:00:00. > :00:23.the Sunderland game. And, a shock for Ospreys.
:00:24. > :00:28.Are the broadcaster Henry Bonsu, and the former trade minister, Lord
:00:29. > :00:37.Digby Jones. The Metro leads on the inquest into
:00:38. > :00:46.the death of Peaches Geldof. The Express focuses on rising house
:00:47. > :00:49.prices. The Telegraph says dozens of grammar schools in England are
:00:50. > :00:51.planning to discriminate against middle class pupils when choosing
:00:52. > :00:54.admissions. A housing bubble is now the brightest hazard light on the
:00:55. > :00:57.Bank of England's dashboard, according to the FT. The Guardian
:00:58. > :01:00.leads on the refusal of barristers to represent defendants, in protest
:01:01. > :01:02.at legal aid cuts. And the Mirror reports the apology from Jeremy
:01:03. > :01:17.Clarkson following allegations that he used an offensive term. The Sun
:01:18. > :01:21.reports on the death of Peaches Geldof.
:01:22. > :01:27.We are going to start with the Times. ?140 million flats sets
:01:28. > :01:31.record for property in return. There is only one person around this table
:01:32. > :01:40.who could afford that. That is a presenter at the BBC! I must be
:01:41. > :01:44.earning a fortune! This is outrageous, isn't it? I can't even
:01:45. > :01:49.get excited about it, I really can't. We were talking about this
:01:50. > :01:54.earlier, and I just don't see that as a significant thing. If you have
:01:55. > :01:59.got the man, Eastern European and Russian money, you have got
:02:00. > :02:05.supplier, a very nice apartment in a very desirable part of London, it is
:02:06. > :02:10.worth what someone will pay for it. I don't find that a problem. What is
:02:11. > :02:14.significant, and why it deserves a headline, is when you link it in
:02:15. > :02:17.your report earlier about where the papers are today. The Financial
:02:18. > :02:22.Times talking about, do we have a housing inflation problem which will
:02:23. > :02:27.bring on interest rate rises? In the Daily Express was talking about
:02:28. > :02:30.these people... You have just said you can't be bothered with this
:02:31. > :02:36.story. The underlying thing about our property prices going out of
:02:37. > :02:45.control, is hugely important. That is why it is on the front page! But
:02:46. > :02:50.the big flag, that is what I can't understand. That is what grabs you
:02:51. > :02:56.and brings it into the story. That is symptomatic of a bubble.
:02:57. > :03:02.Absolutely, but what is driving that end of the bubble. ?10,000 per
:03:03. > :03:09.square feet, that is insane. Polished marble floors, we are
:03:10. > :03:25.talking about... You can pronounce it, as well! Of course! Do you live
:03:26. > :03:33.in a ?140 million flat? No, I don't. I transcend politics! We are talking
:03:34. > :03:36.about huge capital flight because of the Ukrainian crisis. People are
:03:37. > :03:40.taking their money out and investing it in London. Some people will
:03:41. > :03:50.benefit, but what will it do for the market? It drags it up, 140 million
:03:51. > :03:57.at the very top, but that does drag up... It depends where you are a
:03:58. > :04:04.teacher. We are in agreement about this, London is a citystate. It is a
:04:05. > :04:08.different country. It has different asset values, crime issues,
:04:09. > :04:11.transport issues, wage issues, immigration issues. It is a
:04:12. > :04:15.different place. We should stop thinking of it as part of the UK,
:04:16. > :04:20.and see it as an individual citystate. If you today are small
:04:21. > :04:26.businesswoman in Manchester, Birmingham, Cardiff, Newcastle,
:04:27. > :04:30.believe me, you are not experiencing growth in this economy because of
:04:31. > :04:35.property prices. But if you are priced out of the capital, you will
:04:36. > :04:40.get on a train and you will go a bit further north, and you will increase
:04:41. > :04:44.the prices. Because a Ukrainian or a Russian walks in with a Russian
:04:45. > :04:48.walks in with ?140 million adviser flat, that is not increase a
:04:49. > :04:53.property in Grantham, believe doesn't. It gives people the
:04:54. > :04:58.perception that the economy is doing far better than it really is, and I
:04:59. > :05:07.think we will be in for a shock at some point . I think they will try
:05:08. > :05:10.to dampen down supply of money, and therefore you will have a small
:05:11. > :05:14.business in Manchester paying more for the money at the time when they
:05:15. > :05:21.need better access to capital. Leave me, the man he paid 140 million quid
:05:22. > :05:30.did not borrow it. He probably paid in cash. Is his name in their?
