Browse content similar to 28/06/2012. Check below for episodes and series from the same categories and more!
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Tonight, This Week is on Centre Court. The big hitters slog it out | :00:20. | :00:25. | |
at Wimbledon, the big bankers are double faulting and playing by | :00:25. | :00:28. | |
their own rules. Allister Heath says it is time for the umpire to | :00:28. | :00:34. | |
get tough. Bashing bankers has never been part | :00:34. | :00:38. | |
of this but after This Week's revelations they deserve all they | :00:38. | :00:44. | |
get. Chancellor George Osborne serves up another U-turn, over fuel | :00:44. | :00:49. | |
duties. Channel 4's Sarah Smith deals with a top-spin. The number | :00:49. | :00:53. | |
two seed was convinced he had served an ace, but his opponents | :00:53. | :00:58. | |
saw a double fault. There is always a handshake at the end of a tennis | :00:58. | :01:03. | |
match. How difficult is it for opponents to put differences aside. | :01:03. | :01:08. | |
Danny DeVito volleys some of our best loves. Are there people I | :01:08. | :01:15. | |
would prefer not to work with? You bet, but they're not on This Week! | :01:15. | :01:25. | |
:01:25. | :01:30. | ||
Evening all, welcome to This Week. Our weekly game of Westminster | :01:30. | :01:36. | |
swingball, which ends in a bad temper. When it comes to tangles, | :01:36. | :01:46. | |
:01:46. | :01:53. | ||
it seems that Boy George is To execute one U-turn is misfortune, | :01:53. | :02:02. | |
two is carelessness, to embark on a dismantling of a Budget is an of | :02:02. | :02:06. | |
any shambles. To let Ed Balls take the credit looks like a Government | :02:06. | :02:12. | |
which has lost the will to govern. What should be done, if you are the | :02:12. | :02:16. | |
Chancellor of the Exchequer in a Denis Healey-sized hole. Stop | :02:16. | :02:24. | |
digging. Better to have your inturn, such as Chloe Smith to face the | :02:24. | :02:31. | |
great Paxo. With 200,000 YouTube hits and climbing, being sacrificed | :02:31. | :02:35. | |
to protect her boss, it is a lesson for work experience staff | :02:35. | :02:40. | |
everywhere - never, ever volunteer for anything more than the photo | :02:40. | :02:46. | |
copying or making the coffee. It works with Danny Alexander. Three | :02:46. | :02:56. | |
:02:56. | :02:57. | ||
of those who are never around when the pro-ver byal hits the fan -- | :02:57. | :03:02. | |
proverbial hits the fan. We have the Princess Beatrice of late night | :03:02. | :03:12. | |
:03:12. | :03:17. | ||
chat. I speak of Alan Johnson and chug, chug, chug, chug Michael | :03:17. | :03:21. | |
Portillo. I enjoyed that. It is the best exercise of the week. Your | :03:21. | :03:27. | |
moment of the week? The queeb has had a good week. I will pick today | :03:27. | :03:32. | |
when she opened the Bomber Command memorial. 50,000 men lost their | :03:32. | :03:38. | |
lives. So the numbers who survived it were 30 missions was very, very | :03:38. | :03:41. | |
small. Incredibly brave men, fighting in the most appalling | :03:41. | :03:46. | |
conditions. There was no element of the British fighting forces that | :03:46. | :03:51. | |
lost a larger proportion. They have had to wait all this time to get a | :03:51. | :03:58. | |
memorial because of course it was so controversial that 600,000 | :03:58. | :04:01. | |
German citizens were killed. It has nothing to do with the bravery of | :04:01. | :04:07. | |
these men. I am delighted that the those who were killed and the | :04:07. | :04:10. | |
bravery of those who survived has been recognised. A wonderful | :04:10. | :04:19. | |
memorial. Marvellous. The last Lancaster we | :04:19. | :04:24. | |
have flying over... Very, very moving. It is the handshake. When I | :04:24. | :04:27. | |
was a union representative at the height of the troubles I | :04:27. | :04:36. | |
represented members in Northern Ireland. 16 of my members were | :04:36. | :04:40. | |
killed because they were postal workers. To see it transformed | :04:40. | :04:45. | |
because of the courage of people like Robinson and McGuinness and | :04:45. | :04:51. | |
yesterday the good judgment and diplomacy of the Queen, it was a | :04:52. | :04:57. | |
triumph of. She handled it with dignity. Tough for the Duke as well, | :04:57. | :05:02. | |
because his uncle was killed by the IRA. The queen has to do as she is | :05:02. | :05:08. | |
told. Should she have to shake Diamond day's hand? It has not been | :05:08. | :05:17. | |
a good week nor the banks again. First NatWest proved incapable of | :05:17. | :05:23. | |
fulfilling its fundamental role. Then Barclays was fined for | :05:23. | :05:29. | |
fiddling figures, in pursuit of bigger bonuses for big boy and | :05:29. | :05:37. | |
bollinger Lady! Is it time to string them up from | :05:37. | :05:42. | |
the lamppost? We have asked the editor of City AM, Allister Heath, | :05:42. | :05:52. | |
:05:52. | :06:07. | ||
Once again, the whole country is engaging in a bunch of banker | :06:07. | :06:12. | |
baiting. I have defended them in the past. But not this time. This | :06:12. | :06:22. | |
:06:22. | :06:25. | ||
time, I think they deserve all the flak they are getting and even more. | :06:25. | :06:30. | |
So, what did Barclays do wrong? They were found out manipulating a | :06:30. | :06:35. | |
key interest rate - the liable rate, of City's gold standard which | :06:35. | :06:40. | |
affects millions of consumers. Some rigged this for their financial | :06:40. | :06:44. | |
self-interest. Barclays, I am shocked to say, failed to control | :06:44. | :06:48. | |
