Browse content similar to 25/03/2014. Check below for episodes and series from the same categories and more!
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breezed past Jo`Wilfried Tsonga to set up a quarterfinal with Novak | :00:00. | :00:00. | |
Djokovic. All that and more in Sportsday in 15 minutes after the | :00:00. | :00:00. | |
Papers. Welcome to our look ahead to what | :00:00. | :00:21. | |
the papers will be bringing us tomorrow. With me Beth Rigby of the | :00:22. | :00:27. | |
Financial Times and journalist and author John Kampfner. We will start | :00:28. | :00:31. | |
with the Daily Telegraph, leading on new NHS guidance that it should be | :00:32. | :00:34. | |
easier for teenage girls to get hold of the morning after pill, the | :00:35. | :00:39. | |
photograph shows Mick Jagger with his sons and daughter shortly before | :00:40. | :00:43. | |
they attended L'Wren Scott's funeral. The Financial Times has | :00:44. | :00:47. | |
found that Wall Street banks and some of their foreign rivals have | :00:48. | :00:51. | |
had to pay out $100 billion in legal settlement since the financial | :00:52. | :00:55. | |
crisis. More news from across the Atlantic with the Guardian reporting | :00:56. | :00:59. | |
that plans have been drawn up in Washington to end the systematic | :01:00. | :01:03. | |
collecting of Americans' phone records by the National Security | :01:04. | :01:07. | |
Agency. The Daily Mail is reporting on the appearance of the | :01:08. | :01:10. | |
Metropolitan Police chief commissioner Sir Bernard Hogan`Howe | :01:11. | :01:12. | |
before a committee of MPs in which he admitted not knowing how many | :01:13. | :01:16. | |
police documents were shredded which may have revealed the extent of | :01:17. | :01:19. | |
alleged corruption within his force. Finally, the Daily Express is | :01:20. | :01:24. | |
leading with more analysis of what may have happened to that missing | :01:25. | :01:28. | |
Malaysian airlines plane. An aviation expert that the paper has | :01:29. | :01:32. | |
talked to believe there is evidence that the pilot was involved in a | :01:33. | :01:36. | |
suicide plunge. We will start with the Financial | :01:37. | :01:42. | |
Times, Beth, very interesting story, as the world, frankly, begins to | :01:43. | :01:47. | |
recover from the mess of the last four or five years, we are seeing | :01:48. | :01:51. | |
the cost of that mess to some American banks. We will also see a | :01:52. | :01:56. | |
political shift in attitudes, and I think that is what this story is | :01:57. | :02:02. | |
about, that 100 billion of fines in US legal settlements by Wall Street | :02:03. | :02:06. | |
and some foreign banks in the US, half of those penalties extracted in | :02:07. | :02:11. | |
the past year as lawmakers and regulators start poring over how | :02:12. | :02:15. | |
banks have been behaving and where they have found misconduct, they are | :02:16. | :02:22. | |
hitting hard. It says here, the sum reflects a substantial served in the | :02:23. | :02:27. | |
political attitudes towards banks as regulators and the Obama | :02:28. | :02:30. | |
administration seeks to counter perceptions that bankers have got | :02:31. | :02:32. | |
off lightly in their role in the financial crisis. And so this is the | :02:33. | :02:39. | |
sort of political fallout. In the US, they are going in hard with | :02:40. | :02:43. | |
fines. In the UK, we are going hard on regulation or bonus claw`backs. | :02:44. | :02:50. | |
We have had the LIBOR and mis`selling scandal here, but these | :02:51. | :02:53. | |
sort of sums, we haven't seen anything like that in the UK. You | :02:54. | :02:58. | |
talk about the perception that the bankers have got away lightly, | :02:59. | :03:03. | |
certainly America, and that is the perception your plants, and it will | :03:04. | :03:06. | |
continue, won't it, when you figure out the fact that not a single | :03:07. | :03:11. | |
person has gone to jail? I don't buy this interpretation. The 100 billion | :03:12. | :03:22. | |
figure looks startling, and American regulators have always been, for | :03:23. | :03:28. | |
many years, tougher on the banks, and they are tougher on | :03:29. | :03:30. | |
money`laundering. London is the money`laundering capital of the | :03:31. | :03:36. | |
world, and in Britain we seem to have a sense of, let the financial | :03:37. | :03:40. | |
