this morning — the woman from number 11, the chancellor, is here alongside the conservative leader. the economy seems stuck, the books are a mess — what's rachel reeves going to do about that? kemi badenoch says the tories got things wrong, but miles behind, how can they get things right? quite the double act. for reasons that will become clear... what's your favourite beatles song? iam more i am more a beyonce person myself. i enjoy heyjude. i am more a beyonce person myself. i enjoy heyjude-— enjoy hey jude. what about you, are ou a enjoy hey jude. what about you, are you a beatles _ enjoy hey jude. what about you, are you a beatles fan? _ enjoy hey jude. what about you, are you a beatles fan? yellow _ enjoy hey jude. what about you, are i you a beatles fan? yellow submarine. i am sure they — you a beatles fan? yellow submarine. i am sure they will _ you a beatles fan? yellow submarine. i am sure they will be _ you a beatles fan? yellow submarine. i am sure they will be very _ you a beatles fan? yellow submarine. i am sure they will be very popular- i am sure they will be very popular choices with the audience. i ask because i've been talking to a proper legend, sir paul mccartney, one of the beatles, who fears tech firms might rip off artists, unless ministers do more to protect their work. we are the people.

you're the government. you're supposed to protect us. that's your job. so, protect it. morning, morning — our team at the desk today, beeban kidron, film director turned tech safety campaigner, theo paphitis, entrepreneur and dragon, and former tory chancellor nadim za hawi. but let's start with the headlines. the economy's centre stage for the sunday mirror and the sunday express — also has the king in a kilt for burns night. the sunday telegraph says reeves going to war with labour's blockers — the observer has a poll that suggesting voters want the prime minister to get closer to europe. the sunday times splashes on the awful failings of how

the authorities didn't spot the southport killer. and the bbc has talked to donald trump on board air force one — who's praised sir keir starmer, saying he's "liberal" but has "done a very good job". he's done a very good job thus far. he's very new in the job, but he's represented his country in terms of his philosophy. i may not agree with his philosophy, but i have a very good relationship with him. you can just about hear the champagne corks popping at downing street. firstly, theo, you are worried about the effect of national jurors increases for business. you said there could be repercussions. have there been repercussions for you and your business, have you had to shed staff? that you and your business, have you had to shed staff?— to shed staff? that is the obvious one which was _ to shed staff? that is the obvious one which was a _ to shed staff? that is the obvious one which was a staff. _ to shed staff? that is the obvious one which was a staff. because i one which was a staff. because business has to absorb and it is a big shock, a very short period of time. the overriding thought at the

time. the overriding thought at the time was with growth we can get through that and growth has to be put before anything else at the moment, also understanding the other competitive stresses on uk business, we talk about the donald, who signed a thousand trillion executive orders in the first 30 seconds of being president and lodged a few bitcoins in the process. they are looking at their industries and making sure they are competing on a level playing field and not being influence from outside countries and outside businesses are. you influence from outside countries and outside businesses are.— outside businesses are. you would like to see — outside businesses are. you would like to see more _ outside businesses are. you would like to see more of _ outside businesses are. you would like to see more of that _ outside businesses are. you would like to see more of that here? - like to see more of that here? absolutely and we are seeing the competitiveness in some of our business because other businesses from overseas are not paying the same sort of taxes we pay, the same responsibilities, regulatory issues and we need to nail that because that leakage will feed into our economy and we won't that growth. nadhim, what do you think that government should be doing because

of the conservatives europe saying the type of things labour our doing now and it didn't happen? i wanted to do and i — now and it didn't happen? i wanted to do and i wanted _ now and it didn't happen? i wanted to do and i wanted to _ now and it didn't happen? i wanted to do and i wanted to convince - now and it didn't happen? i wanted | to do and i wanted to convince rishi sunak_ to do and i wanted to convince rishi sunak to _ to do and i wanted to convince rishi sunak to do — to do and i wanted to convince rishi sunak to do it, get rid of the inheritance tax but pay for it through _ inheritance tax but pay for it through what italy was doing and they have done brilliantly on attracting wealth creators with a new non—dom piece of legislation which _ new non—dom piece of legislation which would be 200,000 per adult per year if_ which would be 200,000 per adult per year if you _ which would be 200,000 per adult per year if you want to come and be a wealth_ year if you want to come and be a wealth creator and uk. an enterprise residency— wealth creator and uk. an enterprise residency which would pay for the iht, residency which would pay for the ht. which — residency which would pay for the iht, which is 7 billion, and unfair tax, _ iht, which is 7 billion, and unfair tax. it_ iht, which is 7 billion, and unfair tax. it would _ iht, which is 7 billion, and unfair tax, it would send such powerful message — tax, it would send such powerful message to get rid of it to family offices _ message to get rid of it to family offices around the world who can hold uk— offices around the world who can hold uk assets, much more attractive that way, _ hold uk assets, much more attractive that way, if— hold uk assets, much more attractive that way, if we do solve that work ethic— that way, if we do solve that work ethic will— that way, if we do solve that work ethic will make a huge difference. infrastructure, and i have to say what _ infrastructure, and i have to say what rachel i hope will be announcing on wednesday is really good, _ announcing on wednesday is really good, i_ announcing on wednesday is really good, i used to live over the flight

