WEBVTT - Surveillance: Remembering Queen Elizabeth II 0:00:05.120 --> 0:00:09.200 Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keane. Along 0:00:09.200 --> 0:00:13.039 with Jonathan Ferrell and Lisa A. Brawmowitz. Daily we bring 0:00:13.080 --> 0:00:17.159 you insight from the best and economics, finance, investment, and 0:00:17.239 --> 0:00:22.440 international relations. To find Bloomberg Surveillance on Apple podcast, SoundCloud, 0:00:22.800 --> 0:00:26.280 Bloomberg dot Com and of course on the Bloomberg terminal. 0:00:29.400 --> 0:00:31.960 As we begin this ten days of Morning, in our 0:00:31.960 --> 0:00:35.120 commitment to London here with Bloomberg Surveillance, it is good 0:00:35.159 --> 0:00:37.520 to speak to the editor in chief of Bloomberg, John 0:00:37.560 --> 0:00:40.800 michels Waite, and what is important here is his commitment 0:00:40.880 --> 0:00:44.000 to the literature with Adrian Wooldridge and the number of 0:00:44.000 --> 0:00:46.040 books that they have put out over the years. I 0:00:46.080 --> 0:00:48.440 want to go to a what if, John, because we 0:00:48.520 --> 0:00:52.000 do not know the schedule forward. There is In the 0:00:52.040 --> 0:00:56.040 first time I walked into it, I fell apart. Westminster Hall, 0:00:56.360 --> 0:01:01.320 not Westminster Abbey, but this small all right next to it, 0:01:01.800 --> 0:01:05.560 that that one person and a night one said we 0:01:05.600 --> 0:01:09.360 need to save Westminster Hall. Let the commons burn. And 0:01:09.400 --> 0:01:13.000 there has to be some heritage there, some symbolism as 0:01:13.040 --> 0:01:15.320 you more in your Queen. I think Westminster Hall also 0:01:15.440 --> 0:01:17.040 is the place as I remember it, and I may 0:01:17.040 --> 0:01:19.200 have got this wrong that I think Charles the First 0:01:19.200 --> 0:01:21.440 went too shortly before he was executed, and there have 0:01:21.480 --> 0:01:24.320 been countless other people. So it is it is actually 0:01:24.440 --> 0:01:28.400 very um related to the monarchy and to British history, 0:01:28.400 --> 0:01:30.560 and so it's right at the middle things. I do think, 0:01:30.600 --> 0:01:33.040 actually strangely in this case, I think there is something 0:01:33.240 --> 0:01:36.679 very um your sense of history Tom is correct, is 0:01:36.680 --> 0:01:39.000 that there is something at this precise moment that very 0:01:39.040 --> 0:01:41.639 sort of historical about this. And there's also a sense 0:01:42.120 --> 0:01:44.360 of the monarchy from an earlier age if you look 0:01:44.400 --> 0:01:47.360 at the inheritance from Charles's point of view, he is 0:01:47.400 --> 0:01:52.320 coming into a kingdom that is in danger of breaking up. 0:01:52.960 --> 0:01:56.320 He's coming into a kingdom that has got poor relations 0:01:56.920 --> 0:02:00.760 with its ancestral um other half in in France and 0:02:00.800 --> 0:02:04.360 Germany and things like that. And he's also got a 0:02:04.400 --> 0:02:06.920 sort of brand new chancellor if he wanted under the 0:02:06.960 --> 0:02:09.519 old terms in his trust. So there is a there is, 0:02:09.560 --> 0:02:12.320 it's a it's a not easy inheritance, and I think 0:02:12.320 --> 0:02:16.400 in terms of history, from the monarchy's point of view, um, 0:02:16.440 --> 0:02:20.600 this is an unusually difficult time, notwithstanding the huge amount 0:02:20.639 --> 0:02:22.799 of coming together that is happening at the moment, John, 0:02:22.800 --> 0:02:25.000 how do you expect that he is going to reposition 0:02:25.040 --> 0:02:28.239 this monarchy in the world that you describe. I think 0:02:28.400 --> 0:02:32.880 I think it's a mixture between trying to keep the 0:02:33.560 --> 0:02:37.760 inherent strength that his mother had, which was the ability 0:02:37.800 --> 0:02:40.000 to bring people together. You and I just talking before, 0:02:40.000 --> 0:02:43.240 where you could become from wildly different backgrounds. In this country, 0:02:43.280 --> 0:02:47.520 you could come from worldly different racist genders, everything, and 0:02:47.639 --> 0:02:52.080 people saw this woman as a center of what