Browse content similar to 28/09/2011. Check below for episodes and series from the same categories and more!
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Evening all. Welcome to our round- up from the Labour Party Conference | :00:25. | :00:31. | |
here in Liverpool. Ed Miliband says the Blair-Brown era is over and | :00:31. | :00:34. | |
wants to move on, though what he'd replace it with is still far from | :00:34. | :00:37. | |
certain. The recent past is still haunting him - from why Labour | :00:37. | :00:41. | |
didn't do then what he wants to do now, to not standing up for Tony | :00:41. | :00:44. | |
Blair when part of the conference booed the mention of Mr Blair's | :00:44. | :00:52. | |
name yesterday. There's also those former ministers who think Labour's | :00:52. | :00:55. | |
record is worth defending, such as Shadow Home Secretary, Yvette | :00:55. | :00:58. | |
Cooper, who mounted a passionate defence of Labour's record on law | :00:58. | :01:08. | |
:01:08. | :01:11. | ||
and order. Tony Blair was right, tough on crime, tough on the causes | :01:11. | :01:15. | |
of crime. Because it worked, crime fell by 40%. The first Government | :01:15. | :01:21. | |
since records began, where crime went down, not up. Seven million | :01:21. | :01:23. | |
fewer crimes a year. That's Labour's record and we should be | :01:23. | :01:33. | |
:01:33. | :01:36. | ||
proud of it. What is David Cameron's answer? 20% front-loaded | :01:36. | :01:44. | |
cuts to the police. It's shocking. Right across the country 16,000 | :01:44. | :01:48. | |
police officers lost. This is a wreckless risk to take with the | :01:48. | :01:56. | |
fight against crime. APPLAUSE | :01:56. | :02:02. | |
Conference, the police do have to make their fair share of the cuts. | :02:02. | :02:07. | |
We said 12% budget cuts, based on independent advice on what the | :02:07. | :02:12. | |
police need to protect the front line. That's �1 billion over the | :02:12. | :02:16. | |
course of the Parliament, but the Government has gone for �2 billion | :02:16. | :02:20. | |
in cuts, with the steepest cuts in the first two years. We have said | :02:20. | :02:24. | |
it before, it is too far, too fast and it is communities that are | :02:24. | :02:32. | |
paying the price. APPLAUSE | :02:32. | :02:37. | |
How can they turn a blind eye to the evidence from the riots this | :02:37. | :02:42. | |
summer? For four nights, thousands of people took to the streets to | :02:42. | :02:47. | |
loot and to rob and burning police cars and looting shops and torching | :02:47. | :02:52. | |
homes and putting people's lives as well as their livlihoods at risk. | :02:52. | :02:58. | |
This country must never again tolerate such laurlessness. -- | :02:58. | :03:01. | |
lawlessness. Never again should criminals be allowed to take | :03:01. | :03:04. | |
control of the streets and they cannot be allowed to get away with | :03:04. | :03:13. | |
APPLAUSE But, conference, it took 16,000 | :03:13. | :03:18. | |
officers to quell the madness on London's streets. Officers from | :03:18. | :03:24. | |
Norfolk, South Wales, Hampshire, koum brieia, all joining the Met -- | :03:24. | :03:27. | |
Cumbria, all joining the Met to bring the streets back under | :03:27. | :03:31. | |
control. That is the same number that David Cameron wants to cut. | :03:31. | :03:36. | |
How out of touch can you get? Police numbers do matter. You don't | :03:36. | :03:45. | |
cut crime by cutting the police. Breathless promises this summer to | :03:45. | :03:50. | |
send in the Army, the troops on the streets of Britain. Prime Minister, | :03:50. | :03:54. | |
you don't need to bring in the army if you have enough police. | :03:54. | :03:59. | |
APPLAUSE Now is the time for a serious | :03:59. | :04:05. | |
vision for the future of policing. A Royal Commission or a heavy- | :04:05. | :04:10. | |
weight independent review. The Government has refused to do so, so | :04:10. | :04:15. | |
we will. We are setting up an independent review, to look at the | :04:15. | :04:19. | |
crime challenges of the 21st century and how policing needs to | :04:19. | :04:25. | |
adapt and respond. I'm grateful to the much-respected Lord John | :04:25. | :04:30. | |
Stevens for agreeing to chair this important, independent review. | :04:30. | :04:38. | |
APPLAUSE Conference, next week, at the Tory | :04:38. | :04:42. | |