path on _ good, i used to live over the flight path on putney hill and i was one of the few— path on putney hill and i was one of the few councillors who wanted a third _ the few councillors who wanted a third runway because you waste more time and _ third runway because you waste more time and energy and 30 environment lty time and energy and 30 environment by circling _ time and energy and 30 environment by circling over heathrow and you do if you _ by circling over heathrow and you do if you get _ by circling over heathrow and you do if you get a _ by circling over heathrow and you do if you get a third runway and land the planes — if you get a third runway and land the planes on time. we if you get a third runway and land the planes on time.— if you get a third runway and land the planes on time. we will get to that. the planes on time. we will get to that- briefly. _ the planes on time. we will get to that. briefly, beeban, _ the planes on time. we will get to that. briefly, beeban, the - that. briefly, beeban, the government took a very gloomy tone in the autumn telling us repeatedly how difficult things were, have they got that wrong? i how difficult things were, have they got that wrong?— got that wrong? i think so. they haven't sold _ got that wrong? i think so. they haven't sold this _ got that wrong? i think so. they haven't sold this growth - got that wrong? i think so. they haven't sold this growth agenda | got that wrong? i think so. they i haven't sold this growth agenda to the citizens. — haven't sold this growth agenda to the citizens, nor— haven't sold this growth agenda to the citizens, nor the _ haven't sold this growth agenda to the citizens, nor the mum - haven't sold this growth agenda to the citizens, nor the mum and - haven't sold this growth agenda to the citizens, nor the mum and pop haven't sold this growth agenda to l the citizens, nor the mum and pop in the citizens, nor the mum and pop in the small— the citizens, nor the mum and pop in the small businesses _ the citizens, nor the mum and pop in the small businesses who _ the citizens, nor the mum and pop in the small businesses who are - the citizens, nor the mum and pop in the small businesses who are the - the small businesses who are the backbone — the small businesses who are the backbone of— the small businesses who are the backbone of the _ the small businesses who are the backbone of the country- the small businesses who are the backbone of the country and - the small businesses who are the backbone of the country and i- the small businesses who are the i backbone of the country and i think there _ backbone of the country and i think there is— backbone of the country and i think there is pursuing _ backbone of the country and i think there is pursuing global— backbone of the country and i think there is pursuing global companiesj there is pursuing global companies who do— there is pursuing global companies who do not— there is pursuing global companies who do not contribute _ there is pursuing global companies who do not contribute in _ there is pursuing global companies who do not contribute in the - there is pursuing global companies who do not contribute in the samel who do not contribute in the same way as— who do not contribute in the same way as theo — who do not contribute in the same way as theo says. _ who do not contribute in the same way as theo says, is _ who do not contribute in the same way as theo says, is a _ who do not contribute in the same way as theo says, is a problem i who do not contribute in the same| way as theo says, is a problem for the reputation _ way as theo says, is a problem for the reputation of _ way as theo says, is a problem for the reputation of the _ way as theo says, is a problem for the reputation of the government. what _ the reputation of the government. what you — the reputation of the government. what you have _ the reputation of the government. what you have all _ the reputation of the government. what you have all they— the reputation of the government. what you have all they did - the reputation of the government. what you have all they did cantall the reputation of the government. | what you have all they did cantal it for the _ what you have all they did cantal it for the chancellor. _ president trump told the global elite yesterday change was coming to the econmy, whether they like it or not. after months of misery here, the chancellor seems to also be changing her tune. getting the economy going is back to the top of the list —

meet reeves in a rush. i want to lead the most pro—growth... ..to grow the economy... ..the most pro—business treasury... growth is our number one mission. the number one mission — to grow the economy. kick start economic growth... ..the party of growth... . .gi’ow our economy. . . ..that our country has ever seen. however many times we have said it, rachel reeves, the latest month of growth was only 0.1%, so how do you think the last six months of gone? our economy has _ the last six months of gone? oi" economy has essentially flatlined more than a decade now. i don't believe low growth is our destiny. i know we can do so much better than that. my optimism for britain has never burned brighter than it does now. that is why we are going further and faster in removing those things that are blocking investment and blocking businesses from creating the wealth and prosperity

