this is bbc news, the headlines: france and germany have urged president putin to engage in peace talks as russia continues its ukranian offensive in the donbas. the russian ambassador to the uk has told the bbc that moscow will not use tactical nuclear weapons in the battle for ukraine. president biden has renewed his appealfor tighter gun controls, following the texas elementary school shooting. mr biden is due to visit the town of uvalde — where 19 children and two teachers were killed — as the families prepare for the first of this week's funerals. real madrid have won the champions league final, after a 1—0 victory over liverpool in paris. the spanish team took the title for a record fourteenth time. kick off was delayed by 30

minutes, as fans struggled to get into the stade de france. more than 60 people were arrested. now on bbc news, it's time for dateline london, with sean ley. hello and welcome to the programme which brings together columnists from uk newspapers with foreign correspondent to write blog and broadcaster audiences in their home country from the dateline london. this was the week when sue gray delivered her report into whether the downing street

party. did the report itself deliver? we learnt the likely impact of surging energy prices and a doubling of the number in fuel poverty in the uk. the government's answer? throw money at the problem. is a proportionate or inflationary? and what about the other sharply rising bills as stalking the globe. to discuss that, we have stephanie baker a senior writer with bloomberg markets, steven richards, personal commentator who presents a podcast and ian martin who founded and edits chemical reaction and is a connellan —— columnist for the times to let's head straight in. at the end of the week much predicted, much debated where is the prime minister �*s position now do you think? fin position now do you think? on one level _ position now do you think? q�*i one level he has survived. there was all this hype about sue gray who was an official inside the government conducting a report into the parties are people heard about and in the end the report really, not exonerated him but let him off the hook and it is

a classic boris situation where he just sort of delays, creates confusion, we felt we knew what was in the report by the end, her conclusion was fairly bland and he is free again. in that sense he has survived what was supposed to be a week that might bring him down but he just gets away with it again and borisjohnson always seems to have the knack of doing that. underneath the surface it is more complex. you can feel big shift in british politics going on, i think, big shift in british politics going on, ithink, personally, that you can start to see a beginning, not necessarily a consensus but people starting to see each other around whitehall, the media in the uk that there is a labour government coming because even though it is not finished off borisjohnson it has trashed the tory brand and trashed his personal brand and i think it will be very difficult for him to recover longer term and he

may attempt to fight the next general election but boris, remember, is a personality. i used to work with him years ago on the telegraph and he is always very much in terms of just getting through the next day in getting out of a particular scrape. at the end of this week he will be pretty pleased that he survived. steve richards, should _ pleased that he survived. steve richards, should he _ pleased that he survived. steve richards, should he be? - pleased that he survived. steve richards, should he be? in - pleased that he survived. steve richards, should he be? in my| richards, should he be? in my view, — richards, should he be? in my view, no, _ richards, should he be? in my view, no, but my view, frankly, is an_ view, no, but my view, frankly, is an interesting and relevant. but we — is an interesting and relevant. but we would like to hear your view. ~ , ., , ., view. my view on him is that it is obvious. _ view. my view on him is that it is obvious, he _ view. my view on him is that it is obvious, he made _ view. my view on him is that it is obvious, he made the - view. my view on him is that it is obvious, he made the rules| is obvious, he made the rules and _ is obvious, he made the rules and broke _ is obvious, he made the rules and broke the rules and lied about— and broke the rules and lied about it _ and broke the rules and lied about it in the view of many. but — about it in the view of many. but the _ about it in the view of many. but the more interesting question is why has he survived, given that? it is worth_ survived, given that? it is worth remembering that british prime _ worth remembering that british prime ministers rarely offer their— prime ministers rarely offer their own resignation. harold wilson— their own resignation. harold wilson did it and no—one else in modern _ wilson did it and no—one else in modern times and there for i think_ in modern times and there for i think it — in modern times and there for i think it is — in modern times and there for i think it is wholly unsurprising thet— think it is wholly unsurprising that he — think it is wholly unsurprising that he is— think it is wholly unsurprising that he is still there. prime

ministers, when they are in deep— ministers, when they are in deep trouble, reach the conclusion that it is in the nationat— conclusion that it is in the national interest that they carry— national interest that they carry on— national interest that they carry on and he has reached that — carry on and he has reached that. ~ , ., ., ., that. why those who are in a osition that. why those who are in a position to — that. why those who are in a position to not _ that. why those who are in a position to not share - that. why those who are in a position to not share that. position to not share that view, why have they not, as they have done before, acted, even though...? they have done before, acted, even though. . . ?_ even though. . . ? that is the other interesting _ even though. . . ? that is the other interesting question. | other interesting question. they— other interesting question. they have done before, with margaret thatcher. she won three — margaret thatcher. she won three elections by then and had ruled _ three elections by then and had ruled for— three elections by then and had ruled for 11 years. this is just— ruled for 11 years. this is just 25— ruled for 11 years. this is just 2.5 years after he won the huge _ just 2.5 years after he won the huge majority so, again, i think— huge majority so, again, i think it _ huge majority so, again, i think it is _ huge majority so, again, i think it is unsurprising at this— think it is unsurprising at this point that tory mps have not moved to topple him. and this is— not moved to topple him. and this is a — not moved to topple him. and this is a weird conservative parliamentary party. lots of people _ parliamentary party. lots of people there, new to national politics— people there, new to national politics and it is a very big thing _ politics and it is a very big thing to— politics and it is a very big thing to topple the prime minister. sol thing to topple the prime minister. so i am not surprised is still— minister. so i am not surprised is still there. i don't think it is still there. idon't think it is— is still there. i don't think it is that _ is still there. i don't think it is that he is a genius of getting _ it is that he is a genius of getting out of holes. he follows a pattern very familiar

in british _ follows a pattern very familiar in british politics and that does _ in british politics and that does not mean that tory mps might— does not mean that tory mps might still move against him because, _ might still move against him because, in my view, trivial though— because, in my view, trivial though that element of it is, what — though that element of it is, what he _ though that element of it is, what he has done is so transparently appalling voters will notice and that may lead to things. will notice and that may lead to things— will notice and that may lead to things._ the - will notice and that may lead | to things._ the tory to things. let's see. the tory tribe is divided. it _ to things. let's see. the tory tribe is divided. it does - to things. let's see. the tory tribe is divided. it does not . tribe is divided. it does not uuite tribe is divided. it does not quite know _ tribe is divided. it does not quite know what _ tribe is divided. it does not quite know what to - tribe is divided. it does not quite know what to do. - tribe is divided. it does notj quite know what to do. the reason he is there an mps have not moved against him in sufficient numbers is that they don't know who will replace him. a few months ago that may have been written sooner but he has taken a huge knock on the last few months and faces enormous economic problems. so who really wants to take over? there are no real potential successors but no obvious frontrunner. they are watching and waiting. but there is a part of the tory tribe the belief that, ultimately, he is a winner and that boris, in the past has always got away with it and somehow he will come through these problems. don't remove someone who has

extraordinary charisma and has proved himself a winner in the mayoralty, he won brexit, him won the stonking majority in 2019 to give him one last go. i think that approach is misguided because i think the view that settling in with voters of distrust i think is so serious that ultimately i think it can be very hard for him to bounce back. this think it can be very hard for him to bounce back. as ever, olls him to bounce back. as ever, polls are _ him to bounce back. as ever, polls are a — him to bounce back. as ever, polls are a snapshot - him to bounce back. as ever, polls are a snapshot of - him to bounce back. as ever, polls are a snapshot of the i polls are a snapshot of the particulars time but the financial times published in figures after the sue gray report that suggested 65% of voters think that borisjohnson should resign and these are all voters, regardless of which party you normally support. many thought the prime minister misled parliament. with those figures, if it is a snapshot it may not matter but is there a shift, stephanie, in the perceptions of the prime minister that we ought to worry his party?

