osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe for me paula told them. so you. could use. to blow as usual school in the mean frozen treacle you. see but everything is a real korean george over people are suffering they're not suffering in this country they're really expressing their patriotic fervor for the coalition government they're not starvin

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah for new stuff so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pentagon show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe corridos of war. so you. should. to blow as usual school in the mean frozen treacle you. see not everything is the real core in charge over people are suffering they're not suffering in this country they're really expressing their patriotic fervor for the coalition government they're not starving they're not

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his only report to show that in fact those numbers are deceptive. for a new start so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it depends upon show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe corridos war. so. you could. blow as usual school in the mean frozen treacle you. see not everything is not real according to ours over people are suffering they're not suffering in this country they're really expressing their patriotic fervor for the coalition government they're not starving they're not free

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a path to mine show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe of war. so you. blow as usual school in the mean frozen treacle you. see not everything is the real core in charge over people and suffering they're not suffering in this country they're really expressing their patriotic fervor for the coalition government they're not starving they're not fre

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a pattern of show and he believes these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe corridos were. going to put all of them so you. could use. to blow as usual going to mean frozen treacle you. see not everything is a real court in georgia over people are suffering there are suffering in this country they're really expressing their patriotic fervor for the coalition government they

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne a stud so much a clown as he is one of these french minds and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a part of my show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this us and it. was a post painting of a pipe this is not a pipe corridos more. so to put all of them so you. could you shouldn't blow you see she was also one of the mean frozen treacle you. see not everything is a real korean charge over people are suffering they're not suffering in this country they're really expressing their patriotic fervor for t

osborne george osborne is to claim that workers overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah george osborne is thought so much a clown as he is one of these french mind and but he speaks which is kind of interesting for a mind he's more of a friend of mine it depends upon show and he believes that these numbers do not tell the truth these are all remote greet the famous french artist who would say this. is a post painting of a pipe this is not a pipe corridos only for me paula tall i'm going to put all of them so. you could use. to blow as usual school i mean first they trickle in you. see not everything is the real core in charge over people are suffering they're not suffering in this country they're merely expressing their patriotic fervor f

osborne george osborne is to claim that workers' overall pay has not fallen despite official figures showing that the wages of middle income families have dropped by five thousand pounds over the past five years so that's a drop of six point four percent according to the office of national statistics george osborne is saying those are a lie he's going to come out with his own report to show that in fact those numbers are deceptive yeah so much a clown as he is one of these french mine and but he speaks which is kind of interesting for a mind he's more of a friend of mine it's a part of my show and he believes that these numbers do not tell the truth these are all real aggrieved the famous french artist who would say the. people.

well perhaps as george osborne will say because they did commission report the government looked into it they're delaying it they've had their results for several months they're saying they're delaying it because they they're not quite happy with some of the facts revealed in their own report so they want to make sure that they were rigorous and diligent in finding the right information it's the soviet union played out here in britain so i remember the soviet union famously would say oh we've got all these tractors rolling off the assembly line. making ten times more kilos and you know there would be this huge propaganda organ to misinform the public so here's george osborne doing his best stalin impression and saying oh yes there's the most well nutrition is good for the nation and there is a reduction in living standards asperity is fantastic and we're going to be whoever it is we're fighting against we're not sure but the chinese give us a lot of money and boris johnson thinks that the reason poor people are poor is guys are stupid and we're there we're down with that because we're

osborne the chess with a checker here was recently in china and he from china berated the brits for not being more like the chinese but here is the true. cost of our production model of outsourcing our pollution of outsourcing our production and wealth creation over there is that you know all these. stupid environmentalist as they are called on fox news in america introduces environmental regulations and because of them we don't have jobs in america well this is the trade off you have either dropped dead on the street at thirty five years old due to the pollution or you figure out a smarter way of doing things you figure a smarter way of controlling the strait of hormuz rather than spending eight trillion dollars a year there are spending a trillion dollars of pollution costs in china but the combustion engine became obsolete eighty years ago the fact that it's being subsidized and kept alive as long as a testament to the lobbying powers of the big oil companies but george osborne if you really want britain to be like china you should reverse the anti-smoking laws and let people smo