this 0:02:52.160 --> 0:02:56.840 country was about. And in terms of international influence she was. 0:02:57.880 --> 0:03:00.600 She was about as strong as soft power can get. 0:03:00.639 --> 0:03:04.560 Everybody you met around the world, doesn't matter. Even talking 0:03:04.600 --> 0:03:07.359 to rulers in Asia last couple of weeks ago, they 0:03:07.360 --> 0:03:10.120 are still fascinated by this woman who has, after all, 0:03:10.160 --> 0:03:13.280 met everybody, or did meet everybody, and so as a 0:03:13.360 --> 0:03:17.200 kind of weapon of self power, she was extraordinary. Now 0:03:17.240 --> 0:03:19.839 you have a new person coming in, and I think 0:03:19.840 --> 0:03:23.919 for Charles the sort of challenges possibly to step back 0:03:23.960 --> 0:03:26.960 a little bit in terms of his advocacy. He's no 0:03:27.000 --> 0:03:30.200 longer the heir to the throne. He's actually the he 0:03:30.560 --> 0:03:32.960 now is the person at the middle of the English constitution. 0:03:33.040 --> 0:03:36.120 He selects who the Prime Minister can be that. That 0:03:36.160 --> 0:03:39.400 means you have to perhaps come a slightly more objective figure. 0:03:39.760 --> 0:03:41.800 But the second thing is, you know, how do you 0:03:41.880 --> 0:03:47.240 update the monarchy quietly without losing that sense of power 0:03:47.520 --> 0:03:49.960 when you talk about updating the monarchy? Or one thing 0:03:50.000 --> 0:03:52.440 that Queen Elizabeth the Second did was it she became 0:03:52.480 --> 0:03:55.440 an icon of culture. She became, as one historian said, 0:03:55.800 --> 0:03:58.400 she is tower Bridge and a red double decker bus 0:03:58.440 --> 0:04:00.920 and two legs, not to mention big an afternoon tea 0:04:01.040 --> 0:04:04.480 village bets and sheep flecked hills. How much can the 0:04:04.600 --> 0:04:07.960 new king, King Charles the Second really move at a 0:04:08.000 --> 0:04:12.480 point checking Charles the Third come out and actually represents 0:04:12.520 --> 0:04:16.400 something cultural? And if not, what relevancy will this monarchy have? 0:04:16.720 --> 0:04:19.000 Quite interesting? The world in which just thinking whilst you 0:04:19.040 --> 0:04:21.040 were talking, the world in which John and I grew 0:04:21.120 --> 0:04:25.160 up obviously John massively younger than me, but but stamps. 0:04:25.880 --> 0:04:27.719 The basic fact is the thing you were used to 0:04:27.720 --> 0:04:30.080 seeing was the monarch's head on a stamp. Well, now 0:04:30.960 --> 0:04:33.480 we don't see as many stamps. It's difficult to imprint 0:04:34.160 --> 0:04:37.440 the monarch's head on an email, and issues like that. 0:04:37.920 --> 0:04:40.280 I do think it is it's a question of rebranding. 0:04:40.320 --> 0:04:45.680 When you looked at the jubilee celebrations um recently, in 0:04:45.680 --> 0:04:47.720 which Charles is right in the middle. You know, there 0:04:47.760 --> 0:04:51.080 were some things that worked, putting great big images on 0:04:51.320 --> 0:04:54.119 top of sucking palace. There were other things which maybe 0:04:54.160 --> 0:04:55.880 just felt it was a bit like watching your your 0:04:55.920 --> 0:04:59.360 kind of granddad tried to dance. Um that there was 0:04:59.440 --> 0:05:01.279 there was a little is of that. So it's a 0:05:01.400 --> 0:05:03.800 very difficult thing and at different times. The clever thing 0:05:03.800 --> 0:05:05.719 about the Queen is she was quite good at letting 0:05:06.400 --> 0:05:09.280 the junior royals go off and try things. That was 0:05:09.320 --> 0:05:11.839 a famous thing called It's a knockout, which is too 0:05:11.839 --> 0:05:14.000 painful to go through, but where they are dressed in 0:05:14.040 --> 0:05:17.600 medieval costumes and sort of through sponges at each other. 