services rip, we are a lot more lax in pretty much every area of | :03:41. | :03:44. | |
regulation. And yes, as Clive has said, not a single banker either | :03:45. | :03:48. | |
side, or in Switzerland or Germany or anywhere, has been convicted of | :03:49. | :03:57. | |
anything substantial. Look at any of the mis`selling scandals, any of the | :03:58. | :04:06. | |
sub`prime stuff, any of the pension mis`selling, LIBOR, whatever ` | :04:07. | :04:11. | |
nobody has gone to jail. Meanwhile, the British Government objects when | :04:12. | :04:16. | |
the European Union tries to rein in bankers para`bonuses, saying | :04:17. | :04:21. | |
somehow... I am trying to say that it is great what the Americans are | :04:22. | :04:26. | |
doing, but it is a drop in the Oak shouldn't, and the perception among | :04:27. | :04:29. | |
the public is that the financial services as a sector have got away | :04:30. | :04:36. | |
scot`free. The point I would make in terms of bonuses is that the | :04:37. | :04:39. | |
European Union might want to put forward rules, but for the UK, | :04:40. | :04:46. | |
financial services is such a core part... Because we have allowed | :04:47. | :04:51. | |
ourselves to be like that. But while you are rebalancing the economy, you | :04:52. | :04:55. | |
have to be careful not to choke it. I would say as well that, actually, | :04:56. | :04:59. | |
there are signs of things toughening up, people's dismay of these huge | :05:00. | :05:06. | |
bonuses that are still being awarded... Still being awarded in | :05:07. | :05:12. | |
the last few weeks! They say they are just going to increase core | :05:13. | :05:20. | |
salaries to get away with it. The Bank of England have said that they | :05:21. | :05:23. | |
will put forward rules to have six`year claw`backs, so that this is | :05:24. | :05:29. | |
an effort to try and... What you are saying about no`one going to jail, | :05:30. | :05:33. | |
the point is that until people feel they have individual | :05:34. | :05:35. | |
responsibility, either through going to jail or having money taken back | :05:36. | :05:39. | |
of them, then how do you mitigate risk? I think the claw`back, the | :05:40. | :05:47. | |
idea of claw`back, you can take people's bonuses six years after | :05:48. | :05:51. | |
they have been awarded them, that could go some way to start beginning | :05:52. | :05:55. | |
to change the culture. I am not denying that things are not | :05:56. | :06:01. | |
toughening up at the margins. All I am saying is that I do not see it as | :06:02. | :06:05. | |
a greater seismic change. I think there are bits and pieces. There is | :06:06. | :06:09. | |
probably a lot more that needs to be done, and I suspect that is the view | :06:10. | :06:13. | |
of a lot of members of the public. The knock`on effect of the mess, the | :06:14. | :06:18. | |
financial mess we have all been suffering over the last few years, | :06:19. | :06:22. | |
is cuts, and at the bottom of the Guardian, cuts have left 250,000 | :06:23. | :06:28. | |
older people without state care. We were just discussing this before, | :06:29. | :06:32. | |
interesting that there has been so much emphasis in the Budget around | :06:33. | :06:42. | |
it being very much focused on older voters and the fascinating new | :06:43. | :06:45. | |
flexibility for people to spend their pensions, to cash in their | :06:46. | :06:48. | |
pensions in the way that they wish. And in many ways it is very | :06:49. | :06:53. | |
appealing, the idea of trusting people, particularly trusting people | :06:54. | :06:56. | |
who have been around for a while and who know the way of the world. Let | :06:57. | :07:01. | |
them spend their pensions or save the way they wish, and discussions | :07:02. | :07:07. | |
now about whether David Cameron will finally make good on his original | :07:08. | :07:10. | |
promise to raise the threshold of inheritance tax. That is all the | :07:11. | :07:15. | |
good news, and it is a certain type of older voter or older person, but | :07:16. | :07:20. | |
obviously the flip side, according to the Guardian, hardly a friend of | :07:21. | :07:26. | |
the Conservative coalition, is the idea of the route cuts there is the | :07:27. | :07:32. | |
other sector of the elderly vote that is being left behind. `` | :07:33. | :07:36. | |
