27/01/2014

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:00:00. > :00:00.perhaps the greatest try ever scored that happened 41 years ago today.

:00:00. > :00:16.That is coming up in Sportsday, in 15 minutes, after the papers.

:00:17. > :00:26.Hello and welcome to our look ahead to what the the papers will be

:00:27. > :00:29.bringing us tomorrow. With me are Angela Knight, Chief executive of

:00:30. > :00:31.Energy UK, the body which represents energy companies and John Rentoul,

:00:32. > :00:36.columnist for the Independent on Sunday. Let's have a look at some of

:00:37. > :00:41.the front pages now. We are going to start with the Independent showing

:00:42. > :00:44.the former journalist Dan Evans who has been giving evidence in the

:00:45. > :00:50.phone hacking trial, but its main story is on the election forms of

:00:51. > :00:55.the Liberal Democrats, who the paper claims plan attacks raid on the

:00:56. > :01:00.rich. Diabetes could be cured within a generation according to a medical

:01:01. > :01:03.expert in the Daily Express. The Daily Telegraph reports that the

:01:04. > :01:05.economy is growing at its fastest pace since the financial crisis

:01:06. > :01:09.first struck seven years ago. The photograph is to do with the phone

:01:10. > :01:14.hacking trial and shows Jude Law with his then girlfriend Sienna

:01:15. > :01:17.Miller. The Metro chooses revelations from the phone hacking

:01:18. > :01:26.trial about Jude Law for its front as well. The Financial Times leads

:01:27. > :01:35.on news from RBS bank - that it faces an ?8 billion loss. The

:01:36. > :01:38.Guardian carries more revelations from the whistle-blower Edward

:01:39. > :01:40.Snowden that the UK and US spy agencies have been looking at ways

:01:41. > :01:42.to extract personal information about individuals from their

:01:43. > :01:47.smartphone apps. We are going to start with the phone hacking trial,

:01:48. > :01:56.the Independent has a picture of David Evans, Dan Evans rather,

:01:57. > :02:01.former journalist, who has been speaking today. That's right, he has

:02:02. > :02:08.been giving evidence that he boasted about his skill at phone hacking to

:02:09. > :02:13.Andy Coulson, the editor of the News of the World at the time, and was

:02:14. > :02:17.hired on the basis of those skills, which is not encouraging news for

:02:18. > :02:23.Andy Coulson who has previously said he knew nothing of what was going

:02:24. > :02:29.on, but we have yet to hear from Andy Coulson himself as to his

:02:30. > :02:35.defence, and Rebekah Brooks likewise. They are coming up soon I

:02:36. > :02:39.think. Indeed, we are looking at the end of the prosecution case over the

:02:40. > :02:44.next few days with Dan Evans, he will probably be in the witness box

:02:45. > :02:50.again tomorrow, but Jude Law also appear today. That's right, and Jude

:02:51. > :02:56.Law has apparently just found out that one member of his family was

:02:57. > :03:03.telling stories -- selling stories about him. It must be awful when you

:03:04. > :03:09.find out in your private life that somebody close to you has been

:03:10. > :03:16.saying this, your family is one that you trust to support you, so that is

:03:17. > :03:21.a nasty thing. In fact he found out today in the dock, a piece of paper

:03:22. > :03:29.was passed to him with the name of the family member on it. It makes it

:03:30. > :03:36.almost worse, how awful. Let's stick with the Independent, and Lib Dems

:03:37. > :03:47.declare war on the rich, the manifesto for 2015. It seems

:03:48. > :03:55.everyone is declaring war on the rich, and we may not have any! We

:03:56. > :04:00.actually need some people who are wealthy, who contribute in the UK

:04:01. > :04:08.and are paying their taxes here. I superficially think, yes, ?2 billion

:04:09. > :04:13.per year, they can pay more, and if you then on picket and have a think

:04:14. > :04:19.about it, a lot of these houses will have been bought along time ago

:04:20. > :04:25.before we had the big house price rises that we have had. That's the

:04:26. > :04:30.first thing. Secondly a lot of them will have retired now, so you are

:04:31. > :04:35.saying to these people, OK, you've made money on your house but at the

:04:36. > :04:39.same time you paid tax all your life, you are now on a pension and

:04:40. > :04:48.somehow you have got to pay some more. It doesn't look right to me at

:04:49. > :04:54.all. It is 2 million, isn't it? I beg your pardon, I said two billion

:04:55. > :05:04.and I meant 2 million. Howling people have had houses that have

:05:05. > :05:09.gone up over 2 million? Who says this is the last decade? In London

:05:10. > :05:13.particularly is where you have got a lot of high-priced houses and in the

:05:14. > :05:18.rest of the country I agree it looks very different, but I think there is

:05:19. > :05:25.a principle here. How many times do we tax people? We tax them on their

:05:26. > :05:29.income, their savings, they have paid their mortgage, their house

:05:30. > :05:38.value has gone up, then tax them again. John? John will not agree

:05:39. > :05:43.with me. I think there is a principle here that in times of

:05:44. > :05:48.austerity the burden has got to be shared fairly, and Labour want to do

:05:49. > :05:56.it by putting the top rate of tax up to 50p. The Lib Dems need something

:05:57. > :06:02.to offset that. This is the Liberal Democrats splitting the difference

:06:03. > :06:06.as ever. That is a valid point that times are difficult, everybody has

:06:07. > :06:11.got to pay something, and the more you earn the more you pay. An

:06:12. > :06:17.interesting statistic at the weekend said the top 1% earners pay 30% of

:06:18. > :06:21.the tax. We need them here to pay the tax and all of this business

:06:22. > :06:27.about war on new simply because you are already paying a lot of tax

:06:28. > :06:33.because, OK, you earning it but you are not paying it, it doesn't look

