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tv   Dateline London  BBC News  July 9, 2021 7:30pm-8:01pm BST

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hello and welcome to the programme which brings together some of the uk's leading commentators. bbc specialists and those plucking and broadcasting to audiences back home from the date nine london. at taxing question for the 620 making multinationals pay their fair question for the 620 making multinationals pay theirfair share in this the head of the imf naming and shaming the 67 of vaccination? i am joined byjeffrey, a news anchor in his native candidate in the
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united states as well is the foreign correspondent isabel hilton, broadcaster who founded china dialogue and trying to foster greater understanding with china and improving the environment and bbc business editor simonjeffries, good business editor simon jeffries, good to business editor simonjeffries, good to have you with me. welcome. lovely to have you with me. welcome. lovely to see you again and from a distant place. no taxation without representation, the slogan after american colonies imposed on them by the british parliament where they had no electing voice. will companies pay more taxes as a result of the corporate tax deal for the rich for my for the 620 individuals this weekend, they may like representation, but they have the money to fund and information to influence the shape of this reform. you may not feel much sympathy for them or tax havens. but more concerned about the impact. explain to me exactly what this proposed
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deal is. ., , ., , ., , deal is. their two pillars to this. the first one — deal is. their two pillars to this. the first one are _ deal is. their two pillars to this. the first one are the _ deal is. their two pillars to this. the first one are the new - deal is. their two pillars to this. the first one are the new rules i deal is. their two pillars to this. | the first one are the new rules to force companies to pay taxes on the sales and profits they generate in the countries with which they operate, even if they don't have physical operations there. this targets the additional services, the googles of this world who basically make enormous profits and sales and conscious of the don't necessarily have a massive physical presence. that is part one. a global minimum tax rate which is the greed of the g7 tax rate which is the greed of the 67 and ratified the 620 of at least 15% list us and france would like to see it higher in some lower but with that would do is reduce the incentive for companies to shift profits around the world for tax jurisdictions where they can deprive the people see of their native countries, and tax revenue which is been the tax equivalent of outer space. there was a particular apple
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arrangement where they had a subsidiary that wasn't really using tax purposes for anyway. the tax equivalent of outer space. but it's been changed and that's hope there is real consensus for this change and we been talking about for years two things have been biden and this is where covid—i9, you got exchequer surround the road which were cleared out by covid—i9 and need some way to fill them back up again. is it out by covid-19 and need some way to fill them back up again.— fill them back up again. is it in our fill them back up again. is it in yourjudgment _ fill them back up again. is it in yourjudgment past _ fill them back up again. is it in yourjudgment past the - fill them back up again. is it in. yourjudgment past the fairness fill them back up again. is it in - yourjudgment past the fairness test your judgment past the fairness test on a global basis? i yourjudgment past the fairness test on a global basis?— on a global basis? i don't think this particular _ on a global basis? i don't think this particular set _ on a global basis? i don't think this particular set of _ on a global basis? i don't think - this particular set of arrangements will pass the fairness test in terms of greatly benefiting poor countries.— of greatly benefiting poor countries. �* . , :: countries. after all, the 620, the countries. after all, the 620, the countries of _ countries. after all, the 620, the countries of 620 _ countries. after all, the 620, the countries of 620 account - countries. after all, the 620, the countries of 620 account for - countries. after all, the 620, the | countries of 620 account for more than _ countries of 620 account for more than 80%— countries of 620 account for more than 80% of local gdp and so we are already— than 80% of local gdp and so we are already in_ than 80% of local gdp and so we are already in an unfair situation. 0r poor— already in an unfair situation. 0r poor countries might hope for is if
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greater— poor countries might hope for is if greater tax— poor countries might hope for is if greater tax revenues can be harvested by the richer countries in multinationals, that might make richer_ multinationals, that might make richer countries more generous towards — richer countries more generous towards the poor countries which they certainly need to be. there are two aspects — they certainly need to be. there are two aspects of this about the been criticised — two aspects of this about the been criticised. the tax rate because it's relatively low and certainly i think— it's relatively low and certainly i think presidentjoe biden would have liked it _ think presidentjoe biden would have liked it to— think presidentjoe biden would have liked it to be higher. but as a very limited _ liked it to be higher. but as a very limited chance of getting it through republican opposition. the second problem _ republican opposition. the second problem is the taxation for operations would be on a tax rate where _ operations would be on a tax rate where the — operations would be on a tax rate where the profit margin is more than 10%. where the profit margin is more than 10%~ i_ where the profit margin is more than 10%~ i can _ where the profit margin is more than 10%. i can see of the tax lawyers of the multinationals rubbing their hands _ the multinationals rubbing their hands and getting to work on new strategies — hands and getting to work on new strategies for evading it. and i think— strategies for evading it. and i think it's — strategies for evading it. and i think it's not necessarily the great
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miracle _ think it's not necessarily the great miracle that he proposed it to be. but we _ miracle that he proposed it to be. but we shall see. of the government agrees _ but we shall see. of the government agrees that these corporations and to pay— agrees that these corporations and to pay tax. — agrees that these corporations and to pay tax, they need to pay more taxes _ to pay tax, they need to pay more taxes because they destroying businesses in other countries that do pay— businesses in other countries that do pay tax — businesses in other countries that do pay tax. it's a bit of a double whamnw — do pay tax. it's a bit of a double whammy. but whether or not this is going _ whammy. but whether or not this is going to _ whammy. but whether or not this is going to deliver, we will see. tax avoidance — going to deliver, we will see. if}; avoidance rather than going to deliver, we will see. i
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financial— this is an early victory. in the financial world, _ this is an early victory. in the financial world, this- this is an early victory. in the financial world, this is- this is an early victory. in the - financial world, this is something that she — financial world, this is something that she very— financial world, this is something that she very much _ financial world, this is something that she very much wanted - financial world, this is something that she very much wanted and l financial world, this is something . that she very much wanted and you know, _ that she very much wanted and you know. this — that she very much wanted and you know. this is — that she very much wanted and you know, this is something _ that she very much wanted and you know, this is something that - that she very much wanted and you know, this is something that it- know, this is something that it really— know, this is something that it really represents— know, this is something that it really represents the - know, this is something that it really represents the shift - know, this is something that it| really represents the shift from know, this is something that it- really represents the shift from the donald _ really represents the shift from the donald trump _ really represents the shift from the donald trump white _ really represents the shift from the donald trump white house - really represents the shift from the donald trump white house to - really represents the shift from the donald trump white house to the i really represents the shift from the . donald trump white house to the joe biden white _ donald trump white house to the joe biden white house _ donald trump white house to the joe biden white house and _ donald trump white house to the joe biden white house and it _ donald trump white house to the joe biden white house and it still- biden white house and it still reflects — biden white