0:05:17.760 --> 0:05:22.480 But that was conveniently. You know, you've got to explain this. 0:05:23.480 --> 0:05:25.599 It was a kind of game show that had appeared 0:05:25.839 --> 0:05:27.880 on television, which the more I think about it, the 0:05:28.000 --> 0:05:30.719 less easier it is to defend to any audience that 0:05:30.760 --> 0:05:35.800 stretches beyond this this particular kingdom. The royals a game 0:05:35.839 --> 0:05:38.400 show they did once and it did not work out well, 0:05:38.440 --> 0:05:40.719 so they perhaps that perhaps was something that went on 0:05:41.400 --> 0:05:43.080 entirely work. They were like it was like a guest 0:05:43.240 --> 0:05:46.760 version for charity um but it didn't entirely work and 0:05:46.800 --> 0:05:49.600 I cannot remember the full details of so please don't 0:05:50.560 --> 0:05:52.920 probably was not a success. A decent place to pause 0:05:52.960 --> 0:05:55.600 and reflect just for another moment. There have been times 0:05:55.600 --> 0:05:58.920 in the history of this royal family, even with Queen 0:05:58.960 --> 0:06:03.000 Elizabeth on the throne, where they've had difficulty connecting with 0:06:03.040 --> 0:06:05.599 the British people. Do you think Charles is going to 0:06:05.640 --> 0:06:08.240 have that difficulty? And I think of a particular generation 0:06:08.600 --> 0:06:12.440 very much enamored with the late Princess Diana, were uncomfortable 0:06:12.880 --> 0:06:17.120 with Camilla taking the title of queen. I think that 0:06:17.240 --> 0:06:19.039 my personal view is that that has moved on. I 0:06:19.040 --> 0:06:21.840 remember that very well. But my my senses, that has 0:06:21.839 --> 0:06:25.160 moved on, and Charles has sort of pushed himself, notwithstanding 0:06:25.600 --> 0:06:29.039 certain Netflix series, has pushed himself back into the and 0:06:29.160 --> 0:06:32.040 several films has pushed himself back into the middle, and 0:06:32.040 --> 0:06:34.960 he is that he is now a more respected figure 0:06:35.000 --> 0:06:37.560 than he was then. But the interesting point is this 0:06:37.720 --> 0:06:41.840 is that the thing that determines the monic is that 0:06:41.880 --> 0:06:45.120 old sort Harold McMillan thing about events, dear boy events. 0:06:45.200 --> 0:06:48.440 You know, it's what nobody could have guessed what was 0:06:48.480 --> 0:06:50.919 going to happen to Elizabeth. Nobody can guess what's going 0:06:50.960 --> 0:06:53.200 to happen to Charles. We know he faces some things 0:06:53.279 --> 0:06:57.320 like the possibility of Scotland and Norman Ireland maybe leaving 0:06:57.320 --> 0:06:59.800 his union. We're here for ten days. You ever restaurant 0:07:01.640 --> 0:07:06.839 place to hear the Bloomberg Country was banned from mentioning 0:07:06.880 --> 0:07:12.200 the Crown on Netflix for a whole time. Henry quite 0:07:17.000 --> 0:07:20.800 right now an important moment with Mohammad l Arion has 0:07:20.800 --> 0:07:23.400 been such a friend of Bloomberg Surveillance over the years. 0:07:23.480 --> 0:07:26.840 He is a president of Queen's College, Cambridge and they 0:07:26.840 --> 0:07:31.400 are deeply affected by the death of their patron. To Arian, 0:07:31.840 --> 0:07:35.000 the history of Queen's College is extraordinary. We don't need 0:07:35.040 --> 0:07:37.520 to go over it now, but it is the back 0:07:37.640 --> 0:07:41.800 and forth of Queen and king over centuries and centuries, 0:07:42.040 --> 0:07:45.920 back to roughly fourteen five. We now have a new 0:07:46.000 --> 0:07:49.960 transition as well. How do you perceive your patron in 0:07:50.000 --> 0:07:54.920 the shift to King Charles? The third calm facts for 0:07:55.000 --> 0:08:00.360 having me um. We are extremely sad at the passing 0:08:00.360 --> 0:08:03.360 of her Majesty the Queen. I don't think I can 0:08:03.400 --> 0:08:08.120 find words that express the size and scale of the 0:08:08.200 --> 0:08:12.760 loss that's being felt by the United Kingdom, by people 0:08:12.800 --> 0:08:15.760 around the world, and especially by our community because as 0:08:15.760 --> 0:08:19.480 you say, she was our patroness. She visited the college, 0:08:20.080 --> 0:08:26.120 she encouraged and inspired generations of students, of faculty and 0:08:26.120 --> 0:08:29.360 of staff. So there's a real sense of loss right 0:08:29.360 --> 0:08:34.559 now in mourning and wanting to honor her incredible reign. Um, 0:08:34.600 --> 0:08:37.040 we're not looking forward to tell you the