26/01/2014

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:00:00. > :00:00.introduce a 50p rate of tax is fair. Thousands of Ukrainians have paid

:00:00. > :00:07.tribute to a man killed during clashes with police in the capital

:00:08. > :00:16.Kiev. Protests have continued to build around the country.

:00:17. > :00:36.Hello and welcome to our look ahead to what the papers will be bringing

:00:37. > :00:42.us tomorrow. With me are Mihir Bose from the London Evening Standard and

:00:43. > :00:47.the pensions analyst Ros Altmann. Tomorrow's front pages, starting

:00:48. > :00:53.with the Independent. It reports on what it calls the UK's regional

:00:54. > :00:54.brain drain. The paper says huge numbers of young adults move to

:00:55. > :01:03.London and never return home. The Daily Telegraph reports on a story

:01:04. > :01:04.we've been covering, the attack by business leaders on Labour's planned

:01:05. > :01:04.50p tax rise. The Metro claims England football fans are being

:01:05. > :01:14.lured into a ?15 million scam involving the sale of World Cup

:01:15. > :01:15.tickets. The front page of the Express says a revolutionary laser

:01:16. > :01:15.treatment for arthritis has been discovered by scientists. The

:01:16. > :01:25.Financial Times also examines the business world's response to

:01:26. > :01:25.Labour's tax pledge. The Guardian claims that the

:01:26. > :01:26.government accepted ?1,000 from a fraudster who was selling fake bomb

:01:27. > :01:27.detectors. The Times reports that the government is planning an

:01:28. > :01:34.overhaul of pensions which could see them increase by a third in value.

:01:35. > :01:38.And The Daily Mail also reports on this story, saying pensioners could

:01:39. > :01:39.be ?25 a week better off. Beginning with a story that has had

:01:40. > :01:44.a lot of traction. Some of the papers were previewing Ed Balls'

:01:45. > :01:49.speech on Friday night for their Saturday editions and we are now on

:01:50. > :01:52.the Monday conditions and the story is still here. By Financial Times

:01:53. > :01:57.reports it as businesses blast the 50p plan. Conservatives claimed the

:01:58. > :02:01.proposal threatens recovery. We had a 50p tax rate before and it didn't

:02:02. > :02:05.last. Isn't it Labour testing the waters? We have 15 months until the

:02:06. > :02:12.election. Ed Miliband has already said he will freeze energy prices if

:02:13. > :02:16.he comes into power. This 50p tax is presumably the next step. Labour is

:02:17. > :02:21.saying how they can manage the economy. Their problem is, in the

:02:22. > :02:25.next election, how they will convince the electorate, having

:02:26. > :02:29.mismanaged things last time, that they are competent to do it. Ed

:02:30. > :02:35.Miliband is hoping that he can build. And at all is, that they care

:02:36. > :02:41.for the common people, the people suffering. The story has been kept

:02:42. > :02:47.on the front pages because we are now looking at the business leaders

:02:48. > :02:52.are positive response. The Telegraph reports many business leaders have

:02:53. > :02:55.written a letter, saying this is a terrible idea. But they would,

:02:56. > :02:59.wouldn't they? It's more about politics. This is about playing to

:03:00. > :03:04.the people, the vast majority, in this country. Most wouldn't go

:03:05. > :03:10.anywhere near enough to pay a 50p tax rate. It's a sort of populist

:03:11. > :03:16.measure, perhaps tapping into some of the discontent that there is

:03:17. > :03:20.because the disparity between those who are middle incomes and those at

:03:21. > :03:25.top has widened. There is an increase in inequality of income.

:03:26. > :03:31.This is, if you like, a bit of political grandstanding. Lord

:03:32. > :03:36.Prescott on Twitter said, it's amazing seeing all these people

:03:37. > :03:40.earning over 50 K are against it. Does it require that politicians

:03:41. > :03:48.need to explain more to people, why it 50p tax rate is not the cure?

:03:49. > :03:53.They are just not explaining it well enough? Political parties fight

:03:54. > :03:59.elections on making pledges which are headline news. The right tabloid

:04:00. > :04:06.headline. They don't go into the details. It's only when they come to

:04:07. > :04:10.power and you discover some of their policies don't work. For Labour,

:04:11. > :04:14.it's very important to get the right headlines. But they are really

:04:15. > :04:19.reaching out to the right people. At the moment, Labour is still not

:04:20. > :04:30.crossing the 40% threshold in the polls. Although this won't raise

:04:31. > :04:32.much money at all and it indeed may not raise any money, according to

:04:33. > :04:37.some estimates I've seen, it does play to the politics. There are a

:04:38. > :04:43.lot of people out there who are very angry that their pay has been cut or

