Browse content similar to 09/12/2013. Check below for episodes and series from the same categories and more!
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with three races to spare this year. We will have reaction from Hull | :00:00. | :00:00. | |
City. That's all in Sportsday, in 15 minutes after the papers. | :00:00. | :00:16. | |
Hello. Welcome to our look ahead at what the papers will be bringing us | :00:17. | :00:24. | |
tomorrow. With me to do that are James Rampton of the Independent and | :00:25. | :00:29. | |
Mina Ol`Oraibi of the Arabic newspaper, Asharq Alawsat. We will | :00:30. | :00:33. | |
look through all the papers shortly. Let's see what we have so far. The | :00:34. | :00:40. | |
Independent's main story a Panorama investigation into the operations of | :00:41. | :00:45. | |
several UK chart tis. The Telegraph is reporting a financial watchdog is | :00:46. | :00:50. | |
calling for an inquiry into excessive profits made by insurance | :00:51. | :00:53. | |
companies from pensioners. The top in the Times is a summit taking | :00:54. | :00:58. | |
place tomorrow to tackle the risk of dementia. Health chiefs are calling | :00:59. | :01:07. | |
the disease "the 21st century plague." Authors have condemned | :01:08. | :01:12. | |
surveillance revealed by Edward Snowden. The Mail has the same | :01:13. | :01:19. | |
story, that elderly savers are being stripped of thousands of pounds by | :01:20. | :01:21. | |
middlemen when they retire. Let's middlemen when they retire. Let's | :01:22. | :01:27. | |
look at some of those stories. We will start with the Daily | :01:28. | :01:31. | |
Telegraph. Brokers are burgling pensioners is the headline. This is | :01:32. | :01:36. | |
this as the watchdog calls for an inquiry into the ins and out of the | :01:37. | :01:41. | |
excessive profits made by insurance companies. It is staggering, isn't | :01:42. | :01:45. | |
it? It is a complex system we are looking at. Absolutely. It has taken | :01:46. | :01:50. | |
me aback reading the figures here. Some of the quotes are strong. | :01:51. | :01:57. | |
Debbie Harrison, a visiting Professor at the of business school | :01:58. | :02:03. | |
in London, says there's a lack of clarity, insurers are benefiting | :02:04. | :02:05. | |
from the confusion and bewilderment. Here is the line which has given | :02:06. | :02:09. | |
them the headline ` what is the point of triple locking the front | :02:10. | :02:14. | |
door when you leave the back door open for burglars? That reiterates | :02:15. | :02:18. | |
this sense that people are being ripped off. I don't think that is | :02:19. | :02:21. | |
putting it too strongly. These middle men are making a fortune out | :02:22. | :02:26. | |
of pensioner, sometimes who are confused and bewildered by the array | :02:27. | :02:30. | |
of options they are offered. It appears they might be taken | :02:31. | :02:35. | |
advantage of. For those of us who don't have savings in these schemes, | :02:36. | :02:37. | |
remind us how complex it can be. don't have savings in these schemes, | :02:38. | :02:39. | |
remind us how complex it can be So remind us how complex it can be. So | :02:40. | :02:42. | |
the idea is that you have savings. At the moment with the current | :02:43. | :02:45. | |
interest rates, not much interest and not much is being made from | :02:46. | :02:50. | |
savings. Often you get them telling you, well if you put your money in | :02:51. | :02:54. | |
the bank it is losing money because it is losing value as the year goes | :02:55. | :02:59. | |
on. You give up your bulk for an annual income. For many pensioners | :03:00. | :03:03. | |
that may seem when they think, OK I will live 10`15 years, let me see | :03:04. | :03:08. | |
what I can do with my savings. However, there are charges and fees | :03:09. | :03:12. | |
put on. This is what it is focussing on, the idea of the fee, the | :03:13. | :03:15. | |
charges, whether you lose when you agree into this. The small print? | :03:16. | :03:21. | |
Like you said James, there are so many options you get lost in this. A | :03:22. | :03:28. | |
