:00:00. > :00:00.cricket team who are to become full-time professionals after heavy
:00:00. > :00:18.investment from the ECB. First, the papers. Hello and welcome to our
:00:19. > :00:21.look ahead to what the the papers will be bringing us tomorrow. With
:00:22. > :00:30.me are media commentator Neil Wallis and Emma Barnett, women's editor at
:00:31. > :00:34.The Daily Telegraph. Let's start tonight with the
:00:35. > :00:38.Independent. Its main picture is of Dave Lee Travis, cleared of 12
:00:39. > :00:43.counts of indecent assault today. The jury failed to reach a verdict
:00:44. > :00:46.on two further charges. The Telegraph has a warning that
:00:47. > :00:57.middle-class savers are being left thousands of pounds worse off
:00:58. > :01:00.because of a broken pension market. Returning to the floods crisis, the
:01:01. > :01:02.Financial Times has the headline "humble sandbag overwhelmed by
:01:03. > :01:05.deluge of flooding insults", quoting experts who've declared the sandbag
:01:06. > :01:13.an outdated and ineffective way to protect homes. And staying with the
:01:14. > :01:16.weather, The Guardian has a lead story written by Nicholas Stern, who
:01:17. > :01:19.of course wrote a major report on climate change, the Stern Report. He
:01:20. > :01:28.warns politicians that climate change is here now and could lead to
:01:29. > :01:31.global conflict. Police close in on theee suspects in the disappearance
:01:32. > :01:33.of Madeleine McCann with the line that British police have identified
:01:34. > :01:36.three burglars as prime suspects. That is according to the Daily
:01:37. > :01:42.Express. Plenty to discuss. We start with the Independent and the not
:01:43. > :01:47.guilty findings on most of the charges against Dave Lee Travis.
:01:48. > :01:52.Neil, this has dominated the headlines for a few weeks. Yes, and
:01:53. > :02:01.it will dominate most front pages tomorrow. It is a difficult moment,
:02:02. > :02:09.because there are charges still outstanding. But it puts the whole
:02:10. > :02:17.Operation Yewtree situation under a bit of a shadow. They spent ?3
:02:18. > :02:24.million so far, and I think a lot of people will have raised eyebrows and
:02:25. > :02:29.be very interested in this verdict in such a high-profile case. Indeed,
:02:30. > :02:32.and he said the trial by media was worse than the trial by Crown
:02:33. > :02:37.Court. There has been a huge amount of attention. It has come at the
:02:38. > :02:41.same time as other cases for Operation Yewtree, and these figures
:02:42. > :02:48.are celebrities. People know them and they therefore have more
:02:49. > :02:51.scrutiny. But the only thing we can say is that Operation Yewtree will
:02:52. > :02:57.be under even greater scrutiny. It is still very much a live case, and
:02:58. > :03:00.we don't know what will happen. ?3 million, people sat at home will be
:03:01. > :03:05.thinking, how could it have cost that much? As Bill Roache said, who
:03:06. > :03:10.was acquitted, there were no winners in that case. We will see what
:03:11. > :03:16.happens. Onto the main story in the Independent - Tories ditch pledged
:03:17. > :03:21.to let voters sack their MP. Why did you start with that? I find it
:03:22. > :03:24.extraordinary. This first came about that you would potentially be
:03:25. > :03:28.allowed to sack your MP after the expenses scandal. That was one of
:03:29. > :03:33.those moments where we thought, hang on a minute, we really need a
:03:34. > :03:37.greater claim over the people we select in our constituency to
:03:38. > :03:44.represent us. We need, if necessary, to be able to say, we don't want you
:03:45. > :03:49.any more. Now the prime minister has walked away from that lag, according
:03:50. > :03:53.to this report. I feel we are getting less and less democratic.
:03:54. > :03:57.According to the Independent, Nick Clegg did want to push this through.
