Transcripts For BBCNEWS BBC News 20170929

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you said, a 100 acre paradise. the creation of winnie the pooh is the focus of a new british film. we'll get mark kermode's thoughts on this and the rest of the cinema releases in the film review. good evening and welcome to bbc news. the governor of the bank of england has given his strongest indication so far that interest rates could rise, possibly as early as november. but mark carney told the bbc that any increase would be "limited" and "gradual." the base rate was cut to the current record low of a quarter of 1%, after the eu referendum last year, but higher inflation, has put pressure on the bank to step in and raise rates. our business editor simonjack reports. great for borrowers, miserable for savers. interest rates are at their lowest level since the bank of england was founded over 300 years ago. but today, the governor of the bank sent the strongest signal yet that that might be about to change. what we have said is that if the economy continues on the track that it has been on, and all indications are that it is, in the relatively near term we can expect that interest rates would increase somewhat. the last time rates went up was more than ten years ago, in 2007. many younger borrowers have never experienced one, but if it happens, what impact will it have? the most obvious one will be on the 11 million homeowners who have variable rate or tracker mortgages. those borrowers have an average outstanding mortgage of £116,000. a quarter point rise would mean an increase of £15 in monthly mortgage payments. i'm not very happy about it because of my mortgage. i'm not on a fixed mortgage. it would be great to get more interest on my savings. why, after a decade of downward moves, is now the right time to reverse direction? this is a time when the economy is pretty strong, especially as unemployment is pretty low, so there is a good chance inflationary pressures are growing from that side. also, inflation is above target, so it is a good time to raise rates from the extremely low level where they have been. consumer debt is also worrying the bank, having grown to over £200 billion over the last year, the highest level since the crisis. these superlow interest rates have made it cheaper for us to borrow and spend, but that spending can push up inflation, which is already higher than the bank would like. so perhaps time for an adjustment. there are also those in the bank who think it is not a bad idea to have a bit of room between us and zero to give them more options in the future. celebrating 20 years of independence from government, the governor of the bank of england said there were limits to its power. the biggest determinants of the uk's medium term prosperity will be the country's new relationship with the eu and the series of reforms that relationship catalyses. most of the necessary adjustments are real in nature and therefore not in the gift of monetary policymakers. in english, that means politicians are in the economic driving seat now. only two of nine rate setters voted for a rise last month, so it is not a done deal, but it is worth bracing ourselves for the first increase in a decade. simon jack, bbc news. and we'll find out how this story — and many others — are covered in tomorrow's front pages at 10:40 this evening in the papers — columnist at the daily mirror and tim stanley, of the telegraph. our guestsjoining me tonight are susie boniface, columnist at the daily mirror and tim stanley, of the telegraph. teachers in england and wales may get a more sizeable pay rise next year after the government hinted that it would lift the 1% cap due to a skills shortage. in a letter published today, liz truss, the chief secretary to the treasury, said while pay discipline was still needed, public sector workers deserved to have fulfilling jobs that are fairly rewarded. ministers have previously said that pay recommendations needed to stay within a 1% average cap in line with other public sector pay. let's talk to the editor of school week, laura mcinerney. thank you forjoining us. where, in particular, is there a skills shortage in the teaching profession? we are seeing shortages across the board but in particular there are problems around modern languages and foreign languages and maths and physics. maths and physics have long been a problem but the problem is acute for languages as well because the government wants more children doing that at gcse level. how much has do with the compared to it being an attractive occupation? when teachers leave the profession they tend to go intojobs teachers leave the profession they tend to go into jobs that pay less, so some tend to go into jobs that pay less, so some of the reasons why we do not have teachers is not to do with pay and more to do with conditions, but we also know that early entry wages, thatis we also know that early entry wages, that is the wages that dragged us look at, they are going up in many other professions and dejan is not keeping pace, and that is a problem in getting new people and to fill the roles of those have left to or paid jobs. we believe that the letter in question may have gone to all eight pay review bodies, so why would teachers have special pleading for extra pay over and above other public sector workers? that is what the school teachers‘ review body will have to figure out. what it must do is look at the evidence. all the government is telling us is that you can recommend higher than a 1% pay increase next year which they have not been allowed to do for the past few years but that review body could come back and it could say that we think that the pay is fine and that 1% would be ok. but after some years of the key being flat, of increases being kept down, and in a period of inflation, how much wood salaries need to rise by two be very attractive to the best graduates?