Teacher in essex, says he did fill in the survey, but the governments policy on raac changed mid way through the process. I will tell you my comment about yesterdays comment. Its, well, hey, we arent all monks, are we . Weve probably all had our own discretions at times, but they arent always recorded. However, i quite like a compliment when i cook a nice dinner for my wife, but i usually fish for the compliment at the end of the meal, not before ive finished cooking it. So lets wait until we are at the end of this crisis and then well decide who deserves a thank you at the end. Thats really my take on it. With regard to the more recent comment that you just spoke about, well, i dont think that thats aimed at me particularly because i am a school that did fill out the questionnaire that then was then put in touch with the dfe and then the dfe kindly surveyed the school for us and kindly commissioned a report. That report is what identified the fact that we had raac. However, i think the issue is that the policy changed so our raac was deemed high, medium and low. A combination of those three. There is a higher rating called critical, we didnt have any critical. And the policyjust going into the Summer Holiday was that only raac rated critical needed some immediate attention. So, we were following that policy right up to mid august where we were still engaging with the dfe to organise an Additional Survey and then an action plan for the remedial work over time. And then the policy changed to be any room with raac could no longer be used. Lets bring in our panel paul waugh, Political Editor there is reporting that it closed you and right ovary and went for the most hostage often unilaterally. The bad news is its notjust schools, its public buildings like social housing. All sorts of different buildings that have been built with cheap material. I different buildings that have been built with cheap material. Built with cheap material. I think what the big built with cheap material. I think what the big problem built with cheap material. I think what the big problem here built with cheap material. I think what the big problem here is built with cheap material. I think| what the big problem here is that for the government overall politically, this is a timing issue thats the timing nightmare. Pupils are heading Back To School, and it looks like they may have to do Remote Learning or go in for prefabs. On the political level, the pm was due to be Back To School at Hogwarts In Westminster and he was trying to reset his equipment. The real problem is as a result, the unseemly blame game thats taking place where the minister suggests that the schools are to blame and the schools are saying theyre doing their best leads only to one direction, which is ultimately the person responsible rishi sunak when he was chancellor didnt provide schools enough money to repair themselves and build new schools to avoid this problem or rectify it. I think its a really difficult start to the new terms, because ultimately, you can get away with this kind of thing in a new government, but when youve been in powerfor 13 years, it government, but when youve been in power for 13 years, it feeds into this metaphor of britain being broken and public fabric falling around her ears. Ithink broken and public fabric falling around her ears. I think thats the real political difficulty for the Prime Minister, no matter how well his Education Secretary may not have handled it. The former Prime Minister was secretary said he asked for money he didnt get. Scott, its a legacy issue. These schools were built in the 1950s and current governments make decisions under budget constraints. Its a similar debate in america. I remember back injune, the Us Government gave 58 million in grants to schools to remove lead from drinking water, which is extraordinary in this day and age. But thats a similar type of example where governments know about it, they could have changed it, they sit on their hands and Public Infrastructure isnt improved. Is there a broader point about the way governments, particularly central, approach public for structure and buildings . Inaudible it appears the uk the same path. We not only it appears the uk the same path. We not only have increasing including but influence. A Record Number of students but influence. A Record Number of students are being pulled out of public students are being pulled out of Public Schools by wealthy parents to be put Public Schools by wealthy parents to be put in Public Schools by wealthy parents to be put in private schools, and theres be put in private schools, and theres less appetite for investment. Literally we had a Condominium Collapse at 1 30am with no explosion. It was a lack of regulatory no explosion. It was a lack of Regulatory Oversight and investment. Within Regulatory Oversight and investment. Within Walking Distance of that collapse is the four seasons at surfside collapse is the four seasons at surfside that is selling condominiums that £4000 a square metre condominiums that £4000 a square metre If Condominiums that £4000 a square metre. If you insist on the aggressive policy in the 1 does not pay their aggressive policy in the 1 does not pay theirfair share, the aggressive policy in the 1 does not pay their fair share, the easiest place pay their fair share, the easiest place to pay their fair share, the easiest place to cut is around infrastructure. Wealthy people have their own infrastructure. Wealthy people have their own health care, their own schools. Their own health care, their own schools, their own transportation. I worried schools, their own