truth as 0:08:37.040 --> 0:08:40.360 to what next right now. This is a period of 0:08:41.440 --> 0:08:45.840 deep reflection and gratitude for what her Majesty the Queen 0:08:45.960 --> 0:08:50.000 did for Queen's College, Cambridge. One of the hallmarks of 0:08:50.040 --> 0:08:53.960 her reign was the diversity of the United Kingdom. Cambridge 0:08:54.040 --> 0:08:56.280 let on that as well, and some would say Muhammad 0:08:56.559 --> 0:09:00.200 Aryan let on it as well. There's a shark the 0:09:00.240 --> 0:09:04.160 Trust cabinet, the senior officials showing the diversity of the 0:09:04.240 --> 0:09:08.719 United Kingdom from the University of Cambridge state the diversity 0:09:08.880 --> 0:09:14.840 the Queen Elizabeth brought. She would speak to everyone and 0:09:14.880 --> 0:09:17.640 he would and would encourage us to be more inclusive, 0:09:18.200 --> 0:09:22.800 more diverse, and to continue in the daily fight of 0:09:22.960 --> 0:09:27.360 reducing obstacle to access to a Cambridge education. It's all 0:09:27.400 --> 0:09:31.880 about access and participation and her Majesty was a leader 0:09:32.040 --> 0:09:37.480 in this regard. She believed in a very inclusive in community. 0:09:37.520 --> 0:09:39.520 I cannot tell you that when she would come and 0:09:39.600 --> 0:09:43.120 visit us, she would spend as much time with the 0:09:43.200 --> 0:09:47.440 president as she would with the head gardener, with the 0:09:47.480 --> 0:09:50.559 head of our student body. She would go around and 0:09:50.600 --> 0:09:53.640 talk to people in a very personal and engaging fashion, 0:09:54.280 --> 0:10:00.440 and she was an inspiration in terms of inclusion and diversity. Mohammed. 0:10:00.520 --> 0:10:03.880 The last time she visited you was back in as 0:10:03.920 --> 0:10:06.959 recently as can you share with us just a little 0:10:07.000 --> 0:10:09.480 something from that, how special that visit was for you 0:10:09.520 --> 0:10:14.760 in the college, there was incredibly special, John Um, not 0:10:14.880 --> 0:10:19.560 only because we were hosting her Majesty for lunch, but 0:10:19.720 --> 0:10:24.559 we invited our community to come out and the joy 0:10:24.679 --> 0:10:28.880 with which they welcomed her to Queen's and the interaction 0:10:29.400 --> 0:10:32.600 with her Um. There are pictures on our website of 0:10:32.760 --> 0:10:37.320 her meeting with the students, meeting with the start um, 0:10:37.360 --> 0:10:40.840 spending time and caring, and then it was a wonderful 0:10:40.960 --> 0:10:44.839 lunch in which we thanked her for her very strong 0:10:44.920 --> 0:10:48.160 support of our college. You know, she she followed the 0:10:48.280 --> 0:10:51.400 Queen Mother who was our patron as before her UM, 0:10:51.520 --> 0:10:53.800 and it's been a constant for us, just like it 0:10:53.800 --> 0:10:58.079 has been a constant for the whole nation. Mohammed. This 0:10:58.120 --> 0:11:00.600 has been one of the key points that keep coming 0:11:00.600 --> 0:11:03.760 back to, that she was the embodiment of a spirit 0:11:03.800 --> 0:11:06.400 of the United Kingdom that will be hard to replace, 0:11:06.480 --> 0:11:09.760 and that she really created the modern version of a monarchy. 0:11:09.880 --> 0:11:12.280 Can you give us a sense, a more tangible sense 0:11:12.720 --> 0:11:15.079 of why it is, especially for people outside of the 0:11:15.160 --> 0:11:18.320 United Kingdom, that she acted in this role even though 0:11:18.360 --> 0:11:21.040 she is a figurehead right, that she is a political 0:11:21.400 --> 0:11:24.800 by definition, and that she is looking to remain a 0:11:24.880 --> 0:11:29.800 sort of a public relations persona rather than a leader 0:11:30.320 --> 0:11:35.880 like the Parliament. It was Lisa her inspiration. She has 0:11:35.960 --> 0:11:40.240 inspired so many in the United Kingdom and around the world, 0:11:40.400 --> 0:11:45.600 and I would argue she will continue to long inspire 0:11:46.120 --> 0:11:50.359 people around the world. So where did that inspiration come from? 0:11:50.440 --> 0:11:54.040 I think from free things. One her empathy. She she 0:11:54.240 --> 0:11:59.400 was very empathetic, she listened to people. Second, her dedication. 