29/09/2011 This Week


29/09/2011

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Hi-de-hi, campers. Ho-de-ho, Providing the entertainment, chief

:00:19.:00:24.

redcoat Ed Miliband. Did he live up to his star billing? Andrew

:00:25.:00:29.

Rawnsley gives his verdict. Miliband has been Labour leader for

:00:29.:00:34.

12 months. There are still voices saying he is out of his depth. The

:00:34.:00:38.

Labour leader had to prove them wrong in his big speech. The wrong

:00:38.:00:42.

sort of entertainment in the eurozone, as politicians scramble

:00:42.:00:47.

to put on a show. Financial guru Alvin Hall says it is time for

:00:47.:00:51.

campers to wake up and smell the coffee. We cannot continue to pull

:00:52.:00:56.

the blankets over our heads about his financial crisis. It is not

:00:56.:01:00.

someone else's Responsibility. We need to take action without own

:01:00.:01:07.

money today. Bad behaviour in the holiday chalet. His bullying rife?

:01:07.:01:12.

Nicola Roberts from Girls Aloud fights back. I think bullying is

:01:12.:01:16.

out of control and something needs to be done about it. And topping

:01:17.:01:21.

the bill, TV legend Sir David Frost, whose interrogation of President

:01:21.:01:27.

Nixon has been voted the greatest broadcast interview ever.

:01:27.:01:37.
:01:37.:01:47.

someone once said, hello, good Evenin' all folks, welcome to This

:01:47.:01:50.

Week, a week that's witnessed the fabled Labour spin machine in full

:01:50.:01:56.

conference flow. The first job for the party's PR wizards was a nose

:01:56.:02:00.

job. Specifically, killing off any plastic surgery jokes about Ed

:02:00.:02:03.

"Putin" Miliband's recent nose job by getting him to crack some

:02:03.:02:10.

terrible plastic surgery jokes about his recent nose job! As in

:02:10.:02:16.

"Ed Nose Day". Clever stuff, indeed! A "nose" job well done.

:02:16.:02:22.

After that, the PR "successes" came thick and fast. Show that Ed has no

:02:22.:02:24.

intention of winning three elections by getting the conference

:02:24.:02:29.

to boo Tony Blair. Check. Show that Ed's from the wrong side of the

:02:29.:02:33.

tracks by claiming his school in chi-chi Primrose Hill was in "a

:02:33.:02:43.
:02:43.:02:48.

tough area". Double check. Get the media on your side by having your

:02:48.:02:50.

culture spokesman advocate journalists be registered and

:02:50.:02:56.

needing a licence. Triple check. Make sure Ed's keynote speech isn't

:02:56.:02:59.

overshadowed by giving the platform to a precocious adolescent who

:02:59.:03:03.

claims he was brought up in a show in the middle of a roundabout, but

:03:03.:03:10.

turns out to be the son of a millionaire. Quadruple check! Some

:03:10.:03:13.

crazy people are even saying the young child prodigy with the page

:03:13.:03:15.

boy haircut who wowed the conference could become party

:03:16.:03:20.

leader one day. But if Yvette Cooper is the answer, what the hell

:03:20.:03:25.

is the question? Speaking of those who know exactly how to turn off

:03:25.:03:28.

the electorate, I'm joined on the sofa tonight by the cold shower and

:03:28.:03:33.

fun sponge of late night political chat. I speak, of course, of

:03:33.:03:43.
:03:43.:03:43.

Michael Portillo and Alan Johnson. Hello, both. Your moment of the

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week. I was talking to a philosopher on air about the euro

:03:47.:03:51.

crisis and he made a point that has not occurred to me before. All this

:03:52.:03:57.

stuff about rescuing Greece, it is not rescuing Greece, but rescuing

:03:57.:04:01.

the bankers who lent to Greece. We are transferring the burden from

:04:01.:04:07.

bankers who chose to lend to Greece, to taxpayers who did not choose to

:04:07.:04:10.

lend to Greece. It occurs to me there are two other things being

:04:10.:04:15.

saved, and Greece is not one of them. We are also trying to save

:04:15.:04:20.

the euro, and the real thing we are saving his the reputations of all

:04:20.:04:24.

the European politicians that rest upon the construction of the euro

:04:24.:04:27.

because they told us it was a good thing. Those are the things we have

:04:27.:04:33.

been saving, not Greece. You have been thinking a lot. It is not good

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for you. Mind is a raw political moment, being on site at the BAE

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plant just outside my constituency when 900 men, highly skilled

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engineers, were told they were being made redundant and that 100

:04:47.:04:51.

years of building aeroplanes on the Humber was to finish. And the kind

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of jobs we are meant to be wanting more of. And we suspect that the

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Hawk, this iconic British plane that the Red Arrows use, the plans

:05:01.:05:08.

are to build it in America, we suspect. I had a moment which was

:05:08.:05:12.

the news today that those doctors and nurses who looked after the

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patients who had been hit by the rioting in Bahrain have been sent

:05:17.:05:23.

to jail. Up to 15 years in some cases.

:05:23.:05:26.