minister that we ought to worry his -a ? ~ . minister that we ought to worry hisa 7~ .,, ,, his party? what surprised me was that you _ his party? what surprised me was that you did _ his party? what surprised me was that you did not - his party? what surprised me was that you did not have - his party? what surprised me l was that you did not have more tory— was that you did not have more tory mps — was that you did not have more tory mps standing _ was that you did not have more tory mps standing up _ was that you did not have more tory mps standing up in - tory mps standing up in parliament— tory mps standing up in parliament criticising i tory mps standing up in . parliament criticising him. given— parliament criticising him. given what— parliament criticising him. given what we _ parliament criticising him. given what we all- parliament criticising him. given what we all know i parliament criticising him. given what we all know is| parliament criticising him. i given what we all know is the public— given what we all know is the public mood _ given what we all know is the public mood on _ given what we all know is the public mood on this. - given what we all know is the public mood on this. you - given what we all know is the . public mood on this. you know, you had — public mood on this. you know, you had mps— public mood on this. you know, you had mps come _ public mood on this. you know, you had mps come out- public mood on this. you know, . you had mps come out afterwards to make _ you had mps come out afterwards to make these _ you had mps come out afterwards to make these statements - you had mps come out afterwards to make these statements and . to make these statements and criticise — to make these statements and criticise him _ to make these statements and criticise him but— to make these statements and criticise him but using - to make these statements and criticise him but using the - criticise him but using the floor— criticise him but using the floor of— criticise him but using the floor of the _ criticise him but using the floor of the house - criticise him but using the floor of the house of- criticise him but using the - floor of the house of commons they— floor of the house of commons they seem _ floor of the house of commons they seem too _ floor of the house of commons they seem too shy— floor of the house of commons they seem too shy to _ floor of the house of commons they seem too shy to do. - floor of the house of commons they seem too shy to do. i- they seem too shy to do. i think— they seem too shy to do. i think the _ they seem too shy to do. i think the real— they seem too shy to do. i think the real test - they seem too shy to do. i think the real test will - they seem too shy to do. i. think the real test will come when — think the real test will come when this— think the real test will come when this parliamentary- when this parliamentary committee _ when this parliamentary committee convenes. . when this parliamentary committee convenes. this is the - rivile . es committee convenes. this is the privileges committee. _ committee convenes. this is the privileges committee. to - privileges committee. to determine _ privileges committee. to determine whether or not he deliberately— determine whether or not he deliberately and _ determine whether or not he deliberately and wilfully - deliberately and wilfully misled _ deliberately and wilfully misled and _ deliberately and wilfully misled and lied - deliberately and wilfully misled and lied to - deliberately and wilfully - misled and lied to parliament and, _ misled and lied to parliament and. um. _ misled and lied to parliament and. um. he _ misled and lied to parliament and, um, he will— misled and lied to parliament and, um, he will have - misled and lied to parliament and, um, he will have to- and, um, he will have to testify— and, um, he will have to testify in— and, um, he will have to testify in front _ and, um, he will have to testify in front of - and, um, he will have to testify in front of that. testify in front of that committee _ testify in front of that committee and... - testify in front of that committee and... it. testify in front of that committee and... it kicks the can down _ committee and... it kicks the can down the _ committee and... it kicks the can down the road. _ committee and... it kicks the can down the road. that - committee and... it kicks the| can down the road. that could take very _ can down the road. that could take very long _ can down the road. that could take very long time _ can down the road. that could take very long time to - can down the road. that could take very long time to come l take very long time to come through— take very long time to come through to _ take very long time to come through to a _ take very long time to come through to a conclusion - take very long time to come through to a conclusion butl take very long time to come . through to a conclusion but he will try— through to a conclusion but he will try to _ through to a conclusion but he will try to wiggle _ through to a conclusion but he will try to wiggle his _ through to a conclusion but he will try to wiggle his way - through to a conclusion but he will try to wiggle his way out l will try to wiggle his way out of it— will try to wiggle his way out of it and _ will try to wiggle his way out of it and like _ will try to wiggle his way out of it and like usual, - will try to wiggle his way out of it and like usual, he - will try to wiggle his way out of it and like usual, he will. of it and like usual, he will pass— of it and like usual, he will pass his _ of it and like usual, he will pass his words _ of it and like usual, he will pass his words and - of it and like usual, he will pass his words and fudge i of it and like usual, he will| pass his words and fudge it of it and like usual, he will- pass his words and fudge it and hope _ pass his words and fudge it and hope that— pass his words and fudge it and hope that try— pass his words and fudge it and hope that by the _ pass his words and fudge it and hope that by the time - pass his words and fudge it and hope that by the time comes i hope that by the time comes around — hope that by the time comes around people _ hope that by the time comes around people will— hope that by the time comes around people will have -

around people will have forgotten _ around people will have forgotten-— around people will have foruotten. ~ ., forgotten. what about the culture of _ forgotten. what about the culture of government? i l forgotten. what about the i culture of government? i was interested by something that a veryjuniorfor grim interested by something that a veryjunior for grim british politics, paul holmes, said when he gave up his unpaid ministerial advisory role on friday. he said he felt a deep mistrust in both the government and the conservative party. he spoke about a toxic culture that seemed to have become active in downing street and he worried about that long—term. i wonder whether this report, i mean, for example, the criticism of civil servants is arguably a significant as it is of all editions in the sue gray report. whether there is a sense that maybe this has damaged notjust an individual or a party, damaged notjust an individual ora party, it damaged notjust an individual or a party, it has damaged practising government. it has. that is a reality of the british system. essentially attends to reflect the personality of whoever is prime minister and boris is, let's face it, a fairly shambolic figure and i think what the sue gray report revealed is that