Party conference, we'll hear a lot of tough talk from David Cameron, | :04:42. | :04:47. | |
about broken Britain, cracking down on crime, and gangs. Tough talk | :04:47. | :04:50. | |
from a Prime Minister who is still cutting the police, still cutting | :04:50. | :04:53. | |
their powers and pushing up unemployment and barely mentioned | :04:53. | :05:00. | |
crime since he started in the job. He says it now, but he hasn't done | :05:00. | :05:07. | |
it before. Prime Minister, it shouldn't take a riot. | :05:07. | :05:10. | |
APPLAUSE The taxpayer now has to pay out | :05:10. | :05:14. | |
hundreds of millions of pounds in compensation to the businesses, the | :05:14. | :05:18. | |
families hit by riots. Far better to prevent it happening in the | :05:18. | :05:21. | |
first place, because the Tories claim to be the party of law and | :05:21. | :05:26. | |
order, but look at the fact - every Tory Government since records began | :05:26. | :05:31. | |
has seen crime go up, not down. Tories in Government do not cut | :05:31. | :05:41. | |
:05:41. | :05:42. | ||
crime. If we had said before the 97 election that under Labour crime | :05:42. | :05:46. | |
would fall by 40%, no-one would have believed it could be done. But | :05:47. | :05:53. | |
we did it. Tough on crime, tough on the causes of crime. Strong powers, | :05:53. | :05:56. | |
strong safeguards and prevention and backing the police. Labour is | :05:56. | :06:05. | |
the party of law and order and that is how we will stay. Thank you. | :06:05. | :06:09. | |
Yvette Cooper. After, I spoke to her about the summer riots and | :06:09. | :06:13. | |
suggested that since most of the rioters had grown up under Labour | :06:13. | :06:18. | |
the party had some responsibility for the disturbances. I think you | :06:18. | :06:21. | |
should do more and go further to get people out of the life of crime. | :06:21. | :06:25. | |
It is shocking what happened in the summer. I think you have to | :06:25. | :06:29. | |
recognise that crime fell by 40% during Labour's period and that | :06:29. | :06:33. | |
included fewer young people, before the riots and fewer young people | :06:33. | :06:37. | |
going into the crime. We ended up with people who had grown up, not | :06:37. | :06:41. | |
all of them, but most of them were in the age group that their | :06:42. | :06:46. | |
formative experience, their school, their early life, had been under a | :06:46. | :06:49. | |
Labour Government. They were Labour's children. That's right. | :06:49. | :06:53. | |
The fact that there have been fewer young offenders I think is an | :06:53. | :06:56. | |
important progress, but of course it's the case there were a lot of | :06:56. | :07:01. | |
the young people and a lot of people in their 20s, because some | :07:01. | :07:04. | |
were older, who we have not managed to stop getting into a life of | :07:04. | :07:07. | |
crime and that's why you have to always do more. That's why I would | :07:07. | :07:14. | |
like to see a strong implementation of the work done in Boston and | :07:14. | :07:17. | |
Hackney that targets the gangs. We have set out ways to fund that. The | :07:17. | :07:21. | |
Government could start that now, so you don't have a repeat next summer. | :07:21. | :07:27. | |
When you boasted today, as you did in the speech, about the fall in | :07:27. | :07:36. | |
crime under Labour, that is calf ated by the fact that it ended in | :07:36. | :07:40. | |
the worst rioting we have seen for a generation. This summer I spoke | :07:41. | :07:43. | |
to police officers during the few months before the summer and they | :07:43. | :07:48. | |
said in fact interestingly, that they were worried even before the | :07:48. | :07:52. | |
summer about public order pressures and the fear of a long, hot summer. | :07:52. | :07:56. | |
Did they have a sense that something would happen? Senior | :07:56. | :07:59. | |
police officers had a sense. It's interesting, because for everyone | :07:59. | :08:04. | |
else it came as a surprise. If you saw it was a long, hot summer, it's | :08:04. | :08:09. | |
all the more surprising that they left us undefended on the first | :08:09. | :08:12. | |
night. I don't think the police had anticipated how fast the rioters | :08:12. | :08:17. | |
would gather. One police officer said to me he had never in 20-year | :08:17. | :08:22. | |
career seen a crowd gather that fast. That's social media, rolling | :08:22. | :08:27. | |
