1
00:00:00,028 --> 00:00:03,060
so are you are you're against how it
harms position

2
00:00:03,006 --> 00:00:06,085
on the welfare cuts announced in the
budget you've got this petition

3
00:00:07,039 --> 00:00:10,107
am so I you know leading a rebellion
should labor MP's

4
00:00:11,007 --> 00:00:16,012
currently follow their interim leader
Harriet Harman or should they follow you

5
00:00:16,057 --> 00:00:19,126
I was very surprised very disappointed
that Harriet made this time

6
00:00:20,026 --> 00:00:23,109
that she did yesterday there was no
consultation with anyone in the party

7
00:00:24,009 --> 00:00:24,088
about

8
00:00:24,088 --> 00:00:27,133
and she announced we heard it that

9
00:00:28,033 --> 00:00:33,060
we were as a party supposed to be.
accepting what the government was trying

10
00:00:33,006 --> 00:00:34,012
to do

11
00:00:34,066 --> 00:00:37,134
I and there are a number of issues we
need to unravel really three

12
00:00:38,034 --> 00:00:42,079
one is the second child onwards policy
where

13
00:00:42,079 --> 00:00:46,828
child tax credit is not about or all
chat children's allowances not available

14
00:00:47,539 --> 00:00:49,910
for the larger families that's very
unfair

15
00:00:49,091 --> 00:00:52,092
on children large families secondly

16
00:00:53,001 --> 00:00:58,067
question of the well thank cap reducing
the 23,000 in London 20,000 perhaps I'm

17
00:00:58,067 --> 00:01:00,206
london has a devastating effect on

18
00:01:00,809 --> 00:01:04,220
whole families living in private rented
sector

19
00:01:04,022 --> 00:01:07,531
and the third is course the the family

20
00:01:07,729 --> 00:01:11,680
family tax credit card cut altogether
yeah we should labor in peace follow you

21
00:01:11,068 --> 00:01:12,069
or Harry home

22
00:01:12,078 --> 00:01:16,083
well as making the Parliamentary Labour
Party this evening and I hope they will

23
00:01:16,083 --> 00:01:16,178
decide

24
00:01:17,078 --> 00:01:20,086
if there's to be a decision made that we
should be

25
00:01:20,086 --> 00:01:23,160
opposing what the government is doing
what are you eating another right now

26
00:01:24,006 --> 00:01:27,093
I'm suggesting that we should be against
it that's why I put a petition up indeed

27
00:01:28,047 --> 00:01:30,134
an awful lot of people in the labour
party say exactly the same thing

28
00:01:31,034 --> 00:01:35,103
so you got no problem with somebody
coming from abroad as a migrant with

29
00:01:35,409 --> 00:01:37,610
five kids say and claiming five what

30
00:01:37,061 --> 00:01:40,110
child tax credits 50 sieve child
benefits

31
00:01:41,001 --> 00:01:44,048
housing benefit no limit on that
benefits all

32
00:01:44,057 --> 00:01:47,085
people don't just walk into the country
in claim benefits for still they've got

33
00:01:47,085 --> 00:01:50,214
to be over this issue the goal here you
got my bell with us Noria

34
00:01:50,979 --> 00:01:54,320
people living here in Britain

35
00:01:54,032 --> 00:01:58,971
deserve to be able to live decently
every child deserves to be able to be

36
00:01:59,259 --> 00:02:00,350
fed properly

37
00:02:00,035 --> 00:02:03,070
go to school and live decent too just
gotta Wallonia

38
00:02:03,007 --> 00:02:07,048
that is what the UN Convention on the
Rights the child is about sex is what

39
00:02:08,011 --> 00:02:09,045
the Children's Act is about

40
00:02:09,045 --> 00:02:11,050
so so that's a long way of saying you
got no

41
00:02:11,005 --> 00:02:15,068
with us nor five kids from wherever
Eastern Europe any children come to

42
00:02:16,013 --> 00:02:19,081
Britain people and chilled no limits on
the boat people and children come first

43
00:02:19,081 --> 00:02:22,140
the amount of money involved is not that
great

44
00:02:23,004 --> 00:02:26,055
when compared to the total budget as a
whole what we're doing is going in the

45
00:02:26,091 --> 00:02:27,100
wrong direction

46
00:02:28,000 --> 00:02:31,039
by impoverishing children have large
families and

47
00:02:31,039 --> 00:02:36,064
a particularly in London where the
benefit cap is had a devastating effect

