39:42. | :39:46. | |
India, the UK, and convince them that it is not in their interest as | :39:47. | :39:51. | |
a responsible company, and to allow an open sales process. That is what | :39:52. | :39:56. | |
we managed to achieve. You presumably knew that this Tata board | :39:57. | :40:00. | |
meeting just after Easter in Mumbai was the crunch moment. Why were you | :40:01. | :40:06. | |
in Australia? It was an important meeting but when they made their | :40:07. | :40:09. | |
announcement we did not anticipate they would go that far with the | :40:10. | :40:14. | |
news. The strength of the announcement and how far they went, | :40:15. | :40:18. | |
particularly in terms of timing, was much further than we expected. That | :40:19. | :40:23. | |
is why I turned around and came back and my first visit was to Port | :40:24. | :40:27. | |
Talbot. Stephen Kinnock said everybody knew this was coming. He | :40:28. | :40:32. | |
went to Mumbai and is confused about why you did not go. Stephen Kinnock | :40:33. | :40:38. | |
and others would not have been involved or had known about the | :40:39. | :40:42. | |
discussions we had been having with Tata four weeks since we first heard | :40:43. | :40:44. | |
about their concerns with Port Talbot. When we heard what they had | :40:45. | :40:50. | |
said and how far they went in their announcement, that is why we came | :40:51. | :40:56. | |
back. You came back of your own volition? Of course. Any business | :40:57. | :41:01. | |
trip I make, you always have to be ready to change your plans. That is | :41:02. | :41:07. | |
what I did. Tata have said this is a four week process and within six | :41:08. | :41:10. | |
weeks they would expect to close the steel mill. The workers will be out | :41:11. | :41:15. | |
and the thing will be cooling down. It is a tight timescale? That is why | :41:16. | :41:20. | |
I was actually worried when I heard about the announcement. As I have | :41:21. | :41:23. | |
probed that and worked with them, they have not said that. They know | :41:24. | :41:30. | |
it will take time. They know it is not just a matter of weeks. When | :41:31. | :41:33. | |
they talk about weeks, that is the period you would take to get | :41:34. | :41:37. | |
so-called expressions of interest, find out who is interested. Then it | :41:38. | :41:41. | |
will take much longer after that to work out a deal. That will be with | :41:42. | :41:47. | |
Tata itself. It will involve me and the government. There will be a | :41:48. | :41:51. | |
period of time, probably months, when people are trying to find some | :41:52. | :41:55. | |
way of saving this. During that period of time, the company is using | :41:56. | :42:00. | |
-- losing ?1 million per day. Tata wants to get out and you cannot stop | :42:01. | :42:05. | |
them leaving. There may be a period where you have to temporarily | :42:06. | :42:08. | |
nationalise the industry to keep it alive. Tata shone they are a | :42:09. | :42:13. | |
responsible company, irresponsible seller. -- Tata have shown. IC Tata | :42:14. | :42:25. | |
issuing a working document. Alongside that, we are also going to | :42:26. | :42:30. | |
have two offer support to eventually clinched a buyer and to give this | :42:31. | :42:34. | |
steel plant a long-term viable future. To be absolutely clear, if | :42:35. | :42:41. | |
there is a period between Tata washing their hands of it and a | :42:42. | :42:44. | |
buyer coming along, will the government stepped in to pick up the | :42:45. | :42:48. | |
wage bill and keep the thing going for a period of time? I do not think | :42:49. | :42:56. | |
nationalisation is a solution. Even for a a few weeks or months? I also | :42:57. | :43:01. | |
think it would not be prudent to rule anything out. I do feel though, | :43:02. | :43:07. | |
for a lot of reasons, after talking to Tata, that there will be enough | :43:08. | :43:11. | |
time to find the right buyer working with the government and being able | :43:12. | :43:15. | |
to take this forward. But you cannot know that to be the case. I am | :43:16. | :43:18. | |
wondering if the government will pick up the tab to allow a sale to | :43:19. | :43:23. | |
go ahead? We will look at everything we can do to allow a sale going | :43:24. | :43:26. | |
