06/05/2014

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:00:00. > :00:00.And Roger Federer and his partner have welcomed twins for the second

:00:00. > :00:14.time. That's in the sport in 15 minutes.

:00:15. > :00:19.Hello and welcome to our look ahead to what the papers will be bringing

:00:20. > :00:22.us tomorrow. With me are financial analyst Louise Cooper and Michael

:00:23. > :00:35.Booker, deputy and editor of The Daily Express. Tomorrow's front

:00:36. > :00:38.pages. The Independent quotes Vince Cable and his comments on the

:00:39. > :00:47.proposed takeover of AstraZeneca. He says Britain's future should be as a

:00:48. > :00:51.knowledge company, not a safe open `` safe haven. The Mail says,

:00:52. > :00:58.squeeze on help to buy mortgages. The experts make claims British

:00:59. > :01:04.police would excavate a `` of 25 sites at the holiday resort where

:01:05. > :01:09.Madeline McCann went missing. The Mirror says British police have

:01:10. > :01:13.a new lead in the case. The Guardian says an NHS initiative

:01:14. > :01:14.has been put on hold after the Cabinet office queried its

:01:15. > :01:20.credibility. Financial Times leads with

:01:21. > :01:24.AstraZeneca and a warning from Sweden about promises Pfizer failed

:01:25. > :01:28.to live up to when it bought a Swedish company.

:01:29. > :01:31.And the Times says medics and MPs are joining forces to demand justice

:01:32. > :01:35.for NHS whistleblowers who lose their jobs.

:01:36. > :01:40.According to The Daily Mail, a squeeze on help to buy mortgages.

:01:41. > :01:43.The controversial scheme to make mortgages cheaper is expected to be

:01:44. > :01:50.reined in? This is what we have been told. It

:01:51. > :01:53.has been said that something needs to be done about the housing bubble

:01:54. > :02:00.which could upset economic growth in Britain. They are overcooking this

:02:01. > :02:04.bubble, which we believe is mainly in London, which is interesting when

:02:05. > :02:07.you look at the Help to Buy scheme. It is most popular in the north`west

:02:08. > :02:14.and Scotland, where prices are around ?150,000. Whereas in London

:02:15. > :02:19.the average price is about ?500,000, which is where the bubble is.

:02:20. > :02:23.Interesting that it seems to be the thing they will go out, rather than

:02:24. > :02:25.making people get higher deposits and scrutinise mortgage

:02:26. > :02:31.applications, it is the people who are benefiting the most in areas

:02:32. > :02:36.where prices are as... Well, the bigger bubble. There might be

:02:37. > :02:41.smaller bubbles all over the place. Interesting that this is where they

:02:42. > :02:48.will be attacking it. There seems to be a growing consensus, that it is

:02:49. > :02:54.beginning to potentially, certainly in London and the south`east, to be

:02:55. > :02:57.getting out of control. If I was going to be really sceptical of

:02:58. > :03:00.George Osborne possible motives, a housing bubble has helped the Tory

:03:01. > :03:06.chances of getting re`elected in 2015. It has boosted their offers

:03:07. > :03:11.slightly, with stamp duty and inheritance tax, and also the help

:03:12. > :03:15.to buy scheme will boost their coffers because the government

:03:16. > :03:20.shares and any upside to a house price is secured. If they aren't

:03:21. > :03:23.elected and they don't win the 2015 election and we have created a house

:03:24. > :03:31.price bubble, Labour have to clear up the mess. Politically, it's a bit

:03:32. > :03:39.of a win`win strategy. It just shows how obsessed we have now become with

:03:40. > :03:44.house prices, because you mentioned earlier the new questionnaire that

:03:45. > :03:51.you have two fill in if you want a mortgage. There was a joke, I don't

:03:52. > :03:57.know if you watch the TV show Vera, but the detective sidekick Compleat

:03:58. > :04:05.to his wife how much she spent at the hairdresser on their mortgage

:04:06. > :04:10.application. `` complained. We have clearly become far too obsessed with

:04:11. > :04:14.house prices. We do love talking about it. It's fine if you have got

:04:15. > :04:20.a house but if you haven't you are really in big problems. Especially

:04:21. > :04:26.with Help to Buy scheme. It's helping overwhelmingly first`time

:04:27. > :04:31.buyers. The thing tanks say we should raise deposits. Other people