48
00:02:36,064 --> 00:02:39,152
on people in the private rented sector
now why is the benefit bill so bold I'll

49
00:02:40,052 --> 00:02:42,085
be called me of the questions okay I'm
like bright

50
00:02:42,085 --> 00:02:45,162
I think why do you think people who
voted Conservative

51
00:02:46,062 --> 00:02:49,127
in 2050 will suddenly bow for socialist
in 2020

52
00:02:50,027 --> 00:02:53,053
because everyone wants to live

53
00:02:53,053 --> 00:02:56,148
in a decent society everyone is one
accident away from

54
00:02:57,048 --> 00:03:00,073
dependence on the welfare state and
dependence on the NHS

55
00:03:00,073 --> 00:03:04,157
everybody as older people who need adult
social thing with this year

56
00:03:05,057 --> 00:03:09,082
they did they voted Tory my going to be
over in this budget

57
00:03:09,082 --> 00:03:12,120
cuts in corporation tax cut

58
00:03:13,002 --> 00:03:17,057
in benefits sale of state assets the
wealthiest doing the

59
00:03:17,075 --> 00:03:20,139
best out this budget the poorest in the
West that is what Tory government is

60
00:03:21,039 --> 00:03:22,088
about have you may visit

61
00:03:22,088 --> 00:03:26,122
then any conservative since the election
you any supporters who voted

62
00:03:27,022 --> 00:03:30,035
Conservative it last lecture I've met
quite a lot of people

63
00:03:30,035 --> 00:03:34,103
at the various hustings in public men
should be no who voted you cape

64
00:03:35,003 --> 00:03:38,029
who are now beginning to regret it
because they have you ever turn any

65
00:03:38,029 --> 00:03:39,029
story so far

66
00:03:39,029 --> 00:03:43,062
I hadn't begun amazing toys it's been a
labor but you need two wins for his

67
00:03:43,062 --> 00:03:46,741
round up with the latest party needs to
win a lot of people ran particular young

68
00:03:47,299 --> 00:03:48,340
people who didn't vote

69
00:03:48,709 --> 00:03:52,620
particularly young people who didn't
register particularly people who was so

70
00:03:52,062 --> 00:03:53,431
disillusioned with the

71
00:03:53,989 --> 00:03:58,360
a sameness of the main political parties
in economic policy that

72
00:03:58,036 --> 00:04:01,038
they didn't feel any see any point what
the same this

73
00:04:01,038 --> 00:04:04,084
things as immigration where labor the
conservatives seem to say that

74
00:04:04,084 --> 00:04:05,086
immigration is too high

75
00:04:06,004 --> 00:04:07,062
what do you think

76
00:04:07,062 --> 00:04:10,076
I think the whole narrative on
immigration has been

77
00:04:10,076 --> 00:04:15,094
quite unpleasant and it fails to
recognize the huge contribution people

78
00:04:15,094 --> 00:04:15,163
have migrated

79
00:04:16,063 --> 00:04:19,086
this country made to this country that
makes the health service education

80
00:04:19,086 --> 00:04:20,119
transport

81
00:04:21,019 --> 00:04:25,048
and everything else the fact that they
come here they work they pay taxes they

82
00:04:25,048 --> 00:04:26,072
make a great contribution

83
00:04:26,072 --> 00:04:29,158
should rise Rd under a two million
people from Britain living abroad if you

84
00:04:30,058 --> 00:04:31,117
end the free movement of people

85
00:04:32,017 --> 00:04:35,079
across Europe which is mainly what you
kept them those the

86
00:04:35,079 --> 00:04:38,123
concerned about this talk about what
would happen the other way around if we

87
00:04:39,023 --> 00:04:40,044
start saying to

88
00:04:40,044 --> 00:04:44,046
people from other parts in Europe living
in Britain that they've gotta go back

89
00:04:44,064 --> 00:04:44,116
home

90
00:04:45,016 --> 00:04:48,027
when i'm suppose two million people
living in France Spain Italy and

91
00:04:48,027 --> 00:04:51,033
other European countries what about
Brown's the thousands of people in

92
00:04:51,087 --> 00:04:51,132
Calais

93
00:04:52,032 --> 00:04:55,108
desperate to get into Britain should we
let them in we should let people in this

94
00:04:56,008 --> 00:04:58,086
country who are desperate to get some I
say to that we should