Yet more turmoil in the world economy this week, and as it moves

:05:26.:05:30.

closer to home, what exactly are our options? Other than hitting the

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Blue Nun and turning off the news, that is, which is the official

:05:34.:05:37.

policy of this programme. Well, all may not be lost just yet. We've

:05:37.:05:40.

found our very own knight in shining financial armour - money

:05:40.:05:45.

guru Alvin Hall. Here's his take on what we - yes, that's you and me -

:05:45.:05:55.
:05:55.:05:57.

should do, to prepare ourselves for the impending financial crisis.

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Phew cannot seem to turn on the television today, or open a

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newspaper and not hear about the world's financial crisis. -- you

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cannot seem to. From bankers to economists, President's two prime

:06:09.:06:12.

ministers, they are all talking about the problems associated with

:06:12.:06:16.

quantitative easing, stock market volatility, sovereign debt and the

:06:16.:06:21.

savings ratio. To most of us, these are abstract concepts that seemed

:06:21.:06:29.

to have nothing to do with the lives we live day-to-day. But let

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me tell you this, these things can affect our lives in ways that are

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unexpected and that would not have occurred in the past. Why? Because

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we live in a global economy. This is not just a looming financial

:06:43.:06:46.

crisis in Greece and the eurozone. If it continues, it will affect us

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all, whether we are rich or poor. I do not mean to frighten you, but

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what we are seeing is a result of year on year excessive borrowing by

:06:59.:07:03.

governments, corporations and individuals. And now it is payback

:07:03.:07:09.

time. Salaries will be frozen or cut. Profits will be reduced, and

:07:09.:07:19.
:07:19.:07:24.

margins will be squeezed. So what should be done? Politicians

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are trying to put into effect policies to help to ease the effect

:07:28.:07:32.

of the crisis. President Obama is trying to help those in the United

:07:32.:07:36.

States that have been hardest hit, and politicians across Europe are

:07:36.:07:40.

trying to do the same thing. But the answer really relies upon each

:07:40.:07:45.

of us individually and how we handle our finances. There is no

:07:45.:07:49.

magical solution. The answer is really quite simple. Handle your

:07:49.:07:58.

money prudently, and build yourself a cash cushion. In difficult times,

:07:58.:08:03.

we all need to have cash, or an asset that we can quickly turn into

:08:03.:08:08.

cash. It can be your safety net, just in case you lose your job, or

:08:08.:08:14.

your salary is reduced. Now, I know there are people saying, I am

:08:14.:08:19.

already living on reduced means and having a hard time making ends meet.

:08:19.:08:23.

But you know what, you need to spend more thoughtfully and look

:08:23.:08:28.

for ways to save. You don't have to live on bread and water alone, but

:08:28.:08:31.

you can live on things you like by being more prudent with your

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spending. Alvin Hall joins us from that

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supermarket in central London, to our supermarket of ideas in

:08:41.:08:46.

Westminster. You are saying that despite the wall-to-wall coverage

:08:46.:08:52.

of this on the news channels and newspapers, the public still do not

:08:52.:08:56.

think they are going to be affected? No, if you look at

:08:56.:09:01.

newspapers they talk about property prices being up in London. People

:09:01.:09:05.

are feeling very secure, taking elaborate holidays. A lot of people

:09:05.:09:09.

feel it is a problem across the pond. When I come to London and

:09:09.:09:14.

England, I still get a sense that people do not quite see the depth

:09:14.:09:18.

of the crisis and how it could affect their lives. Do you think

:09:18.:09:22.

part of that is that the language that politicians and financial

:09:23.:09:27.

experts used, even journalists covering it, that it hampers

:09:27.:09:31.

understanding? That is one of the things, but I also think that a lot

:09:31.:09:35.

of the journalism is 2020 hindsight, looking at why we didn't go into

:09:35.:09:38.

the euro, why we made a great decision, not looking forward at

:09:39.:09:45.

the impact of the crisis. One of the things I have noticed is that

:09:45.:09:49.

you can now watch world markets moving in unison a lot of the time.

:09:49.:09:53.

One market is down, the next market is down, then one is up and the

:09:53.:09:57.

next one is of, a domino effect. You have a volatility in the

:09:57.:09:59.

marketplace and it is based on whether or not there is an

:09:59.:10:03.

agreement coming through that will lead to some unity, some support

:10:03.:10:07.

for the euro. I keep saying the crunch is about to come and yet

:10:08.:10:11.

they live to fight another day. When is it going to come, in your

:10:11.:10:16.

view? I will consult my crystal ball, my tea leaves, and I will

:10:16.:10:20.

tell you tomorrow. I think that is the thing that is so unusual about

:10:20.:10:25.

this. This there is no script for this. We have never been in a

:10:25.:10:30.

position like this. Exactly. People are looking for economists and

:10:30.:10:33.

experts to come up with the days something is going to happen, and

:10:33.:10:37.

it is not going to happen. What I am worried about four more people

:10:37.:10:40.

is that they are not planning for the fact that it could happen in

:10:40.:10:44.

their lives, it could affect their lives in some way that they do not

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expect because it is a global economy. Do you buy that line,

:10:49.:10:53.