ultimately those officials who may quite lock that went like boris in a chummy way, they do not him. it boris in a chummy way, they do not him. , boris in a chummy way, they do nothim. , , ., not him. it is impossible to imaaine not him. it is impossible to imagine that _ not him. it is impossible to imagine that culture - not him. it is impossible to imagine that culture or - not him. it is impossible to | imagine that culture or that behaviour under, say, gordon brown tourism may or margaret thatcher or anyone since the war. goodness, churchill drink during the war but the staff in number 10 really respected him and felt that they were doing something important. mr; something important. my colleague _ something important. my colleague had an interesting through— colleague had an interesting through this _ colleague had an interesting through this week— colleague had an interesting through this week about, i colleague had an interesting i through this week about, given the excruciating _ through this week about, given the excruciating detail- through this week about, given the excruciating detail of- the excruciating detail of drunken— the excruciating detail of drunken parties- the excruciating detail of drunken parties going i the excruciating detail ofj drunken parties going on the excruciating detail of- drunken parties going on late into the — drunken parties going on late into the night, _ drunken parties going on late into the night, maybe - drunken parties going on late into the night, maybe there i into the night, maybe there should _ into the night, maybe there should be _ into the night, maybe there should be a _ into the night, maybe there should be a ban— into the night, maybe there should be a ban on- into the night, maybe there should be a ban on drinkingj into the night, maybe there i should be a ban on drinking at ten downing _ should be a ban on drinking at ten downing st _ should be a ban on drinking at ten downing st and _ should be a ban on drinking at ten downing st and a - should be a ban on drinking at ten downing st and a source l ten downing st and a source said — ten downing st and a source said that _ ten downing st and a source said that boris _ ten downing st and a source said that boris johnson - said that borisjohnson dismissed _ said that borisjohnson dismissed that- said that borisjohnson dismissed that idea - said that boris johnson . dismissed that idea saying said that boris johnson - dismissed that idea saying they never— dismissed that idea saying they never would _ dismissed that idea saying they never would have _ dismissed that idea saying they never would have gotten- dismissed that idea saying they. never would have gotten through world _ never would have gotten through world war — never would have gotten through world war ii _ never would have gotten through world war ii without _ never would have gotten through world war ii without drink - never would have gotten through world war ii without drink to - world war ii without drink to take — world war ii without drink to take off— world war ii without drink to take off the _ world war ii without drink to take off the strain. - world war ii without drink to take off the strain. so... - world war ii without drink to i take off the strain. so... what i take off the strain. so... what i find — take off the strain. so... what i find very— take off the strain. so... what i find very disturbing - take off the strain. so... what i find very disturbing is- take off the strain. so... what i find very disturbing is that i i find very disturbing is that this— i find very disturbing is that this is— i find very disturbing is that this isjust _ i find very disturbing is that this isjust part— i find very disturbing is that this isjust part of— i find very disturbing is that this isjust part of a - i find very disturbing is thatj this isjust part of a broader pattern _ this isjust part of a broader pattern an _ this isjust part of a broader pattern. an alarming - this isjust part of a broader. pattern. an alarming number this isjust part of a broader- pattern. an alarming number of tory— pattern. an alarming number of

tory mps — pattern. an alarming number of tory mps have _ pattern. an alarming number of tory mps have run _ pattern. an alarming number of tory mps have run foul - pattern. an alarming number of tory mps have run foul of - pattern. an alarming number of tory mps have run foul of the l tory mps have run foul of the law and — tory mps have run foul of the law and i_ tory mps have run foul of the law and i think _ tory mps have run foul of the law and i think it— tory mps have run foul of the law and i think it is— tory mps have run foul of the law and i think it is a - tory mps have run foul of the law and i think it is a sign- tory mps have run foul of the law and i think it is a sign of. law and i think it is a sign of a party— law and i think it is a sign of a party that— law and i think it is a sign of a party that has _ law and i think it is a sign of a party that has been- law and i think it is a sign of a party that has been in- law and i think it is a sign of. a party that has been in power for too — a party that has been in power for too long _ a party that has been in power for too long. this _ a party that has been in power for too long. this is— a party that has been in power for too long. this is supposedl for too long. this is supposed to be — for too long. this is supposed to be the _ for too long. this is supposed to be the party— for too long. this is supposed to be the party of— for too long. this is supposed to be the party of law - for too long. this is supposed to be the party of law and - to be the party of law and order— to be the party of law and order and _ to be the party of law and order and this _ to be the party of law and order and this is - to be the party of law and order and this is what - to be the party of law and order and this is what we | to be the party of law and - order and this is what we have. that— order and this is what we have. that culture _ order and this is what we have. that culture that _ order and this is what we have. that culture that i— order and this is what we have. that culture that i described i that culture that i described means that you do not necessarily have, and this sounds hysterical, but britain does not really have a functioning government at the moment. i functioning government at the moment. . ., moment. i which i mean the s stem moment. i which i mean the system only _ moment. i which i mean the system only really _ moment. i which i mean the system only really works - moment. i which i mean the i system only really works when the person at the top knows exactly what they are doing, can transact business, can command respect and authority. peter lloyd hennessey wrote a lot about the operation of government. he is a journalist and academic and help expose the fact that we now have an ministerial code of conduct, last week he said he thought it was the good chap version of british covenant, that it works provided the person in charge is a good chap or good woman. that they have the right values. otherwise it can be

distorted by anyone who has the authority to do it. in other words there are not enough checks and balances. because of that majority. — checks and balances. because of that majority, boris _ checks and balances. because of that majority, boris johnson, - that majority, borisjohnson, because the election is relatively close he still has quite a lot of authority. to go back a bit, there was an attempt to get rid of harold wilson in 1968—69 when he won an even bigger majority and we have been sitting here talking about... we would be talking here about whether he survive for another eight years. so they tend to survive. what makes this interesting is that there are lots of moving parts. you have number 10, which is both a neurotic paranoid place but also very cocooned. you go back after that day anything oh, hurray, we have done it and got through it. but then you have tory mps going back to their constituencies at a weekend, speaking to constituents and party workers and that might provide them with quite a cold reality. and

you have, ithink, stephanie mentioned the privileges committee report coming up. and two important by—elections. in the by—elections. so there are lots of moving parts which i am sure number 10 will brief the sunday papers through it. and then we have the economic crisis but it is fascinating that propelled the self proclaimed fiscal conservative chancellor left woods so that is another fascinating ingredient which makes it all incredibly hard to read. 50 ingredient which makes it all incredibly hard to read.- incredibly hard to read. so is the consensus _ incredibly hard to read. so is the consensus when - incredibly hard to read. so is the consensus when we - incredibly hard to read. so is the consensus when we sit l incredibly hard to read. so is i the consensus when we sit here that it could look the same oracle very different? i that it could look the same oracle very different? i have uiven u- oracle very different? i have given up making _ oracle very different? i have given up making predictions| oracle very different? i have i given up making predictions on boris _ given up making predictions on borisjohnson. the other factor of course — borisjohnson. the other factor of course is ukraine and that is really— of course is ukraine and that is really the biggest factor and — is really the biggest factor and if— is really the biggest factor and if i _ is really the biggest factor and if i were to defend boris johnson, _ and if i were to defend boris johnson, not something i've done — johnson, not something i've done very— johnson, not something i've done very often recently, his response _ done very often recently, his response in the uk response in

