:00:00. > :00:00.with three races to spare this year. We will have reaction from Hull
:00:00. > :00:16.City. That's all in Sportsday, in 15 minutes after the papers.
:00:17. > :00:24.Hello. Welcome to our look ahead at what the papers will be bringing us
:00:25. > :00:29.tomorrow. With me to do that are James Rampton of the Independent and
:00:30. > :00:33.Mina Ol`Oraibi of the Arabic newspaper, Asharq Alawsat. We will
:00:34. > :00:40.look through all the papers shortly. Let's see what we have so far. The
:00:41. > :00:45.Independent's main story a Panorama investigation into the operations of
:00:46. > :00:50.several UK chart tis. The Telegraph is reporting a financial watchdog is
:00:51. > :00:53.calling for an inquiry into excessive profits made by insurance
:00:54. > :00:58.companies from pensioners. The top in the Times is a summit taking
:00:59. > :01:07.place tomorrow to tackle the risk of dementia. Health chiefs are calling
:01:08. > :01:12.the disease "the 21st century plague." Authors have condemned
:01:13. > :01:19.surveillance revealed by Edward Snowden. The Mail has the same
:01:20. > :01:21.story, that elderly savers are being stripped of thousands of pounds by
:01:22. > :01:27.middlemen when they retire. Let's middlemen when they retire. Let's
:01:28. > :01:31.look at some of those stories. We will start with the Daily
:01:32. > :01:36.Telegraph. Brokers are burgling pensioners is the headline. This is
:01:37. > :01:41.this as the watchdog calls for an inquiry into the ins and out of the
:01:42. > :01:45.excessive profits made by insurance companies. It is staggering, isn't
:01:46. > :01:50.it? It is a complex system we are looking at. Absolutely. It has taken
:01:51. > :01:57.me aback reading the figures here. Some of the quotes are strong.
:01:58. > :02:03.Debbie Harrison, a visiting Professor at the of business school
:02:04. > :02:05.in London, says there's a lack of clarity, insurers are benefiting
:02:06. > :02:09.from the confusion and bewilderment. Here is the line which has given
:02:10. > :02:14.them the headline ` what is the point of triple locking the front
:02:15. > :02:18.door when you leave the back door open for burglars? That reiterates
:02:19. > :02:21.this sense that people are being ripped off. I don't think that is
:02:22. > :02:26.putting it too strongly. These middle men are making a fortune out
:02:27. > :02:30.of pensioner, sometimes who are confused and bewildered by the array
:02:31. > :02:35.of options they are offered. It appears they might be taken
:02:36. > :02:37.advantage of. For those of us who don't have savings in these schemes,
:02:38. > :02:39.remind us how complex it can be. don't have savings in these schemes,
:02:40. > :02:42.remind us how complex it can be So remind us how complex it can be. So
:02:43. > :02:45.the idea is that you have savings. At the moment with the current
:02:46. > :02:50.interest rates, not much interest and not much is being made from
:02:51. > :02:54.savings. Often you get them telling you, well if you put your money in
:02:55. > :02:59.the bank it is losing money because it is losing value as the year goes
:03:00. > :03:03.on. You give up your bulk for an annual income. For many pensioners
:03:04. > :03:08.that may seem when they think, OK I will live 10`15 years, let me see
:03:09. > :03:12.what I can do with my savings. However, there are charges and fees
:03:13. > :03:15.put on. This is what it is focussing on, the idea of the fee, the
:03:16. > :03:21.charges, whether you lose when you agree into this. The small print?
:03:22. > :03:28.Like you said James, there are so many options you get lost in this. A
:03:29. > :03:34.lot is about financial literacy orle ill illiteracy. Something which
:03:35. > :03:37.looks attractive may not be five or ten years down the line. The
:03:38. > :03:41.Financial Conduct Authority have said they will have a review looking
:03:42. > :03:45.into this. Interestingly, also it raises the point about savings.
:03:46. > :03:50.According to the Telegraph story, that the quickest rates of
:03:51. > :03:54.withdrawing from savings in 40 years is people are spending their savings
:03:55. > :03:59.because they don't feel like it makes much difference. Some who want
:04:00. > :04:04.to see the economy given a boost, think, oh this is good. What do you
:04:05. > :04:11.do if you are a pensioner and your savings are being burgled? It is not
:04:12. > :04:15.a new issue. An adviser at Downing Street on pensions says she has been
:04:16. > :04:19.calling for years for a review. She says the market was failing a
:04:20. > :04:24.generation of pensioners and hoped regulators would be shamed into
:04:25. > :04:29.taking action. Regulators have done nothing about it. I hope stories
:04:30. > :04:35.like this and I know The Mail is leading as well, will kick them into
:04:36. > :04:38.options. We are looking at ways to invest wisely, particularly in old
:04:39. > :04:43.age because pensions are not as good as they used to be. And we are
:04:44. > :04:47.living longer. Some of us will. I mustn't speak for myself! Last
:04:48. > :04:50.week's headlines about most people having to work until they are 70
:04:51. > :04:55.now, so again the age of retirement... I will not make it
:04:56. > :05:00.that fine. We will be long gone by then! If not, we enjoy our jobs
:05:01. > :05:05.Either way. Now we all had a giggle at the cartoon on the front`page...