ahead and I would not rule anything out. There is a confusion about | :43:27. | :43:33. | |
nationalisation. The Prime Minister and the Chancellor have said | :43:34. | :43:37. | |
everything is on the table. But nationalisation is not the answer. | :43:38. | :43:41. | |
Those two things cannot be entirely compatible, can they? What we have | :43:42. | :43:49. | |
said is that when you look at situations like this, | :43:50. | :43:50. | |
nationalisation is rarely the answer. You heard a moment ago from | :43:51. | :43:58. | |
John McDonnell, who, it seems to me nationalisation is his plan. That is | :43:59. | :44:02. | |
not our plan. Our plan is to find a commercial buyer. All of the best | :44:03. | :44:07. | |
steel companies in the world are privately run. Every steel company | :44:08. | :44:11. | |
in Europe is privately run. When you speak to the unions at Tata, they | :44:12. | :44:16. | |
know their best hope for a long-term viable future is with a good | :44:17. | :44:22. | |
commercial operator. We know of two potential buyers. Liberty steel have | :44:23. | :44:26. | |
been clear they would like to buy some of the more specialist steel | :44:27. | :44:29. | |
working plans up and down the country but they are not so keen on | :44:30. | :44:34. | |
the blast furnace. Would an offer which cherry picked the operation be | :44:35. | :44:39. | |
acceptable? I do not think I can get into that detail now. I want to see | :44:40. | :44:44. | |
steel-making continue. Save as many jobs as possible. I want to find a | :44:45. | :44:48. | |
buyer for the whole of the business. Of course there will be helped that | :44:49. | :44:52. | |
needs to be provided. Because we have been working on this for weeks, | :44:53. | :44:56. | |
I have thought very carefully about the kind of help we can provide. I | :44:57. | :45:01. | |
can give you a flavour. Mr Gupta, for instance, has talked about some | :45:02. | :45:08. | |
kind of partnership where he buys bits of the steel industry he wants, | :45:09. | :45:16. | |
but the blast furnaces, they stay in public ownership, so there is a | :45:17. | :45:19. | |
joint private, public deal. Would you be against that? | :45:20. | :45:24. | |
I'm not going to talk about any potential buyer, it is early days, | :45:25. | :45:31. | |
let's get Tata to put out their official bottom and then we will | :45:32. | :45:36. | |
engage with any potential buyer who will come up with combination of | :45:37. | :45:40. | |
things they would like. I have made our interests clear which is to | :45:41. | :45:44. | |
protect Port Talbot and as many jobs as possible and make it viable for | :45:45. | :45:48. | |
the long-term. But what we have been looking at four weeks, any buyer who | :45:49. | :45:51. | |
comes along will want to look at what I have referred to as the | :45:52. | :46:03. | |
plant, pensions and power supply. Very good, I would like to talk | :46:04. | :46:08. | |
about all those. You want get too much out of me because a lot of them | :46:09. | :46:11. | |
will be commercially sensitive but it is to give you a flavour, these | :46:12. | :46:15. | |
are the things we have thought of and have started working on. I hope | :46:16. | :46:18. | |
you will have the official document from Tata and on top of that the | :46:19. | :46:22. | |
help the British government can provide and then you have the | :46:23. | :46:27. | |
makings of a successful deal. Let's talk about those three things, power | :46:28. | :46:32. | |
supplies or electricity, the green levy which beers down heavily on big | :46:33. | :46:37. | |
British industries, makes it about twice the price that German | :46:38. | :46:42. | |
competitors for instance are paying. The Germans and the French and | :46:43. | :46:47. | |
others are much sharper and more ruthless about excluding the big | :46:48. | :46:51. | |
heavy industries from higher energy prices caused by green policies than | :46:52. | :46:56. | |
we are, and you do something about that? We have done it already. | :46:57. | :47:03. | |
Really? We have already started being energy intensive industries | :47:04. | :47:07. | |
compensation for the climate change policy costs in energy. We have paid | :47:08. | :47:13. | |
180 million already. But those costs of Tata are twice what they would be | :47:14. | :47:20. | |