alliance — response in the uk response in alliance with the us and canada has been. — alliance with the us and canada has been, if not exemplary than close _ has been, if not exemplary than close to — has been, if not exemplary than close to it— has been, if not exemplary than close to it in terms of standing up for ukraine and arming— standing up for ukraine and arming ukrainians. so a defender of boris johnson would say well, — defender of boris johnson would say well, what about ukraine and it — say well, what about ukraine and it is— say well, what about ukraine and it is the middle of the war. — and it is the middle of the war. a _ and it is the middle of the war, a geopolitical situation which — war, a geopolitical situation which he _ war, a geopolitical situation which he and his advisers have probably— which he and his advisers have probably called correctly. 30 probably called correctly. so that is a factor. it is the british— that is a factor. it is the british population - that is a factor. it is the british population care. that is a factor. it is the - british population care about that? — british population care about that? i— british population care about that? i agree _ british population care about that? i agree he _ british population care about that? iagree he has- british population care about that? i agree he has done i british population care about that? i agree he has done an exemplary— that? i agree he has done an exemplaryiob_ that? i agree he has done an exemplaryjob in— that? i agree he has done an exemplaryjob in terms - that? i agree he has done an exemplaryjob in terms of. that? i agree he has done ani exemplaryjob in terms of the british— exemplaryjob in terms of the british response _ exemplaryjob in terms of the british response but - exemplaryjob in terms of the british response but is - exemplaryjob in terms of the british response but is it- exemplaryjob in terms of the british response but is it the. british response but is it the salient — british response but is it the salient issue, _ british response but is it the salient issue, isn't— british response but is it the salient issue, isn't it - british response but is it the salient issue, isn't it the - british response but is it thel salient issue, isn't it the nhs and the — salient issue, isn't it the nhs and the cost _ salient issue, isn't it the nhs and the cost of _ salient issue, isn't it the nhs and the cost of living? ukraine will not decide _ and the cost of living? ukraine will not decide the _ and the cost of living? ukraine will not decide the result - and the cost of living? ukraine will not decide the result of i will not decide the result of the next general election. let's talk about the economy then. you both refer to richey sooner and said his reputation is not what it was. he may have hope to salvage a bit with the announcement this week, an important announcement for

everybody in the uk who has been worried about the massive increase in energy bills and the rise, the general rise in the rise, the general rise in the cost of living. what do you make of that announcement and the implications? because even on the conservative side there seems to be a bit of... well, we have the money but we don't like to be the party doing this kind of thing, throwing money at the problem. the kind of thing, throwing money at the problem.— kind of thing, throwing money at the problem. the response is fascinating _ at the problem. the response is fascinating because _ at the problem. the response is fascinating because it _ at the problem. the response is fascinating because it is - at the problem. the response is fascinating because it is for - fascinating because it is for the tories down the middle with what you might call a kind of one nation wing, boris redwall wing as well, likely the fact that the government is throwing money at the problem. ultimately, i think those on the other side, free market saturates were saying that this is a ridiculous splurge, i think they are missing the point. the scale of what is about to be felt by the poorest in this country, not a situation that is unique to britain butjust the scale of what is coming merits some kind of response and also the windfall tax question, well, margaret thatcher did windfall tax in 1981 in 1982 in the depth of the recession and then

when people were hurting. the party is rootless now and doesn't know to response. hence back to the _ doesn't know to response. hence back to the schizophrenic - back to the schizophrenic response from back to the schizophrenic response from the back to the schizophrenic response from the government, which is we are for tax, unconservative, we won't do it, now we're doing it. give it a different name, but in essence thatis different name, but in essence that is what it is.— that is what it is. yes, but it is a slightly _ that is what it is. yes, but it is a slightly counted - that is what it is. yes, but it | is a slightly counted approach to the problem, as you say. they have been very preoccupied with the party business. it is with the party business. it is followership, _ with the party business. it is followership, rather- with the party business. it is followership, rather than leadership. you have a vote on, for example, whether or not your neighbour should be building, changing their house next door to you, the idea that this is a good idea because it is to come to do it, too controversial, there is a sensitive there is enough public anger, policy will follow. i public anger, policy will follow. ~ , , follow. i think it is deeper than that. — follow. i think it is deeper than that. in _ follow. i think it is deeper than that. in rishi - follow. i think it is deeper than that. in rishi sunakl follow. i think it is deeper i than that. in rishi sunak you have — than that. in rishi sunak you have this _ than that. in rishi sunak you have this self—proclaimed fiscal— have this self— proclaimed fiscal conservative. have this self—proclaimed fiscal conservative. his spring statement a few weeks ago, which —

statement a few weeks ago, which was a sort of minimalist approach _ which was a sort of minimalist approach to the economic crisis. _ approach to the economic crisis, was him. borisjohnson was _ crisis, was him. borisjohnson was weak. _ crisis, was him. borisjohnson was weak, spend, spend, spend, and rishi — was weak, spend, spend, spend, and rishi sunak didn't. within weeks — and rishi sunak didn't. within weeks he _ and rishi sunak didn't. within weeks he has had to come back with— weeks he has had to come back with a _ weeks he has had to come back with a lrig — weeks he has had to come back with a big package which has been — with a big package which has been acknowledged by the institute for fiscal studies, has — institute for fiscal studies, has pretty redistributive at targeting poorer incomes, and spending — targeting poorer incomes, and spending a lot of money. it seems to me reverse of the 1970s— it seems to me reverse of the 19705 where you had the then prime — 19705 where you had the then prime minister 19705 where you had the then prime mini5terjim callahan'5 prime minister jim callahan'5 and you — prime mini5terjim callahan'5 and you can't spend your way out of — and you can't spend your way out of a — and you can't spend your way out of a recession, thatcher iiving — out of a recession, thatcher living on _ out of a recession, thatcher living on it, and the total ways _ living on it, and the total ways were moving right words in her direction. it seems to mew _ her direction. it seems to me... , ., ., me... the party that would normally — me... the party that would normally have _ me... the party that would normally have argued - normally have argued differently was now arguing the same. . ~ differently was now arguing the same. , . ., ,., differently was now arguing the same. , . ., ., same. yes. whether labour are subtle enough _ same. yes. whether labour are subtle enough to _ same. yes. whether labour are subtle enough to see _ same. yes. whether labour are subtle enough to see that - subtle enough to see that moment is a question for the coming — moment is a question for the coming year. but that moment is here _ coming year. but that moment is here and —