lot is about financial literacy orle ill illiteracy. Something which | :03:29. | :03:34. | |
looks attractive may not be five or ten years down the line. The | :03:35. | :03:37. | |
Financial Conduct Authority have said they will have a review looking | :03:38. | :03:41. | |
into this. Interestingly, also it raises the point about savings. | :03:42. | :03:45. | |
According to the Telegraph story, that the quickest rates of | :03:46. | :03:50. | |
withdrawing from savings in 40 years is people are spending their savings | :03:51. | :03:54. | |
because they don't feel like it makes much difference. Some who want | :03:55. | :03:59. | |
to see the economy given a boost, think, oh this is good. What do you | :04:00. | :04:04. | |
do if you are a pensioner and your savings are being burgled? It is not | :04:05. | :04:11. | |
a new issue. An adviser at Downing Street on pensions says she has been | :04:12. | :04:15. | |
calling for years for a review. She says the market was failing a | :04:16. | :04:19. | |
generation of pensioners and hoped regulators would be shamed into | :04:20. | :04:24. | |
taking action. Regulators have done nothing about it. I hope stories | :04:25. | :04:29. | |
like this and I know The Mail is leading as well, will kick them into | :04:30. | :04:35. | |
options. We are looking at ways to invest wisely, particularly in old | :04:36. | :04:38. | |
age because pensions are not as good as they used to be. And we are | :04:39. | :04:43. | |
living longer. Some of us will. I mustn't speak for myself! Last | :04:44. | :04:47. | |
week's headlines about most people having to work until they are 70 | :04:48. | :04:50. | |
now, so again the age of retirement... I will not make it | :04:51. | :04:55. | |
that fine. We will be long gone by then! If not, we enjoy our jobs | :04:56. | :05:00. | |
Either way. Now we all had a giggle at the cartoon on the front`page... | :05:01. | :05:05. | |
I don't know if your graphics guys have been able to get close in on | :05:06. | :05:11. | |
it. Oh, they have. Hilarious. This is in reaction to comments made over | :05:12. | :05:18. | |
the weekend about people moaning about Eastern Europeans taking our | :05:19. | :05:22. | |
jobs and in reference to the MPs' salary rise. Two guys in Bulgaria. | :05:23. | :05:29. | |
One says,ly take a low`paid job that Brits won't do ` I am going to be an | :05:30. | :05:35. | |
MP. David Cameron said the cartoon is what he turns to every day in the | :05:36. | :05:41. | |
paper. Every day is a winner. His hit`rate is incredible. There are | :05:42. | :05:46. | |
two stories ` the Eastern Europe peen story and actually this was a | :05:47. | :05:50. | |
couple of ministers from Bulgaria who say they are taking jobs the | :05:51. | :05:55. | |
Brits won't do. On the other hand MPs could get an 11% pay rise, which | :05:56. | :06:00. | |
is causing a stir. I would be very happy with 11%. 1% would be good! | :06:01. | :06:05. | |
Let's move on to the Independent now. | :06:06. | :06:12. | |
This has of dedicated most of its front`page to a BBC Panorama. It | :06:13. | :06:16. | |
will be broadcast tomorrow into a number of Britain's major charities. | :06:17. | :06:20. | |
It appears the Independent has done some of its own investigating as | :06:21. | :06:24. | |
well. I think this is a really strong story, I must say. I am a bit | :06:25. | :06:29. | |
conflicted because we always want to think that charities always do the | :06:30. | :06:33. | |
right thing. They are obviously generally very well intentioned H in | :06:34. | :06:36. | |
this case the allegations are quite serious. According to a | :06:37. | :06:41. | |
whistle`blower, he's accused safe the children, one of our oldest NGOs | :06:42. | :06:50. | |
of sen el self`centring criticism of the big six because they are funded | :06:51. | :06:54. | |
by British gas. He suggested that they are holding back in criticising | :06:55. | :06:57. | |
those companies because they are taking money from them. That is a | :06:58. | :07:00. | |
serious allegation. I understand that British gas deny it. It is a | :07:01. | :07:05. | |
