26/06/2016 The Papers

And welcome to our look ahead to what the papers will be

With me are Jim Waterson, who's the politics editor

at BuzzFeed UK, and Rosamund Urwin, a columnist for the Evening

The i says Labour leader, Jermy Corbyn, has been rocked

by a walk-out of his shadow cabinet, and has a helpful column of pictures

of all those members who've quit today.

The Metro comments on the political chaos following the Referendum vote.

"The lights are on at Westminster," it says, "but nobody's home."

The Express says the Prime Minister's coming under pressure

to leave Downing Street early to foil what it calls a plot to stop

The Guardian says Jeremy Corbyn is determined to stay as Labour

leader despite his shadow cabinet disintegrating.

The Telegraph also leads on the Labour mutiny,

but its front page is dominated by a quote from its exclusive

While the FT says Britain is facing what it calls the "stark reality"

of the international consequences of its vote to leave the EU.

And the Times says Jeremy Corbyn faces a leadership ultimatum.

But it also has a story about George Osborne who,

the paper says, is mulling over whether to back Boris Johnson

That is where we will start. The Times. Jeremy Corbyn faces

leadership ultimatum. Labour hit by a wave of frontbench resignations.

It was like dominoes. It was hour I hour. -- by. They pause for the

football to let the match run out and then as soon as the whistle

went, another resignation. That shows what they were concentrating

on. The most interesting one is Tom Watson. The Times says Tom Watson is

ready to tell Jeremy Corbyn to quit. This is make or break if Jeremy

Corbyn survives tomorrow, then the EU will survive until the next

election. If he tips the balance tomorrow that might be the end of

one of the most bizarre and shortest periods of any Labour leader ever.

Tom Watson went to Glastonbury for the weekend after the events

Thursday and Friday, which might make people raised an eyebrow, but

he is back now. -- raise. He is back now. He got the train yesterday.

People were trying to catch on the train on the way back. We had a

reporter at the station where he had to change trains. She said, I can't

see him, so we don't know how he got back from London. He got a train

from Glastonbury and somehow got back to London. Grassroots support

for Jeremy Corbyn is strong. He may have the backing of enough people

not to leave his shadow cabinet. People are coming out tomorrow to

protest his... What do we call this? The series of resignations as a

series of rebellions. There is also this campaign now to make Labour MPs

keep him. Art, I can't see who he is going to put in his shadow cabinet

now. -- but. So many people are coming out in support of him. We

have 16 MPs saying they still support him. You really do feel how

on earth he can possibly take on this role. It is ludicrous. The

Labour Party doesn't have a good manual for getting rid of leaders.

The Tories can do it with a no-confidence vote. But with Labour,

it is unclear with the process. Clearly, a substantial amount of

Labour MPs want him gone, but the mechanism for doing it benefits

Jeremy Corbyn. Why are they doing it now? Diane Abbott says this has been

planned for ages. The referendum is just an excuse. There were

mutterings of it when they knew he was going to win the leadership.

Before he won. He will do it for a bit, we will get a caretaker leader,

and the next election will have a fresh face. That was before he even

had won it. That has always been a desire a Monday. He is so -- among

them. They are going to have a complete nightmare. And he Jeremy

Corbyn Labour MPs I was talking to on Monday said they will not succeed

but keep going at it. -- anti. Now it seems they may actually do it.

With the view of there being a General Election? They just want to

get rid of him now. I don't think at that point they were hopeful. Now we

are at the tipping point. John McDonnell ruled himself out this

morning, of course, very the hammer early. -- vehemently. That is

interesting that he has fully put his weight behind Jeremy Corbyn as

someone who could do it. The Times. George Osborne looks at a deal for

Prime Minister. Here is a man who was right at the front of the Remain

campaign now thinking, we are told by this, to be weighing up whether

he can support Boris Johnson to become the next Prime Minister. This

is extraordinary to me. If politicians... If we want to have

any faith in them having the set of beliefs and standing by their

decisions, how can he possibly, what credibility would be seriously out,

if he... If it had been eight Remain win David Cameron would still be

Prime Minister, he may have brought in Boris and other leaders to put a

party together. --A. He had Boris in the first place. The message we have

seen today from the Gove-Boris camp is to try to unify the party by

bringing in someone from the Remain side. They need someone from there.

George Osborne, for him, this would seem... He is so reduced. They have

the fact that the moral and he is coming out to make a statement in a

bid to calm the markets. -- tomorrow morning. That is a big expectation.

The most intriguing thing for me is there is no mention of the fact that

George Osborne was once considered the obvious succession to David

Cameron. People went around as part of the European negotiation in

August, it was almost expected that he was ready to take over in a

couple of years' time. Instead, he is now not even considering running.

