13/02/2014 The Papers


13/02/2014

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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cricket team who are to become full-time professionals after heavy

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investment from the ECB. First, the papers. Hello and welcome to our

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look ahead to what the the papers will be bringing us tomorrow. With

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me are media commentator Neil Wallis and Emma Barnett, women's editor at

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The Daily Telegraph. Let's start tonight with the

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Independent. Its main picture is of Dave Lee Travis, cleared of 12

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counts of indecent assault today. The jury failed to reach a verdict

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on two further charges. The Telegraph has a warning that

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middle-class savers are being left thousands of pounds worse off

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because of a broken pension market. Returning to the floods crisis, the

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Financial Times has the headline "humble sandbag overwhelmed by

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deluge of flooding insults", quoting experts who've declared the sandbag

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an outdated and ineffective way to protect homes. And staying with the

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weather, The Guardian has a lead story written by Nicholas Stern, who

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of course wrote a major report on climate change, the Stern Report. He

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warns politicians that climate change is here now and could lead to

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global conflict. Police close in on theee suspects in the disappearance

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of Madeleine McCann with the line that British police have identified

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three burglars as prime suspects. That is according to the Daily

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Express. Plenty to discuss. We start with the Independent and the not

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guilty findings on most of the charges against Dave Lee Travis.

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Neil, this has dominated the headlines for a few weeks. Yes, and

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it will dominate most front pages tomorrow. It is a difficult moment,

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because there are charges still outstanding. But it puts the whole

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Operation Yewtree situation under a bit of a shadow. They spent ?3

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million so far, and I think a lot of people will have raised eyebrows and

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be very interested in this verdict in such a high-profile case. Indeed,

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and he said the trial by media was worse than the trial by Crown

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Court. There has been a huge amount of attention. It has come at the

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same time as other cases for Operation Yewtree, and these figures

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are celebrities. People know them and they therefore have more

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scrutiny. But the only thing we can say is that Operation Yewtree will

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be under even greater scrutiny. It is still very much a live case, and

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we don't know what will happen. ?3 million, people sat at home will be

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thinking, how could it have cost that much? As Bill Roache said, who

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was acquitted, there were no winners in that case. We will see what

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happens. Onto the main story in the Independent - Tories ditch pledged

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to let voters sack their MP. Why did you start with that? I find it

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extraordinary. This first came about that you would potentially be

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allowed to sack your MP after the expenses scandal. That was one of

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those moments where we thought, hang on a minute, we really need a

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greater claim over the people we select in our constituency to

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represent us. We need, if necessary, to be able to say, we don't want you

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any more. Now the prime minister has walked away from that lag, according

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to this report. I feel we are getting less and less democratic.

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According to the Independent, Nick Clegg did want to push this through.

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I think Cameron is on Giorgos Karagounis not to have proceeded

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with this. -- I think Cameron is bonkers not to have proceed with

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this. The bizarre thing is, he has had two recent the selections in

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this party, purely on the grounds of politics. The local party did not

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like the way their MP was going. This is designed for people caught

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up in what was the Daily Telegraph story about the expenses fiddling

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and with the MPs who have been sent to prison, why he should walk away

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from this, I find amazing, the titular Lee as it was a commitment

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in the manifesto. I think he should rethink and we should get it back.

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Let's move on to the Telegraph. Their top story is, savers cheated

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of best pensions. This is a competitor Rory about how they

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believe this to be true -- a complicated story. It is depressing

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to read if you are middle-class. The idea is that you are being ripped

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off by the annuity you get. The regulator says it will look at that,

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because people sign up to a plan and they never review it. They never get

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to go back and have a look, because they feel they can't change it, so

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they are missing out on money. People feel locked into things

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unnecessarily. I don't think anybody really understands their pension. I

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certainly can't even envision what it will be like to have some sort of

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pension pot. Might generation don't know about pensions. Well, my

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generation does. And this may seem special pleading, but I think this

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is an important story. It is one of those untold scandals of the City,

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because this report from the financial conduct authority reveals

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the scale of the weather pensions industry -- the way the pensions

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industry has been ripping off millions of forthcoming pensioners.

