18/03/2014 The Papers


18/03/2014

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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We'll have the latest on England's preparations for the World Twenty20

:00:00.:00:00.

in Bangladesh in Sportsday in 15 minutes, after the papers.

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

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bringing us tomorrow. The Westminster editor for the Daily

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Record and the Asssistant p editor of the Spectator join me. The

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Financial Times leads with Mark Carney's shake`up at the Bank of

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England as he warns that risks are building in the housing market. The

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Daily Telegraph has calls for senior MPs of the 2022 World Cup to be

:00:43.:00:47.

rerun. The Met row says tensions boiled over when a soldier and

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militiamen were gunned down by Russian forces. More on that story

:00:53.:01:02.

in The Guardian `` the Met the Metro. D militiamen were gunned down

:01:03.:01:18.

by Russian forces. More on that story in The Guardian `` the Metro.

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We'll talk about Mick Jagger's heartbreak after his girlfriend

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reportedly commits suicide. Exactly 60 years this year Russia

:01:26.:01:29.

lost Crimea or rather it was handed over to Ukraine? Yes, here we are at

:01:30.:01:34.

the stroke of a pen and within three weeks, with the assistance of some

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soldier, Russia's annex add territory in Europe, the first time

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it's been done since before the Second World War. The Guardian

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states the imperial scene of the Russian President coming to address

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the Kremlin and really being quite furious claiming Russia's been

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cheated again and again with decisions being taken behind their

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back, reeling against the West, claiming that this wasn't Russian

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aggression that, there had been no shots fire and no casualties. That

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didn't last long because the Crimean soldier lost his life. Obviously,

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for Russia, this is no turning back. Half way through the story, it flips

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to show the scene in the West with William Hague in the House of

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Commons warning of consequences. Exactly. Isabelle, twhes and

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principally the European Union and America have been outflanked again

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by Mr Putin. We saw it happen on the situation in Syria and it's

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continuing to happen with Syria `` the west and principally the

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European Union. The response to the sanctions has been derice i, the

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sanctions make no difference at all and have probably been part of

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Putin's calculations all along and have probably been something he can

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weather. The debate today, Sir Malcolm Rifkind gave a forceful,

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disapproving speech. He was warning Europe that actually failing to act

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even if it's in a way that costs European countries something, will

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cost Europe as a community far more in the long`term.

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Yes, sanctions themselves have consequences as well, Europe fears

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that. Exactly. But there is a School of Thought suggesting you didn't

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want to be too hard with the sangtions going in at the beginning

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because if you were really hard, that might push pew into going

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further town the east. Is there credence in that do you think? ``

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push Putin into going further. The G8 mean pollutely nothing to him, in

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fact they are part of the calculation he's made, he doesn't

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really care. Rifkind said today Putin needs feel the hurt of these

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sanctions on the Russian economy that. Might mean European economies

:03:59.:04:15.

taking a bit of a hit as well. The Russian population can take a

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far hit than the Soft western populations. Putin is running this

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to his own timetable. He says he's not going to go any further. We

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don't want to see Ukraine split up any more, he says. Should we believe

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him? He's obviously not going to announce plans to have tanks rolling

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further into Ukraine or anything like that, but what he'd be more

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likely to do would be to talk about protecting the population at risk,

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as he devoid Crimea. If there's any m un unrest, he'd be licking his

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lips hoping that would happen, that would be the way. I liked the line

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last week that if she's worried about Russian minorities, why

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doesn't he protect them in Chelsea. Exactly. Let's stay with The

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Guardian actually. There's a strange picture of a new coin coming into

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circulation. The Queen was apparently told about it this

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evening, in the last couple of hours by the chance, will and it would be

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a big announcement in the budget tomorrow? The exciting overnight

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briefing for budget tomorrow. We are getting a new pound coin which is an

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anti`forgery pound coin with 12 signed two colours and looks

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suspiciously like a euro actually. You wonder whether there's something

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big being stored back for tomorrow's budget announcement. I don't Kneen

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undermine Osborne's excitement about the new pound coin, but it's not

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exactly the sort of thing people will be leaping in the streets with

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excitement about saying this will solve all of my problems `` I don't

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mean to undermine Osborne's excitement.