Not even being put forward. The referendum got in the way in a way.

An exclusive interview with Boris Johnson. Please excuse me if you

already had this. It is interesting. We must be proud and positive, build

bridges, because it is clear some have feelings of dismayed and loss

and confusion. This climate of apprehension is understandable given

what people were told. It is based on a profound understanding of what

has taken place. At home and a broad the negative consequences have been

overdone and the other side is being ignored. It is not attributed to

anybody. What people were told during the campaign, and we have

just had a rush of admissions, not from Boris Johnson, he hasn't been

around, but other Leave campaign is that... What do they say? The

promises were possibilities. That is not anyone's understanding of what a

promise means. For many people, clearly, who have had time to think

about it, and who voted Leave, they are still happy with their decision,

they have made the right choice, they don't want Britain to be part

of the EU. But, Boris Johnson, if he will be the man who negotiates this,

he is talking about make it is surely realistic, that we have to

co-operate with the EU. We need a deal out of this. What you will find

if there is no way that you can ignore many Leave people will be

disappointed with not getting what they were promised. Boris Johnson

wrote to The Telegraph saying, I wonder if he will become Prime

Minister, he will have to take a pay cut to pay for things. If you have

an exclusive with the man who has just won the most successful

campaign in British political history, I would not put it like

that. Inside, he says a lot about how 48% of people did not vote for

this and we need to look at that. It isn't clear-cut, not a total

victory. There is already a lot of sounding about compromise. That'll

be interesting to see, how many of the core people in that Leave and

the bout that. According to Reuters, the pound has fallen again.

Investors are still at a loss about what happens again. Markets are

skittish. Dimensions in the article about where the pound is. It is in

that bad, he says. -- he mentions. It has had a good run up until this

period. But by the time this is rather it could be worth. The Asian

markets are trying to digest these columns and making bets on the

pound. No one knows what comes next. The best we can go on is what the

Conservative leader says will happen. He is already talking about

trying to calm people down and explained. That is what people want

from leaders. They don't want more hysteria. We have had so much

hysteria. We have had an extraordinary divisive campaign. He

has switched from being Henry V, it is all war, this is great, to being,

it is all friendly again. That has happened in a few hours from

Thursday to Friday. Extraordinary. How many people trust him? In

London, which voted, obviously, in this, completely to Remain, he could

win London. He has so much personal popularity. There are so many

stories of people blindly loving him. I have been on the campaign

trail with him all over the country. Iowa is done in Cornwall when he

grabbed some asparagus. --I was Serbia is said, Boris Johnson, are

you going to buy some asparagus, he said, right, I have my photo shoot,

and then he was being quirky and passed it around and the crowd

adored him. Absolutely. And we are cynical hacks, so we

pursue him. He was booed, and he had some negative responses. One thing

about this is that the favourites tend not to win Tory leadership

elections. They almost always, you know, Iain Duncan Smith was not the

favourite. It is rarely the guy who starts in the lead and David Cameron

is probably not minded to help them right now. The planned to quit the

UK, one in five edition business leaders suggesting they might move

some business outside of the UK. We were told there would be a mass

exodus. One in five seems a huge number for me. Maybe three out of

five don't have any overseas operations. So they are stuck here.

A lot of companies are stuck here. Bigger businesses tended to back the

EU but smaller businesses were often the ones who are smaller

manufacturers in the north. You often saw them backing Brexit. They

didn't like the red tape. It is an industrial estate which you would

see an owner come out in favour of Brexit, whereas the banks who have

10,000 employees were the most strongly in favour of the EU. A name

check for Yarm tonight. I haven't been there in a very long time. They

might not move too much out because we don't know what the deal will be

yet. It might be that they will stick around in Britain. It could be

that the deal struck is favourable enough for them to do it. I am sure

some will but at the same time it creates extraordinary uncertainty.

