24/02/2014 The Papers


24/02/2014

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. Presented by Clive Myrie.


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Transcript


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England will be without their number eight for the rest of the Six

:00:00.:00:09.

Nations because of injury. That is after the papers.

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

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us tomorrow. With me are Dame Joan Bakewell and The Times columnist,

:00:22.:00:29.

Hugo Rifkind. We are going to start with the Metro, that claims HSBC has

:00:30.:00:35.

awarded its boss and ?8 million pay package in an attempt to get round

:00:36.:00:41.

the cap on bankers' bonuses. The Guardian gives more detail on that

:00:42.:00:48.

story, saying the bankers will get a ?32,000 per week bonus. The express

:00:49.:00:52.

is leading with a health story that the new pill could save millions of

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people from developing type two diabetes. The Daily Telegraph has

:01:00.:01:02.

learned that David Cameron wants to make a manifesto pledge not to sign

:01:03.:01:06.

a second power-sharing agreement even if they fall short of a Commons

:01:07.:01:11.

majority at the next election. The daily Star has a pun in reference to

:01:12.:01:24.

Piers Morgan, whose Cheryl has been axed. The Daily Mirror leading with

:01:25.:01:38.

the story that the Queen and Prince Charles cash in on housing benefits.

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No manifesto after the next election, one assumes the

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Conservatives have polled to an inch of their lives on this. For a

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fleeting moment I assumed even David Cameron was assuming there would be

:01:56.:01:59.

a Labour majority. We know he is worried, he watches the opinion

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polls and he takes measure of what the public are saying and he is

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frightened of UKIP and clearly frightened of the Labour pitch so it

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is a very strange move that he should do this because if he is

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promising there will be no coalition and there is a hung parliament, does

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that mean he will just not negotiate? It is a very strange

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hostage to fortune. Is he perhaps being clever? The polls suggest the

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public don't want another coalition. Nobody votes for

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coalition, on -- unless you vote for Lib Dem, I suppose you do. The idea

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of entering this election saying it is a clear choice, you can see how

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that might concentrate the minds of the tiny percentage of people who

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vote UKIP, if not necessarily anybody else, but the really

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confusing thing is that this is a new world and we now have fixed term

:03:03.:03:08.

parliaments. Nobody is quite sure how they work. In the past, we had

:03:09.:03:15.

minority government and it fell and if it lost the vote it was

:03:16.:03:30.

replaced. Now, what happens? I thought it was very ill thought

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through, this fixed term parliaments. Given the fact he has

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so many more months ago, he is making promises that don't really

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mean anything. How can you promise there won't be a coalition? It is

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not inconceivable a minority government could fall and be

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replaced by a coalition of the other two parties without an election even

:03:53.:03:58.

happening. A coalition of UKIP and the Lib Dems, how about that! We

:03:59.:04:03.

have seen demonstrably the Liberal Democrats and Labour 's darting to

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cosy up to each other, preparing the ground for a possible coalition. Is

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he trying to distinguish the Conservatives from the other two in

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that regard? I guess he is saying if you are going to vote Liberal

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Democrat, which is a strange place to start because nobody is, don't

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think you will get a tempo down version of the current government,

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what you will get is Prime Minister Ed Miliband. The Coalition has put a

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lot of checks on Tory policies and they have not been able to carry

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them through which has irritated the backbenchers. David Cameron is

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appeasing these people, those people, the people in the north, he

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doesn't know where he is. I think he is confused and worried. Is he also

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saying the current relationship hasn't worked? He didn't have an

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option. The backbenchers are saying he could have ruled as a minority

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government and that is the point. How long would a minority government

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last? Who knows? The thing is that it doesn't... I mean they have done

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quite a lot, this Government. The Tories may have not done everything

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they meant to but there have been a lot of changes, a lot of deficit

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reduction, it has happened so I don't think he can be that unhappy

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with how it has panned out. It is the fixed term parliament business,

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they have a whole year of election campaigning now. He has very

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ungrateful backbenchers. They wanted it to go further and further and the

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more he concedes, the more they demand so it is a sign of weakness

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in a leader if you constantly concede to your extremes, isn't it?

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Someone wrote not that long ago that Tony Blair picked a fight with his

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party and ground them to dust, David Cameron picks a fight with them and

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then gives in to them, which is a strange way to behave. An

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interesting story on the front of the Daily Telegraph, Mike, Zara and

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baby Mia say hello to a fortune. Zara Phillips is not technically a

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royal, she has got to earn her keep and riding horses doesn't earn that

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much. Selling your story is not earning money! It is a celebrity

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circuit and she decided to join it. Families and celebrity circuit

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overlap a great deal now so that's fine. She can do that if she wants.

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Dame Joan has spoken! It is OK! She can reserve hoping to see in the

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future if she chooses to do so but it turns out she may not choose to

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do so. This story may make people's blood boil, the HSBC chief dodges EU

:07:41.:07:50.

bonus cap, the bank pays 1 million plus to its staff of 239. Twice the

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average salary. It is really Draconian, isn't it? The banks are

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getting around this by bundling money in other ways. The chief

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executive of HSBC is now getting allowances worth 32 -- ?32,000 per

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week on top of his salary. 239 HSBC bankers who received more than ?1

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million last year, I don't understand why they give them all

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the money. That's not true, I do understand because the people who

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give the money are getting the money. The shareholders have a good

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amount of it as well, in this crazy circus of over rewarded people.

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Remember his name, Stuart Gulliver. We are taking note of your name and

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your pay, and the fact you think 200% bonus is not enough. It is

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crazy. They are living in a different world. He would argue he

:09:04.:09:09.

is in the global market, HSBC has staff around the world and he has to

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have the best people so he has got to give them oodles of cash. It is

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important! They might all leave, 230 people would walk out of this bank

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unless they have more than 200% of their bonus? How hard can it be?

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When footballers are massively rewarded you can see the logic

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because you can see the money they directly bring into the club. You

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say it is a global world but the EU is putting a cap on bankers'

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bonuses. Everybody thinks that should happen. Except the banks!

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Because they can. Stuart Gulliver, remember the name. He can go on his

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travels all around the world, first class. Onto the express. Hence may

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change school term dates to end holiday rip-offs. This is holiday

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companies who whack up the prices because they know a lot of families

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have to travel at certain times of the year. I remember when I was a

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child in Lancashire, when it was one week the factories would close and

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everyone would go to Blackpool, then come back, and the next week another

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set of factories would close and they would go to Blackpool so the

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factories staggered their closing so everybody had a decent spread. What

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is happening here? I don't quite understand why school terms can't be

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staggered between the summer months. From the beginning of July to

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mid-September there is decent weather anyway. They can be

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staggered now. It is up to the individual school apparently. That

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seems reasonable. It is what they do in Holland, which is why when you go

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on holiday there are thousands of Dutch people because the schools are

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staggered. I don't see lots of Dutch people. You don't go to Holland! I

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was at school in Scotland and there were holidays at different times.

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Speaking as a parent, it is incredibly expensive going on

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holiday during holiday time. That is an interesting issue which we will

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look at further in an hour, I expect, when we will have another

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stab at the stories behind the papers. Stay with us for that.

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Coming up at 11 o'clock, we will have much more on BBC News including

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the special report from inside the Damascus refugee camp, where 20,000

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people are struggling to survive with little food or medicine. Stay

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with us for that. Coming up next it is Sportsday.

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Hello and welcome to Sportsday. I'm Hugh

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