really interesting story to be highlighting. And I believe you have | :07:06. | :07:09. | |
the denial from Save the Children. It is important because it raises | :07:10. | :07:13. | |
the question of what does corporate sponsorship of a charity mean n the | :07:14. | :07:19. | |
current economic climate? It is difficult for charities to raise | :07:20. | :07:22. | |
money. People feeling the pinch While they are generous, but not as | :07:23. | :07:28. | |
generous as they used to be. Corporate responsibility want to be | :07:29. | :07:32. | |
seen doing more for chart tis. Where do you blur the line? What sort of | :07:33. | :07:36. | |
agreements are done? This is important, but it is sad, to be | :07:37. | :07:38. | |
honest to see Save the Children, who honest to see Save the Children who | :07:39. | :07:42. | |
have done great work in the UK and internationally, they have done a | :07:43. | :07:46. | |
brilliant job this year for Syria. You would not want it to tarnish | :07:47. | :07:52. | |
them and make people hold back from supporting these charities. Clarity | :07:53. | :07:57. | |
is important, but I hope it means there is more internal | :07:58. | :08:01. | |
investigations within the charities. Both deny any wrongdoing. As you | :08:02. | :08:04. | |
were saying Save the Children, which is very much the focus on the | :08:05. | :08:08. | |
front`page of the Independent, as much as we can read it tomorrow but | :08:09. | :08:14. | |
more on Panorama and the pages as well, they are one of the old ets | :08:15. | :08:19. | |
non`Government organisations and survival is key. If you are the old | :08:20. | :08:24. | |
ets, you will be one of the big `` oldest, you will be one of the | :08:25. | :08:27. | |
biggest as well. There is an appeal, one of the charities always at the | :08:28. | :08:32. | |
forefront. They do brilliant work all over the world. I really hope, | :08:33. | :08:36. | |
even though the story is important, it doesn't deter people from | :08:37. | :08:40. | |
contributing when you see a collection box I hope you will still | :08:41. | :08:45. | |
put the money in because they do fantastic money in this country and | :08:46. | :08:48. | |
everywhere in the world. Here is an investigation which brings the | :08:49. | :08:52. | |
charities together trying to survive and the Energy Bill crisis. That is | :08:53. | :09:03. | |
why it is such a good story. On to the Financial Times. We have a theme | :09:04. | :09:10. | |
tonight going, haven't we? The Governor of the Bank of England | :09:11. | :09:12. | |
revealing, giving us some insight into how he wants to try and tackle | :09:13. | :09:18. | |
the housing bubble. And this is particularly in London ` I know as a | :09:19. | :09:25. | |
reporter with our colleagues at BBC London, the price of `` prices of | :09:26. | :09:29. | |
houses are beyond belief and expected to go up significantly over | :09:30. | :09:33. | |
the next five years. We are looking at an average price of a house at ?1 | :09:34. | :09:38. | |
million in five years' time. Salaries are not keeping up. Oh, | :09:39. | :09:40. | |
million in five years' time. Salaries are not keeping up. Oh my | :09:41. | :09:43. | |
gosh! Great for homeowners, but not for buyers. It is interesting | :09:44. | :09:49. | |
because it also is a time... People are still getting to know Carny | :09:50. | :09:53. | |
since he took over at the Bank of England. This is him... It is fresh | :09:54. | :09:59. | |
blood, isn't it? Trying to explain is his fiscal policy? People are | :10:00. | :10:06. | |
wanting interest rates to be kept low. He said if unemployment rates | :10:07. | :10:10. | |
fell to 7 pfrs that would be an indication toll raise interest | :10:11. | :10:13. | |
rates. However we will likely be approaching that and he's almost | :10:14. | :10:17. | |
like stepping away from that earlier statement, saying, actually I can | :10:18. | :10:21. | |
look at other options. Not clear what they are within the coverage | :10:22. | :10:25. | |
that we have seen here, but that it is not necessarily going to be | :10:26. | :10:28. | |
