Transcripts For BBCNEWS BBC News At Five 20170511 : vimarsan

BBCNEWS BBC News At Five May 11, 2017

Over the course of this year real income growth, to use our terminology, will be negative. To use theirs, wages wont keep up with prices. Three women, including a mother and daughter, appear in court charged with terrorism offences and conspiracy to murder. A Marketing Company is given a record fine of £400,000 for making nearly 100 million nuisance phone calls. All right, where do you want me . Bouncing on my knee. Where do you think i want you . And rather mixed reviews for david beckham, following his cameo role in the new film king arthur. Its 5pm. Our main story is that labours Election Manifesto has been formally approved by the Party Leadership, and is set to be formally launched within days. But some of the main parts of the manifesto have already found their way into the public domain, after a version of the document was leaked overnight. It included proposals to renationalise the railways, and to scrap University Tuition fees in england. The shadow Chancellorjohn Mcdonnell said it was a modern and progressive set of proposals. A short while ago, the party leader, Jeremy Corbyn, said the manifesto had been unanimously agreed and all its contents were carefully costed. Our Political Correspondent sean curran reports. Senior labourfigures senior labour figures spent the day putting the finishing touches to the pa rtys putting the finishing touches to the partys general election putting the finishing touches to the pa rtys general Election Manifesto, after a d raft pa rtys general Election Manifesto, after a Draft Version was leaked to the media. Our manifesto will be on offer, and we believe the policies in itare offer, and we believe the policies in it are very popular, and offer that will transform the lives of many people in our society and ensure that we have a government in Britain On June the ensure that we have a government in Britain Onjune The 8th, that will work for the many, not the few, and give everyone in our society a decent opportunity and a decent chance. But the leaks meant that labours day did not go according to plan. This morning, Jeremy Corbyn pulled out of an event to launch a Campaign Poster. We will have to wait to see what is in the final version of the manifesto, but the lea ked version of the manifesto, but the leaked draft includes proposals for a price cap on gas and electricity bills and the setting up of at least one publicly owned Energy Company in every region of the uk. It also includes plans to scrap University Tuition fees in england, £8 billion towards social care over five years, and plans to take the railways and the Postal Service back into Public Ownership. The labour leader believes his policies are popular. What do people in the West Midlands make of them . Its a good idea, they should nationalise everything, bring it back to how it was. Jeremy corbyn generally has the right idea so if he thinks it is a good ideal generally has the right idea so if he thinks it is a good idea i am willing to listen. Another gravy train run by left wing think tanks, people in london. Labour says it can pay for its proposals. We will publish the costed version, so every policy will have a costing and Funding Source identified. The leak and speculation about who was to blame highlighted tensions in labour ranks. Some in the party do not think the proposals add up to a winning message. The tories are 20 points ahead in the polls. It is the tory manifesto people need to be focusing on, seeing what they are doing in government. We are trying to save as many good labour mps as possible so we have a semblance of an opposition afterjune the 8th. As seniorfigures left the an opposition afterjune the 8th. As senior figures left the meeting an opposition afterjune the 8th. As seniorfigures left the meeting in london, labour said its election ma nifesto london, labour said its Election Manifesto had been unanimously agreed and would be published in the next few days, and that they would bea next few days, and that they would be a leaked Enquiry Reporting back after the election. Our chief Political Correspondent vicki young is outside the manifesto meeting. We will come to some of the controversy about what happened overnight but first, what do we understand has happened this afternoon with this document . They have told us it has been unanimously agreed. Iam have told us it has been unanimously agreed. I am told there have been some amendments, some changes, but they are simply tinkering. So it seems that this very eye catching d raft seems that this very eye catching draft manifesto, and we will have two assume that most of what was in the leaked draft is going to appear in the formal document next week, that that has gone through. And i think it shows very much that this isa think it shows very much that this is a manifesto which is very much belonging toJeremy Corbyn, his vision, his principles which he has held and stuck to over many years. And they believe it has very popular policies which will be able to be sold on the doorstep. Things like rail mache migration, for example, the abolition of tuition fees, a Clear Exa M Ple of the abolition of tuition fees, a clear example of labour trying to engage younger voters. I think some of this is about trying