coming year. but that moment is here and it — coming year. but that moment is here and it is fascinating thing _ here and it is fascinating thin. . . ~ here and it is fascinating thing. can we talk about the economics _ thing. can we talk about the economics it, _ thing. can we talk about the economics it, because - thing. can we talk about the economics it, because you l thing. can we talk about the i economics it, because you look at the broader picture of these things, ratherthan at the broader picture of these things, rather than from a domestic political perspective. what are the markets making of thejudgement what are the markets making of the judgement of the thejudgement of the chancellor? the judgement of the chancellor? what are other policymakers faced with similar problems, how are they react into exactly the same space does not the same problem is, and similar problems. inflation seems to be stalking the globe. right, so i think there is a feeling _ right, so i think there is a feeling that— right, so i think there is a feeling that if— right, so i think there is a feeling that if he - right, so i think there is a feeling that if he hadn't. feeling that if he hadn't acted. _ feeling that if he hadn't acted, the _ feeling that if he hadn't acted, the risk- feeling that if he hadn't acted, the risk of- feeling that if he hadn't acted, the risk of a - feeling that if he hadn't- acted, the risk of a recession would — acted, the risk of a recession would have _ acted, the risk of a recession would have been— acted, the risk of a recession would have been higher, - acted, the risk of a recession - would have been higher, because you are _ would have been higher, because you are taking _ would have been higher, because you are taking so _ would have been higher, because you are taking so much— would have been higher, because you are taking so much money. you are taking so much money out of— you are taking so much money out of the _ you are taking so much money out of the economy, _ you are taking so much money out of the economy, because i out of the economy, because those — out of the economy, because those people _ out of the economy, because those people would - out of the economy, because those people would be - out of the economy, because those people would be able i out of the economy, because i those people would be able to spend — those people would be able to spend money— those people would be able to spend money on— those people would be able to spend money on other- those people would be able to spend money on other things. j those people would be able to i spend money on other things. so broadly— spend money on other things. so broadly speaking, _ spend money on other things. so broadly speaking, we're - spend money on other things. so broadly speaking, we're in - broadly speaking, we're in this, — broadly speaking, we're in this, you _ broadly speaking, we're in this, you know, _ broadly speaking, we're in this, you know, big - broadly speaking, we're in| this, you know, big debate right— this, you know, big debate right now— this, you know, big debate right now - _ this, you know, big debate right now — are _ this, you know, big debate right now — are we - this, you know, big debate right now — are we for- right now — are we for stagflation _ right now — are we for stagflation like - right now — are we for stagflation like the i right now — are we for- 5tagflation like the 19705, i stagflation like the 19705, i inflation _ 5tagflation like the 19705, i inflation low— stagflation like the 19705, i inflation low growth, - 5tagflation like the 19705, i inflation low growth, or- stagflation like the 19705, i inflation low growth, or are stagflation like the 19705, i. inflation low growth, or are we heading — inflation low growth, or are we heading for— inflation low growth, or are we heading for a _

inflation low growth, or are we heading for a recessions? - inflation low growth, or are we heading fora recessions? i- heading for a recessions? i think— heading for a recessions? i think it _ heading for a recessions? i think it is _ heading for a recessions? i think it is too _ heading for a recessions? i think it is too early - heading for a recessions? i think it is too early to - heading for a recessions? i think it is too early to say. | heading fora recessions? i| think it is too early to say. i think— think it is too early to say. i think the _ think it is too early to say. i think the outcome - think it is too early to say. i think the outcome of- think it is too early to say. i think the outcome of the i think it is too early to say. i i think the outcome of the war think it is too early to say. i - think the outcome of the war in ukraine — think the outcome of the war in ukraine and _ think the outcome of the war in ukraine and how— think the outcome of the war in ukraine and how central- think the outcome of the war in ukraine and how central banksl ukraine and how central banks respond — ukraine and how central banks respond will _ ukraine and how central banks respond will have, _ ukraine and how central banks respond will have, you - ukraine and how central banks respond will have, you know, i ukraine and how central banksl respond will have, you know, a bearing — respond will have, you know, a bearing on— respond will have, you know, a bearing on that. _ respond will have, you know, a bearing on that. but _ respond will have, you know, a bearing on that. but one - respond will have, you know, a bearing on that. but one of- respond will have, you know, a bearing on that. but one of the hallmarks _ bearing on that. but one of the hallmarks of _ bearing on that. but one of the hallmarks of stagflation - bearing on that. but one of the hallmarks of stagflation in - bearing on that. but one of the hallmarks of stagflation in the i hallmarks of stagflation in the i970s — hallmarks of stagflation in the i970s was— hallmarks of stagflation in the 19705 was high _ hallmarks of stagflation in the i 19705 was high unemployment, which _ 19705 was high unemployment, which we — 19705 was high unemployment, which we don't _ 19705 was high unemployment, which we don't have _ 19705 was high unemployment, which we don't have right - 19705 was high unemployment, which we don't have right now. | which we don't have right now. so that— which we don't have right now. so that is— which we don't have right now. so that is a _ which we don't have right now. so that is a positive. _ which we don't have right now. so that is a positive. we - which we don't have right now. so that is a positive.— so that is a positive. we don't have it in _ so that is a positive. we don't have it in the _ so that is a positive. we don't have it in the uk _ so that is a positive. we don't have it in the uk and - so that is a positive. we don't have it in the uk and they - have it in the uk and they don't have it in the usa. the federal reserve any you have is basically saying we want to hit the switch where we curb inflation by putting up interest rates, but we don't drive our businesses, and therefore sad to see joblessness go up. therefore sad to see “oblessness to u. joblessness go up. right, so i think some — joblessness go up. right, so i think some economists - joblessness go up. right, so i think some economists are i think some economists are looking _ think 5ome economists are looking at— think some economists are looking at saying _ think some economists are looking at saying inflation. think some economists are l looking at saying inflation is already— looking at saying inflation is already having _ looking at saying inflation is already having a _ looking at saying inflation is already having a cooling - looking at saying inflation is i already having a cooling effect on the — already having a cooling effect on the economy— already having a cooling effect on the economy in _ already having a cooling effect on the economy in some - already having a cooling effect. on the economy in some respects and so _ on the economy in some respects and so maybe _ on the economy in some respects and so maybe inflation— on the economy in some respects and so maybe inflation has- and so maybe inflation has peaked _ and so maybe inflation has peaked but _ and so maybe inflation has peaked. but it _ and so maybe inflation has peaked. but it is _ and so maybe inflation has peaked. but it is very- and so maybe inflation has peaked. but it is very hard| and so maybe inflation has. peaked. but it is very hard to tell how— peaked. but it is very hard to tell how it— peaked. but it is very hard to tell how it will— peaked. but it is very hard to tell how it will play— peaked. but it is very hard to tell how it will play out, - peaked. but it is very hard to tell how it will play out, andl tell how it will play out, and ithink— tell how it will play out, and i think globally— tell how it will play out, and i think globally the - tell how it will play out, and i think globally the big - i think globally the big question— i think globally the big question mark- i think globally the big question mark is- i think globally the big question mark is what| i think globally the big - question mark is what happens with china _ question mark is what happens with china. the _ question mark is what happens with china. the chinese - question mark is what happens i with china. the chinese economy is slowing — with china. the chinese economy is slowing down _ with china. the chinese economy is slowing down in _ with china. the chinese economy is slowing down in a _ with china. the chinese economy is slowing down in a way - with china. the chinese economy is slowing down in a way that - is slowing down in a way that we haven't— is slowing down in a way that we haven't seen _ is slowing down in a way that we haven't seen for- is slowing down in a way that we haven't seen for years. i