Alan? If there was that independent trader in the week who said the

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world was not run by governments any more but it was run by Goldman

:10:56.:11:05.

Sachs. Was he for real? He has half the

:11:05.:11:09.

respondents saying that he was telling the truth. I think actually

:11:09.:11:13.

people in this country understand much more about this because they

:11:13.:11:18.

are feeling the effects. Having gone through this after 2008 with

:11:18.:11:23.

Lehman Brothers, most people thought it was behind them but

:11:23.:11:28.

actually there is a worse crisis looming. Maybe you need to pass on

:11:28.:11:32.

that primary economics you used to talk about. I can talk about the

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paradox of thrift, which militates against you telling people not to

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spend money. You made it to page two! Michael, you have left people

:11:45.:11:51.

in no doubt on this programme that you think it is really serious. But

:11:51.:11:55.

do you think the British still think they will be largely immune?

:11:55.:11:59.

Yes, I think of them all is right about that. There are two things

:11:59.:12:04.

about Britain which are different. One, we have been able to devalue,

:12:04.:12:07.

which no country inside the euro has been able to do and that has

:12:07.:12:12.

made our lives easier. Also, because the coalition has been

:12:12.:12:16.

taken seriously, we are able to borrow money cheaper than these

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other countries, able to fund the deficit. Money is flooding into

:12:20.:12:25.

London. We are not facing a reduction in our credit rating. So

:12:25.:12:30.

there are couple of objective differences. That said, yes, if the

:12:30.:12:32.

euro goes down the pan, Britain will feel the effects are very

:12:32.:12:37.

badly indeed. I have to ask this question because I was watching the

:12:37.:12:42.

news coverage today and the News Channel of the BBC, live at the

:12:42.:12:46.

German parliament for a vote. The vote was about the German

:12:46.:12:50.

parliament agreeing to a bail out of 440 billion euros, when

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everybody knows that it needs two trillium. Come the politicians fix

:12:56.:13:05.

this? -- can they fix it? They are working on two fronts. First, they

:13:05.:13:08.

are trying to convince the people who put them in office that it is

:13:08.:13:12.

the right thing to do. And then they work on a PR front, what can

:13:12.:13:16.

we do to show that we are looking forwards? The third front is, how

:13:16.:13:19.

can we get the newspapers on our side so they will write positive

:13:20.:13:24.

stories about this? That is a combination of PR and taking a

:13:25.:13:30.

series of small steps that seemed to be leading someplace. But if you

:13:30.:13:34.

know you need that much, why are you just allocating a fraction of

:13:34.:13:38.

it? Some people say the markets will take it into their own hands.

:13:38.:13:43.

Yes, they will drop or rise in response. But much of that is

:13:43.:13:48.

driven by speculation. That is a lovely Economic. But what has

:13:48.:13:50.

happened in Germany is that politicians persuaded the people to

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give up the German mark, which was a hard, substantial currency. They

:13:55.:13:59.

said, you will not suffer any discomfort at all. We are not going

:13:59.:14:03.

to bail anybody out, you will not put your hand in your pocket for

:14:03.:14:07.

any other country. They are breaking these promises. The only

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difference, whether they ask them for 400 billion, or two Trulli and.

:14:15.:14:21.

Maybe you are part of the problem. You said we should cap spending in

:14:21.:14:25.

preparation for the crash. If we all do that, it will certainly

:14:25.:14:30.

throw us into recession. I was actually very careful about that

:14:30.:14:34.

when we were shooting the breeze. I did not want to say people should

:14:34.:14:40.

always cut spending. I think it is important for people to have a

:14:40.:14:44.

financial safety net during this type of crisis. I have had friends

:14:44.:14:48.

who have been laid off from jobs. I have had friends whose income from

:14:48.:14:53.

business has dropped by 70%. I have had other friends who had a job one

:14:53.:14:56.

day and not the next. These people need something to keep them going

:14:56.:15:00.

until the next opportunity comes along. People need money and the

:15:00.:15:05.

bank. Yes, cash is not earning that much in the bank, but do you want

:15:05.:15:09.

to be exposed to the volatility of the stock market, or to know that

:15:09.:15:12.

you have something they're so that when the crisis hits, if it should,

:15:12.:15:21.

you can go on for up to nine If there is a flight to cash, which

:15:21.:15:26.

is what happens, that implies that the banks system is not safe again.

:15:26.:15:33.

Now remember that week in Lehman Brothers, you were worried? I was

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speaking to a German business, he has a vault in his office in which

:15:36.:15:41.

he keeps cash. He was aware in the week of the Lehman Brothers there

:15:41.:15:45.

is what a plan in Germany to close the banks, in other words, you

:15:45.:15:50.

could not go to the bank to draw automoney. In such an emergency

:15:50.:15:54.

plan it may exist in the future. It is not so much a question of having

:15:54.:15:59.

money in the bank, it is whether or not you have cash in the house.

:15:59.:16:02.

Where are you stashing your cash? won't tell you.

:16:02.:16:08.