in Holland or Germany. Let's remember... The most expensive | :47:21. | :47:26. | |
energy in Europe. It's an important component and we have already | :47:27. | :47:31. | |
started paying compensation. Can you do more? That is exactly what I have | :47:32. | :47:35. | |
done already, we want to move from compensation to exemption of those | :47:36. | :47:40. | |
costs and I announced that a few months ago and it is already in the | :47:41. | :47:44. | |
works. When it comes to poor poor but, specifically Port Talbot, more | :47:45. | :47:51. | |
needs to be done on power but I cannot get into the detail but any | :47:52. | :47:54. | |
potential investor would want to see movement. You also mentioned the | :47:55. | :48:00. | |
plant, the company wants something to be done about business rates and | :48:01. | :48:06. | |
there was a plan to exempt heavy industry from business rates but it | :48:07. | :48:11. | |
did not go in the budget. That is a crucial thing you need to look at | :48:12. | :48:15. | |
again isn't it? Because the continental steel companies have | :48:16. | :48:19. | |
totally different regime which is much more attractive for investment. | :48:20. | :48:25. | |
I'm glad you brought that up, if we had done that it would have been | :48:26. | :48:29. | |
England wide, because the UK Government is only responsible for | :48:30. | :48:33. | |
England when it comes to business rates. The total costs would have | :48:34. | :48:36. | |
been a couple of billion but very little would have gone to the steel | :48:37. | :48:40. | |
industry, so it wouldn't have been well targeted and I prefer a more | :48:41. | :48:45. | |
targeted approach. When it comes to Port Talbot that is within the Welsh | :48:46. | :48:47. | |
government, not the government in London. Something everyone says, | :48:48. | :48:55. | |
potential buyers being put off by the huge pension problem, not | :48:56. | :48:59. | |
problem but the cost of the pension bill, could the government step in | :49:00. | :49:05. | |
and nationalise the pension side of it to make the plant more | :49:06. | :49:10. | |
attractive? Nobody is talking about the nationalisation of pension | :49:11. | :49:14. | |
schemes but it's something I recognise is a challenge. This is a | :49:15. | :49:18. | |
long-running pension scheme which goes back to the British steel base, | :49:19. | :49:22. | |
it was expensive the way it was initially set up and it's important | :49:23. | :49:27. | |
to retired workers and current workers and we don't want to do | :49:28. | :49:30. | |
anything which would jeopardise them and what they expect from it but | :49:31. | :49:33. | |
it's an issue and we have been looking at it and directed nice it | :49:34. | :49:37. | |
is one of the things we need to work on potential buyer. It is said the | :49:38. | :49:42. | |
German company wants to buy the whole lot so it can use the Dutch | :49:43. | :49:46. | |
plant that Tata operate and closed import all that, what would be your | :49:47. | :49:50. | |
message to them? -- closed import all that. Steel making continues in | :49:51. | :49:59. | |
Port Holbert as it has done for many years. -- Port Talbot. There is a | :50:00. | :50:12. | |
change in procurement rules which began months ago, when people say | :50:13. | :50:16. | |
that this government has not done anything about this until now, we | :50:17. | :50:21. | |
have been doing so much, we talk about energy compensation, we became | :50:22. | :50:26. | |
the first of the EU 28 countries to change our procurement policies to | :50:27. | :50:28. | |
allow for economic and social factors to be taken into account. | :50:29. | :50:34. | |
That makes it far more likely that when it comes to British purchases, | :50:35. | :50:38. | |
British government purchases in infrastructure for example that | :50:39. | :50:41. | |
British Steel will be used. That's already been happening when you look | :50:42. | :50:47. | |
at National rail 99% of its steel is British, Crossrail, the biggest | :50:48. | :50:51. | |
infrastructure structure in Europe, all British Steel. We both know the | :50:52. | :50:57. | |
big picture is the huge quantity of under priced, cut priced dumped | :50:58. | :51:03. | |