:05:31. > :05:36.Absolutely not. Let's go to the i. A judge faces jail for lying to the
:05:37. > :05:39.police. Constance Briscoe. This is a part`time judge who is now facing
:05:40. > :05:46.jail time, it would appear. She has courted publicity, about alleged
:05:47. > :05:52.abuse visited upon her by her mother. She was a close friend of
:05:53. > :05:55.Vicky Pryce, the former wife of Chris Huhne, and she overreached her
:05:56. > :06:01.hand and said things that were false, and that is one of the
:06:02. > :06:08.reasons why she has been convicted. A high`profile black woman, very few
:06:09. > :06:12.female black judges, she should be a role model. Of course, now she has
:06:13. > :06:17.fallen from its pedestal, one that she set for herself. I remember her
:06:18. > :06:25.being very clear about law and order, she is a judge, and very
:06:26. > :06:29.judge mental about other people. I remember when someone got in trouble
:06:30. > :06:33.about tweeting about people wanting to play divide and rule, and she
:06:34. > :06:39.jumped on that. Now, she will have very few friends in the black
:06:40. > :06:42.community. I think that is absolutely right. A couple of proxy
:06:43. > :06:48.speeding points. It is the perversion of the course of
:06:49. > :06:55.justice. It happen to be something that is not that important in terms
:06:56. > :07:01.of fact. It is hugely important in terms of the law. One thing Britain
:07:02. > :07:06.excels at more than anyone else is the rule of law. And respect before
:07:07. > :07:12.the law that we are supposed to have. We are all equal in the eyes
:07:13. > :07:16.of the law, our judges are not corrupt, when we find that they go
:07:17. > :07:25.the long way, you have got to come down hard. Otherwise, what do you
:07:26. > :07:37.believe in? I was just about to say, this is a bit... No talk about that!
:07:38. > :07:42.The humbling of Clarkson. Let's bring up the front page of the Daily
:07:43. > :07:51.Mirror. I beg for your forgiveness. Jeremy Clarkson apologises over the
:07:52. > :07:56.N word. He posted a video of his apology. Let's have a look at it. I
:07:57. > :07:58.realise that in one of the mumbled versions, if you listen very
:07:59. > :08:03.carefully with the sound turned right up, it did appear that I have
:08:04. > :08:11.actually used the word I was trying to obscure. I was mortified by this,
:08:12. > :08:23.horrified, it is a word that I loathe. A word I loathe, that is the
:08:24. > :08:34.N word. He was talking about the nursery rhyme, any meanie `` he said
:08:35. > :08:42.that he mumbles where the offensive word would normally occur, and in
:08:43. > :08:47.the third I didn't say it, and I replaced it with the word teacher.
:08:48. > :08:53.He was saying that in one of the versions, that he had actually used
:08:54. > :09:07.the word he was trying to obscure. Is that a watertight apology? I
:09:08. > :09:12.wouldn't like to be running his defence. At the end of the day, this
:09:13. > :09:21.man is virtually all powerful, he is omnipotent, an immense box office
:09:22. > :09:24.for the BBC, staggeringly role model `ish Fourier certain kind of person.
:09:25. > :09:40.`` for up . He is immensely powerful, why did he
:09:41. > :09:46.even start the nursery rhyme? Why didn't he just say I'm not saying
:09:47. > :09:51.this, I'm going to use another example. To get himself into that
:09:52. > :09:55.position in the first place, then when he gets to a position where you
:09:56. > :10:02.say, if he turns the sound, perhaps it could have been... It's
:10:03. > :10:05.extraordinary! It's offensive! Henry, some people would say that
:10:06. > :10:10.this is the logical extension of allowing a man who does live on the
:10:11. > :10:15.edge, he likes to get into scrapes, and is part of his USP, and people
:10:16. > :10:24.enjoy that. It is partly why Top Gear has done so well. If you allow
:10:25. > :10:37.things like, feckless Mexicans, or things like that, or the suggestion
:10:38. > :10:41.that he mentioned Burmese slopes, having allowed all of that in the
:10:42. > :10:49.past, is the fault is not in the door of the BBC? It pays him ?1
:10:50. > :10:52.million a year, and he gets ?40 million for the worldwide sales of
:10:53. > :10:57.top gear. He has been allowed to push the boat out, he has probably
:10:58. > :11:01.been told, you are not allowed to do this, but keep it going, it is a
:11:02. > :11:07.successful formula. There is no proof of that. When you consider
:11:08. > :11:14.histories of nursery rhymes like this, what do they hark back to? A
:11:15. > :11:17.time when black men could be lynched for looking at a white woman in the
:11:18. > :11:22.deep south of the US. Let's go and have a picnic, what does that mean?