to get off theissue of this is about trying to get off the issue of brexit. Because of theresa mays desire to make it a brexit election there has been a lot of talk about the eu. Labour wants to talk about policies, issues they believe are important to people, such as health. They want to boost Health Spending significantly. They wa nt to Health Spending significantly. They want to talk about jobs, Health Spending significantly. They want to talk aboutjobs, education, to get off the other issues and try to get off the other issues and try to inspire people to get out and vote. At the moment, with the exception of the issue of trident, which will be renewed it will say in the manifesto, apart from that, this is very muchJeremy Corbyns vision, and it will be tested at the election. It is a strange set of circumstances because the launch is not until next week but because of what happened overnight with the lea ked what happened overnight with the leaked version of the document, we have a pretty good idea what is in it. So has there been a negative reaction to that, even within the party, given the failure to manage that process . Yes, there will be some critics, and of course the conservatives, who say this shows com plete conservatives, who say this shows complete chaos, how could Somebody Vote for a party that cannot even keep its manifesto under wraps . The leaking of the entire potential document has never happened before. A word of warning. There will be many people out there for whom this will be gone tomorrow, the idea that it was leaked. It has caused arguments within the party and there will be an enquiry, but for most people by the time we get to polling day, it is the policies themselves that will be the most significant factor in all of this. Along with the idea of costing, which will be crucial. John mcdonnell insists it will be completely costed. In the past, labour have been under attack from opponents for spending too much public money, not having a grip on the economy. So they will have to a nswer the economy. So they will have to answer those questions. They are insistent that they will. And there is the broader issue of leadership. We heard from some labour candidates who are clearly uncertain that Jeremy Corbyn is the person to put that across, and they are concerned that across, and they are concerned that the issue of leadership comes up that the issue of leadership comes up on the doorstep, and they worry that will stop people voting for labour because people will be looking to choose the next Prime Minister. Those issues are still there and those close toJeremy Corbyn hope that this whole thing about policy will now be the main discussion in the campaign. Thank you for bringing us up to date. One of the main policy areas in labours leaked manifesto is education, and a pledge to abolish University Tuition fees in england. Heres our education correspondent Gillian Hargreaves to explain more. Cheering theyve got cause for celebration, because if youre a graduate, you earn around £200,000 more in your lifetime than somebody who didnt go to university. Which is one of the reasons why the Coalition Government raised fees to £9,000 a year for students in england. But when they did, there were riots on the streets, and now labour promises to scrap fees altogether. So what do students think . I reckon its a good idea for the students, but for the treasury, not so much. Up until now, my education has been free. Why now . Why do i have to pay at 18 onwards, Nine Grand Peryear . Well, perhaps some students would say that. But labours plan is going to cost. When 7 of the population went to university, the government could afford to pay tuition fees, but now more than half of all 18 year olds Enter University each year. If the government paid for all of their tuition fees, the bill would be huge. Well, abolishing tuition fees adds to borrowing in the short run by about £10 billion. Of course, the government is already paying for student fees, its just getting that money back, well, two thirds of that money back from graduates in the long run. So the long run cost to the government of abolishing fees is still really pretty significant. When it comes to paying for university, labour is heading in the opposite direction to the tories, but theres little detail yet on how and when it would introduce the change. Gillian hargreaves, bbc news. The conservatives have said that if they win the election, they will increase Defence Spending by 0. 5 more than inflation, every year. The defence secretary, sir michael fallon, also said the conservatives would continue to meet the pledge to spend at least 2 of National Income on defence. Its a growing defence budget, its properly financed. We meet the nato 2 target and we think its right to commit to that for the rest of this parliament, so that our armed forces have the equipment that they need to keep this country safe. The green party have launched their Election Manifesto in london. In a speech, the partys co leader Caroline Lucas said that britains Prosperity Depends on the natural world. Were the only party that puts the environment at the heart of all of our policies. And we do it quite simply because a prosperous, thriving future will be green or not at all. Snp leader Nicola Sturgeon has visited St Andrews University this afternoon