I will put a stocking over my head and go around and get it. We do

:16:08.:16:12.

know what needs to be done. Greece has to take a massive default, the

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banks to be recapitalised and the liquidity pumped into the system?

:16:18.:16:22.

Exactly. But the Prime Minister of

:16:22.:16:26.

Luxembourg said we all know what we have to do, but we don't know how

:16:26.:16:30.

to do it. They do need a sensible and

:16:31.:16:36.

measured way for Greece to default and to recapitalise the banks. For

:16:36.:16:41.

Germany, it is one step at a Tim and let's not forget the political

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consequences of this. I was told that Martin McGuinness could do

:16:44.:16:48.

well in the Irish presidential elections as he will go on a

:16:48.:16:52.

nationalist ticket. And Le Pen in France will do well.

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The political fall-out from this. Exactly. Alvin, great to have you

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on the show. Now, did you know that women in

:17:03.:17:07.

Saudi Arabia are not allowed to vote -- are allowed to vote, but

:17:07.:17:14.

still not allowed to watch This Week. So, count your blessings,

:17:14.:17:19.

here is what they are missing, not only Sir David Frost but Girls

:17:19.:17:27.

Aloud singing star, Nicola Roberts. Don't forget the viewers' comments

:17:27.:17:32.

area for angry people who refuse to watch the show post their angry

:17:32.:17:37.

reasons for refusing to watch the show. As always, the price of a

:17:37.:17:46.

sparkling wine will be sparkling on Twitter much to the by wilderment

:17:46.:17:56.

of the Blue Nun office. The This Week team have had a joy

:17:56.:18:06.
:18:06.:18:06.

to sit through five days of riveting daily and daily arguments

:18:06.:18:14.

while some like Harriet Harman bung off to the beach. You here is ance

:18:14.:18:18.

drew -- you guessed right, here is Andrew redundancy by with his

:18:18.:18:28.
:18:28.:18:41.

At the general elections 16 months ago, the tide went out on Labour.

:18:41.:18:46.

The party going down to its second worst defield since the Second

:18:46.:18:50.

World War. The figures of their era in government swept away. There has

:18:50.:18:55.

been no sight and barely a mention of a Tony Blair Oregon here on

:18:55.:19:00.

Merseyside. The question is, is a new leadership with a ceb plan for

:19:00.:19:04.

power emerging -- with are credible plan for power emerging from the

:19:04.:19:14.
:19:14.:19:18.

waters? One of the very biggest challenges for Labour is rebuilding

:19:18.:19:22.

its credibility on the economy. A part of doing that is ed a

:19:22.:19:27.

mything to some of its mistakes in government. So Shadow Chancellor,

:19:27.:19:32.

Ed Balls, and not a man to whom contradition comes that easily,

:19:32.:19:41.

confessed to some errors. The 75 p pension rise what a

:19:41.:19:46.

mistake, so was abolishing the tax rate. We did not spend every pound

:19:46.:19:51.

very well. And the banks have caused grows

:19:51.:19:56.

irresponsibility here in Britain and around the world. We made a

:19:56.:20:02.

mess, please elect us again. The idea is this, if Labour is

:20:02.:20:06.

willing to concede some of its mistakes, they hope that the verts

:20:06.:20:10.

are -- voters with willing to listen to some of their attacks on

:20:10.:20:13.

the coalition. Trying to get the deficit down

:20:13.:20:19.

faster. Choking off the recovery at the same time, those are not

:20:19.:20:23.

Labour's mistakes it they are David Cameron's mistakes and George

:20:23.:20:33.

Osborne's mistakes and Nick Clegg's mistakes.

:20:33.:20:37.

Personally, I like political speeches that have an argument,

:20:37.:20:41.

even if I don't agree with all of the argument, that's the sort of

:20:41.:20:45.

speech I like. Ed Miliband's speech to the Labour Conference certainly

:20:45.:20:50.

had lots of argument. But let me tell you what the 21

:20:50.:20:57.

century choice is, are you on the side of the wealth creators or the

:20:57.:21:00.

asset stripers? The producers or the creditors, producers train,

:21:00.:21:05.

invest, invent, sell. Things that Britain does brilliantly, but not

:21:05.:21:09.

enough. Creditors are interested in the fast buck. Taking what they can

:21:09.:21:16.

out of the business. He also introduced personal touches

:21:16.:21:20.

to convince sceptical voters you could be the son of a Marxist

:21:20.:21:23.

academic and work for Gordon Brown for many years and still remain

:21:23.:21:28.

human. The doctors tell me the operation

:21:28.:21:37.

was a phenomenal success! He a deviated sent um, it needed

:21:37.:21:40.

repoiinging, typical Labour leader, as soon as he is elected,

:21:41.:21:46.

everything moves to the centre! was not the sort of mesmerising

:21:46.:21:51.

speech that Tony Blair at his best could deliver. I asked several

:21:51.:21:56.

senior Labour figures if Ed Miliband could grow into being a

:21:56.:22:03.

great orator, I tended to get this response... My message to the

:22:03.:22:13.
:22:13.:22:25.