95
00:04:58,086 --> 00:05:01,151
be properly supporting refugees the
numbers of people

96
00:05:02,051 --> 00:05:06,052
resident over refugees to go to Germany
is far greater than any other European

97
00:05:06,061 --> 00:05:07,110
country far greater

98
00:05:08,001 --> 00:05:11,007
germany has a.m. taken in a lotta
refugees

99
00:05:11,007 --> 00:05:14,082
I'm actually done very well out to the
economic contribution those people have

100
00:05:15,045 --> 00:05:15,092
made

101
00:05:15,092 --> 00:05:21,138
alright 7 can't access to high rate of
income tax ought to be set on the

102
00:05:22,038 --> 00:05:23,073
ability to pay it

103
00:05:23,073 --> 00:05:28,100
and at the moment the top rate is too
low I would go fifty percent and

104
00:05:29,000 --> 00:05:32,012
and possibly slightly higher but I'm
actually more interested

105
00:05:32,012 --> 00:05:35,073
in collecting uncollected corporation
tax and corporate taxation

106
00:05:35,073 --> 00:05:38,121
the relation between which leads me to
my face the real issue

107
00:05:39,021 --> 00:05:42,110
is corporate tax fraud across the world
really anyone would disagree with that

108
00:05:43,001 --> 00:05:46,038
well I say whatever he wants a ride on
that is sixty percent to high

109
00:05:46,047 --> 00:05:49,074
for some be earning a very large salary
no because

110
00:05:49,074 --> 00:05:53,102
if somebody's ending several million
pounds the moment there is nothing

111
00:05:54,002 --> 00:05:55,045
beyond the cap on

112
00:05:55,045 --> 00:05:58,098
going up to 45 percent is nothing but a
seventy per cent 21

113
00:05:58,098 --> 00:06:01,187
I don't think we need to go that high
but because it to lie

114
00:06:02,087 --> 00:06:06,142
in a moral sense now but I don't there
is no limit is that I do you will say

115
00:06:07,042 --> 00:06:09,131
that you're putting words in my mouth I
didn't say that at all then what is the

116
00:06:10,031 --> 00:06:10,070
limit

117
00:06:10,007 --> 00:06:13,028
I'm not gonna put a limit on I don't see
why anybody should put a limit on

118
00:06:13,091 --> 00:06:16,168
I think we have to say we have a finite
needed

119
00:06:17,068 --> 00:06:20,164
of providing health education providing
social services

120
00:06:21,064 --> 00:06:24,106
sporting house in supporting
infrastructure all those very important

121
00:06:25,006 --> 00:06:25,055
areas

122
00:06:25,055 --> 00:06:28,096
government expenditure and the biggest
problem area

123
00:06:28,096 --> 00:06:31,195
is not income tax it's actually
corporation tax in corporate tax

124
00:06:32,095 --> 00:06:35,184
invasion but the bigger point is how
much inequality we are prepared to live

125
00:06:36,084 --> 00:06:36,473
with

126
00:06:37,229 --> 00:06:41,040
in this country business so so is your
goal to end

127
00:06:41,004 --> 00:06:44,012
income inequality my goal is to reduce
inequality to

128
00:06:44,084 --> 00:06:47,085
completely and inequality is obviously a
very difficult thing to do but the

129
00:06:47,094 --> 00:06:49,118
levels of inequality have grown to such

130
00:06:50,018 --> 00:06:54,043
catastrophic levels in Britain have to
be challenged the 100 which is people

131
00:06:54,043 --> 00:06:58,058
own as much as a third of the entire
population we have the grosses levels of

132
00:06:58,058 --> 00:06:59,154
income disparity anywhere in Europe

133
00:07:00,054 --> 00:07:04,149
we have the very wealthy buying up large
parts of London in order to keep your

134
00:07:05,049 --> 00:07:05,116
empty

135
00:07:06,016 --> 00:07:11,064
and use it as a ASM investment bank for
the future home unless we have we accept

136
00:07:11,064 --> 00:07:12,073
you should we accept the existence

137
00:07:13,054 --> 00:07:16,132
or super rich people or would there be
no super rich people

138
00:07:17,032 --> 00:07:21,045
the ideal now if your prime minister are
super rich people actually happy

139
00:07:21,045 --> 00:07:26,074
with being sick re I'm not that you
would %um I would want the super-rich to

