:00:00. > :00:00.McGealy subject to FA approval. Salford play seven leagues below
:00:00. > :00:19.Manchester United. Welcome to our look ahead to what
:00:20. > :00:29.the papers will be bringing us tomorrow. With us are Ciaran Stacey
:00:30. > :00:35.and Susie Boniface, the Fleet Street box. Starting with the Independent.
:00:36. > :00:38.Its story is a major study that shows that students from state
:00:39. > :00:42.schools are more likely to achieve top grade degree passes than those
:00:43. > :00:47.from the independent sector with the same A`level results. The Financial
:00:48. > :00:50.Times has a joint article by the Chancellor and his German
:00:51. > :00:54.counterpart, which says any EU treaty change must guarantee
:00:55. > :00:58.fairness for EU countries staying outside the Eurozone. The Telegraph
:00:59. > :01:01.reports that savers who are locked into pensions and investments could
:01:02. > :01:05.be given a free exit. There's more on the probe into energy prices on
:01:06. > :01:08.the front of the Daily Mirror. The Daily Express says that millions of
:01:09. > :01:13.people will be better off after the Government has announced a cap on
:01:14. > :01:21.pension charges. Ed Miliband's call for further curbs on energy bills
:01:22. > :01:24.makes the lead in the Guardian. The Daily Mail has the news that cats
:01:25. > :01:29.have passed TB to humans for the first time. Let's begin with the
:01:30. > :01:32.energy story, this 18 month long investigation that is being
:01:33. > :01:36.announced. This is the Daily Mirror's headline. The blackout
:01:37. > :01:41.blackmailer. Yesterday, this ?2 million a year energy fat cat, this
:01:42. > :01:45.is Centrica Cowes boss Sam Laidlaw, has the nerve, says the paper, to
:01:46. > :01:50.claim a probe into fixing their high prices could lead to power cuts. How
:01:51. > :01:55.dare they treat us with such contempt. No doubting whose side
:01:56. > :02:10.they are on. Quite rightly. I think most newspapers and most people will
:02:11. > :02:12.be on the side of the consumer and their readers, who are paying
:02:13. > :02:15.increasing energy costs. This guy came out and said we got an 18 month
:02:16. > :02:18.enquiry into our prices, this is outrageous, none of us want the
:02:19. > :02:21.lights to go out. It is not so veiled threat that the lights could
:02:22. > :02:23.go off at some point. The Big Six are the ones we rely on to produce
:02:24. > :02:26.our supply. They build nuclear power stations and gas plants, as well as
:02:27. > :02:29.selling us the fuel that comes out of them. There's a huge problem
:02:30. > :02:32.there because they are providing the supply as well as delivering the
:02:33. > :02:37.product. They can, if they want to, say, we are going to stop investing
:02:38. > :02:41.in power plants, you can do what you like. A lot of these companies are
:02:42. > :02:45.based abroad as well, their central offices are elsewhere. So they are
:02:46. > :02:49.not necessarily under our control. I genuinely believe there should be
:02:50. > :02:53.some way that supply of our fuel is a matter of national interest and
:02:54. > :03:00.security to some extent. We should be able... It should the
:03:01. > :03:01.Government's responsibility to provide our power plants. Have a
:03:02. > :03:05.nationalised industry providing fuel. The private companies filter
:03:06. > :03:10.and send out, so there's retail and so on. It's the fact the retail and
:03:11. > :03:14.the wholesale arms are so close together that you have problems like
:03:15. > :03:22.this. One man can turn around and go, that's it, lights off! How would
:03:23. > :03:30.that work? Separating the wholesale and the retail arm. How would that
:03:31. > :03:37.help us as consumers? What the energy companies say is they don't
:03:38. > :03:42.make huge profits. The price we sell our energy after consumers is not
:03:43. > :03:46.that much more than we pay for it. Look over here. The problem is the
:03:47. > :03:49.people they are paying for that energy in the first place their
:03:50. > :03:54.wholesale arms. What they are doing, this is the accusation and
:03:55. > :03:59.privately, a lot of energy company bosses admit this is true, they are
:04:00. > :04:02.overcharging their retail arm so the wholesale arm makes bumper profits.