through cuts. Because councils do not have enough money to put into | :07:37. | :07:41. | |
services. What is interesting about this story, talking about the older | :07:42. | :07:45. | |
people in our country, 250,000 is not a huge number of people, but it | :07:46. | :07:51. | |
is symptomatic and symbolic of the kind of cuts beginning to feed | :07:52. | :07:56. | |
through. And I thought what was pertinent about this is that Labour | :07:57. | :08:02. | |
have been slammed a bit in the past few days because the Tories are | :08:03. | :08:07. | |
riding high on, you know, trying to attract the silver vote through | :08:08. | :08:11. | |
pension reform, through inheritance tax promises et cetera, or hints. | :08:12. | :08:16. | |
But actually people are still feeling, you know, the Labour | :08:17. | :08:22. | |
argument would be that people are still feeling the crunch, and in | :08:23. | :08:26. | |
lower income groups, in a vulnerable groups, actually the cuts to the | :08:27. | :08:31. | |
welfare state, the caps on welfare spending are actually hurting the | :08:32. | :08:35. | |
people at the edges. From a political point of view, George | :08:36. | :08:39. | |
Osborne doesn't want stories like this coming through, because it | :08:40. | :08:42. | |
plays back into the Labour sensed that this recovery is for the few, | :08:43. | :08:54. | |
not the many. We are running out of time. We'll go on to the Telegraph. | :08:55. | :08:59. | |
Royal consent. The suggestion is we should stop or end the practice, | :09:00. | :09:05. | |
which is what, hundreds of years, I would have thought, that the Queen | :09:06. | :09:09. | |
signs off on bills and legislation. It is one of those many quirks of | :09:10. | :09:15. | |
the British non`constitutional, constitutional system. The idea that | :09:16. | :09:18. | |
the Queen physically signs off on bills, although she is supposed to | :09:19. | :09:24. | |
be and is apolitical and the Commons constitutional reform committee, | :09:25. | :09:27. | |
it's hinting, it is basically saying ` do we, everybody, want to have | :09:28. | :09:31. | |
another look at this? Is it right that the monarch should physically | :09:32. | :09:36. | |
be signing, because it gives the impression that she has something to | :09:37. | :09:41. | |
do with politics and actually, she doesn't. Although lpts Go on. Go on. | :09:42. | :09:48. | |
Well, if there is a change monarch in the future and say Prince | :09:49. | :09:53. | |
Charles... A bit more interventionist. We get some idea of | :09:54. | :09:57. | |
what he is going on about. He might say ` I am not going to sign this, I | :09:58. | :10:03. | |
don't agree. Part of me thinks, that's ridiculous, the Queen signing | :10:04. | :10:08. | |
off bills fuels speculation that the monarchy has indue influence but | :10:09. | :10:12. | |
maybe constitutionally it would be right to properly make sure that | :10:13. | :10:16. | |
that... To have that final little check and balance It is a very | :10:17. | :10:20. | |
typically British way of dealing with constitutional reform, let it | :10:21. | :10:24. | |
wither away. Let's have a committee. She gives it the nod and that part | :10:25. | :10:29. | |
of parliamentary practice is dealt with. We can't all be hard`headed | :10:30. | :10:36. | |
Americans like you. I'm in the American. I know you are not, but | :10:37. | :10:41. | |
you love America. As they do at Chelsea. | :10:42. | :10:47. | |
Oh, that reminds me. There was a football result tonight. You could | :10:48. | :10:52. | |
be in trouble with Chelsea. We will not discuss that. You will | :10:53. | :10:56. | |
be back later. The sport is coming up. You will be a back in an hour | :10:57. | :11:00. | |
for another look at the stories behind the headlines. Stay with us | :11:01. | :11:03. | |
for that. At the top of the next hour, 11.00pm, we will have the | :11:04. | :11:09. | |
latest on the search of that missing Malaysian airlines plane. But now, | :11:10. | :11:11. | |
as promised, time for Sportsday. Hello and welcome to Sportsday. Our | :11:12. | :11:31. | |
headlines this evening: There's derby delight for City as they brush | :11:32. | :11:35. | |
off United to move up to second in the table. Bayern Munich lie in wait | :11:36. | :11:42. | |
for Moyes' Men. Today they won the German title in record`breaking | :11:43. | :11:44. | |
style. And Andy Murray | :11:45. | :11:45. |