house and it still reflects the _ biden white house and it still reflects the new— biden white house and it still reflects the new realities - biden white house and it still reflects the new realities of l biden white house and it still. reflects the new realities of the global— reflects the new realities of the giohal economy _ reflects the new realities of the global economy and _ reflects the new realities of the . global economy and governments reflects the new realities of the - global economy and governments need more money— global economy and governments need more money and — global economy and governments need more money and we _ global economy and governments need more money and we are _ global economy and governments need more money and we are aware - global economy and governments need more money and we are aware of- more money and we are aware of amazon— more money and we are aware of amazon and _ more money and we are aware of amazon and apple _ more money and we are aware of amazon and apple and _ more money and we are aware of amazon and apple and starbucksj amazon and apple and starbucks sending — amazon and apple and starbucks sending their— amazon and apple and starbucks sending their money— amazon and apple and starbucks sending their money to _ amazon and apple and starbucks sending their money to places i amazon and apple and starbucks - sending their money to places where they are _ sending their money to places where they are not — sending their money to places where they are not doing _ sending their money to places where they are not doing business - sending their money to places where they are not doing business where i they are not doing business where they are not doing business where they can _ they are not doing business where they can pay— they are not doing business where they can pay lower— they are not doing business where they can pay lower taxes - they are not doing business where they can pay lower taxes places i they are not doing business where i they can pay lower taxes places like panama _ they can pay lower taxes places like panama and — they can pay lower taxes places like panama and bermuda, _ they can pay lower taxes places like | panama and bermuda, luxembourg, ireiand _ panama and bermuda, luxembourg, ireiand and — panama and bermuda, luxembourg, ireiand and it — panama and bermuda, luxembourg, ireland. and it is _ panama and bermuda, luxembourg, ireland. and it is tax _ panama and bermuda, luxembourg, ireland. and it is tax avoidance - panama and bermuda, luxembourg, ireland. and it is tax avoidance and i ireland. and it is tax avoidance and on the _ ireland. and it is tax avoidance and on the technical— ireland. and it is tax avoidance and on the technical level. _ ireland. and it is tax avoidance and on the technical level. for- ireland. and it is tax avoidance and on the technical level. for us - ireland. and it is tax avoidance and on the technical level. for us as . on the technical level. for us as consumers. _ on the technical level. for us as consumers, those _ on the technical level. for us as consumers, those who - on the technical level. for us as consumers, those who see - on the technical level. for us as consumers, those who see the i on the technical level. for us as - consumers, those who see the high streets _ consumers, those who see the high streets in _ consumers, those who see the high streets in the — consumers, those who see the high streets in the uk _ consumers, those who see the high streets in the uk and _ consumers, those who see the high streets in the uk and main- consumers, those who see the high streets in the uk and main streets. streets in the uk and main streets in the _ streets in the uk and main streets in the us— streets in the uk and main streets in the us and _ streets in the uk and main streets in the us and elsewhere _ streets in the uk and main streets in the us and elsewhere closing. streets in the uk and main streets. in the us and elsewhere closing down the shops— in the us and elsewhere closing down the shops because _ in the us and elsewhere closing down the shops because amazon— in the us and elsewhere closing down the shops because amazon has- in the us and elsewhere closing down the shops because amazon has taken| the shops because amazon has taken the shops because amazon has taken the business — the shops because amazon has taken the business away, _ the shops because amazon has taken the business away, this _ the shops because amazon has taken the business away, this is— the shops because amazon has taken the business away, this is revenue i the business away, this is revenue that is— the business away, this is revenue that is being — the business away, this is revenue that is being lost _ the business away, this is revenue that is being lost in _ the business away, this is revenue that is being lost in the _ the business away, this is revenue that is being lost in the taxation. that is being lost in the taxation goes _ that is being lost in the taxation goes with— that is being lost in the taxation goes with those _ that is being lost in the taxation goes with those closing - that is being lost in the taxation goes with those closing shops. i that is being lost in the taxation-
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goes with those closing shops. they need to— goes with those closing shops. they need to recover— goes with those closing shops. they need to recover and _ goes with those closing shops. they need to recover and it _ goes with those closing shops. they need to recover and it is _ goes with those closing shops. they need to recover and it is to- goes with those closing shops. they need to recover and it is to come i need to recover and it is to come back— need to recover and it is to come back in_ need to recover and it is to come back in real— need to recover and it is to come back in real dollars _ need to recover and it is to come back in real dollars that - need to recover and it is to come back in real dollars that could - need to recover and it is to come back in real dollars that could be| back in real dollars that could be sent to _ back in real dollars that could be sent to sopport _ back in real dollars that could be sent to support government - sent to support government infrastructure, _ sent to support government infrastructure, governmentl infrastructure, government operations— infrastructure, government operations in— infrastructure, government operations in building - infrastructure, government operations in building a - infrastructure, government - operations in building a future. simon. — operations in building a future. simon. how— operations in building a future. simon, how does _ operations in building a future. simon, how does the - operations in building a future. i simon, how does the symptoms operations in building a future. - simon, how does the symptoms of the implementation deal with something that all treasuries rely on, which is exemptions often created as incentives to encourage companies to locate a particular part of the country and we do a lot of it in the uk, make new research investment but not to be negotiated, that is the fine detail. is that where this could all end up being not to substantial us they hope? it could all end up being not to substantial us they hope? if you get mess and substantial us they hope? if you get messy and a — substantial us they hope? if you get messy and a number _ substantial us they hope? if you get messy and a number of _ substantial us they hope? if you get messy and a number of ways. - substantial us they hope? if you get messy and a number of ways. it - substantial us they hope? if you get i messy and a number of ways. it looks like we are getting towards an exemption for financial services. look at the headquarters in the uk, london, the do most of the business in asia. she sue neck is worried that we have this big mess of banking i'm not likely to get a
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massive profit out of this, many companies are capitalising regulated over there, they have a physical presence and there should be an exemption for that. you take a company like amazon, its retail arm, the reason it is destroying big businesses on high streets and main street is because its profit margins are almost zero and its retail business. how are you going to attack that? you are trying to find the profitable bits of amazon, web services, cloud computing, and makes an astonishing amount of money it's easily the most profitable part. trying to tax that separately, where does that and? every company has subsidiaries, i like this one, and this one in the sun by not going to count that one, i think that's going to get very messy indeed and talking to get very messy indeed and talking to tax lawyers, which i do boringly enough on a quite regular basis, is this going to put the big four for fans of the business and aggressive tax plantings where they move it on
