Skip to main content

tv   Inside Story  Al Jazeera  October 15, 2022 8:30pm-9:01pm AST

8:30 pm
real time to chili's navy, which in turn alerts the nearby ships. and it is exactly what the technology does. it alerts of the presence of the oil. so the captain can temporary or change the course and avoid collisions conventional radar. and so new technology on ships cannot detect the presence of whales, which are usually most at risk while feeding at night. michel andre, who created the leader technology, says noise generated by ships can be lethal, as it distorts the marine animal sooner hearing and communication systems. here are we are we, these are thought found that we hear from the engine outside of the water. if we will have or hear every, the water is, will be a 1000 time louder than we are. you in the human ears can't detect it, but it seriously disorient whales and dolphins putting them in harm's way. this boy is part of an ambitious effort by chili's government and n g o z,
8:31 pm
like the merry foundation to turn the pacific ocean into a by a logical corridor between canada and southern chile. these whales come here and say 2 to blow, but they, they travel all over the pacific ocean. so this is the 1st boy, but there will be others and there will be in the ocean of other of other countries as well. many, many more of the special boys will be needed to make a difference, but rather than drop in the ocean, this one is being seen as an important 1st step to see a human al jazeera santiago. ah, your child is there with me. so robin doe horrible draw top new stories. the turkish president has visited the site for mining accident in the town of us for $41.00, people were killed in the explosion recipe out on also mit survivors and paid his
8:32 pm
condolences to the victims. families and im considered has more from a master been a very tough day. oh for the family then for the with the last night. i finally the last buddy. all the worker was found and present. ardon announced that has been found and evacuated from the site for 4 to one people. most of them have been very, it is in this morning and the families are very upset. they don't want to talk to friends. we try to get in touch with them to disease opposition coalition is protesting against fuel and food shortages grounds of gathered in the capital tunis, the leaders of the national salvation front are against next year. as legislative elections. the u. k. 's new chancellor is warning of difficult decisions ahead, including an increase in taxes. prime minister less trust sacked her previous
8:33 pm
chancellor on friday. the 1st group of russian soldiers have arrived in bella roost . their convoys expected to team up with bella, russian soldiers. the bell russian president has claimed ukraine was plotting to attack his country. it had announced a joint force with moscow. and russian forces of bombs, several towns that ukrainian soldier seized in cash on the ukrainian military told al jazeera is suspects. the goal of the russian attacks is to secure air defense points and munition depos. those were the headlines will be back with more news and half now inside story is next. ah is the u. k. prime minister in trouble lives? trust sat her chancellor, after early
8:34 pm
a few weeks in office and reversed major economic policies. a turbulent start for a new government, but in a dire economic crisis, how will trust face her challenges? this is in science. ah. hello and welcome to the program. i'm emily anglin. you case new chancellor says he didn't vote philly's trust but supports her economic plans. jeremy hunt was appointed on friday after trust sacked, his predecessor kweisi quite ang, just 6 weeks into the jump. his tax cutting at many budget finance through billions in increased borrowing lead to outrage and protests. the pound immediately fell to
8:35 pm
its lowest level against the u. s. dollar, the bank of england was forced to intervene and buy up government bonds to stabilize the economy. and with increasing pressure on the prime minister these trust did another you turn on friday. she announced corporation tax would rise from 19 sentence 25 percent next april. rather than staying at the current level, as promised by quite ain't in his many budgets. and j. simmons has moved from london. and so another chancellor has moved into 11 downing street, jeremy hunt, the 4th in only a 100 days. and a situation that's extraordinary in british politics right now with less trust, the prime minister, having only served for just over a month, fighting for her political life. why? because she promised what, perhaps she could not deliver. simply because the markets don't agree with what's going on. there's no proof that the money can be paid back. the money that she
8:36 pm