:04:32. > :04:34.say interest rates should rise. Is this the easiest and quickest fix to

:04:35. > :04:40.look like you are doing something? It is the simplest thing to do. It

:04:41. > :04:48.is also the thing that you as the government introduce. You can just

:04:49. > :04:59.grey matter back a little bit. `` Rain in a little bit. George Osborne

:05:00. > :05:04.did say in Brussels yesterday, we should be vigilant about the housing

:05:05. > :05:07.market. This government has given the Bank of England the power and

:05:08. > :05:10.tools to do that. There is speculation the Bank of England

:05:11. > :05:14.might do something, to do with the Help to Buy scheme, asking the

:05:15. > :05:18.government to produce it, but the Bank of England might do something

:05:19. > :05:21.next month. The Times, pressure grows to deliver justice for

:05:22. > :05:29.whistleblowers. MPs join doctors and nurses to come `` to condemn NHS

:05:30. > :05:32.sackings. A lot of pressure put on the new head of the health service

:05:33. > :05:36.is to look into cases, especially of six former staff and they have asked

:05:37. > :05:42.for a public enquiry after people have had genuine concerns about

:05:43. > :05:45.things going on an NHS and came forward with these concerns. Instead

:05:46. > :05:50.of being looked at carefully and looked after, for what they were

:05:51. > :05:56.prepared to do, they ended up losing their jobs and being vilified.

:05:57. > :05:58.Trying to get jobs within damages again they found themselves

:05:59. > :06:04.blackballed completely. You can understand why people are upset. Now

:06:05. > :06:10.we have a group representing nurses wanting an enquiry into these cases.

:06:11. > :06:17.The Times have a sad case of a radiographer who for 27 years worked

:06:18. > :06:22.in the NHS, in London. She noticed that on her colleague's timesheets

:06:23. > :06:27.that doctors were claiming for shifts that they shouldn't have. She

:06:28. > :06:29.was a whistleblower, came forward and she was then investigated for

:06:30. > :06:35.fraud and she then lost her job. Can't get a new one. She has been

:06:36. > :06:37.applied for many other jobs but when it comes up that she was a

:06:38. > :06:43.whistleblower the jobs melt away. So, she is now... And as a

:06:44. > :06:50.radiographer, the NHS is public the one real employer. She now has

:06:51. > :06:56.breast cancer and experts say it is as a result of the stress. I'm sure

:06:57. > :07:00.there are other people, and there are other cases, where people have

:07:01. > :07:03.been vilified. At Jeremy Hunt said, especially after the Mid

:07:04. > :07:11.Staffordshire case, that the NHS would protect whistleblowers. The

:07:12. > :07:18.point about whistleblowers in the whole of society, they actually play

:07:19. > :07:22.a vital role because regulators are generally pretty incompetent. The

:07:23. > :07:25.best people placed to highlight things that are going wrong in the

:07:26. > :07:30.financial sector in the NHS, wherever, are whistleblowers. If you

:07:31. > :07:37.look at the financial sector, I think it was one of the big banks

:07:38. > :07:41.that actually did whistleblower. I read an interview from the guy. He

:07:42. > :07:45.said his life was destroyed. He couldn't get a new job, he was very

:07:46. > :07:51.ill, the bank turned around and sued him. In America, the American

:07:52. > :07:56.regulator for the financial industry does actually pay whistleblowers are

:07:57. > :08:00.better `` a percentage of any fine imposed on the wrong firm. I think

:08:01. > :08:05.it's not just the NHS. Whistleblowers are very important

:08:06. > :08:09.for society and they should be treasured and looked after, whereas

:08:10. > :08:15.it seems in all sections they are actually vilified and treated

:08:16. > :08:20.shabbily. People care so much about the job a lot which is why they come

:08:21. > :08:25.forward. These are the people we want working in these institutions.