some of their traders. Shame on them! | :06:48. | :06:54. | |
This latest scandal will have far- reaching consequences. To be honest | :06:54. | :07:00. | |
a �290 million fine is small fry for a bank like Barclays. People | :07:00. | :07:04. | |
will ask, why haven't there been prosecutions? It seems there is one | :07:05. | :07:09. | |
set of rules for rich rule-breakers and one for poor criminals. It does | :07:09. | :07:19. | |
:07:19. | :07:26. | ||
not seem like we're all in this Barclays boss, Diamond day is not | :07:26. | :07:30. | |
the monster he has been made out to be. He was at the helm when the | :07:30. | :07:34. | |
scandal took place. Today his position is looking increasingly | :07:34. | :07:44. | |
wobbly. The Government will be under | :07:44. | :07:49. | |
pressure to further punish the City, but it should resist calls for | :07:49. | :07:59. | |
:07:59. | :08:06. | ||
Don't forget, the City's vitally important to the British economy. | :08:06. | :08:11. | |
It employs hundreds of thousands and pays �60 billion in tax a year. | :08:11. | :08:16. | |
It needs sensible reform, not changes born out of a climate of | :08:16. | :08:22. | |
anger. Yet the tidle wave of revelations has only just begun. | :08:22. | :08:27. | |
Too many bankers turned a blind eye to some of their colleague's wrong | :08:27. | :08:30. | |
doing. It will take years for the City's reputation as an | :08:30. | :08:33. | |
international marketplace to recover. That is a tragedy for all | :08:33. | :08:43. | |
:08:43. | :08:47. | ||
Allister Heath on the wobbly bridge over the Thames, now to our wobbly | :08:47. | :08:51. | |
bridge here in Westminster. This was a conspiracy to rig the market. | :08:52. | :08:55. | |
It is something Adam Smith warned us about 250 years ago. A lot of | :08:55. | :08:59. | |
people were thinking, this is not a matter for fines, you don't get | :08:59. | :09:03. | |
your bonus - this is criminal behaviour. This should be jail. | :09:03. | :09:08. | |
Well it sound like criminal behaviour, looks like it, but | :09:08. | :09:12. | |
according to the authorities it is not. That is the problem here. It | :09:12. | :09:16. | |
should be criminal behaviour. It is criminal behaviour to engage in | :09:16. | :09:20. | |
insider trading. Why isn't it a crime to do this sort of thing? | :09:20. | :09:24. | |
That is a major issue which needs to be tackled. Would the Americans | :09:24. | :09:28. | |
regard it as criminal behaviour? The American authorities began the | :09:28. | :09:32. | |
opening of this can of worms. It may not have happened if it were | :09:32. | :09:37. | |
not for them. They were on the ball in a way we were not in this | :09:37. | :09:44. | |
country. In a way this important market was run in ar amateur is way. | :09:44. | :09:50. | |
There was no proper -- in an amateur way. There was no proper | :09:50. | :09:54. | |
supervision. They did not care about the rules. Diamond day is the | :09:54. | :09:58. | |
chief executive of bark -- Bob Diamond is the chief executive of | :09:58. | :10:03. | |
Barclays Bank. He was the boss of Barclays Capital, the investment | :10:03. | :10:08. | |
arm, where all this shenanigans were taking place. He was giving an | :10:08. | :10:13. | |
interview about how bankers had paid their price - it was time to | :10:13. | :10:19. | |
move on. How stupid does that sound tonight? Very stupid, especially | :10:19. | :10:25. | |
that he must have known his bank was sitting on this scandal. Heads | :10:25. | :10:29. | |
will have to roll at Barclays. Someone senior will have to leave. | :10:29. | :10:34. | |
The second in command will be sacrifices everywhere. It is a bit | :10:34. | :10:38. | |
like the BBC! Michael Portillo, not a single | :10:38. | :10:42. | |
banker prosecuted since the start of this crisis. The contrast of the | :10:42. | :10:46. | |
two sides of the Atlantic is very marked. In the United States we see | :10:46. | :10:51. | |
people in handcuffs, people going to jail. It is what will happen. In | :10:51. | :10:56. | |
the case of Bob Diamond I would say he knew what was going on or he | :10:56. | :11:00. | |
would not know, in which case his position is in impossible. If you | :11:00. | :11:04. | |
don't know what is going on in your bank that is no defence. It sound | :11:04. | :11:09. | |
like you think he should go? I do. How do you explain to the public | :11:09. | :11:14. | |
that a Pakistani cricket who rigs a match goes to prison, but a banker | :11:14. | :11:18. | |
who rigs the interest market does not go to prison. How do you | :11:18. | :11:23. | |
explain fining a bank �200 million, which is a drop in the ocean for | :11:23. | :11:27. | |
these people, when we know the bonus pot is billions? Why does | :11:27. | :11:32. | |
Barclays keep its license? What is the point of reg laters f banks -- | :11:32. | :11:40. | |
regulators, if banks that behave badly are not under threat. We saw | :11:40. | :11:44. | |
Enron go. I don't see why we should not see a big bank go. Unless we do, | :11:44. | :11:50. | |
none of this will come to an end. This is not the time to stop | :11:50. | :11:54. | |
banker-bashing. This is a moment to indulge in it. The law will not | :11:54. | :12:00. | |
constrain these people alone. What we have to do is stigmatise this | :12:00. | :12:03. | |
rotten behaviour and make it socially unacceptable. When we had | :12:03. | :12:08. | |
the big bang in the 1980s - this explosion of money and the breaking | :12:08. | :12:14. | |
of the old skooling, in some ways - the -- school, in some ways. The | :12:14. | :12:17. | |
old critique was about greed and greed and knowing the price of | :12:17. | :12:23. | |