we haven't seen for years. bloomberg _ we haven't seen for years. bloomberg i5 _ we haven't seen for years. bloomberg is projecting i we haven't seen for years. i bloomberg is projecting that china's— bloomberg is projecting that china's economy— bloomberg is projecting that china's economy will- bloomberg is projecting that china's economy will grow. bloomberg is projecting that| china's economy will grow by only— china's economy will grow by only 2% _ china's economy will grow by only 2% this— china's economy will grow by only 2% this year, _ china's economy will grow by only 2% this year, and - china's economy will grow by only 2% this year, and that i china's economy will grow by. only 2% this year, and that the us will— only 2% this year, and that the us will actually— only 2% this year, and that the us will actually outpace - us will actually outpace chinese _ us will actually outpace chinese growth - us will actually outpace chinese growth for- us will actually outpace chinese growth for the i us will actually outpace - chinese growth for the first time — chinese growth for the first time since _ chinese growth for the first time since the _ chinese growth for the first time since the mid19- chinese growth for the first time since the mid19 705. i chinese growth for the first i time since the mid19 705. so that— time since the mid19 705. so thatjust _ time since the mid19 705. so thatjust turns— time since the mid19 705. so that just turns the _ time since the mid19 705. so that just turns the whole - that just turns the whole global— that just turns the whole global economy- that just turns the whole global economy on - that just turns the whole global economy on its i that just turns the whole - global economy on its head. we haven't— global economy on its head. we haven't been— global economy on its head. we haven't been here _ global economy on its head. we haven't been here before. - global economy on its head. we| haven't been here before. we've all counted — haven't been here before. we've all counted on— haven't been here before. we've all counted on china _ haven't been here before. we've all counted on china as- haven't been here before. we've all counted on china as the - all counted on china as the world — all counted on china as the world economy's _ all counted on china as the world economy's saviour. i all counted on china as the i world economy's saviour. and all counted on china as the - world economy's saviour. and it is facing — world economy's saviour. and it is facing some _ world economy's saviour. and it is facing some really— world economy's saviour. and it is facing some really tough - is facing some really tough challenges _ is facing some really tough challenges. a _ is facing some really tough challenges. a big - is facing some really tough challenges. a big one - is facing some really tough challenges. a big one is i is facing some really toughl challenges. a big one is the demographic— challenges. a big one is the demographic challenges, i challenges. a big one is the - demographic challenges, right? which _ demographic challenges, right? which has — demographic challenges, right? which has been _ demographic challenges, right? which has been a _ demographic challenges, right? which has been a result- demographic challenges, right? which has been a result of- which has been a result of their— which has been a result of their one _ which has been a result of their one child _ which has been a result of their one child policy, - which has been a result of. their one child policy, which they— their one child policy, which they reversed... _ their one child policy, which they reversed... [it - their one child policy, which they reversed. . ._ they reversed... it will take ears they reversed... it will take years before _ they reversed... it will take years before that... - they reversed... it will take years before that... be - they reversed... it will take years before that... be still have falling _ years before that... be still have falling birth _ years before that... be still have falling birth rates. - years before that... be still| have falling birth rates. and china — have falling birth rates. and china is— have falling birth rates. and china is shifting _ have falling birth rates. and china is shifting from - have falling birth rates. and china is shifting from coal. have falling birth rates. and| china is shifting from coal to a-s china is shifting from coal to gas which _ china is shifting from coal to gas which will— china is shifting from coal to gas which will keep - china is shifting from coal to gas which will keep energy i gas which will keep energy prices _ gas which will keep energy prices high~ _ gas which will keep energy prices high. so— gas which will keep energy prices high. so that - gas which will keep energy prices high. so that wholel prices high. so that whole prediction— prices high. so that whole prediction of, _ prices high. so that whole prediction of, oh, - prices high. so that whole prediction of, oh, china i prices high. so that whole i prediction of, oh, china will overtake _ prediction of, oh, china will overtake the _ prediction of, oh, china will overtake the us _ prediction of, oh, china will overtake the us is- prediction of, oh, china will overtake the us is the - prediction of, oh, china will| overtake the us is the world public— overtake the us is the world public economy— overtake the us is the world public economy is _ overtake the us is the world public economy is looking i overtake the us is the world i public economy is looking very uncertain— public economy is looking very uncertain right— public economy is looking very uncertain right now. _ public economy is looking very uncertain right now. but - public economy is looking very uncertain right now. but i - uncertain right now. but i think— uncertain right now. but i think we're _ uncertain right now. but i think we're probably - uncertain right now. but i think we're probably a -

uncertain right now. but i. think we're probably a period of volatile _ think we're probably a period of volatile inflation, - think we're probably a period of volatile inflation, and - think we're probably a period of volatile inflation, and if. of volatile inflation, and if you — of volatile inflation, and if you look— of volatile inflation, and if you look at— of volatile inflation, and if you look at the _ of volatile inflation, and if you look at the 19705, - you look at the 19705, inflation _ you look at the 19705, inflationjumped - you look at the 19705, inflationjumped up. you look at the 19705, i inflationjumped up and you look at the 19705, - inflationjumped up and down quite — inflationjumped up and down quite a — inflationjumped up and down quite a bit _ inflationjumped up and down quite a bit over— inflationjumped up and down quite a bit over a _ inflationjumped up and down quite a bit over a number- inflationjumped up and down quite a bit over a number of. quite a bit over a number of years — quite a bit over a number of ears. . quite a bit over a number of years-- even _ quite a bit over a number of years.- even if- quite a bit over a number of years.- even if it - quite a bit over a number of years. yes. even if it comes down in _ years. yes. even if it comes down in the _ years. yes. even if it comes down in the next _ years. yes. even if it comes down in the next few - years.“ even if it comesl down in the next few months years.“ even if it comes- down in the next few months you could _ down in the next few months you could pop — down in the next few months you could pop up _ down in the next few months you could pop up again— down in the next few months you could pop up again fairly - down in the next few months you could pop up again fairly soon - could pop up again fairly soon and i— could pop up again fairly soon and i think— could pop up again fairly soon and i think for— could pop up again fairly soon and i think for the _ could pop up again fairly soon and i think for the uk- could pop up again fairly soon and i think for the uk and - could pop up again fairly soon and i think for the uk and fori and i think for the uk and for rishi — and i think for the uk and for rishi sunak, _ and i think for the uk and for rishi sunak, what _ and i think for the uk and for rishi sunak, what i - and i think for the uk and for rishi sunak, what i would . rishi sunak, what i would expect— rishi sunak, what i would expect is— rishi sunak, what i would expect is that _ rishi sunak, what i would expect is that in - rishi sunak, what i would expect is that in six - rishi sunak, what i would i expect is that in six months time — expect is that in six months time he _ expect is that in six months time he would _ expect is that in six months time he would have - expect is that in six months time he would have to - expect is that in six monthsl time he would have to come expect is that in six months - time he would have to come back and spend — time he would have to come back and spend more _ time he would have to come back and spend more money. - time he would have to come back and spend more money. the - and spend more money. the interesting _ and spend more money. the interesting thing _ and spend more money. interesting thing right now about the uk economy is that there is a labour shortage. in there is a labour shortage. in the early 80s, margaret thatcher could use high unemployment as a way of controlling inflation. people were desperate to go into jobs and take low paying jobs to just get back in. that mechanism is not available, now. it is the opposite. they need to get people into jobs. which drives the economy the people want to hope this, one that would make it more resilient to international pressures. it is his dilemma. you might find some of the people _ you might find some of the people who opt out of the

