06/05/2014 The Papers

of his baby, Roger Federer and his partner have welcomed twins for the

second time. First, the papers. Hello and welcome to our look ahead

to what the papers will be bringing us tomorrow. With me are the

financial analyst Louise Cooper, and Michael Booker, deputy editor of The

Daily Express. We are going to start with the Independent, claiming the

Coalition partners are on a colour `` collision course. The Daily

Telegraph says think tank is warning of a housing bubble which must be

prevented. That is also the story on the Daily Mail. The Daily Express is

going with the story about the police hunt for Madeline McCann. The

Financial Times is leading with AstraZeneca, and warnings from

Sweden about what Pfizer failed to do when it bought a Swedish company.

We are going to start with the Telegraph. There is a housing

bubble, isn't there? It depends where you look, in the south`east

and the rest of the country not necessarily so. The OECD has not got

the best track record at forecasting, and to be fair all of

these organisations completely missed the housing bubble the first

time round in the financial crisis. When we get these warnings, one has

to take them slightly with a pinch of salt. Housing is like any other

goods, it is about supply and demand. It is very simple what this

country needs to do, which is build more houses. I don't know why

have to have these complicated schemes, Help To Buy, the Bank of

England also getting involved. Just build more houses! Indeed but if it

was that easy we would just knock them up, wouldn't we? The Labour

government, what would be a Labour government, said they were going to

build up to a million houses. With what money? We will have to wait and

see. I like to see the think tanks thinking but it is always the

obvious stuff. This is already happening. Mortgages are already

creeping up so lenders are looking at people more forensically. I

mentioned this last time I was on here, we remortgaged recently and

they are looking at everything. The Bank of England could put up

interest rates if they wanted. They are meeting this week. We are not

expecting them to raise rates but there has been speculation that in

June they may do something to dampen down the housing bubble. Like what?

They could speak to the Government about the Help To Buy scheme, they

could reduce the banks' leverages. I know you tease me, but we just need

to build more houses in this country. Either we do that

privately, publicly, however we need to do it, we just need to build more

houses. In the meantime, while we find the cash, we find people who

are not NIMBYs. That is the tough one. In the meantime there is going

to be an increase in prices. The man or woman in the street, the anything

in the street, they like to see that house prices going up! What about

your children? They will have to make their own luck. At the moment

people are thinking pensions are not worth anything so hopefully we will

be able to hand on our houses to our children. They will have to share

them. Staying with the Telegraph, 50,000 dementia carers forced to

give up work. This is on the back of an advertising campaign that will be

on tomorrow evening. You hear more and more anecdotal evidence from

people in your life who have got friends and family, caring for

people with dementia. One in eight people is looking after someone with

dementia, with more than half juggling work and other duties. They

cannot work and look after people at the same time and it is going to be

an increasing problem, as lives are extended. What does society do about

an ageing population in this regard? That is the problem, the increased

costs to the NHS. Costs will only go one way and it is something the

political class has put not exactly on the back burner but it is kind of

ignoring it. At a time when we are clearly a heavily indebted nation,

long`term care costs are somewhat being ignored. David Cameron has

come out a few times talking about dementia in the last couple of years

and I think they are trying to get hold of it because it is going to

get worse and worse. Onto the Guardian and Whitehall is calling a

halt on the NHS reforms. This is a plan to cut costs in hospitals and

to provide care in people's homes so people long`term conditions, the

elderly, the frail, people with diabetes except. A bit like the

dementia story really. It is much cheaper if they are looked after in

their own homes but the tricky part is getting the NHS to work together.

Also the financial sons never seem to have been done and at the moment

it has been put on hold. ?3.8 billion, that is a lot of money. One

would hope they have thought through the financial plans. The Guardian

has learned that plans to save money lacked financial credibility with

little or no detail. There are a lot of words in this story but it

doesn't get to the centre of how it would work. You get the impression

the Cabinet office have looked at this, it has a great name, it is

going to work, and there doesn't seem to be much detail as to how it

will work. People at Whitehall seemed to be thinking, we don't know

if savings will be made, and they are shelving it. One assumes this

whole thing should be shelved, they are not doing it because they don't

think it will work? The Government office so far don't think the plans

are credible enough, and the advisers of David Cameron are saying

it is short lived and we have to wait and see how it will work.

Basically Jeremy Hunt will go back. A spokesperson saying the Government

is being about it. `` bullish about it. Jeromy Brand joins the A`level

syllabus? This is a move by the exam board who has teamed up with the

charity. Catlin Moran from The Times, dizzy rascal and our hero,

the leader of the cultural Revolution, Russell Brand, the

funniest man in the world are involved. However the education

Department have looked at this and launched a scathing attack. Schools

should be aware that if they offer this rubbish in place of a proper

A`level, pupils may not get into good universities, but it sounds

like an interesting idea. These are the texts... There is nothing wrong

with getting in tune with popular culture. Part of me thinks the

spoken word is very important, it is what you do for a living, and the

way we use language changes and evolves. Twitter users a new way of

speaking, but on the other hand Shakespeare has stood the test of

time for so many years. One wonders if in five years we will be still

talking about Russell Brand, although I'm sure he would like us

to be. There is a great quote from the exam board, historically English

language and literature A`level has lacked a clearly defined identity by

creating a new model with a linguistic approach to texts we aim

to set the gold standard to transform the A`level to a more

valuable distinctive qualification. This is a man who are supposed to be

an expert of English, and I wonder isn't the point of language to be

comprehensible! We are now going to go on to the Independent.

AstraZeneca, Britain's future is not a tax haven. What do they say about

journalists, don't let facts stand in the way of a good story. I

sometimes wonder if politicians share some characteristics of

journalism because I kind of think Vince cable is slightly over writing

this story. There is a lot of political concern about this

transaction. I wonder if we need two select committees to look into it. I

would think that one would do, but we have got two looking into it.

Also this whole thing, we cannot let Americans take over British

businesses. Astra is a Swedish company, and the clue is in the

name. Warner Lambert, Pharmacea and Wyatt labs, three companies taken

over by Pfizer and asset stripped. Asset stripped! Mr Cable is trying

to save British jobs. It's a terminology that you use, asset

stripped. I'm playing devil's advocate. To be controversial in

order to make a story exciting. No. As we go towards the election, a

year to go. People use words like asset stripped. You can see

situations like these are set pieces for politicians to put their stand

there. The Lib Dems and Labour to a certain extent want to be seen on

the side of the common man... Or woman, you've done it again. The

common anything. Protecting jobs. On the other side the Tories say look,

Britain is great for Britain. Can I point out, if you have, OK, so

Pfizer clearly this is cost`cutting transaction. Be under no mistake.

Of. It A lot of it. Do you want `` Part of it. Do you want a

pharmaceutical company to charge very high prices to our Government

because it's overly bloated and fat and full of of costs. It's the

question they're all asking. Now you're teasing me.

Guys, you're back in an hour's time to look at some of the stories

behind the headlines. Many thanks for that. Stay with us here on BBC

News. At the top of the hour, we will have much more on what we've

just been discussing, that suggesting US takeover of the

British drugs firm AstraZeneca. Now it's Sportsday.

Hi there. Welcome to Sportsday. Coming up tonight: A debut double.

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