everything and the value of nothing. Labour got into power, Mr Balls, Mr | :12:23. | :12:30. | |
Darling, Mr Brown, you allowed - it was a Wild West culture that | :12:30. | :12:35. | |
developed. If you remember the culture at the time, Michael was | :12:35. | :12:39. | |
Shadow Chancellor. The culture was about ensuring this huge asset we | :12:39. | :12:43. | |
had wasn't restricted and restrained too much. Setting up the | :12:43. | :12:49. | |
FSA, getting rid of three other regulatory bodies seems sensible. | :12:49. | :12:54. | |
In a hind site it is a mistake. We were talking about tax avoidance. I | :12:54. | :12:59. | |
agree with Michael about this - this leaves a bad taste in the | :13:00. | :13:03. | |
mouth. What about the morality of this? What were these people doing? | :13:03. | :13:10. | |
I will give you a bottle of Bollinger. There was a character | :13:10. | :13:17. | |
called rich -- Rich Ricky. You could not make it up! There is a | :13:17. | :13:21. | |
question mark here, I think Bob Diamond should go. They were fined | :13:21. | :13:29. | |
Barclays last year, �7.7 million. That is less than Bob Diamond's | :13:29. | :13:39. | |
:13:39. | :13:41. | ||
bonus. If you have a centre-right and a centre-left commentator | :13:41. | :13:47. | |
making these remarks, I don't see how the banks can put their house | :13:47. | :13:51. | |
in order. There is a reason why Barclays will not lose its license, | :13:51. | :13:54. | |
is 20 major banks are being investigated for this scandal. What | :13:54. | :13:59. | |
we are saying is every single bank would have to lose its license. | :13:59. | :14:03. | |
There has been corruption here at the heart of the system. I think | :14:03. | :14:07. | |
the problem is not per se, right. I think the problem is greed which is | :14:07. | :14:11. | |
unchecked by fear. That is the problem that has happened in the | :14:11. | :14:14. | |
banking system, because you knew you could be bailed out, because | :14:14. | :14:17. | |
you knew the Government would step in and save you if things went | :14:17. | :14:22. | |
wrong. You were not cautious enough N the case of this particular sand | :14:22. | :14:26. | |
--. In the case of this particular scandal there was no umpire to | :14:26. | :14:32. | |
check what was going on. It has got worse rather than better. In 207 | :14:32. | :14:37. | |
you might doubt that your bank would be rescued. Before 207 you | :14:37. | :14:42. | |
might have thought, maybe we can -- 2007 you might have thought maybe | :14:42. | :14:52. | |
:14:52. | :14:57. | ||
You see the politicians struggling. The sound byte today of David | :14:57. | :15:00. | |
Cameron. Ed Miliband giving a speech. It's always kind of, | :15:00. | :15:04. | |
nothing to do with me, we are against it, we can't find the words | :15:04. | :15:08. | |
to condemn it, yet they seem to limited in what they can really do? | :15:08. | :15:13. | |
That's got to change. I hear tonight that there are bits of | :15:13. | :15:20. | |
legislation that they can be prosecuted under. I mane -- mean, | :15:20. | :15:24. | |
it would just be remarkable if the public see, and are disgusted like | :15:24. | :15:28. | |
this, see clear criminality and find there's no law. It happened | :15:28. | :15:31. | |
under Labour, but it's the Conservatives in power and I guess | :15:31. | :15:35. | |
it's a plague on all your Houses as far as the public's concerned? | :15:35. | :15:39. | |
absolutely. They blame everybody for this. To be honest, if you look | :15:39. | :15:42. | |
at whole financial crisis which is different from this particular | :15:42. | :15:45. | |
problem, I don't think financial crisis was caused by criminality, I | :15:45. | :15:49. | |
think it was caused by massive - where just about everyone is to | :15:49. | :15:53. | |
blame, Central Banks, the Americans, Chinese, regulators, consumers, | :15:53. | :15:59. | |
bankers, investors, absolutely frb. That's the issue. We feel not had | :15:59. | :16:03. | |
the right reform when it comes to the banking and financial system. | :16:03. | :16:09. | |
Maybe we should have a banking for the Leveson -- Leveson for the | :16:09. | :16:13. | |
banking sment. Sounds like you are saying this is just the tip of the | :16:13. | :16:20. | |
iceberg. Barclays got fined but they were first up. They kind of | :16:20. | :16:24. | |
fessed up when they got rumbled. Other banks could be in line for | :16:24. | :16:30. | |
bigger fines now? I suspect we'll see bigger fines for other banks | :16:30. | :16:33. | |
which is a massive blow for London's reputation as a financial | :16:33. | :16:36. | |
centre because this was a key global interest rate that was set | :16:36. | :16:40. | |
here in London and basically what's happened is that London's not got | :16:40. | :16:44. | |
its act together. The banks were not able to do something that | :16:44. | :16:48. | |
worked that was trustworthy. That's a massive blow for the UK economy. | :16:48. | :16:51. | |
Ultimately, the City's vitally important to the UK economy and | :16:51. | :16:55. | |
pays a lot of tax, employs a lot of people. It needs to be reformed | :16:55. | :16:59. | |
sensibly to make it work better to make it stronger and unfortunately, | :16:59. | :17:04. | |
we've got all these problems. very important when the banks say | :17:04. | :17:08. | |
you mustn't kill the goose that lays the golden eggs by over- | :17:08. | :17:11. | |
regulation. Actually, a vital part of the City is that people should | :17:12. | :17:14. | |
have confidence that it is properly regulated. | :17:14. | :17:21. | |