140
00:07:26,479 --> 00:07:27,650
be able to pay

141
00:07:27,065 --> 00:07:30,894
properly their share of the needs of the
rest to the community would be super

142
00:07:31,479 --> 00:07:32,470
much more day

143
00:07:32,047 --> 00:07:36,074
but the issue is actually the the
crossover between them

144
00:07:36,074 --> 00:07:40,101
income tax on high-income people over
towards the

145
00:07:41,001 --> 00:07:45,007
corporate tax sector and they often have
a taxation by that means and so

146
00:07:45,061 --> 00:07:48,061
I think we should be looking at the way
in which

147
00:07:48,061 --> 00:07:51,065
big companies boots and others shifted
their heart of

148
00:07:52,001 --> 00:07:55,005
and offices out to britain into low tax
regimes

149
00:07:55,005 --> 00:07:58,083
and pretending that their income is
solely come from those areas that is tax

150
00:07:58,083 --> 00:07:59,128
evasion on a grand scale

151
00:08:00,028 --> 00:08:03,115
let's briefly talk about foreign affairs
why did you call Hamas and Hezbollah

152
00:08:04,015 --> 00:08:05,028
your friends

153
00:08:05,028 --> 00:08:10,034
what I did was spoke at a meeting in
which I said I wanted

154
00:08:10,088 --> 00:08:13,103
all people involved in the Middle East
issue

155
00:08:14,003 --> 00:08:17,112
to come together and be able to have a
discussion

156
00:08:17,139 --> 00:08:21,210
to be able to well you said archive
gonna can you let me finish

157
00:08:21,021 --> 00:08:24,049
where mind I after question you know
you're in it no I'm not ignoring the

158
00:08:24,049 --> 00:08:25,115
question if you give me a minute I'll
answer it

159
00:08:26,015 --> 00:08:29,144
I know it is a good point is this an
listen for a minute

160
00:08:29,279 --> 00:08:32,361
if you don't mind I spoke at a meeting

161
00:08:33,099 --> 00:08:36,500
about the Middle East crisis in
Parliament and

162
00:08:36,005 --> 00:08:39,016
there were people there from hezbollah
and I said I welcomed our friends from

163
00:08:39,061 --> 00:08:41,790
hezbollah to have a discussion and
debate

164
00:08:42,339 --> 00:08:46,376
and I said I wanted hamas to be part of
that debate I have met Hamas

165
00:08:46,709 --> 00:08:51,560
in lebanon and I've met hezbollah in
this country in Latin I've also met are

166
00:08:51,056 --> 00:08:52,138
becoming friends again I finish

167
00:08:53,038 --> 00:08:56,113
are your friends or not can i finish I'd
also many

168
00:08:57,013 --> 00:09:00,019
you can leave it alone look uneasy with
the issue is this

169
00:09:00,073 --> 00:09:03,182
you are not prepared to discuss solace
in Middle East you're not prepared to

170
00:09:03,839 --> 00:09:05,100
discuss the why question

171
00:09:05,001 --> 00:09:09,014
the wider question is Hamas hezbollah a
part of a peace process

172
00:09:09,023 --> 00:09:13,632
even the former head of Mossad says that
there has to be talks involving Hamas

173
00:09:13,839 --> 00:09:18,510
also had discussions with people from
the right in israeli politics

174
00:09:18,051 --> 00:09:21,500
who have the same view possibly

175
00:09:21,959 --> 00:09:25,930
that the State of Israel should extend
from the river to the say

176
00:09:25,093 --> 00:09:28,992
as it is claimed people from the
palestinians like a few to make all that

177
00:09:29,829 --> 00:09:31,920
clear rushing you use these words

178
00:09:31,092 --> 00:09:35,138
friends now are you saying they're not
your friends or are you okay all your

179
00:09:36,038 --> 00:09:38,427
friend I'm saying that people I talk to

180
00:09:38,769 --> 00:09:42,440
I use it in a collective way saying our
friends were prepared to talk it doesn't

181
00:09:42,044 --> 00:09:43,100
mean I agree with Hamas

182
00:09:44,000 --> 00:09:47,016
what it does no does it mean I agree
with hezbollah what they do

183
00:09:47,016 --> 00:09:51,050
no what it means is that I think to
bring about a peace process

184
00:09:51,005 --> 00:09:54,078
you have to talk to people with who you
may profoundly disagree

185
00:09:55,023 --> 00:09:59,062
there is not too many peace process and
mysteries talks involving Israel