:03:58. > :04:02.I think Cameron is on Giorgos Karagounis not to have proceeded
:04:03. > :04:06.with this. -- I think Cameron is bonkers not to have proceed with
:04:07. > :04:11.this. The bizarre thing is, he has had two recent the selections in
:04:12. > :04:17.this party, purely on the grounds of politics. The local party did not
:04:18. > :04:23.like the way their MP was going. This is designed for people caught
:04:24. > :04:27.up in what was the Daily Telegraph story about the expenses fiddling
:04:28. > :04:32.and with the MPs who have been sent to prison, why he should walk away
:04:33. > :04:36.from this, I find amazing, the titular Lee as it was a commitment
:04:37. > :04:42.in the manifesto. I think he should rethink and we should get it back.
:04:43. > :04:47.Let's move on to the Telegraph. Their top story is, savers cheated
:04:48. > :04:52.of best pensions. This is a competitor Rory about how they
:04:53. > :04:59.believe this to be true -- a complicated story. It is depressing
:05:00. > :05:06.to read if you are middle-class. The idea is that you are being ripped
:05:07. > :05:10.off by the annuity you get. The regulator says it will look at that,
:05:11. > :05:13.because people sign up to a plan and they never review it. They never get
:05:14. > :05:17.to go back and have a look, because they feel they can't change it, so
:05:18. > :05:22.they are missing out on money. People feel locked into things
:05:23. > :05:26.unnecessarily. I don't think anybody really understands their pension. I
:05:27. > :05:32.certainly can't even envision what it will be like to have some sort of
:05:33. > :05:39.pension pot. Might generation don't know about pensions. Well, my
:05:40. > :05:48.generation does. And this may seem special pleading, but I think this
:05:49. > :05:54.is an important story. It is one of those untold scandals of the City,
:05:55. > :06:02.because this report from the financial conduct authority reveals
:06:03. > :06:10.the scale of the weather pensions industry -- the way the pensions
:06:11. > :06:12.industry has been ripping off millions of forthcoming pensioners.
:06:13. > :06:18.There are some terrible statistics in this report. 80% of people who
:06:19. > :06:21.are buying annuities, which is what you have to do when you get to
:06:22. > :06:30.pension age if you have not got the state pension, 80% of them are being
:06:31. > :06:38.sold undervalued pensions. Another statistic - most people are getting
:06:39. > :06:42.7% less than they should. If you think of taking 7% out of your
:06:43. > :06:50.income, what an impact that would have. This is really significant,
:06:51. > :06:53.particularly at a time when savers and pensioners are being hit because
:06:54. > :06:57.of low interest rates. And of course, Labour and the Liberal
:06:58. > :07:01.Democrats have been talking about having a tax purge on pensioners as
:07:02. > :07:07.a way to save money in the next election. You accuse the industry of
:07:08. > :07:10.ripping people off. The chief executive of the regulator has said
:07:11. > :07:15.the need to get an income in Taman unites us all, but once you have
:07:16. > :07:19.bought an annuity, you can't change your mind. We need to understand why
:07:20. > :07:23.customers are not shopping around and switching. Part of this is that
:07:24. > :07:30.people save and then forget and ink there are advisers know best. And
:07:31. > :07:34.also, you will not be surprised to hear that I have read every word of
:07:35. > :07:38.this, this report suggests that we get bamboozled by the jargon. Our
:07:39. > :07:42.heads are in it in about what we should and should not do, and what
:07:43. > :07:48.it really needs is exactly what they are talking about, a thorough look
:07:49. > :07:53.at the situation to give a better deal to pensioners. But people rely
:07:54. > :07:58.upon their brokers and intermediaries to inform them. But
:07:59. > :08:03.with the banks, we discovered we could not rely on them. Those people
:08:04. > :08:09.are not to be trusted, so it will be interesting to see if people read
:08:10. > :08:14.the small print. Onto the Scottish edition of the Daily Telegraph. They
:08:15. > :08:21.have a different headline - Scotland will not keep the pound. It is rare
:08:22. > :08:26.that the Tories, Lib Dems and Labour should all come together and unite
:08:27. > :08:31.and announce something like that. This has put a new slant on the
:08:32. > :08:34.referendum debate. Alex Salmond has been talking about the fact that
:08:35. > :08:40.everything will be OK for Scottish voters. They will still be able to
:08:41. > :08:44.have the pound. This is his rhetoric. Now it has been announced
:08:45. > :08:48.that they will not have the pound if they go ahead. There will not be a
:08:49. > :08:54.credit union. And he has yet to say what plan B is. People on his side
:08:55. > :08:57.are saying, we are being bullied. We don't want to accept the debt or the
:08:58. > :09:02.costs, but we still want the pound. You can't have it both ways. They
:09:03. > :09:07.have suggested that there is no plan B and at the London government will
:09:08. > :09:16.changes mind if they do vote for independence. That appears to be his
:09:17. > :09:21.plan B. It is not a good plan B. It is self evident, I would argue, that
:09:22. > :09:29.the EU would not allow it to happen anyway. The idea that Scotland could
:09:30. > :09:34.just go and join the euro, what with the rest of Europe say about that?
