:00:00. > :00:00.the Cheltenham Festival provided a shock in the big race, and a
:00:00. > :00:14.champion's tail after it. That is all after the papers.
:00:15. > :00:19.Hello and welcome to our look ahead to what the the papers will be
:00:20. > :00:21.bringing us tomorrow. With me are Amol Rajan, editor of the
:00:22. > :00:30.Independent, and the blogger and journalist Susie Boniface, also know
:00:31. > :00:34.as the Fleet Street Fox. Not Suzanne, don't want to cause a
:00:35. > :00:37.family upset. Let's start with tomorrow's front pages.
:00:38. > :00:39.The Independent leads with a story about GM crops, reporting that some
:00:40. > :00:45.advisers warn that European regulations are "no longer fit for
:00:46. > :00:51.purpose". The Financial Times reports that bad debts are on the
:00:52. > :00:53.rise. The Daily Express have the story that's emerged from the
:00:54. > :01:00.hacking trial - that Diana is alleged to have leaked royal
:01:01. > :01:03.secrets. The Guardian have an exclusive interview with Yoko Ono,
:01:04. > :01:07.but their main headline is Osborne's 1bn sweetener. It goes on to say,
:01:08. > :01:09.the money will help fund a series of infastructure projects. The main
:01:10. > :01:13.headline in the Daily Mirror refers to the story about public sector pay
:01:14. > :01:19.- it says "Betrayal of the NHS nurses".
:01:20. > :01:25.A couple of these stories are linked. We start with the Guardian,
:01:26. > :01:29.which says Osborne's ?1 billion sweetener, ministers squeeze NHS
:01:30. > :01:32.pay, but offers Budget infrastructure boost. They will not
:01:33. > :01:38.be paying for the infrastructure with the money they are saving by
:01:39. > :01:41.not giving the nurses a pay rise. This ?1 billion sweetener is not so
:01:42. > :01:45.sweet once you drill down into the story and find out whether money is
:01:46. > :01:53.coming from. Not paying the nurses there only saves ?100 million. This
:01:54. > :01:57.1 billion is coming from a raid on public sector pensions. Basically,
:01:58. > :02:01.Osborne has done a little shuffling between budget headings and found ?1
:02:02. > :02:06.billion which individual departments will have to come up with. Those are
:02:07. > :02:09.things like the Department for Education and the Department of
:02:10. > :02:13.Health. He has changed the way they put their pension money in the pot.
:02:14. > :02:18.So many will still be paid into those public sector pensions, but it
:02:19. > :02:25.will not come away central pot 's it is effectively coming out of the
:02:26. > :02:29.money that could be put into the pensions of teachers, nurses, social
:02:30. > :02:33.workers. That is how he has found this ?1 billion. The other
:02:34. > :02:39.interesting thing is that this is coming a month before the NHS -- the
:02:40. > :02:42.HS2 bill is coming back to Parliament. It is already have the
:02:43. > :02:45.billion pounds for the whole thing, and there are fears that there will
:02:46. > :02:50.be ministerial resignations when they find out how much it is. So he
:02:51. > :02:53.is trying to say he is putting money into something else, when in a
:02:54. > :03:00.month's time, we will have a horrible bill for HS2. They have a
:03:01. > :03:04.line which says a source says this is very much in George Osborne's
:03:05. > :03:09.BNA. It is in the DNA of all chancellors to find spare billions
:03:10. > :03:13.before a Budget comes out. This is in a specific political context,
:03:14. > :03:20.which is that lots of potential Tory voters are worried about a and HS2.
:03:21. > :03:24.In partial defence of Osborne, to give his version of events, he says
:03:25. > :03:28.this is the recommendation of a report into pensions by Lord Hutton,
:03:29. > :03:33.a Labour minister. So he says he is following what a New Labour figure
:03:34. > :03:38.would have recommended. But it does stink a bit, because it comes just
:03:39. > :03:43.before an election and it is a raid which has come along with a story
:03:44. > :03:47.about nurses. You say it stinks because it comes just before an
:03:48. > :03:51.election. People will realise that that is why it is the sweetener. But
:03:52. > :03:55.won't they be glad if they are benefiting from these infrastructure
:03:56. > :04:01.projects, rather than a nurse getting a 1% pay rise? It depends.
:04:02. > :04:05.Infrastructure is meant to be a long-term boost to the economy and
:04:06. > :04:11.all governments would say that if they spend money here, they have to
:04:12. > :04:14.cut money elsewhere. It is curious how chancellors have to go about
:04:15. > :04:18.manufacturing billions. As Susie says, the money Osborne is talking
:04:19. > :04:23.about saving is 200 million, so the money that will be saved on the NHS
:04:24. > :04:29.is 200 million out of a Budget of 100 billion. I think this is a
:04:30. > :04:34.political gesture towards disenchanted Tory voters. It has got
:04:35. > :04:38.to be infrastructure they are going to see. If your road is covered in
:04:39. > :04:42.potholes, if your trains are not running well, it does not matter if
:04:43. > :04:47.there is a headline saying they have put 1 billion into it. That 1
:04:48. > :04:52.billion does not go very far. Not far at all. We will come back to the
:04:53. > :04:58.Guardian later. Let's move on to the Daily Mirror, with a related story.