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the global map, oh no, this is going to be a bonanza for them because this gives them a whole new set of rules to talk into and advise their clients. ., , ._ ., . clients. people may not feel much s math clients. people may not feel much sympathy for _ clients. people may not feel much sympathy for places _ clients. people may not feel much sympathy for places like _ clients. people may not feel much sympathy for places like bermuda | clients. people may not feel much - sympathy for places like bermuda and panama but they are signed up for this deal and it is the end of the good times from their point of view. is there any sense of a moral obligation on other parts. these countries are going to go through quite a traumatic adjustment and what might be to more attractive way of doing business but when that might have consequences in the short—term. might have consequences in the short-term— might have consequences in the short-term. . ., , , short-term. that remains to be seen how traumatic— short-term. that remains to be seen how traumatic it _ short-term. that remains to be seen how traumatic it is. _ short-term. that remains to be seen how traumatic it is. i _ short-term. that remains to be seen how traumatic it is. i suspect - short-term. that remains to be seen how traumatic it is. i suspect the - how traumatic it is. i suspect the tax lawyers, the tax events will be quite _ tax lawyers, the tax events will be quite as _ tax lawyers, the tax events will be quite as badly hit as you perhaps think— quite as badly hit as you perhaps think they— quite as badly hit as you perhaps think they will be of this to work. every— think they will be of this to work. every tax — think they will be of this to work. every tax even is little bit different and it is notjust a low corporate — different and it is notjust a low corporate tax that they offer. some
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of them _ corporate tax that they offer. some of them offering zero personal income — of them offering zero personal income tax, zero inheritance tax and a whole _ income tax, zero inheritance tax and a whole range of benefits including secrecy _ a whole range of benefits including secrecy that are attractive to businesses and i suspect that they will continue to profit these services _ will continue to profit these services and clients will continue to find _ services and clients will continue to find them useful. they did not evist— to find them useful. they did not exist for— to find them useful. they did not exist for nothing and i don't think that this — exist for nothing and i don't think that this one measure is going to do away— that this one measure is going to do away with— that this one measure is going to do away with them. and then you have countries _ away with them. and then you have countries like ireland were one in the eight — countries like ireland were one in the eight people is employed by these _ the eight people is employed by these giant particularly the digital firms— these giant particularly the digital firms and i think they would not leave _ firms and i think they would not leave ireland just because they don't _ leave ireland just because they don't have a low tax rate. if there is a uniform — don't have a low tax rate. if there is a uniform tax regime, there is no particular— is a uniform tax regime, there is no particular advantage in relocating and they— particular advantage in relocating and they are pretty much embedded. so, conditions will vary depending on the _ so, conditions will vary depending on the arrangements put in place. do on the arrangements put in place. dy: you on the arrangements put in place. you think the on the arrangements put in place. up you think the modern—day descendents of the congress of 1765 will
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actually vote to endorse this? it has to be ratified by each country and if— has to be ratified by each country and if the — has to be ratified by each country and if the us— has to be ratified by each country and if the us doesn't— has to be ratified by each country and if the us doesn't ratify- has to be ratified by each country and if the us doesn't ratify it- has to be ratified by each country and if the us doesn't ratify it and| and if the us doesn't ratify it and there's— and if the us doesn't ratify it and there's a — and if the us doesn't ratify it and there's a big _ and if the us doesn't ratify it and there's a big problem. _ and if the us doesn't ratify it and there's a big problem. joe - and if the us doesn't ratify it and| there's a big problem. joe biden, and if the us doesn't ratify it and i there's a big problem. joe biden, as we know. _ there's a big problem. joe biden, as we know. has— there's a big problem. joe biden, as we know. has a _ there's a big problem. joe biden, as we know, has a split _ there's a big problem. joe biden, as we know, has a split senate - there's a big problem. joe biden, as we know, has a split senate and - there's a big problem. joe biden, as we know, has a split senate and a l we know, has a split senate and a razor— we know, has a split senate and a razor thin — we know, has a split senate and a razor thin majority— we know, has a split senate and a razor thin majority in _ we know, has a split senate and a razor thin majority in the - we know, has a split senate and a razor thin majority in the house i we know, has a split senate and a i razor thin majority in the house and he's got _ razor thin majority in the house and he's got to— razor thin majority in the house and he's got to get _ razor thin majority in the house and he's got to get it _ razor thin majority in the house and he's got to get it passed. _ he's got to get it passed. republicans, _ he's got to get it passed. republicans, it— he's got to get it passed. republicans, it is- he's got to get it passed. republicans, it is really. republicans, it is really interesting _ republicans, it is really interesting the - republicans, it is really interesting the cultural| republicans, it is really- interesting the cultural divide republicans, it is really— interesting the cultural divide that this represents. _ interesting the cultural divide that this represents. joe _ interesting the cultural divide that this represents. joe biden - interesting the cultural divide that this represents. joe biden and - interesting the cultural divide thatj this represents. joe biden and the democrats — this represents. joe biden and the democrats argued _ this represents. joe biden and the democrats argued this _ this represents. joe biden and the democrats argued this is - this represents. joe biden and the democrats argued this is about. democrats argued this is about investing — democrats argued this is about investing in _ democrats argued this is about investing in infrastructure - democrats argued this is about investing in infrastructure and. democrats argued this is about| investing in infrastructure and a clean _ investing in infrastructure and a clean environment. _ investing in infrastructure and a| clean environment. republicans investing in infrastructure and a - clean environment. republicans say that that _ clean environment. republicans say that that is — clean environment. republicans say that that is not _ clean environment. republicans say that that is not how— clean environment. republicans say that that is not how you _ clean environment. republicans say that that is not how you get - clean environment. republicans sayj that that is not how you get growth. you do _ that that is not how you get growth. you do not — that that is not how you get growth. you do not tax — that that is not how you get growth. you do not tax corporations - that that is not how you get growth. you do not tax corporations to - you do not tax corporations to do it. you do not tax corporations to do it you _ you do not tax corporations to do it you give — you do not tax corporations to do it. you give corporations- you do not tax corporations to do it. you give corporations more i you do not tax corporations to do - it. you give corporations more money so they— it. you give corporations more money so they can _ it. you give corporations more money so they can invest _ it. you give corporations more money so they can invest. this _ it. you give corporations more money so they can invest. this is _ it. you give corporations more money so they can invest. this is that - so they can invest. this is that economy— so they can invest. this is that economy within _ so they can invest. this is that economy within american - so they can invest. this is that i economy within american politics when _ economy within american politics when it— economy within american politics when it comes _ economy within american politics when it comes to _ economy within american politics when it comes to financial - economy within american politics when it comes to financial policyl when it comes to financial policy and they've _ when it comes to financial policy and they've got _ when it comes to financial policy and they've got to _ when it comes to financial policy and they've got to win. - when it comes to financial policy and they've got to win. joe - when it comes to financial policyl and they've got to win. joe biden has to— and they've got to win. joe biden has to win — and they've got to win. joe biden has to win in _ and they've got to win. joe biden has to win in the _ and they've got to win. joe biden has to win in the senate. - and they've got to win. joe biden has to win in the senate. two - and they've got to win. joe biden i has to win in the senate. two thirds support— has to win in the senate. two thirds support to _ has to win in the senate. two thirds support to get — has to win in the senate. two thirds