news. It does mean that you have to be able to respond. The police, if | :08:27. | :08:32. | |
criminals can gather quickly, then police need to and it's madness to | :08:32. | :08:35. | |
make 16,000 police officer cuts. You've set up the commission on the | :08:35. | :08:41. | |
future of policing, and chosen John Stevens. He's already attacked the | :08:41. | :08:45. | |
Government's ideas and he was an adviser to Gordon Brown on | :08:45. | :08:49. | |
international criminal matters. You picked Tim Brain who has criticised | :08:49. | :08:53. | |
the Government cuts already. It sounds a bit like this sew-called | :08:53. | :08:56. | |
independent commission is full of people who have already made up | :08:56. | :08:59. | |
their minds that what the coalition's doing is wrong and what | :08:59. | :09:04. | |
you'll be doing is right? Well, firstly -- It's not really | :09:04. | :09:09. | |
independent? He's a cross-bencher in the House of Lords with a long, | :09:09. | :09:12. | |
independent reputation. He has attacked Government policy? Indeed. | :09:12. | :09:17. | |
I think all the police were attacking Government policy. As you | :09:17. | :09:22. | |
well know - It's not just police officers, but experts on crime and | :09:22. | :09:27. | |
experts on how to bring crime down, all saying it's madness what the | :09:27. | :09:32. | |
Government is doing. As you'll know, when the public sector gets united | :09:32. | :09:37. | |
to attack toes trying to reform it, as Mr Blair reminded us, you end up | :09:37. | :09:45. | |
with scars on your back. I can't find anybody who is supporting what | :09:45. | :09:49. | |
the Government is doing. Anybody who supports the substantial re- | :09:49. | :09:51. | |
organisation and chaos that they are proposing in the police force | :09:51. | :09:56. | |
at the moment, rather than a sensible revision and reform for | :09:56. | :10:02. | |
the future. You speak to to all police officers and I get a chance | :10:02. | :10:08. | |
particularly here, I get a sense that there's a crying need of | :10:08. | :10:11. | |
ordinary police officers for a better quality of leadership and | :10:11. | :10:16. | |
better way that their leaders are united. There are some excellent | :10:16. | :10:20. | |
leaders. Of course, in the 21st century what you want is to be able | :10:20. | :10:23. | |
to draw on the best leadership to promote people fast and have | :10:23. | :10:27. | |
flexibility, so I'm sure that issues around professionalisation | :10:27. | :10:30. | |
and the workforce will be things that will be covered as part of | :10:30. | :10:34. | |
this review. I think there's been a tendency for the Government | :10:34. | :10:37. | |
ministers to really try to undermine the Middle East in the | :10:37. | :10:41. | |
way they've handled this and play as being armchair constables. | :10:41. | :10:44. | |
you think the Government ministers are out to undermine the police? | :10:44. | :10:48. | |
think some of the things they've been doing that have been doing | :10:48. | :10:51. | |
that. I think they have no faith in a lot of the police chiefs. During | :10:52. | :10:56. | |
that period in August when things were really seemed to be tipping | :10:56. | :11:00. | |
over the edge and we were all scared, that Tuesday when we didn't | :11:00. | :11:04. | |
know whether the violence would be repeated, at that time we should | :11:04. | :11:07. | |
all have been backing the police and respect for the police and rule | :11:07. | :11:10. | |
of law. I think the way they handled that the way they seemed to | :11:10. | :11:14. | |
be knocking the police and those few very sensitive few days, | :11:14. | :11:17. | |
actually was undermining the respect for the police at a time | :11:17. | :11:23. | |
when we needed it most. The big issue at this conference is the | :11:23. | :11:28. | |
claim by your husband that in another leadership contest he will | :11:28. | :11:32. | |
stand aside for you. Do you believe him? In fact, what he said was he | :11:33. | :11:37. | |
said his view was that Ed Miliband was doing a great job and carry on | :11:37. | :11:41. | |
being a leader for many years to come. He said he didn't want to run | :11:41. | :11:46. | |
for leadership again should it ever arise and that he would stand aside | :11:46. | :11:51. | |
for you. Do -- can you take his word on that? Look, that's actually | :11:51. | :11:55. | |
