Browse content similar to 20/03/2014. Check below for episodes and series from the same categories and more!
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As Education Secretary Michael Gove compares himself to Sherlock's | :00:12. | :00:15. | |
right-hand man, Dr Watson, This Week takes you on a 21st Century | :00:16. | :00:18. | |
Westminster adventure. Has Chancellor George Osborne used all | :00:19. | :00:21. | |
his elementary skills to woo the so-called "grey vote"? Our very own | :00:22. | :00:23. | |
political detective, Kevin Maguire, is on the case. This week's Budget | :00:24. | :00:31. | |
was go grey, but was Boy George being a bit too clever? There's | :00:32. | :00:36. | |
nothing very mysterious about President Putin's tactics in the | :00:37. | :00:39. | |
Ukraine. But just how tough should the West get with Russia? Economist | :00:40. | :00:42. | |
and business journalist Liam Halligan thinks we have to be | :00:43. | :00:46. | |
careful painting Putin as a villain. There are two sides to every story, | :00:47. | :00:52. | |
as we sleuths know and this case of Russia verses the West demands your | :00:53. | :01:00. | |
attention. And not a fictional adventure, but one of the world's | :01:01. | :01:03. | |
greatest living explorers, Ranulph Fiennes, joins us to talk adventure | :01:04. | :01:09. | |
and politics. I have get efrs but can I deal with the This Week | :01:10. | :01:17. | |
studio? Is Michael, will you be my Dr Watson? Evening all. Welcome to | :01:18. | :01:26. | |
This Week, a week when Ed Miliband showed it was perfectly possible to | :01:27. | :01:29. | |
respond to a Budget speech without mentioning a single measure in said | :01:30. | :01:32. | |
Budget. And the Tories showed they've not quite got the hang of | :01:33. | :01:36. | |
their new manifestation as the self-styled Workers Party. Yes, the | :01:37. | :01:39. | |
Labour leader decided not to bother thinking on his feet. He just cut | :01:40. | :01:42. | |
and pasted the most well-worn lines from his previous speeches and | :01:43. | :01:45. | |
trotted them out again for our delectation. The Tories guffawed and | :01:46. | :01:52. | |
heckled. But they wouldn't have been in such high spirits if they'd known | :01:53. | :01:55. | |
what was happening over at CCO ,"Condescending Central Office", | :01:56. | :01:58. | |
where Party Chairman Grant Shapps thought he was burnishing his | :01:59. | :02:00. | |
proletarian credentials by unveiling a digital poster which claimed the | :02:01. | :02:03. | |
Chancellor's cuts in Bingo Tax and Beer Duty were meant "to help | :02:04. | :02:07. | |
hard-working people do more of the things they enjoy" - thereby | :02:08. | :02:10. | |
sounding about as out of touch as the last time David Cameron walked | :02:11. | :02:13. | |
into his local food bank in Oxfordshire and asked for some | :02:14. | :02:16. | |
tinned swan and three ounces of Beluga caviar. Clearly, for the new | :02:17. | :02:26. | |
Workers Party, the workers are still another country. Mind you, the | :02:27. | :02:30. | |
Tories have previous on this. Harold Macmillan's famous phrase was, | :02:31. | :02:33. | |
"You've never had it so good." Not we. You. Speaking of those who know | :02:34. | :02:41. | |
nothing of how the other half live, I'm joined on the sofa tonight by | :02:42. | :02:44. | |
two cut-price bargain basements who are inexplicably popular. Think of | :02:45. | :02:48. | |
them as the Aldi and Lidl of late night political chat. I speak, of | :02:49. | :02:53. | |
course, of #sadmanonatrain, Michael Portillo, and #badabbotttobreak, | :02:54. | :03:03. | |
Diane Abbott. My moment of the week? I was very intrigued by the | :03:04. | :03:07. | |
revelation that the United States is now able to record every single | :03:08. | :03:11. | |
telephone call made in a particular foreign country. We don't know which | :03:12. | :03:15. | |
foreign country that was. I reflected that with all that | :03:16. | :03:18. | |
information that it is hoovering up, it was unable re foresee what was | :03:19. | :03:24. | |
going to happen in Ukraine and Crimea, after we had more or less | :03:25. | :03:28. | |
pushed the situation into a coup where the President resigned. And | :03:29. | :03:32. | |
now that I think about it, we didn't foresee the Syrian civil war. And | :03:33. | :03:37. | |
now that I think about it, we didn't foresee the revolution in Egypt or | :03:38. | :03:42. | |
the counterrevolution. They didn't foresee a Mr Snowden departing with | :03:43. | :03:46. | |
all the information. Another example. It makes me think the | :03:47. | :03:51. | |
resemblance is similar to the old Soviet Union where little men with | :03:52. | :03:54. | |
headphones listened to every conversation in every hotel bedroom | :03:55. | :03:58. | |
and every telephone call and amassed so much information it was | :03:59. | :04:01. | |
impossible to analyse. That can be the only conclusion. Diane? This | :04:02. | :04:05. | |
morning the House of Commons had tributes to Tony Benn. We had great | :04:06. | :04:11. | |
speeches. Peter tap Sal, Tory, gave a great speech and Hilary Benn, | :04:12. | :04:17. | |
Tony's son gave the best speech I have ever heard him give. But the | :04:18. | :04:25. | |
most amazing was Denis Skinner. A typical Skinner speech with the | :04:26. | :04:29. | |
northern entertainer jokes but underlying was the reality was what | :04:30. | :04:34. | |
he was trying to tell the House what he had loved Tony Benn. It was | :04:35. | :04:41. | |
moving for that reason. # How long does it take to redraw the borders | :04:42. | :04:45. | |
of a country? Three weeks if you're President Putin. Yes, he added | :04:46. | :04:48. | |
Crimea to his Russian Empire in just 21 days, from start to finish. Alex | :04:49. | :04:51. | |
Salmond must be blue-green with envy. But has the British reporting | :04:52. | :04:55. | |
of events in Crimea been too one-sided? Even unfairly | :04:56. | :04:57. | |
anti-Russian? As Barack Obama announces further sanctions today, | :04:58. | :04:59. | |
is the West's approach working, or will it backfire? We turned to | :05:00. | :05:03. | |