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It's actually a sort of gold and slightly less gold rabbit and the

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point is that it's to make it more difficult to forming? Yes, twost

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metals, 12`sided. `` it's two metals, 12 sided.

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The pound is 30 years old. He's getting rid of it with a look over

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his shoulder because it's a nostalgic look. The thriftny bit was

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popular during the blitz because you could feel nit your pocket. If Putin

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turps the gas off, we might want to do that again in the blackout. This

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isn't good enough for you, this announcement tomorrow? The

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threepenny bit coming back, it's not the kind of thing you want to hear

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in a budget, you want more? It's easy for Labour to say Osborne's

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changing the shape of the pound coin but that doesn't may doesn't may any

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difference to the family who is have however many less hundreds of pounds

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in their pockets. Labour are going to drum on about this because they

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know people are hurting and feeling it. Osborne will say the economy's

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growing, that in the next quarter we'll be back to 2008 rates of gold,

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that wages will have gone up higher than prices this year, but go tell

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that to the marines. Nobody feels that in their pockets. OK, on to the

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Daily Telegraph. It is suggesting, down bottom, don't blow Britain's

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recovery by borrowing too much, from the Governor of the Bank of England,

:07:58.:08:02.

Mark Carney. He is saying that his policy, his policy of keeping

:08:03.:08:06.

interest rates at record lows should not mean people go out and splash

:08:07.:08:10.

the cash. That sounds bizarre, that Tess the whole point of having a low

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interest rate policy? This is the problem with the low interest rate

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policy is that it's incentivised people to borrow and it's punished

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savers. It's a little strange that rather than changing the incentives,

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the Governor's saying we know this is very attractive to borrow at low

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cost bus please don't do it and hoping Brits will be obedient, while

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at the same time overseeing the Help To Buy policy which encourages

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borrowing. At 95%. But he's the bank manage, he has to say don't borrow.

:08:40.:08:45.

I like this guy, he can't stay away from the news vent, he has to put

:08:46.:08:51.

his oar in. He put it into the Scottish independence issue. He's

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advising us and warning against excessive risk taking by households

:08:56.:09:00.

on financial traders requests rs "requests. I wonder how the words

:09:01.:09:05.

will go down with Neil Trotter, the guy who's just won ?108 million.

:09:06.:09:09.

Yes. He won't need borrow anything. He won't be holding back. He'll be

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splashing the cash somewhat. The suggestion has been made that

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perhaps Canadians with lots of low interest rates swirling around them

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wouldn't splash the cash the way that perhaps we are, we are just a

:09:24.:09:28.

Professorially Kate bunch and Mr Karni's `` Carney Reiterating that

:09:29.:09:34.

point? There's one interesting thing about this. He's had to adjust to

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the way his interventions are read. He's often read as being more

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political than previous governors, perhaps because he's not used to the

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way things are going to be interpreted. When he steps in and

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says something that's helpful to Osborne and not Miliband

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necessarily, it's read as being partisan. That's your fault isn't

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it? ! Politicians are used to being

:10:00.:10:09.

careful. Know the lie of the land. Maybe he does have to make, tune his

:10:10.:10:16.

dialogue down. Onto the Daily Express. UKIP's U`turn on gay

:10:17.:10:21.

marriage. It's pretty straightforward, what he's saying,

:10:22.:10:25.

there needs no calibration. There he's going against a policy that has

:10:26.:10:31.

been forefront and centre for UKIP for some time. Thnchts may pb a you

:10:32.:10:36.

are `` This may be a surprise for Daily Express leaders. UKIP

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distinguishing itself by being outside the mainstream consensus on

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almost everything. It's a story from the pink paper, from a Q he did

:10:47.:10:53.

from pink news. Picked up on it then. Yes, they have. He has been

:10:54.:11:01.

asked if he would go back on gay marriage. He said no. It's an

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interesting signal. It's Farage mainstreaming hisself. He always

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said `` himself. He always said he would do that. It's a test for him

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as well. He's a leader. He's having to lead his party now. Follow me.