transportation. I worried that schools, their own transportation. I worried that the uk is heading down the same worried that the uk is heading down the same place we are, and that is our bridges the same place we are, and that is our bridges and infrastructure, disasters. Our bridges and infrastructure, disasters, bridges collapsing that youte disasters, bridges collapsing that youre heading down the same dangerous path. The people who are most influential and have the most power most influential and have the most power by most influential and have the most power by frankly dont need infrastructure. Power by frankly dont need infrastructure. W. , infrastructure. Scott makes a really aood infrastructure. Scott makes a really good point. Infrastructure. Scott makes a really good point, paul. Infrastructure. Scott makes a really good point, paul. As infrastructure. Scott makes a really good point, paul. As you infrastructure. Scott makes a really good point, paul. As you just infrastructure. Scott makes a really good point, paul. As you just said, | good point, paul. As you just said, there is a history to this. You put it in the context of covid in the money the government was troubling out the door. Obviously the finances the government had and decisions being made, the first thing thats been cut is the safety of our children in schools. Thats how it would appear. find children in schools. Thats how it would appear would appear. And thats the difficulty. Would appear. And thats the difficulty, unlike would appear. And thats the difficulty, unlike the would appear. And thats the difficulty, unlike the us, would appear. And thats the i difficulty, unlike the us, where would appear. And thats the difficulty, unlike the us, where difficulty, unlike the us, where to be fair to the Us Government, president biden� s act are pumping billions into infrastructure right now. Theres a boom that there hasnt been since fdr. Over here, weve had 13 years of withered capital budgets, whether its not just on buildings, but also things like diagnostics, that keep people out of hospital. So, those are things that you need to spend money on, but its the first thing that any Government Cuts if it comes under pressure. This isntjust the conservative the last labour chancellors plans in the wake of the financial crisis when pressure was really, really heavy on public finances, his first resort was to cut some capital budgets. That was his plan for the 2010s if labour had won. The question is how long term all they are they and their politics . Is where a lot of the projects need to be done. Whether or not the treasury changes its brain to long term, just as the City Of London has a problem with that as well. ,. ,. ,. Well. Just one thing that occurred to me, well. Just one thing that occurred to me. Scott. Well. Just one thing that occurred to me, scott, talking well. Just one thing that occurred to me, scott, talking in well. Just one thing that occurred to me, scott, talking in the well. Just one thing that occurred to me, scott, talking in the uk. To me, scott, talking in the uk about Birmingham City council, its effectively bankrupt. It doesnt have enough money to do extra curricular activities like building projects. Is there a dichotomy here . I dont know, is there a split between federal and local government that needs to be solved when it comes to Capital Projects like Building Schools . Comes to capital proects like Building Schools . Comes to capital proects like Building Schools . Yes, but it all comes from Building Schools . Yes, but it all comes from the Building Schools . Yes, but it all comes from the same Building Schools . Yes, but it all comes from the same place. I Building Schools . Yes, but it all comes from the same place. Fortunate companies comes from the same place. Fortunate companies in comes from the same place. Fortunate companies in the us are paying no tax rates companies in the us are paying no tax rates. When those plummet, whether tax rates. When those plummet, whether the pie gets split up between state and federal, at the end of between state and federal, at the end of the between state and federal, at the end of the day, its a Resource Problem end of the day, its a Resource Problem. And it all began with thatcher problem. And it all began with thatcher and reagan in the 805 with the scourge of its government where we decided the scourge of its government where we decided if we are all up5et or. We can we decided if we are all up5et or. We can ail we decided if we are all up5et or. We can all agree on the federal government. This notion of demoni5ing our in5titution5, government. This notion of demoni5ing our institutions, which makes demoni5ing our institutions, which makes no demoni5ing our institutions, which makes no sense, because these federat makes no sense, because these federal governments are u5 and when federal governments are u5 and when we federal governments are u5 and when we dont fund them, when we defund when we dont fund them, when we defund them to the extent, when we cant afford defund them to the extent, when we cant afford infrastructure and the incentives cant afford infrastructure and the incentives are so short term, there are a incentives are so short term, there are a few incentives are so short term, there are a few people with 5tatute5 built for them are a few people with 5tatute5 built for them to ensure there was no raac wini win ijust think its a Resource Issue. Win i just think its a Resource Issue. ~. ,. , issue. If. When reagan took office, issue. If. When reagan took office. The issue. If. When reagan took office, the top issue. If. When