osborne the chess with a checker here was recently in china and he from china berated the brits for not being more like the chinese but here is the truth. cost of our production model of outsourcing our pollution of outsourcing our production and wealth creation over there is that you know all these. stupid environmentalist as they are called on fox news in america introduces environmental regulations and because of them we don't have jobs in america well this is the trade off you have either dropped dead on the street at thirty five years old due to the pollution or you figure out a smarter way of doing things you figure smart a way of controlling the strait of hormuz rather than spending eight trillion dollars a year there are spending a trillion dollars of pollution costs in china but the combustion engine became obsolete eighty years ago the fact that it's being subsidized and kept alive as long as a testament to the lobbying powers of the big oil companies but george osborne if you really want britain to be like china you should reverse the anti-smoking laws and let people smok

osborne the chess with a checker here was recently in china and he from china berated the brits for not being more like the chinese but here is the true. cost of our production model outsourcing our pollution of outsourcing our production and wealth creation over there is that you know all these. stupid environmentalist as they are called on fox news in america introduces environmental regulations and because of them we don't have jobs in america well this is the trade off is you have either dropped dead on the street at thirty five years old due to the pollution or you figure out a smarter way of doing things you figure a smarter way of controlling the strait of hormuz rather than spending eight trillion dollars a year there are spending a trillion dollars of pollution costs in china but the combustion engine became obsolete eighty years ago the fact that it's being subsidized and kept alive as long as a testament to the lobbying powers of the big oil companies but george osborne if you really want britain to really be like china you should reverse the anti-smoking laws and let peo

osborne the chess with a checker here was recently in china and he from china berated the brits for not being more like the chinese but here is the true. cost of our production model outsourcing our pollution of outsourcing our production and wealth creation over there is that you know all these. stupid environmentalist as they are called on fox news in america introduces environmental regulations and because of them we don't have jobs in america well this is the trade off you have either dropped dead on the street at thirty five years old due to the pollution or you figure out a smarter way of doing things you figure smart a way of controlling the strait of hormuz rather than spending eight trillion dollars a year there are spending a trillion dollars of pollution costs in china but the combustion engine became obsolete eighty years ago the fact that it's being subsidized and kept alive as long as a testament to the lobbying powers of the big oil companies but george osborne if you really want britain to really be like china you should reverse the anti-smoking laws and let people s

osborne the chess with a checker here was recently in china and he from china berated the brits for not being more like the chinese but here is the true. cost of our production model outsourcing our pollution of outsourcing our production and wealth creation over there is that you know all these. stupid environmentalist as they are called on fox news in america introduces environmental regulations and because of them we don't have jobs in america well this is the trade off you have either dropped dead on the street at thirty five years old due to the pollution or you figure out a smarter way of doing things you figure a smarter way of controlling the strait of hormuz rather than spending eight trillion dollars a year there are spending eight trillion dollars of pollution costs in china but the combustion engine became obsolete eighty years ago the fact that it's being subsidized and kept alive this long as a testament to the lobbying powers of the big oil companies but george osborne if you really want britain to really be like china you should reverse the anti-smoking laws and let

thank you, george osborne, for joining us. let me ask you to begin with you've been touting britain's growth. you've written an op-ed in the wall street journal. of course there are a lot of people who say britain's recovery has been very weak. the weakest in g-7 other than italy and there is a specific charge made, which is that it was your austerity program, especially the spending cuts, that is responsible for this weak recovery. let me read to you something larry summers said on british television. he said britain's economic policies, meaning yours, are powerful test of the efficacy of determined resolute austerity. and the results so far certainly have not been encouraging to advocates of that strategy. what is your response? >> if you look at the situation the u.k. found itself in, we had one of the deepest recessions of any of the major economies in the world. gdp has shrunk. by over 7% of gdp. we had largest banking crisis of any financial center. biggest bank bailout. and we exited with a high budget deficit. 11% budg

max george osborne perhaps the most terrifying clown of all actually want to take a look at this image here this is a clown spotted in norfolk i'm not sure if it was george osborne but he looks quite similar with his autumn statement no one thing that was reporting on the state of the u.k. economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight percent with the autumn statement it's now at two point nine two percent so let's look at some.