interest rates, even though the housing bubble, as you rightly said | :10:29. | :10:32. | |
is something which can concerning many people. | :10:33. | :10:37. | |
It's a very political position. Now he has charge of interest rates ever | :10:38. | :10:45. | |
since the Labour Party handed that to the Bank of England in 1997. He | :10:46. | :10:50. | |
is foreshadowing possibly using other tools. I think it's very, very | :10:51. | :10:54. | |
clever. He is striking a different note from Lord King. He's made this | :10:55. | :10:59. | |
statement today and he says the ghost of Christmas present is a | :11:00. | :11:04. | |
cheerful spirit, trying to litten the mood. Lord King was serious, | :11:05. | :11:07. | |
cheerful spirit, trying to litten the mood. Lord King was serious but | :11:08. | :11:09. | |
Mark Carny is from Canada and he is just a bit different and I think | :11:10. | :11:14. | |
he's trying to show another face and he's trying to create a different | :11:15. | :11:18. | |
atmosphere perhaps. Increase optimism. He's saying levels of | :11:19. | :11:22. | |
business confidence are the highest for 15 years. That's part of his | :11:23. | :11:27. | |
job, as almost being a cheerleader for the economy. Do you think we are | :11:28. | :11:30. | |
seeing the Government struggling to stimulate the economy as Ed Miliband | :11:31. | :11:36. | |
suggests? We get the headlines that things are looking better, but by no | :11:37. | :11:41. | |
means is it as quick as the Government would like? People still | :11:42. | :11:46. | |
haven't seen living standards go up. Even though the figures and | :11:47. | :11:50. | |
headlines seem more optimistic, people haven't felt it and | :11:51. | :11:53. | |
especially going back to energy bills and people who are paying more | :11:54. | :11:57. | |
and not feeling they're receiving on the other end, so it's interesting | :11:58. | :12:02. | |
here, because again the FT quotes the chairman of the office of budget | :12:03. | :12:06. | |
responsibility and says that, "We don't get the 2% a year real quote | :12:07. | :12:11. | |
in wages and salaries that people would be used to." We are still | :12:12. | :12:16. | |
looking at another two years. I m looking at another two years. I m | :12:17. | :12:21. | |
old huff to remember Harold Wilson talking about the pound in your | :12:22. | :12:24. | |
pocket and people do not feel like the pound in their pocket is worth | :12:25. | :12:29. | |
very much. They still feel very underconfident about going out and | :12:30. | :12:34. | |
spend ng and splurging. They still feel nervous about the economy. Bill | :12:35. | :12:38. | |
Clinton used to say it's the economy, stupid, so you have to have | :12:39. | :12:42. | |
the confidence to make people spend and I don't think we are quite there | :12:43. | :12:46. | |
yet. You wouldn't know it as I battle through shoppers to get to | :12:47. | :12:48. | |
the shops. Aren't they annoying? the shops. Aren't they annoying | :12:49. | :12:57. | |
Thank you both for taking us through the papers. They'll be back later | :12:58. | :13:01. | |
for another look at tomorrow's papers. Do stay with us here. | :13:02. | :13:08. | |
Michael Adebolajo admits killing Fusilier Lee Rigby, but tells the | :13:09. | :13:12. | |
court it was not murder, because he's a soldier of Allah. Also coming | :13:13. | :13:15. | |
up, Sportsday. Good evening. Coming up ` Blackburn | :13:16. | :13:37. | |
Rovers ever discussing `` are discussing the future of DJ Campbell | :13:38. | :13:40. | |
after his arrest in connection with spot fixing. Danny Graham scores his | :13:41. | :13:46. | |
first goal in nearly a year, but deaS not enough for Hull City. `` | :13:47. | :13:52. | |
it's not enough for Hull City. Formula One change their rules to | :13:53. | :13:56. | |
increase the chance of the title race going down to the wire. | :13:57. | :14:14. | |
Good evening. Blackburn Rovers are discussing the future of DJ | :14:15. | :14:22. | |
Campbell. Campbell was one of six arrested by the National Crime | :14:23. | :14:23. | |
Agency | :14:24. | :14:25. |