reagan took office, the top income issue. If. When reagan took office, the top income tax issue. If. When reagan took. Office, the top Income Tax Rates were office, the top Income Tax Rates were somewhere between 70 80 . By the time were somewhere between 70 80 . By the time he were somewhere between 70 80 . By the time he left office, they were down the time he left office, they were down on the time he left office, they were down on the high 205. Iju5t 5ee down on the high 205. Iju5t see this simply down on the high 205. Iju5t see this simply as a down on the high 205. Ijust see this simply as a Resource Issue and a decision this simply as a Resource Issue and a decision rather we buy into this notion a decision rather we buy into this notion as a decision rather we buy into this notion. As long as the top 1 are killing notion. As long as the top 1 are killing it. Notion. As long as the top 1 are killing it, that is Tripling Economics that will continue. We had U5t Economics that will continue. We had just appeared to not want to learn the same just appeared to not want to learn the same lessons over and over. Tiers; the same lessons over and over. Very interesting the same lessons over and over. Very interesting. Lets the same lessons over and over. Very interesting. Lets talk the same lessons over and over. Interesting. Lets talk about another pressure. A new law has taken effect in New York City that restricts Short Term Rentals through platforms such as airbnb and vrbo affecting both hosts and guests. Thousands of bookings across various sites will no longer be able to offer stays of less than 30 days unless Property Owners have registered with the mayors office. Implementation of the law was delayed after airbnb sued, claiming the restrictions made it difficult for hosts to do business, but the case was dismissed last month. Nada tawfik is in new york. To me, it looks tantamount to a ban. Airbnb has called it a de facto ban, christian. Not only do not have this process where they have to register with the mayors office, but the restrictions include the host having to be present during the entire stay. Theyre limiting it to just two guests in each rental. When you look at hosts who want to continue, they said these are severe restrictions. Already, if you look, the numbers of postings on airbnb there was 15,000 hosts last month with several listing. Now the city has only approved registrations for 260 properties so far. This will be a long process and it will greatly impact anyone who is coming to look for properties for short term stays in the city and certainly for hosts. Im reading a quote on social media, someone reacting to the story. Speaking as a vancouver resident, the sounds reasonable to me. To the 67 of new yorkers who are renters will applaud the decision. Keep 67 of new yorkers who are renters will applaud the decision. Will applaud the decision. Keep in mind that this will applaud the decision. Keep in mind that this has will applaud the decision. Keep in mind that this has been will applaud the decision. Keep in mind that this has been a mind that this has been a decade long battle between New York City and airbnb. New york is such a tight real estate market, and when you look at the fact that many people were taking their second homes or even a room of their primary residences and saying that, i could get more money, i could be more profitable if i use this for airbnb for these short rentals. What the city has argued is that that has left rentals skyrocketing again in this very tight market. Its exacerbated this shortage in the city. For many people who see this as relief from those issues and for those who were complaining about Noise Complaints and what it was doing to their buildings and communities, for them, this is a positive. Itsjust communities, for them, this is a positive. Its just really interesting to see the kind of pro and against for this law. And against for this law. Nada, thank you and against for this law. Nada, thank you very and against for this law. Nada, thank you very much. Scott, good idea or bad idea . Im also a shareholder 7 im also a shareholder in airbnb. . Im also a shareholder in airbnb. But our . Im also a shareholder in airbnb. But your guest . Im also a shareholder in airbnb. But your guest summarised . Im also a shareholder in airbnb. But your guest summarised it but your guest summarised it perfectly. This is a transfer of weaith perfectly. This is a transfer of wealth from renters who were getting additional wealth from renters who were getting additional monetisation of their property additional monetisation of their property by letting it out via airhnh property by letting it out via airbnb. Its bad for them and its good airbnb. Its bad for them and its good for airbnb. Its bad for them and its good for the Hospitality Industry that want less competition, and also fron1~~~ that want less competition, and also from. , �. ,. ,. , from. Isnt it dangerous to tell eole from. Isnt it dangerous to tell people what from. Isnt it dangerous to tell people what they from. Isnt it dangerous to tell people what they should from. Isnt it dangerous to tell people what they should do people what they should do with their flat in a Capital Economy . Thats a fair point. Private property thats a fair point. Private property has very strong protection. Just to play the other side, when housing crisis to play the other side, when housing crisis is to play the other side, when housing crisis is are to play the other side, when housing crisis is are so extraordinary, and some crisis is are so extraordinary, and some of crisis is are so ex