:04:44. > :04:49.frozen and pay at the top has soared. That, I think, is what

:04:50. > :04:54.Labour is tapping into. And the anger increases when you have

:04:55. > :04:59.austerity and people are facing cutbacks. They feel, why are the

:05:00. > :05:03.rich getting away with it? Or why are the 3% who are likely to get

:05:04. > :05:09.away with it, why are they getting away? But it won't really be the

:05:10. > :05:12.measure we need to tackle the deficit. But it won't completely

:05:13. > :05:17.destroyed a recovery. The other side of the claim might also be an little

:05:18. > :05:21.bit dubious. But, from a political point of view, Labour won't be

:05:22. > :05:28.wanting to alienating want to be alienating business. New Labour made

:05:29. > :05:33.an enormous claim of saying we want is this, we want people to be

:05:34. > :05:38.successful, we want people to own money because that brings more money

:05:39. > :05:42.in for everybody. To a certain extent that's true. We have seen

:05:43. > :05:48.recently in France, they introduced that 75p tax rate, a lot of

:05:49. > :06:04.businesses just got up and left. The French people came here! That, I

:06:05. > :06:11.think, is the risk. This rate is less money than leaving tax rates

:06:12. > :06:15.where they are. But this isn't new Labour. Ed Miliband says new Labour

:06:16. > :06:20.is over. They are obviously still reliant on large donors, who have

:06:21. > :06:25.already come out and said they aren't happy with this. It will be

:06:26. > :06:30.interesting to see how it works. I would much rather see either party

:06:31. > :06:35.talking about merging tax and national insurance together and

:06:36. > :06:38.having a low rate overall, rather than attacking one group or another

:06:39. > :06:46.and having a political battle over top rate tax. That's to convert

:06:47. > :06:51.catered an idea for politicians. -- to convert catered an idea. This

:06:52. > :07:00.idea here of the loo of London attract the young talent from the

:07:01. > :07:09.regions. -- lure of London. And, in many cases, they don't go home. We

:07:10. > :07:12.have a boom in the south and it's sucking people in from all over the

:07:13. > :07:18.country because this is where the jobs are. This is where the new jobs

:07:19. > :07:23.are being created. The article explains that 80% of the new jobs

:07:24. > :07:28.created over the past few years have been in London in the south-east. If

:07:29. > :07:37.people who don't live down here have not got a job and they want to find

:07:38. > :07:41.one, they are going to have a bit -- better chance if we move down here.

:07:42. > :07:47.Once they establish themselves, they aren't always going to go back. We

:07:48. > :07:52.need to develop the regions and we need the recovery to spill out to

:07:53. > :07:53.some of the other areas. But once you move to the south-east, the

:07:54. > :07:58.temptation is to stay because you think, if I move away, I won't be

:07:59. > :08:04.able to come back. This report emphasises that London is the big

:08:05. > :08:08.centre of our country and London has always been the big centre for a

:08:09. > :08:10.number of years. And this austerity, these cuts that we've had,

:08:11. > :08:15.recession, has further accelerated the process. And the other centres

:08:16. > :08:19.haven't developed. I can't see another process in which the other

:08:20. > :08:26.centres can develop. I don't think we will become like France or Italy

:08:27. > :08:29.or the US, where we have four or five big cities. Is that because we

:08:30. > :08:33.are too small a country? The distances are short. But if you look

:08:34. > :08:39.at the media, 11 newspapers are all in London. The BBC has gone up to

:08:40. > :08:49.Manchester. Breakfast is their! -- there. But regional papers are

:08:50. > :08:53.closing. The Evening Standard is free in London. You can't imagine

:08:54. > :09:00.that happening somewhere else. London has become a capital stake by

:09:01. > :09:05.itself. Although the Metro is available in many places. It started

:09:06. > :09:10.off in London but that's become a free paper that's gone everywhere.

:09:11. > :09:14.When the Olympic Committee wanted to come, they said, if you present

:09:15. > :09:21.London, we will come, not Manchester. We need the government.

:09:22. > :09:25.This is a redistribution issue. We need investment in other areas and

:09:26. > :09:31.the government is talking about that. Building investment outside of

:09:32. > :09:38.London. Develop the other areas. Let's move on to talk about a

:09:39. > :09:44.pensions story. Good thing you are here, Ros. Staying with the Times.