The rest of the world uses this rate, it looks to London because it | :17:21. | :17:25. | |
thinks it can trust London. We didn't become prosperous by | :17:25. | :17:30. | |
being the sharks but by being the best regulated market. These two | :17:30. | :17:37. | |
think kb Bob Diamond should go. Shall me and you agree that he | :17:37. | :17:43. | |
probably won't go? Diamond came out fighting today. But someone will | :17:43. | :17:47. | |
have to go for this. Other people will have to go at other banks but | :17:47. | :17:52. | |
it's not just a problem with barricallys but a lot of global | :17:52. | :17:55. | |
banks. Expecting the board to do anything about it is a pathetic | :17:55. | :18:00. | |
hope isn't it? That's not going to happen. There could be more bodies | :18:00. | :18:05. | |
lying around in the coming week. Those of you who have trouble | :18:05. | :18:10. | |
sleeping at night - talking to you Gary Barlow and you Bob Diamond. | :18:10. | :18:15. | |
Put aside those pills and pour yourself a picture of the van bleu | :18:15. | :18:20. | |
instead. Coming up - and we can hardly believe it ourselves - | :18:20. | :18:25. | |
Hollywood director, producer, star of the West End stage, Danny Devito. | :18:25. | :18:29. | |
He'll be talking about the art of putting personal and political | :18:29. | :18:34. | |
differences aside and for those of you who can't help burying a grudge, | :18:34. | :18:39. | |
which is most of the audience, remember, in's the Twitter, the | :18:39. | :18:42. | |
fleecebook and the missionary position interweb. Strawberries and | :18:42. | :18:46. | |
cream time again when the great and good and under employed bunk off | :18:46. | :18:50. | |
for the day and rock up at the Royal Box at Wimbledon for the | :18:50. | :18:54. | |
yearly Festival of High-class sport and middle-class work donling. | :18:54. | :19:00. | |
Leading the way is Britain's most famous NEAT, that's not in | :19:00. | :19:03. | |
education, employment or training, yes, pip that Middleton, so we | :19:03. | :19:08. | |
decided if it's good enough for her, it's probably not good enough for | :19:08. | :19:12. | |
us. We sent the girl with the tattoo, Channel 4's Sarah Smith, | :19:12. | :19:22. | |
:19:22. | :19:31. | ||
this is the round-up of the Thank you heavens for Wimbledon. A | :19:31. | :19:35. | |
Championship as British as strawberries and cream. A ver | :19:35. | :19:40. | |
itable bastion of civility and respectability. OK, some of the | :19:40. | :19:44. | |
tennis stars might be sporting the odd power tattoo these days but I | :19:44. | :19:47. | |
bet they could still teach our British politicians a thing or two | :19:47. | :19:51. | |
about fair play in sporting behaviour. And after all, you can't | :19:51. | :20:01. | |
:20:01. | :20:12. | ||
Now, it's not just tennis stars displaying a fondness for body art | :20:12. | :20:17. | |
these days. It's said that Winston Churchill had an anchor tattooed on | :20:17. | :20:19. | |
his arm. So was the Chancellor George Osborne thinking Churchill | :20:20. | :20:25. | |
or Popeye when he revealed his latest surprise? A delay in the 3p | :20:25. | :20:29. | |
rise in fuel duty. Now, he can't tell us how much it's going to cost | :20:29. | :20:34. | |
and he can't tell us where the money's going to come from, but he | :20:34. | :20:38. | |
still thought he'd served an ace. His opponents saw a double fault. | :20:38. | :20:41. | |
We are on the side of working families and businesses and this | :20:41. | :20:45. | |
will fuel our recovery at this very difficult economic time for the | :20:45. | :20:48. | |
world. The Shadow Shadow Chancellor Ed Balls is more of a bare knuckle | :20:49. | :20:52. | |
fighter than tennis player, the kind of man who might have love and | :20:53. | :20:56. | |
hate tattooed on his fists but he saw the opportunity to lob a few | :20:56. | :21:00. | |
long shots at the Chancellor. have had U-turns on pasties, | :21:00. | :21:06. | |
churches, charities, caravans, skips and today a U-turn on fuel | :21:06. | :21:10. | |
which we welcome. The Chancellor did manage to return | :21:10. | :21:13. | |
most volleys but for some reason, he didn't seem confident in his | :21:13. | :21:18. | |
game off the court, so we put the ballgirl up against an old Grand | :21:18. | :21:21. | |
Slam master. Can you tell us from which departments that gap is going | :21:21. | :21:27. | |
to be made up? The figure will be drawn from under-spends in | :21:27. | :21:32. | |
departmental budgets. Yes. Where? Which department is it going to | :21:32. | :21:36. | |
come from? They fall from different... Just name me a few | :21:36. | :21:40. | |
departments? No, I won't do that because we'll be... You don't know? | :21:40. | :21:43. | |
We'll give you the details in the autumn statement. Are you waiting | :21:43. | :21:47. | |
to be told that as well? No. Do you ever wake up in the morning and | :21:47. | :21:52. | |
think, my God, what am I going to be told today? | :21:52. | :21:56. | |
Not exactly an impressive display of girl power there, but in the | :21:56. | :22:00. | |
week when we saw the Spice Girls all back together again, we also | :22:00. | :22:04. | |
saw some sisterly solidarity in the Conservative Party. Two female Tory | :22:04. | :22:10. | |
MPs did stand up for Chloe Smith, one of them called George Osborne a | :22:10. | :22:15. | |
coward for not going on Newsnight himself. And then, the Tory party's | :22:15. | :22:19. | |
number one seed had to display fancy footwork when he was caught | :22:19. | :22:28. | |
at the net. The fuel duty incress was a Labour tax rise. It cannot be | :22:28. | :22:32. | |