A power failure inside the conference centre interrupted the

:22:25.:22:29.

live showing of the speech, but most people watched the highlights,

:22:29.:22:34.

but what does matter is this, when it comes to making big speeches,

:22:34.:22:38.

his talent is, let us say, a work in progress.

:22:38.:22:44.

When I heard this in the debate, I understand this, but it wouldn't be

:22:44.:22:49.

responsible to make promises I can't keep. That's Nick Clegg's

:22:49.:22:59.
:22:59.:23:05.

job! The message has potential, but the messenger still has lots of

:23:05.:23:10.

work to do coming out with plausible policies and winning over

:23:10.:23:15.

a mistrusting electorate. If he fails, well, then, someone else

:23:15.:23:18.

will be the next Labour Prime Minister, perhaps this 16-year-old

:23:18.:23:24.

who wowed the conference. I owe my entire well being and my

:23:24.:23:29.

family's to the welfare state. That is why I joined the Labour Party,

:23:30.:23:35.

but that same welfare state is being ruthlessly ripped apart by a

:23:35.:23:39.

right-wing government. David Cameron's conference is not

:23:39.:23:44.

far from here next week. Only a fool or a liar would

:23:44.:23:48.

confidently predict which way the tide will turn. I'll say this, the

:23:48.:23:58.
:23:58.:24:01.

From the beach back to our studio, with that living ledge thaend is

:24:01.:24:05.

broadcaster David Frost. Welcome. What a week.

:24:05.:24:09.

We have waited for years. Now we have got you.

:24:09.:24:16.

It is a privilege to be here. Now, I spent the week in Liverpool

:24:16.:24:21.

interviewing various politician, you spent a career interview k

:24:21.:24:26.

every Prime Minister, several Presidents, Mikhail Gorbachev,

:24:26.:24:29.

Vladimir Putin. When you interview them in their early careers can you

:24:29.:24:34.

spot a leader in the making? not sure. There are certain things

:24:34.:24:41.

if you see someone who conagain etally all the while is kissing

:24:41.:24:46.

babies, you know he is training for leadership. Certainly you can tell

:24:46.:24:50.

almost invariably, afterwards. I don't know about you. People who

:24:50.:24:54.

have been in power are in some way slightly different. They carry

:24:54.:24:58.

themselves slightly differently and so on. If you looked at David

:24:58.:25:01.

Cameron, he carries himself slightly differently now than he

:25:01.:25:06.

did two or three years ago, so on and so forth. You can see that

:25:06.:25:10.

after, when they have had power or have power. Spotting it really is

:25:10.:25:16.

difficult. It is ambition. I mean the two things politicians need to

:25:16.:25:19.

be leaders is trust, obviously and competence.

:25:19.:25:27.

Both of those things. In America they are very, very clever. Leaders

:25:27.:25:31.

prepare themselves. One thing that our leaders don't do is self

:25:31.:25:35.

deprication. You can get away with anything in America if you use self

:25:35.:25:39.

deprication. That is not a technique that is used here as

:25:39.:25:43.

often as they ought to, really. Have you ever got it wrong? Have

:25:43.:25:47.

you ever interviewed somebody and thought they are never going to

:25:47.:25:52.

make it and they ended up the President or the Prime Minister or

:25:52.:25:56.

important? Well, I, John Lindsey in New York, the other way around,

:25:56.:26:03.

really. He was republican, of course, he looked like JF Kennedy.

:26:03.:26:08.

He looked like the republican's answer to John F Kennedy. We all

:26:08.:26:13.

thought he was, that he must be, but as one interviewed him, one

:26:13.:26:18.

found for some reason you know that the Mantell didn't come off and the

:26:18.:26:23.

frank person did not come through and he never delivered what

:26:23.:26:28.

everybody, all of us in the media thought that he was the certain to

:26:28.:26:33.

the leader, the bizarre thing is that taxi drivers in New York hated

:26:33.:26:37.

him. Eight years afterwards, I remember being in a taxi, eight

:26:37.:26:45.

years after he creased to be the Mayor and the taxi driver said to

:26:45.:26:53.

me, "That bloody Lindsay..." And he lost. He was incredibly handsome,

:26:53.:26:59.

he throst a little, fattings balding Italian, whose campaign

:26:59.:27:07.

slogan was: Had enough of charisma? I was on Question Time with robin

:27:07.:27:11.

Day in 1987 with Tony Blair. Tony Blair had just come into Parliament.

:27:11.:27:16.

I had come into Parliament recently. When we were assembling for the

:27:16.:27:22.

programme, I could tell that Robin Day was in a filthy mood. I asked

:27:22.:27:28.

the editor what was wrong with him. She said he was cross as he had

:27:28.:27:34.

hefrnaerd of -- heard of the panellists on the show! How big a

:27:34.:27:39.

disadvantage is it, Alan, that many, many people, according to the polls

:27:39.:27:42.

just can't imagine Ed Miliband as the Prime Minister? I don't think

:27:42.:27:47.

it is a disadvantage at this stage. If you look at how many people

:27:47.:27:50.

thought that Margaret Thatcher would be a good Prime Minister when

:27:50.:27:54.

she was a year into the opposition, there were not many.