Telegraph financial journalist Liam Halligan, who has lived and worked | :05:04. | :05:07. | |
extensively in Russia. This is his take of the week. | :05:08. | :05:21. | |
This Crimea crisis has shown Western diplomacy to be firmly stuck in the | :05:22. | :05:35. | |
20th Century. Talk of a new Cold War is deeply alarmist. And staggeringly | :05:36. | :05:42. | |
outda.d Western politicians have demeaned themselves, posturing | :05:43. | :05:47. | |
before each other and domestic elect traits. We have made threats to | :05:48. | :05:52. | |
Russia we can't keep, completely mis-playing our hand. Now limited | :05:53. | :06:00. | |
sanctions are already in place but our leaders want more, yet any | :06:01. | :06:07. | |
further action will be deeply counter-productive Russia is the | :06:08. | :06:12. | |
EU's third largest trading partner and Germany's biggest overall and | :06:13. | :06:21. | |
war Cold War argy bargy and Crimean default could bring havoc to global | :06:22. | :06:27. | |
markets. Now Western media reports invariably Dirks ss Russia. We are | :06:28. | :06:33. | |
right, they are wrong. -- diss. When it comes to reporting rushia, a | :06:34. | :06:37. | |
pretence of balance comes out of the window as we console ourselves that | :06:38. | :06:42. | |
the Western world has the moral high ground and Vladimir Putin is nothing | :06:43. | :06:50. | |
more but a power hungry despot who wants to kill us in our beds. Of | :06:51. | :07:02. | |
course Russians in Crimea want closer ties with Moscow and of | :07:03. | :07:07. | |
course many Russian speakers across Ukraine were alarmed at the ousting | :07:08. | :07:16. | |
of a democratic elect elected President by thugs backed by the | :07:17. | :07:23. | |
West. Did they cross the bored and invade Ukraine? Maybe or maybe not. | :07:24. | :07:28. | |
I have yet to see clear invasion footage. This Crimea crisis has set | :07:29. | :07:34. | |
back East/West relations and upended the broader diplomatic landscape. | :07:35. | :07:39. | |
The US and EU are split. Germany's reemmerged as a major diplomatic | :07:40. | :07:44. | |
player and Russia and China have moved closer together. We British in | :07:45. | :07:49. | |
my view have been skril, dis disingenuous and shown a lack of | :07:50. | :07:53. | |
understanding. The Cold War is over, guys, the Soviet June is no more. | :07:54. | :08:00. | |
There is a new world order and Russia has a major role to play. | :08:01. | :08:16. | |
And from the Marie Vann restaurant, Russia's biggest suburb, we are | :08:17. | :08:29. | |
joined by Liam Halligan. Why do you have such a pro-rf Russian view? | :08:30. | :08:35. | |
This guy is spectacularly popular in his own country with hay approval | :08:36. | :08:39. | |
ratings. As far as Russians are concerned, the majority of them, he | :08:40. | :08:44. | |
has turned the economy around and restored their national pride, taken | :08:45. | :08:48. | |
on the oligarchs and taxed the oil and gas companies and given them | :08:49. | :08:53. | |
back some self-respect. He is also rather nasty and authoritarian, | :08:54. | :08:58. | |
isn't he? He controls the media. He runs a regime which discriminates | :08:59. | :09:01. | |
against homosexuals and there is very little freedom there. I don't | :09:02. | :09:05. | |
know how much time you have spent there in the last 20 years. I have | :09:06. | :09:09. | |
been going there regularly. Hep doesn't control the media? I spent | :09:10. | :09:14. | |
time living there. I went there in the early '90s. This was the more | :09:15. | :09:19. | |
authoritarian society in the world within my lifetime, 25 years ago. If | :09:20. | :09:24. | |
you compare it to what it was then to now, the progress is enormous. | :09:25. | :09:30. | |
There is no major media outlet in the country, all of which is spewing | :09:31. | :09:36. | |
out Ukrainian propaganda, that he doesn't control. That's not true. | :09:37. | :09:39. | |
There are independent newspapers and television channels. He closed down | :09:40. | :09:45. | |
the last two and put his people into them You can walk along the banks of | :09:46. | :09:49. | |
the river and stand on a soapbox and say what you like. Of course it is | :09:50. | :09:53. | |
not as purelistic as many Western countries but 25 years ago it was a | :09:54. | :09:58. | |
totalitarian dictator sh. What sted direction of travel? The direction | :09:59. | :10:03. | |
of travel is almost entirely to the good. Is there any doubt in your | :10:04. | :10:08. | |
mind that he effectively annexed Crimea? There are two sides to the | :10:09. | :10:13. | |
story. On the one hand, if Crimea will become part of Russia and it is | :10:14. | :10:19. | |
not finalised that will happen, that thereby a transgression of | :10:20. | :10:23. | |
international law. Noerned in the UN charter there is the right to | :10:24. | :10:27. | |
self-determine nailing which the Crimean people have expressed. The | :10:28. | :10:31. | |
Russians would say the current Ukrainian Government is illegitimate | :10:32. | :10:36. | |
and almost any objective commentator would agree. Viktor Yanukovych | :10:37. | :10:44. | |
wasn't popular. Well he was a cleptocrat. But you know, a report | :10:45. | :10:50. | |
said of his election that it was fair "it was pluralistic, it was a | :10:51. | :10:56. | |
good example of democracy." We have now backed a situation where the | :10:57. | :11:00. | |
Ukrainian people weren't allowed to un-elect that guy. That's the irony. | :11:01. | :11:04. | |
Next year they would have un-elected him. We stopped that happening. We | :11:05. | :11:09. | |
stopped that happening. Are you proud of that Westerner? A democrat, | :11:10. | :11:16. | |
somebody who is interested in plurality. I don't think my pride is | :11:17. | :11:21. | |
at issue. You are defending a situation where we removed a | :11:22. | :11:25. | |
democratically elected politician. The Ukrainian people did T With | :11:26. | :11:29. | |
Western endorsement and Western backing and Western leaders standing | :11:30. | :11:34. | |
