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Lord Saatchi gives Jeremy Paxman a leaving present

17 June 2014 Last updated at 00:09 BST

Lord Saatchi, co-founder of the advertising agencies Saatchi and Saatchi and M&C Saatchi, has given BBC Newsnight presenter Jeremy Paxman a leaving present.

Paxman is due to present his final show on Wednesday after 25 years of working on the news programme.

Lord Saatchi handed Jeremy Paxman a first edition copy of The Road to Serfdom by Friedrich von Hayek, saying he was giving it to the presenter on behalf of all of his victims.

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