Interviewer: (After getting whiskey, whiskey, gin, nothing, because I had already drank before, and brandy) So, what did you drink during your speech? Lawson: White wine spritzer. Interviewer: No, really, what did you drink during your speech?
"More than a thousand billion dollars cross the exchanges every day, almost entirely for speculative purposes." 40:40 - I've long thought that international finance was essentially gambling on a grander scale and it's amazing to have Michael Cockerell confirm that suspicion.
I've often thought of Ken as one of the best PM's we never had. Oddly he had plenty on enemies in the Tory party, which stopped him becoming leader, but was largely popular amongst the electorate.
Churchill first offered Chamberlain the Treasury, who opted for Lord President in order to appease Labour hostility. Churchill wrote otherwise in order to appease the public. Chamberlain put tax on tea in order to rearm successfully. Churchill was so grateful to him he offered him blood, sweat and tears.
Can anybody find a copy of this video without the damage on it? It is a very good video but it is unwatchable and its current form though I guess 65 people of made it through
Off the back of Lamont getting out of the ERM. Ken Clarke represents the elite, not the people. He sorted the Economy for him and his rich friends only
Jim Callaghan is just like his daughter - aggressive and nasty if they are crossed, and with a belief that they should be able to do whatever they like.
Eh, not true. Jim never had a reputation for being a thug. He’s probably the most highly esteemed of the ‘45 folk. He was also always kind and respectful to staff at parliament.
@@manaih5652 Ask Michael Cockerell, who had a phone call from Callaghan after Michael made an unflattering programme about Callaghan's government, and the phone call had verbal abuse from Callaghan to Michael.
To me, Gordon Brown was a better Chancellor than he was as Prime Minister. He controlled the treasury brilliantly from 1997 until 2007.
And then it came crashing down under all the borrowed money
**cough** GOLD **cough**
Nonsense.
@@JM-ws6ku Which was a third of where the debt is now... thanks Tories
@@MurphyOCP-001 Because they've essentially emulated New Labour but without the style.
37:42 - Would have given the reporter an award if he had said, "Frankly chancellor, I don't believe you and neither does much of the country."
Interviewer: (After getting whiskey, whiskey, gin, nothing, because I had already drank before, and brandy) So, what did you drink during your speech?
Lawson: White wine spritzer.
Interviewer: No, really, what did you drink during your speech?
"More than a thousand billion dollars cross the exchanges every day, almost entirely for speculative purposes." 40:40 - I've long thought that international finance was essentially gambling on a grander scale and it's amazing to have Michael Cockerell confirm that suspicion.
He's a bit of a lefty but Ken Clarke was a very good chancellor. Best we've had in the last 30 years at least.
I've often thought of Ken as one of the best PM's we never had.
Oddly he had plenty on enemies in the Tory party, which stopped him becoming leader, but was largely popular amongst the electorate.
@@lukerothwell2802it's fair to zay he would've been a better choice for tory leader than Hague or IDS at least in the short term
44:38 "massive speculatives flows have continued to disrupt the functioning of the exchange rate mechanism" LOL
Churchill first offered Chamberlain the Treasury, who opted for Lord President in order to appease Labour hostility. Churchill wrote otherwise in order to appease the public. Chamberlain put tax on tea in order to rearm successfully. Churchill was so grateful to him he offered him blood, sweat and tears.
The Budget *cuts to a lady dancing*
Tracking problems.....
We need a tracking button for this video. :) Anyone under the age of 35 may not know what I'm talking about. :)
I was 34 when you wrote this and do not know what you are talking about :)
Can anybody find a copy of this video without the damage on it? It is a very good video but it is unwatchable and its current form though I guess 65 people of made it through
You really find this unwatchable? It was hardly a cinematic masterpiece before, I don’t feel that I’m missing much
@@ewan.cartwright it adds to the feeling you're watching an ancient relic of a quality level long since unmet
hell
Spoiler alert: kwasi kwarteng didn't watch this.
I had the same thought!
Kazi's still watching those 1920s American cartoons where crazed black figures cavort across the screen to no particular purpose.
Kenneth sorted the ecomy
Off the back of Lamont getting out of the ERM. Ken Clarke represents the elite, not the people. He sorted the Economy for him and his rich friends only
No, he didn't. The economy was already improving before Clarke became Chancellor.
What's an ecomy?
"... you know how little money is available..."?! Is that before or after lining your own pockets?
Jim Callaghan is just like his daughter - aggressive and nasty if they are crossed, and with a belief that they should be able to do whatever they like.
And the difference between Margaret Thatcher and Tony Blair with Callaghan is .... ?? All Prime Ministers are like that
Eh, not true. Jim never had a reputation for being a thug. He’s probably the most highly esteemed of the ‘45 folk. He was also always kind and respectful to staff at parliament.
@@manaih5652 Ask Michael Cockerell, who had a phone call from Callaghan after Michael made an unflattering programme about Callaghan's government, and the phone call had verbal abuse from Callaghan to Michael.
Wtf is the excheqa
+HeyGuy4321 The Exchequer comes from the checkered cloth that medieval kings and councillors used to keep track of finances.
+Fraser Walker 😀 thank u
+HeyGuy4321 No worries. One of the many random things in British politics!
HE'S THE TWAT WHO COUNTS OUR MONEY EVERY NIGHT, IN FRONT OF FIRE, ( MADE FROM OLD NOTES) THEN PUT'S IT BACK UNDER THE FLOORBOARDS.
He’s in charge of the budget of the country. (sorry, that im 5 years too late)
Be utterly clueless about finance?