Browse content similar to 24/07/2016. Check below for episodes and series from the same categories and more!
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Hello and welcome to our look ahead to what the the papers will be | :00:16. | :00:18. | |
With me are the Political Correspondent for the Daily | :00:19. | :00:22. | |
Telegraph, Ben Riley-Smith, and the Deputy News Editor | :00:23. | :00:25. | |
Tomorrow's front pages starting with... | :00:26. | :00:29. | |
The Financial Times leads with the parliamentary report | :00:30. | :00:32. | |
into the sale of BHS, which blames Goldman Sachs | :00:33. | :00:35. | |
for helping the former owner Sir Philip Green | :00:36. | :00:37. | |
The Metro also focuses on that same report into the collapse | :00:38. | :00:41. | |
of the high street retailer, the report highlights | :00:42. | :00:46. | |
Sir Philip's role in the sale - saying that his reputation | :00:47. | :00:50. | |
"as the king of retail lies in ruins". | :00:51. | :00:52. | |
The 'i' goes for a sport-heavy front page, with the IOC's decision NOT | :00:53. | :00:55. | |
to impose a blanket ban on Russian athletes at the Rio Olympics. | :00:56. | :00:58. | |
It also pictures cyclist Chris Froome winning his | :00:59. | :01:01. | |
On the BHS report, The Daily Telegraph highlights | :01:02. | :01:08. | |
the MPs' calls for Sir Philip Green to be stripped of his knighthood, | :01:09. | :01:11. | |
unless he pays the company's pension deficit. | :01:12. | :01:16. | |
The Times newspaper has a similar front-page leading with the report | :01:17. | :01:21. | |
into the BHS, as well as the severe delays at Dover. Meanwhile, the | :01:22. | :01:30. | |
Guardian discusses Labour's Leader of the House of Lords withdrawing | :01:31. | :01:33. | |
support for Jeremy Corbyn in the forthcoming leadership election. A | :01:34. | :01:39. | |
relatively wide mix of stories for us to pick over tonight, which makes | :01:40. | :01:45. | |
a change. We will start with the FT looking at the BHS fallout and what | :01:46. | :01:49. | |
it might mean for Sir Philip Green, the former owner. MPs blame Goldman | :01:50. | :01:56. | |
Sachs for lending credibility to doomed BHS deal. They allowed their | :01:57. | :02:00. | |
reputation to be used to burnish his cell, didn't they? Yes, it is a | :02:01. | :02:07. | |
tough day for Sir Philip Green tomorrow, this long-awaited MPs' | :02:08. | :02:12. | |
committee report finally comes out. He is dubbed the unacceptable face | :02:13. | :02:18. | |
of capitalism. The FT looks at an interesting part of this. Most of us | :02:19. | :02:22. | |
think how on earth did this deal go ahead when the person he sold it to | :02:23. | :02:29. | |
was manifestly unsuitable? Dominic Chappell bought BHS propound and had | :02:30. | :02:34. | |
no retail experience. A former racing driver, a former bankrupt. | :02:35. | :02:39. | |
The bit the FT pick out is Goldman Sachs is one of the most established | :02:40. | :02:44. | |
banks in the country and they landed their credibility to the deal. | :02:45. | :02:47. | |
Michael Sherwood, the cohead in Europe, the FT says, was involved in | :02:48. | :02:53. | |
giving advice to Sir Philip and they point out it was a pup a wider range | :02:54. | :02:58. | |
of advice on other business dealings. Attaching Goldman Sachs to | :02:59. | :03:01. | |
the deal, their advice gave it this perception of credibility to | :03:02. | :03:05. | |
something that should not have gone ahead. They say they only provided | :03:06. | :03:11. | |
preliminary observations, but this report says they did not. Rather | :03:12. | :03:17. | |
dryly the report says, we regret Goldman Sachs underplayed to ask the | :03:18. | :03:22. | |
nature and extent of their role. Rather than these preliminary | :03:23. | :03:26. | |
observations, there were 95 calls, meetings and e-mails between the | :03:27. | :03:33. | |
executives and people trying to sell BHS. Quite a lot of contact after | :03:34. | :03:39. | |
