That's almost right - Except noel (guitar 2) uses a capo on the 3rd Fret to double the first guitar. 

The chords are as follows (guitar 1):

Bb :655400
Gm :355333
Cm :x35540
G# :466544

Bb                     Gm
A police car and a screaming siren
Bb                     Gm
Pneumatic drill and ripped up concrete
Bb                     Gm
A baby wailing, stray dog howling
Bb                         Gm
The screech of brakes and lamp light blinking
Cm          G#         Cm          G#     Bb   Gm
That's entertainment, that's entertainment

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i saw a program on bbc 2 and paul weller performed this song with 
noel gallagher. its really easy and sounds good too.

the chords are:
G  :320033
Em7:022033
Am :x02210
F  :x33211

G                     Em7
A police car and a screaming siren
G                     Em7
Pneumatic drill and ripped up concrete
G                     Em7
A baby wailing, stray dog howling
G                         Em7
The screech of brakes and lamp light blinking
Am          F         Am          F     G Em7
That's entertainment, that's entertainment

mail me @ barry_fallon2000@hotmail.com