- the moment, i can give you a figure, but ——i the moment, i can give you a figure, but —— i can not give you a figure at the moment but we know that the entry—level wages for graduates are a lot higher. you could get £25,000 to begin teaching whereas... lawrie, we have lost you. the pay is frozen, we have lost you. the pay is frozen, we have lost the sound. but we got the idea, didn‘t we? 0ur we have lost the sound. but we got the idea, didn‘t we? our apologies that we lost that interview. it was designed to transform the benefits system, making it simpler, and encourage people into work. but universal credit, which combines six benefits into one, has been strongly criticised by a former top government adviser. dame louise casey, who was head of the government‘s troubled families unit, has told the bbc that the way it‘s being implemented "made her hair stand on end". she says claimants could be left in "dire" circumstances, waiting weeks for their benefits. 0ur social affairs correspondent michael buchanan reports now from great yarmouth, one of the pilot areas for the new scheme. there are still some tourists in great yarmouth but as the summer season closes, the cracks in the town‘s charm become more obvious. part of the seaside resort are among the most deprived areas in england. the perfect place therefore to test the biggest welfare change in decades. the localjob centre has been delivering universal credit for almost 18 months. this woman, an unemployed carer, applied two weeks ago. progress payment is due in a month. how much money do you have? nothing. they give you a meal at the local butchers in the high street for a small donation. it brings together six benefits into one monthly payment. claimants usually have to wait six weeks for the first payment. any benefits they already get stopped once claim is lodged. i‘ve been in debt with the rent forever. since it started, yes. this woman wrapped up hundreds of pounds of debt, rent arrears and utility bills, during the six weeks she was waiting for money. i hate being in debt and i don‘t like debt. and it ruins your life, you know. it spirals out of control so fast when you are in debt and having to go to food banks. they were a godsend and they were brilliant, but it was only what? six months ago that i was giving stuff to this food bank myself. great yarmouth is one of the first basis to feel the full effect of universal credit. the fear is that some of the problems that have emerged in debt, increased use of food banks, will appear in other places as well. as the benefit is rolled out across the country. by some landlords here, time has run out for their tenants. the rising rent arrears they‘d seen since universal credit started has caused them to take drastic action. evictions have gone through the roof. i've personally served more repossession notices in the last 18 months than i have in the last 25 years. and when i have a vacancy, i will be asking the person who calls me, how do you intend to pay the rent? if it is via universal credit then the answer will be no. at a small soup kitchen, the homeless gather for some free food. kelly is here making herfor 4p stretch as far as possible. another grateful mouth is gary, a man who says he is homeless due to universal credit. that is all we've got here now. as we head down towards his tent, he says he has been turned down by 58 private landlords. since i've gone to meet them and said i am on universal credit it is a no. they have got no room. that happens but then they don't have rooms. if you tell them on the phone that you‘re on universal credit, what do they say? they hang up pretty much. the payment would cover any rent. this is where i live. the problem is the benefit is causing great yarmouth means that for now this is home. the headlines on bbc news: the governor of the bank of england gives his clearest signal yet that interest rates are set to rise for the first time in ten years. the 1% cap on teachers‘ pay in england could be lifted, after the treasury accepted more flexibility was needed in areas of skills shortage. ukip has elected a new leader — the former army officer and one—time liberal democrat parliamentary candidate henry bolton. sport now, and time for a full roundup from the bbc sport centre. england‘s cricketers have ended their longest summer by making short work of the west indies in theirfinal one day international. an unbeaten century from jonny bairstow helped them to a comprehensive nine wicket victory in southampton and a 4—0 series win... west indies batted first and scored 288 for 6 in their 50 overs... with liam plunkett taking two wickets. but it was quickly clear that wasn‘t enough runs... as an opening stand of 156... including 96 from jason roy... and jonny bairstow‘s second ton of the series — he eventually finished 0111111 not out — helped england reached their target with 12 overs to spare... joe root rounding off the series... and summer... with a six. leeds are playing hull fc for a place in the super league grand final... with hull going for a league and cup double... but having lost on each of their last 