06/01/2016 The Papers

have the result from the game between Manchester and Arsenal. And

the latest from the BDO. Darts championship.

Hello, and welcome to our look ahead to what the the papers

With me are the political commentator Lance

Price, and Bronwyn Curtis, from the Society of Business Economists.

The FT, which says the Chancellor George Osborne will warn that unless

tough economic reforms are stuck to, it could mark "the beginning of the

He cites the Chinese slowdown and plummeting oil prices

The i leads on a story about five extremists it says have

slipped out of the UK to join terror groups, despite having travel bans.

The Sun says red wine drinkers are being warned to stop thinking it's

good for them, with its supposed health benefits set to be rubbished

The Mail says exam timetables for this summer's GCSEs

and A-Levels have been altered over fears that Muslim children fasting

during Ramadan will be unable to produce their best work.

The Express warns Britain's set to freeze when it's battered

by an Arctic blast next week, bringing with it snow and subzero

temperatures heralding the start of what it calls proper winter weather.

The Guardian leads on North Korea's claims it's tested a hydrogen bomb -

it says the UN Security Council has threatened

the country with new punitive measures, and there are also doubts

The Telegraph says Republican Presidential candidate

Donald Trump has threatened to withdraw nearly ?700 million

of investment in Britain, as he hits back at attempts to ban

And the Times claims ministers are now

considering a tax on sugary drinks, after evidence showed it would

It has a picture of Prince George who has started his first day

The reshuffle that does not seem to want to end. The pack is continually

being shuffled and shuffled. It is still going on. We have had three

resignations today, so Jeremy Corbyn is to find three people to replace

those who have left. It is a bit of chaos. It looks very chaotic. I am

looking from the outside, I am not a political preacher will stop but it

seems to me one of the things when I was employing people, I always tried

to employ the best people. They may not always agree with me, they may

not always agree with each other, but what you hope to do was put

together the best you can get, and mould them into a team to go forward

together. That is what leadership is about. This does not look like this.

It looks like getting rid of those who have spoken out against the

views of Jeremy Corbyn one of his supporters. Politics is slightly

different from business in that regard. Some people would argue you

want the best talent but also need to speak with a united voice, and it

would save the Labour Party has not been doing that, especially on

crucial issues like defence and Syria and foreign policy. That is

trying is trying to do, have a united party. You do want a united

party, and a coherent voice. But everyone doesn't have to agree with

each other. One of the strengths of Jeremy Corbyn's new approach to the

leadership is that he said it is OK to debate. In the past, we have been

a bit too rigid in a system where everyone in the Cabinet or Shadow

Cabinet had to agree with everything everyone else said. Everyone knew

that is not our works. We would sit around and discuss everything and

not always agree. Is it naive to talk about a new politics? Was that

just rhetoric? I think it was. A lot of it was just rhetoric, and an

excuse for allowing Jeremy Corbyn to cover up for the fact he did not

have the authority. He has the support of about 10% of MPs on the

Labour benches in the House of Commons. He has to manage a

situation where he has a large body of support no body can deny amongst

membership outside, but when it comes to the party in Westminster,

who are the men and women who have to work with him, there is a really

difficult relationship. This business around the reshuffle will

make that relationship far worse. It is not just the three Shadow

ministers that no one has heard of outside of West Minister resigning

occurs to other people were sacked. It is that people who have a lot of

respect because they are hard-working people are not only

forced out of jobs but also trashed afterwards by some of the People

around Jeremy Corbyn. That is unprofessional. That is an

interesting point. Define Hilary Benn claims he has not been muzzled,

says one paper. Those colleagues of his who have lost their jobs in the

reshuffle have been described as disloyal and part of a right wing

clique. Is that the kind of rhetoric that you would expect, especially in

the political arena, when you want to be seen as capable of running the

country? It looks very amateurish to me. It looks as though everyone is

talking about everyone else I know backs, talking to the media. --

behind their backs. That is not what I want to see. We voted the People

who got in. They represent asked. I want them to be able to represent

us. I find this sort of disorganised... I find it

amateurish. You may be point as a voter, as a member of the public,

this looks bizarre and amateurish. Are the public taking notice of

this? One interview suggested it is a bit like the pre-season games for

football. This is just the warmup, and no one really cares. It is not

until you get close to a collection that people will care. There is some

truth to that. Although people to form impressions of any process

whether it is sport or politics. In contents is something people can

smell, and it is written all over these stories and what has happened

over the past few months. If those like months. -- it feels like

months. It does feel like the reshuffle has gone on for weeks and

weeks. It has turned out to be, compared to the blood threatened to

bespoke, something far less serious. Yet it is all over the papers and

broadcast media for days. That does have an impact. It may not have

anything to do with their everyday lives, but the most important thing,

if you are a political leader, every decision you make you should think,

does this make my party more credible, more electable? All of

these decisions fail those tests. Let's go to the Financial Times.