max george osborne perhaps the most terrifying clown of all actually want to take a look at this image here this is a clown spotted in norfolk i'm not sure if it was george osborne but he looks quite similar with his autumn statement no one thing that was reporting on the state of the u.k. economy i think was the u.k. guilt because in the march budget ten year gilts were trading at one point eight.

george osborne gives the autumn statement in just over an hour. it comes at a time when the uk's the best-performing economy in the g7. manus cranny joins us live. osborne goes to dispatch with a strong set of data. you have a couple guests, what is the cement -- what is the sentiment? the data is a strong. construction, housing, manufacturing, services took a dip. i talked to someone who was skating in terms of you promised we would be at this point a long time ago. great but there are structural problems. brothers gating approach from -- rather skating approach. then we talked to the head of the british chambers of commerce. he said it is about as this rates. they are a perverse tax. we are out of line with small and medium with other -- we are out of line with other countries for small and medium enterprises. austerity is not done. austerity to be affected between now and 2016. osborne is unlikely to give a great deal away. he wants to stay the course of prudence. >> he certainly does. there have been leaks about the statement. what is left for

british chancellor george osborne may have reason to gloat. >>> and china's financial institutions are warning against trading bitcoins as the bank admits while there are risks, it could still use the currency. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. hello. a warm welcome to the program. the government has just unveiled an $18.6 trillion yen stimulus package which includes 5.5 trillion yen in fresh spending measures. this is to offset the accuracy in the sales tax which is coming in in april which raises the rate effectively from 8% to 5%. it follows the unveiling of a 10.3 trillion package back in january. a number of measures will be expected as far as this package is concerned. particularly for those on the lower income as well. we will get those measures as soon as they are announced in detail. >>> also coming up on today's show, hopes fade at wto talks as food sebsydys remain the sticking point. we'll be in bali to get the latest on the push for a trade deal. >>> not loving it. fast food workers go on strike over low pa

osborne you know basically had a chance he would just line everybody up in britain and whip them to death because he's a psychopathic masochist but he'll throw them fifty quid and say as long as you don't bother me here's fifty quid shut up you stupid british idiot well let's look at some other aggressive behavior by the bagging class the beggar kratz and this is from ian fraser a tweet from him you have twenty four hours r.b.s. bullies firm of chemists disgraceful behavior from a bailed out banks so r.b.s. royal bank of scotland is a bailed out bank it's eighty two percent owned by the u.k. taxpayer and they have basically given a company called tri health which is a pharmacy into bankruptcy through this misselling of interest rate swaps of course we drained one point two million pounds out of the chemist's bank account and then g r g of course global restructuring group. the thug section of r.b.s. shut them down and shaking them down there's a video or audio recording of it but i think i have a better interpretation of it basically r.b.s. calls this this chemist and the chemist tr

thank you, george osborne, for joining us. let me ask you to begin with you've been touting britain's growth. of course there are a lot of people who say britain's recovery has been very weak. the weakest in g-7 other than italy and there is a specific charge made, which is that it was your austerity program, especially the spending cuts, that is responsible for this weak recovery. let me read to you something larry summers said on british television. he said britain's economic policies, meaning yours, are powerful test of the ethicacy of determined resolute austerity. and the results so far certainly have not been encouraging to advocates of that strategy. what is your response? >> if you look at the situation the u.k. found itself in, we had one of the deepest recessions of any of the major economies in the world. gdp has shrunk. we had largest banking crisis of any financial center. biggest bank bailout. and we exited with a high budget deficit. 11% budget deficit. really only the united states had a similar size deficit an

osborne. he denies suggestions that it's up to biased game will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one hyde park for seventy million pounds what do you think well we want we drove by that flat just a few weeks ago and there at the top end there is next incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china it is a soft way for china to take over the world the central bank pumps eighty billion two hundred billion dollars a month and the chinese just buy all these at strategic assets around the world isn't as of this china taking over the world is in fact money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset classes hyper

