01/05/2014 The Papers

the Sunderland game. And, a shock for Ospreys.

Are the broadcaster Henry Bonsu, and the former trade minister, Lord

Digby Jones. The Metro leads on the inquest into

the death of Peaches Geldof. The Express focuses on rising house

prices. The Telegraph says dozens of grammar schools in England are

planning to discriminate against middle class pupils when choosing

admissions. A housing bubble is now the brightest hazard light on the

Bank of England's dashboard, according to the FT. The Guardian

leads on the refusal of barristers to represent defendants, in protest

at legal aid cuts. And the Mirror reports the apology from Jeremy

Clarkson following allegations that he used an offensive term. The Sun

reports on the death of Peaches Geldof.

We are going to start with the Times. ?140 million flats sets

record for property in return. There is only one person around this table

who could afford that. That is a presenter at the BBC! I must be

earning a fortune! This is outrageous, isn't it? I can't even

get excited about it, I really can't. We were talking about this

earlier, and I just don't see that as a significant thing. If you have

got the man, Eastern European and Russian money, you have got

supplier, a very nice apartment in a very desirable part of London, it is

worth what someone will pay for it. I don't find that a problem. What is

significant, and why it deserves a headline, is when you link it in

your report earlier about where the papers are today. The Financial

Times talking about, do we have a housing inflation problem which will

bring on interest rate rises? In the Daily Express was talking about

these people... You have just said you can't be bothered with this

story. The underlying thing about our property prices going out of

control, is hugely important. That is why it is on the front page! But

the big flag, that is what I can't understand. That is what grabs you

and brings it into the story. That is symptomatic of a bubble.

Absolutely, but what is driving that end of the bubble. ?10,000 per

square feet, that is insane. Polished marble floors, we are

talking about... You can pronounce it, as well! Of course! Do you live

in a ?140 million flat? No, I don't. I transcend politics! We are talking

about huge capital flight because of the Ukrainian crisis. People are

taking their money out and investing it in London. Some people will

benefit, but what will it do for the market? It drags it up, 140 million

at the very top, but that does drag up... It depends where you are a

teacher. We are in agreement about this, London is a citystate. It is a

different country. It has different asset values, crime issues,

transport issues, wage issues, immigration issues. It is a

different place. We should stop thinking of it as part of the UK,

and see it as an individual citystate. If you today are small

businesswoman in Manchester, Birmingham, Cardiff, Newcastle,

believe me, you are not experiencing growth in this economy because of

property prices. But if you are priced out of the capital, you will

get on a train and you will go a bit further north, and you will increase

the prices. Because a Ukrainian or a Russian walks in with a Russian

walks in with ?140 million adviser flat, that is not increase a

property in Grantham, believe doesn't. It gives people the

perception that the economy is doing far better than it really is, and I

think we will be in for a shock at some point . I think they will try

to dampen down supply of money, and therefore you will have a small

business in Manchester paying more for the money at the time when they

need better access to capital. Leave me, the man he paid 140 million quid

did not borrow it. He probably paid in cash. Is his name in their?

Absolutely not. Let's go to the i. A judge faces jail for lying to the

police. Constance Briscoe. This is a part`time judge who is now facing

jail time, it would appear. She has courted publicity, about alleged

abuse visited upon her by her mother. She was a close friend of

Vicky Pryce, the former wife of Chris Huhne, and she overreached her

hand and said things that were false, and that is one of the

reasons why she has been convicted. A high`profile black woman, very few

female black judges, she should be a role model. Of course, now she has

fallen from its pedestal, one that she set for herself. I remember her

being very clear about law and order, she is a judge, and very

judge mental about other people. I remember when someone got in trouble

about tweeting about people wanting to play divide and rule, and she

jumped on that. Now, she will have very few friends in the black

community. I think that is absolutely right. A couple of proxy

speeding points. It is the perversion of the course of

justice. It happen to be something that is not that important in terms

of fact. It is hugely important in terms of the law. One thing Britain

excels at more than anyone else is the rule of law. And respect before

the law that we are supposed to have. We are all equal in the eyes

of the law, our judges are not corrupt, when we find that they go

the long way, you have got to come down hard. Otherwise, what do you

believe in? I was just about to say, this is a bit... No talk about that!