with mega phones in central Kiev, screaming the odds. Are you in any | :11:35. | :11:37. | |
doubt that once he did become leader, he filled his boots, with | :11:38. | :11:45. | |
Russian support, that he is a cleptocrat? Correct? Russia, | :11:46. | :11:50. | |
Ukraine, many parts - many emerging markets and parts of the developing | :11:51. | :11:54. | |
world there are grubby fussings of money and politics. We are fwha sent | :11:55. | :11:59. | |
capitalist societies like we were at the end of the 19th century. But | :12:00. | :12:04. | |
these guys are trying to adopt democracy. These things take time. | :12:05. | :12:10. | |
But are we right to up-end the path of Ukrainian democracy by | :12:11. | :12:15. | |
effectively intervening to stop a politician who had become unpopular | :12:16. | :12:19. | |
from being democratically un-elected, as he was democratically | :12:20. | :12:25. | |
elected? I have major concerns as a British person that we are involved | :12:26. | :12:28. | |
in a situation that stopped that natural progression of Ukrainian | :12:29. | :12:33. | |
democracy from happening. I think the extent of our involvement is | :12:34. | :12:36. | |
highly limited. But let me come to you, Liam finished his piece by | :12:37. | :12:41. | |
saying Russia is a formidable power and the West cannot afford not to | :12:42. | :12:46. | |
respect it. It is a player on the international stage. Two weeks ago | :12:47. | :12:49. | |
you said as a country it was breaking up and going down the pan. | :12:50. | :12:54. | |
I don't know if those were my exact words but it was the direction of | :12:55. | :12:58. | |
travel. I agree with a great deal of what Liam said. He Saud the Russian | :12:59. | :13:03. | |
people expect him for restoring the Russian economy. I think it is | :13:04. | :13:07. | |
illusionary. It is dependent on oil, a variable price economy. The rouble | :13:08. | :13:12. | |
has sunk very badly during this crisis. I think the Russian economy | :13:13. | :13:16. | |
is delicate. I think the state of the peoples of the Russian | :13:17. | :13:19. | |
Federation is delicate. I think they face a major Islamist and terrorist | :13:20. | :13:23. | |
threat. I think they are desperate it maintain the balance of Slavs and | :13:24. | :13:29. | |
Muslims within the Russian Federation. So I say all of those | :13:30. | :13:38. | |
things. Let me get Liam to reply. He is busting to get N on you go. I | :13:39. | :13:43. | |
have spent most of my adult life studying the Russian economy from | :13:44. | :13:49. | |
literally the early '90s onward. In 2003, the Russian economy was 40% | :13:50. | :13:53. | |
oil and gas. It is now 15% oil and goes. Less than Norway. Yes, of | :13:54. | :13:58. | |
course it is a hydrocarbon superpower but Russia's service | :13:59. | :14:01. | |
sector is three times bigger than its oil and gas sector much it is a | :14:02. | :14:05. | |
myth to say this is entirely a petro economy. It's diversifying | :14:06. | :14:11. | |
incredibly quickly, as any decent merelying market investor will tell | :14:12. | :14:15. | |
you. It is not true to say -- emerging market. It is not true to | :14:16. | :14:19. | |
say the population is declining. Everyone says that all the time. | :14:20. | :14:22. | |
Russia now has a birth rate higher than the EU average and the decline | :14:23. | :14:26. | |
in population they saw was far less than almost any other East European | :14:27. | :14:31. | |
country. We believe what we want to believe because we have a Cold War | :14:32. | :14:34. | |
mentality, that we have to hammer these guys and beat them into the | :14:35. | :14:38. | |
ground. It is not right. We should be trading with these guys and | :14:39. | :14:42. | |
treating them as partners. I need to bring in Diane. One way to get your | :14:43. | :14:46. | |
population to increase is to annex everybody around you. | :14:47. | :14:49. | |
They are now talking, Diane, about tougher sanctions. Is this the right | :14:50. | :14:56. | |
way forward or not? The EU will not go for serious | :14:57. | :14:59. | |
economic sanctions because Germany is Russia's biggest trading partner. | :15:00. | :15:04. | |
There is a view in the House of Commons, not just people - That | :15:05. | :15:09. | |
Russia isn't Germany's biggest trading partner. It's not? Yes, but | :15:10. | :15:14. | |
- It's the biggest single trading partner. The EU. Germany, Russia is | :15:15. | :15:20. | |
Germany's 11th biggest export market. 11th. My point is a | :15:21. | :15:26. | |
parliamentary point. Combined imports and exports. You are wrong. | :15:27. | :15:31. | |
My point is a parliamentary point. Increasingly MPs on the right of the | :15:32. | :15:35. | |
Tory party, not so in my own party, are wondering why we are get ing | :15:36. | :15:41. | |
drawn into this - We shouldn't do anything? We can't follow-through. | :15:42. | :15:45. | |
Asking you. We should don't anything, that is the conclusion by | :15:46. | :15:48. | |
what you say? There is a feeling the EU may have mishandled it in the | :15:49. | :15:53. | |
first place. Sglie understand that, what is the Diane Abbott policy | :15:54. | :15:58. | |
against Russia? I'm backbench, I don't have a policy. You splus a | :15:59. | :16:03. | |
view. You arified have a view, that is why you are on here? There may be | :16:04. | :16:09. | |
token travel travel sanctions we could impose. Would you do? Nothing? | :16:10. | :16:16. | |
My view is, that there may be token travel and Visa sanctions - You, | :16:17. | :16:22. | |
what would you do, you won't tell me? I told you what I would do. | :16:23. | :16:28. | |
Snowing There are token sanctions - You would go along with those? Token | :16:29. | :16:33. | |
sanctions. When it comes to serious trade sanctions they are not going | :16:34. | :16:37. | |
to happen. Are talking sanctions? We have to express our dissprees sure. | :16:38. | :16:43. | |
Were gog say something, Michael? When I was Defence Secretary, quite | :16:44. | :16:49. | |
a long time ago - True it is. Let me finish the point. We were extending | :16:50. | :16:56. | |