:08:26. > :08:32.Yes. Staying with the Times. The busy turmoil as Lord Patten quits

:08:33. > :08:36.after heart surgery. Very sad story for Lord Patten. Clearly loved his

:08:37. > :08:39.job at the BBC and clearly very unwell at the moment. It does

:08:40. > :08:46.question the BBC's succession policy, as in companies that plan is

:08:47. > :08:50.to have a whole bunch of people coming up ready for the top job and

:08:51. > :08:54.there is a collation that perhaps the direction `` director`general at

:08:55. > :08:58.Birkenhead could step up. Clearly the BBC has had its fair share of

:08:59. > :09:03.scandals and problems over the past few years. It needs somebody at the

:09:04. > :09:07.top taking control and taking responsibility for some of the

:09:08. > :09:12.things that have gone wrong and some of the ways to change it going

:09:13. > :09:15.forward. A big job one would hope and that it gets big routes to fill

:09:16. > :09:22.it. He did have a pretty difficult time as chairman of the trust. The

:09:23. > :09:31.digital initiative, no one here knows what that is about. The Jimmy

:09:32. > :09:36.Savile enquiry, of course, a disaster. And executive payoffs. A

:09:37. > :09:42.lot of that stuff had nothing to do with him. On human terms, that has

:09:43. > :09:47.probably had a huge effect on his health. The stress of all that, what

:09:48. > :09:52.he has gone through, obviously there hasn't been a huge amount of

:09:53. > :09:55.sympathy before we found out about his heart problem. In those terms,

:09:56. > :09:58.those three years must have been hell. We think sometimes these

:09:59. > :10:04.people are bullet`proof but it has to affect them. He is probably

:10:05. > :10:07.better off out of the BBC at the moment but it leaves the BBC with a

:10:08. > :10:16.huge problem. Finding a replacement probably won't be easy. Over to the

:10:17. > :10:20.Financial Times. Swedish alert over Pfizer push for AstraZeneca. The

:10:21. > :10:26.Swedes say to be careful in allowing this to happen. This is Sweden's

:10:27. > :10:32.finance minister who says that back in 20 `` back in 2002 when Pfizer

:10:33. > :10:35.took over a company there, they made some very strong commitments, of

:10:36. > :10:40.course we have worries about jobs and research in this country, about

:10:41. > :10:46.7000 jobs at stake here, and he says they made strong commitments to

:10:47. > :10:49.research present in Sweden. He says they can overcome to the conclusion

:10:50. > :10:52.that they scaled down and focus on cost reduction. It seems that what

:10:53. > :10:57.they said upfront, they didn't actually deliver on. We have

:10:58. > :11:00.politicians from all sides, we have various views. Vince Cable is

:11:01. > :11:04.looking at this closely. Ed Miliband looking at it closely as well. There

:11:05. > :11:09.is a story next to this on the Financial Times' FrontPage, that

:11:10. > :11:15.voters are turning against the business culture. Two thirds of

:11:16. > :11:20.voters, `` want the government to be tougher with big business. You can

:11:21. > :11:24.therefore understand why the Lib Dems and Labour are looking at this

:11:25. > :11:27.closer because they can see that it is evolving. If they are going to be

:11:28. > :11:33.on the side of jobs, rather than big reason is, coming in and flashing

:11:34. > :11:39.big paycheques... But should politicians be getting involved? Is

:11:40. > :11:42.about shareholders. Politicians should look at it but they should

:11:43. > :11:48.not be tempted to interfere too much. What's the point of looking at

:11:49. > :11:53.it then? French model, which is to protect business, when the French ``

:11:54. > :11:59.when the French yoghurt maker was interested in buying Danone, the

:12:00. > :12:05.French said it was in their interests to protect yoghurt. I

:12:06. > :12:08.would hardly say the French model is one to mimic because the French

:12:09. > :12:13.economy is in pretty dire straits and many of their businesses are not

:12:14. > :12:17.doing well. Being protectionist hasn't worked for the French. One

:12:18. > :12:22.comment I would make is AstraZeneca, by refusing to speak to

:12:23. > :12:30.Pfizer and driving the offer price up, if Pfizer ends up paying more

:12:31. > :12:36.money for AstraZeneca, they will drop more jobs because they need to

:12:37. > :12:39.make the financials work. So, I would caution AstraZeneca management

:12:40. > :12:42.to be too aggressive demanding very top dollar from Pfizer because that

:12:43. > :12:46.means Pfizer will have to cut even more cost to make the deal work.