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support to get this _ has to win in the senate. two thirds support to get this through - has to win in the senate. two thirds support to get this through and - has to win in the senate. two thirds support to get this through and so i support to get this through and so he has _ support to get this through and so he has to— support to get this through and so he has to find _ support to get this through and so he has to find and _ support to get this through and so he has to find and persuade - he has to find and persuade republican— he has to find and persuade republican senators - he has to find and persuade republican senators who i he has to find and persuadel republican senators who are somewhat more moderate — republican senators who are somewhat more moderate than _ republican senators who are somewhat more moderate than their— republican senators who are somewhat more moderate than their brethren - republican senators who are somewhat more moderate than their brethren in l more moderate than their brethren in the house _ more moderate than their brethren in the house to — more moderate than their brethren in the house to support _ more moderate than their brethren in the house to support this. _ more moderate than their brethren in the house to support this. it - more moderate than their brethren in the house to support this. it is- the house to support this. it is going — the house to support this. it is going to — the house to support this. it is going to he _ the house to support this. it is going to be tough _ the house to support this. it is going to be tough and - the house to support this. it is going to be tough and watch . the house to support this. it is. going to be tough and watch this channel— going to be tough and watch this channel because _ going to be tough and watch this channel because the _ going to be tough and watch this channel because the outcome i going to be tough and watch this channel because the outcome is| going to be tough and watch this i channel because the outcome is far from _ channel because the outcome is far from clear— channel because the outcome is far from clear stop _ channel because the outcome is far from clear stop you _ channel because the outcome is far from clear stop you lived _ channel because the outcome is far from clear stop you lived in- channel because the outcome is far from clear stop you lived in a - channel because the outcome is far from clear stop you lived in a tax i from clear stop you lived in a tax even _ from clear stop you lived in a tax even. , , , ., , even. very briefly. you can survive? for example. _ even. very briefly. you can survive? for example, the _ even. very briefly. you can survive? for example, the super _ even. very briefly. you can survive? for example, the super rich - even. very briefly. you can survive? for example, the super rich will, . for example, the super rich will, individuals will still find this place is useful but ijust want to pick up on whatjeffrey said. but we should remember is, were going to get a lot more tax revenue and mainly talking about these us super companies and actually the big winner on this is going to be the united states and that's always been the case whenever we've had this. and listen, but he a famous going to tax these companies, it's going to be us. and i think they will get most of the tax revenue because it
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will make no sense if you got your brain trust in california have all of these outposts in far—flung places around the world. so, the us is going to be the big winner. but the point is correct that the ability to sojourn tax rates is going to be a big part of sovereignty.— going to be a big part of sovereiun . 3, ~' ,. , . sovereignty. thank you very much. it is less than — sovereignty. thank you very much. it is less than a — sovereignty. thank you very much. it is less than a month _ sovereignty. thank you very much. it is less than a month since _ sovereignty. thank you very much. it is less than a month since the - is less than a month since the members of the 67 are meeting on an english peninsula sink the wood in the pandemic and many save vaccines to as many people as possible as fast as possible and this week the managing director in effect told them that they're being to me and into slow. he said the richest nations must do more to help the poorest cope with what they called the devastating double blow of pandemics and the economic damage set the price at the bulk of playing would be cheap at half the price. and what do you make of this? just
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before the meaning of the 620, they suggested that a stinging rebuke of the speed and the enthusiasm of the biggest nations have shown for tackling this disparity created by the pandemic. it is tackling this disparity created by the pandemic.— the pandemic. it is hard to disagree- _ the pandemic. it is hard to disagree. it _ the pandemic. it is hard to disagree. it was _ the pandemic. it is hard to disagree. it was set - the pandemic. it is hard to disagree. it was set at - the pandemic. it is hard to disagree. it was set at the | the pandemic. it is hard to - disagree. it was set at the time of the g7 _ disagree. it was set at the time of the 67 that— disagree. it was set at the time of the 67 that it was pretty unedifying to see _ the 67 that it was pretty unedifying to see the — the 67 that it was pretty unedifying to see the worlds extremely wealthy countries _ to see the worlds extremely wealthy countries promising to end the pandemic— countries promising to end the pandemic with an offer of approximately a tenth of what is required — approximately a tenth of what is required according to the who. the who says— required according to the who. the who says we need about 11 billion doses— who says we need about 11 billion doses for— who says we need about 11 billion doses for the rest of the world and they collectively offered rather than less than one minute. it is really— than less than one minute. it is really not — than less than one minute. it is really not good enough and it is a pattern _ really not good enough and it is a pattern of— really not good enough and it is a pattern of lack of solidarity that 'ust pattern of lack of solidarity that just ran — pattern of lack of solidarity that just ran through that summit and has been pretty— just ran through that summit and has been pretty much in evidence for 18
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months _ been pretty much in evidence for 18 months it— been pretty much in evidence for 18 months. it is very much the same on the climate _ months. it is very much the same on the climate finance pledge which is also on _ the climate finance pledge which is also on the table at the g7 summit that is— also on the table at the g7 summit that is a _ also on the table at the g7 summit that is a pledge of 100 billion a year. _ that is a pledge of 100 billion a year, which is been on the table since _ year, which is been on the table since the — year, which is been on the table since the copenhagen summit which has never— since the copenhagen summit which has never been fulfilled. it is still— has never been fulfilled. it is still not _ has never been fulfilled. it is still not fulfilled and that will come — still not fulfilled and that will come up in the 620. and these things matter. _ come up in the 620. and these things matter. not— come up in the 620. and these things matter, notjust because it looks me in generous, — matter, notjust because it looks me in generous, which is certainly an attractive, — in generous, which is certainly an attractive, but it matters because we live _ attractive, but it matters because we live in — attractive, but it matters because we live in a — attractive, but it matters because we live in a connected world and if countries — we live in a connected world and if countries are being pushed into crisis _ countries are being pushed into crisis and — countries are being pushed into crisis and into further in the pandemic— crisis and into further in the pandemic case, will be breeding new variants. _ pandemic case, will be breeding new variants, which will come back to us as we _ variants, which will come back to us as we are _ variants, which will come back to us as we are to— variants, which will come back to us as we are to have learned by now, if there _ as we are to have learned by now, if there being — as we are to have learned by now, if there being pushed into deeper financial— there being pushed into deeper financial crisis, it is going to generate _ financial crisis, it is going to generate instability and crises which — generate instability and crises which in — generate instability and crises which in the the developed world has to deal— which in the the developed world has to deal with on claimant and again, you wreck— to deal with on claimant and again, you wreck the glasgow clock by