- On the defensive. Defending NATO and the European Union, we were | :16:57. | :17:01. | |
cautious not to include Ukraine in that expansion. We thought it was | :17:02. | :17:05. | |
completely unrealistic to take Ukraine into NATO or the European | :17:06. | :17:08. | |
Union. We have recognised it would be massive provocation to the | :17:09. | :17:13. | |
Russians. Somehow, that sensible approach has been lost over the | :17:14. | :17:17. | |
years. That actually we arrived in a situation where we were offering | :17:18. | :17:22. | |
you, you know, the prospect of EU membership, even NATO membership to | :17:23. | :17:27. | |
Ukraine, which has a strong effect in destabilising the country and | :17:28. | :17:32. | |
antagonised Putin. It's extraordinary how we failed to | :17:33. | :17:35. | |
predict what the Russian's next move wouldwould be. Will Mr Putin do | :17:36. | :17:42. | |
next? I think he will try to de-escalate the situation. I think, | :17:43. | :17:47. | |
you know, the probability is that Ukraine - Crimea will become part of | :17:48. | :17:51. | |
Russia. That's a done deal? No, Andrew, really you are not right. | :17:52. | :17:56. | |
It's not a done deal. Did he say Andrew is not right? Crimea is not | :17:57. | :18:03. | |
part of Russia? There is enabling legislation to allow it to happen. | :18:04. | :18:06. | |
It still hasn't happened. I bet you ?1,000 it happens? OK. Will you take | :18:07. | :18:12. | |
that bet on? I won't bet live on television. The probability is that | :18:13. | :18:16. | |
will happen. What does he do next? Many ways to skin a cat. There maybe | :18:17. | :18:22. | |
negotiation where Crimea becomes a protect rate. People in Crimea in no | :18:23. | :18:27. | |
in terms want to be part of Russia. That was whants I asked? It's a | :18:28. | :18:34. | |
defensive lobbies wet dream - Does he go for east Ukraine? I'm getting | :18:35. | :18:40. | |
there. It's a defence lobbiest wet dream he wants - He will not attempt | :18:41. | :18:44. | |
to take control of east Ukraine? I would be astonished if he did that. | :18:45. | :18:50. | |
As the Russians know, it's Ukraine's destiny to be a bilingual nation to | :18:51. | :18:55. | |
be a buffer between the west European world and the Slovak world. | :18:56. | :18:58. | |
Ukraine doesn't want to be part of NATO. There has never been an | :18:59. | :19:02. | |
opinion poll. You said it won't happen. We have it on tape. Events | :19:03. | :19:06. | |
will see if you are right or wrong. Thank you very much. Thank you. Now, | :19:07. | :19:15. | |
it's late - and you're probably feeling sleepier than Eric Pickles | :19:16. | :19:18. | |
during a Boy George budget speech - but don't tidy up those Blue Nun | :19:19. | :19:22. | |
empties just yet because waiting in our frost-bitten wings - enduring | :19:23. | :19:25. | |
the most unadventurous adventure of his entire life - Ranulph Fiennes is | :19:26. | :19:28. | |
here to explore why people don't take greater risks in life and | :19:29. | :19:35. | |
politics. And, if your idea of danger is moaning on the internet | :19:36. | :19:39. | |
about how much of your licence fee is spent on this nonsense, you'll be | :19:40. | :19:42. | |
in equally edgy company on the Twitter, the Fleecbook and the | :19:43. | :19:45. | |
Interweb. Now, we're not ones to blow our own trumpet. In fact, we | :19:46. | :19:49. | |
celebrate modesty and mediocrity! As you can see! As you can see, Liam. | :19:50. | :19:54. | |
So we were delighted this week to hear a senior politician admit that | :19:55. | :19:58. | |
he didn't have the star quality to be Prime Minister! Yes, Michael Gove | :19:59. | :20:01. | |
summoned up all his false modesty to say he was perfectly happy being a | :20:02. | :20:05. | |
lowly sidekick, the Dr Watson to David Cameron's Sherlock Holmes. So | :20:06. | :20:08. | |
we asked our own man lacking ambition, the Mirror's Kevin | :20:09. | :20:10. | |
Maguire, for his Budget roundup of the week. His very low budget | :20:11. | :20:16. | |
roundup. Yes, when it comes to modesty and mediocrity, nobody does | :20:17. | :20:17. | |
it better than us. It was Monday and I was on my way to | :20:18. | :20:33. | |
221b Downing Street to call upon my good friend, Mr George Osborne, a | :20:34. | :20:38. | |
genius, a man possessed of almost superhuman powers of deduction. | :20:39. | :20:43. | |
Wait, don't tell me my good man, from the dust on your shoe, the bags | :20:44. | :20:54. | |
under your eye and the flem in on your shoulder you are an over tired | :20:55. | :20:58. | |
parent struggling to get by on ?149,000 a year and desperate for my | :20:59. | :21:07. | |
help. But, George, it's me, Dr Gove your best friend. Mr Osborne, like | :21:08. | :21:13. | |
his older brother, Dave, has a star quality I can't match. Sometimes I'm | :21:14. | :21:18. | |
so tongue-tied with awe that everything comes out wrong. There | :21:19. | :21:25. | |
are a ridiculous number of Old Etonians in the Cabinet? I read that | :21:26. | :21:32. | |
interview. What Michael Gove is talking about what he is passionate | :21:33. | :21:36. | |
about, improving the education of this country. Public school charm. | :21:37. | :21:46. | |
It didn't save me though. I found my friend in pencive mood. A humour | :21:47. | :21:55. | |
reached him of a fresh plot from Johnson and his groanies. It's | :21:56. | :22:00. | |
ridiculous that the only pool where the Tories fish in is in fact the | :22:01. | :22:07. | |
very limited pool of current MPs in the House of Commons, are there not | :22:08. | :22:11. | |
other possible candidates? A humble plotter such as I had no idea what | :22:12. | :22:17. | |
on earth he was about. My friend's brilliant mind was working overtime. | :22:18. | :22:23. | |
Gove, I need help to solve a devil of a mystery by Thursday. I neat to | :22:24. | :22:28. | |
thwart my enemies. I want to appear as if auto I'm giving billions of | :22:29. | :22:33. | |
pounds to everyone without spending a penny. I came up with a plan to | :22:34. | :22:38. | |