Chinese steel. That is a big problem. The Americans put up huge | :51:04. | :51:07. | |
tariffs to protect their steel industry and we have not done it, | :51:08. | :51:16. | |
you, have not -- have been leading the charge against tariffs on | :51:17. | :51:21. | |
Chinese steel. There is so much misinformation on this. This says | :51:22. | :51:28. | |
the UK is the ringleader in a blocking minority of states | :51:29. | :51:32. | |
preventing a proposal on the modernisation of Europe's trade | :51:33. | :51:36. | |
defence instruments. So much misinformation. Is that true? It is | :51:37. | :51:44. | |
misleading, let me explain why. First of all the UK has been the | :51:45. | :51:48. | |
leader in getting more done when there is evidence of dumping and | :51:49. | :51:54. | |
imposing tariffs. You have small specialist tariffs but they are tiny | :51:55. | :51:58. | |
compared to what the Americans... Let's look at the results of those | :51:59. | :52:03. | |
tariffs, where they have been introduced, tariffs were introduced | :52:04. | :52:06. | |
on Chinese wire rod and imports are down to virtually no in the UK. If | :52:07. | :52:12. | |
you look at stainless steel flat products, Harris introduce and | :52:13. | :52:16. | |
imports down 90%. The industry came to me about Rebar, and they wanted | :52:17. | :52:23. | |
tariffs imposed and I led the charge with Europe for that. They were | :52:24. | :52:28. | |
introduced months ago. It is clearly nothing like enough. This time last | :52:29. | :52:33. | |
year imports of Rebar from China are down 99%. We need more of it. The | :52:34. | :52:41. | |
tariffs which have been introduced are working but what I do agree with | :52:42. | :52:46. | |
is that the EU can work faster in its investigations. And we must help | :52:47. | :52:52. | |
the EU to raise tariffs if there is dumping. The current policy, the | :52:53. | :53:00. | |
tools in the box that the EU has are enough to introduce the tariffs but | :53:01. | :53:04. | |
they say you can have any tariff at any level as long as it removes the | :53:05. | :53:08. | |
injury to UK industry and that's what we want. Will we see higher | :53:09. | :53:14. | |
tariffs against Chinese steel? You will see them imposed more quickly | :53:15. | :53:20. | |
and tariffs which are effective. The head of the UK steel industry body | :53:21. | :53:24. | |
says this is a deeper crisis than we have seen for a generation, we need | :53:25. | :53:29. | |
to scrap the lesser duty rule, we need to see tariffs robust enough to | :53:30. | :53:32. | |
stem the flow of Chinese steel because he says we are drowning in | :53:33. | :53:37. | |
it. I think what everyone would agree with is that tariffs need to | :53:38. | :53:41. | |
be high enough to prevent the dumping, stop the injury and we 100% | :53:42. | :53:45. | |
agree with that and we have pushed for more action than any other EU | :53:46. | :53:50. | |
country. To finish off because you raised, the earlier court, what that | :53:51. | :53:55. | |
is talking about, other countries often talk about a wholesale | :53:56. | :53:58. | |
re-writing of the tariff rules and that is not about steel, that is | :53:59. | :54:02. | |
about having a more protectionist Europe which is in no 1's interest, | :54:03. | :54:09. | |
not businesses or consumers. You are a free trader, you talk about free | :54:10. | :54:14. | |
trade in as D'elia, you would accept it's not free trade, the Chinese are | :54:15. | :54:17. | |
subsidising their steel to the extent they are destroying cars and | :54:18. | :54:22. | |
tariffs are acceptable. There have been many examples, we should level | :54:23. | :54:28. | |
the playing field with the right level of tariffs, no question about | :54:29. | :54:32. | |
that. Would it be easier to save the industry if we were not inside the | :54:33. | :54:38. | |
EU? No, if you listen to the industry itself, the head of UK | :54:39. | :54:43. | |
steel said a couple of days ago because people were suggesting that | :54:44. | :54:46. | |
was the case and I don't know where it comes from but he wanted to make | :54:47. | :54:51. | |
it clear that F, he said it is a distraction and if Britain left the | :54:52. | :54:55. | |
EU the steel industry and he believes more widely industry would | :54:56. | :55:00. | |