what he said to me before we had the last leadership. He ran and you | :11:55. | :11:59. | |
didn't. You see these husbands you can't trust them, can you? You | :11:59. | :12:03. | |
don't think your husband will run again? No, I don't think so. Been | :12:03. | :12:07. | |
there and done it, didn't quite get it. Enjoying himself? He's working | :12:07. | :12:12. | |
very hard and doing a good job. haven't ruled yourself out. People | :12:12. | :12:18. | |
like me always say that. You do. know the answer already. Thank you | :12:18. | :12:23. | |
very much for being with us. The conference was also addressed today | :12:23. | :12:27. | |
by Paul McKeever, the chairman of the Police Federation. It's the | :12:27. | :12:31. | |
first time anybody in his position has spoken to a Labour conference. | :12:31. | :12:36. | |
He's really a union official, so he should feel at home here. The | :12:36. | :12:40. | |
conference certainly liked his message about the coalition. Let's | :12:40. | :12:45. | |
be absolutely clear here, it wasn't a couple of politicians coming back | :12:45. | :12:49. | |
to their desks that solved the riots. It was tens of thousands of | :12:49. | :12:59. | |
:12:59. | :13:04. | ||
police officers - APPLAUSE Pashpash - putting their | :13:04. | :13:07. | |
lives on the line on behalf of their communities. You know the | :13:07. | :13:12. | |
public recognised that. The public said thank you. The public were | :13:12. | :13:17. | |
applauding officers who were out on patrol in the streets, making those | :13:17. | :13:20. | |
riots abate. They recognised what police officers were doing. They | :13:20. | :13:30. | |
:13:30. | :13:32. | ||
recognised the worth of police What has been the response of | :13:32. | :13:39. | |
government? During the riots, we heard from the Prime Minister, the | :13:39. | :13:45. | |
Home Secretary, that the cuts were going to be going ahead even faster. | :13:45. | :13:50. | |
That was something that astonished us. It really did take our breath | :13:50. | :13:55. | |
away. The first duty of any government is the safety of their | :13:55. | :13:59. | |
citizens and we believe government is playing fast and loose with the | :13:59. | :14:02. | |
safety of the communities we represent. | :14:03. | :14:12. | |
:14:13. | :14:14. | ||
It is also worth reflecting as well on the way that government talks | :14:14. | :14:20. | |
about us, that change, reform, cuts have to be forced through even more | :14:20. | :14:25. | |
quickly, more radically, whereas when I heard him speaking about the | :14:25. | :14:30. | |
report on banking, we were told it had to be introduced slowly, over a | :14:30. | :14:40. | |
:14:40. | :14:41. | ||
number of years... APPLAUSE. So as to avoid unintended | :14:41. | :14:47. | |
consequences and failure. We feel greatly unloved, I have to say, and | :14:47. | :14:51. | |
greatly left to our own devices. We believe that the government doesn't | :14:51. | :14:56. | |
understand us, there is a constant denigration of what it is that we | :14:56. | :15:02. | |
do and we find that disgraceful. Paul McKeever. This afternoon it | :15:02. | :15:06. | |
was the turn of Shadow Education Secretary, Andy Burnham, who also | :15:06. | :15:10. | |
dug out one of those Blairite soundbites. I think you can guess | :15:10. | :15:16. | |
at -- guess which one it was. In this job, there is one thing you | :15:16. | :15:21. | |
noticed. How on an almost daily basis, people who did not go to | :15:21. | :15:24. | |
state schools and don't send their children to them pop up in the | :15:24. | :15:34. | |
:15:34. | :15:41. | ||
Is there any country in the world which runs down its schools, its | :15:41. | :15:47. | |
teachers and its young people in the way we seem to do? Well, | :15:47. | :15:52. | |
conference, at least let us put that right today. We you join me in | :15:52. | :15:59. | |
thanking our teaches, dinner ladies, support staff, lollipop ladies... | :15:59. | :16:07. | |
APPLAUSE. We thank them from the bottom of our hearts because it is | :16:07. | :16:12. | |
their utter devotion to our children that makes England's | :16:12. | :16:15. | |
schools amongst the best in the world at today young people face | :16:15. | :16:20. | |
agonising choices. It is not easy to take on the cost of the degree | :16:20. | :16:24. | |
when you know that you are expected to work for free once you finish it. | :16:24. | :16:31. | |