:12:47. > :12:54.We will see what happens with that. Onto the Express. Your paper. The

:12:55. > :13:00.world's greatest. He says that without a smile. On the front of the

:13:01. > :13:05.paper. Release of prisoners as police step up hunt. A man on day

:13:06. > :13:13.release, even though he was supposed to be stepping `` serving three life

:13:14. > :13:19.sentences. Michael Wheatley. This has been going on since Saturday.

:13:20. > :13:25.This guy, 13 life sentences, just walked out of prison in Kent. He got

:13:26. > :13:29.that nickname by pistol whipping victims during bank raids. You

:13:30. > :13:36.wonder, it sets off alarm bells, but at the same time, the liberal in

:13:37. > :13:44.the, you don't hear of all of the guys who come out and back in. This

:13:45. > :13:46.is a remarkable case. There are thousands of these guys everywhere.

:13:47. > :13:50.You can understand why Tory MPs have had a go at the officials who

:13:51. > :13:52.allowed this one out AT hasn't come back. Then again, we are dealing

:13:53. > :13:59.with the rationale of a guy called the Skull Cracker. But he had to

:14:00. > :14:06.serve at least eight years. He has done that. That's the law. But he

:14:07. > :14:12.hasn't stayed within the law now. He can't be trusted. I find it bizarre

:14:13. > :14:18.when we talk about politicians wanting to get re`elected. You do

:14:19. > :14:24.actually have the power to do something about it. You set the laws

:14:25. > :14:27.in place that allow this to happen. Why are you then complaining it is

:14:28. > :14:31.happening. We have an independent judiciary in this country. But

:14:32. > :14:37.sentencing follows guidelines. They are only guidelines. We do have

:14:38. > :14:43.professionals that serve in the prison sent... That serve in the

:14:44. > :14:49.prison system, that underlies him. Sometimes people are only human and

:14:50. > :14:54.they do make mistakes. I hope there isn't anyone called Fence Jumper

:14:55. > :15:01.coming up for parole. We shouldn't laugh! I am going to give you a

:15:02. > :15:05.quote here. I did not have sexual relations with that woman, Monica

:15:06. > :15:11.Lewinsky, I never told anybody to light, never. These allegations are

:15:12. > :15:18.false and I need to go back to work for the American people. Who is

:15:19. > :15:20.that? Bill Clinton! It is the front of the Independent because she is

:15:21. > :15:25.apparently speaking about the relationship for the first time.

:15:26. > :15:28.They have a great photo of her with this enormous smile on her face.

:15:29. > :15:36.Bill Clinton has a pretty big smile on his face as well. Easy, tiger!

:15:37. > :15:43.They look pretty pleased to see each other. This is an interview she did

:15:44. > :15:52.with Vanity Fair magazine. She is now 40, a great age for women, and

:15:53. > :15:56.this is going back almost 20 years. I feel a bit sorry for him. She says

:15:57. > :15:59.it ruined her life. `` sorry for her. You can see why. She is one of

:16:00. > :16:02.the most famous women in the world, for the wrong reasons. It would be

:16:03. > :16:09.difficult to go on and have a career afterwards, a normal life. Husband,

:16:10. > :16:13.kids, everything else we moan about bite it is what gives us so much

:16:14. > :16:18.joy. I feel sorry for her, that almost 20 years later she is still

:16:19. > :16:23.having to do this. She did write a book at the time. She did. I covered

:16:24. > :16:37.this story from the beginning to the end. It hasn't ended yet. She

:16:38. > :16:45.started making handbags. Ten years ago she wrote the book. I met her

:16:46. > :16:48.when she was promoting the book. Me, Andrew Morton, a photographer, and

:16:49. > :16:55.some other people, in a fish and chip shop in Leeds, she had has been

:16:56. > :16:59.signing some books in Leeds. She had fish and chips and a pint of beer,

:17:00. > :17:08.and I moved the bins so her car could get in. A nice one! It has

:17:09. > :17:16.been great having both of you in. Many thanks. Stay with us, at the

:17:17. > :17:19.top of the hour we will bring you more political reaction to that

:17:20. > :17:24.potential American takeover of the British drugs firm AstraZeneca. Now,

:17:25. > :17:40.it is time for Sport Today. Hello and welcome to Sportsday with

:17:41. > :17:43.me, Ore Oduba. Coming up tonight: A debut double ` 18`year`old James

:17:44. > :17:45.Wilson scores twice as Manchester United beat Hull