osborne. he denies suggestions that it's up to biased game will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one hyde park for seventy million pounds what do you think well we want we drove by that just a few weeks ago and there at the top end there is the next incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china is this a soft way for china to take over the world the central bank pumps eighty billion billion dollars a month and the chinese just buy all these at strategic assets around the world isn't as of this china taking over the world is in fact money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset classes hyperinflation m

osborne nobody goes full dancing though the globe of the race and the globe look to your book look at bible the. turnover at this chemist has dropped by seventy percent because of course they have these disgusting gross aggressive beggars outside the shop every day these goons saying you know give us their money give us some more money give us some more money shaking down let's look at how much they've shaken down this just this one firm in three years under g r g the global restructuring group the company claims have paid one hundred thirty thousand pounds in fees to georgi and clearing a thousand pounds monthly charge seventy thousand pounds an invoice financing fifty thousand pounds for an outside turnaround adviser. twelve thousand pounds in valuation fees and forty thousand pounds in additional interest payments has an outstanding interest rate hedging product that has so far cost about seven hundred thousand pounds so this is the aggressive begging the bag-o. crap class like the start of the show we were talking about the councils who are trying to outlaw ban and have more aggre

out of control serial killers royal bank of scotland who put this he's out of his wool of george osborne nobody goes full dancing though to close the race and blow it look at your book look at. turnover at this chemist has dropped by seventy percent because of course they have these disgusting gross aggressive beggars outside the shop every day these goons saying you know give us their money give us some more money give us some more money shaking down let's look at how much they've shaken down this just this one firm in three years under g r g the global restructuring group the company claims have paid one hundred thirty thousand pounds in fees to georgi and clearing a thousand pounds monthly charge seventy thousand pounds an invoice financing fifty thousand pounds for an outside turnaround adviser. twelve thousand pounds in valuation fees forty thousand pounds in additional interest payments has an outstanding interest rate hedging product that has so far cost about seven hundred thousand pounds so this is the aggressive begging the bag-o. crat class like the start of the show we were t

osborne. he denies suggestions that assumptive by scheme will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one hyde park for seventy million pounds what do you think well we want we drove by that just a few weeks ago and there at the top end there is the next incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china it's just a soft way for china to take over the world the central bank pumps eighty billion two hundred billion dollars a month and the chinese just buy all these at strategic assets around the world isn't as of this china taking over the world is in fact money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset classes hype

out of control serial killers royal bank of scotland who put this this he's out of his wool of george osborne you know because he's busy full dancing though the globe at the recent low if you look at your book look at bible the. turnover at this chemist has dropped by seventy percent because of course they have these disgusting gross aggressive beggars outside the shop every day these goons saying you know give us their money give us some more money give us some more money shaking down let's look at how much they've shaken down this just this one firm in three years under g r g the global restructuring group the company claims have paid one hundred thirty thousand pounds in fees to georgi and clearing a thousand pounds monthly charge seventy thousand pounds an invoice financing fifty thousand pounds for an outside turnaround adviser. twelve thousand pounds in valuation fees forty thousand pounds in additional interest payments has an outstanding interest rate hedging product that has so far cost about seven hundred thousand pounds so this is the aggressive begging the bag-o. crap clas

osborne. he denies suggestions that it's helped a biased game will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one hyde park for seventy million pounds what do you think well we want we drove by that just a few weeks ago and there at the top end there is next incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china it's just a soft way for china to take over the world the central bank pumps eighty billion to hundred billion dollars a month and the chinese just buy all these at strategic assets around the world isn't as of the china taking over the world is in fact money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset classes hyper