all. What difference will it make to the reputation of Goldman Sachs? | :03:40. | :03:43. | |
They have been trying to get over the bad reputation they got after | :03:44. | :03:50. | |
the crash of 2008. That is true and I am not sure their reputation has | :03:51. | :03:54. | |
rebounded particularly fire since the crash and this will not help | :03:55. | :04:00. | |
them get past these concerns. The Metro says Philip grid enriched | :04:01. | :04:08. | |
himself at the expense of the store and he took a lot of money out in | :04:09. | :04:12. | |
dividends. Hundreds of millions of pounds over the years when he was in | :04:13. | :04:19. | |
control. His reputation as the king of retail lies in ruins, according | :04:20. | :04:24. | |
to Frank Field, who before he appeared at the committee he was | :04:25. | :04:28. | |
already quite damning about Philip Green. There is a certain sort of | :04:29. | :04:37. | |
glee from Frank Field. Enthusiasm that his worst fears have been | :04:38. | :04:43. | |
realised. There was a lot of hurling insults between them. Frank Field | :04:44. | :04:51. | |
had indicated that Sir Philip needed to give back some of this cash to | :04:52. | :04:54. | |
help the black hole in pensions even before he had begun to take | :04:55. | :04:59. | |
evidence. Sir Philip said, I will not appear in front of the committee | :05:00. | :05:04. | |
until he steps down. It seems for now Frank Field has had the last | :05:05. | :05:09. | |
laugh and he has produced this incredibly damning report. The first | :05:10. | :05:14. | |
is what happens to the 11,000 jobs that hang in the balance and this | :05:15. | :05:17. | |
pensions black hole. Several hundred million pounds. 700 million is the | :05:18. | :05:24. | |
bigger people are urging him to help contribute. The other thing is his | :05:25. | :05:32. | |
knighthood. The Cabinet Office said last week that they would put it on | :05:33. | :05:35. | |
review and that will not help his case. Let's talk about happier times | :05:36. | :05:43. | |
for someone. Chris Froome gliding to glory, his third title in the Tour | :05:44. | :05:46. | |
de France. He is getting used to that yellow jersey. Four minutes | :05:47. | :05:52. | |
ahead does not sound a lot, but it is a long way ahead of your | :05:53. | :06:00. | |
competitors. The dominance of Sky is quite stunning. In the last five | :06:01. | :06:06. | |
years it has been won by an Sky cyclist and no Chris Froome has won | :06:07. | :06:09. | |
it for the third occasion, twice in a row, the first Briton to win it | :06:10. | :06:14. | |
three times and the first Briton to retain the title. The traditional | :06:15. | :06:20. | |
cycling along with a glass in hand on the final day does not do justice | :06:21. | :06:24. | |
to the enormous effort that this requires. He got knocked off his | :06:25. | :06:29. | |
bike at one stage and had to run up a mountain. It is stunning. I think | :06:30. | :06:34. | |
he had a beer as well as some champagne and why wouldn't you? One | :06:35. | :06:40. | |
of only eight people who have won it three times. And he still was to | :06:41. | :06:48. | |
carry on. God knows, you just want to go to bed and sleep for days. He | :06:49. | :06:54. | |
has been better treated this year. He has not had the same level of | :06:55. | :06:58. | |
concern and suspicion that he has had previously. It is pleasing to | :06:59. | :07:04. | |
see because this is one of our supreme athletes who I do not really | :07:05. | :07:07. | |
think gets the attention that he deserves. You could regard as | :07:08. | :07:13. | |
progress not having your own thrown at you. It's a success. And not just | :07:14. | :07:20. | |
him, but many other British athletes. The Olympics are coming up | :07:21. | :07:30. | |
and in 2012 we won more medals than in any other category and I am sure | :07:31. | :07:36. | |