But if things weren't hard enough, they just got a whole lot harder. | :16:31. | :16:36. | |
This government has launched an all-out attack on aspiration, on | :16:36. | :16:40. | |
the hopes and dreams of ordinary kids, as Daniel Johnson so | :16:40. | :16:45. | |
eloquently put it before. Before the election, David Cameron | :16:45. | :16:50. | |
bludgeoned people in the eyes. He said he would keep the education | :16:50. | :16:57. | |
maintenance allowance. He broke that promise. What kind of man does | :16:57. | :17:03. | |
that? Leaving thousands of young souls cut adrift? Cameron, the | :17:03. | :17:13. | |
:17:13. | :17:14. | ||
conman, that is who. APPLAUSE. What kind of man destroys | :17:14. | :17:17. | |
England's Careers Service with youth unemployment at record levels | :17:17. | :17:22. | |
and what kind of man chooses this moment, of all moments, to make | :17:22. | :17:26. | |
young people pay with their life chances? All across England you can | :17:26. | :17:31. | |
hear the sound of falling aspiration and it is terrifying! | :17:31. | :17:36. | |
Tony Blair said his priorities were education, education, education and | :17:36. | :17:42. | |
because of what he did, we can now go further. Aspiration, aspiration, | :17:42. | :17:50. | |
aspiration. APPLAUSE. Here we are, in Britain, | :17:51. | :17:55. | |
2011, and we have the spectacle of a Tory Education Secretary | :17:55. | :18:01. | |
promoting Latin and ancient Greek over engineering, ICT and business | :18:01. | :18:11. | |
:18:11. | :18:14. | ||
I want as many children as possible to take the subjects in the English | :18:14. | :18:18. | |
Baccalaureate but they are not right for everyone, as Andrew said | :18:18. | :18:23. | |
before. And yet the message is clear. Any school or student who | :18:23. | :18:28. | |
does not succeed and it is second best. And as we have heard today, | :18:28. | :18:33. | |
there is a growing grassroots rejection of Michael Gove and his | :18:33. | :18:43. | |
:18:43. | :18:43. | ||
elitist and divisive policies. APPLAUSE. Our task now is to reform | :18:43. | :18:47. | |
comprehensive education for new times, meeting the aspirations of | :18:47. | :18:57. | |
:18:57. | :19:00. | ||
every family and our country, and fulfilling Ed Miliband's promise. | :19:00. | :19:04. | |
Rewarding hard work, stretching the brightest, putting hope in every | :19:04. | :19:13. | |
heart. Thank you, conference. Burnham. And references to the | :19:13. | :19:17. | |
Blairite era didn't end there. Labour MP John Mann livened up | :19:17. | :19:20. | |
proceedings when he said that there were certain Labour members, past | :19:20. | :19:26. | |
and present, who weren't giving much back to the party. -- enough | :19:26. | :19:31. | |
back. There is one group of people who are not donating sufficiently | :19:31. | :19:37. | |
and that is Labour MPs with second jobs, former Labour ministers who | :19:37. | :19:42. | |
are doing consultancies for private industry... | :19:42. | :19:49. | |
APPLAUSE. And there is also the book writers, who like to tell us | :19:49. | :19:55. | |
about their memoirs. What I would like to see is in our report and | :19:55. | :20:01. | |
maiming of those who have got the bottle to donate money back to the | :20:02. | :20:06. | |
Labour Party -- they naming. So we can see who they are and we can | :20:06. | :20:11. | |
thank them for their donations. Some of them will be happy, to name | :20:11. | :20:15. | |
and shame those people who have made a fortune on the back of the | :20:15. | :20:19. | |
Labour Party and continue to do so and who are not prepared to give | :20:19. | :20:24. | |
the money when we need it! John Mann. He later confirmed that | :20:24. | :20:27. | |
he'd been talking about Messrs Blair, Mandelson and Prescott. As | :20:27. | :20:34. | |
if we hadn't guessed. Ed Miliband has been trying to explain what he | :20:34. | :20:39. | |
means by the end of the Blair-Brown Iraq, if he is anti-Blair and what | :20:39. | :20:45. | |
does he mean by producer and predator countries -- the Blair- | :20:45. | :20:51. | |
Brown era. He took to the stage this evening to face questions from | :20:51. | :20:58. | |
party and non-party members. Due to clarify a slightly vague bid in the | :20:58. | :21:02. | |
way distinguishing between business is doing the right thing and the | :21:02. | :21:06. | |