:06:34. > :06:39.right. We heard Digby Jones saying that Ed Balls' suggestion about

:06:40. > :06:47.raising the top rate of tax to 50p in the pound was bad economics. Is

:06:48. > :06:51.this the same? There is an opinion poll in the Independent tomorrow

:06:52. > :06:57.which has the Labour lead down to one point. The 50p rate of tax which

:06:58. > :07:02.was dominating the news at the weekend, either people have not

:07:03. > :07:07.noticed it or they are moved by it. A lot of these apparently popular

:07:08. > :07:12.policies that sound right and sound like you will get tough on a section

:07:13. > :07:17.of society, they get the cheer at the moment they are said and then

:07:18. > :07:22.people go away and think about how realistic it is, what the

:07:23. > :07:36.consequences will be, and if it is just a sound bite. I worry about

:07:37. > :07:42.signed by -- about sound bites that are worrying for investors. I am

:07:43. > :07:48.totally neutral in this discussion, on either side of this. Let's move

:07:49. > :07:53.on to the Daily Telegraph, the economy is moving at its fastest

:07:54. > :07:57.pace since the crash apparently. This is where I think politics is

:07:58. > :08:04.starting to shift under our feet. I don't know if this opinion poll is a

:08:05. > :08:07.one-off, but if the economy starts to grow fast this year I think

:08:08. > :08:12.politics will start looking very different, and this newspaper seems

:08:13. > :08:19.to have advance indication about what is in the GDP figures published

:08:20. > :08:24.tomorrow. They say it will be 0.8% which takes growth last year to

:08:25. > :08:29.1.9%. It doesn't sound like a huge amount but it suggests the economy

:08:30. > :08:37.is growing faster than expected. I think it is a good news story. You

:08:38. > :08:44.are right, John. Look at the number of jobs. The huge increase in the

:08:45. > :08:48.number of people in employment, and this is a positive. There is not

:08:49. > :08:54.that many countries that have managed to do this, to start to grow

:08:55. > :08:59.their economies, and as good as that. The estimate the IMF has had

:09:00. > :09:05.to make, they are the ones with egg on their faces. Not so long ago they

:09:06. > :09:10.said, no, you cannot do what you are doing in the UK, you will kill your

:09:11. > :09:15.economy, and now they have had to revise their growth figures. It has

:09:16. > :09:22.taken everyone by surprise really. The Bank of England didn't have a

:09:23. > :09:27.clue either, never mind the IMF. The thing that has been surprising about

:09:28. > :09:29.this recovery is just how well the job numbers have gone. The

:09:30. > :09:34.expectation that unemployment would be much higher than it was and much

:09:35. > :09:42.slower to recovery has been proven to be wrong. Thanks to 13 years of

:09:43. > :09:47.the Labour government giving us a flexible labour market. You have got

:09:48. > :09:53.your tongue in your cheek! He has not! Absolutely serious. The

:09:54. > :09:59.Conservatives are going to gain the benefit of this. It could well be

:10:00. > :10:05.the case. They have taken the difficult decisions. The Liberal

:10:06. > :10:11.Democrats as well. The Queen is broke, down to her last million.

:10:12. > :10:16.Yes, I am a great wireless. When one gets into the story, there appears

:10:17. > :10:24.to be some real difficulty. That is the headline. What is it? It is

:10:25. > :10:29.quite apparent that is a problem in a number of buildings in terms of

:10:30. > :10:33.the maintenance. The story is more about their household needing to

:10:34. > :10:39.look at the proper maintenance of the palaces. The important thing is

:10:40. > :10:45.not that the Queen lives in them, they are a great tourist attraction.

:10:46. > :10:49.When you have got quite such a history that they have got in this

:10:50. > :10:55.country, a fabulous history tied up in so many of these places, and the

:10:56. > :11:01.royalty that people like around the world, the finance is looked after

:11:02. > :11:09.properly... This story concerns you, you are worried about the finances!

:11:10. > :11:15.I am not! He has moved to another paper! It is on the front of the

:11:16. > :11:19.Daily Mail, they are even more royalist and Angela, they are

:11:20. > :11:26.concerned about the crumbling of Buckingham Palace and Windsor

:11:27. > :11:33.Castle, it is all going to pieces! You do not want to say any more! The

:11:34. > :11:45.republican on my left! He wants to move on! The Financial Times, RBS

:11:46. > :11:52.faces an 8 billion loss. Come to me on this story! Angela knows about

:11:53. > :11:58.it! Angela has said a lot! I am worried, I am not going to get my

:11:59. > :12:04.money back as a taxpayer. This is my bank. It looks unlikely we will get

:12:05. > :12:13.our money back. When Gordon Brown nationalised banks, I was fairly

:12:14. > :12:17.sanguine that we would get our money back eventually, but we keep on

:12:18. > :12:22.finding more problems coming out of the woodwork. That is a bit

:12:23. > :12:28.alarming. I do not understand the small print. We have invested ?46

:12:29. > :12:33.billion in this bank, we are still allowed the share price when we

:12:34. > :12:41.bought it. We are not going to get our money back. Not for some time. I

:12:42. > :12:47.have got nothing to add. There is a whole load of detail here, there are

:12:48. > :12:53.more losses, you wonder, how come we still see new provisions and legal

:12:54. > :12:59.cost issues and capital issues? It seems to go on and on. On that

:13:00. > :13:05.depressing note, you will join us again in and our, to look at some of

:13:06. > :13:21.the stories. Now, it is time for Sportsday.

:13:22. > :13:30.Hello, welcome. Here is what is coming up.

:13:31. > :13:33.Juan Mata is the man, he meets the world's media following his ?37.1

:13:34. > :13:34.million move from