they will want to repeated in Rio. The Telegraph, Dover ferry delays | :07:37. | :07:42. | |
may last all summer long. If you are going across the Channel by ferry, | :07:43. | :07:48. | |
that will not please you. Last thing for families who are planning their | :07:49. | :07:53. | |
summer escape. The stories are phenomenal, 12 mile tailbacks, some | :07:54. | :07:57. | |
people who spent Friday night and Saturday night in their car caught | :07:58. | :08:01. | |
in this incredible problem. There are sneaky suspicion is that this | :08:02. | :08:09. | |
is, quote, payback for Brexit. Hang on. It is a bit far-fetched. These | :08:10. | :08:16. | |
extra security checks are in response to some series events in | :08:17. | :08:21. | |
France, notably the attack in knees. They are and it is understandable | :08:22. | :08:26. | |
why there has been greater security, checking coaches and cars as they | :08:27. | :08:30. | |
pass. A large part of the blame is just sheer incompetence. They have | :08:31. | :08:39. | |
not got enough staff. Clearly it is the security issue and it has been | :08:40. | :08:43. | |
beefed up, but there are reports of how few people there are on the | :08:44. | :08:48. | |
border. At one stage one French officer was checking passengers on | :08:49. | :08:51. | |
hundreds of coaches and each coach took 40 minutes. So France are | :08:52. | :08:58. | |
paying is back for Brexit and not deliberately putting people on? The | :08:59. | :09:04. | |
president of the regional council quite often speaks up on these | :09:05. | :09:08. | |
border issues and he said it underlines how Brexit would have, | :09:09. | :09:13. | |
quote, consequences. We are getting ahead of ourselves. It it is a | :09:14. | :09:20. | |
deliberate plan, it is not great. But from this side of the channel as | :09:21. | :09:26. | |
well is it not surprising that more people were not told sooner do not | :09:27. | :09:35. | |
travel, delay? Rather than sit on a motorway for 13 hours. Yes, why was | :09:36. | :09:41. | |
there not an operation in place to alleviate this pressure. A second | :09:42. | :09:46. | |
night of people stuck overnight in their cars with small children... | :09:47. | :09:55. | |
Grim. A lot of them were British. As a consequence a lot of the queues | :09:56. | :10:00. | |
have dissipated. The situation improved relatively quickly. The | :10:01. | :10:06. | |
Times newspaper. Backlash after Olympic chiefs reject ban on Russian | :10:07. | :10:13. | |
cheats. This is the IOC being accused of passing the buck, of | :10:14. | :10:17. | |
dodging the decision that they had to make. Rather than issue a blanket | :10:18. | :10:24. | |
ban on Russian athletes competing at the Olympics, they have said it is | :10:25. | :10:28. | |
up to the individual sports to decide who should be allowed to | :10:29. | :10:34. | |
compete. Within two hours the tennis authorities announced that all seven | :10:35. | :10:37. | |
Russian tennis players were eligible for Rio. The reaction, | :10:38. | :10:42. | |
understandably, from former athletes and no doubt athletes competing | :10:43. | :10:47. | |
today is one of Bill disguised fury. Matthew Pinsent said it was a copout | :10:48. | :10:52. | |
and James Cracknell accused the IOC of bottling it. It is a decision | :10:53. | :11:00. | |
that rests with the IOC and they thought, it seems a bit hard for us | :11:01. | :11:04. | |
to take this. Track and field athletes are not going. Yes, they | :11:05. | :11:10. | |
are out, but people are getting in and the seven tennis players are | :11:11. | :11:14. | |
already in and Russian sports Minister is saying out of bed 387 | :11:15. | :11:18. | |
strong team more than half will get accepted. We will see this mad | :11:19. | :11:23. | |
flurry, it is not long to go, 12 days. But surely individually that | :11:24. | :11:29. | |
is right? The people who are clean and who are not under suspicion? If | :11:30. | :11:36. | |