:04:59. > :05:04.Betrayal of the NHS nurses. This is Jeremy Hunt announcing that not
:05:05. > :05:11.everyone in the NHS will get this 1% public sector pay rise. Meanwhile,
:05:12. > :05:15.Jeremy Hunt himself will get 11%. He might forego it, I suppose. He
:05:16. > :05:20.might, but none of the party leaders have said they are going to order
:05:21. > :05:25.their MPs to forego this 11% pay rise. He also might not come back
:05:26. > :05:30.into Parliament in 2015. He will have to fall back on the 17 million
:05:31. > :05:36.he made from selling his company not long ago. You sound disappointed. He
:05:37. > :05:43.made it to Smedley. Shouldn't we wish him well? Nurses were just
:05:44. > :05:50.expecting a 1% pay rise, which is ?300, not a lot. In the NHS budget
:05:51. > :05:57.alone, it is peanuts, and there is no reason it can't be done.
:05:58. > :06:01.Interestingly, managers are getting 7%. Why are they still getting that?
:06:02. > :06:05.If you have to give rises to people, why not the front-line staff that
:06:06. > :06:12.the nurses and doctors and dentists is? Again, this is a political
:06:13. > :06:15.gesture. The NHS is still a toxic issue for the Tories. If you look at
:06:16. > :06:20.the areas where they are trusted, they are more trusted than Labour on
:06:21. > :06:25.the economy, but less on the NHS. Jeremy Hunt was put in there to be
:06:26. > :06:30.this fantastically ameliorative, understanding, compassionate guy who
:06:31. > :06:37.would get on with the nurses and bring the NHS with him. A year away
:06:38. > :06:42.from an election, this move disenfranchises a lot of people. It
:06:43. > :06:47.is not the antidote. It is pretty dumb, because the pay review body,
:06:48. > :06:51.the one they are ignoring, was set up by government and endorsed by
:06:52. > :06:56.them and has been since the 1970s as a way of making sure there is no
:06:57. > :06:59.strike action in public services. The government and unions both make
:07:00. > :07:03.representations to an independent body which is under the Department
:07:04. > :07:07.of Health umbrella. It has professors on it and it is
:07:08. > :07:09.apolitical. They find a middle suggestion and everyone goes along
:07:10. > :07:13.with it, in return for the government going along with it, the
:07:14. > :07:17.unions promised no strike is. For the government to give evidence to
:07:18. > :07:21.it and then go, actually, we convert bothered with this, there are
:07:22. > :07:26.suggestions of strikes and militancy. Aside from whether it is
:07:27. > :07:38.the right thing to do, it is just smart politics to give a pay rise.
:07:39. > :07:41.Obviously, it costs a lot of money. We have had raised to the income tax
:07:42. > :07:47.threshold. A gesture like this although costly, would have been a
:07:48. > :07:49.useful comeback when Labour say in Prime Minister's Questions and
:07:50. > :07:54.elsewhere that the Tories, be trusted with the NHS. But they don't
:07:55. > :08:01.want to be seen to be helping nurses. The ?200 million, we say it
:08:02. > :08:06.blithely these days, for people out there who say the cuts are the right
:08:07. > :08:10.way to go about getting the economy in control, they will say it has to
:08:11. > :08:15.be done. Something has to be done about controlling public spending,
:08:16. > :08:21.but 200 million in the context of tens of ileum is of pounds... And
:08:22. > :08:25.also, we have had immense pub exec to restraint over the last four
:08:26. > :08:28.years. So this would have been a relatively small amount of money
:08:29. > :08:32.which would be both the right thing to do and a political victory. The
:08:33. > :08:36.government say they have had to make these cuts, otherwise they have to
:08:37. > :08:48.sack 6000 nurses. But if you just sack four managers, it would be
:08:49. > :08:54.fine. I think your job is safe. The Independent has a story on GM
:08:55. > :08:57.crops. The suggestion is that there are these EU regulations which say
:08:58. > :09:01.they are too dangerous and not good for the environment and outdated and
:09:02. > :09:07.that Britain should decide for itself. The EU line is one we have
:09:08. > :09:10.gone on because it is the freshest. I know this is a deeply objective
:09:11. > :09:15.show and we have to have an interest in balance for both sides. But there
:09:16. > :09:19.has never been any evidence for any harm to humans or the environment by
:09:20. > :09:23.GM crops. There is a tremendous amount of his dairy and stupidity,
:09:24. > :09:30.frankly, about them. And you can get away with that in a time of plenty
:09:31. > :09:33.and when it is a nascent technology. We now know that we urgently need
:09:34. > :09:37.around the world to increase crop yields and food production, and GM
:09:38. > :09:41.crops are good way of doing it. It is funny to me that GM crops, which
:09:42. > :09:46.have split people politically, are now being stopped in Britain, not
:09:47. > :09:49.necessarily by the government. The Environment Secretary is behind
:09:50. > :09:53.them, but they are being stopped by EU regulation. You can see a UKIP
:09:54. > :10:02.and paint tomorrow. Vote UKIP to stop GM crops being banned. But to
:10:03. > :10:07.stop it, you would have to leave the EU. The whole thing is a mess. We
:10:08. > :10:13.would have to say goodbye to Nigel Farage, because he would not have a
:10:14. > :10:17.job any more. It is not the first time this has happened. A similar
:10:18. > :10:21.story has been repeated by the coalition over the years. Last year,
:10:22. > :10:25.the same scientists said much the same thing. They said, we need to
:10:26. > :10:30.think about GM crops. David Cameron was asked to think again about
:10:31. > :10:34.policy on GM crops. He was asked ten or 12 times. His advisers were
:10:35. > :11:00.asked, would he feed GM crop to his children, and there was no answer.