0:12:00.160 --> 0:12:02.160 She said it on day one that she would be 0:12:02.240 --> 0:12:06.520 dedicated to serve the nation and she continued serving the 0:12:06.600 --> 0:12:11.880 nation for over seven decades as the monarch. And third 0:12:12.080 --> 0:12:15.520 was her responsiveness. So when you put these things together, 0:12:16.280 --> 0:12:21.800 it sums up in instruational leadership that overcomes all sorts 0:12:21.840 --> 0:12:27.360 of divisions within society, and that was flexible enough to 0:12:27.400 --> 0:12:31.640 take the United Kingdom through massive changes. If you look at, Wow, 0:12:31.760 --> 0:12:35.359 how different the United Kingdom of today is compared to 0:12:35.440 --> 0:12:39.079 the one of seventy years ago when she became queen, 0:12:40.160 --> 0:12:43.240 and she she was able to navigate all that inspiring 0:12:43.360 --> 0:12:48.520 us inspire a whole nation throughout that whole period, Mohammed. 0:12:48.920 --> 0:12:51.280 Given how much things have changed, as you talk about, 0:12:51.400 --> 0:12:54.560 given Brexit, given the fact that the United Kingdom has 0:12:54.600 --> 0:12:57.400 shrunk in its scope with relation to some of these 0:12:57.400 --> 0:13:01.000 trade partnerships or at least nomenclature, it is the new 0:13:01.080 --> 0:13:03.600 vision going forward? Does it adhere back to that one? 0:13:03.760 --> 0:13:06.440 Or is this truly a marking of a new regime. 0:13:08.880 --> 0:13:13.360 You know, there are many challenges facing the United Kingdom, 0:13:13.400 --> 0:13:18.360 and that's true for the new Prime Minister who recognized 0:13:18.400 --> 0:13:21.199 that on day one. But I think Lisa, right now, 0:13:21.559 --> 0:13:25.680 it's about her majesty, Queen Elizabeth. The second, it's about 0:13:26.880 --> 0:13:32.720 morning her death. It's about honoring her accomplishment and honoring 0:13:33.200 --> 0:13:37.440 her wain Um. There will come the day when we 0:13:37.480 --> 0:13:40.760 will sit down and talk about all the challenges ahead, 0:13:41.120 --> 0:13:43.280 but I think this is a really important moment in 0:13:43.360 --> 0:13:49.120 history because she has played such an important role, not 0:13:49.240 --> 0:13:53.240 just in this country but around the world. Mohammed, thank 0:13:53.280 --> 0:13:55.400 you for marking this moment in history well us. We 0:13:55.440 --> 0:13:57.720 appreciate it and I think we all agree with certainly 0:13:57.720 --> 0:14:00.480 not the day to discuss markets in the economy with you. Mohammed, 0:14:00.520 --> 0:14:02.520 Thank you very much for giving us your time this morning. Mohamed. 0:14:02.520 --> 0:14:15.680 Down are in that of Queen's College, Cambridge. We touched 0:14:15.679 --> 0:14:18.640 on another of the Queen's efforts, which is Chatham House. 0:14:18.679 --> 0:14:21.720 You've heard that name in America less familiar, but in 0:14:21.800 --> 0:14:24.760 London dominant is one of the great think tanks and 0:14:24.880 --> 0:14:29.080 places of perspective for the United Kingdom. Sir Robant Nibla 0:14:29.160 --> 0:14:31.800 joins us right now, Director of Chatham House, and I 0:14:31.840 --> 0:14:34.520 thought on your website the commitment of the Queen, particularly 0:14:34.640 --> 0:14:37.760 Robin to the academics that you did in two thousand 0:14:37.800 --> 0:14:41.320 and fourteen, her leadership to jump start that project give 0:14:41.400 --> 0:14:44.000 us a window into two thousand and fourteen and what 0:14:44.040 --> 0:14:47.280 the Queen did for Chatham House. Tom happy to um, 0:14:47.320 --> 0:14:49.360 I'm now distinguished fellow Chatham House. We have a new 0:14:49.360 --> 0:14:52.360 director as of a month ago Roman Matics, but I 0:14:52.440 --> 0:14:55.920 had the pleasure of it was fine. I've had a 0:14:55.960 --> 0:15:01.360 pleasure of hosting Uh Her Majesty twice in recent years, 0:15:01.880 --> 0:15:05.280 most of the Chata Mouse Prize when she gave it 0:15:05.280 --> 0:15:09.560 to David attenburghen was when we launched the Queen Elizabeth 0:15:09.600 --> 0:15:12.360 Academy for International Affairs. And I think one of the 0:15:12.680 --> 0:15:16.800 big challenges for institutions in London has been able to 0:15:16.800 --> 0:15:19.160 make sure that you're still well connected to young people 0:15:19.200 --> 0:15:22.400 around the world, engaging them in what London has to offer, 0:15:22.520 --> 0:15:25.520 what Britain has to offer as a place of independent thinking, 0:15:25.560 --> 0:15:27.920 which is what Chatham House about is as well. And 0:15:27.960 --> 0:15:31.000 Her Majesty gave her name to the creation of a 0:15:31.000 --> 0:15:35.880 new academy, came met with the first cohort of Academy 0:15:35.920 --> 0:15:39.440 fellows from all over the world UM, and I think 0:15:39.480 --> 0:15:43.920 what we wanted to do by having this UM Academy 0:15:44.000 --> 0:15:46.240 named in her honor was captured. The fact you're not 0:15:46.240 --> 0:15:48.840 gonna have a patron of institution for seventy years very 0:15:48.880 --> 0:15:52.400 often and it was absolutely remarkable, wonderful to be able 0:15:52.400 --> 0:15:54.360 to have to connect it that way, but also to 0:15:54.840 --> 0:15:58.560 be able to track some of the brightest, most driven 0:15:58.760 --> 0:16:01.080 change makers around the world come and spend some time. 0:16:01.440 --> 0:16:05.160 She her example is a draw. It was the most 0:16:05.200 --> 0:16:08.400 important part of written soft power in her example was 0:16:08.440 --> 0:16:11.680 the Commonwealth. There was a Commonwealth of the early fifties 0:16:11.720 --> 0:16:14.640 and the tumult of the sixties and seventies. What does 0:16:14.800 --> 0:16:18.880 Charles the Third's Commonwealth look like? It's going to be 0:16:18.960 --> 0:16:23.040 very difficult, um, for a number of reasons. In a way, 0:16:24.480 --> 0:16:28.600 it was held together by respect for Her Majesty for 0:16:28.600 --> 0:16:32.000 the Queen Um as well as by that common sense 0:16:32.000 --> 0:16:34.160 of heritage of having formed part of the British Empire. 0:16:34.160 --> 0:16:36.720 But being forming part of the British Empire even as 0:16:36.760 --> 0:16:39.560 independent nations is now something that receives a lot more 0:16:39.600 --> 0:16:43.520 scrutiny than it did in the past. And so what 0:16:43.560 --> 0:16:45.600 we're going to find, I think in the coming years 0:16:46.120 --> 0:16:51.160 UM is potentially Charles having to enable the Commonwealth to 0:16:51.240 --> 0:16:55.120 redefine its purpose amongst those nations without the glue of 0:16:55.160 --> 0:16:58.200 Her Majesty the Queen there to hold it together. We've 0:16:58.240 --> 0:17:03.960 already had some moves away from having the Sovereign Her 0:17:03.960 --> 0:17:07.280 Majesty as the head of state from one Commonwealth member 0:17:07.280 --> 0:17:10.159 by betas a year ago, and there's a worry that 0:17:10.160 --> 0:17:13.119 the whole review of the role of empire, slavery and 0:17:13.119 --> 0:17:16.160 so on will start to come back in and put 0:17:16.160 --> 0:17:19.080 the UK in a much more difficult position in the future. Robin, 0:17:19.400 --> 0:17:21.640 we really do mark the end of an era exactly 0:17:21.680 --> 0:17:24.639 as you say, not only a unifying force, but a 0:17:24.720 --> 0:17:29.400 redefinition of globalization, a redefinition of the United Kingdom and 0:17:29.600 --> 0:17:32.800 the broader empire that it used to have. Right, all 0:17:32.840 --> 0:17:36.680 of these redefining aspects of the new moment, What will 0:17:36.720 --> 0:17:40.280 be the new definition of the next ten years? How 0:17:40.320 --> 0:17:43.639 will King Charles the third come out and shape a 0:17:43.680 --> 0:17:47.200 new vision in the world as you see it. Look, 0:17:47.200 --> 0:17:50.040 the challenge that any monarchers here is that they can't 0:17:50.440 --> 0:17:53.600 establish a vision. They can't declare a vision to the 0:17:53.640 --> 0:17:57.280 rest of the nation. In our constitutional monarchy, they really 0:17:57.320 --> 0:18:00.760 are the holders of continuity, but then not the agents 0:18:00.760 --> 0:18:03.720 of political change in politics, so in a way it 0:18:03.760 --> 0:18:05.880 will be up to this trust of future prime ministers 0:18:05.920 --> 0:18:08.480 to establish the vision of the country. What he has 0:18:08.520 --> 0:18:13.080 to communicate is again the linkage to the continuity. Part 0:18:13.080 --> 0:18:16.080 of I'd say Britain's soft power has been the fact 0:18:16.320 --> 0:18:19.200 that it has had such stable politics for so long 0:18:19.840 --> 0:18:22.920 and However, quickly the government's change of the prime ministers change. 