:09:45. > :09:49.Pensions to rise by 30% in pensions revolution. That's their story. But

:09:50. > :09:54.it comes with greater risk. Can you explain this? I would say this

:09:55. > :09:59.headline is a bit misleading. The idea that just by changing the type

:10:00. > :10:04.of pensions scheme you are in you can get 30% more, it depends on

:10:05. > :10:10.investment markets and it depends on investments. And your pension during

:10:11. > :10:16.the time you get that pension could vary according to performance? It's

:10:17. > :10:19.trying to say that the government is now looking at, because we have a

:10:20. > :10:22.pensions crisis and not enough people are putting in funds and

:10:23. > :10:32.employers are closing schemes, and we find a less risky pension? Now,

:10:33. > :10:36.employers take some of the risk without offering cast-iron

:10:37. > :10:40.guarantees. This is what we are talking about. They have this kind

:10:41. > :10:47.of model in Holland. The idea is that everybody puts money into the

:10:48. > :10:51.pot. Those already retired take out what they think they can afford. The

:10:52. > :10:58.risk with these pensions is that younger people may not get the same

:10:59. > :11:00.as older people, even though they have put in the same amount.

:11:01. > :11:07.Somebody on Twitter, appealing to you directly, please point out this

:11:08. > :11:12.30% comes from a spreadsheet in -- and some dodgy assumptions. It does

:11:13. > :11:17.depend very much on assumptions. It's a bit misleading. This is about

:11:18. > :11:23.private pensions. It's about trying to invent a different type of

:11:24. > :11:29.scheme. One of the big benefits of this one is joining lots of schemes

:11:30. > :11:33.together. Like they do in Holland. Doesn't it reflect the fact that

:11:34. > :11:38.final salary schemes aren't now affordable? And we don't have a

:11:39. > :11:42.viable employers scheme any more. Basically, we haven't found a

:11:43. > :11:47.formula. The younger people have always subsidised the older people

:11:48. > :11:52.but you are saying this will accelerate or even further enquiries

:11:53. > :12:01.that process. That would be one of the risks. The people who aren't in

:12:02. > :12:02.favour of this type of scheme would say, what you are doing is getting

:12:03. > :12:07.money in for -- from the younger generations. They put the money in

:12:08. > :12:12.and yet you can't be sure that the pension would be there when they

:12:13. > :12:17.retire. Equally, this kind of scheme does also allow you to cut the

:12:18. > :12:23.pensions of people who are already pensioners. Our current system

:12:24. > :12:25.doesn't do that. That would be a big change. And other pensions story in

:12:26. > :12:31.The Daily Mail. Top up lifeline for women. Boost your pension by ?25 a

:12:32. > :12:37.week. But this is only for people who are currently... Have reached

:12:38. > :12:52.state pension age or we'll do so by April, 2016. -- will. This is the

:12:53. > :12:58.state pension. You can do this with the private sector. This is what

:12:59. > :13:03.will happen to the states. And you will get a particular sum of money

:13:04. > :13:08.back. Whether people want to do that or not... If they have the money,

:13:09. > :13:14.why would they want to put it in a pension? They would want to invest

:13:15. > :13:17.it elsewhere. Having money in a pension pot is a good alternative to

:13:18. > :13:23.having an annuity. We don't know how much they will charge you to buy the

:13:24. > :13:30.extra pension. They say ?1 for every ?900. They are all estimates. We

:13:31. > :13:35.have not seen the final figures. And buying any index-linked pension

:13:36. > :13:43.depends on the age at which you buy it. If you are 70, it will be

:13:44. > :13:49.cheaper than if you are 60. Let's get that to the Times. Boys need to

:13:50. > :13:55.be taught how to treat girls. This is according to Mumsnet, who are a

:13:56. > :13:59.large campaigning group these days, saying that sex education should be

:14:00. > :14:03.compulsory at secondary schools to teach boys to respect the girls

:14:04. > :14:08.because many boys are getting their idea of what sexual relationships

:14:09. > :14:14.are like from online pornography. It seems that in schools there is no

:14:15. > :14:19.form of sex education that is provided. It also says one in three

:14:20. > :14:25.girls is groped or experiences some form of unwanted sexual touching at

:14:26. > :14:31.school and that is a very sad and disturbing statistic. We would have

:14:32. > :14:37.thought that we have come a long way in this country in properly teaching

:14:38. > :14:40.people what sex education is and if we are not doing that, that is a

:14:41. > :14:44.serious problem. In state schools, there is still sex education being

:14:45. > :14:49.compulsory but in the new academies, where the governors of the schools

:14:50. > :14:54.are in charge of the curriculum, they can choose what to include or

:14:55. > :15:01.exclude and some are excluding it. We need to look at how to make sure

:15:02. > :15:08.that boys have the respect for girls and equally girls have the respect

:15:09. > :15:13.for boys. That is all we have time for. Thank you for joining us this

:15:14. > :15:27.evening. Stay with us on BBC News. Next is the Film Review.

:15:28. > :15:35.Hello and welcome to the Film Review. To talk the week in cinema,

:15:36. > :15:36.Mark