wants to use for tax cuts. and so we've had to you turn so far, but now something much bigger than that because the markets and are waiting on what this new chancellor has to say. he's working the weekend, the treasury offices trying to work out a means of cutting back in many areas and trying to give in some others. but really he's going to overturn the whole of what his trust was promising. all along is very clear that's going to happen. he did give tacit support in his round of media on saturday morning. but in essence, he was talking about raising taxes and reducing debts where he can, he may actually also make cuts in a whole bunch of allowances and various departments. it is a situation where bile is trust is not really going to get the recognition for any
8:37 pm
credibility she may have left. so the conservative government is looking for another leader. there's no doubt about that. your question is could it lead to a general election? they don't want that, could they just install a caretaker government, a catholic, a prime minister, and basically say this truss good by the could pressure her to go. so right now, a new chancellor who has to convince the markets and a prime minister fighting for survival. andrew simmons inside story and we have reaction from the u. k. labor party. later kids starman says a change of government is needed on the still one person clicking on the prime minister. no doubt, we'll hear plenty of laughable excuses in the coming days. after 12 years of start motion, that's all her party has left. but even the note she called
8:38 pm
fixed the mask that she's good. and deep down her m p. 's know something else. they no longer have a mandate from the british people. ah, let's bring in our guests, they're all joining us from the united kingdom in that manchester absol can alive a member of the british parliament and a former member of the european parliament in london and pet for an economist and author of the case for the grain a new deal and regularly advice his governments and from borne miss ed tobias elwood, a conservative member of parliament and chair of the u. k. house of commons defense select committee. a warm welcome to each of you. thank you for joining us on the program. i want to start with you. tobias simply will live trust be prime minister this time next week. well is no doubt about the way you frame that question. it's
8:39 pm
been very difficult the most difficult summer. i can remember in politics, but this experiment that she put forward to have on cost of tax cuts clearly did not sit well with the market to didn't sit well with members of parliament and didn't sit well with the public. and she's had to learn the hard way that we need to go back to something a bit more progressive, inclusive. and so i'm pleased that it's, though it's been very, very painful. indeed, we now have a new chancellor when the platinum pulling out a new economic direction. i know that too soon. and in my, my opinion we had a leadership contest which aust, poxy membership, the direction of travel. and that's the way they wanted to go right. i don't believe if we have to replace a prime minister again. we should have to be courting that membership in this way. it should be m p 's to decide the future direction of travel. so we can tease out
8:40 pm
the portfolios. we can tease out the parameters in which a new prime minister may want to go and we could have avoided a lot of pain that we've experienced in the last couple of months after the opposition has a completely different tag there. calling for a general election is that needed? why been? so because the bottom line is this. so the problem is where you know the hard from this is not of our governing effectively the government. what we have seen is the chaos, the last 10 years of growth. and here you have a list of who was joined in the way the chancellor and when she got into trouble with the kind of a policy. and this is the name of the boss is trying to say next question is when the market forces confidence. and the truth is, i can see how do we have a company and i do want to get to the economic fall out in just a moment,
8:41 pm
but to buy if i could just get you to react to f. so as he said, trust in the ex chancellor designed this budget together. how come she gets to stay and he has to go i mean that is part of mentary system, but we shouldn't dismiss the fact that it's been, she's concerned amongst back benches, including myself. i'm pleased to see darn me. hunters now joined the team. he'll provide his economic outlook on the 31st of october and that is the process that is our system. i hit labor calling for the general election. we call for general lex, when gold brown came in, don't forget, he's the one that sold out gold at the wrong price at the wrong time. so, you know, decisions are made all the time, which on reflection you might want to do differently. ultimately, let's see where things go with jeremy han with the statement with a new economic bottle. that's the best direction forward at this moment in time.