0:18:23.080 --> 0:18:25.240 The fact that the head of state has continuity in 0:18:25.240 --> 0:18:27.560 the family is part of its power. So what the 0:18:28.040 --> 0:18:31.480 monarchy does is give space to governments to go through 0:18:31.520 --> 0:18:34.479 profound change without a sense that the whole nation has 0:18:34.520 --> 0:18:37.720 been called into question. So I think in a way 0:18:37.840 --> 0:18:40.560 Prince Charles, who has leant forward quite a bit as 0:18:40.560 --> 0:18:45.560 a Prince of Wales on climate change, on architecture, biodiversity, 0:18:46.280 --> 0:18:49.639 on architecture exactly, is now going to step back and 0:18:49.680 --> 0:18:52.560 have to to become the cipher that the queen was 0:18:52.720 --> 0:18:54.920 for what other people believe the nation is. It's gonna 0:18:54.920 --> 0:18:57.880 be a really delicate change within some real estate investors 0:18:57.880 --> 0:19:00.479 that are happy with this in London. That my in 0:19:00.520 --> 0:19:04.240 my backup, I think they'll be happy for that reason. 0:19:04.280 --> 0:19:05.639 He won't be able to weigh in the way he 0:19:05.680 --> 0:19:08.240 did before important of the New Yorker. I read the 0:19:08.280 --> 0:19:11.160 New Yorker effort here of the last twenty four hours 0:19:11.200 --> 0:19:15.240 and around Mead Rebecca media it was very good about 0:19:15.280 --> 0:19:19.240 this psychological shift that any monarch has to make. Chian 0:19:20.400 --> 0:19:25.760 He's Charles and then he's King. Third, was it Chelsea Barracks? 0:19:25.880 --> 0:19:29.560 Was it Chausy Barracks all those years ago. Ya kataris 0:19:31.200 --> 0:19:32.919 Royal to royal, they were able to have a different 0:19:32.920 --> 0:19:35.359 type of conversation. I think I'm not getting us off 0:19:35.359 --> 0:19:39.040 into trouble. Was your pet projects? I learned the backstory 0:19:39.119 --> 0:19:40.800 when used to live in Chausea. He used to walk 0:19:40.800 --> 0:19:43.119 past there and it was a big, big conversation at 0:19:43.119 --> 0:19:46.520 the time. Do my do my PhD at Oxford? As 0:19:46.560 --> 0:19:49.320 I was writing it, A buildings being built in front 0:19:49.480 --> 0:19:52.520 in mordel In College and done in all of the 0:19:52.560 --> 0:19:55.640 old style of modeling college but being built in nineteen 0:19:56.280 --> 0:19:58.359 was nineteen three or something. And at one point I 0:19:58.359 --> 0:20:01.480 watched the building go up. Suddy saw this person walking 0:20:01.480 --> 0:20:02.960 here us the top with the gaggle of people and 0:20:03.000 --> 0:20:07.639 it was Prince Charles being shown around. And you know, 0:20:07.840 --> 0:20:09.880 I didn't have a mobile in those days, but it 0:20:09.960 --> 0:20:11.720 was the old building in the keeping and I have 0:20:11.880 --> 0:20:16.080 to say it worked beautifully. So we see the king 0:20:16.119 --> 0:20:19.080 doing that. Who knows? So Robin Nibblett, thank you, Thank 0:20:19.080 --> 0:20:25.760 you so much, distinguished fellow at Chatham House. I'm happy 0:20:25.760 --> 0:20:28.040 to say that John gets now. Sevince Cable, the former 0:20:28.160 --> 0:20:30.920 MP and visiting professor at the London School of Economics 0:20:30.960 --> 0:20:33.760 and Political Science, s Vince, fantastic to have you with us, 0:20:33.760 --> 0:20:37.159 Thanks for being with us. Inevitably we'll talk about change 0:20:37.440 --> 0:20:40.399 and what will change with a new monarch on the throne. 