labour— people who opt out of the labour market coming back into it. , ., ~ , labour market coming back into it. do you think they will? they might _ it. do you think they will? they might do. _ it. do you think they will? they might do. this - it. do you think they will? they might do. this has i it. do you think they will? - they might do. this has been a feature — they might do. this has been a feature of— they might do. this has been a feature of the covid—19 economy is that— feature of the covid—19 economy is that people just stopped driving _ is that people just stopped driving things like cabs and opted _ driving things like cabs and opted out of the economy. they might— opted out of the economy. they might start to come back in. i think— might start to come back in. i think you _ might start to come back in. i think you are right when you make — think you are right when you make the _ think you are right when you make the china point because it isn't _ make the china point because it isn'tjust— make the china point because it isn'tjust that there make the china point because it isn't just that there is this huge _ isn't just that there is this huge shift happening with the war in— huge shift happening with the war in ukraine, which undoes the global order, you've also tot the global order, you've also got the — the global order, you've also got the end of essentially a 25 year— got the end of essentially a 25 year process or model of how western— year process or model of how western economies run. crudely the globalisation. _ western economies run. crudely the globalisation. and _ western economies run. crudely the globalisation. and they're i the globalisation. and they're connected — the globalisation. and they're connected to _ the globalisation. and they're connected to the _ the globalisation. and they're connected to the ukrainian i connected to the ukrainian thing — connected to the ukrainian thing because you start to see countries _ thing because you start to see countries that are allies sticking together, shorter supply. _ sticking together, shorter supply, lies of supply, greater emphasis on trade security. that— emphasis on trade security. that description, plus inflation, which is something which, — inflation, which is something which, you know, i remember going — which, you know, i remember going to — which, you know, i remember going to hear alan greenspan

catcher— going to hear alan greenspan catcher nearly 20 years ago, and — catcher nearly 20 years ago, and we — catcher nearly 20 years ago, and we lived in that period with— and we lived in that period with the _ and we lived in that period with the end of inflation, which _ with the end of inflation, which is _ with the end of inflation, which is something that had been — which is something that had been banished, a method had been — been banished, a method had been found where the economy was never— been found where the economy was never too hot or cold and that _ was never too hot or cold and that was _ was never too hot or cold and that wasjust the was never too hot or cold and that was just the reality. that is now — that was just the reality. that is now over. i that was just the reality. that is now over-— is now over. i will do one sentence _ is now over. i will do one sentence only. _ is now over. i will do one sentence only. no, - is now over. i will do one sentence only. no, we i is now over. i will do one i sentence only. no, we have time. brexit _ sentence only. no, we have time. brexit is _ sentence only. no, we have time. brexit is another - sentence only. no, we have. time. brexit is another factor for the british _ time. brexit is another factor for the british economy. - time. brexit is another factor for the british economy. it i time. brexit is another factor i for the british economy. it was good to be a seismic shift. everybody acknowledges that it was good to be a big shift. that is another factor. we have opted not to maintain trade with people closer to home in the same way. so i think that is another factor that you might disagree with the shortages in the labour market. and some brexiteers were quite candid about this at the time saying there would be changes and we are in a period of transition. we think there is a sunnier land ahead but we don't

know how we can chart the next bit. but this is an added obligation, i think. bit. but this is an added obligation, ithink. how bit. but this is an added obligation, i think. how that path looked six years ago. it path looked six years ago. it would be ridiculous for some brexiteers do not admit that it has created difficulties. it is greeted _ has created difficulties. it is greeted trade barriers. the meat— greeted trade barriers. the meat wasn't about that but about — meat wasn't about that but about democratic fundamentals and greater autonomy. i would say it _ and greater autonomy. i would say it is — and greater autonomy. i would say it is balanced. i say there is 5ay it is balanced. i say there is an— say it is balanced. i say there is an economic issue, obviously, the deal needs to be improved, _ obviously, the deal needs to be improved, but if you look at two — improved, but if you look at two disasters that have happened since brexit in both of them, _ happened since brexit in both of them, covid—19 with vaccines, and we shouldn't overstate ukraine, but you see evidence — overstate ukraine, but you see evidence there of the benefits of greater national autonomy. a bit of of greater national autonomy. bit of national self—interest. if it is a state of mind in the way— if it is a state of mind in the way of— if it is a state of mind in the way of pursuing geopolitics. the issue then is as an island if we are seeing this deglobalisation, how best we cope with that? because islands