12 visits to headingley... they‘re trailing again tonight. the 0spreys poor start to the season has continued after falling to a fourth successive defeat in the pr014 to the cheetahs in bloemfontein. despite leading at half—time the welsh side were beaten 44 points to 25. torsten vanjaarsveld and wing makazole mapimpi each scored two tries to send the south africans to second in the conference a table. elsewhere in the pr014 tonight... the leaders of that conference, glasgow against italian side benetton. while either leinster or scarlets could be top of conference b by the end of the evening if they win home matches against edinburgh and connacht respectively. and there are three matches underway in the premiership too. saracens andnewcastle are the two teams vying for top spot tonight. here are the current scores... manchester city striker sergio aguero has broken a rib following a car crash in amsterdam last night. manager pep guardiola confirmed the injury before he had had a chance to see aguero who missed training this morning because of the incident involving a taxi. he‘s being assessed by the club‘s medical team this afternoon and guardiola‘s told a press conference he wasn‘t sure how much of the season aguero might miss. 0ur reporter simon stone was there. in terms of aguero, he was clearly in holland. yes, it was his day off but it was 11pm when he had the accident. is that a problem for you? no. purely because it was a day for him. have you spoken to him yet. have you spoken to him yet? not yet. but it is ok, in terms of what happened, it is ok. there‘s one fixture taking place in the scottish premiership tonight as rangers travel to hamilton. the home side took less than a minute to take the lead. daniel redmond with the goal to give accies the lead. that advantage lasted just twenty minutes — declanjohn levelling things. and the same player has just put rangers in front — the visitors leading 3—1 with just over half an hour played in that match. that is all your spot for the moment, much more in the next hour. ukip have announced their new leader — he is henry bolton. the former army officer was elected the party‘s fourth leader injust over a year. anti—islam campaigner anne marie waters came second. his victory was announced at the party‘s conference which is taking place in torquay. he addressed the conference and set out ukip‘s purpose going forwards... today is not only a crucial day for our party, it is a critical day for our country. and we‘ve already heard today from a number of speakers of the importance of holding the government to task for the delivery on that mandate that they were given on the 23rd ofjune last year, which so far they have failed to deliver anything on. ladies and gentlemen, brexit is our core task. applause. so where is ukip heading and how will they work to get back voters they lost in the last election? professor of politics at strathclyde university, john curtice, joins me from our glasgow studio. thank you forjoining us. she has said that brexit remains the purpose, why, when we know that we are leaving the eu? the terms under which we will leave the european union and our future which we will leave the european union and ourfuture relationship with it has not yet been determined and certainly for most ukip porters and certainly for most ukip porters and undoubtedly for most of the party members, what is central to the aspirations for brexit is that certainly, the uk is no longer signed up to freedom of movement. they will also object to us still being subject to the european court ofjustice being subject to the european court of justice and frankly, being subject to the european court ofjustice and frankly, they will wa nt ofjustice and frankly, they will want that agenda delivered sooner rather than later. so far, of course, theresa may seems to be on the same page any kind of brexit that she is offering in that it is one that appeals to ukip and it seems to be instrumental in the colla pse seems to be instrumental in the collapse of ukip support in the general election. but, of course, if theresa may proves unable to deliver on the vision of brexit that she has so on the vision of brexit that she has so far offered, if, in the end, the uk perhaps it does allow something close to freedom of movement and if immigration into the uk does not come down, then ukip will be hoping that once again they can restore themselves from frankly the absolute floor to which they fell in the 2017 election. yes, how can they hope to influence things in parliament without any mps? well, in truth, the influence of ukip does not lie in the votes and the mps that they get. the influence lies in the extent to which they are able to pressure the conservative party through taking votes away from them. why did we have the referendum 12 months ago? well, because david cameron, the then prime minister, was concerned that the rise of ukip that was in evidence by 2013, it was taking votes away from his party such that its prospects of winning the next general election in 2015 would be seriously damaged. that is where the leading edge of ukip came from. the fa ct leading edge of ukip came from. the fact that they are not in parliament does not matter, what matters is whether ukip can restore itself to its former fortunes and in so doing damage the election fortunes of the current government. they cannot afford for its position to be damaged in that —— damaged in that regard, they could not for example, a four—day string of by—election losses