0:20:40.400 --> 0:20:43.920 What will change for you, sir well, I was privileged 0:20:43.920 --> 0:20:46.719 as a private councilor of cabinet minister to dealt with 0:20:46.760 --> 0:20:49.800 her Majesty, and you know, and I understand, as I 0:20:49.800 --> 0:20:53.520 have seen out close, the reasons why the country has 0:20:53.600 --> 0:20:57.520 such respect and affection for her um and so it 0:20:57.720 --> 0:21:00.760 is a I mean, this moment is on the one hand, 0:21:01.119 --> 0:21:03.719 very predicted. I mean, we all knew this was going 0:21:03.720 --> 0:21:07.000 to happen, but at the same time momentous. And you 0:21:07.080 --> 0:21:10.399 have a whole generation of people, you know, seventy or under, 0:21:10.600 --> 0:21:14.080 you've lived your whole life in the Elizabethan age. I 0:21:14.119 --> 0:21:18.399 think for a politician, I'm an hour retired politician, I 0:21:18.400 --> 0:21:21.960 think the significance was that although we had, you know, 0:21:22.000 --> 0:21:28.800 a great change, turbulence, um, big secular changes over time, 0:21:29.040 --> 0:21:32.240 you know, the monarchy and the queen was a kind 0:21:32.240 --> 0:21:37.240 of bedrock of continuity and stability throughout that and remains 0:21:37.359 --> 0:21:40.200 one of the sort of underlying strengths of the country 0:21:40.440 --> 0:21:42.280 and it rests upon the fact that it is a 0:21:42.320 --> 0:21:46.399 constitutional monarchy. It doesn't have a political role, and it 0:21:46.440 --> 0:21:49.600 will be very important that the new king, you know, 0:21:49.800 --> 0:21:52.520 is seen by the world in the country as a 0:21:52.560 --> 0:21:57.040 totally non political figure. Surveiance. I think it's so important 0:21:57.080 --> 0:21:58.399 to speak to you you here. I'd love to do a 0:21:58.400 --> 0:22:01.440 two hour conversation with your Now, if you look at 0:22:01.520 --> 0:22:04.800 your party history as a kid, when you were at 0:22:04.840 --> 0:22:08.040 Cambridge and I'm from their Glasgow and such, and then 0:22:08.080 --> 0:22:11.160 you find that you were the chief economist for Royal 0:22:11.240 --> 0:22:13.760 Dutch Shell for a while as well, you have a 0:22:13.840 --> 0:22:19.320 backdrop here of this emergency moment for your United Kingdom. 0:22:19.359 --> 0:22:23.639 How does Charles the third provide support to Prime Minister 0:22:23.760 --> 0:22:27.600 trust Well, I think given the way in which the 0:22:27.640 --> 0:22:30.879 monarchy works, and I think we all wanted to continue 0:22:30.920 --> 0:22:33.760 to work, and I think there are very few Republicans 0:22:33.760 --> 0:22:38.160 in Britain. Um, it is by respecting this boundary between 0:22:38.520 --> 0:22:43.119 politics and the head of state role, and um, I 0:22:43.160 --> 0:22:46.760 mean King Charles. It's an enormously difficult job. I mean 0:22:46.800 --> 0:22:50.400 he's been auditioning for this for fifty years. He could 0:22:50.400 --> 0:22:54.400 have stepped into the monarch role at any time and 0:22:54.520 --> 0:22:59.639 he it's it's required extraordinary self discipline from him um 0:22:59.720 --> 0:23:02.880 and has been a very very difficult role. And he's now, 0:23:03.080 --> 0:23:07.040 as you say, seventy three and he's inheriting this responsibility. 0:23:07.400 --> 0:23:09.200 I think one of the things he will be very 0:23:09.280 --> 0:23:14.280 mindful of bearing in mind, you know, the enormous respect 0:23:14.400 --> 0:23:18.560 for his mother, who was scrupulously non political through the 0:23:18.600 --> 0:23:22.159 whole of her reign. I mean, he has at times, 0:23:22.200 --> 0:23:25.960 you know, straight into the political world, most recently over Rwanda, 0:23:26.040 --> 0:23:30.040 and he will, I think, in order to maintain the 0:23:30.119 --> 0:23:34.159 solidity of the monarchy, be very very careful not to 0:23:34.200 --> 0:23:39.320 go into the um. I have no idea. I mean 0:23:39.359 --> 0:23:42.439 I I met him a few times, and I like 0:23:42.560 --> 0:23:46.840 what he did, and he was genuinely socially concerned individual. 0:23:46.920 --> 0:23:50.320 I absolutely no idea about his political thing. I was 0:23:50.320 --> 0:23:54.119 trying to cause some trouble. I think it's such a 0:23:54.160 --> 0:23:58.720