:04:03. > :04:06.The retail arm seems to be paying quite a lot for the energy but
:04:07. > :04:11.nobody can quite figure out why. They then pass those costs on to the
:04:12. > :04:17.consumer. Nobody can quite figure out why they are paying as much for
:04:18. > :04:20.their energy as they are. They go, it's too sensitive, we can't
:04:21. > :04:24.possibly tell you how much it cost in the first place. But if you let
:04:25. > :04:29.the market drive this, as we've seen for many years since there was this
:04:30. > :04:33.deregulation of power supply, aren't you inevitably going to have bigger
:04:34. > :04:37.companies emerging? Even if you break them up, over time the
:04:38. > :04:40.successful ones will grow and take over. You should in theory have some
:04:41. > :04:44.competition between them, but the level of competition is so small
:04:45. > :04:49.between the Big Six that if you try to switch between them you will not
:04:50. > :04:55.save an awful lot of money. And they play follow my leader. If one puts
:04:56. > :05:00.their prices up they all do. Yes. They call it pricing elasticity. You
:05:01. > :05:04.put your prices up, everybody knows this from their own energy bills,
:05:05. > :05:08.they put the prices up when their wholesale prices go up and when they
:05:09. > :05:12.go down again they don't bring them back down. We don't expect the
:05:13. > :05:16.prices to fall. But on your point about how big these energy companies
:05:17. > :05:21.are, that isn't necessarily, although that can be a problem, it
:05:22. > :05:25.isn't the main problem. The main problem is vertical integration. You
:05:26. > :05:29.have the wholesale and retail arms in the same business. You can have
:05:30. > :05:32.as big a retail arm as you like, the problems come when the hold ``
:05:33. > :05:36.wholesale and retail arm are together, and they cannot tell us
:05:37. > :05:39.how much they are paying. Greene it's them saying, we have a product
:05:40. > :05:45.that is absolutely vital to all of you. It is something everybody needs
:05:46. > :05:48.in one form or another, whether its gas or electricity, everybody in the
:05:49. > :05:52.country needs it to live and to survive. We are going to start
:05:53. > :05:57.charging you whatever the hell we like. This is not seen as a service,
:05:58. > :06:03.it seen as a business. If there was one part of it which we retained on
:06:04. > :06:08.a national base, this is the service, the provision of fuel is
:06:09. > :06:11.the service, the provision of fuel as a service to our people that we
:06:12. > :06:13.should be paying for ourselves, that might perhaps change... We did used
:06:14. > :06:15.to do that, that's what happened in the 70s. You end up with the
:06:16. > :06:18.stranglehold of the people who produce it in the first place.
:06:19. > :06:21.Governments are notoriously bad for planning for infrastructure like
:06:22. > :06:25.power plants. They don't respond well to consumer demand at all,
:06:26. > :06:29.which is how you end up with one coal or steel board with huge
:06:30. > :06:34.amounts of power. If the workers decided to walk out, for example,
:06:35. > :06:38.you don't get any power. But this doesn't work either. Somebody on
:06:39. > :06:44.Twitter mentioned there is a social enterprise that is set up to provide
:06:45. > :06:50.power and energy. They buy it from SSE, one of the Big Six, but they
:06:51. > :06:53.managed to pass it on at a more affordable price to their consumers.
:06:54. > :06:58.But it's very difficult for new companies to get a foothold. Very
:06:59. > :07:03.difficult. It's expensive to build a power plant. You have to have quite
:07:04. > :07:07.a lot of money in the bank, or at least a bank who will lend you a lot
:07:08. > :07:12.of money, to go and build it in the first place. As a small company, you
:07:13. > :07:17.will not go out and build a gas power plant. Are the lights going to
:07:18. > :07:20.go out? This is threatening. The Big Six are very worried, that's why
:07:21. > :07:24.someone is talking about the lights going out. There are cheaper and
:07:25. > :07:28.easier ways of producing energy than the way they do it, but we don't
:07:29. > :07:33.invest in that. The Daily Express now. Bigger pension pay`outs on
:07:34. > :07:37.their way. Millions will get an extra ?35,000 across the life of
:07:38. > :07:42.their pension. How so? This policy has been in the pipeline for a long
:07:43. > :07:45.time. What the pensions minister announced today is there's going to
:07:46. > :07:49.be a cap on how much your pension provider can charge you for
:07:50. > :07:54.investing your money on your behalf. So when we pay into a pension when
:07:55. > :07:58.we are in work and saving for our retirement, a company is out there
:07:59. > :08:01.in testing in the stock market or putting it in a bank account or
:08:02. > :08:05.doing whatever it wants to do with it on our behalf, and for that it
:08:06. > :08:08.charges a fee. The fees that these companies charge can be quite high.