8:42 pm
the idea of seeing how things go to bias, the british public didn't necessarily vote for trust or her policies. why should they give her that time? again, that is the british model here. you don't vote for a prime minister, you vote for a party to be in government. we don't have a presidential system in this country. this is nothing new. it comes up every time a prime minister is replaced while in office. and like i said, i don't believe if we did this again. we should adopt these rules where we go to our poxy base and ask them because they have a very different outlook. but m p 's that we do looking at the next general election itself. and i think that applies to labor as well. it was actually william hague, who introduced the rules. margaret thatcher was replaced not with the membership but by m. p. 's alone. so we go through this process again. i believe it should remain in house with the members. apartment with parliamentary party have sell your reaction. i think we have is mostly on the
8:43 pm
market and i think could be what you have. the chancellor was giving a different direction and you have a crime, mr. was fun going around the cookie directions. so the be the whole tension between the 2 forces that we have in government and that is a problem. so you have a history where you ended up before chancellor in 4 months. how do market constant is that? and then when you look at what's happening, i think you loss of the country to day for, you know, just tell you the chancellor will do, i think ultimately the need to do the best that it's actually that are gonna election. but for the people of britain, decide, press government, government device, you, it,
8:44 pm
smiling or snacking there. that's certainly not your opinion. well, as i say, it's always the call of the opposition party. when the government is in trouble. when there's a change of leadership, let's have a general election. i've just admitted and made it very, very clear that we got that economic model wrong. that this i did is find a high approach to reducing taxes in isolation because of britain's global position . we are subject to economic international economy headwinds, which we have to bear in mind. what is going on in ukraine, for example, they need to be factored in. so it's quite right that we do this economic adjustment. we have to wait to see what jeremy hunt is going to do, but he's made it very, very clear. there's probably possibly going to be a rise in texas. we're going to reverse the changing corporation tax. we've already seen that change in the $45.00 p tax rate arcs to see other changes to which will
8:45 pm
be to the liking of the market. i didn't date to m p, 's entity, britain as well. so now isn't the time to hold a general election? well, let's bring in and pitiful. now, speaking of the economy, how wrong did they get it and how wrong did the tories get it in terms of their, their economic model. so thank you very much, but the point is this the top notch the toys and they want to clean up the political fee and how ever ruthless say all about changing up the mess. it's been a politically, it's much, much harder to do anything about the deep scars in the british economy that have been, that are a consequence of this roll policy making this wreck this i have to say, i'm holding it by the, the image of the very casual chance the strolling down the street and flinging a good, i haven't grenade into the global capital markets so. so carelessly,
8:46 pm
so without, without awareness of consequences. and so the scars from lack of mistake, a very, very deep and will take a long time to bend. and when i say scars, i'm talking about the 5000000 people in britain who again have to face increase mortgages of higher rates of interests in the next. yeah. right. that's an awful lot of people. that's families. those of people who are going to have to cut back on they spending by, i don't know, 600 pounds of bonds. that's going to impact that a seriously. and then. but also in an aggregate terms, it's going to be damaging, further damaging to the economy. and this damage isn't something that happened 3 weeks ago. we've had catastrophe, shock off to shock. and so the, the, the, the contest free which that was the 20079 crisis, was a direct result of the higher king. hi,
8:47 pm
kin de regulation model. that mistrust is so proud. all right. deregulation is what led to restless activities, international financial system and gave us that shock. and then when that shock scarred our economy very badly, just born decides to deepen the damage with austerity. so we've had 12, yes, of course therapy, that's be faxed to mistrust. and indeed, far as johnson 1st, johnson was elected on a mandate or reversing austerity of leveling up. not leveling down. and miss truss was actually gained to level down by cutting taxes to the rich and hammering the put deep austerity with refusing to increase benefits align with inflation. so it, you know, the poor british economy has been handed of the last 12 years. and it's not
8:48 pm