to highlight the importance of eu nationals and European Research funding to the success of scotlands Higher Education. Our scotland correspondent lorna gordon is there for us. North east fife has a long liberal tradition, a very prosperous area of scotland, but this is one of the seats which the snp won in the general election two years ago and they will be hoping to hold onto it again against the bhui a strong push from the liberals to win it back. Nicola sturgeon was here to highlight what she sees as the potentially damaging effects of brexit on Higher Education in scotland. Saint Andrews University is here. I will give you a sense of the eus effect on the university. One third of the students here come from the eu, one third of the research staff, too. And around half of its current funding comes from eu sources. There will be Big Questions here of how brexit will play out on the university. Nicola sturgeon, going in hard today on what she calls the potentially devastating effects of a so called hard brexit on the scottish economy, and in particular today she was highlighting what she fears may be a potentially devastating effect on the university sector. Interesting to compare and contrast what we have been hearing about labours projected manifesto, which we expect next week, side by side with what the First Minister has been saying today. Yes, she had interesting thoughts on the leaked first draft of the Labour Manifesto, with the qualification that she has not seen it herself. She drew attention to some areas where she said labour were mirroring snp policy. Its a bit unusual to said labour were mirroring snp policy. Its a bit unusualto have said labour were mirroring snp policy. Its a bit unusual to have a manifesto leaked in its entirety days before it is due to be published. But one of the striking things from what i have seen of it is how many of the policies labour are putting forward is our policy is that the snp Scottish Government has already introduced. Tuition fees being free for students, getting rid of hospital car parking charges, some of their ambitions around Climate Change and renewable energy. These are things the snp government is already doing, which says to me that scotland is leading the way and that scotland is leading the way and thatis that scotland is leading the way and that is why it is important to make sure people keep strong snp representation in the house of commons. I asked what she thought of a couple of the other highlighted areas in the leak, the idea of renationalising some industries. She said perhaps more State Intervention in certain areas might potentially bea in certain areas might potentially be a good thing. When asked what she thought of labours position on trident, of course, Scottish Labour has a different position from the uk party, she said that shows what a mixed and muddled Message Labour are sending, and that they are not a party ultimately that are fit to govern, and that only the snp will be standing up, she said, for Progressive Policies in scotlands interests. Thank you. And a reminder, you can keep up to date with all the developments throughout the campaign, and live events, on the bbc news website, bbc. Co. Uk news. And if youre on the move, you can follow the election via the bbc news app. The Bank Of England is predicting only moderate growth for the uk economy this year, with a squeeze on households incomes, as wages rise more slowly than prices. Interest rates have been kept at 0. 25 . As our Economics Correspondent Andrew Verity reports, the value of the pound is playing a crucial role in consumers purchasing power. Heres one element of The Cost Of Living thats shooting up. The wholesale price of butter has doubled in the last year, according to dairy farmers. Producers and shops are passing on some, but not all of that to us, the consumers. At the last count, the retail price of oils and fats like butter was up by 15. 5 compared to last year. For the price of butter as for the whole economy, The Big Question is, is this inflation temporary, or will it last . I think for the Bank Of England, they are really trying to work out how persistent the rise that we are seeing in inflation at the moment is going to be, and juggle that against the context which is a uk economy that is weakening, a Housing Market that is looking a little bit soggy, certainly in terms of activity, people looking for new houses and properties coming onto the market. And a uk economy that is also facing brexit headwinds. The official Consumer Price index measure of inflation got down below zero in 2015. But now, its back above the 2 target. The Bank Of England is now predicting it will carry on rising, peaking later this year at 2. 8 . The wages that people are getting are not going to be sufficient to compensate for the rises in Consumer Prices, the prices in the shop. And so this is going to be a more challenging time for british households over the course of this year. One big reason for higher price rises is the pound. Because it dropped in value both before and after the referendum, we need more pounds to get hold of the dollars and euros we need to buy imported goods. And most of our goods are imported. The projected inflation entirely reflects the effects on Import Prices of t

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