which could be resulting in votes being haemorrhaged to ukip. that is why ukip martyred and it has mattered up until now and how it could matter in the future but so far, the one simple success that theresa may hide in the general election was taking the ukip vote, there is no sign so far of it going back but certainly that is what mr bolton and his colleagues will be hoping happens if theresa may fails to deliver the brexit that they are looking for. henry bolton previously stood as a lib dem and now he is leader of ukip, how did that come about? they are always strange bedfellows and you must remember that not all lib dems are signed up to the european project. perhaps this first immediately job to the european project. perhaps this first immediatelyjob must be to stop ukip being frankly a bit of a laughing stock. the fact that they anja bijnens on the last bid for 18 days and paul nuttall frankly did not survive the fire, they need somebody who can provide at least a sold leadership for the party and suggests that it knows what it‘s doing. i suspect what he will not be able to provide is the charisma that nigel farage was able to provide which, frankly, without which, the party would never have made progress and in the absence of which it is probably going to struggle to look anything like the force that it did three, four years ago. professor john curtice from strathclyde university, thank you very much. detectives say that a body —— found in a lake in cheshire in the early hours of the morning — is believed to be that of a serving police officer. cheshire police said a 43—year—old man from wilmslow has been arrested on suspicion of murder. well a short time ago our correspondent, dan johnson, gave me more details about the investigation. they believe that 39—year—old woman is leanne mckie. she is a mother of three young children who was a serving officer with the greater manchester police force, but because this discovery was made in cheshire, it is cheshire police detectives that are investigating the suspicious death and they have arrested a 43—year—old man who was also from wilmslow on suspicion of murder. they have said they are not looking for anyone else in connection with this and describe it as an isolated incident. we have had a statement from cheshire police, from detective chief inspector adam waller, who has said investigations into her death are currently ongoing but we‘re working hard to establish the full circumstances surrounding the incident. we are aware of a number of rumours circulating in relation to the identity of the victim and whilst formal identification has not yet taken place, we believe that the victim is 39—year—old leanne mckie from wilmslow. she was a mother of three young children and a serving police officer, our thoughts at this difficult time are with her family, friends and colleagues. danjohnson dan johnson in leeds. danjohnson in leeds. let us take a look at the other stories making the news tonight. ryanair says it has agreed to implement measures ordered by the airline regulator to ensure all passengers affected by flight cancellations are aware of their rights. the company has updated its website and emailed customers affected by its decision to ground hundreds of flights in the coming weeks. the civil aviation authority had threatened to take legal action against ryanair. former ira members could for the first time face criminal charges in connection with their alleged role in the events of bloody sunday in 1972. 13 people were shot dead when soldiers opened fire on civil rights demonstrators in londonderry. another died later of his injuries. prosecutors are already considering whether to charge some former soldiers. the cost of repairs to the clock tower housing big ben, have more than doubled — from £29 million to an estimated £61 million. the repair programme has already caused controversy, when it was announced big ben‘s chimes would be largely silenced while the works are carried out. three former executives at tesco have gone on trial, charged in connection with false accounting which overstated the supermarket‘s profits by 250 million pounds. prosecutors allege they were involved in ‘cooking the books,‘ in a scandal that wiped two billion pounds off the company‘s share price. all three men deny the charges. from southwark crown court emma simpson reports. chris bush in the open neck shirt. the former md of tesco uk. the court was told he was a dishonest executive who massaged the figures and misled the stock market. so too, it is alleged, did this man. the former uk finance director. along with this man, who used to be tesco‘s uk commercial director. the prosecution said... the qc said they encourage the manipulation of profits, bullying and coercing those under their control to falsify figures. the case centres on tesco‘s accounts for the first half of 2014. challenging times. on august 29, tesco on august the 29th, tesco announced a shock profits warning to the stock market. a statement which should have been true and fair. but on september 19, an internal report reveals the figures have been exaggerated. the court heard it was like a hand grenade been thrown into the company. on september 22, tesco tells the city that its profits forecast has been overstated by £250 million, wiping several billion pounds off the value of the company. the court heard how employees felt under great pressure, with aggressive and unrealistic sales targets, and during that summer it is alleged the defendants knew the