:27:54.:27:58.

You cannot judge Tony Blair and David Cameron. They came in after

:27:59.:28:04.

four election defeats, and three election defeats in Cameron's case.

:28:04.:28:08.

So coming in straight after an election defeat it is really

:28:08.:28:11.

difficult. I really, really liked Ed Miliband's speech this week.

:28:11.:28:16.

Did you like it for the way that he delivered or for the message?

:28:16.:28:23.

tell you why, he needed to do a sketch, not a painting. It was a da

:28:23.:28:29.

Vinci cartoon, not a Mona Lisa. He needed to set out a left of centre

:28:29.:28:32.

perspective of the cames that we live in. He didn't need to set out

:28:32.:28:39.

a shopping list, that would be wrong, but he did that, he did it

:28:39.:28:43.

with authenticity. You cannot ask for me at the end of your first

:28:43.:28:46.

year as the Leader of the Opposition.

:28:46.:28:50.

But Michael, as the Tories found out the hard way with William Hague

:28:50.:28:53.

and Iain Duncan Smith, sometimes the public gets an impression in

:28:53.:29:00.

its mind from the start, you then cannot shift it? I agree. Leader of

:29:00.:29:03.

the Opposition go into nose dive and you are unable to pull out of

:29:03.:29:08.

it. That is characteristic of William Hague and Ed Miliband. I

:29:08.:29:12.

think that Margaret Thatcher was a completely different case. She was

:29:12.:29:14.

clearly from the start an extraordinary individual. It was

:29:14.:29:19.

not a question of whether she had the talent, the charisma, the drive,

:29:19.:29:24.

the dynamism, she had it all, but could you elect that package of

:29:24.:29:34.
:29:34.:29:36.

Maybe there is hope for Ed Miliband, if you look back to the whole News

:29:36.:29:41.

of the World affair. For that period, he revived. His poles went

:29:41.:29:46.

up, people respected him for his stance. Since then, they have gone

:29:46.:29:53.

down again. But I don't think you can write "finished" on his career.

:29:53.:30:00.

That would be absurd. But in this age of TV, of will people listen to

:30:00.:30:09.

a message if they do think the messenger is a bit weird? I found

:30:09.:30:13.

that word "weird" in the papers this week rather weird. I had not

:30:13.:30:18.

been expecting to see that. I don't think if they thought people really

:30:18.:30:24.

were weird, I think the personality has got to come through. I think it

:30:24.:30:28.

has to come through to be - Trust and competence are the two things

:30:28.:30:35.

that matter. There has to be trust. As you say, with a weird person,

:30:35.:30:41.

trust would be rather difficult. You were regarded as one of the few

:30:41.:30:47.

frontline politicians that was normal. Is it a problem for Ed

:30:47.:30:52.

Miliband - a weird is kind of an insulting word - but he is not

:30:52.:30:58.

regarded as normal in the way people regard you as normal. Down

:30:58.:31:03.

to earth. Perhaps they do not know him as well. I was around for much

:31:03.:31:10.

longer. He is not weird at all. He is a decent human being who looks

:31:10.:31:16.

very good in a suit, by the way, if we are going by those descriptions.

:31:16.:31:20.

He is putting the Tony Blair, Gordon Brown era behind him and

:31:20.:31:23.

saying, I do not want to do what Cameron did, going to the Arctic

:31:24.:31:29.

with huskies, and I do not want the spin of Tony Blair. This is what I

:31:29.:31:35.

believe. It is very important -- authentic, and it is important for

:31:35.:31:38.

the electorate. The weird stuff comes from people who are

:31:38.:31:41.

viscerally hostile to Ed Miliband and Labour and whatever he does

:31:41.:31:47.

they would be saying that. I think he has struck a chord. He set a

:31:47.:31:51.

very high bar, because at conferences e did not say, I am

:31:51.:31:54.

unknown and untried but I would like you to vote for me, I want to

:31:54.:31:59.

be the next Government, he is saying more than that. He said, and

:31:59.:32:04.

the era has come to an end and I represent a completely new way of

:32:04.:32:08.

doing things. For someone who is yet to convince that he could run

:32:08.:32:14.

the country on a day-to-day basis, that is a big ask. Well, he set out

:32:14.:32:18.

the left of centre vision for how he sees the world developing after

:32:18.:32:24.

this enormous crisis. But he does not admit to left of centre, does

:32:24.:32:34.
:32:34.:32:40.

he? He is worried about being -- red Ed Miliband. But we do need

:32:40.:32:47.

a left of centre idea. His big idea is predators of verses producers.

:32:47.:32:53.