186
00:09:59,269 --> 00:10:02,362
I Hezbollah and Hamas and I think
everybody knows that as you know the

187
00:10:03,199 --> 00:10:04,320
controversies around

188
00:10:04,032 --> 00:10:06,791
you calling them friends and you've
explained I think that when you said

189
00:10:07,079 --> 00:10:07,117
that

190
00:10:07,459 --> 00:10:11,750
he didn't mean that effort their friends
I got it in a collective

191
00:10:11,075 --> 00:10:14,080
way at the discussion in your tried to
trivialize the hall not the Middle East

192
00:10:15,025 --> 00:10:18,066
you're trying to trivialize the whole
discussion about how you bring about a

193
00:10:18,066 --> 00:10:19,110
long-term peace process

194
00:10:20,001 --> 00:10:20,990
I know that

195
00:10:21,089 --> 00:10:24,143
very hard you know that I'm very hot tub
long conversations with what we haven't

196
00:10:24,629 --> 00:10:27,540
you been on this program talking about
the Middle East many times

197
00:10:27,054 --> 00:10:30,091
well not releasing the actual you have
no proof but this bitch quotes

198
00:10:30,091 --> 00:10:33,124
about friends as surfaced and that's
what I was asking about and you

199
00:10:34,024 --> 00:10:36,111
you've had your opportunity to know
thanks for the tabloid journalists

200
00:10:37,011 --> 00:10:37,360
aren't

201
00:10:37,459 --> 00:10:40,360
does not have a luncheon was not about
putting your own words what you have

202
00:10:40,036 --> 00:10:41,315
learned German is a yield

203
00:10:41,639 --> 00:10:45,790
debating you are dividing asking me to
give an opportunity to discuss what the

204
00:10:45,079 --> 00:10:48,128
wider issue the middle who you know
there's all your initially I was gonna

205
00:10:48,839 --> 00:10:50,881
love you reacted in common problemo
rebel

206
00:10:51,259 --> 00:10:55,040
I saw how well you know him as a man you
know it well it's absolutely not I was

207
00:10:55,004 --> 00:10:57,843
asking about your homework and if you're
not prepared to defend rome was not

208
00:10:57,879 --> 00:11:01,480
110 families have just done so I want to
get onto a bigger

209
00:11:01,048 --> 00:11:04,377
aspect to foreign policy which we coulda
minutes ago had you not I just answer

210
00:11:04,809 --> 00:11:05,910
the question mount

211
00:11:05,091 --> 00:11:08,166
which is is it noble is it rights

212
00:11:09,066 --> 00:11:13,155
to continue doing nothing to intervene
in Syria

213
00:11:13,749 --> 00:11:17,794
I think the decision not to bomb Syria

214
00:11:18,199 --> 00:11:21,213
it simple to bomb Syria not sponsor is
an important one

215
00:11:21,339 --> 00:11:25,373
if we started bombing now what would be
achieved probably not very much with

216
00:11:25,679 --> 00:11:27,550
them be followed up by ground forces

217
00:11:27,055 --> 00:11:30,404
and we then be back in 20 I think the
issue has to be

218
00:11:30,899 --> 00:11:34,220
choking off the arm supplying the money
that goes to I sell

219
00:11:34,022 --> 00:11:37,631
recognize where I still have come from
and also

220
00:11:37,829 --> 00:11:40,854
recognizing I think it was quite a big
mistake in not reconvene in geneva

221
00:11:41,079 --> 00:11:44,082
conference involving Iran which could
have helped to bring about

222
00:11:44,379 --> 00:11:48,384
much earlier point to cease fire in the
other parts of the Syrian civil war that

223
00:11:48,879 --> 00:11:49,961
is between the government of Syria

224
00:11:50,699 --> 00:11:54,743
Free Syrian Army and the Kurdish forces
as opposed the Arsenal forces which has

225
00:11:55,139 --> 00:11:57,145
grown significantly in the past year

226
00:11:57,199 --> 00:12:01,213
I don't think British intervention by
military means is gonna bring about a

227
00:12:01,339 --> 00:12:03,339
solution to it I think that has to be

228
00:12:03,339 --> 00:12:07,418
halt be political solution I think we
also need to look at the role in Saudi

229
00:12:08,129 --> 00:12:09,790
Arabia and other countries are paying

230
00:12:09,079 --> 00:12:13,112
a playing rather in the arms that
putting into the area so do you think