:05:06. > :05:11.I don't know if your graphics guys have been able to get close in on
:05:12. > :05:18.it. Oh, they have. Hilarious. This is in reaction to comments made over
:05:19. > :05:22.the weekend about people moaning about Eastern Europeans taking our
:05:23. > :05:29.jobs and in reference to the MPs' salary rise. Two guys in Bulgaria.
:05:30. > :05:35.One says,ly take a low`paid job that Brits won't do ` I am going to be an
:05:36. > :05:41.MP. David Cameron said the cartoon is what he turns to every day in the
:05:42. > :05:46.paper. Every day is a winner. His hit`rate is incredible. There are
:05:47. > :05:50.two stories ` the Eastern Europe peen story and actually this was a
:05:51. > :05:55.couple of ministers from Bulgaria who say they are taking jobs the
:05:56. > :06:00.Brits won't do. On the other hand MPs could get an 11% pay rise, which
:06:01. > :06:05.is causing a stir. I would be very happy with 11%. 1% would be good!
:06:06. > :06:12.Let's move on to the Independent now.
:06:13. > :06:16.This has of dedicated most of its front`page to a BBC Panorama. It
:06:17. > :06:20.will be broadcast tomorrow into a number of Britain's major charities.
:06:21. > :06:24.It appears the Independent has done some of its own investigating as
:06:25. > :06:29.well. I think this is a really strong story, I must say. I am a bit
:06:30. > :06:33.conflicted because we always want to think that charities always do the
:06:34. > :06:36.right thing. They are obviously generally very well intentioned H in
:06:37. > :06:41.this case the allegations are quite serious. According to a
:06:42. > :06:50.whistle`blower, he's accused safe the children, one of our oldest NGOs
:06:51. > :06:54.of sen el self`centring criticism of the big six because they are funded
:06:55. > :06:57.by British gas. He suggested that they are holding back in criticising
:06:58. > :07:00.those companies because they are taking money from them. That is a
:07:01. > :07:05.serious allegation. I understand that British gas deny it. It is a
:07:06. > :07:09.really interesting story to be highlighting. And I believe you have
:07:10. > :07:13.the denial from Save the Children. It is important because it raises
:07:14. > :07:19.the question of what does corporate sponsorship of a charity mean n the
:07:20. > :07:22.current economic climate? It is difficult for charities to raise
:07:23. > :07:28.money. People feeling the pinch While they are generous, but not as
:07:29. > :07:32.generous as they used to be. Corporate responsibility want to be
:07:33. > :07:36.seen doing more for chart tis. Where do you blur the line? What sort of
:07:37. > :07:38.agreements are done? This is important, but it is sad, to be
:07:39. > :07:42.honest to see Save the Children, who honest to see Save the Children who
:07:43. > :07:46.have done great work in the UK and internationally, they have done a
:07:47. > :07:52.brilliant job this year for Syria. You would not want it to tarnish
:07:53. > :07:57.them and make people hold back from supporting these charities. Clarity
:07:58. > :08:01.is important, but I hope it means there is more internal
:08:02. > :08:04.investigations within the charities. Both deny any wrongdoing. As you
:08:05. > :08:08.were saying Save the Children, which is very much the focus on the
:08:09. > :08:14.front`page of the Independent, as much as we can read it tomorrow but
:08:15. > :08:19.more on Panorama and the pages as well, they are one of the old ets
:08:20. > :08:24.non`Government organisations and survival is key. If you are the old
:08:25. > :08:27.ets, you will be one of the big `` oldest, you will be one of the
:08:28. > :08:32.biggest as well. There is an appeal, one of the charities always at the
:08:33. > :08:36.forefront. They do brilliant work all over the world. I really hope,
:08:37. > :08:40.even though the story is important, it doesn't deter people from
:08:41. > :08:45.contributing when you see a collection box I hope you will still
:08:46. > :08:48.put the money in because they do fantastic money in this country and
:08:49. > :08:52.everywhere in the world. Here is an investigation which brings the
:08:53. > :09:03.charities together trying to survive and the Energy Bill crisis. That is
:09:04. > :09:10.why it is such a good story. On to the Financial Times. We have a theme
:09:11. > :09:12.tonight going, haven't we? The Governor of the Bank of England
:09:13. > :09:18.revealing, giving us some insight into how he wants to try and tackle
:09:19. > :09:25.the housing bubble. And this is particularly in London ` I know as a
:09:26. > :09:29.reporter with our colleagues at BBC London, the price of `` prices of
:09:30. > :09:33.houses are beyond belief and expected to go up significantly over
:09:34. > :09:38.the next five years. We are looking at an average price of a house at ?1
:09:39. > :09:40.million in five years' time. Salaries are not keeping up. Oh,
:09:41. > :09:43.million in five years' time. Salaries are not keeping up. Oh my
:09:44. > :09:49.gosh! Great for homeowners, but not for buyers. It is interesting
:09:50. > :09:53.because it also is a time... People are still getting to know Carny
:09:54. > :09:59.since he took over at the Bank of England. This is him... It is fresh
:10:00. > :10:06.blood, isn't it? Trying to explain is his fiscal policy? People are
:10:07. > :10:10.wanting interest rates to be kept low. He said if unemployment rates
:10:11. > :10:13.fell to 7 pfrs that would be an indication toll raise interest
:10:14. > :10:17.rates. However we will likely be approaching that and he's almost
:10:18. > :10:21.like stepping away from that earlier statement, saying, actually I can
:10:22. > :10:25.look at other options. Not clear what they are within the coverage
:10:26. > :10:28.that we have seen here, but that it is not necessarily going to be
:10:29. > :10:32.interest rates, even though the housing bubble, as you rightly said
:10:33. > :10:37.is something which can concerning many people.