osborne you know basically get a chance he would just line everybody up in britain and whip them to death because he's a psychopathic masochist but he'll throw them fifty quid and say as long as you don't bother me here's fifty quid shut up you stupid british idiot well let's look at some other aggressive behavior by the bagging class the beggar kratz and this is from ian fraser a tweet from him you have twenty four hours r.b.s. bullies firm of chemists disgraceful behavior from a bailed out banks oh r.b.s. royal bank of scotland is a bailed out bank it's eighty two percent owned by the u.k. taxpayer and they have basically given a company called tri health which is a pharmacy into bankruptcy through this misselling of interest rate swaps of course which drained one point two million pounds out of the chemist bank account and then g r g of course global restructuring group. the thug section of r.b.s. shut them down and shaking them down there's a video or audio recording of it but i think i have a better interpretation of it basically r.b.s. calls this the chemist and the chemist tr

osborne. he denies suggestions that it's up to buy scheme will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one hyde park for seventy million pounds what do you think well we want we drove by that flat just a few weeks ago and there at the top end there is an x. in an incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china it's just a soft way for china to take over the world the central bank pumps eighty billion to hundred billion dollars a month and the chinese just buy all these at strategic assets around the world isn't as of this china taking over the world using fat money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset class

osborne. he denies suggestions that it's help to buy scheme will lead to london a london price bubble your thoughts wow let's see london price bubble i think that it's totally reasonable that the candy brothers are trying to sell a five bedroom flat in one high park for seventy million pounds what do you think well we want we drove by that just a few weeks ago and there at the top end there is the next incredible interest from china let me tell you just came back from asia china's printing two hundred billion a month contrast that with the federal reserve bank in america pumping eighty five billion a month so is china it's just a soft way for china to take over the world the central bank pumps eighty billion to two hundred billion dollars a month and the chinese just buy all these at strategic assets around the world as as of this china taking over the world is in fact money well i think what's happening is a good point you're making is that this is a hyperinflation in selected asset classes h

>>rose: george osborne is here.e exchequer. architect of the policy of as you tearity. keeping borrowing cost low, recently britain's economy has started to grow. osborne says his policies are the reason why. i am pleased to have george osborne back at this table. welcome. >> it's good to be here. >>rose: so looking at how fasttn growing, more than any other g 7 country. tell me why you think that's true. what did you do, take as much credit as you want to. as to what made a difference. >> well, look i'm not goingotak. through a lot of hard work by the british people. >> what are the ideas in play? >> the idea in play is first ofn your means, particularly a country without a reserve currency like britain. we've been reducing the deficit in a consistent way, secondly, you've got to repair your banking system. we've done difficult changes to our banking system but that is now worked through. and then finally you've got to have an environment in which people feel confident about investing. britain's been superconfident in the world and the big down pull is lifting, the har

george osborne -- smith says osborne would be wrong to hint. how have things changed since facingt budget we were in the triple dip recession? he was facing it from all quarters, wasn't he? on the sturdy, six months later -- >> he will. he will be able -- they can book growth forecast for double the- he can growth forecast for this year. it is the growth they wanted. it is over and a key relative p -- aquila just -- accumulative period. we have had some hint. they have taken the lead on that. it would help in the background here at -- it would help in the background. it used to be a big secret. auto statements. autumn statements. back.w that he will hold they will cut budgets and spending. >> update us on the deck a picture. -- debt picture. the whole market has been austerity. the economy recovers. higher gross numbers coming through. give us the next donation of why that is happening. still running a budget deficit. the debt is stillx rising. still 10%. background, they will wish that further into the future and into future generations. it is

i think he should have gone away -- gone ahead with the chopsticks rendition. >> george osborne clashing on the day of the autumn statement. i am joined in the studio by norman smith. welcome to the program. that energy price pledge by ed miliband, how big an impact did that have politically? >> it was probably the defining moment of the year in that it changed the terms of trade over the economy. suddenly, it gave labour a compelling narrative at a time when we all know the economy was beginning to pick up. it seemed labor talk about plan a not working. it ishey shifted to say all about the cost of living. they focused on energy prices. that did two things. one is it was very much in sync with public opinion and it enabled ed miliband to ride the crest of public outrage at his colossal increases in energy prices. it also through the government on the back foot. i had to scrabble around and find some sort of repressed -- rep -- repast. >> do you think ministers were quick enough? >> there were clawing and scrabbling and stumbling their way to some sort of repast and came up with a 50 pou