231
00:12:14,012 --> 00:12:18,641
ed Miliband was rights yes to and that
chance a military intervention when he

232
00:12:18,749 --> 00:12:18,794
did

233
00:12:19,199 --> 00:12:23,920
ended up despite the fact so many people
have died analyst II sister taken hold

234
00:12:23,092 --> 00:12:23,561
would

235
00:12:24,389 --> 00:12:27,397
military intervention abroad data backs
indeed those that were advocating we

236
00:12:28,189 --> 00:12:29,640
intervened nap time

237
00:12:29,064 --> 00:12:32,106
a what very unclear on which support on

238
00:12:33,006 --> 00:12:36,034
which particular group in Serie with an
gonna support there were people

239
00:12:36,034 --> 00:12:40,063
already fighting in Syria who later
became part to the hustle forces

240
00:12:40,063 --> 00:12:44,098
wood we've been actually supporting us
all forces nobody can really answer that

241
00:12:44,098 --> 00:12:44,162
question

242
00:12:45,062 --> 00:12:49,088
it was very unclear what the strategy
was let me just finally bring you back

243
00:12:49,088 --> 00:12:49,156
to

244
00:12:50,056 --> 00:12:53,099
the election what would Britain's voters
roll

245
00:12:53,099 --> 00:12:56,190
always label we didn't

246
00:12:57,009 --> 00:13:01,048
appeal to enough people on the economic
issues

247
00:13:02,029 --> 00:13:06,055
because we were offering an austerity
light package in the general election

248
00:13:06,055 --> 00:13:09,091
this is territory like package would
have resulted in further cuts

249
00:13:09,091 --> 00:13:11,112
particularly some local government
expenditure

250
00:13:12,012 --> 00:13:16,101
and I'm while stat med abandoned very
well it was quite right and Xerez

251
00:13:17,001 --> 00:13:19,060
contracts conditions at work and pay
levels

252
00:13:19,006 --> 00:13:22,069
the problem was that he was summoned an
economic strategy it wasn't officially

253
00:13:23,023 --> 00:13:26,067
different I think we need to challenge
the principles that the austerity agenda

254
00:13:26,067 --> 00:13:29,116
the most normal thing that about a note
about my last question a determinable

255
00:13:30,016 --> 00:13:31,023
and I really want to ask you

256
00:13:31,023 --> 00:13:36,064
and which things would you nationalize
been particularly the

257
00:13:36,064 --> 00:13:39,162
railway industry I think Royal Mail

258
00:13:40,062 --> 00:13:43,141
should be in public ownership it's a
natural monopoly and I think the energy

259
00:13:44,041 --> 00:13:45,054
companies that have

260
00:13:45,054 --> 00:13:49,085
them significantly your spectacularly
failed to bring about

261
00:13:49,085 --> 00:13:52,142
affair market in energy products I think
by

262
00:13:53,042 --> 00:13:56,113
with a those are the areas that public
ownership is really very much need

263
00:13:57,013 --> 00:14:01,071
about the bank's would you would you
well we already do have considerable

264
00:14:01,071 --> 00:14:05,084
public ownership the banks the problem
with the nationalization was that it was

265
00:14:05,084 --> 00:14:07,097
quite limited from the nationalization

266
00:14:07,097 --> 00:14:11,142
is it was share ownership rather than
and public control

267
00:14:12,042 --> 00:14:15,120
I'm against the side that the bank
shares and I am in favor

268
00:14:16,002 --> 00:14:19,014
all the governments any government

269
00:14:19,032 --> 00:14:22,098
using its influence on those banks
because some of them have not been

270
00:14:22,098 --> 00:14:27,099
loaning money to developing companies or
to investment in manufacturing industry

271
00:14:28,008 --> 00:14:28,093
some love actually

272
00:14:28,093 --> 00:14:31,108
spent the time investing in the rent

273
00:14:32,008 --> 00:14:36,010
by to rent market for example rather
than in developing industry in this

274
00:14:36,028 --> 00:14:38,043
country and so I do think there has to
be

275
00:14:38,043 --> 00:14:42,043
an influence a very strong state
influence on the way the banks behave as

276
00:14:42,043 --> 00:14:42,085
well as

277
00:14:42,085 --> 00:14:46,146
obviously regulation to avoid return to
the crisis actually having 2008

278
00:14:47,046 --> 00:14:48,051
jerry Coleman thank you very much