a U-turn to get rid of a Labour tax increase. | :22:32. | :22:35. | |
The Government has grown accustomed to losing a few game points over | :22:35. | :22:39. | |
their U-turns by now and they know it won't necessarily cost them the | :22:39. | :22:43. | |
match. But the real problem for team Cameron is how can he promise | :22:43. | :22:47. | |
to spend every penny on slashing the deficit and then spend all that | :22:47. | :22:57. | |
:22:57. | :23:03. | ||
cash on tax cuts for motorists and Easy to think all the sporting | :23:03. | :23:06. | |
action is taking place in London this summer but don't forget the | :23:07. | :23:10. | |
fun and games in the eurozone as yet another crucial European summit | :23:11. | :23:14. | |
gets going in Brussels. Even the Governor of the Bank of England, | :23:14. | :23:18. | |
Mervyn King, says he doesn't know who's going to win this game. Now, | :23:18. | :23:25. | |
where do we go from here? When this crisis began, 2007, 200, | :23:25. | :23:28. | |
most people, including ourselves, did not believe that we would still | :23:28. | :23:33. | |
be right in the thick of it, the middle of it, five years later. All | :23:33. | :23:37. | |
the way through, I said to the committee, I don't think we are | :23:37. | :23:47. | |
:23:47. | :23:48. | ||
It's a rare day at Wimbledon when it isn't raining and it's tempting | :23:48. | :23:51. | |
to think that maybe this brief spell of good weather inspired | :23:52. | :23:55. | |
David Cameron's blue sky thinks when it came to rel fare we form. | :23:55. | :23:59. | |
For literally millions, the passage to independence is several years | :24:00. | :24:03. | |
living in their childhood bedroom as they save to move out while for | :24:03. | :24:07. | |
others it's a trip to the council where they can get Housing Benefit | :24:07. | :24:12. | |
at 18 or 19, even if they are not really actively seeking work. | :24:12. | :24:15. | |
have some big ideas on welfare reform, a growing economic crisis | :24:15. | :24:18. | |
in the eurozone and a double dip recession here at home. That is a | :24:19. | :24:24. | |
lot of balls in the air. So when Lib Dem MPs insist now is the right | :24:24. | :24:27. | |
time to introduce a Bill to reform the House of Lords, you can see why | :24:27. | :24:30. | |
other MPs accuse them of rather unsporting behaviour. | :24:30. | :24:33. | |
The idea that you can't do more than one thing at once in politics | :24:33. | :24:38. | |
just as in life, I just think it's really silly. | :24:38. | :24:44. | |
Even if Nick Clegg does get his bay way, the new look Upper House won't | :24:44. | :24:48. | |
be filled with the Senators until 2025, and we can only hope this | :24:48. | :24:58. | |
:24:58. | :25:05. | ||
influx of commoners doesn't dilute She'll never get the tattoos off, | :25:05. | :25:10. | |
you know. We are joined, as we often rrbgs and we welcome you, | :25:10. | :25:15. | |
Miranda Green. We are sitting here in the Westminster village which | :25:15. | :25:20. | |
says all parties in their manifesto backed House of Lords reform in | :25:20. | :25:23. | |
principle? Indeed. Stkpwh I mean the three main party leaders, | :25:23. | :25:27. | |
National Partys, say that they want it to happen, they are going to | :25:27. | :25:31. | |
instruct their traps to vote and yet as we sit here, the consensus | :25:31. | :25:36. | |
is it won't happen. Explain? I think this is one of these rather | :25:36. | :25:40. | |
depressing occasions where the merits of the case, in this case | :25:40. | :25:46. | |
for reform of the upper chamber have been completely lost in | :25:46. | :25:49. | |
political in-fighting, intrigue, tit-for-tat revenge now from the | :25:49. | :25:54. | |
backbenchers of the two coalition parties, the Tory party were very | :25:54. | :25:58. | |
insulted that Nick Clegg didn't back David Cameron over Jeremy Hunt | :25:58. | :26:02. | |
and the sort of slightly getting their revenge by saying they'll | :26:03. | :26:05. | |
rebel over House of Lords reform. The Labour Party for their own | :26:05. | :26:08. | |
reasons are saying this isn't right, we don't like the way it's being | :26:08. | :26:12. | |
handled in Parliament and don't like the way it's going to be | :26:12. | :26:16. | |
debated. So it's an unholy mess. I think if you are the Liberal | :26:16. | :26:21. | |
Democrats and you after 100 years have an opportunity to have a go, | :26:21. | :26:25. | |
you have to cheerlead as one of your own priorities. We know it's | :26:25. | :26:29. | |
important to Nick Clegg and he sees this as a way of making up for the | :26:30. | :26:35. | |
complete shambles of the AV referendum. But is it really that | :26:35. | :26:40. | |
important to Lib Dems in the large? Is it really an issue that gets him | :26:40. | :26:44. | |
out of bed? I think that's a very, very good question actually and is | :26:44. | :26:50. | |
the right one and I think the Lib Dems should ask it of themselves | :26:51. | :26:54. | |
actually because... It's hard to tell isn't it? The reason for this | :26:54. | :26:58. | |
coalition is not actually a comprehensive programme of | :26:58. | :27:01. | |
constitutional reform. It is to do with stability and the economy | :27:01. | :27:06. | |
which, as we have seen today, you know, is far from solved. However, | :27:06. | :27:12. | |
it's the case that you can do more than one thing at a time. And also | :27:12. | :27:16. | |
really Parliamentarians have moaned now for a very long time what the | :27:16. | :27:22. | |
executive is too powerful, Parliament doesn't have enough ways | :27:22. | :27:25. | |
of reining them in. This is a way of adding legitimacy to Parliament | :27:25. | :27:30. | |