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There are some terrible statistics in this report. 80% of people who

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are buying annuities, which is what you have to do when you get to

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pension age if you have not got the state pension, 80% of them are being

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sold undervalued pensions. Another statistic - most people are getting

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7% less than they should. If you think of taking 7% out of your

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income, what an impact that would have. This is really significant,

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particularly at a time when savers and pensioners are being hit because

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of low interest rates. And of course, Labour and the Liberal

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Democrats have been talking about having a tax purge on pensioners as

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a way to save money in the next election. You accuse the industry of

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ripping people off. The chief executive of the regulator has said

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the need to get an income in Taman unites us all, but once you have

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bought an annuity, you can't change your mind. We need to understand why

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customers are not shopping around and switching. Part of this is that

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people save and then forget and ink there are advisers know best. And

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also, you will not be surprised to hear that I have read every word of

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this, this report suggests that we get bamboozled by the jargon. Our

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heads are in it in about what we should and should not do, and what

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it really needs is exactly what they are talking about, a thorough look

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at the situation to give a better deal to pensioners. But people rely

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upon their brokers and intermediaries to inform them. But

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with the banks, we discovered we could not rely on them. Those people

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are not to be trusted, so it will be interesting to see if people read

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the small print. Onto the Scottish edition of the Daily Telegraph. They

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have a different headline - Scotland will not keep the pound. It is rare

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that the Tories, Lib Dems and Labour should all come together and unite

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and announce something like that. This has put a new slant on the

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referendum debate. Alex Salmond has been talking about the fact that

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everything will be OK for Scottish voters. They will still be able to

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have the pound. This is his rhetoric. Now it has been announced

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that they will not have the pound if they go ahead. There will not be a

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credit union. And he has yet to say what plan B is. People on his side

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are saying, we are being bullied. We don't want to accept the debt or the

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costs, but we still want the pound. You can't have it both ways. They

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have suggested that there is no plan B and at the London government will

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changes mind if they do vote for independence. That appears to be his

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plan B. It is not a good plan B. It is self evident, I would argue, that

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the EU would not allow it to happen anyway. The idea that Scotland could

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just go and join the euro, what with the rest of Europe say about that?

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It is like the Basque country wanting to secede from Spain. So

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they would be allowed to join the euro? You think the French and

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Spanish would allow that? This is a mess. Interestingly, the most senior

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civil servant at the Treasury has given an independent report on

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this, supporting what the three party figures have said. He has said

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it is not workable. But it is true, isn't it, that if Scotland had a

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separate currency, then all of the business is doing trade would be

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worse off. But who underwrites it? They need access to debt, if they do

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not have access to debt... It is hilarious that they want to go off

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separately, but the first thing they want to do is to create a union with

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us again over the pound. He is an economist, he knows this is not

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going to be OK. That is why he has got to say, here's hoping they do

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not mean it. Actually, I would like to have a vote on Scotland! Moving

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on to the Financial Times, and of course, one word which has been used

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perhaps more than any other in the last week is sandbagged. But there

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is a suggestion in the Financial Times by the environment

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correspondent that it is, well, out of date and overwhelmed. This comes

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from the chairwoman of the Flood Protection Association, who says she

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wants to ban the sandbag, because they do nothing but filter water,

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she says. This Devon company says, all you see on the news is people

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saying they need more sandbags, but I think all they do is keep people

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warm while they watch their houses flood. What is the watery version

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of, when you are in a hole, stop digging? This lady from the

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wonderfully named Flood Protection Association, says that rather than

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use sandbags, they should be using is the show, metal screens, which

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are much more effective, they fit over doors, covering valves... Where

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is this stuff? I do not know where it is. It is not on the Somerset

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Levels, it is not in Staines and it is not in Datchet. I think the

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valves for the toilets is a good idea, because that has been a major

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problem. I am quite surprised this lady is putting her head above the

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parapet, or above the water, because none of this stuff is there. I think

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the whole point is, it is normally a temporary solution. Thank you for

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that analysis of the sandbags. We will be back later. We will have an

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update on the newspapers at half past 11. Also, we will be live in

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Wythenshawe, where the polls have closed to choose a local MP. Coming

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up next, Sportsday. Good evening and welcome to

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Sportsday. Despite finishing in second place, British speed stake at

:13:21.:13:24.

a lease Chris Day is disco vibe from the 500 metres short track

:13:25.:13:25.

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