osborne on t.v. with three arms to get out of his head some mutant chancellor from outer space talking about why the deficit doesn't get any more we don't count it it is only in terms that we made up pulled out of our hat for well so the figures back up already published evidence that youngsters are being suckered by cartoon characters and juvenile gentles to believe taking out loans which charge as much as five thousand percent interest per annum is perfectly normal family behavior there's that word again normal is a normal family behavior if you're not incestuous incestuous with your debt now probably i mean this presumably children are our want their allowance right this is their allowance payday lending but their parents are having to take out payday loans to give them their allowance so you have the same debt being recycled over and over at five thousand percent a big kid is twenty and twenty thousand pounds of five thousand percent annualized rate of debt increment hope boy i can hardly wait fo

osborne has said it's only ninety billion but he's not explaining to them what accounting standards he's using right the deficit here in the u.k. is twelve to thirteen percent of g.d.p. and not the numbers that they quote which are what your law is just to put it in layman's terms the chancellor of whining because the deficit is at least double accounting tricks so the big the big accounting firms they hire them they give a big wad you know big briefcase full of cash and then they come back with a nice thick report which details how to lie about the deficit the debt of u.k. is now. broaching a hundred percent of g.d.p. the deficit is down twelve to thirteen percent of g.d.p. so all those growth is happening in the u.k. is because of all the increase in debt as long as interest rates to keep low which is great to keep the debt mounting in this huge ponzi scheme however does give rise to incest you know was kleptocratic cancer ridden financial terrorist like jamie diamond and the folks here in the u.k. well this article points out that for example assets like network rail and taxpayer

was that because he wasn't challenging george osborne? >> i think it reflects two things. one is, there is now a serious weakness in the labor stance on the economy. it is very hard now to get up and say, plan a is not working. that argument begins to look increasingly thin. that is shown in ed balls' response. he was looking for some sort of argument to put and he didn't have it. the second thing, you remember i think it was in the budget, again, he got into difficulties that it was put down to a stammer. i wonder, both these big occasions when he is faced with huge barracking from the tory benches, he is actually thrown off quite a lot by that. it is partly i think a personal difficulty he has coping with that sort of noise. it reflects a weakness in labor's argument on the economy. >> we will be coming back to you later in the program. the global financial crash five years ago may be slipping into history but bad news stories about banks have kept on coming. this year we learned a cooperative bank was facing a huge financial shortfall. they no longer control their own b

well for george osborne my first choice would be maybe a little polonium two maybe not bad aggressive something along the lines of. some form of walk from a fog off farm in france to kind of personify what's happening to the world banks are being stuffed with all this cheap cash and in the end are going to be harvested and his liver along with a bunch of ducks will be exempt take it out and sold on the open market right. at the j.p. morgan christmas party entertainment what would you do. for the christmas party entertainment j.p. morgan that's a good question i guess we have to.

osborne has said it's only ninety billion but he's not explaining to them what. accounting standards he's using right the deficit here in the u.k. is twelve to thirteen percent of g.d.p. and not the numbers that they quote which are what your lies to to put it in layman's terms the chancellor lying because the deficit is at least double because accounting tricks so the big the big accounting firms they hire them they give a big what a big you know big briefcase full of cash and then they come back with a nice thick report which details how to lie about the deficit the debt of u.k. is now approaching one hundred percent of g.d.p. the deficit is down twelve to thirteen percent of g.d.p. so all those growth that's happening in the u.k. is because of all the increase in debt as long as interest rates can keep low which is great to keep the debt mounting in this huge ponzi scheme however does give rise to incest your was kleptocratic cancer ridden financial terrorist like jamie diamond and the folks you see here in the u.k. well this article points out that for exampl