And I know of banks and law firms who are talking about reducing their

headcount in London. Who are talking about, obviously, beforehand, how

they can possibly justify keeping their European HQ would however many

workers here. I do think there is real cause for concern here. The FT,

political turmoil and isolation, the UK confronting the new reality. The

FT has issued some pretty stark warnings. Vary in favour of remain,

reflecting its readership I am sure. In the very first entered is of this

is written facing the stark reality of crumbling influence on the world

stage, which is incredibly stark. Yes, it is not an up the read. There

is a lot of doom and gloom in this front page and warnings about how we

don't have the negotiating teams required to do these deals, how even

if we do could do the negotiations, we don't have the leverage over the

EU. Their story focuses on a lot of the more gritty parts of how Brexit

will actually work in reality. The conclusion of their story is we

don't know. And it is likely to be very complicated because a lot of

legislation needs to be unpicked and replaced. There are a lot of things

that I didn't think of nearly enough, Northern Ireland, Gibraltar,

I heard hardly anyone mention Gibraltar. They are very firmly in

favour of remaining in the EU. I was astonished they found over 800 to

vote leave. And another frontier of Calais and whether it is now at

Dover. I have a feeling many things were not adequately discussed and

were not given the weight they should have been in this debate, and

now suddenly as this article says, we are sort of... A lot of people

said that they didn't feel from the newspapers and the media generally

they didn't get the answers they wanted beforehand. I think one of

the things in this referendum has been that people normally know who

they trust and who they refer to. If you read this paper you get those

that. A lot of people got very confused because the traditional

boundaries of who they looked to for advice broke down and then you were

left with people saying we don't know the facts. Actually what they

were instead saying is I am getting bombarded with so much I can't tell

them apart. And they just didn't quite know how to Brexit trust. The

Daily Mail reporting on a plot to block Brexit. That's brilliant.

Wouldn't any losing side B... They are saying if it was incredibly

close on the other direction they would call for a second referendum.

And Nigel Farage is saying this is absolutely ludicrous. And this

petition which was started which has 2 million signatures, which may not

all have been signed in this country, but it was actually started

before the vote by a pro- leave campaigner who was worried that it

would be a close result and he would want a second referendum. He says it

has been hijacked after the event. At in what way is the paper arguing

that the exit could be blocked? -- but in what way. They have this

broad coalition of Nicola Sturgeon, some MPs and Tony Blair, who have

all said separately that a rethink was needed. Now that the

consequences of quitting the Brussels club are here. That is the

perfect Daily Mail concoction, Tony Blair, Nicola Sturgeon, and senior

MPs. In terms of the paper's editorial line that is the absolute

dream people to be up against. If you have voted to leave and that is

what the outcome was, however big or small the margin, you would expect

that result to stand. You would expect us to be leaving the EU. Well

we could technically have a general election where one party stands and

says they are standing on a platform of us remaining in the EU. So that

would be a new mandate either to stay... I can't imagine that that

would happen. I think from all sides no one is claiming the referendum

was fixed, it might have been run in very a pleasant terms, but I can't

see us not exiting the EU now. But there clearly are people who think

there are obstacles in the way. There could be a new election with

so many runs on a pro-EU ticket. But I don't think we have enough time

for that to happen either. Those who voted for leave would feel they

could never trust the process again. I think there will be an enormous

betrayal narrative. I think there will be a lot of people who had hope

of change for the first time in a very long time who have voted for

leaves and finally celebrated victory when they have been ignored

for years and there is a risk that they feel that they haven't got what

they wanted. And many find themselves in a worse position.

Let's look at the Metro, the lights are on but nobody's home. The

illuminated Palace of Westminster with a set of statements underneath.

Nicola Sturgeon on the fight to stay in the EU, 3 million signing the

petition you mentioned and Brussels wants us to start leaving now, well,

some do and some don't. Is the one in the middle we haven't really

talked about, the idea that Nicola Sturgeon talking today saying there

is that push, that desire for the referendum on Scottish independence.

But before we even get to that point, because of the way it

devolution is... It could be blocked by Scotland saying hold on, we are

tied into the EU. I can't see that happening. I just think she would be

bowled over attempting that. How would she be? I think the argument

is that in theory the Scottish Parliament, I am no expert in

Scottish constitutional law so forgive me but I think the argument

is that there is a theory that they would have to give their approval

but I don't think that is enough to stop it. Scotland could avoid

ratifying the leave move, but that power ultimately goes to the centre.

To stop all of those wranglings, and for those people who don't want to

see the breakup of the United Kingdom, somebody somewhere needs to

get a move on with these negotiations, whether or not they

invoke Article 50 sooner or later. The best way not to leave the EU is

not to do anything. If we don't invoke Article 50 any time soon that

we don't leave the EU. We need to leave the EU with decent enough

terms to satisfy leave supporters and also good enough to appeal to

Scotland to stay with the United Kingdom. They have all just said,

the majority of them want to stay with the EU. It would be fascinating

if in a hypothetical world we had a Prime Minister Boris Johnson who

wear -- when he went to Germany, said he had a good deal. I can't

imagine it. There is probably a British solution to it somewhere.

They do think that there is a point, I have listened to a lot of my

friends in Scotland and they feel that they have been tipped over by

this from being very pro- remaining in the union to thinking that now if

we are leaving the EU they want to go into the EU and not be part of

written. We need to brush up on our constitutional law, a bit of

homework for everybody -- part of Britain. Nice long papers, hope you

enjoyed it. Coming up next, the weather forecast.