26/01/2014 The Papers


No need to wait to see what's in the papers - tune in for a lively and informed conversation about the next day's headlines.

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


tribute to a man killed during clashes with police in the capital


Kiev. Protests have continued to build around the country.


Hello and welcome to our look ahead to what the papers will be bringing


us tomorrow. With me are Mihir Bose from the London Evening Standard and


the pensions analyst Ros Altmann. Tomorrow's front pages, starting


with the Independent. It reports on what it calls the UK's regional


brain drain. The paper says huge numbers of young adults move to


London and never return home. The Daily Telegraph reports on a story


we've been covering, the attack by business leaders on Labour's planned


50p tax rise. The Metro claims England football fans are being


lured into a ?15 million scam involving the sale of World Cup


tickets. The front page of the Express says a revolutionary laser


treatment for arthritis has been discovered by scientists. The


Financial Times also examines the business world's response to


Labour's tax pledge. The Guardian claims that the


government accepted ?1,000 from a fraudster who was selling fake bomb


detectors. The Times reports that the government is planning an


overhaul of pensions which could see them increase by a third in value.


And The Daily Mail also reports on this story, saying pensioners could


be ?25 a week better off. Beginning with a story that has had


a lot of traction. Some of the papers were previewing Ed Balls'


speech on Friday night for their Saturday editions and we are now on


the Monday conditions and the story is still here. By Financial Times


reports it as businesses blast the 50p plan. Conservatives claimed the


proposal threatens recovery. We had a 50p tax rate before and it didn't


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


election. Ed Miliband has already said he will freeze energy prices if


he comes into power. This 50p tax is presumably the next step. Labour is


saying how they can manage the economy. Their problem is, in the


next election, how they will convince the electorate, having


mismanaged things last time, that they are competent to do it. Ed


Miliband is hoping that he can build. And at all is, that they care


for the common people, the people suffering. The story has been kept


on the front pages because we are now looking at the business leaders


are positive response. The Telegraph reports many business leaders have


written a letter, saying this is a terrible idea. But they would,


wouldn't they? It's more about politics. This is about playing to


the people, the vast majority, in this country. Most wouldn't go


anywhere near enough to pay a 50p tax rate. It's a sort of populist


measure, perhaps tapping into some of the discontent that there is


because the disparity between those who are middle incomes and those at


top has widened. There is an increase in inequality of income.


This is, if you like, a bit of political grandstanding. Lord


Prescott on Twitter said, it's amazing seeing all these people


earning over 50 K are against it. Does it require that politicians


need to explain more to people, why it 50p tax rate is not the cure?


They are just not explaining it well enough? Political parties fight


elections on making pledges which are headline news. The right tabloid


headline. They don't go into the details. It's only when they come to


power and you discover some of their policies don't work. For Labour,


it's very important to get the right headlines. But they are really


reaching out to the right people. At the moment, Labour is still not


crossing the 40% threshold in the polls. Although this won't raise


much money at all and it indeed may not raise any money, according to


some estimates I've seen, it does play to the politics. There are a


lot of people out there who are very angry that their pay has been cut or


frozen and pay at the top has soared. That, I think, is what


Labour is tapping into. And the anger increases when you have


austerity and people are facing cutbacks. They feel, why are the


rich getting away with it? Or why are the 3% who are likely to get


away with it, why are they getting away? But it won't really be the


measure we need to tackle the deficit. But it won't completely


destroyed a recovery. The other side of the claim might also be an little


bit dubious. But, from a political point of view, Labour won't be


wanting to alienating want to be alienating business. New Labour made


an enormous claim of saying we want is this, we want people to be


successful, we want people to own money because that brings more money


in for everybody. To a certain extent that's true. We have seen


recently in France, they introduced that 75p tax rate, a lot of


businesses just got up and left. The French people came here! That, I


think, is the risk. This rate is less money than leaving tax rates


where they are. But this isn't new Labour. Ed Miliband says new Labour


is over. They are obviously still reliant on large donors, who have


already come out and said they aren't happy with this. It will be


interesting to see how it works. I would much rather see either party


talking about merging tax and national insurance together and


having a low rate overall, rather than attacking one group or another


and having a political battle over top rate tax. That's to convert


catered an idea for politicians. -- to convert catered an idea. This


idea here of the loo of London attract the young talent from the


regions. -- lure of London. And, in many cases, they don't go home. We


have a boom in the south and it's sucking people in from all over the


country because this is where the jobs are. This is where the new jobs


are being created. The article explains that 80% of the new jobs


created over the past few years have been in London in the south-east. If


people who don't live down here have not got a job and they want to find


one, they are going to have a bit -- better chance if we move down here.