:08:09. > :08:12.The cat that these companies charge can be quite high. The cap the
:08:13. > :08:21.Government has put on is year, which sounds really low. The that is a
:08:22. > :08:25.huge amount of money. What the Government was trying to do is make
:08:26. > :08:27.sure those companies can no longer charge astronomical amounts for
:08:28. > :08:32.taking your money and investing for you. This cap only applies to those
:08:33. > :08:35.people who are going to be automatically enrolled in a
:08:36. > :08:39.workplace pension under the new Government scheme, auto enrolment,
:08:40. > :08:43.which means if you enter the workplace now your company simply
:08:44. > :08:46.says, here you go, here's your pension. The Government says if you
:08:47. > :08:50.don't have a choice you should at least have your fees capped. When
:08:51. > :08:56.people are trying to eke out a living on a pension, that will make
:08:57. > :09:01.a big difference. It will, if any of us ever get to draw our pension, of
:09:02. > :09:05.course! What is interesting, the same as the annuity announcement
:09:06. > :09:08.last week, this is going to cost the pension industry about ?200 million
:09:09. > :09:15.out of their profits, if this comes in. They are already saying that if
:09:16. > :09:17.you take the fees off, that means the traders who are perhaps trading
:09:18. > :09:22.too much and charging constant commissions on pensions to do so,
:09:23. > :09:25.they are going to be trading less on the stock market. That might mean
:09:26. > :09:28.your pension stays at the very flat rate rather than perhaps goes up
:09:29. > :09:31.more over the course of its lifetime. If you are bringing in
:09:32. > :09:35.caps, it's not in their interest to start investing it for you because
:09:36. > :09:50.you could end up potentially also with less. If these big pension
:09:51. > :09:53.companies are losing ?200 million a year, they will find a way to get
:09:54. > :09:55.that out of us again. They are not going to be prepared to go, 200
:09:56. > :09:58.million, fair enough, George Osborne, you can have the lot. They
:09:59. > :10:01.will find a way to get that back doing something else. Trading and
:10:02. > :10:03.other fees that will come in. She sounds like a city trader, telling
:10:04. > :10:06.us we need to keep trading our stocks. If you stick your money in a
:10:07. > :10:09.bank account or in a stock market tracker and leave it there, it's
:10:10. > :10:13.often the best way to make money rather than keep changing what
:10:14. > :10:19.stocks you hold. There you go, financial advice. I'm not a
:10:20. > :10:23.qualified financial adviser. Ignore everything he says! Let's move onto
:10:24. > :10:27.the Daily Telegraph. Hillsborough police questioned over deaths. Four
:10:28. > :10:31.police officers have been interviewed under caution as
:10:32. > :10:36.potential manslaughter suspects, following an investigation into the
:10:37. > :10:40.Hillsborough disaster. This is the first time that police officers have
:10:41. > :10:47.been questioned under criminal caution. Isn't that amazing? It was
:10:48. > :10:53.25 years ago, 96 people, men, women and children, were crushed to
:10:54. > :10:56.death. The police, we now know, were involved in some of the decisions
:10:57. > :10:59.that led to those deaths, and possibly its those allegations about
:11:00. > :11:03.covering up what those decisions were. It's taken 25 years for the
:11:04. > :11:08.police to get around to arresting and questioning under caution their
:11:09. > :11:13.own members. There are 13 police officers who have been questioned
:11:14. > :11:17.under caution, for charges including manslaughter and also misconduct in
:11:18. > :11:21.public office and perverting the course of justice. 12 of them have
:11:22. > :11:24.long since retired, only one is still serving. They've obviously had
:11:25. > :11:29.25 years to prepare for these possible interviews coming up as
:11:30. > :11:34.well. This is 18 months, two years since the independent panel found
:11:35. > :11:40.they had these questions to answer. It is gracefully slow. It often is
:11:41. > :11:44.with the police. Funny that. There are no institutions better than
:11:45. > :11:48.covering up their own mistakes and possibly, although we don't exactly
:11:49. > :11:52.know here, criminality, than the police service. We've seen that time
:11:53. > :11:57.and again. People around at the time, they certainly remember the
:11:58. > :12:00.accusations flying around about what the supporters have been doing.
