27/01/2014 The Papers


27/01/2014

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

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That is coming up in Sportsday, in 15 minutes, after the papers.

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

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bringing us tomorrow. With me are Angela Knight, Chief executive of

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Energy UK, the body which represents energy companies and John Rentoul,

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columnist for the Independent on Sunday. Let's have a look at some of

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the front pages now. We are going to start with the Independent showing

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the former journalist Dan Evans who has been giving evidence in the

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phone hacking trial, but its main story is on the election forms of

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the Liberal Democrats, who the paper claims plan attacks raid on the

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rich. Diabetes could be cured within a generation according to a medical

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expert in the Daily Express. The Daily Telegraph reports that the

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economy is growing at its fastest pace since the financial crisis

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first struck seven years ago. The photograph is to do with the phone

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hacking trial and shows Jude Law with his then girlfriend Sienna

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Miller. The Metro chooses revelations from the phone hacking

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trial about Jude Law for its front as well. The Financial Times leads

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on news from RBS bank - that it faces an ?8 billion loss. The

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Guardian carries more revelations from the whistle-blower Edward

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Snowden that the UK and US spy agencies have been looking at ways

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to extract personal information about individuals from their

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smartphone apps. We are going to start with the phone hacking trial,

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the Independent has a picture of David Evans, Dan Evans rather,

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former journalist, who has been speaking today. That's right, he has

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been giving evidence that he boasted about his skill at phone hacking to

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Andy Coulson, the editor of the News of the World at the time, and was

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hired on the basis of those skills, which is not encouraging news for

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Andy Coulson who has previously said he knew nothing of what was going

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on, but we have yet to hear from Andy Coulson himself as to his

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defence, and Rebekah Brooks likewise. They are coming up soon I

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think. Indeed, we are looking at the end of the prosecution case over the

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next few days with Dan Evans, he will probably be in the witness box

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again tomorrow, but Jude Law also appear today. That's right, and Jude

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Law has apparently just found out that one member of his family was

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telling stories -- selling stories about him. It must be awful when you

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find out in your private life that somebody close to you has been

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saying this, your family is one that you trust to support you, so that is

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a nasty thing. In fact he found out today in the dock, a piece of paper

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was passed to him with the name of the family member on it. It makes it

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almost worse, how awful. Let's stick with the Independent, and Lib Dems

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declare war on the rich, the manifesto for 2015. It seems

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everyone is declaring war on the rich, and we may not have any! We

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actually need some people who are wealthy, who contribute in the UK

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and are paying their taxes here. I superficially think, yes, ?2 billion

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per year, they can pay more, and if you then on picket and have a think

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about it, a lot of these houses will have been bought along time ago

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before we had the big house price rises that we have had. That's the

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first thing. Secondly a lot of them will have retired now, so you are

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saying to these people, OK, you've made money on your house but at the

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same time you paid tax all your life, you are now on a pension and

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somehow you have got to pay some more. It doesn't look right to me at

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all. It is 2 million, isn't it? I beg your pardon, I said two billion

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and I meant 2 million. Howling people have had houses that have

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gone up over 2 million? Who says this is the last decade? In London

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particularly is where you have got a lot of high-priced houses and in the

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rest of the country I agree it looks very different, but I think there is

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a principle here. How many times do we tax people? We tax them on their

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income, their savings, they have paid their mortgage, their house

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value has gone up, then tax them again. John? John will not agree

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with me. I think there is a principle here that in times of

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austerity the burden has got to be shared fairly, and Labour want to do

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it by putting the top rate of tax up to 50p. The Lib Dems need something

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to offset that. This is the Liberal Democrats splitting the difference

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as ever. That is a valid point that times are difficult, everybody has

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got to pay something, and the more you earn the more you pay. An

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interesting statistic at the weekend said the top 1% earners pay 30% of

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the tax. We need them here to pay the tax and all of this business

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about war on new simply because you are already paying a lot of tax

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because, OK, you earning it but you are not paying it, it doesn't look