surprising, therefore, that the markets have no confidence in our ages. and may i say this, the markets are demanding austerity. what they're demanding is prosperity. they want to see fully proven. they will see people in different jobs. they want to see people with decent income, said generate tax revenues for balancing the books. if you, if you lower people's wages, which is what's happening now. you know, wait, wait is being forced down, you low income, and therefore you low a tax revenues and therefore you worse than the budget deficit you don't improve. so to buy, that's what you bought. 100, if you have more or 30 indeed, and i just want to buy or can jeremy behind the ship what i lost not that was missed over that. i mean, you 1st, you've got coded that added 400000000000 pounds to the, you know, the, the books that we had to pay off. you then have the actual headwinds of ukraine, which we could do much more to reduce inflation because of those grain ships and
8:49 pm
coming out of a desa for example. but i'll say you're right about interest rate because brit britain was wanting to borrow more. now you could borrow less, we've made that very clear. you change the corporation tax, it's $18000000000.00 pounds. that's now been now been found. so we will see interest rates. yes, they've gone up. they are potentially likely to come down as well. what the markets want, in addition to those things that you were mentioning, it's stability, it's predictability, and that's what we're now going to get back to, but absolutely broad. i'll put my hand up and say, we go through a lot of pain to get that. the bottom line, what so we haven't had productivity grades in this country since 2008. so the modeling that we've had, whether it be georgia, whether road. so what this truck was trying to do if i could finish is actually try to provide a more radical approach, which i didn't agree with. but she did. and now the other economists were driving her on to say it was yes, it's sort of that higher approach of absolutely unfunded tax cuts,
8:50 pm
thinking that they would pay for themselves that clearly in today's day and age with the economics of choice we've, we've faced, that was never going to happen. ok, i want to get and to jump in there and respond and then i would like to bring in f cell after that. so, and if you'd like to briefly respond, what i think, you know, what covert showed us is that the fiscal response, fiscal policy is subordinated to the really, really urgent policy of having to deal with a shock like cove it. and equally today, fiscal policy should be subordinate to the broader objective of creating investing . and if we have low productivity is because we have low levels of investment. now the bank commitment is insisted on wrapped up interest rate. that is going to discourage investment and we need more investment in people in infrastructure. we particularly just because if they see climate breakdown,
8:51 pm
we need to transform our infrastructure systems, transport, energy, and so on, in order for us to survive. the next shock this coming, which is a climate and by diversity shock, and so that we need investment. and what we're getting now is a reversal of investment high interest rates and discouragement both of public and private investments is not good to be very bad. so that should call me as well as of course not be preparing us for the big crisis of climate break app. so what should the u. k. be doing at this critical junction a clear and we've been asking them to ask you about it, asking them through this many, but you can simply go around spending 60000000000. they're trying to borrow this and then giving that money also too much money to the rich people. the idea that you're getting with is going to help the doesn't make sense is the who knew them or
8:52 pm
how and what they're going to give them. what they do is put that money in the bank . but if you give it to the rest of their whole, i can send it economy to go. so i think this is going to lead to look and i think we've given the idea of making sure that we're in full text on those companies who is making billions from rest of us that go with tax. that's the best way of doing it. so i just think they're getting it totally wrong again and again. and one of the other thing i would say is, you know, if you look at the history, you will find that look, that has been difficulties. but it's how you deal with those difficulty, which is the key and the history you will see whether it's a lever or then move it immediately and document that disco we see together again, sitting back and letting the damage happen. and then they do the thing they should
8:53 pm
have. well, let's look at the cooperation tax. jeremy hunter said he will increase it to 25 percent. but to by say, still going to be a giant black hole. how's he going to make the sams add up? well, that's what we have to wait for the 31st of october. what he has done is taken away some of those red lines if you'd like that. or if you choose to say that we're not gonna look at government spending and looking at more efficiencies and looking at raising tax as well. so these are more sensible approach which again the market will like. so we have to wait the 31st of october, but what we are going to see is more fiscal responsibility. and it says one thing of the conservatives of always been very, very proud of up until this moment, of course, has about fiscal responsibility. and that's why it's so critical for us to get back and repair that reputation. and where does this leave the u. k. in at fellow let you respond to my before i want to make it to this not
8:54 pm