hole in the accounts was getting bigger. the gap between what was being recorded in income, and what was actually being earned, a problem spiralling out of control. some individuals felt so compromised by what they were being asked to do that they resigned rather than being involved. leaving court tonight, all three men denied the charges, in a case that is expected to last three months. emma simpson, bbc news, southwark crown court. joining us now from our studio in edinburgh is sheila gilmore, former scottish labour mp for edinburgh east and former work and pensions committee member. thank you very much forjoining us this evening. what is your view on the assertion that it is a technical roll—out problem rather than an issue with universal credit itself which is the problem? issue with universal credit itself which is the problem7|j issue with universal credit itself which is the problem? i think that is the fundamental problem with universal credit because it is one of these things that looks really deceptively simple and people think that should be should be able to make it work and then you find that they don‘t and every social security minister in the labour government that looked at this and decided it would be too difficult and too expensive and not worth the benefits that it would get. why? because it isa that it would get. why? because it is a very complicated process. it does not truly simplified benefits as much as have been suggested because people are different, there are circumstances are different. some people have disabilities, some have illnesses, some are single pa rents have illnesses, some are single parents caring for children, so you have to have complex rules and regulations and to throw that all in the airand say regulations and to throw that all in the air and say you will change it without really intensive preparation and a good deal of investment means that people are being left worse off. with preparation and the right investment, how desirable is it to reduce benefits overall and get people back into work? there is no sign that getting people into work is to do with reducing benefits, the best bit of getting people into work is to create good and properjobs. notjobs which are so low paid that you have then got to supplement them. at the moment, a lot of the benefit bill is still going out. two main reasons, one is the level of wages and the other is the level of rents. how do you get people fit for work who have never been able to work who have never been able to work because of the complex needs they have? well, that group of people which is relatively small, needs a lot of intensive training and help and you could do that without creating a whole new benefit structure, which has proven to be so complex that the department itself cannot make it work. how likely is it then that the government will stop this roll—out as dame louise casey has advised? i hope that they will because one of the things the government has been bad that since 2010 is properly researching the impacts of the changes they were making and giving them a chance to reflect on what has been happening and then improve it. instead, the resin systems, no, no, it is ok, it is all0k, resin systems, no, no, it is ok, it is all ok, that is all we ever hear from iain duncan smith at the work and pensions department. a few months later he would then apologise for the fact it was not working. they must research properly and put ting a stop to it at the moment while give it a chance to do that. —— putting a stop. thank you for the chat. thank you. we asked the department for work and pensions for a minister to interview, they directed us to the words of their committee member alex burghart, mp for brentwood and 0ngar. speaking on the bbc radio 4‘s world at one programme, he said: "the idea that there is going to be this sudden massive we are moving into some cooler and fresher here. it will be called tonight. we will have some clearer skies but we will have some showers out towards the west and they will become more frequent in the north west of scotland, parts of wales and the south west of england. further east where we are dry and clear, and the countryside temperatures likely to be lower at six, 7 degrees. some sunshine to begin the day on saturday, we are likely to find those showers merging into longer spells of rain across wales and the south—west, the cloud increasing across england and wales, but still brighterfor the north across england and wales, but still brighter for the north and showers becoming fewer in scotland, would we will see the best of the sunshine but a chilly fuel nevertheless. tall windy that rain and that strong wind will push the rein in the england and wales, becoming lighter and more patchy, low cloud and hill fog, wet weather returning by the end of the night across the north of the uk. rain sweeping eastwards on sunday and turning brighter in scotland and northern ireland later with some sunshine and showers. this is bbc news. our latest headlines. the governor of the bank of england has suggested that interest rates are set to rise for the first time in ten years — potentially as soon as november. the 1% cap on teachers‘ pay in england could be lifted, after the treasury accepted more flexibility was needed in areas of skills shortage. henry bolton has been elected as the new leader of ukip at their conference in torquay beating anti—islam candidate anne marie waters to the top role. mother of three and serving police officer leanne mckie is believed to be the woman whose body was found today in a lake in poynton, say detectives. a climber from wales has died at the yosemite national park in california. andrew foster became trapped along with his wife, when rocks fell from the face of the rock formation known as el capitan. lucy foster is in a critical condition in hospital. 