and it's an opportunity that people who're serious about reform should | :27:30. | :27:35. | |
think. Labour is supporting it in principle, as they should, the | :27:35. | :27:38. | |
elected second chamber, overwhelmingly elected and you are | :27:38. | :27:42. | |
going to cause as much trouble as possible in the process? Well, I'm | :27:42. | :27:45. | |
not and we are supporting the second reading and I support this | :27:45. | :27:49. | |
as much as Nick Clegg. I don't know why we are saying the Lib Dems | :27:49. | :27:53. | |
should be supporting this, it was one of kaer Hardy's founding | :27:53. | :27:59. | |
principles, it's a monument of pat Ronage, institutionalised snobbery. | :27:59. | :28:03. | |
It's a stain upon our democracy. Since 1997, there's been lots of | :28:03. | :28:07. | |
attempts to find a middle way because there's people worried | :28:07. | :28:11. | |
about primacy in the Commons et cetera and great Labour stalwarts | :28:11. | :28:17. | |
like one of my heroes, the late Robin Cook, Tony Wright, others | :28:17. | :28:21. | |
working with people like William Hague and George Young came up with | :28:21. | :28:27. | |
this, called breaking the dead log, which I supported. All these | :28:27. | :28:31. | |
proposals came from that discussion. We have all had to compromise. | :28:31. | :28:35. | |
party's not going to vote for the programme motion which is the | :28:35. | :28:39. | |
motion that allowed... Since it's a constitutional issue, got to take | :28:39. | :28:42. | |
place on the floor of the House, you don't have a programme motion | :28:42. | :28:45. | |
limiting the time to reasonable amounts, it will dominate the whole | :28:45. | :28:50. | |
session? But there's a very good point about this, which given that | :28:50. | :28:54. | |
it's Lord's reform, if we send it to the Lord's and it's not been | :28:54. | :28:59. | |
properly debated in the Commons, that won't be good. There should be | :28:59. | :29:02. | |
a referendum on big constitutional issues like this. I think it knead | :29:02. | :29:06. | |
a referendum and that's a very important thing. Where are you on | :29:06. | :29:09. | |
this Michael? The House of Lords in its present form is in a hopeless | :29:09. | :29:14. | |
state of affairs, however it's a huge leap to go from saying the | :29:14. | :29:19. | |
solution is to elect 80% of the members for 15-year terms. I think | :29:19. | :29:24. | |
that's a ludicrous proposal. So I don't actually agree with what | :29:24. | :29:27. | |
Miranda said that it's tit-for-tat. I think it's hard to believe that | :29:27. | :29:30. | |
this is the right proposal that you should make. My own solution would | :29:30. | :29:36. | |
be to go bit by bit, cut the House of Lords in half, then get rid of | :29:36. | :29:39. | |
the hereditaries, cut in half probably by having an election | :29:39. | :29:43. | |
within the members of the House of Lords to see which were the popular | :29:43. | :29:53. | |
:29:53. | :29:53. | ||
people who could stay and see how The American Senate manages with | :29:53. | :29:58. | |
100. Another week, another U-turn. What do you think the U-turn will | :29:58. | :30:03. | |
be next week? I think it is a sign, as was the �80 billion injection | :30:03. | :30:09. | |
into the banks of how serious the Government thinks things are. It | :30:09. | :30:14. | |
does not enjoy doing U-turns. It is a serious amount of money. Where is | :30:14. | :30:19. | |
the money coming from. The Government believe the stimulus is | :30:19. | :30:22. | |
needed to prevent the further stalling of the economy. On this | :30:23. | :30:28. | |
fall out from the Budget, the collateral damage is to the Tories? | :30:28. | :30:38. | |
The Lib Dems are well shielded. Even though they are responsible? | :30:38. | :30:42. | |
Cumulatively the pain is shared. You get the impression that if you | :30:42. | :30:46. | |
push hard enough on any issue the Government will cave in, which does | :30:46. | :30:50. | |
not make it look like a strong front. You need a strong Government. | :30:50. | :30:59. | |
If it is not plan B, what is it? This should have been good news, | :30:59. | :31:06. | |
shouldn't it? It makes it seem as if there's no skill. The way that | :31:06. | :31:11. | |
George Osborne handled this, from springing it on, aparently the | :31:11. | :31:16. | |
Cabinet, poor old Justine Greening was going out to defend it. If the | :31:16. | :31:20. | |
fiscal deve it is is your number one priority, you don't -- deficit | :31:20. | :31:24. | |
is your number one priority, you don't throw it away. You can make | :31:24. | :31:33. | |
an argument on that and you can't say, we'll take it from | :31:33. | :31:36. | |
departmental under-spends. underlines how worryed the | :31:36. | :31:43. | |
Government is about the financial position. Let's look at what | :31:43. | :31:47. | |
happened. In June 2010, the Chancellor told us it would be five | :31:47. | :31:52. | |
years of austerity to get the fiscal deficit right. In the Pre- | :31:52. | :31:56. | |
Budget Report last year, he told us two. We are up to seven. The | :31:56. | :32:01. | |
Cabinet Secretary says up to 10 and now the Governor of the Bank of | :32:01. | :32:08. | |
England says we're not even half- way through. You have to look at | :32:08. | :32:15. | |
what is going on, the economy is not growing. We are borrowing 8% of | :32:15. | :32:18. | |
national GDP every year. When the national debt reaches a certain | :32:18. | :32:23. | |
point the markets go wild. And the problem for the coalition is the | :32:23. | :32:28. | |