help downtrodden couples scraping by on under ?300,000 a year. 's a nanny | :22:39. | :22:43. | |
subsidy. This is simple. Everyone can go on to the Government's | :22:44. | :22:47. | |
website, create an account, put more of their money, in grandparents can | :22:48. | :22:50. | |
put money in. Take the money out when you need. For every 80p you | :22:51. | :22:55. | |
spend, the Government will spend 20p. Was beyond me. I buried my head | :22:56. | :23:00. | |
in that morning's edition of the Illustrated London News. It appeared | :23:01. | :23:04. | |
that the Tzar was up to his tricks again. No amount of sham and | :23:05. | :23:11. | |
perverse democratic process, or secured historical reference cans | :23:12. | :23:14. | |
make up for the fact that this is an incursion into a sovereign state and | :23:15. | :23:19. | |
a land grab of part of its territory with no respect for the law of that | :23:20. | :23:26. | |
country or for international law. My friend's brilliant mind was on other | :23:27. | :23:29. | |
matters. I have a marvellous idea. We need to cut taxes to show we | :23:30. | :23:33. | |
care, but although the economy is growing, we haven't got any pounds | :23:34. | :23:38. | |
to spend. Why don't we just cut a bit off the pound coin, sir? Gove, | :23:39. | :23:44. | |
that is a wonderful idea, get out there and find me more headline | :23:45. | :23:48. | |
grabbing ideas by Wednesday and meet me in Westminster. | :23:49. | :24:00. | |
This is a Budget for building a resilient economy. If you are a | :24:01. | :24:08. | |
maker, a doer or a saver, this Budget is for you. It is all part of | :24:09. | :24:14. | |
a long-term economic plan. A plan that is to delivering security for | :24:15. | :24:18. | |
the people of this country. Pensioners will have complete | :24:19. | :24:21. | |
freedom to draw down as much or as little of their pension pot as they | :24:22. | :24:26. | |
want, any time they want, no cap, no drawn down limits, let me be clear, | :24:27. | :24:33. | |
no-one will have to buy annuity. He came out all guns blazing and fought | :24:34. | :24:39. | |
the good fight on class war. Shame he forgot about the Budget. It | :24:40. | :24:43. | |
doesn't mat fer the pound is square, round or oval if you are ?1,600 a | :24:44. | :24:50. | |
year worse off you are still ?1,600 worse off. Chap can be rude | :24:51. | :24:54. | |
sometimes. Wrfrjts is the Education Secretary? He has been banished... | :24:55. | :25:03. | |
He is hiding. He is hiding! The Education Secretary has been | :25:04. | :25:06. | |
hiding... I think Mr Deputy spaeshg he has been con signed to the | :25:07. | :25:13. | |
naughty step by the Prime Minister. -- speaker. It appeared that the | :25:14. | :25:25. | |
Napoleon of politics Johnson was up to his tricks again. You were always | :25:26. | :25:34. | |
like this. Behave. It's not your turn for the champagne. It's my | :25:35. | :25:47. | |
party, I will have my way. Ahhh! Don't worry, it's all an illusion, | :25:48. | :25:52. | |
islanded on my annuities. Boris, you can't kill me off that easily! | :25:53. | :26:04. | |
Michael, Osborne's pension reform, good policy and good politics? Yes. | :26:05. | :26:11. | |
I think good justice as well. This annuity problem I think was a major | :26:12. | :26:16. | |
injustice. Even though people are assisted to save for their pension | :26:17. | :26:21. | |
by tax relief, the control that the state took over, the money they had | :26:22. | :26:25. | |
put aside, was such that they were not allowed to draw more than a | :26:26. | :26:31. | |
small part of that. Then, at a certain age, had to take an annuity. | :26:32. | :26:35. | |
Where interest rates the annuity they were given was daylight | :26:36. | :26:39. | |
robbery. If you had arrived from Mars and looked at this situation, | :26:40. | :26:43. | |
would you have concluded it was deeply unjust. What... For many | :26:44. | :26:48. | |
years people considered how we could get away from the requirement to | :26:49. | :26:53. | |
have annuities. I don't remember anyone suggesting to set people free | :26:54. | :26:57. | |
to do what they want with their lump sum. I think it is a a good thing. | :26:58. | :27:01. | |
What many people retired will do is find other investment vehicles. Look | :27:02. | :27:05. | |
for shares and bonds and property to put that money into. Labour doesn't | :27:06. | :27:11. | |
seem yet to know exactly how to respond to this reform, what would | :27:12. | :27:17. | |
you advise? Well, really our problem is that we have to think through | :27:18. | :27:22. | |
what our economic offer is. Are we going to do the same sorts of cuts | :27:23. | :27:28. | |
that Osborne is doing only with some slight variants... On pension | :27:29. | :27:33. | |
reform? Oh, on the pension reform. Given that Osborne doesn't have any | :27:34. | :27:38. | |
new money to spend, to be fair to him, it's quite ingenius, it will be | :27:39. | :27:45. | |
popular with retire es they will will have all this money. Treasury | :27:46. | :27:50. | |
will get a bigger tax cut. They will be spending money. And so on. More | :27:51. | :27:55. | |
people may be encouraged to save for pensions. That may be. Politically, | :27:56. | :27:59. | |
Osborne, whatever you say about him, he is looking good nowadays on the | :28:00. | :28:04. | |
5: 2 diet. Whatever you say about him, it's very political. This is | :28:05. | :28:15. | |
above all a burning arrow designed to hit the heart of UKIP. That's the | :28:16. | :28:20. | |
political motivation? It is the political motivation. Remember also | :28:21. | :28:24. | |
he has given this analysis of a recovery which is the wrong | :28:25. | :28:28. | |
recovery. One of the ways in which it's the wrong recovery we continue, | :28:29. | :28:32. | |
we have low interest rates, to encourage people to borrow and | :28:33. | :28:36. | |
discourage people to save. Although he can't yet change the low interest | :28:37. | :28:39. | |
investment, this is quite an important move towards encouraging a | :28:40. | :28:44. | |
bit of saving. Miranda, you can see what is in it for the Tories, what | :28:45. | :28:50. | |
