06/05/2014 The Papers


06/05/2014

No need to wait to see what's in the papers - tune in for a lively and informed conversation about the next day's headlines.


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

:00:00.:00:00.

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

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

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

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

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

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

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

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

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Financial Times is leading with AstraZeneca, and warnings from

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

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

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

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

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

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these organisations completely missed the housing bubble the first

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

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

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

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

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

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

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

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

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

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

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obvious stuff. This is already happening. Mortgages are already

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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has learned that plans to save money lacked financial credibility with

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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the leader of the cultural Revolution, Russell Brand, the

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funniest man in the world are involved. However the education

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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sometimes wonder if politicians share some characteristics of

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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pharmaceutical company to charge very high prices to our Government

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

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

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

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

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

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just been discussing, that suggesting US takeover of the

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British drugs firm AstraZeneca. Now it's Sportsday.

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

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18`year`old James Wilson scores twice as Manchester United beat Hull

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