osborne has said it's only ninety billion but he's not explaining to them what accounting standards he's using right the deficit here in the u.k. is twelve to thirteen percent of g.d.p. and not the numbers that they quote which are what your lies to to put it in layman's terms the chancellor of lying because the deficit is at least double accounting tricks so the big the big accounting firms they hire them they give a big wad a big you know big briefcase full of cash and then they come back with a nice thick report which details how to lie about the deficit the debt of u.k. is now approaching one hundred percent of g.d.p. the deficit is down twelve to thirteen percent of g.d.p. so all those growth is happening in the u.k. is because of all the increase in debt as long as interest and keep low which is great to keep the debt mounting in this huge ponzi scheme however does give rise to incest you know was kleptocratic cancer ridden financial terrorist like jamie diamond and the folks you see here in the u.k. well this article points out that for example assets like network rail and ta

osborne has said it's only ninety billion but he's not explaining to them what accounting standards he's using right the deficit here in the u.k. is twelve to thirteen percent of g.d.p. and not the numbers that they quote which are what your law is to to put it in layman's terms the chancellor whining because the deficit is at least double accounting tricks so the big the big accounting firms they hire them they give a big wad you know big briefcase full of cash and then they come back with a nice thick. which details how to lie about the deficit the debt the u.k. is now approaching one hundred percent of g.d.p. the deficit is down twelve to thirteen percent of g.d.p. so all those growth as happening in the u.k. is because of all the increase in debt as long as interest rates can keep low which is great to keep the debt mounting in this huge ponzi scheme however does give rise to incest you know was kleptocratic cancer ridden financial terrorist like jamie diamond and the folks you see here in the u.k. well this article points out that for example assets like network rail and taxpay

osborne on t.v. with three arms to get out of his head some mutant chancellor from outer space talking about why the deficit doesn't count anymore we don't count it in this county in terms that we made up pulled out of our hat well so the figures back up already published evidence that youngsters are being suckered by cartoon characters and juvenile doing goes to believe taking out loans which charges so much as five thousand percent interest per annum is perfectly normal family behavior there's that word again normal this is normal family behavior if you're not incestuous incestuous with your debt now probably i mean this presumably children are our want their allowance right this is their allowance payday lending but their parents are having to take out payday loans to give them their allowance so you have the same debt being recycled over and over at five thousand percent hey kid is it twenty and twenty thousand pounds of five thousand percent annualized rate of debt increment hope boy i can hardl

osborne has said it's only ninety billion but he's not explaining to them what accounting standards he's using right the deficit here in the u.k. is twelve to thirteen percent of g.d.p. and not the numbers that they quote which are what your law is to to put it in layman's terms the chancellor of lying because the deficit is at least double because accounting tricks so the big the big accounting firms they hire them they give a big wad you know big briefcase full of cash and then they come back with a nice thick report which details how to lie about the deficit the debt the u.k. is now approaching one hundred percent of g.d.p. the deficit is down twelve thirteen percent of g.d.p. so all those growth this happening in the u.k. is because of all the increase in debt as long as interest rates can keep low which is great to keep the debt mounting in this huge ponzi scheme however does give rise to incest you know was kleptocratic cancer ridden financial care. like jamie diamond and the folks here in the u.k. well this article points out that for example assets like network rail and taxp

well for george osborne my first choice would be maybe a little polonium two ten but maybe not bad aggressive something along the lines of . some form of walk from a fog off farm in france to kind of personify what's happening to the world of banks they're being stuffed with all this cheap cash and in the end are going to be harvested and his liver along with a bunch of ducks will be exempt taken out and sold on the open market right. at the j.p. morgan christmas party entertainment what would you do. for the curse of party entertainment of j.p. morgan that's a good question i guess we have to hire some. of the cast of the soprano's to come in and ran back some of the famous scenes there where several people got whacked i think i'll be very entertaining you could say been put on paper if you think it's a fantastic way to extend the brand of j.p. morgan j.p. morgan makes the soprano's bankers get gunned down while you're cheering on the likes of tony soprano this is a great cross media opportunity even high that the staff full the christmas party for those will street bankers we're going to pi