:10:38. > :10:45.It's a very political position. Now he has charge of interest rates ever
:10:46. > :10:50.since the Labour Party handed that to the Bank of England in 1997. He
:10:51. > :10:54.is foreshadowing possibly using other tools. I think it's very, very
:10:55. > :10:59.clever. He is striking a different note from Lord King. He's made this
:11:00. > :11:04.statement today and he says the ghost of Christmas present is a
:11:05. > :11:07.cheerful spirit, trying to litten the mood. Lord King was serious,
:11:08. > :11:09.cheerful spirit, trying to litten the mood. Lord King was serious but
:11:10. > :11:14.Mark Carny is from Canada and he is just a bit different and I think
:11:15. > :11:18.he's trying to show another face and he's trying to create a different
:11:19. > :11:22.atmosphere perhaps. Increase optimism. He's saying levels of
:11:23. > :11:27.business confidence are the highest for 15 years. That's part of his
:11:28. > :11:30.job, as almost being a cheerleader for the economy. Do you think we are
:11:31. > :11:36.seeing the Government struggling to stimulate the economy as Ed Miliband
:11:37. > :11:41.suggests? We get the headlines that things are looking better, but by no
:11:42. > :11:46.means is it as quick as the Government would like? People still
:11:47. > :11:50.haven't seen living standards go up. Even though the figures and
:11:51. > :11:53.headlines seem more optimistic, people haven't felt it and
:11:54. > :11:57.especially going back to energy bills and people who are paying more
:11:58. > :12:02.and not feeling they're receiving on the other end, so it's interesting
:12:03. > :12:06.here, because again the FT quotes the chairman of the office of budget
:12:07. > :12:11.responsibility and says that, "We don't get the 2% a year real quote
:12:12. > :12:16.in wages and salaries that people would be used to." We are still
:12:17. > :12:21.looking at another two years. I m looking at another two years. I m
:12:22. > :12:24.old huff to remember Harold Wilson talking about the pound in your
:12:25. > :12:29.pocket and people do not feel like the pound in their pocket is worth
:12:30. > :12:34.very much. They still feel very underconfident about going out and
:12:35. > :12:38.spend ng and splurging. They still feel nervous about the economy. Bill
:12:39. > :12:42.Clinton used to say it's the economy, stupid, so you have to have
:12:43. > :12:46.the confidence to make people spend and I don't think we are quite there
:12:47. > :12:48.yet. You wouldn't know it as I battle through shoppers to get to
:12:49. > :12:57.the shops. Aren't they annoying? the shops. Aren't they annoying
:12:58. > :13:01.Thank you both for taking us through the papers. They'll be back later
:13:02. > :13:08.for another look at tomorrow's papers. Do stay with us here.
:13:09. > :13:12.Michael Adebolajo admits killing Fusilier Lee Rigby, but tells the
:13:13. > :13:15.court it was not murder, because he's a soldier of Allah. Also coming
:13:16. > :13:37.up, Sportsday. Good evening. Coming up ` Blackburn
:13:38. > :13:40.Rovers ever discussing `` are discussing the future of DJ Campbell
:13:41. > :13:46.after his arrest in connection with spot fixing. Danny Graham scores his
:13:47. > :13:52.first goal in nearly a year, but deaS not enough for Hull City. ``
:13:53. > :13:56.it's not enough for Hull City. Formula One change their rules to
:13:57. > :14:14.increase the chance of the title race going down to the wire.
:14:15. > :14:22.Good evening. Blackburn Rovers are discussing the future of DJ
:14:23. > :14:23.Campbell. Campbell was one of six arrested by the National Crime
:14:24. > :14:25.Agency