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Some may not feel that comfortable with. It that's what successful

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leaders do. It's upsetting for some people. It's a bold thing to do

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ahead of European elections. There are some UKIP voters who are UKIP

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partly because they believe in the past and they don't see of the other

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parties representing that. For him to say that they wouldn't repeal gay

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marriage is a break with that. And also a certain amount of honesty.

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UKIP pitches itself as a Libertarian party. That's been a contradiction,

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you are can't be a Libertarian party that opposes gay marriage. Perhaps

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he's trying to make UKIP more grown up at a costly time for him. He

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wants to get the best result possible in the European elections.

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This may upset some of the natural voters. He wants to make UKIP

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attractive to voters. The majority of voters do not oppose gay

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marriage. That's what most politicians want to do. He may have

:12:14.:12:17.

a problem pulling some members of the party with him. Where else can

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they go? He won't have a problem with the wider population. He's on

:12:23.:12:28.

the march. Onto the Daily Record. "I want to be the next First Minister",

:12:29.:12:35.

the Deputy First Minister making her pitch. One assumes she would be the

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heir apparent any way. There is no vacancy. Exactly. But there is an

:12:40.:12:47.

inheritance strategy. Whenever Alex Salmond appears on his helicopter,

:12:48.:12:52.

the first person to greet him is the heir apparent Nicola Sturgeon. They

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work as an effective team in the Scottish Parliament and referendum

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campaign. He's ready and willing to do it when the time comes. She wants

:13:03.:13:09.

to be Queen Nick is what they say. It's exactly six months to the day

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to the vote in September. How are the polls looking? The polls are

:13:14.:13:18.

tight. It looks like it's going to be a tight result. The last poll was

:13:19.:13:24.

in the Daily Record last week, which had if I remember rightly, no ` 39,

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sorry, let me get this right. Now that is a story. Yes, 39. No 48.

:13:30.:13:37.

That's the way it was. If you strip away the don't knows, obviously I

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sound a bit undecided myself there! It's 45, 55, in favour of staying in

:13:44.:13:46.

the UK. There's six months to go. It's tight. It's a big task to turn

:13:47.:13:51.

around that kind of lead. But they're a capable team. Indeed, the

:13:52.:14:01.

suggestion is that Mr Salmond is the kind of man that people will follow

:14:02.:14:04.

in the way that Nigel Farage hopefully feels that he can be that

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kind of person for his party. The race has tightened a little bit.

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Yes, and you see the Westminster parties trying to work out what

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their offer is. You had Scottish Labour today setting out its

:14:18.:14:22.

devolution offer if Scotland doesn't vote to go independent, which

:14:23.:14:25.

includes devolving more powers on welfare, for instance. Now Labour

:14:26.:14:30.

was given a scare by the SNP on the bedroom tax, which it eventually,

:14:31.:14:34.

after a campaign by the Record, decided to back repeeling. We will

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be back in an hour's time. Many thanks for that. Stay with us here,

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at the top of the hour we have much more on the situation in Ukraine.

:14:44.:14:44.

But now, it's time for Sportsday. Hello. Welcome to Sportsday. Here's

:14:45.:15:04.

what's on the way tonight: Chelsea march on in Europe as they cruise

:15:05.:15:07.

into the quarter finals of the Champions League.

:15:08.:15:12.

David Moyes is defiant, as he faces questions over his Manchester United

:15:13.:15:17.

future. And England

:15:18.:15:18.

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