well for george osborne my first choice would be maybe a little polonium two ten but maybe not bad aggressive something along the lines of . some fog walk from a fog off farm in france to kind of personify what's happening to the world of banks they're being stuffed with all this cheap cash and in the end are going to be harvested and his liver along with a bunch of ducks will be exempt taken out and sold on the open market right. at the j.p. morgan christmas party entertainment what would you do. for the curse of party entertainment j.p. morgan that's a good question i guess we'd have to hire some. of the cast of the soprano's to come in and reenact some of the famous scenes there where several people got a whacked i think that would be very entertaining you could tape it put on paper of you i think it's a fantastic way to extend the brand of j.p. morgan j.p. morgan most of soprano's bankers get gunned down while you're cheering on the likes of tony soprano this is a great cross media opportunity to fly even high to the south full day christmas party for those will street bankers we're going

here with us now british chancellor, george osborne. good to have you on the show. >> nice to be back. >> we showed a picture when we were over in london and your economy has flat lined. 0% growth. pretty miserable time for the people of britain. for you. but things have turned around a bit haven't they. >> that was a tough time but we stuck with the plan, we worked through the plan we had. and things are getting much better. the economy is growing. >> what's your growth rate over there >> the way you did in the u.s. annualized the 3%. jobs have been created, around 60,000 a month which is equivalent to 300,000 in the u.s. the deficit is coming down. >> structural deficit. we don't think the job is done. there's a bigger question being asked here and u.s. and britain which is are we for a long term decline. are we unable to say to the next generation your lives will be better than your parents. i'm here to say emphatically no. >> you write in the "wall street journal" how britain returned to growth and in part you write this. as the u.s

osborne and mark carney the head of the bank of england so they are fully engaged in the confiscation of wealth using what i call financial apartheid and other tricks to essentially steal the wealth from the from the vast majority for the benefit of a very few on the inside a code array of bankers who work globally but not in iceland iceland have the courage to do what we've seen in some other territories by prosecuting bankers in vietnam recently a banker caught committing financial crimes was executed now there needs to be a deterrent against financial fraud of this magnitude capital punishment seems maybe to be a good idea if it will deter bankers from committing acts of financial terrorism in america capital punishment is legal i say use it to go after the really bad guys the people on wall street the people to central bank stop stop killing poor black kids in texas because you don't like the way they look under capital punishment laws and go after the white guys on wall street were committing genuine acts of financial terrorism they've got capital punishment use it use it to to b

well for george osborne my first choice would be maybe a little polonium two ten but maybe not bad aggressive something along the lines of . some form of walk from a fog off farm in france to kind of personify what's happening to the world banks are being stuffed with all this cheap cash and in the end are going to be harvested and his liver along with a bunch of ducks will be exempt taken out and sold on the open market right. at the j.p. morgan christmas party entertainment what would you do. for the curse of party entertainment of j.p. morgan that's a good question i guess we have to hire some. of the cast of the soprano's to come in and reenact some of the famous scenes there where several people got a whacked i think that be very entertaining you could say been put on paper of you i think is a fantastic way to extend the brand of j.p. morgan j.p. morgan most of soprano's bankers get gunned down while you're cheering on the likes of tony soprano this is a great cross media opportunity even hired as the seth full they christmas party for they. were going to cook up. oh well i'm going to st

well for george osborne my first choice would be maybe a little polonium two ten but maybe not bad aggressive something along the lines of . some fog walk from a fog off farm in france to kind of personify what's happening to the world banks are being stuffed with all this cheap cash and in the end are going to be harvested and his liver along with a bunch of ducks will be exempt take it out and sold on the open market right. at the gate people can christmas party entertainment what would you do. for the curse of party entertainment of j.p. morgan that's a good question i guess we'd have to hire some. of the cast of the soprano's to come in and reenact some of the famous sayings there where several people got a whacked i think i'll be very entertaining you could say been put on paper of you i think it's a fantastic way to extend the brand of j.p. morgan j.p. morgan most of soprano's bankers get gunned down while you're cheering on the likes of tony soprano this is a great cross media opportunity even high that the staff full the christmas party for they. were going to cook up. oh well i'm goi