Once they establish themselves, they aren't always going to go back. We


need to develop the regions and we need the recovery to spill out to


some of the other areas. But once you move to the south-east, the


temptation is to stay because you think, if I move away, I won't be


able to come back. This report emphasises that London is the big


centre of our country and London has always been the big centre for a


number of years. And this austerity, these cuts that we've had,


recession, has further accelerated the process. And the other centres


haven't developed. I can't see another process in which the other


centres can develop. I don't think we will become like France or Italy


or the US, where we have four or five big cities. Is that because we


are too small a country? The distances are short. But if you look


at the media, 11 newspapers are all in London. The BBC has gone up to


Manchester. Breakfast is their! -- there. But regional papers are


closing. The Evening Standard is free in London. You can't imagine


that happening somewhere else. London has become a capital stake by


itself. Although the Metro is available in many places. It started


off in London but that's become a free paper that's gone everywhere.


When the Olympic Committee wanted to come, they said, if you present


London, we will come, not Manchester. We need the government.


This is a redistribution issue. We need investment in other areas and


the government is talking about that. Building investment outside of


London. Develop the other areas. Let's move on to talk about a


pensions story. Good thing you are here, Ros. Staying with the Times.


Pensions to rise by 30% in pensions revolution. That's their story. But


it comes with greater risk. Can you explain this? I would say this


headline is a bit misleading. The idea that just by changing the type


of pensions scheme you are in you can get 30% more, it depends on


investment markets and it depends on investments. And your pension during


the time you get that pension could vary according to performance? It's


trying to say that the government is now looking at, because we have a


pensions crisis and not enough people are putting in funds and


employers are closing schemes, and we find a less risky pension? Now,


employers take some of the risk without offering cast-iron


guarantees. This is what we are talking about. They have this kind


of model in Holland. The idea is that everybody puts money into the


pot. Those already retired take out what they think they can afford. The


risk with these pensions is that younger people may not get the same


as older people, even though they have put in the same amount.


Somebody on Twitter, appealing to you directly, please point out this


30% comes from a spreadsheet in -- and some dodgy assumptions. It does


depend very much on assumptions. It's a bit misleading. This is about


private pensions. It's about trying to invent a different type of


scheme. One of the big benefits of this one is joining lots of schemes


together. Like they do in Holland. Doesn't it reflect the fact that


final salary schemes aren't now affordable? And we don't have a


viable employers scheme any more. Basically, we haven't found a


formula. The younger people have always subsidised the older people


but you are saying this will accelerate or even further enquiries


that process. That would be one of the risks. The people who aren't in


favour of this type of scheme would say, what you are doing is getting


money in for -- from the younger generations. They put the money in


and yet you can't be sure that the pension would be there when they


retire. Equally, this kind of scheme does also allow you to cut the


pensions of people who are already pensioners. Our current system


doesn't do that. That would be a big change. And other pensions story in


The Daily Mail. Top up lifeline for women. Boost your pension by ?25 a


week. But this is only for people who are currently... Have reached


state pension age or we'll do so by April, 2016. -- will. This is the


state pension. You can do this with the private sector. This is what


will happen to the states. And you will get a particular sum of money


back. Whether people want to do that or not... If they have the money,


why would they want to put it in a pension? They would want to invest


it elsewhere. Having money in a pension pot is a good alternative to


having an annuity. We don't know how much they will charge you to buy the


extra pension. They say ?1 for every ?900. They are all estimates. We


have not seen the final figures. And buying any index-linked pension


depends on the age at which you buy it. If you are 70, it will be


cheaper than if you are 60. Let's get that to the Times. Boys need to


be taught how to treat girls. This is according to Mumsnet, who are a


large campaigning group these days, saying that sex education should be


compulsory at secondary schools to teach boys to respect the girls


because many boys are getting their idea of what sexual relationships


are like from online pornography. It seems that in schools there is no


form of sex education that is provided. It also says one in three


girls is groped or experiences some form of unwanted sexual touching at


school and that is a very sad and disturbing statistic. We would have


thought that we have come a long way in this country in properly teaching


people what sex education is and if we are not doing that, that is a


serious problem. In state schools, there is still sex education being


compulsory but in the new academies, where the governors of the schools


are in charge of the curriculum, they can choose what to include or


exclude and some are excluding it. We need to look at how to make sure


that boys have the respect for girls and equally girls have the respect


for boys. That is all we have time for. Thank you for joining us this


evening. Stay with us on BBC News. Next is the Film Review.


Hello and welcome to the Film Review. To talk the week in cinema,




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