Lord McAlpine on the BBC: the most unsettling interview of the year

As the frail-sounding Conservative peer spoke, the scale of the wrongs against him became clear.

Lord McAlpine's interview with BBC Radio 4′s World at One made for profoundly unsettling listening. As the frail-sounding Conservative peer spoke ("I've got a very dicky heart," he said), the scale of the wrongs against him became clear. Asked whether Boris Johnson was right to say that to call someone a paedophile is to "consign them to the lowest circle of hell - and while they're still alive", McAlpine replied:

Absolutely. I think it describes pretty much what happened to me in the first few days of this event...it gets in to your bones. It gets into, it makes you angry. And that's extremely bad for you to be angry. And it gets into your soul. You just think there's something wrong with the world.

Paedophiles are "quite rightly figures of public hatred", he said, adding that "to find yourself a figure of public hatred, unjustifiably, is terrifying."

He said that he was seeking compensation from the BBC but that his claim would be tempered by the fact that "this is the licence payer who's going to pay this - not the people who made the programme, not the people who authorised the programme, not the people who told the lie in the first place."

In an interview with the same programme, McAlpine's solicitor Andrew Reid urged those who had named the peer Twitter to come forward in order to avoid prolonged legal action. He said: "What we're basically saying to people is, look, we know - in inverted commas - who you are, we know exactly the extent of what you've done. It's easier to come forward and see us and apologise and arrange to settle with us because, in the long run, this is the cheapest and best way to bring this matter to an end."

He revealed that he had received two apologies from Guardian columnist George Monbiot (whose "abject apology" to McAlpine can be read here) but had yet to hear from Speaker's wife Sally Bercow, who tweeted: "Why is Lord McAlpine trending? *Innocent face*". He added that legal proceedings would be initiated against her. "She has left us with no choice."

Conservative peer Alistair McAlpine, who was falsely accused of involvement in the north Wales child abuse scandal.

George Eaton is political editor of the New Statesman.

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In your 30s? You missed out on £26,000 and you're not even protesting

The 1980s kids seem resigned to their fate - for now. 

Imagine you’re in your thirties, and you’re renting in a shared house, on roughly the same pay you earned five years ago. Now imagine you have a friend, also in their thirties. This friend owns their own home, gets pay rises every year and has a more generous pension to beat. In fact, they are twice as rich as you. 

When you try to talk about how worried you are about your financial situation, the friend shrugs and says: “I was in that situation too.”

Un-friend, right? But this is, in fact, reality. A study from the Institute for Fiscal Studies found that Brits in their early thirties have a median wealth of £27,000. But ten years ago, a thirty something had £53,000. In other words, that unbearable friend is just someone exactly the same as you, who is now in their forties. 

Not only do Brits born in the early 1980s have half the wealth they would have had if they were born in the 1970s, but they are the first generation to be in this position since World War II.  According to the IFS study, each cohort has got progressively richer. But then, just as the 1980s kids were reaching adulthood, a couple of things happened at once.

House prices raced ahead of wages. Employers made pensions less generous. And, at the crucial point that the 1980s kids were finding their feet in the jobs market, the recession struck. The 1980s kids didn’t manage to buy homes in time to take advantage of low mortgage rates. Instead, they are stuck paying increasing amounts of rent. 

If the wealth distribution between someone in their 30s and someone in their 40s is stark, this is only the starting point in intergenerational inequality. The IFS expects pensioners’ incomes to race ahead of workers in the coming decade. 

So why, given this unprecedented reversal in fortunes, are Brits in their early thirties not marching in the streets? Why are they not burning tyres outside the Treasury while shouting: “Give us out £26k back?” 

The obvious fact that no one is going to be protesting their granny’s good fortune aside, it seems one reason for the 1980s kids’ resignation is they are still in denial. One thirty something wrote to The Staggers that the idea of being able to buy a house had become too abstract to worry about. Instead:

“You just try and get through this month and then worry about next month, which is probably self-defeating, but I think it's quite tough to get in the mindset that you're going to put something by so maybe in 10 years you can buy a shoebox a two-hour train ride from where you actually want to be.”

Another reflected that “people keep saying ‘something will turn up’”.

The Staggers turned to our resident thirty something, Yo Zushi, for his thoughts. He agreed with the IFS analysis that the recession mattered:

"We were spoiled by an artificially inflated balloon of cheap credit and growing up was something you did… later. Then the crash came in 2007-2008, and it became something we couldn’t afford to do. 

I would have got round to becoming comfortably off, I tell myself, had I been given another ten years of amoral capitalist boom to do so. Many of those who were born in the early 1970s drifted along, took a nap and woke up in possession of a house, all mod cons and a decent-paying job. But we slightly younger Gen X-ers followed in their slipstream and somehow fell off the edge. Oh well. "

Will the inertia of the1980s kids last? Perhaps – but Zushi sees in the support for Jeremy Corbyn, a swell of feeling at last. “Our lack of access to the life we were promised in our teens has woken many of us up to why things suck. That’s a good thing. 

“And now we have Corbyn to help sort it all out. That’s not meant sarcastically – I really think he’ll do it.”