original game plan, with the five years, everything would be hunky | :32:28. | :32:33. | |
dorry you would fight the 2015 election saying we know it has hurt, | :32:33. | :32:38. | |
but we've been through the worst and the sunny up lands around the | :32:38. | :32:42. | |
corner, don't let Labour screw it up. This was an interesting week. | :32:42. | :32:46. | |
Some of it last week, with Michael Gove playing to the gallery, you | :32:46. | :32:51. | |
know, the Tory Party seems to me is starting to lay out its stall for | :32:51. | :32:55. | |
the next election. Everyone will think in this way. The background | :32:55. | :33:01. | |
is a decade or more of austerity. All these problems which have been | :33:01. | :33:05. | |
kicked into the long grass - what do you do with an ageing population | :33:05. | :33:11. | |
- they have to be addressed. thrash the country and then you | :33:11. | :33:20. | |
throw some money at it. He's been thinking to get that line | :33:20. | :33:26. | |
in. Thank you to Alan Johnson's script writer for that! | :33:26. | :33:33. | |
Now Michael and Diane, Michael and Jacqui, Michael and Alan. It is | :33:33. | :33:42. | |
like a Westminster wife-swapping party, choo, choo Portillo has a | :33:42. | :33:47. | |
different parter in every week. How easy is it to put aside your | :33:47. | :33:53. | |
personal and professional differences and keep it up so late | :33:53. | :34:03. | |
:34:03. | :34:10. | ||
# Bring me sunshine # In your smile # As Danny DeVito | :34:10. | :34:16. | |
takes to the West End, reunited with a partner he's not spoken to | :34:16. | :34:20. | |
for years, can personal differences be put aside for one last show? The | :34:20. | :34:25. | |
Spice Girls seem to think so, with the launch of their new musical, | :34:25. | :34:30. | |
even if Posh does not want to be there. It doesn't matter how long | :34:30. | :34:36. | |
it is - 16 years on, we feel like family members. With speculation | :34:36. | :34:43. | |
that Danny will get together with Arnold Schwarzenegger for a Twins | :34:43. | :34:47. | |
sequel, are personal differences easier to overcome? Northern | :34:47. | :34:52. | |
Ireland shows what is possible, with a royal Belfast handshake that | :34:52. | :35:00. | |
has brought 1,000 words. This is an opportunity for me to extend the | :35:00. | :35:05. | |
hand of peace and reconciliation to Queen Elizabeth. So long as our own | :35:05. | :35:15. | |
:35:15. | :35:22. | ||
sunshine boys keep their roving We are joined by Danny DeVito. | :35:22. | :35:28. | |
Hello. Who does think these two share a bed. Got our pyjamas on. | :35:28. | :35:34. | |
That is really crazy. I was looking outside, desperately trying to find | :35:34. | :35:38. | |
a striped shirt to put on. No, two is more than enough. You are | :35:38. | :35:46. | |
treading the boards. You are in The Savoy theatre, you are doing The | :35:46. | :35:50. | |
Sunshine Boys, a tale of two former stars who are very different. You, | :35:50. | :35:56. | |
as an actor and director, have you been forced to work with somebody | :35:56. | :36:00. | |
who you would prefer not to?Vy very fortunate, like most of the | :36:00. | :36:04. | |
time I have worked with really nice people and I have a lot of friends | :36:04. | :36:10. | |
who I work with a lot over and over again. Like Michael Douglas, Jack | :36:10. | :36:16. | |
Nichol son. All these guys I have grown up with. They are all really, | :36:16. | :36:22. | |
really kind, generous people. I've been in a good spot for many, many | :36:22. | :36:30. | |
years, on Taxi - all the people on Taxi, we were like a family for | :36:30. | :36:38. | |
five years. Nobody you would have said, "Get me out of this studio!" | :36:38. | :36:42. | |
There are people who may not focus the way you like them to. Those are | :36:42. | :36:47. | |
the people you avoid. Those are the people who have their own problems | :36:47. | :36:52. | |
and thinks that they... That's personal stuff. Somebody like, for | :36:52. | :36:57. | |
instance, if a movie star, say, or a director or producer, who treats | :36:57. | :37:02. | |
the people who work for them in not a kind way, an unkind way, those | :37:02. | :37:07. | |
are the people that you just say, you put a tag on that and you say, | :37:07. | :37:10. | |
if they, if that's the way they're going to be in life, you would | :37:10. | :37:14. | |
rather not work with them. But most of them... I have been very | :37:14. | :37:19. | |
fortunate. Acting, when you look from the outside, acting seems like | :37:19. | :37:23. | |
a love-in, everybody is publicly nice to each other, which is the | :37:23. | :37:28. | |
opposite of politics. Behind, away from the public gaze, can it be | :37:28. | :37:34. | |
just bitchy as politics? It depends on the whole... And my mother used | :37:34. | :37:38. | |
to say, that fish stinks from the head. So, if you have a situation | :37:39. | :37:44. | |
where I produced many movies and have acted in many, directed seven | :37:44. | :37:51. | |
or eight. The idea is, if the person in the helm has a clear, | :37:51. | :37:54. | |
first of all they understand what they want, and they are not | :37:54. | :37:59. | |
operating out of greed and fear, then, you know, they are really | :37:59. | :38:01. | |
genuinely thinking about the project. Most of the time it will | :38:01. | :38:05. | |
work out really good. Things will be smooth. There may be differences | :38:05. | :38:10. | |
of opinion and this, that and the other, but in the long-term, it's | :38:10. | :38:15. | |
solid. If there's something up there -- somebody up there what is | :38:15. | :38:19. | |