If you take that into financial services, Adair Turner said that a

:32:53.:32:57.

lot of what financial-services do is useless. There is a big debate

:32:57.:33:02.

about what society we want. Except the taxes that they paid just pay

:33:02.:33:06.

for all the schools and hospitals. Not the old debate about communism

:33:06.:33:10.

against capitalism. It is capitalism, but people do not want

:33:10.:33:14.

this rapacious, promiscuous capitalism they are seeing at the

:33:14.:33:20.

moment. I think there is a point there. There are different sorts of

:33:20.:33:24.

capitalism. When he says there are family businesses which are quite

:33:24.:33:27.

patrician and they put stuff back, and others who are coming in and

:33:27.:33:30.

making a quick buck and disappearing, ripping the heart out

:33:30.:33:35.

of Southern Cross, those care homes, for example, that is true. What I

:33:35.:33:39.

thought was extraordinary about his speech was the amateur nature of

:33:39.:33:44.

the bits that mattered. How could that line, and not Tony Blair, I am

:33:45.:33:49.

not Gordon Brown, I am my own man, how could that have gone well? What

:33:49.:33:53.

was the correct reaction from the audience? Were they meant to cheer,

:33:53.:33:58.

saying they did not like Tony Blair? There should not have been a

:33:58.:34:04.

pause. I do not think anybody was in any doubt that he is not Tony

:34:04.:34:10.

Blair. On a number of different levels! I do not understand all

:34:10.:34:17.

that stuff about good firms and bad firms. How do you decide that?

:34:17.:34:21.

spent the whole week - other than Southern Cross and Rolls-Royce, I

:34:21.:34:25.

spent the whole week trying to work out who were the producers and who

:34:25.:34:28.

were the predators. I speak as a failed man. What will David Cameron

:34:28.:34:36.

be thinking watching one of this? He will be well satisfied. Although

:34:36.:34:40.

Allen makes a good defence of it, on the whole the press was hostile.

:34:40.:34:45.

The Daily Mail said it was impressive. The Daily Mail said it

:34:45.:34:53.

was impressive. I must have missed that. The frost-Nixon interviews,

:34:53.:34:58.

voted the world's greatest ever interview. They obviously did not

:34:58.:35:03.

see me and Diane Abbott on private schools. Fantastic! And they are

:35:03.:35:11.

showing them again this weekend. is a real thrill, on BBC Two it is

:35:11.:35:14.

Frost-mixer night on Saturday night. There is an interview with Joan

:35:14.:35:21.

Bakewell, who is brilliant. -- Frost-Nixon. And then the actual

:35:21.:35:25.

real Watergate interview, and then the movie. It is right that there

:35:25.:35:29.

came a moment when you knew he wanted to confess, you knew that he

:35:29.:35:35.

wanted to tell you the whole thing? No. I don't think I knew that until

:35:35.:35:39.

he did. I knew that I wanted to get into, but until it happened, I did

:35:39.:35:44.

not fully believe it. I was determined, I was optimistic, but

:35:44.:35:49.

until it actually happened... And at the end of that two and a half

:35:49.:35:54.

hours, we were both drenched with exhaustion at the end of it.

:35:54.:35:57.

will have to leave it there but I will be watching on Saturday night.

:35:57.:36:01.

Great to have you on the programme. Now you have to come back. It is a

:36:01.:36:05.

pleasure. Now, we know what it's like to be

:36:05.:36:08.

the victim, forever dodging the journalistic jocks from Newsnight

:36:08.:36:11.

and Today who swan around like they own the place, copying our scripts,

:36:11.:36:15.

poking fun at our graphics, giving us wedgies in the BBC locker room!

:36:15.:36:18.

Damn you, Humphreys! We may be mocked as the seven-stone weakling

:36:18.:36:21.

of political programmes, but when Scotland Yard this week demanded we

:36:21.:36:24.

hand over footage of blatant criminal behaviour we refused to be

:36:24.:36:29.

intimidated. So what if Michael's fashion crimes that are his shirts

:36:29.:36:34.

prove Britain is broken? Don't expect us to grass him to the feds.

:36:34.:36:44.
:36:44.:36:50.

But we are prepared to put bullying She had some texts from a number

:36:50.:36:54.

she did not recognise, basically saying, we are watching you and you

:36:54.:36:58.

look lovely when you are sleeping. She was worried and I said, nothing

:36:58.:37:03.

can happen to you at school. Bullying can start in the classroom

:37:03.:37:09.

but can also reach the top in politics. Ed Balls' wife, Yvette

:37:09.:37:14.

Cooper, insisted her children took her surname to avoid schoolyard

:37:14.:37:18.

taunts, but this week her husband admitted he was no goody-two-shoes

:37:18.:37:24.

when in government. Was there a bullying swagger around as well, do

:37:24.:37:33.

you think? I think... Yes, a little bit. But what happens when the

:37:33.:37:38.

public start to pick on you? Ed Miliband is finding it not easy

:37:38.:37:44.

being a bit of a geek. The word that crops up most often

:37:44.:37:50.

in focus groups is "weird". Is that a problem? I think I am a pretty

:37:50.:38:00.

normal. It is not just politicians who are tormented. Some say that

:38:00.:38:05.

the King of Pop felt harassed into performing a final curtain call. So,

:38:05.:38:11.

are we a nation that loves an easy target, at least on this week we

:38:11.:38:15.

like to look out for the little guys. We are joined by Nicola

:38:15.:38:19.