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right. We heard Digby Jones saying that Ed Balls' suggestion about

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raising the top rate of tax to 50p in the pound was bad economics. Is

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this the same? There is an opinion poll in the Independent tomorrow

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which has the Labour lead down to one point. The 50p rate of tax which

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was dominating the news at the weekend, either people have not

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noticed it or they are moved by it. A lot of these apparently popular

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policies that sound right and sound like you will get tough on a section

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of society, they get the cheer at the moment they are said and then

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people go away and think about how realistic it is, what the

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consequences will be, and if it is just a sound bite. I worry about

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signed by -- about sound bites that are worrying for investors. I am

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totally neutral in this discussion, on either side of this. Let's move

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on to the Daily Telegraph, the economy is moving at its fastest

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pace since the crash apparently. This is where I think politics is

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starting to shift under our feet. I don't know if this opinion poll is a

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one-off, but if the economy starts to grow fast this year I think

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politics will start looking very different, and this newspaper seems

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to have advance indication about what is in the GDP figures published

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tomorrow. They say it will be 0.8% which takes growth last year to

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1.9%. It doesn't sound like a huge amount but it suggests the economy

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is growing faster than expected. I think it is a good news story. You

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are right, John. Look at the number of jobs. The huge increase in the

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number of people in employment, and this is a positive. There is not

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that many countries that have managed to do this, to start to grow

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their economies, and as good as that. The estimate the IMF has had

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to make, they are the ones with egg on their faces. Not so long ago they

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said, no, you cannot do what you are doing in the UK, you will kill your

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economy, and now they have had to revise their growth figures. It has

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taken everyone by surprise really. The Bank of England didn't have a

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clue either, never mind the IMF. The thing that has been surprising about

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this recovery is just how well the job numbers have gone. The

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expectation that unemployment would be much higher than it was and much

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slower to recovery has been proven to be wrong. Thanks to 13 years of

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the Labour government giving us a flexible labour market. You have got

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your tongue in your cheek! He has not! Absolutely serious. The

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Conservatives are going to gain the benefit of this. It could well be

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the case. They have taken the difficult decisions. The Liberal

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Democrats as well. The Queen is broke, down to her last million.

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Yes, I am a great wireless. When one gets into the story, there appears

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to be some real difficulty. That is the headline. What is it? It is

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quite apparent that is a problem in a number of buildings in terms of

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the maintenance. The story is more about their household needing to

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look at the proper maintenance of the palaces. The important thing is

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not that the Queen lives in them, they are a great tourist attraction.

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When you have got quite such a history that they have got in this

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country, a fabulous history tied up in so many of these places, and the

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royalty that people like around the world, the finance is looked after

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properly... This story concerns you, you are worried about the finances!

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I am not! He has moved to another paper! It is on the front of the

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Daily Mail, they are even more royalist and Angela, they are

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concerned about the crumbling of Buckingham Palace and Windsor

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Castle, it is all going to pieces! You do not want to say any more! The

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republican on my left! He wants to move on! The Financial Times, RBS

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faces an 8 billion loss. Come to me on this story! Angela knows about

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it! Angela has said a lot! I am worried, I am not going to get my

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money back as a taxpayer. This is my bank. It looks unlikely we will get

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our money back. When Gordon Brown nationalised banks, I was fairly

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sanguine that we would get our money back eventually, but we keep on

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finding more problems coming out of the woodwork. That is a bit

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alarming. I do not understand the small print. We have invested ?46

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billion in this bank, we are still allowed the share price when we

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bought it. We are not going to get our money back. Not for some time. I

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have got nothing to add. There is a whole load of detail here, there are

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more losses, you wonder, how come we still see new provisions and legal

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cost issues and capital issues? It seems to go on and on. On that

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depressing note, you will join us again in and our, to look at some of

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the stories. Now, it is time for Sportsday.

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Hello, welcome. Here is what is coming up.

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Juan Mata is the man, he meets the world's media following his ?37.1

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million move from

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