is it it for the Lib Dems, the pension reform Steve Webb the | :28:51. | :28:56. | |
pension minister a Lib Dem and the expert on pensions. He made it his | :28:57. | :29:03. | |
life's study. On the policy. Itself. What is in the politics for the Lib | :29:04. | :29:10. | |
Dems It's quite broad actually. Fundamentally, we have spent weeks | :29:11. | :29:15. | |
on the sofa discussing which coalition rows are genuine division, | :29:16. | :29:19. | |
which are play fights, all of that, actually, what the Budget has shown | :29:20. | :29:25. | |
is reports of the coalition together is somewhat exaggerated - There is | :29:26. | :29:30. | |
life in it yet. They presented a united front. Clear Lib Dem wins | :29:31. | :29:34. | |
they could tick off. More than that, they are part of a governing project | :29:35. | :29:39. | |
which showed this week it has a lot to say and a lot to do. That doesn't | :29:40. | :29:44. | |
just make UKIP look imhe tent, it makes the Labour Party look | :29:45. | :29:47. | |
impotent. That is very helpful for the Lib Dems indeed. That depends on | :29:48. | :29:53. | |
whether the electorate is comforted by Osborne's little bunny rabbits. | :29:54. | :29:57. | |
They are little bunny rabbits. The pension stuff is the biggest issue. | :29:58. | :30:02. | |
Depends whether the Government is comforted by that - the electorate. | :30:03. | :30:07. | |
Or whether they reflect. What we are seeing is correct, it's actually | :30:08. | :30:10. | |
correct their living standards are going down and will continue to go | :30:11. | :30:13. | |
down. Whether - They won't continue to go down. The OBR forecast show | :30:14. | :30:17. | |
that is wages will start to overtake prices in the summer? Well, yes. But | :30:18. | :30:29. | |
whether the living standards argument trump the macroeconomics. | :30:30. | :30:35. | |
They wouldn't be as high in 2014 as they were in 2014. The argument will | :30:36. | :30:39. | |
be on the one hand that clear average wages will not have | :30:40. | :30:44. | |
recovered by 2015 to their previous level. That's the point Labour will | :30:45. | :30:48. | |
make. The Tories riposte will be - we are moving in the right | :30:49. | :30:51. | |
direction. It is which argument wins. It is the question -- are you | :30:52. | :30:57. | |
better off than you were five years ago? Talking about it as a project, | :30:58. | :31:01. | |
the coalition government, the thing that impressed me, the borrowing | :31:02. | :31:05. | |
figure has halved in the sincing the beginning of the Government. It is | :31:06. | :31:09. | |
projected we will move into surplus. It hasn't happened. Down to 6. 6. | :31:10. | :31:16. | |
Borrowing, Labour left a deficit of ?166 billion. This financial year, | :31:17. | :31:21. | |
108. Was it not 13s? This is now 6. 6. The Government is using | :31:22. | :31:26. | |
percentage of GDP. And we are going to get to a surplus by 2018 if | :31:27. | :31:30. | |
things continue on their present path. In other words, the public | :31:31. | :31:35. | |
finances are transformed once you get growth back into the situation. | :31:36. | :31:39. | |
But it is growth based on a housing bubble in London. You have not cut | :31:40. | :31:45. | |
the deficit as quickly as Osborne promised in 2010. Of course it is | :31:46. | :31:51. | |
the case. It is the case. I I think it is transformational. One of the | :31:52. | :31:54. | |
best-kept secrets is all the time we are ranting about the Italians and | :31:55. | :31:58. | |
Greeks and casualties of the eurozone, we were running the | :31:59. | :32:01. | |
largest deficit of the European Union. Michael is right on that, | :32:02. | :32:05. | |
shouldn't the Liberal Democrats then be putting more effort into taking | :32:06. | :32:08. | |
credit for things that they think really coming right, rather than all | :32:09. | :32:11. | |
the effort they are putting in now to distance themselves from the | :32:12. | :32:17. | |
Tories? In my personal view, yes. She is very sound on this. The | :32:18. | :32:21. | |
problem is, I think, that all parties are suffering from a similar | :32:22. | :32:25. | |
thing at the moment, which is, it is the quite short run-up to the | :32:26. | :32:29. | |
election now and a couple of elections in the way of even the | :32:30. | :32:32. | |
general election and there was a rush of polling data to the head. | :32:33. | :32:36. | |
And that has made them think in a much too narrow way about picking | :32:37. | :32:40. | |
off their own groups of voters, rather than a broader pitch and | :32:41. | :32:46. | |
broader appeal. Myself, I think the Liberal Democrats' only hope at the | :32:47. | :32:49. | |
next election is a broad appeal to - you finally gave us a chance at | :32:50. | :32:52. | |
Government, look we are quite good at T it has to be the central | :32:53. | :32:57. | |
message. I have -- at it. I have come from addressing a public event. | :32:58. | :33:01. | |
Somebody described the Tories to me as extremists. I put my head in my | :33:02. | :33:05. | |
hands. If that is the way the Tories are regarded at the moment. That way | :33:06. | :33:08. | |
lies death. David Cameron always knew the only place the Tories could | :33:09. | :33:12. | |
win the election was on the centre-ground. And, he needs to get | :33:13. | :33:17. | |
back with the can he alies, stressing it is a centrist | :33:18. | :33:21. | |
government that has done centrist things and produced sensible results | :33:22. | :33:25. | |
rather than banging on about the EU and immigration which makes people | :33:26. | :33:30. | |
believe it is extremists. But the backbenchers... Had They don't let | :33:31. | :33:34. | |
him. That's why the coalition is his salvation. The fact he has 60 | :33:35. | :33:41. | |
merchandise backing him, he isn't held hostage by 40 Tory MPs. There | :33:42. | :33:47. | |
are more than 40 Tory MPs who would love him to bang on about | :33:48. | :33:53. | |
immigration in Europe. Do you see George Osborne as a Tory leader? | :33:54. | :34:01. | |