:12:01. > :12:04.About how some supporters have been your knitting and other supporters,
:12:05. > :12:07.they'd deliberately created this crush at the Hillsborough stadium,
:12:08. > :12:12.which all turned out to be fabricated. They claimed even
:12:13. > :12:15.children were drinking and had caused the crush themselves. Some of
:12:16. > :12:19.the more outrageous claims people will be able to dispute, but so much
:12:20. > :12:27.time has passed. Will memories be accurate?
:12:28. > :12:46.Of course not. If you are trying to remember what happened 25 years ago,
:12:47. > :12:56.But this is 25 years ago. It is just been so delayed.
:12:57. > :13:00.Now the Independent. A major study showing that state school students
:13:01. > :13:03.get better degrees than private school pupils with the same grades,
:13:04. > :13:07.but they have to get into the university first, though? It is
:13:08. > :13:13.interesting. It is a big study of people that went through university,
:13:14. > :13:19.finding that undergraduates of state school tend to do better than
:13:20. > :13:22.counterparts who have come from a private school. There will be lots
:13:23. > :13:28.of explanations, one is that they have had to work harder to get in.
:13:29. > :13:32.So they work harder at university. My explanation is how have they done
:13:33. > :13:35.the study in the first place? They have probably taken people who
:13:36. > :13:41.achieved the same grade, one at state and one at private. Let's say
:13:42. > :13:47.you have two pupils with B at A level. Imagine that the pupil who
:13:48. > :13:50.got the B at state school worked harder.
:13:51. > :13:55.What happens after university, though, does it matter? Does it
:13:56. > :14:01.matter if you have a good private school on your CV, will it matter
:14:02. > :14:05.the grade you get at degree level? I don't know. No`one has asked for my
:14:06. > :14:09.grades of any my exams. I think if you sent your children to Harrow or
:14:10. > :14:17.Eton, they should get their money back, they are obviously not worth
:14:18. > :14:23.the cash! Now the FT. A clash with Syria and Turkey and Twitter and
:14:24. > :14:28.Facebook bans? Even the President has managed to get around the block.
:14:29. > :14:33.They tried to ban Twitter, they could not. They have trying to ban
:14:34. > :14:38.YouTube. They had banned it for three years. Perhaps that is easier,
:14:39. > :14:43.but it is businessa. That as a country, it is not that far away
:14:44. > :14:46.from Europe. That they can just ban something on the internet. If they
:14:47. > :14:54.wanted to do something here, something that the Prime Minister
:14:55. > :14:59.did not fancy, say banning grant shoppes, it would be interesting. I
:15:00. > :15:02.don't know how it could work. You either have, it is a democracy, if
:15:03. > :15:07.you are operating a democracy that is not as democratic as anywhere
:15:08. > :15:12.else, you would tear it down. It does not work. Recep Tayyip Erdogan
:15:13. > :15:16.feels under pressure. He has had protests on the streets. He has the
:15:17. > :15:20.Arab Spring going on around him and Syria on the doorsteps, his actions
:15:21. > :15:26.are becoming increasingly drabbing owna. That is it for the papers for
:15:27. > :15:37.this hour. Fortunately, we are back at 11. 30pm for another stab at it.
:15:38. > :15:41.Join us then. At 11.00pm, we speak about customers being given a poor
:15:42. > :15:51.deal by the big six energy companies.
:15:52. > :16:05.Hello and welcome to Sportsday. The headlines:
:16:06. > :16:07.All hail Alex Hales, England's first Twenty20 centure centurian `` cent