Roberts formerly of Girls Aloud, who has a new solo album out which

:38:19.:38:23.

is getting great reviews. One of the songs, I am told, is about

:38:23.:38:31.

bullying. Why is that? There is a song called Sticks and Stones. It

:38:31.:38:36.

is a personal situation that I found myself in. It was some time

:38:36.:38:42.

ago. And I wrote the song quite universally, and I really wrote it

:38:42.:38:46.

because I did not want people to feel like they were necessary on

:38:46.:38:50.

their own in a situation. I think whatever it may be at home, we all

:38:50.:38:55.

have something we might be going through. Whatever it maybe.

:38:55.:38:59.

Sometimes we feel we are the only person in the world that is going

:38:59.:39:04.

through it. And I really believe in a problem shared is a problem

:39:04.:39:10.

halved. It was to help other people? Exactly. I think the

:39:10.:39:13.

response I have had since we put the song out has been quite

:39:13.:39:20.

incredible. Is it true that you experienced bullying even after you

:39:20.:39:27.

had become successful? It is kind of a very difficult for me to sort

:39:27.:39:36.

of say something like that. I found myself in a vulnerable position

:39:36.:39:44.

that was not very nice. I think it is important that we highlight it.

:39:44.:39:49.

But this was not when you were a schoolgirl. No, this was once I

:39:49.:39:54.

found myself in the public eye. That will surprise people. Yeah, I

:39:54.:40:01.

suppose. It can happen to anybody. It is so out of control. Society is

:40:01.:40:05.

very quick to judge these days. I think it is very out of control.

:40:05.:40:09.

One of the good things about Twitter is that I am, not

:40:09.:40:15.

necessarily good, but it highlights the severity of the problem.

:40:15.:40:19.

Constantly I am finding tweets talking about people's Prso

:40:19.:40:26.

situations, whether it is at school, people being scared to go to school.

:40:26.:40:31.

-- people's personal situations. Even in the workplace. It really

:40:31.:40:37.

angers me. I do not like to think that there are people out there

:40:37.:40:43.

that really feel not great about themselves. And you feel very alone

:40:43.:40:48.

when you are being bullied, don't you? Yes, and I don't think anybody

:40:48.:40:51.

is in a position to make somebody else feel like that about

:40:51.:40:56.

themselves. It really annoys me. Part of the problem is that those

:40:56.:41:00.

with the reputation for being bullies - Gordon Brown, Ed Balls,

:41:00.:41:06.

Alex Ferguson, they seem to do rather well in our society. I think

:41:06.:41:10.

there is a difference. I think what Nicola is talking about is in a

:41:10.:41:14.

different league. We bandy the term poorly around as if it applies to

:41:14.:41:20.

his strong football manager, but there are people in our society who

:41:20.:41:23.

lofted humiliate individuals and love a group of people around them

:41:23.:41:27.

to applaud them for that humiliation. With the internet and

:41:27.:41:34.

tweeting and mobile phones, they have found new ways to do it. That

:41:34.:41:41.

is in a different league. It is all about ego and positioning. What

:41:41.:41:45.

would your message be to some youngsters watching who are being

:41:45.:41:53.

bullied? It is really difficult. I would really just say that you have

:41:53.:42:01.

to turn it around. You can't admire the people who are able to say

:42:01.:42:08.

nasty things so frivolously. It is not admirable. Effectively, you are

:42:08.:42:12.

the nicer person and you should hold on to that. You should try to

:42:12.:42:19.

talk to someone, shouldn't you? Try to share it. Absolutely. It is so

:42:19.:42:24.

out of control in schools. I would like to speak to somebody.

:42:24.:42:29.

think it is really bad in schools? Yes, and there needs to be more of

:42:29.:42:33.

a support system. I get tweets every day saying, I am terrified to

:42:33.:42:40.

go to school. You are helpless. is a terrible thing. It can stunt

:42:40.:42:43.

anybody's development and lead to terrible things. Michael, a quick

:42:43.:42:48.

thought. I think it is one of the most wretched things possible to

:42:48.:42:51.

happen. The idea that people are terrified to go to the office, I

:42:51.:42:55.

think there is a great deal of it and ultimately, as you say, it

:42:55.:42:59.

leads to a loss of self-worth, and even in the worst cases to people

:42:59.:43:03.

committing suicide. It is a horrible problem. Thank you for

:43:03.:43:09.

coming. Thank you. I was going to say good luck with your solo album

:43:09.:43:13.

but I don't think you need my luck. Thank you.

:43:13.:43:17.

That's your lot, folks, but we end with glorious news. After

:43:17.:43:19.

protracted negotiations, the noble Baron Prescott of Kingston upon

:43:19.:43:22.

Hull will be descending from the vastness of his Northern throne

:43:23.:43:26.

next week to join us on our humble sofa, making up for missing the

:43:26.:43:30.

party conference, where he was notable by his absence. As was the

:43:30.:43:33.

former great leader! Yes, the invisible man of British politics,

:43:34.:43:37.

Gordon Brown, is still refusing to play the game, despite being paid

:43:37.:43:41.

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