Snool oh, yes. Because you hate Boris Johnson. It could be a | :34:02. | :34:05. | |
contributory factor. Before the last election, I was thinking of George | :34:06. | :34:09. | |
beforedom. Such is my respect for him. I could see him as a leader. He | :34:10. | :34:15. | |
has a few rough edges, a few presentational difficulties but, no, | :34:16. | :34:19. | |
he is absolute leadership quality. Thank you. I like the smirk in your | :34:20. | :34:27. | |
face there. Now, Noel Edmonds trying to buy the | :34:28. | :34:31. | |
BBC, Bez from the Happy Mondays standing as an MP in Salford, Diane | :34:32. | :34:34. | |
Abbott's London mayoral ambitions - yes, lost causes come in many shapes | :34:35. | :34:38. | |
and sizes but just because we're all doomed to failure doesn't mean we | :34:39. | :34:42. | |
shouldn't give it a go. Install a bank of telephone lines and hope for | :34:43. | :34:50. | |
the best. But is politics now increasingly risk averse and could | :34:51. | :34:53. | |
politicians learn something from a man willing to saw off his own | :34:54. | :34:56. | |
fingertips with a blunt fretsaw? Quite possibly. And that's why we've | :34:57. | :34:59. | |
decided to put "adventure" in this week's Spotlight. | :35:00. | :35:09. | |
# Take time to see the wonders of the world... # | :35:10. | :35:19. | |
# If you show weakness to Antarctica, I think it knows T Are | :35:20. | :35:27. | |
such dangerous expeditions just for Princes or should we be more | :35:28. | :35:33. | |
adventurous. Ranulph Fiennes probably thinks so. | :35:34. | :35:41. | |
French ministers introduced an adventurous antipollution policy | :35:42. | :35:44. | |
this week with cars in Paris only allowed to drive depending on | :35:45. | :35:49. | |
whether their numberplate was odd or even. | :35:50. | :35:53. | |
Plus, new head of HS2 believes we should be far more ambition and | :35:54. | :35:57. | |
build further and faster in the face of protests and prevarication. | :35:58. | :36:03. | |
And back in Westminster, pension annuity reform may not sound | :36:04. | :36:07. | |
adventurous, but could this policy proved to be Osborne's Everest? So, | :36:08. | :36:12. | |
are politicians too often too timid when it comes to pushing the | :36:13. | :36:16. | |
boundaries of policy? Maybe we could all learn a thing or two about | :36:17. | :36:20. | |
putting safety last, rather than always putting safety first. Who | :36:21. | :36:23. | |
dares wins. We dare. We will win. Sadly, I was there live and remember | :36:24. | :36:40. | |
that carcrash as it happened. Ranulph Fiennes joins us now. | :36:41. | :36:44. | |
Welcome to the programme. Having a sense of adventure, do you think it | :36:45. | :36:47. | |
is a good thing? It depends who you are. If you want to live up to your | :36:48. | :36:52. | |
adventurous dreams, and sometimes you can't, so you don't want to get | :36:53. | :36:55. | |
above yourself. Are you born with it? Or is it installed or instilled | :36:56. | :37:00. | |
in you? That's a big question which a lot of people are argued. I think | :37:01. | :37:05. | |
it is a bit of both, definitely. If you have a strong sense of | :37:06. | :37:11. | |
adventure, you must have a robust nature to deal with things - things | :37:12. | :37:14. | |
are often more likely to go wrong if you have a sense of adventure, if | :37:15. | :37:18. | |
you take risk. Yes, but we are in it for the competition. The Norwegians | :37:19. | :37:24. | |
think they own the polar regions and for 40 years now, we know who they | :37:25. | :37:30. | |
are and we need to break the remaining polar records, before they | :37:31. | :37:34. | |
do. If it is risky, you are more likely to be stopped in not breaking | :37:35. | :37:39. | |
that particular record. You want to go around risks not at them. But you | :37:40. | :37:44. | |
have to be unafraid of failure, I would think, to be a proper | :37:45. | :37:49. | |
adventurer? It is aed about thing, we depend on sponsors. They don't | :37:50. | :37:53. | |
like failure. -- it is a bad thing. Do you think our politicians are | :37:54. | :37:57. | |
lacking in adventure because adventure exposes you to more | :37:58. | :38:01. | |
failure? There is a greater risk of it? And they hate that. I would want | :38:02. | :38:07. | |
to be a politician. They are dealing with risky people. We are just | :38:08. | :38:12. | |
dealing with nature. Nature is not wiley and duplicitous like people | :38:13. | :38:16. | |
and politicians - well, I will not be rude about politicians. I think | :38:17. | :38:20. | |
you were. I take it back. Do not. Leave it on the table. Is nature | :38:21. | :38:26. | |
really not duplicitous when the weather turns against you, for | :38:27. | :38:29. | |
example? Yes, but unless you have some sort of bad weather, Mr Fisher, | :38:30. | :38:35. | |
whatever, you reckon on bad weather. You plan pessimistically and | :38:36. | :38:39. | |
sometimes we plan seven years ahead. We did the first ever journey around | :38:40. | :38:45. | |
Earth vertically. It has never been repeated. It took three years, | :38:46. | :38:51. | |
50,000 miles, without flying one mile. Never been repeated. We | :38:52. | :38:57. | |
plannedp seven years. Everything was pose mustic planning. I would think | :38:58. | :39:01. | |
for a Government, the same thing is best. -- pest misically. Our | :39:02. | :39:07. | |
politicians, are they adventurous today or risk averse? I think in | :39:08. | :39:11. | |
general they are probably risk averse. However, as ran you have has | :39:12. | :39:20. | |
just said, it is important to assess your risks. -- Ranulf. I was struck | :39:21. | :39:28. | |
by what you were talking about, not going through a problem, going | :39:29. | :39:32. | |
around T Margaret Thatcher, it was striking although she new her origin | :39:33. | :39:36. | |
and destination, the route between the two was very often a did I zag | :39:37. | :39:40. | |
to get around problems. The important thing was to end know | :39:41. | :39:50. | |
where you were ending up -- zig zag. The Successful politicians are the | :39:51. | :39:55. | |