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refusing — you wreck the glasgow clock by refusing to honour the promises to the poor— refusing to honour the promises to the poor world because we need everyone — the poor world because we need everyone to put their shoulders to the wheel— everyone to put their shoulders to the wheel and glasgow. so, this is utterly— the wheel and glasgow. so, this is utterly self—defeating. we really ought _ utterly self—defeating. we really ought to— utterly self—defeating. we really ought to be, we ought to deliver on the promises and vaccines are up there _ the promises and vaccines are up there is— the promises and vaccines are up there is a — the promises and vaccines are up there is a very conspicuous promise. there _ there is a very conspicuous promise. there is— there is a very conspicuous promise. there is a _ there is a very conspicuous promise. there is a whole queue of other promises — there is a whole queue of other promises behind them. find there is a whole queue of other promises behind them. and ted make joe biden, promises behind them. and ted make joe biden. does _ promises behind them. and ted make joe biden, does he _ promises behind them. and ted make joe biden, does he not— promises behind them. and ted make joe biden, does he not want _ promises behind them. and ted make joe biden, does he not want to - promises behind them. and ted make joe biden, does he not want to spend| joe biden, does he not want to spend the money for this? because he, he said there will be trillions in extra and global economic benefits if only spending it in a short period of time to get the vaccine out there. , , ., ._ ' ~:: period of time to get the vaccine out there-— out there. just today, 160 billion towards those _ out there. just today, 160 billion towards those efforts, _ out there. just today, 160 billion towards those efforts, which - out there. just today, 160 billion towards those efforts, which is l out there. just today, 160 billion towards those efforts, which is a
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significant — towards those efforts, which is a significant step— towards those efforts, which is a significant step and _ towards those efforts, which is a significant step and it _ towards those efforts, which is a significant step and it does - towards those efforts, which is a| significant step and it does move things— significant step and it does move things forward _ significant step and it does move things forward but _ significant step and it does move things forward but is _ significant step and it does move things forward but is a _ significant step and it does move things forward but is a million i things forward but is a million vaccines— things forward but is a million vaccines to _ things forward but is a million vaccines to indonesia - things forward but is a million vaccines to indonesia and - things forward but is a million| vaccines to indonesia and that things forward but is a million . vaccines to indonesia and that is staggeringly— vaccines to indonesia and that is staggeringly small— vaccines to indonesia and that is staggeringly small amount - vaccines to indonesia and that is i staggeringly small amount ravaged vaccines to indonesia and that is - staggeringly small amount ravaged by covid-i9 _ staggeringly small amount ravaged by covid-i9 and — staggeringly small amount ravaged by covid-i9 and to — staggeringly small amount ravaged by covid—19 and to give _ staggeringly small amount ravaged by covid—19 and to give you _ staggeringly small amount ravaged by covid—19 and to give you an _ staggeringly small amount ravaged by covid—19 and to give you an idea - staggeringly small amount ravaged by covid—19 and to give you an idea of. covid—19 and to give you an idea of this, _ covid—19 and to give you an idea of this, 798— covid—19 and to give you an idea of this, 7.98 billion _ covid—19 and to give you an idea of this, 7.98 billion people, - covid—19 and to give you an idea of this, 7.98 billion people, take - this, 7.98 billion people, take about— this, 7.98 billion people, take about a — this, 7.98 billion people, take about a quarter— this, 7.98 billion people, take about a quarter of _ this, 7.98 billion people, take about a quarter of that - this, 7.98 billion people, take about a quarter of that as - this, 7.98 billion people, take - about a quarter of that as children, 'ust about a quarter of that as children, just of— about a quarter of that as children, just of 6— about a quarter of that as children, just of 6 billion _ about a quarter of that as children, just of 6 billion adults. _ about a quarter of that as children, just of 6 billion adults. each - just of 6 billion adults. each needing _ just of 6 billion adults. each needing to _ just of 6 billion adults. each needing to vaccines - just of 6 billion adults. each needing to vaccines into - just of 6 billion adults. each needing to vaccines into the just of 6 billion adults. each - needing to vaccines into the johnson &johnson_ needing to vaccines into the johnson &johnson vaccine _ needing to vaccines into the johnson & johnson vaccine can _ needing to vaccines into the johnson & johnson vaccine can be _ needing to vaccines into the johnson &johnson vaccine can be spread - &johnson vaccine can be spread around _ &johnson vaccine can be spread around the — &johnson vaccine can be spread around the world. _ &johnson vaccine can be spread around the world. we _ &johnson vaccine can be spread around the world. we only- &johnson vaccine can be spread around the world. we only have | &johnson vaccine can be spread - around the world. we only have about 3 billion— around the world. we only have about 3 billion vaccines _ around the world. we only have about 3 billion vaccines delivered _ around the world. we only have about 3 billion vaccines delivered in - around the world. we only have about 3 billion vaccines delivered in most. 3 billion vaccines delivered in most of them _ 3 billion vaccines delivered in most of them to— 3 billion vaccines delivered in most of them to the _ 3 billion vaccines delivered in most of them to the first _ 3 billion vaccines delivered in most of them to the first world, - 3 billion vaccines delivered in most of them to the first world, only - 3 billion vaccines delivered in most of them to the first world, only 5%| of them to the first world, only 5% of them to the first world, only 5% of the _ of them to the first world, only 5% of the adult — of them to the first world, only 5% of the adult population _ of them to the first world, only 5% of the adult population is - of them to the first world, only 5% of the adult population is said - of them to the first world, only 5% of the adult population is said to l of the adult population is said to vaccines — of the adult population is said to vaccines we _ of the adult population is said to vaccines. we do _ of the adult population is said to vaccines. we do have _ of the adult population is said to vaccines. we do have a - of the adult population is said to vaccines. we do have a looming| vaccines. we do have a looming catastrophe _ vaccines. we do have a looming catastrophe. we _ vaccines. we do have a looming catastrophe. we have _ vaccines. we do have a looming catastrophe. we have this - vaccines. we do have a looming catastrophe. we have this veryl catastrophe. we have this very worrisome _ catastrophe. we have this very worrisome recovery— catastrophe. we have this very worrisome recovery happeningj catastrophe. we have this very- worrisome recovery happening and we saw the _ worrisome recovery happening and we saw the economy— worrisome recovery happening and we saw the economy recovering - worrisome recovery happening and we saw the economy recovering with - worrisome recovery happening and we saw the economy recovering with 7% i saw the economy recovering with 7% growth _ saw the economy recovering with 7% growth and — saw the economy recovering with 7% growth and that _ saw the economy recovering with 7% growth and that is _ saw the economy recovering with 7% growth and that is fantastic, - saw the economy recovering with 7% growth and that is fantastic, but - saw the economy recovering with 7% growth and that is fantastic, but it . growth and that is fantastic, but it is a case _ growth and that is fantastic, but it is a case shape _ growth and that is fantastic, but it
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is a case shape recovery. - growth and that is fantastic, but it is a case shape recovery. a- growth and that is fantastic, but it is a case shape recovery. a the . is a case shape recovery. a the western— is a case shape recovery. a the western economy— is a case shape recovery. a the western economy go _ is a case shape recovery. a the western economy go up - is a case shape recovery. a the western economy go up facing | is a case shape recovery. a the - western economy go up facing the developing — western economy go up facing the developing and _ western economy go up facing the developing and emerging - western economy go up facing the . developing and emerging economies lloii'i developing and emerging economies going down— developing and emerging economies going down in— developing and emerging economies going down in the _ developing and emerging economies going down in the separation- developing and emerging economies going down in the separation that. developing and emerging economies going down in the separation that isl going down in the separation that is both talking — going down in the separation that is both talking about _ going down in the separation that is both talking about between - going down in the separation that is both talking about between the - both talking about between the wealthy — both talking about between the wealthy nations _ both talking about between the wealthy nations in _ both talking about between the wealthy nations in the - both talking about between the wealthy nations in the poorer. wealthy nations in the