Donald Trump plans to boost defence spending by £43bn - cutting foreign aid budgets. Should the US be diverting funds from aid to defence?
24 June 2016, 10:01
James O'Brien's Take On Brexit
James O'Brien's passionate take on living with Brexit is essential viewing.
This is James O'Brien's passionate take on the biggest political event in a generation.
Britain voted to leave the European Union by 52% to 48%, leading David Cameron to announce he is to step down as Prime Minister.
James was as frustrated as anyone by the decision, but he made it clear that now isn't the time for anger. He says we need to work out how we're going to live with Brexit.
Speaking on his LBC show, he said: "Regardless of where you stood yesterday, you have to hope today that, if you voted to remain in the European Union, if you are truly frightened by the ramifications of our nation's decision to leave, if you are really looking at the worst case scenarios, you have to park that now and hope that you're wrong.
"You find yourself in this really bizarre position of really, really hoping that not only that you were wrong, but the experts were wrong as well.
"Strange, isn't it?
"The single thing that we can all agree on now is that no one has a clue what happens now. Nobody has. It doesn't have to be frightening, but nobody knows what's going to happen next.
"You can look at the pound tanking and the FTSE100 plummetting like a sheer cliff drop if you look at the graphs, not like a gradient. But it will rally, it will come back up a bit.
"You listen to Mark Carney, who some of us listened to last week and last month and the month before and found him very persuasive.
How do you square that today if you're one of the people who has been persuaded that we should completely ignore the insights or the inputs of the Bank of England?
"His words this morning are very reassuring, one of the few people to try to steer a course through these stormy waters.
"But the team, the men, the man who will probably be Prime Minister by Prime Minister by Christmas... has spent the last 10 weeks telling us to disregard the insights and the expertise of men like Mark Carney.
"Now that for me would be a moment to really stop and wonder what the hell we've done.
"Because who do we turn to now for economic guidance and economic advice? Who do we turn to now for economic policies? We turn to the Governor of the Bank of England.
"But we live in a country where a referendum has just been won by people who told us not only that experts weren't to be trusted, but also that the Governor of the Bank of England was biased."