one who take risk. David Miliband could have stood against Tony Blair, | :39:56. | :40:01. | |
and then saw his brother pip him. David Cameron took a risk for the | :40:02. | :40:04. | |
Tory leadership when he was relatively young. And behind at the | :40:05. | :40:09. | |
time. And behind. So I think successful politicians, as | :40:10. | :40:11. | |
individuals have to be prepared to take a risk. A successful adventurer | :40:12. | :40:18. | |
does know the risks, otherwise you are not so much an adventurer, as | :40:19. | :40:22. | |
fool hardy. You have to anticipate what will go wrong and what the | :40:23. | :40:26. | |
dangers will be? We do. But we have the end result which is - we are | :40:27. | :40:30. | |
going to break the world record. We are going to get the first winter | :40:31. | :40:37. | |
journey, shall we say to the Pole. Our reward is when we plant our flag | :40:38. | :40:42. | |
there. It is not the English flag, it is the Union Jack. The worst | :40:43. | :40:46. | |
thing for us would be if our brothers, the Scots, leave us. That | :40:47. | :40:52. | |
would be dreadful. Have you embarked on an adventure when you then, as it | :40:53. | :40:57. | |
has gone on, thought - I wish I had never started out on this, this is | :40:58. | :41:01. | |
crazy. Yes, and that's not good because your sponsor has been told | :41:02. | :41:05. | |
you are going to succeed. You cannot immediately accept the failure. You | :41:06. | :41:09. | |
have to find a way around it. What was - what was that? What adventure | :41:10. | :41:16. | |
were you on? Well, we were trying to find the Lost city Aruba for 26 | :41:17. | :41:23. | |
years. Four-wheel drive into the great dessert and having found a | :41:24. | :41:27. | |
pillar in the middle of the sand but on the last day before the hot | :41:28. | :41:31. | |
season we knew we would come back and BP would sponsor it and find the | :41:32. | :41:38. | |
next year and only then discovered German archaeologists had put it | :41:39. | :41:40. | |
there. We were on a hiding for nothing and when we came back NASA | :41:41. | :41:45. | |
had started looking for it using the Apollo and all the rest of it. We | :41:46. | :41:50. | |
found it through sheer good luck, not NASA or the German | :41:51. | :41:54. | |
archaeologists. Every now and again you need luck. I would have thought | :41:55. | :42:00. | |
in your business, you need look. Even politicians need luck. Sounds | :42:01. | :42:06. | |
like you came across duplicity? German duplicity. Do you think as a | :42:07. | :42:12. | |
society we are Morrisk averse. Yes, I have had mums coming to see me to | :42:13. | :42:17. | |
sue the school because their child fell off the climbing frame. I said | :42:18. | :42:21. | |
- if you sue because of that, children will never be able to play | :42:22. | :42:24. | |
again. They are not allowed to go in our | :42:25. | :42:30. | |
divror Tesco, because a trolley might run the children over. It is | :42:31. | :42:34. | |
funny what you think about when asked that question - I had gone to | :42:35. | :42:37. | |
the other extreme - we are talking about a country which in the last | :42:38. | :42:41. | |
few years has gone to war in Iraq, in Afghanistan and Libya. In some | :42:42. | :42:45. | |
ways, our governments have been very risky in what they have done. They | :42:46. | :42:51. | |
have indeed. There was no proper assessment in any of the risks | :42:52. | :42:56. | |
involved. Yet on small things as Diane says we have become Morrisk | :42:57. | :43:01. | |
averse. Just remind us of the story of what you had to do, you had got | :43:02. | :43:06. | |
so much frost bite had taken, that you had to cut your fingers off? Not | :43:07. | :43:12. | |
quite like that. That sounds pretty eccentric. Eccentric is not the | :43:13. | :43:18. | |
word, sounds horriblement I had frost bite. The fingers had to come | :43:19. | :43:22. | |
off. You are moving around with three inches of mummified red | :43:23. | :43:27. | |
finger, but the surgeons won't cut it off for half months because the | :43:28. | :43:33. | |
half dead bit will become the new flaps after amputation. That has to | :43:34. | :43:36. | |
have five months to get better. Every time you touch something it | :43:37. | :43:41. | |
hurts like hell. No wonder the ge stoop tow went for fingers. I was | :43:42. | :43:46. | |
getting irritable. My wife said we must do something like that. I got a | :43:47. | :43:51. | |
black and decker and fretsaw and Jenny brought me cups of tea. It | :43:52. | :43:56. | |
took two days to do the thumb. I think that'll keep some people awake | :43:57. | :44:02. | |
tonight. Wet' better leave it there. You asked the question. You | :44:03. | :44:11. | |
answered. That's your lot for tonight folks - but not for us, | :44:12. | :44:15. | |
because scientists equipped with an incredibly powerful telescope have | :44:16. | :44:17. | |
discovered exciting evidence of a primordial gravitational wave - | :44:18. | :44:19. | |
emanating from Michael Portillo's cha cha. So we're all off to Lou | :44:20. | :44:23. | |
Lou's dance floor to confirm their findings. But after Pensions | :44:24. | :44:26. | |
Minister Steve Webb today declared that he was perfectly relaxed about | :44:27. | :44:29. | |
people frittering away their pension savings on hookers and Lamborghinis | :44:30. | :44:32. | |
- I paraphrase only slightly - we leave you tonight with the latest | :44:33. | :44:35. | |
prospectus from British Association of Pension Funds. Nighty night. | :44:36. | :44:37. | |
Don't let the end-of-life crisis bite. Thb say I might as well face | :44:38. | :44:42. | |
the truth # That I am just too long in the | :44:43. | :44:46. | |
tooth # I started to deteriorate | :44:47. | :44:52. | |
# And new I'm past by own sell-buy date | :44:53. | :44:55. | |
# So I'm a wrinkley, Cinkly, set in my ways | :44:56. | :44:58. | |
# It's true that my body has seen better days | :44:59. | :45:03. | |
# But give me half a chance and I can still misbehave | :45:04. | :45:07. | |
# One foot in the grave # One foot in the grave... # | :45:08. | :45:09. |