0ur correspondent james cook reports from yosemite national park. it is a climber‘s worst nightmare. the thunder and dust of a giant rockfall, the second in as many days. forcing visitors to flee any way they could. a day earlier, in the same spot, more than 1000 tonnes of granite had crashed from the face of el capitan monolith, killing a british climber. he was andrew foster, just 32 years old, originally from gloucestershire, and living in cardiff. his wife lucy was hurt and remains in hospital. the couple called themselves weekend warriors and had posted online, yosemite is an awesome place and for many climbers it‘s one of the many places to go before you die. the second rock slide caught other climbers including rachel evans whose husband was struck on the head. paramedics sped to the scene, flying one person to hospitalfor treatment. rachel and her sister ruth had a narrow, terrifying escape. it sounded like thunder. and she looked back and she said... i said there‘s smoke coming out of the mountain. i said, the mountain is exploding. and i said it's falling, it's falling. we were driving as fast as we could. at the same time my husband reached up and he was like, oh my head, because he was bleeding profusely and hurting. el capitan draws people, lures them in, because it is untamed, because of the risks. so this tragedy will not stop climbers from gambling in the wilderness. james cook, bbc news, yosemite, in california. there‘s been more bad news for the car manufacturer volkswagen. it announced today that it has set aside even more money to cover the costs of the diesel—emissions scandal. the news comes as german prosecutors have made an arrest in relation to the scandal. i‘m joined on set by our reporter sebastian chrispin. there has been a couple of developments. the company has set aside even more money and there has been this arrest. it raises a question about when vw will be able to put this kind —— put this case behind it. the company is still setting aside large pots of money to cover fresh costs. it makes it difficult for the company to move forward. vw wants to invest in electric cars but if it has to set aside large profits, how can a thing about the future? some will ask about the future? some will ask about the future? some will ask about the management of the company and how vw is being run. the extra money set aside came as a surprise and at one point we saw the share price fall by 3%. it does raise questions about how well the company is being run. what we know about the person arrested? it is confirmation that they have made an arrest in relation to the vw investigation. they haven‘t confirmed the identity of the person or whether any charges have been made. german media have speculated he was a senior executive within the vw group and it could raise questions about how senior management past and present knew about the scandal. this is the first arrest that gentleman —— german roski does have made. in the yes, lots of beeson —— people have been charged. 0ne lots of beeson —— people have been charged. one person was put injail. german authorities are making arrests and they often probably facing pressure from all signs —— sides. is there any idea that the end is in sight? it is too early to talk about the end being inside. the company are still having to cover the costs of it. it is still too early to say whether it is going anywhere soon. the company is trying to make efforts to build bridges with its customers. in the uk, the company makes no acknowledgement of any wrong doing. the only wrongdoing is in addition to north america. it is in addition to north america. it is offering to fix cars and there are questions whether that fixes causing further problems. they are trying to move forward by taking these steps. it sounds like something from a science fiction movie. but the rocket and car entrepreneur elon musk says people will soon be able to fly between cities within minutes— and he hopes to reduce the journey time between london and new york to 29 minutes. his company, spacex, already had an ambitious space exploration programme and it has successfully launched reusable rockets. now its setting its sights further afield. today elon musk told a conference in adelaide that his firm will replace the three existing rockets with a single vehicle: essentially, we want to make our current vehicles redundant. we want to have one system, one booster and ship that replaces falcon 9, falcon heavy and dragon. so if we can do that, then all the resources that are used for falcon heavy and dragon can be applied to this system. the idea is this new rocket will do multiplejobs — it will will transport people, service the international space station and send satellites into space. mr musk went on to say that he believes this rocket could be operational in just five years. i feel fairly confident that we can complete this ship and be ready for launch in about five years. five years seems like a long time to me and the area under the curve of resources over this period time should mean that this time frame can be met but if not, then soon thereafter. the billionaire entrepreneur who is also behind the