poorer nations— wealthy nations in the poorer nations is— wealthy nations in the poorer nations is going _ wealthy nations in the poorer nations is going to— wealthy nations in the poorer nations is going to be - wealthy nations in the poorer- nations is going to be exacerbated by this— nations is going to be exacerbated by this pandemic. _ nations is going to be exacerbated by this pandemic. but _ nations is going to be exacerbated by this pandemic. but also - nations is going to be exacerbatedl by this pandemic. but also because of this— by this pandemic. but also because of this challenge _ by this pandemic. but also because of this challenge and _ by this pandemic. but also because of this challenge and it _ by this pandemic. but also because of this challenge and it really- by this pandemic. but also because of this challenge and it really can . of this challenge and it really can come _ of this challenge and it really can come back— of this challenge and it really can come back and _ of this challenge and it really can come back and bite _ of this challenge and it really can come back and bite the - of this challenge and it really can come back and bite the westernl come back and bite the western nations— come back and bite the western nations because _ come back and bite the western nations because these - come back and bite the western nations because these variants. come back and bite the western . nations because these variants are out. nations because these variants are out if— nations because these variants are out if we — nations because these variants are out if we don't _ nations because these variants are out. if we don't control— nations because these variants are out. if we don't control this - nations because these variants are out. if we don't control this virus i out. if we don't control this virus and the — out. if we don't control this virus and the variance _ out. if we don't control this virus and the variance before - out. if we don't control this virus and the variance before it - out. if we don't control this virus and the variance before it can . out. if we don't control this virusi and the variance before it can can use to _ and the variance before it can can use to reproduce _ and the variance before it can can use to reproduce in _ and the variance before it can can use to reproduce in changes, - and the variance before it can can use to reproduce in changes, wel and the variance before it can can i use to reproduce in changes, we are going _ use to reproduce in changes, we are going to _ use to reproduce in changes, we are going to be — use to reproduce in changes, we are going to be in— use to reproduce in changes, we are going to be in trouble _ use to reproduce in changes, we are going to be in trouble for— use to reproduce in changes, we are going to be in trouble for a - use to reproduce in changes, we are going to be in trouble for a very- going to be in trouble for a very long _ going to be in trouble for a very long time — going to be in trouble for a very long time globally. _ going to be in trouble for a very long time globally. and - going to be in trouble for a very long time globally. and so- going to be in trouble for a very long time globally. and so thisl going to be in trouble for a very. long time globally. and so this is a huge _ long time globally. and so this is a huge impetus— long time globally. and so this is a huge impetus to _ long time globally. and so this is a huge impetus to invest _ long time globally. and so this is a huge impetus to invest in- long time globally. and so this is a huge impetus to invest in this. - long time globally. and so this is a huge impetus to invest in this. it. huge impetus to invest in this. it is not _ huge impetus to invest in this. it is not happening _ huge impetus to invest in this. it is not happening fast _ huge impetus to invest in this. it is not happening fast enough - huge impetus to invest in this. it| is not happening fast enough and huge impetus to invest in this. it- is not happening fast enough and we seeing _ is not happening fast enough and we seeing some — is not happening fast enough and we seeing some acceleration _ is not happening fast enough and we seeing some acceleration but - is not happening fast enough and we seeing some acceleration but it- is not happening fast enough and we seeing some acceleration but it is. seeing some acceleration but it is still unacceptable. _ seeing some acceleration but it is still unacceptable.— seeing some acceleration but it is still unacceptable. something of a moral challenge _ still unacceptable. something of a moral challenge as _ still unacceptable. something of a moral challenge as well. - still unacceptable. something of a moral challenge as well. and - still unacceptable. something of a moral challenge as well. and he i moral challenge as well. and he chaired the summit and he was kind of the driving force in getting that communication. saying in this country that we've got vaccination allows for us to have this almost bonfire of covid—19 regulation on
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the 19th ofjuly and will know when they make the final decision. in essence, there's a danger, a dangerous approach to this. some say the du of dangerous approach to this. some say the duty of an — dangerous approach to this. some say the duty of an elected _ dangerous approach to this. some say the duty of an elected government - dangerous approach to this. some say the duty of an elected government is. the duty of an elected government is the duty of an elected government is the defence of their own citizens. and the uk government has painted itself into a bit of a corner with this lifting because it is relying hundred percent really on social distancing going out and it relies on the strut to do the donkey work in terms of keeping the country safe. so that puts in the difficult position to contribute to the vaccines because you're putting all your bets in the vaccines and keeping this country safe. the uk pledged 100 million doses and in government circles, the uk has done that spit here. and they put 100 million on the table and given this,
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the direction of travel with the restrictions and social distancing on the way out, vaccines are going to be there, they have to be there to be there, they have to be there to support, which i think probably ties their hands a little bit and the generosity that they can make. and as jeffrey and the generosity that they can make. and asjeffrey and his skill set, this is the pandemic. if you don't do it like that, it comes back to so much vaccinated everywhere, you vaccinate nowhere in some sense. hagar vaccinate nowhere in some sense. how do ou vaccinate nowhere in some sense. how do you respond — vaccinate nowhere in some sense. how do you respond when the measures are lifted, iwill do you respond when the measures are lifted, i will continue to wear a mask on public transport and credit situations and i think, that is also not going to fill all my goodness me, is in life so weird. i not going to fill all my goodness me, is in life so weird.— me, is in life so weird. i think we've gotten _ me, is in life so weird. i think we've gotten used _ me, is in life so weird. i think we've gotten used to - me, is in life so weird. i think we've gotten used to some i me, is in life so weird. i think. we've gotten used to some new protocols and remember we used to look a little puzzled when asian travellers would get off the airport and i would think, that's our service 20 years ago. and jeffrey. how will you respond two think
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putting how will you respond two think huttin ., , how will you respond two think huttin , , . putting masks in the public transport. _ putting masks in the public transport, we're _ putting masks in the public transport, we're are - putting masks in the public| transport, we're are setting ourselves— transport, we're are setting ourselves up _ transport, we're are setting ourselves up for— transport, we're are setting ourselves up for yet - transport, we're are setting| ourselves up for yet another transport, we're are setting - ourselves up for yet another 180 from _ ourselves up for yet another 180 from the — ourselves up for yet another 180 from the government. _ ourselves up for yet another 180 from the government. but - ourselves up for yet another 180 from the government. but thenl ourselves up for yet another 180 - from the government. but then boris johnson _ from the government. but then boris johnson understandably— from the government. but then boris johnson understandably wants - from the government. but then boris johnson understandably wants to - from the government. but then boris. johnson understandably wants to move the economy— johnson understandably wants to move the economy forward, _ johnson understandably wants to move the economy forward, but _ johnson understandably wants to move the economy forward, but we - johnson understandably wants to move the economy forward, but we cannot. the economy forward, but we cannot be in _ the economy forward, but we cannot be in suspended _ the economy forward, but we cannot be in suspended animation - be in suspended animation perpetually _ be in suspended animation perpetually but _ be in suspended animation perpetually but somewhatl be in suspended animation - perpetually but somewhat