wrong thing will be administered -- can I ask you to clarify a slightly | :21:06. | :21:13. | |
vague bid. It is about the roars that you set. Let me give you an | :21:13. | :21:18. | |
example. The rules we set for the bank and how they run. Do they | :21:18. | :21:22. | |
serve small businesses or do they not? Not all banks are predators | :21:22. | :21:26. | |
but if they are engaging in short- term practices that damage the | :21:26. | :21:31. | |
economy, it is predatory behaviour. Why should a 17-year-old vote for | :21:31. | :21:37. | |
Labour? Let me tell you the most important thing of all, and that is | :21:37. | :21:42. | |
climate change. When I think about my kids, I can honestly say they | :21:42. | :21:47. | |
will be saying to me in 30 years' time, I hope they won't be talking | :21:47. | :21:51. | |
about the economic crisis, they will be saying, did you get it on | :21:51. | :21:58. | |
climate change? Dad, did you really get it? In the 1980s, the then | :21:58. | :22:02. | |
Dutch government brought in legislation that insured public and | :22:02. | :22:05. | |
private sector pensions, guaranteeing workers got the same | :22:05. | :22:09. | |
pension when they were tired that they signed up for. We you give | :22:09. | :22:12. | |
your word that serious consideration will be given to the | :22:12. | :22:18. | |
Dutch example? I can't do that and I will tell you why I think I can't. | :22:18. | :22:22. | |
You think I can. The reason I think I can't is because look at what is | :22:22. | :22:28. | |
happening to longevity. It is great that people are living longer, far | :22:28. | :22:35. | |
more than we expected. I am sorry you don't agree with me... The | :22:35. | :22:40. | |
truth about it is that unless we take seriously the cost challenge | :22:40. | :22:45. | |
of pensions, I don't think we are going to succeed. He clearly didn't | :22:45. | :22:51. | |
agree with me! I am going to say something which is quite rude. We | :22:51. | :22:58. | |
have the Germans sniffing around at the moment... I can't remember the | :22:58. | :23:03. | |
name, it was in the national papers. Please do not let the Germans take | :23:03. | :23:09. | |
their National Health like they have taken the trains. When we were | :23:09. | :23:14. | |
in government, we deduce the private sector -- we deduce the | :23:14. | :23:19. | |
private sector. I think we were right. That made a big difference | :23:19. | :23:24. | |
to cataracts, hip operations and other things. But I really think | :23:24. | :23:29. | |
that the idea that an NHS hospital, if it is badly managed, let it be | :23:29. | :23:34. | |
taken over by other management but I am not in favour of sending it | :23:34. | :23:37. | |
out to the private sector. I don't think that reflects the values of | :23:37. | :23:42. | |
the NHS. Don't you think it is time to bring David out of Siberia and | :23:42. | :23:46. | |
all of the rumours about backbiting? This party will not win | :23:46. | :23:52. | |
if people focus on that and that is what the media is focusing on. | :23:52. | :23:56. | |
Death is a massive asset to our party and politics -- David is a | :23:56. | :24:01. | |
massive asset. I want to have him back. In the end he has got to | :24:01. | :24:11. | |
:24:11. | :24:11. | ||
decide whether he wants to play a role in the shadow Cabinet or not. | :24:11. | :24:14. | |
The Labour leader has talked about wealth "built on sand" as example | :24:14. | :24:18. | |
of bad companies. So when I spoke to Shadow Business Secretary John | :24:18. | :24:21. | |
Denham I asked him if the tax revenues which poured into the | :24:21. | :24:24. | |
Labour government coffers during the financial boom years under | :24:24. | :24:28. | |
Labour was wealth built on sand. That approach to the economy was | :24:28. | :24:31. | |
and one that was sustainable in the long term and that is why Ed | :24:31. | :24:36. | |
Miliband was talking about the rules when you were taking all that | :24:36. | :24:40. | |
money, billions of pounds from financial services, you did know | :24:40. | :24:47. | |
and you certainly did not say it was built on sand. | :24:47. | :24:51. | |
After losing an election, we should say, do we understand what needs to | :24:51. | :24:55. | |
be done in the future. We have a record as a government that I am | :24:56. | :25:00. | |
very proud of but there were things that happened and things we did not | :25:00. | :25:03. | |