in our country. but creating the wealth and prosperity in our country-— creating the wealth and prosperity in our country. but business people like theo has _ in our country. but business people like theo has said _ in our country. but business people like theo has said say _ in our country. but business people like theo has said say things - in our country. but business people like theo has said say things you i like theo has said say things you chose to do like putting national insurance up and making it more expensive for employers to hire staff, that has shaken business confidence, consumer confidence tumbled, sainsbury�*s just this week cut 3000 jobsjust this tumbled, sainsbury�*s just this week cut 3000 jobs just this week, business optimism is at a two—year low, and that is after your decisions over the last seven months, so i ask you again, do you think the last six months have been a success? ~ , .., think the last six months have been a success? . , ., . ., a success? when i became chancellor ofthe a success? when i became chancellor of the exchequer _ a success? when i became chancellor of the exchequer i _ a success? when i became chancellor of the exchequer i think _ a success? when i became chancellor of the exchequer i think most - a success? when i became chancellor of the exchequer i think most people | of the exchequer i think most people would recognise that the inheritance was pretty tough. public finances were in an utter mess. this was pretty tough. public finances were in an utter mess.— was pretty tough. public finances were in an utter mess. this is about the impact — were in an utter mess. this is about the impact of _ were in an utter mess. this is about the impact of the _ were in an utter mess. this is about the impact of the decisions - were in an utter mess. this is about the impact of the decisions you - the impact of the decisions you took. �* ., , the impact of the decisions you took. �* . , ., , ., took. but those decisions were to ut our took. but those decisions were to put our public _ took. but those decisions were to put our public finances _ took. but those decisions were to put our public finances back- took. but those decisions were to put our public finances back on i took. but those decisions were to put our public finances back on a | put our public finances back on a firm footing and the worst thing i could have done in the budget was to have swept those problems under the carpet, pretend they didn't exist, and leave us in a situation where our public finances were precarious. why do i say that would have been a

risk? because we have seen what happened in the past in the last two years when governments have lost control of the public finances and interest rates and inflation go through the roof. that is not good for working families in britain or for working families in britain or for businesses. we have stabilised the public finances which means we can go further and faster and that bedrock of stability to grow our economy. difficult decisions but we can move on and grow the economy. borrowing is at the highest level forfour borrowing is at the highest level for four years and the national debt is enormous. for four years and the national debt is enormous-— is enormous. that is the debt i inherited this _ is enormous. that is the debt i inherited this chancellor. - is enormous. that is the debt i inherited this chancellor. i - is enormous. that is the debt i | inherited this chancellor. i have is enormous. that is the debt i - inherited this chancellor. i have to get a grip of those problems with the public finances but growth is also essential for that because an economy that is going is an economy that can service those debts which is why economic growth is so important but most of all economic growth matters because that means more money in the pockets of ordinary working people in our country. ordinary working people in our count . �* ., , ., ordinary working people in our count . �* ., ., country. but if it was all going so well and everything _ country. but if it was all going so well and everything had - country. but if it was all going so well and everything had been - country. but if it was all going so - well and everything had been perfect so far why are you shifting your tone? viewers will hear you are shifting your tone and talking much

more now about optimism and ripping up more now about optimism and ripping up red tape, those kind of things and are even easing up on your plans to make it harderfor wealthy non—doms to do business here. did you make a mistake in underestimating the number of wealthy people who create jobs and wealthy people who create jobs and wealth here who would leave the uk because of what you did? first wealth here who would leave the uk because of what you did?— because of what you did? first of all ou because of what you did? first of all you just _ because of what you did? first of all you just played _ because of what you did? first of all you just played some - because of what you did? first of all you just played some clips - because of what you did? first of all you just played some clips of| because of what you did? first of. all you just played some clips of me speaking during the general election campaign when i was shadow chancellor, and piper speeches in parliament, on those occasions i said truth is that one mission. so thatis said truth is that one mission. so that is always number one mission this government but the first thing to grow the economy is you have to return stability to the economy. we did that in the budget and we are now tackling those things that are stopping investment coming by reforming our economy, ripping up the planning system. just today we are announcing more changes to get housing particularly around commuter railway stations to help businesses access skilled workforces, to help more people onto the housing ladder

and to ensure more people can take up and to ensure more people can take up those good jobs. and decent wages. did up those good “obs. and decent wanes. , , ., up those good “obs. and decent wanes. , up those good “obs. and decent wanes. ., up those good “obs. and decent wanes. , ., ., wages. did you make a mistake or did ou wages. did you make a mistake or did you underestimate _ wages. did you make a mistake or did you underestimate the _ wages. did you make a mistake or did you underestimate the number- wages. did you make a mistake or did you underestimate the number of- you underestimate the number of wealthy people who might pack up from the uk because of the decisions that you make? you have changed your mind on roads you are going to bring in four non—doms. abs, mind on roads you are going to bring in four non-doms._ in four non-doms. a basic principle for me, in four non-doms. a basic principle for me. the — in four non-doms. a basic principle for me, the people _ in four non-doms. a basic principle for me, the people who _ in four non-doms. a basic principle for me, the people who make - in four non-doms. a basic principle for me, the people who make theirj for me, the people who make their home in britain should pay their taxes here. under this government people were getting rid of the non—domicile status in the tax system, what we announced this week is around the temporary repatriation facility which is enabling people including those who have been non—doms to bring money into this country from abroad without being punitive rates of tax. 50 country from abroad without being punitive rates of tax.— punitive rates of tax. so you have shifted your _ punitive rates of tax. so you have shifted your position. _ punitive rates of tax. so you have shifted your position. it _ punitive rates of tax. so you have shifted your position. it doesn't i shifted your position. it doesn't cost uk taxpayers _ shifted your position. it doesn't cost uk taxpayers any - shifted your position. it doesn't cost uk taxpayers any money. | shifted your position. it doesn'tl cost uk taxpayers any money. it will not result in any 1420 00:10:50,932 --> 00:1