:11:01. > :11:05.Such hysteria, it's nonsense. Frankenstein views. And you get away
:11:06. > :11:09.with that if you live in a country where there's no food production. We
:11:10. > :11:11.urgently need to feed people and people who campaign against the
:11:12. > :11:16.crops are supporting the starvation of millions of people. Which is Nick
:11:17. > :11:24.Clegg and that's the trouble. It won't happen because Lib Dems are
:11:25. > :11:35.the only ones against it. A political enough criticism? Deeply.
:11:36. > :11:38.Financial Times. China are saying they are not going to prop up
:11:39. > :11:44.failing companies as much as they have in the past? There is a
:11:45. > :11:49.terrifying comparison, the idea of a Lehmann moment. China's been slowing
:11:50. > :11:53.but has since the crash of 2008 been driven by credit. Private credit's
:11:54. > :12:01.gone from being 140% of the economy to something like 200% in just six
:12:02. > :12:07.years. Not sure how you say the Chinese premier's name and I won't
:12:08. > :12:11.try because I'll get it wrong. He said China won't guarantee the big
:12:12. > :12:15.companies won't default and it's made people very jittery because the
:12:16. > :12:20.interdependence on the global economy means we are fantastically
:12:21. > :12:29.reliant on China growing fast and stable. It's certainly not done
:12:30. > :12:33.that. What The interesting thing about this is that it's a communist
:12:34. > :12:37.super power who said they want to come into the modern world and
:12:38. > :12:40.everything but still retain their communist ethos. They have been
:12:41. > :12:44.bailing out companies for a very long time because the state needed
:12:45. > :12:50.that. Now they are saying we'll leave you to it and stop that. For
:12:51. > :12:55.them to allow some of the most important businesses to fail is them
:12:56. > :12:58.accepting it and saying, we are as interested in making a buck as the
:12:59. > :13:02.next man and if you are not making a buck, you are on your way. There are
:13:03. > :13:07.so many other countries that desperately need China to do well.
:13:08. > :13:12.It's a new phenomena where people have an uncentive because they want
:13:13. > :13:18.to reach China's markets. Us as well. They need China, everyone
:13:19. > :13:23.needs China. It's on the Stock Exchange now. Very quickly, the
:13:24. > :13:28.Guardian. New drugs fast tracked for patients. These are drugs that
:13:29. > :13:32.haven't got a licence necessarily yet but are for people with
:13:33. > :13:37.debilitating conditions. Are you going to be the Guinea pig
:13:38. > :13:43.effectively? Yes. This is a case where a company says they think
:13:44. > :13:52.their drug will work, therefore it can be prescribed by some doctors.
:13:53. > :13:56.It What comeback would there be if you have agreed to take this?
:13:57. > :13:59.There's huge numbers of people affected by long-term conditions who
:14:00. > :14:03.have some hope when a drug comes on the scene an can't realise that.
:14:04. > :14:08.Ethiopiafully this means some people will be cured who otherwise wouldn't
:14:09. > :14:13.be. That's it. Gosh, it's very hard to get a word in edgeways. Then
:14:14. > :14:18.again, who wants to hear from me. We'll be back at 11. 30 to have a
:14:19. > :14:22.look at the papers making the headlines tomorrow. At 11, we'll
:14:23. > :14:26.have the latest on the helicopter crash in Norfolk in which four
:14:27. > :14:45.people are thought to have died. Next, the Sportsday.
:14:46. > :14:46.Welcome to Sportsday. Tottenham's problems pile