you are a clean Russian athlete, why should you be tarnished by the | :11:37. | :11:41. | |
illegal acts of others? On the other hand, if the IOC ever want to make | :11:42. | :11:48. | |
an Olympics appeared clean, they have to take a stand. What message | :11:49. | :11:52. | |
does it send when a state has been found to be running a drugs | :11:53. | :11:56. | |
programme across borders if you just wave it and say individuals can take | :11:57. | :12:05. | |
part. It is one thing to claim at an individual sport as we have seen in | :12:06. | :12:09. | |
cycling, which went through terrible times, and seems to have got over | :12:10. | :12:12. | |
the worst of it, it seems, but it is another thing if it is state | :12:13. | :12:20. | |
sanctioned? There was a cloud over the Rio games, every time the | :12:21. | :12:25. | |
Russians win a medal, I am sure that will happen. We look at other | :12:26. | :12:30. | |
state-sponsored doping systems that were going on and those results are | :12:31. | :12:34. | |
not trusted at all. Finally, the Guardian. Labour of's leader in the | :12:35. | :12:41. | |
Lords abandon support for Jeremy Corbyn. This is Baroness Smith who | :12:42. | :12:47. | |
has gone from being enthusiastic about Jeremy Corbyn to say, no, she | :12:48. | :12:53. | |
is going to put her support behind Owen Smith. How significant is this? | :12:54. | :12:59. | |
The leader of the party in the Lords does not support the leader of the | :13:00. | :13:04. | |
party in the Commons. It is easy to say it is just another one. There | :13:05. | :13:09. | |
are a lot of people frustrated with Jeremy Corbyn's leadership. But | :13:10. | :13:13. | |
firstly she is elected by the Lords and she attends the Shadow Cabinet | :13:14. | :13:18. | |
automatically. If Jeremy Corbyn wins, she will be sitting around the | :13:19. | :13:24. | |
table. For her to say he cannot really do is significant. She | :13:25. | :13:30. | |
absolutely takes a knife to the claim that he puts at the heart of | :13:31. | :13:34. | |
the election campaign, look at my time in office, we won the tax | :13:35. | :13:41. | |
credit reversal from the Tories. She said he did not play any part in | :13:42. | :13:45. | |
that and he should not be claiming the credit for the hard work of | :13:46. | :13:51. | |
others. She accuses him of not turning up for a lot of important | :13:52. | :13:56. | |
meetings. She gives credit to Owen Smith working very closely with the | :13:57. | :14:00. | |
Lords on the tax credits. She does not credit Jeremy Corbyn with that | :14:01. | :14:05. | |
at all. It fits into an narrative. It seems to suggest that Jeremy | :14:06. | :14:10. | |
Corbyn is not making difficult choices, presenting a policy | :14:11. | :14:15. | |
platform, and other people have made the same claims over his economic | :14:16. | :14:19. | |
policies. The economic gurus he brought in, they all left saying, we | :14:20. | :14:27. | |
have not seen an alternative. How vocal have the Lords been about | :14:28. | :14:33. | |
Jeremy Corbyn's tenure? Far quieter, they have not been going on | :14:34. | :14:36. | |
broadcast shows to make their views known. For this reason they are | :14:37. | :14:41. | |
automatically around the table with him on the leadership. As you say, | :14:42. | :14:47. | |
there is a question, not just people saying I believe in his values, they | :14:48. | :14:52. | |
are earnestly held, but it is his competence that is under question. I | :14:53. | :14:58. | |
have heard stories of people not being able to get a policy decision | :14:59. | :15:02. | |
out of him. He has got grassroot support. Yes, he has and that will | :15:03. | :15:10. | |
not change. Angela Smith is furious at left-wing politicians who have | :15:11. | :15:18. | |
been branded Blairite. That is it for this hour, but we will be back | :15:19. | :15:24. | |
again at 11:30pm for another look at the news on the front pages. Meet | :15:25. | :15:27. | |
the author is | :15:28. | :15:28. |