:09:35. > :09:38.It is like the Basque country wanting to secede from Spain. So
:09:39. > :09:41.they would be allowed to join the euro? You think the French and
:09:42. > :09:50.Spanish would allow that? This is a mess. Interestingly, the most senior
:09:51. > :09:56.civil servant at the Treasury has given an independent report on
:09:57. > :10:06.this, supporting what the three party figures have said. He has said
:10:07. > :10:12.it is not workable. But it is true, isn't it, that if Scotland had a
:10:13. > :10:18.separate currency, then all of the business is doing trade would be
:10:19. > :10:22.worse off. But who underwrites it? They need access to debt, if they do
:10:23. > :10:25.not have access to debt... It is hilarious that they want to go off
:10:26. > :10:31.separately, but the first thing they want to do is to create a union with
:10:32. > :10:34.us again over the pound. He is an economist, he knows this is not
:10:35. > :10:41.going to be OK. That is why he has got to say, here's hoping they do
:10:42. > :10:46.not mean it. Actually, I would like to have a vote on Scotland! Moving
:10:47. > :10:52.on to the Financial Times, and of course, one word which has been used
:10:53. > :10:54.perhaps more than any other in the last week is sandbagged. But there
:10:55. > :10:58.is a suggestion in the Financial Times by the environment
:10:59. > :11:04.correspondent that it is, well, out of date and overwhelmed. This comes
:11:05. > :11:13.from the chairwoman of the Flood Protection Association, who says she
:11:14. > :11:18.wants to ban the sandbag, because they do nothing but filter water,
:11:19. > :11:21.she says. This Devon company says, all you see on the news is people
:11:22. > :11:25.saying they need more sandbags, but I think all they do is keep people
:11:26. > :11:38.warm while they watch their houses flood. What is the watery version
:11:39. > :11:42.of, when you are in a hole, stop digging? This lady from the
:11:43. > :11:52.wonderfully named Flood Protection Association, says that rather than
:11:53. > :11:56.use sandbags, they should be using is the show, metal screens, which
:11:57. > :12:03.are much more effective, they fit over doors, covering valves... Where
:12:04. > :12:09.is this stuff? I do not know where it is. It is not on the Somerset
:12:10. > :12:13.Levels, it is not in Staines and it is not in Datchet. I think the
:12:14. > :12:21.valves for the toilets is a good idea, because that has been a major
:12:22. > :12:25.problem. I am quite surprised this lady is putting her head above the
:12:26. > :12:29.parapet, or above the water, because none of this stuff is there. I think
:12:30. > :12:33.the whole point is, it is normally a temporary solution. Thank you for
:12:34. > :12:43.that analysis of the sandbags. We will be back later. We will have an
:12:44. > :12:53.update on the newspapers at half past 11. Also, we will be live in
:12:54. > :12:57.Wythenshawe, where the polls have closed to choose a local MP. Coming
:12:58. > :13:20.up next, Sportsday. Good evening and welcome to
:13:21. > :13:24.Sportsday. Despite finishing in second place, British speed stake at
:13:25. > :13:25.a lease Chris Day is disco vibe from the 500 metres short track