are inevitably dependent for getting things, people, skills, whatever, from outside. i getting things, people, skills, whatever, from outside. i would -redict whatever, from outside. i would predict that _ whatever, from outside. i would predict that at _ whatever, from outside. i would predict that at some _ whatever, from outside. i would predict that at some point - whatever, from outside. i would predict that at some point in - predict that at some point in the next _ predict that at some point in the next 5—10 years the deal is going — the next 5—10 years the deal is going to — the next 5—10 years the deal is going to need re—examining. britain — going to need re—examining. britain will have to bring down some — britain will have to bring down some of— britain will have to bring down some of the trade barriers. it is 5ome of the trade barriers. it is very— some of the trade barriers. it is very difficult because the labour— is very difficult because the labour party will be accused, ever— labour party will be accused, ever tries _ labour party will be accused, ever tries that, and i think they— ever tries that, and i think they are, _ ever tries that, and i think they are, it is looking at there _ they are, it is looking at there will be a labour government at some point in the next _ government at some point in the next few— government at some point in the next few years. if they attempt to do _ next few years. if they attempt to do that, they will be accused of trying to reverse brexit _ accused of trying to reverse brexit. but i think the direction of travel is probably back— direction of travel is probably back towards some of renegotiated deal. brief last words? rishi _ renegotiated deal. brief last words? rishi sunak - renegotiated deal. brief last words? rishi sunak is - renegotiated deal. brief last words? rishi sunak is underj words? rishi sunak is under enormous — words? rishi sunak is under enormous pressure - words? rishi sunak is under enormous pressure becausej words? rishi sunak is under i enormous pressure because of the big — enormous pressure because of the big spending. _ enormous pressure because of the big spending, that - enormous pressure because of the big spending, that he - enormous pressure because of the big spending, that he is i the big spending, that he is true — the big spending, that he is true tory. _ the big spending, that he is true tory, not _ the big spending, that he is true tory, not proving - the big spending, that he is true tory, not proving he i the big spending, that he is true tory, not proving he is| the big spending, that he is. true tory, not proving he is a low_ true tory, not proving he is a low story, _ true tory, not proving he is a tow story. but— true tory, not proving he is a low story, but one _ true tory, not proving he is a low story, but one thing - true tory, not proving he is a low story, but one thing that| low story, but one thing that he cerr— low story, but one thing that he can do— low story, but one thing that he can do to _ low story, but one thing that he can do to try— low story, but one thing that he can do to try to _ low story, but one thing that he can do to try to show - low story, but one thing that he can do to try to show that he can do to try to show that he is — he can do to try to show that he is different— he can do to try to show that he is different from - he can do to try to show that he is different from the - he can do to try to show that i he is different from the labour spending _ he is different from the labour spending government- he is different from the labour spending government is- he is different from the labour spending government is to - spending government is to change _ spending government is to change the _ spending government is to change the tax _ spending government is to change the tax system -

spending government is to change the tax system in i spending government is to i change the tax system in this country— change the tax system in this country so _ change the tax system in this country so it _ change the tax system in this country so it encourages - country so it encourages investment. _ country so it encourages investment. and - country so it encourages investment. and he - country so it encourages investment. and he didi country so it encourages - investment. and he did that, took— investment. and he did that, took one _ investment. and he did that, took one step _ investment. and he did that, took one step towards - investment. and he did that, took one step towards doing| took one step towards doing that— took one step towards doing that with _ took one step towards doing that with the _ took one step towards doing that with the windfall- took one step towards doing that with the windfall tax - took one step towards doing that with the windfall tax on| that with the windfall tax on oil and _ that with the windfall tax on oil and gas companies, - that with the windfall tax on oil and gas companies, buti oil and gas companies, but there — oil and gas companies, but there is— oil and gas companies, but there is so— oil and gas companies, but there is so much— oil and gas companies, but there is so much more - oil and gas companies, buti there is so much more that oil and gas companies, but. there is so much more that he can do— there is so much more that he can do to _ there is so much more that he can do to change _ there is so much more that he can do to change the - there is so much more that he can do to change the incentive system — can do to change the incentive system in _ can do to change the incentive system in the _ can do to change the incentive system in the tax _ can do to change the incentive system in the tax system - can do to change the incentive system in the tax system so . system in the tax system so that — system in the tax system so that companies— system in the tax system so that companies are - system in the tax system so . that companies are incentivised to invest — that companies are incentivised to invest. because _ that companies are incentivised to invest. because the - to invest. because the country's _ to invest. because the country's had - to invest. because the country's had a - to invest. because the| country's had a terrible problem _ country's had a terrible problem with _ country's had a terrible problem with low- country's had a terrible - problem with low productivity, and that — problem with low productivity, and that is— problem with low productivity, and that is one _ problem with low productivity, and that is one of— problem with low productivity, and that is one of the - problem with low productivity, and that is one of the reasons| and that is one of the reasons causing — and that is one of the reasons causing it _ and that is one of the reasons causing it so— and that is one of the reasons causing it. so he _ and that is one of the reasons causing it. so he could - and that is one of the reasons causing it. so he could be - and that is one of the reasonsi causing it. so he could be bold and come _ causing it. so he could be bold and come out _ causing it. so he could be bold and come outwith, _ causing it. so he could be bold and come outwith, you - causing it. so he could be bold and come outwith, you know, | causing it. so he could be bold. and come outwith, you know, a and come out with, you know, a series— and come out with, you know, a series of— and come outwith, you know, a series of proposals _ and come outwith, you know, a series of proposals to _ and come out with, you know, a series of proposals to try- and come outwith, you know, a series of proposals to try to - series of proposals to try to encourage _ series of proposals to try to encourage investment. - series of proposals to try to encourage investment. there you no. you encourage investment. there you 90- you heard — encourage investment. there you go. you heard it _ encourage investment. there you go. you heard it here _ encourage investment. there you go. you heard it here first. - go. you heard it here first. suspension of a labour government. and by the way, the end of globalisation on top of everything. what a half—hour. what a half—hour! everything. what a half-hour. what a half-hour!— what a half-hour! dateline london will _ what a half-hour! dateline london will be _ what a half-hour! dateline london will be back- what a half-hour! dateline london will be back at - what a half-hour! dateline london will be back at the | what a half-hour! dateline - london will be back at the same time next week. goodbye.

hello there. on saturday, the lion's share of the sunshine and warmth —— northerly winds will make it feel rather cool for the time of year during sunday, particularly where we have areas of cloud and some showers. equally, there will be some spells of sunshine. but the day will start with showers in some places, particularly for northern and eastern scotland, eastern england, and there will be some heavier showers drifting through wales, the midlands, down towards the south—west of england, where there could be the odd flash of lightning, the odd rumble of thunder. there will be some sunny spells, but i think north—east scotland will stay rather cloudy, a little bit damp at times and breezy. just 9—11 degrees here. more generally, 13—16. that's a little disappointing for the time of year. as we head through sunday night into the early hours of monday, we will bring areas of cloud down from the north with some showers. clear spells further south. and it will be quite a chilly night, widely down into single digits. maybe one or two spots down

to three or four degrees. temperatures will climb a little bit as we head through the coming week. there will be some rain at times but not all the time. some spells of sunshine as well.

welcome to bbc news, i'm chris rogers. our top stories: france and germany urge president putin to engage in peace talks as russia continues its offensive in the donbas. the russian ambassador to the uk tells the bbc that moscow will not use tactical nuclear weapons in the battle for ukraine. we have a very strict provision on the issues of the use of tactical nuclear weapon, and it is mainly when the existence of the state is in danger. president biden renews his appeal for tighter gun control following the texas elementary school shooting, as the parents prepare to bury their children. and protests erupt in rio de janeiro after a video of a black man being asphyixiated in the back of a police car causes

shock and anger.