:11:23. > :11:30.Go and find a black man and string him up. Remember 2005, are you
:11:31. > :11:39.thinking what we're thinking? That is what he was doing. I think there
:11:40. > :11:44.is something in this for the BBC. If it wasn't so staggeringly
:11:45. > :11:49.remunerative, I think there would be a different judgement. Do you think
:11:50. > :11:55.it would be fired or taken off the air? I'm not the boss of the BBC,
:11:56. > :11:58.I'm not here to pass judgement, but I do think that his immense success
:11:59. > :12:05.will influence how this is dealt with. Somewhere in this article in
:12:06. > :12:11.the mirror, a BBC source said, it is his last chance. I think the public
:12:12. > :12:17.are entitled to believe that that means what it is. If you are at the
:12:18. > :12:23.BBC, and you are planning this, you think, there is another channel that
:12:24. > :12:29.would pick him up in the morning. The BBC, I was so privileged to do
:12:30. > :12:35.the troubleshooter series with the BBC, and they did it internally, and
:12:36. > :12:42.I learnt about some of the most fabulously professional competent
:12:43. > :12:47.people, and the BBC brand itself has some skin in the game. He won't want
:12:48. > :12:52.to go anywhere else, because it won't have the global reach of the
:12:53. > :12:57.BBC. It is big stuff. The Financial Times, China fought against data
:12:58. > :13:02.showing its economy was in top spot this year. Many of my globalisation
:13:03. > :13:06.speeches have been going on about how China is now in the top table.
:13:07. > :13:12.America is not falling away, she's just got company. Military power
:13:13. > :13:20.these days means a lot, but how much when it is never used? Therefore,
:13:21. > :13:26.economic might is becoming the boss. China, statistically, is becoming at
:13:27. > :13:29.least one equal, and possibly first. The problem is, it carries
:13:30. > :13:38.responsibility. It carries people who say, we will league now, we are
:13:39. > :13:45.in the spotlight. People scrutinise you. It says that, this data has
:13:46. > :13:49.shown that they were number one in the world a year ago, and for the
:13:50. > :13:53.last year they have been saying, don't tell anyone! So they are
:13:54. > :14:00.trying to tell the rest of the world that they are not as economically
:14:01. > :14:04.mighty as they are? They don't want all the responsibility that comes
:14:05. > :14:10.with leadership. There are a lot of countries that find themselves
:14:11. > :14:13.regraded, such as Nigeria, and what does that mean? We start looking at
:14:14. > :14:18.it more closely, we look at defences between rich and poor, Boko Haram,
:14:19. > :14:22.bombs going off, and we look at that. But there are lots of
:14:23. > :14:29.countries, and I do a bit of work with the UN and OECD, and middle
:14:30. > :14:35.income countries, there are shocks that go with it. Some funding pulls
:14:36. > :14:41.out, China is the largest economy, there will be consequences. And that
:14:42. > :14:47.word responsibility. Lord Jones, you are the troubleshooter. You say you
:14:48. > :14:53.help businesses realise their potential, ruffling fig feathers and
:14:54. > :15:05.bruising egos. When you coming to look at the BBC ? I wanted a
:15:06. > :15:15.mainstream programme that didn't shout, you're fired! At young
:15:16. > :15:18.people. I think Twitter might want to have a few people say a few
:15:19. > :15:24.things on that. It has been great having it.
:15:25. > :15:28.At the top of the hour, at midnight, more on Gerry Adams, who is still in
:15:29. > :15:49.police custody. Hello and welcome to Sportsday. I'm
:15:50. > :15:51.Mike Bushell. Chelsea assistant manager Rui Faria