vacant. now. the still for the financial statement, when there's a chaos taking place in the financial markets, the sensible thing to do would be that many by far the statement having that gap is also the uncertainty. and what's going to happen, i mean i would like to, to vice place what i absolutely it would be nice to have those that statement brought. busy forward i think we now give jeremy hunt a little bit of space for him to do his homework. what we're seeing here is a radical change in direction. what we had during the summer in the build up in the contest. and then indeed in the last few weeks, so i think we owe it's jeremy to give him the space in order in order to do that. but already, i'm afraid i disagree with seeing the market settle. we're seeing a sense of stability coming in there. we'll look at the chest as to why we will have a better clarity about that on the 31st of october. but surely,
8:55 pm
and if i can address this question to you, we need to give jeremy spaces to by says, but surely the u. k. public deserves samantha is now given the uncertainty that has ensued over the last 6 weeks or so. exactly. the question is, the question facing public is how do we cope with our energy bills? how do we cope with the cost of living crisis? how do we cope with our mortgage bills go up? how do we cope with the fact that we actually, you know, with those 30 and rises in interest rates and the lack of investment, we're going to have a question about employment or unemployment. so the uncertainty for the british public is really intense, especially for families. and somehow or other we, we can't just regain the confidence of the markets or the confidence of consumers by simply shoveling, changing the tech has
8:56 pm
a few like on the same to ship. there is some thing about this government which is deeply unstable and people don't believe that simply switching chances is going to stabilize stabilize things overnight. i'm very worried about the bag convenience determination to just carry on raising interest rates. and it's, that's a bubble out which is causing disruption, not here, just here in britain, but globally, the central bank is all of them technocrats, none of them elected, none of them accountable to the people of britain united states. so europe are getting ahead to fight inflation to fight high energy and food prices, which have got nothing to do with central banks, but a global that they don't. there's not those pressures, they're not fixed here in britain. they're fixed in the chicago market. sorry that the chicago mercantile exchange see to me so. so the idea is attempt bank is,
8:57 pm
can manage those prices by rac to take up rates in my view is deeply damaging, not just the base economy a to the rest of the world. and those problems will still be facing us on monday when we have a new chancellor. all right, well we're about to wrap up the show, but i'd like to ask you all briefly. leaves trust repeatedly stressed in her press conference on friday that the public wanted stability to buy. so start with you. what's your message to the u. k. public? let's listen to jeremy hunt. we also need to make it clear from a conservative perspective. we can have experiments like this britain does well under conservative government, what it's a one nation approach. when we have a centrist approach that brings together the strength about parliamentary policy from all sides of the you know, the both the, the left and the right of the party. and what this trusted at the beginning was to just get all, you know, those in the right of the party were given the jobs. we've got the hard way. we
8:58 pm
only have one song to get it right. we're changing the direction we need to add to that the political direction and finally the international direction as well. there's a gap in the market for international leadership. and i like to see britain step is that the tackle the oil gas, and indeed the food crises that would say, well connected to eastern europe and indeed ra hand up. so just a brief comment from you for me to briefly the visual walk to the heart pace while we had from the tory government to decades, the buyers will have the lowest growth in the to get the history. and still there was one produced by 50, get off to get customer services. i think people are sick and tired, but need to do so. we need to have a good on election. ok, well we have to leave it there, but we appreciate everyone's thoughts. thank you. to all of our guests, s l. com and pitiful and to buys l would. it's been
8:59 pm
a fascinating discussion. thank you to for watching at home. you can say the program again. anytime by visiting our website, al jazeera dot com and prefer the discussion, go to our facebook page, that's facebook dot com, forward slash i j inside story. you can also join the conversation on twitter. i'll handle is i j inside story for me, emily anglin, and the entire team here in the ah ah ah
9:00 pm
ah, becoming a living legend that a young age was simply not enough. he transformed his influence on the pitch in the political clout, brought peace to the ivory coast, posted by eric canton football rebel. the life did yet drop by the football who succeeded, where politicians had not the da drop by the eye boy and civil war on al jazeera. ah.

23 Views

info Stream Only

Uploaded by TV Archive on