more incremental— perpetually but somewhat more incremental approach _ perpetually but somewhat more incremental approach might - perpetually but somewhat more incremental approach might bel perpetually but somewhat more - incremental approach might be wise here _ incremental approach might be wise here. �* . . , incremental approach might be wise here. a . , ., ., ., here. actually, i am in london right now. here. actually, i am in london right now- scotland _ here. actually, i am in london right now. scotland is _ here. actually, i am in london right now. scotland is not _ here. actually, i am in london right now. scotland is not doing - here. actually, i am in london right now. scotland is not doing terribly i now. scotland is not doing terribly well in _ now. scotland is not doing terribly well in terms of numbers. i too will continue _ well in terms of numbers. i too will continue to— well in terms of numbers. i too will continue to wear a mask and none of these _ continue to wear a mask and none of these decisions by the government level are _ these decisions by the government level are easy and clearly, there are a _ level are easy and clearly, there are a lot — level are easy and clearly, there are a lot of— level are easy and clearly, there are a lot of sectors in the government that are hurting. none of them are _ government that are hurting. none of them are negatively affected by mask wearing _ them are negatively affected by mask wearing. mask wearing, the removal of the _ wearing. mask wearing, the removal of the obligation is entirely politics— of the obligation is entirely politics and a very little sympathy for that — politics and a very little sympathy for that. so, politics and a very little sympathy forthat. so, iwill continue politics and a very little sympathy for that. so, i will continue to wear— for that. so, i will continue to wear one _ for that. so, i will continue to wear one-—
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for that. so, i will continue to wear one. for that. so, i will continue to wearone. , , ., ., ., wear one. just before we go, i have a minute to — wear one. just before we go, i have a minute to talk— wear one. just before we go, i have a minute to talk about _ wear one. just before we go, i have a minute to talk about something . wear one. just before we go, i have a minute to talk about something i | a minute to talk about something i think perhaps we have not paid enough attention to but we need to keep it in our minds. do you want to kick us off? i keep it in our minds. do you want to kick us off?— kick us off? i have not lived in canada for — kick us off? i have not lived in canada for a _ kick us off? i have not lived in canada for a quarter-centuryl kick us off? i have not lived in i canada for a quarter-century and canada for a quarter—century and i've canada for a quarter—century and i've just — canada for a quarter—century and i've just been _ canada for a quarter—century and i've just been mortified - canada for a quarter—century and i've just been mortified by- canada for a quarter—century and i've just been mortified by thesel i've just been mortified by these reports — i've just been mortified by these reports of— i've just been mortified by these reports of unmarked _ i've just been mortified by these reports of unmarked indigenous| reports of unmarked indigenous grapes — reports of unmarked indigenous grapes found _ reports of unmarked indigenous grapes found in— reports of unmarked indigenous grapes found in residential- reports of unmarked indigenous i grapes found in residential schools across— grapes found in residential schools across canada _ grapes found in residential schools across canada and _ grapes found in residential schools across canada and you've - grapes found in residential schools across canada and you've heard i grapes found in residential schools across canada and you've heard of| across canada and you've heard of that over — across canada and you've heard of that over the _ across canada and you've heard of that over the last _ across canada and you've heard of that over the last number- across canada and you've heard of that over the last number of- across canada and you've heard of| that over the last number of weeks and canadians— that over the last number of weeks and canadians are _ that over the last number of weeks and canadians are so _ that over the last number of weeks and canadians are so proud - that over the last number of weeks and canadians are so proud of- that over the last number of weeksj and canadians are so proud of their goodness _ and canadians are so proud of their goodness and — and canadians are so proud of their goodness and this _ and canadians are so proud of their goodness and this is _ and canadians are so proud of their goodness and this is just _ and canadians are so proud of their goodness and this isjust not i goodness and this isjust not something _ goodness and this isjust not something that _ goodness and this isjust not something that is _ goodness and this isjust not something that is easy- goodness and this isjust not something that is easy to i goodness and this isjust not - something that is easy to stomach. in something that is easy to stomach. in the _ something that is easy to stomach. in the wake — something that is easy to stomach. in the wake of— something that is easy to stomach. in the wake of that, _ something that is easy to stomach. in the wake of that, really - in the wake of that, really interesting _ in the wake of that, really interesting piece - in the wake of that, really interesting piece of- in the wake of that, really interesting piece of newsl in the wake of that, really i interesting piece of news this in the wake of that, really - interesting piece of news this week that is— interesting piece of news this week that is kind — interesting piece of news this week that is kind of— interesting piece of news this week that is kind of tangential— interesting piece of news this week that is kind of tangential but- interesting piece of news this week that is kind of tangential but also . that is kind of tangential but also merry— that is kind of tangential but also merry slime _ that is kind of tangential but also merry slime and _ that is kind of tangential but also merry slime and appointed i that is kind of tangential but also i merry slime and appointed canada's first indigenous— merry slime and appointed canada's first indigenous governor— merry slime and appointed canada's first indigenous governor general. first indigenous governor general and in _ first indigenous governor general and in any — first indigenous governor general and in any wood _ first indigenous governor general and in any wood community- first indigenous governor general and in any wood community in. and in any wood community in northern— and in any wood community in northern quebec, _ and in any wood community in northern quebec, she - and in any wood community in northern quebec, she is- and in any wood community in northern quebec, she is now. and in any wood community in- northern quebec, she is now going to the viceregal— northern quebec, she is now going to the viceregal representative - northern quebec, she is now going to the viceregal representative and - northern quebec, she is now going to the viceregal representative and in i the viceregal representative and in essence, _ the viceregal representative and in essence, that_ the viceregal representative and in essence, that is— the viceregal representative and in essence, that is going _ the viceregal representative and in essence, that is going to— the viceregal representative and in essence, that is going to be - essence, that is going to be symbolic, _
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essence, that is going to be symbolic, usually— essence, that is going to bel symbolic, usually symbolism essence, that is going to be . symbolic, usually symbolism in essence, that is going to be - symbolic, usually symbolism in that role because — symbolic, usually symbolism in that role because it _ symbolic, usually symbolism in that role because it doesn't _ symbolic, usually symbolism in that role because it doesn't really- role because it doesn't really matter. _ role because it doesn't really matter. but_ role because it doesn't really matter, but in— role because it doesn't really matter, but in this _ role because it doesn't really matter, but in this role, - role because it doesn't really matter, but in this role, it. role because it doesn't really matter, but in this role, it is| matter, but in this role, it is really— matter, but in this role, it is really fascinating _ matter, but in this role, it is really fascinating but - matter, but in this role, it is really fascinating but one i matter, but in this role, it is- really fascinating but one caveat is, she _ really fascinating but one caveat is, she is — really fascinating but one caveat is, she is bilingual. _ really fascinating but one caveat is, she is bilingual. she- really fascinating but one caveat is, she is bilingual. she does- really fascinating but one caveat| is, she is bilingual. she does not speak— is, she is bilingual. she does not speak french, _ is, she is bilingual. she does not speak french, which _ is, she is bilingual. she does not speak french, which the - is, she is bilingual. she does not speak french, which the other. speak french, which the other official— speak french, which