get right that we need to change in the future. | :25:03. | :25:09. | |
My point is that all of us, we do not know when wealth is built on | :25:09. | :25:14. | |
sand and when it isn't. Who would have thought that there will Bank | :25:14. | :25:19. | |
of Scotland turned out to be wealth built on sand? -- Royal Bank of | :25:19. | :25:23. | |
Scotland. If we have as many companies as possible which invest | :25:23. | :25:27. | |
long term, which trained their staff, which take the environment | :25:27. | :25:31. | |
seriously, which want their customers to be with them in 15 | :25:31. | :25:35. | |
years' time, not just 15 minutes, those companies are the ones that | :25:35. | :25:40. | |
are most likely to bring success to the country. We have always known | :25:40. | :25:45. | |
that. But we don't have an environment that fosters that so it | :25:45. | :25:49. | |
has been possible to make more money by doing short-term things | :25:49. | :25:52. | |
than by building a long-term business so what government has got | :25:52. | :25:57. | |
to do is create the environment for those good companies to go. You | :25:57. | :26:02. | |
won't get good companies without good government. But you penalise | :26:02. | :26:07. | |
companies that don't follow you? You can't come in after a company | :26:07. | :26:11. | |
has done something and say we will punish you, you have to get the | :26:11. | :26:16. | |
incentives right in the first place. This is not about morality. It is | :26:16. | :26:20. | |
recognising that if the walls of the game say you can get more by | :26:20. | :26:25. | |
speculating, people will. So let's make it so that companies who built | :26:25. | :26:29. | |
their wealth for the long-term growth. This country is full of | :26:29. | :26:34. | |
companies that invest for the long term. Isn't it? There are not | :26:34. | :26:39. | |
enough of them for the size of our country to pay our way in the world. | :26:39. | :26:44. | |
We have brilliant companies but we also have ones with short-term | :26:44. | :26:50. | |
business models. I will not name them. Why? Because no company fits | :26:50. | :26:54. | |
entirely... If you cannot name companies, it is impossible to have | :26:54. | :27:00. | |
a proper debate. No. It is about looking at the features in | :27:00. | :27:04. | |
companies that you want to encourage. How many ministers in | :27:04. | :27:08. | |
the shadow Cabinet have first-hand business experience? I don't know. | :27:08. | :27:15. | |
For who has? I set up the social enterprise very successfully myself | :27:15. | :27:21. | |
30 years ago. Do you have many business folk in their Cabinet? | :27:21. | :27:26. | |
have lots of business people around the party. If I go through them, I | :27:27. | :27:31. | |
don't think any come to mind that have made their main careers in | :27:31. | :27:36. | |
business of and yet you think, although your Shadow Cabinet has no | :27:36. | :27:40. | |
business experience, you think you can judge when wealth is not based | :27:40. | :27:44. | |
on sand, when it would be good or bad to sell accompany on in five | :27:44. | :27:50. | |
years' time, whether venture capital lays down the right | :27:50. | :27:54. | |
business. You have no qualifications for any of that! | :27:54. | :27:58. | |
What was said yesterday has not come out of thin air. If you talk | :27:58. | :28:02. | |
to business, this is a discussion they are having. It is the conflict | :28:02. | :28:06. | |
they often find between long-term wealth creation and short-term | :28:06. | :28:12. | |
decisions, the dilemmas faced by small companies that want to grow. | :28:12. | :28:15. | |
John Denham. And that's it for today, on a day when the Labour | :28:15. | :28:18. | |
leader came under some pressure to put flesh on the bones of | :28:18. | :28:21. | |
yesterday's speech and to tell us more about exactly how he planned | :28:21. | :28:27. | |
to part company with the recent past. I suspect he'll be doing that | :28:27. | :28:35. | |
for some time to come. Tomorrow is the last day of conference. | :28:35. | :28:37. | |
Appearing on stage will be the Shadow Communities Minister, | :28:37. | :28:40. | |
Caroline Flint, the Shadow Leader of the House, Hilary Benn, and | :28:40. | :28:42. | |
Harriet Harman, who'll give the traditional Deputy Leader's | :28:42. | :28:52. | |
:28:52. | :28:56. |