be worse off. I was reading your statement about why you are remain | :55:01. | :55:04. | |
supporter and I don't think I have ever read more begrudging, self | :55:05. | :55:09. | |
lacerating assessment, you said you don't like Europe or being part of | :55:10. | :55:14. | |
it and if we were starting now we should not join, but on balance it's | :55:15. | :55:20. | |
just about better to stay. Your side of the argument seems to be losing | :55:21. | :55:27. | |
and even David Cameron's great collection guru Lynton Crosby thinks | :55:28. | :55:30. | |
there is a strong possibility of the remain side losing the referendum, | :55:31. | :55:34. | |
are you not heading towards a self-made catastrophe? I think | :55:35. | :55:39. | |
Jeremy Irons is proof that the vast majority of people in Britain have | :55:40. | :55:43. | |
had a think about this carefully. The result of a referendum, who | :55:44. | :55:47. | |
knows what it will be but I am pleased we are having it. I think | :55:48. | :55:50. | |
it's the right decision and I would like us to remain and I have set out | :55:51. | :55:55. | |
the arguments, especially economic arguments but it's a decision for | :55:56. | :56:00. | |
British people. There is no sense of creeping panic in the remain | :56:01. | :56:05. | |
campaign? No, this has not been argument about what makes Britain | :56:06. | :56:09. | |
successful, it is what makes Britain better off, I think Britain can be | :56:10. | :56:13. | |
successful either way but it is what is in the best interest of our | :56:14. | :56:16. | |
prosperity and mixers most prosperous and for me the answer is | :56:17. | :56:21. | |
clear. We have heard from a Sajid Javid the politician, a lot of | :56:22. | :56:25. | |
people are saying you are a hardline Thatcherite free-market coming from | :56:26. | :56:31. | |
a financial background and don't care about manufacturing or the | :56:32. | :56:34. | |
steel industry in particular, what do you say to those people? That it | :56:35. | :56:39. | |
couldn't be further from the truth. Judge me what I have actually done | :56:40. | :56:44. | |
in the few months I have had this job, coming up a year. Look at the | :56:45. | :56:50. | |
fiscal statements we have had and how it represents the policy of my | :56:51. | :56:54. | |
department, in the first budget in June I introduced the apprenticeship | :56:55. | :56:59. | |
leading. Many people called it one of the most interventionist policies | :57:00. | :57:03. | |
there has ever been in the space of skills and that's an example of how | :57:04. | :57:07. | |
I want to turn skills around. When it came to the spending review, more | :57:08. | :57:12. | |
money for the auto industry, the aerospace industry and a big change | :57:13. | :57:17. | |
in how weak operate with industry. Thank you very much. | :57:18. | :57:19. | |
Now over to Ben for the news headlines. | :57:20. | :57:24. | |
The Business Secretary has been addressing criticism that the | :57:25. | :57:29. | |
government failed to do more to safeguard the UK steel industry, | :57:30. | :57:33. | |
Sajid Javid said he would offer state support to clinch the right | :57:34. | :57:39. | |
commercial buyer for Tata steel British operations. He also said the | :57:40. | :57:43. | |
government does not believe nationalisation is the answer. John | :57:44. | :57:46. | |
McDonnell criticised the government for not having an industrial | :57:47. | :57:50. | |
strategy and said short-term nationalise Asian would help to | :57:51. | :57:54. | |
stabilise the current situation. -- nationalisation. | :57:55. | :58:04. | |
We will be asked if the minimum wage is a mixed blessing and is the | :58:05. | :58:10. | |
anti-terrorism strategy in schools backfiring? And witchcraft, do we | :58:11. | :58:17. | |
understand it? We have which is here to help us debate it. -- we have | :58:18. | :58:21. | |
which is. Next week I'll be joined | :58:22. | :58:23. | |
by the incomparable We leave you now with the piano duo, | :58:24. | :58:27. | |
Charles Owen and Katya Apekisheva. Their new Stravinsky | :58:28. | :58:32. | |
recording came out on Friday, and they're going to play us out | :58:33. | :58:35. | |
with Faure's Dolly Suite, | :58:36. | :58:39. |