George Osborne will give a speech where he will warn that the country

is heading for rocky economic times. This is because of external risks. A

lot of external risks. There are a lot of them. He also makes the point

that last year, we had the slowest global growth since the crisis. So

he is looking at these risks. It is China that is been all over the

media. We have seen the stock market really volatile, crashing, and

people are worrying about whether China is slowing down too much. The

slump in the oil price, and a $35. -- under. Saudi Arabia and Iran are

disagreeing, putting it mildly, and yet you expect the oil price to go

up. But it went down again because you were not getting any agreement

in OPEC. There is the fact that the UK economy, the numbers recently are

much weaker than perhaps they thought they would be. It means the

deficit might be higher. One thing the Conservatives have over Labour,

polls would suggest, they are way ahead on economic readability. The

latest poll suggested the Conservatives were 42% and Labour

18%, reiterating George Osborne's point that there are not economic

times ahead. That helped his cause any cause of his party. Those

figures are woeful. It is a cause of great concern. It does bring it back

to the arguments of austerity, whether or not it has run its course

or George Osborne can continue to make because we need to be cutting

back on spending and perhaps increasing taxes, which is something

the Tories are normally reluctant to do. The problem for Labour is they

don't have an alternative narrative. They say they are not happy with

austerity and think it hurts the wrong people, but there is not a

coherent alternative. One silver lining for some people, interest

rates will probably not go up. Any time soon. That is what it looks

like, because we are looking at growth that is quite soft, and

coming out of the US Federal Reserve today, they said it was a close call

on interest-rate hikes. They don't want to do that again soon. They are

talking about another quarter point hikes, but it pushes interest-rate

further into the future for everybody. Netflix launches in 130

countries in an online streaming battle with Amazon. This tells us

the whole way in which we get our entertainment is changing so fast.

People are switching on to things like I prime and Netflix, and

compared to the prices people pay for their sky subscriptions is a

very cheap way of getting television -- Amazon prime. Some people still

have to make these programmes. It is like journalism and any other

business. If people don't want to pay money, they will not get quality

of product. Have you got Netflix? No, but I have been looking at it,

and the reason I have been looking at it is because I was checking

yesterday my television Rundle. -- bundle. I won't say which one it is.

Because they drag you in with discount, it has almost doubled in

the last 12 months because discounts go away after three or six months.

As they do with Amazon and Netflix. But they are very expensive. Just

with movies and entertainment, and broadband, I am up at ?90 or more.

That is far too much. I will look at an alternative. That is what they

are doing in the US. How can they keep it so cheap in comparison to

other satellite providers? It is called revenue investment. They are

spending money to discount to get people in, to sign them up, and once

you are signed up, most people just continue and don't look at it. Is

that what Netflix will do? I think so. It is Netflix, Amazon, and there

is too much competition, so there will be some fallout. But the model

depends on dramatic growth in customers, which is what this story

is suggesting. Netflix have 74 million already endured in the US,

and 3.2 billion people have the Internet. The Daily Mail, exams

being set early to fit in with Ramadan. This to accommodate fasting

Muslims. They are trying to suggest this is a shock horror scandal and a

threat to the British way of life, but it strikes me as sensible.

Ramadan moves each year, but so does Christian festivals. The school

calendar changes to accommodate whenever it is to happen is to be in

any particular year. I don't see a problem right similar changes should

not be made to accommodate Hamadan and the fact some kids are fasting

and therefore not at that test. -- Ramadan. The suggestion is that all

kids have to move their exams because of this. That could cause

problems for Christian kids or whatever? Any kids. Is it fair? I am

trying to find the opposition to this as well. You want students to

do their best, because we want the best people to pass exams as well as

they can because you want them skilled and in the workforce. You do

not want them to suffer because they have not been eating. It is not a

big deal. What is your story? On the front page. I think it is trying to

put the word Muslims in a headline and suggest because sensible changes

have been put in place, that somehow there is a threat. All right. Excuse

me. Moving on to the Sun. This is an. A. Red wine is not good for you.

What is that about? Back in 1995, they told us small amounts of

alcohol, especially red wine, are good for us. Now they are not. Now

they have decided actually, really, the health benefits are much more

from exercise, eating greens and all of that stuff. All of that horrible

stuff. Really they are saying it is bad for us. The fact is, we are

drinking less alcohol as they say in this article. But not enough less.

You have aged extremely well. The good news in the small print is that

the health benefits are still there for men over 40. Which is probably

both of us. And another group we won't discuss. And postmenopausal

women. You said it. Busting myths on the inside page of the Sun, it stop

you getting fat. It prevents cancer, wrong. It prevents memory loss,

wrong. It prevents bug bites, wrong. It cuts heart disease et cetera it

is all nonsense. I dislike it. I like the taste. It is not reached my

memory so badly. -- damaged. You just have to wait six months and

there will be a report that says the opposite. Thank you both. Stay with

us on BBC News. Much more coming up.