The humbling of Clarkson. Let's bring up the front page of the Daily

Mirror. I beg for your forgiveness. Jeremy Clarkson apologises over the

N word. He posted a video of his apology. Let's have a look at it. I

realise that in one of the mumbled versions, if you listen very

carefully with the sound turned right up, it did appear that I have

actually used the word I was trying to obscure. I was mortified by this,

horrified, it is a word that I loathe. A word I loathe, that is the

N word. He was talking about the nursery rhyme, any meanie `` he said

that he mumbles where the offensive word would normally occur, and in

the third I didn't say it, and I replaced it with the word teacher.

He was saying that in one of the versions, that he had actually used

the word he was trying to obscure. Is that a watertight apology? I

wouldn't like to be running his defence. At the end of the day, this

man is virtually all powerful, he is omnipotent, an immense box office

for the BBC, staggeringly role model `ish Fourier certain kind of person.

`` for up . He is immensely powerful, why did he

even start the nursery rhyme? Why didn't he just say I'm not saying

this, I'm going to use another example. To get himself into that

position in the first place, then when he gets to a position where you

say, if he turns the sound, perhaps it could have been... It's

extraordinary! It's offensive! Henry, some people would say that

this is the logical extension of allowing a man who does live on the

edge, he likes to get into scrapes, and is part of his USP, and people

enjoy that. It is partly why Top Gear has done so well. If you allow

things like, feckless Mexicans, or things like that, or the suggestion

that he mentioned Burmese slopes, having allowed all of that in the

past, is the fault is not in the door of the BBC? It pays him ?1

million a year, and he gets ?40 million for the worldwide sales of

top gear. He has been allowed to push the boat out, he has probably

been told, you are not allowed to do this, but keep it going, it is a

successful formula. There is no proof of that. When you consider

histories of nursery rhymes like this, what do they hark back to? A

time when black men could be lynched for looking at a white woman in the

deep south of the US. Let's go and have a picnic, what does that mean?

Go and find a black man and string him up. Remember 2005, are you

thinking what we're thinking? That is what he was doing. I think there

is something in this for the BBC. If it wasn't so staggeringly

remunerative, I think there would be a different judgement. Do you think

it would be fired or taken off the air? I'm not the boss of the BBC,

I'm not here to pass judgement, but I do think that his immense success

will influence how this is dealt with. Somewhere in this article in

the mirror, a BBC source said, it is his last chance. I think the public

are entitled to believe that that means what it is. If you are at the

BBC, and you are planning this, you think, there is another channel that

would pick him up in the morning. The BBC, I was so privileged to do

the troubleshooter series with the BBC, and they did it internally, and

I learnt about some of the most fabulously professional competent

people, and the BBC brand itself has some skin in the game. He won't want

to go anywhere else, because it won't have the global reach of the

BBC. It is big stuff. The Financial Times, China fought against data

showing its economy was in top spot this year. Many of my globalisation

speeches have been going on about how China is now in the top table.

America is not falling away, she's just got company. Military power

these days means a lot, but how much when it is never used? Therefore,

economic might is becoming the boss. China, statistically, is becoming at

least one equal, and possibly first. The problem is, it carries

responsibility. It carries people who say, we will league now, we are

in the spotlight. People scrutinise you. It says that, this data has

shown that they were number one in the world a year ago, and for the

last year they have been saying, don't tell anyone! So they are

trying to tell the rest of the world that they are not as economically

mighty as they are? They don't want all the responsibility that comes

with leadership. There are a lot of countries that find themselves

regraded, such as Nigeria, and what does that mean? We start looking at

it more closely, we look at defences between rich and poor, Boko Haram,

bombs going off, and we look at that. But there are lots of

countries, and I do a bit of work with the UN and OECD, and middle

income countries, there are shocks that go with it. Some funding pulls

out, China is the largest economy, there will be consequences. And that

word responsibility. Lord Jones, you are the troubleshooter. You say you

help businesses realise their potential, ruffling fig feathers and

bruising egos. When you coming to look at the BBC ? I wanted a

mainstream programme that didn't shout, you're fired! At young

people. I think Twitter might want to have a few people say a few

things on that. It has been great having it.

At the top of the hour, at midnight, more on Gerry Adams, who is still in

police custody. Hello and welcome to Sportsday. I'm

Mike Bushell. Chelsea assistant manager Rui Faria