the other official english— speak french, which the other official english of— speak french, which the other official english of canada - speak french, which the other official english of canada and| speak french, which the other- official english of canada and that sets up— official english of canada and that sets up a — official english of canada and that sets up a bit— official english of canada and that sets up a bit of— official english of canada and that sets up a bit of a _ official english of canada and that sets up a bit of a problem - official english of canada and that sets up a bit of a problem for- sets up a bit of a problem for justin — sets up a bit of a problem for justin trudeau _ sets up a bit of a problem for justin trudeau but _ sets up a bit of a problem for justin trudeau but given - sets up a bit of a problem for| justin trudeau but given what sets up a bit of a problem for. justin trudeau but given what is happened — justin trudeau but given what is happened recently, _ justin trudeau but given what is happened recently, canadians l justin trudeau but given what is - happened recently, canadians seem disposed _ happened recently, canadians seem disposed to— happened recently, canadians seem disposed to saying _ happened recently, canadians seem disposed to saying that _ happened recently, canadians seem disposed to saying that it _ happened recently, canadians seem disposed to saying that it is - happened recently, canadians seem disposed to saying that it is a - happened recently, canadians seem disposed to saying that it is a good i disposed to saying that it is a good move _ disposed to saying that it is a good move. ,, , ., ., , move. she said she will learn as cuickl move. she said she will learn as quickly as _ move. she said she will learn as quickly as she — move. she said she will learn as quickly as she can. _ move. she said she will learn as quickly as she can. i _ move. she said she will learn as quickly as she can. i will - move. she said she will learn as| quickly as she can. i will continue to be fascinated _ quickly as she can. i will continue to be fascinated by _ quickly as she can. i will continue to be fascinated by the _ quickly as she can. i will continue to be fascinated by the impact . quickly as she can. i will continue to be fascinated by the impact by| to be fascinated by the impact by the impact of these forces on china because _ the impact of these forces on china because very big interest and one of the worlds _ because very big interest and one of the worlds biggest copper deposits which _ the worlds biggest copper deposits which china bought ten years ago has never— which china bought ten years ago has never been _ which china bought ten years ago has never been able to develop so there are minerals, including rare or is that— are minerals, including rare or is that china — are minerals, including rare or is that china would like to have another _ that china would like to have another thing is security and watching _ another thing is security and watching the china make sense of the tatiban— watching the china make sense of the taliban has— watching the china make sense of the taliban has been really interesting because _ taliban has been really interesting because it — taliban has been really interesting because it is hoping that with
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tatiban— because it is hoping that with taliban support, it can continue to secure _ taliban support, it can continue to secure xinjiang but to defend against — secure xinjiang but to defend against attacks against an energy ptant _ against attacks against an energy plant the — against attacks against an energy plant the ghost of western china and pakistan, _ plant the ghost of western china and pakistan, which runs through some very hostite — pakistan, which runs through some very hostile territories, where watching _ very hostile territories, where watching china develop into a security— watching china develop into a security actor well beyond its borders — security actor well beyond its borders and i think that's going to be wett— borders and i think that's going to be well worth watching. how borders and i think that's going to be well worth watching.— be well worth watching. how they will make friends _ be well worth watching. how they will make friends of _ be well worth watching. how they will make friends of the _ be well worth watching. how they i will make friends of the government thatis will make friends of the government that is so heavily criticised for its treatment of its minority muslim community. how long have you got? just under a minute. that community. how long have you got? just under a minute.— just under a minute. that is longer than i thought. _ just under a minute. that is longer than i thought. i— just under a minute. that is longer than i thought. i am _ just under a minute. that is longer than i thought. i am not _ just under a minute. that is longer than i thought. i am not sure - just under a minute. that is longer than i thought. i am not sure thatl than i thought. i am not sure that this is got enough attention. buy things going to be one of the defining things of our age. there is covid—i9 in this climate but inflation. i think you're at this very interesting point was the economy is roaring back 7% growth in the us, you can a 7% growth way of
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interest rates and next to zero for very long what is going to be interesting is whether the supercharged economies and recoveries, when they still got policies, borrowing money which is more suited to a financial crisis and ten years ago, at some point, something has to give. this already signs that the government, the rate at which they can borrow money is going up which have big implications for companies and individuals. thank ou ve for companies and individuals. thank you very much _ for companies and individuals. thank you very much to _ for companies and individuals. thank you very much to isabel _ for companies and individuals. thank you very much to isabel for - for companies and individuals. thank you very much to isabel for simon and jeffrey, thank you all for watching we're back at the same time next week. wherever you are in the world, goodbye.
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hello. it has been a day for sky watchers and some very big building clouds and every dump wasn't thunderstorms of been around. particularly in parts of east anglia, even a funnel cloud in county durham today that has not touch the ground. and where have you been seeing some of these torrential downpour only slowly fading as we get into the night in an area of rain arriving toward south west england in south wales and some mild and mucky nights to come. the rain and mucky nights to come. the rain and the southwest from the area of low pressure running quickly across southern ports during the first part of saturday and showers and thunderstorms scattered about elsewhere in another area of low pressure coming at us and the west later on today but added that, scattered showers and thunderstorms. let us look at both days this weekend and see what is on offered, a damp start in the south east
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england into parts of east anglia before slowly clearing on saturday afternoon and a cloudier cooler day and us or there'll be some he smells after mostly cloudy start peek and see very well scattered thunder downpours which could be torrential and slow—moving in places in wells, the midlands in northern england. the odd downpour cannot be ruled out along with the sunny spots in northern ireland. a coolerfeeling day in the southeast but pleasant elsewhere if you get to see some sunny spells in the evening as again, the thunderstorms will slowly fade, dry weather to begin on sunday but downpours flare up again, particularly to northern england and scotland and a cloud and showers and rain to pile in from the west as a go to the later stages of the day. rain and selfless england and parts of williston in the afternoon. the temperatures in the high teens and low 205 with where you can see some sunshine. as for wimbledon, the rain
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slowly clearing as we go into saturday afternoon and paraded in the day on sunday, showers cannot be ruled out it was like the bulk of sunday's wet weather on the london area is going to hold off and get into the evening is a certain big match happening at wembley may well be a damp start and hopefully not a dampened spirit. and a monday, this area of low pressure with some areas we could see some very heavy rain and will keep you updated on that.
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this is bbc news. i'm shaun ley. the headlines at eight. metroplitan officer wayne couzens pleads guilty to murdering sarah everard after snatching her from a street in south london. he raped and murdered her before dumping her body in kent. the head of the met said every officer felt betrayed by his actions. all of us in the met are sickened, angered, and devastated, by this mans crimes, they are dreadful. sarah everard's killing prompted questions around women's safety and the handling of investigations involving officers. the news to be a major cultural change in the cultural revolution almost in relation to the way in

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