not a really good person, somebody who is abusing the power, then it | :38:19. | :38:25. | |
is the same thing in movies or politics or anywhere. For you, what | :38:25. | :38:30. | |
has been more difficult to reconcile - personal or political | :38:30. | :38:33. | |
differences? I find everybody has their own certain world view of | :38:33. | :38:37. | |
things which are going on. Personal differences, I mean, like I said, I | :38:37. | :38:42. | |
have been very fortunate to work with people who I have gotten on | :38:42. | :38:49. | |
with and occasionally you butt heads with maybe a studio executive | :38:49. | :38:55. | |
or some financial things where they are in a spot where they need to | :38:55. | :38:59. | |
fight for, to keep the budget down. Sometimes and that happens, it has | :38:59. | :39:05. | |
happened in the past, but never to the point where it was | :39:05. | :39:13. | |
irreconcilable. Like Arnold and I. We are totally opposite ends, I am | :39:13. | :39:20. | |
a Democrat. He's a Republican. He was a supporter of Alex Bushill -- | :39:20. | :39:26. | |
of George Bush. I am not. We have those kind of... You get on well? | :39:26. | :39:30. | |
We get on well like on set. We've done two movies together. We are | :39:30. | :39:36. | |
planning a third. Are you going to do another one? Now he has finished | :39:36. | :39:41. | |
with this insanity of being governor of California. You mean go | :39:41. | :39:47. | |
back to a real job. Are you often mistaken for each other? No. The | :39:47. | :39:52. | |
idea is that now we have been speaking, just before I came here | :39:52. | :39:58. | |
to do The Sunshine Boys, which I am having a great time doing with | :39:58. | :40:03. | |
Richard Griffiths. Before that, we had several dinners, talked about | :40:03. | :40:06. | |
the possibility of doing a new movie and we decided that we wanted | :40:06. | :40:16. | |
:40:16. | :40:17. | ||
to call it Triplets and we reached out to Eddie Murphy to see if he | :40:17. | :40:21. | |
would.... That would work! Politics involves working people you don't | :40:22. | :40:26. | |
like, because row have no choice. Let me give you an example, not | :40:26. | :40:29. | |
someone I didn't like but after Michael Heseltine challenged | :40:29. | :40:34. | |
Margaret Thatcher for the leadership and unseated Margaret | :40:34. | :40:38. | |
Thatcher, it felt to me the day after that to work for Michael | :40:38. | :40:43. | |
Heseltine. I found the experience uplifting. We worked to abolish the | :40:43. | :40:47. | |
poll tax, the community charge and we were politically different, but | :40:47. | :40:51. | |
it was uplifting. We had to find a way to win the subsequent election, | :40:51. | :40:56. | |
getting rid of the poll tax. He remains a very good friend for me | :40:56. | :41:02. | |
today. Do you care to tell us who you don't like working with? | :41:02. | :41:05. | |
The biggest challenge in politics is a coalition. Each party is a | :41:05. | :41:11. | |
coalition. That is true. In our country it is different. | :41:11. | :41:16. | |
Right now, what's going on right now is not a... You have got people | :41:16. | :41:23. | |
who are definitely just one, with one thing on their mind. It has | :41:23. | :41:29. | |
become personal. It is like a big, it's a big... Just yesterday they | :41:29. | :41:38. | |
voted to allow, uphold the crazy law where you can, anybody can | :41:38. | :41:42. | |
donate, any corporation... amount of money. So all these | :41:42. | :41:46. | |
people with billions of dollars pay money to get people into office and | :41:46. | :41:51. | |
do anything they can. It's not like really what politicians are | :41:52. | :41:55. | |
supposed to be doing. They are supposed to represent the voice of | :41:56. | :42:02. | |
the people. Have you noticed a time when America was more polarised and | :42:02. | :42:09. | |
politics more bitter than it is now and the media egging it on in | :42:09. | :42:14. | |
America? Look things all over the world are not getting better. It's | :42:14. | :42:17. | |
not only politics, it's like everything - the population, the | :42:18. | :42:23. | |
supply of water. Everything is getting, we're... The planet is | :42:24. | :42:28. | |
shrinking. We're becoming like. We're a blink in the eye. We are | :42:28. | :42:32. | |
just like that. That is what we are. If you look at the eve vow luegsry | :42:32. | :42:37. | |
scheme of things, we are like a tiny blink. We don't realise that. | :42:37. | :42:43. | |
We think we'll be here forever. It's not true. So, it may be our | :42:43. | :42:49. | |
time. We want maybe see all this, but if we have children or | :42:49. | :42:52. | |
grandchildren, their children, anybody who you invest your | :42:52. | :42:56. | |
emotional investment into, you have got to look down the line and say | :42:56. | :43:04. | |
it is going faster and faster. It is deteriorating. We have run out | :43:04. | :43:09. | |
of time. Good luck in The Sunshine Boys. Come and see us at The | :43:09. | :43:14. | |
Savoy.Ly be there until 20th July. That is your lot tonight, folks. | :43:14. | :43:23. | |
Not for us. For once we are going to sofrbl unionist with the ASBO | :43:23. | :43:29. | |
dodging crews. We are off to their favourite fish and chip shop - The | :43:29. | :43:32. | |
Laughing Halibut, in Victoria. Which celebrates 30 years in the | :43:32. | :43:38. | |
business and nearly 10 years of making our production office | :43:38. | :43:43. | |
stinking of vinegar. News that MPs have taken their sex-change, | :43:43. | :43:48. | |
gender-reassignment surgery of Big Ben just a little too far. We say, | :43:49. | :43:54. |