electric car brand, tesla, said he also aimed to start sending people to mars in 202a. this isn‘t the first time we have heard mr musk set himself ambitious goals and he is not alone in wanting to make space tourism a reality. but how feasible are the goals he has set out today? is the technology there? a little earlier i spoke to nadia drake, a contributing writer at national geographic. i began by asking her about the significance of mr musk‘s announcements today. in reality, i would say that elon musk‘s grand plan, which he initially announced last year, he wants to create a self sustaining human settlement on mars in which he foresees as many as a million people living on the planet within the next a0 or 50 years. to me, that sounds very ambitious. however, there are two challenges he is looking at. one is the technological feasibility of the plan. the second is the financial feasibility. and for better or worse, it looks like the technological side is in better shape. if you speak with the aerospace industry experts, they will say spacex has actually done a good job demonstrating that it has the capability it needs to execute large portions of the plan. what is more up in the air where the funding will come from. 1 million people on mars by the 2060s, even sending humans to mars in seven years, elon musk has not laid out a budget. he has not talked about the costs or where he imagines the money will come from. even as rich as he is, you can‘t do this on his own? no. especially not if we are talking about creating a self—sustaining colony on mars, where1 million people will be living. elon musk is really good at the rocket part of the problem of living on mars is a whole other issue. and i haven‘t heard him say much about how he‘s imagining to transform mars from the inhospitable planet that it is into a place that humans ca n co mforta bly live en masse. might we make a mess of it, like we have here? that is one of the major concerns about mars exploration. one of the reasons that elon musk wants to send humans to mars is that he thinks it is an existential imperative for humans to become a multi—planetary species. there are several reasons for this. one is just because of cosmic events like asteroids coming to our planet and causing a problem. another is obviously the damage we have done to earth. so one could ask the question, why are we going to spend all of that money and effort transforming another planet into a place that we can live when we already have one here? how much competition has elon musk got from other space exploration companies? there are a number of other companies considering the same question, establishing a settlement on mars, as well as various governments. the competition is there. one of the nice things is that the us government and these private companies are working in tandem and also in competition. they are like frenemies. mars is so hard that it levels the playing field. so there is a whole new set of challenges that crop up recent talk about sending humans not a into low orbit, but to the next planet. right now, elon musk, with his company spacex, has done a marvellousjob, so they are ahead of the game. what is the business imperative for wanting to do it? i can understand wanting to do it because it is a challenge, but what would be business incentive be? that is one of the big questions that i have as well. how are you going to convince investors to put their money into this enterprise? exploration is one thing, sending humans to figure out what is there and to find out if there are any fossils or microorganisms living under the surface now, that is a question of exploration and science. but when you start talking about establishing a self—sustaining settlement on mars that could persist for centuries, what is that settlement going to give back to our planet and what are the economic imperative is going to be when we get there? is there anything we can bring back from can bring back from mars? if he gave you a free ticket, would you go? may be in a couple of decades. i would like to see if the technology works first. i would also like to have a return ticket, because i love planet earth. the headlines on bbc news: the governor of the bank of england gives his clearest signal yet that interest rates are set to rise for the first time in ten years. the 1% cap on teachers‘ pay in england could be lifted, after the treasury accepted more flexibility was needed in areas of skills shortage. ukip has elected a new leader — the former army officer and one—time liberal democrat parliamentary candidate henry bolton. now on bbc news it‘s time for the film review. hello and welcome to the film review on bbc news. to take us through this week‘s cinema releases is mark kermode. so mark, what do we have this week? the big release is goodbye christopher robin, a film about the creation of winnie the pooh. we also have reese witherspoon in home again, a likeable if daft rom—com. and daphne, a very interesting and edgy home—grown pick. goodbye christopher robin. i used to make up stories for my kids, so i am fascinated by this. tell me i‘m going to love it. i really liked it. i know it has divided critics, but it is basically the story of how the winnie the pooh stories came about. it begins with aa milne in world war i, coming back and suffering from what we now call post traumatic stress and what they then called shell shock. he leaves london for rural east sussex and wants to write

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