27/05/2014 The Papers


27/05/2014

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. Presented by Clive Myrie.


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Tottenham's 10th manager since 2001, replacing Tim Sherwood. And we

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will tell you how Heather Watson and Andy Murray got on in the French

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Open in 15 minutes, after the papers.

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Hello and welcome to our look ahead to what the papers will be bringing

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us tomorrow. With me is a psychotherapist and writer Philippa

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Perry, and Simon Watkins from the Mail on Sunday. Let's look at the

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front pages, starting with the Financial Times, which carries a

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warning from head of the IMF, Christine Lagarde, which warns that

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delays to banking reforms risks destabilising the global economy.

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And a polling station on the front of the Independent, but they are

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leading on the botched coup against Nick Clegg. The Metro has more

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detail from Rolf Harris's court case. He and his daughter are also

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pictured on the front of the Daily Express but they headline that ?30

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million a year of child benefit is sent abroad. The Daily Telegraph is

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reporting on new guidance that one third of the population should be

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sent to state funded slimming classes. That story is also on the

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front of the Daily Mail. The Guardian is reporting on the rising

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tide of racial prejudice across Britain. We are going to discuss

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that a bit later, that particular story, but we are going to start

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with the Independent. Liberal Democrat disarray over claims the

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Oakeshott commission did secret polling to undermine Nick Clegg.

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Yes, it is a bit of a mess, it seems to me. Oakeshott and Vince Cable. He

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has long been regarded by a lot of people as being an unofficial

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mouthpiece for Vince Cable. They are certainly close and they share

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views. Vince Cable has gone out of his way to say this is nothing to do

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with him. He has always protested that Oakeshott is not his mouthpiece

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but they are regarded as being closely linked. It is a dramatic

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turn out so shortly after the election, it seems to me. The

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wording is that his actions are totally inexcusable and an

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acceptable. It has got quite fierce quite suddenly. Why would Oakeshott,

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a back and a firm friend of Vince Cable, want to put him forward for a

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job that is frankly a poisoned chalice? We know the Liberal

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Democrats will have a tough time next year. I agree. That is a very

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odd question. With the best will in the world... It is difficult to know

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what the motivation for people's actions are. We can only guess at

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them. But when people are down and vulnerable, that is when they get

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attacked. Maybe this is a case like that. Philippa, is there any way the

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Liberal Democrats can rescue the situation? Is a change of leader the

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way forward? I always think it is a shame that when a leader has made a

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mistake, or is doing badly, and I am not saying Nick Clegg is or has,

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that we seek immediately to replace them because surely we learn from

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our mistakes and we would be better to stay in power? I am not always

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sure that if somebody is doing badly that it is always the best policy to

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replace them anyway. I have to say that I find it hard to believe that

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with only one year to go before a general election that a change of

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leader could dramatically alter Liberal Democrat fortunes,

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particularly since it would take a couple of months at least. I am not

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sure what machinations they would have to go to to change their leader

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but it is more corrugated than other parties. The way people vote anyway

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is not necessarily rational. If Nick Clegg could be more relaxed and

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open, and he is very handsome, then he could win votes, just by relaxing

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a bit. And stuttering less. Well! One suspect it is deeper than that

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really. If you are a party leader and you say you will not raise

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tuition fees and then you do in power, there is a credibility gap,

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isn't there? That is a credibility gap are fundamentally part of the

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problem. There is a huge credibility gap and he does not seem to have the

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charisma to fill that gap yet but who knows what next year will bring?

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Doesn't have the charisma? He was flying high in the run`up to 2010. I

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agree with Nick, as everyone said. So what happened? Power is what

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happened. The wheels hit the road. Isn't that the problem? He may have

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been corrupted by power. I am not saying he was corrupted that there

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are realities that kick in when you are in Government. He has been

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attacked again and again and again in all forms of media. Why would

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that not have an impact on him? He is looking pretty vulnerable these

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days. That makes me warm towards him than I have for a long time. The

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difference between Nick Clegg and Vince Cable and the way they have

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come across in the coalition is that the line from Nick Clegg has always

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been they have been a beneficial force, reining in the Conservatives

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from extreme things they might have done, but nobody can rightly or

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wrongly see that in him but they can see it in Vince Cable. If you think

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about who has been a troublemaker in the Liberal Democrats and has

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occasionally run up against the Conservatives, it has been Vince

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Cable. Rightly or wrongly, in actual fact he probably personifies Mork

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the thorn in the side of the coalition, stopping it being quite

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as Tory as it could have been. `` personifies more. So it is

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potentially perception? Yes. Very interesting. Now the rising tide of

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race prejudice across Britain. Parties struggle with the

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immigration message. What is this about? Well, racial prejudice is

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pretty high at the moment. The UKIP success in the European elections

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has been ascribed to that. When you are feeling fearful because your

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income is going down and your money is less, rather than blame the

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oppressors, what people seem to do is blame the layer underneath them,

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which might be the newest immigrants into the country. They seem to want

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to attack those that they see may be coming up just behind them and they

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feel a threat from that. It is not a real threat, I don't think. It is

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just an easy threat. An easy threat to identify. But I don't think it is

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justified. You don't think it is any deeper than that? I think that when

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we feel fearful, we want to find an object to project that fear onto,

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and to blame, to blame for our fear. I think people do feel fearful when

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they don't know whether they are going to be able to make ends meet.

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OK. This is new data from a British social attitudes survey.

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Interestingly, it said that London is the place reporting the lowest

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levels of racial prejudice, according to the survey, and of

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course UKIP did the worst in London. And it is also the most mixed

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ethnically in the country, along with some other urban conurbations.

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So people of a different race are less likely to be the other and more

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likely to be your friend. Your neighbours, yes. Interesting. Let's

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go on to the business pages of the Independent. Rising inequality as

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the average USG's paid topped $10 million. It is extraordinary and

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something that I think paves the way to things we have been talking

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about, the public's perception of what is going on in society at the

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moment. Ordinary wages have not been rising in line with inflation. They

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are just about beginning to rise at the rate of inflation but only

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just. Ordinary people have been lagging behind. Rising inequality,

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senior executives earning more and more, it throws it into horrible

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sharp relief and causes discontent. From Mark Carney's point of view, it

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threatens social cohesion and the stability of the economic system,

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concern. This has been going on for concern. This has been going on for

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a long time and we don't seem to be bothered about changing things, do

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we? It would seem that we are not and that is quite worrying really.

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When we don't regulate bankers, they seem to justify taking more and more

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and giving less and less. So I am behind Christine Lagarde and Mark

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Carney wanting to regulate more. I don't think any of us humans can be

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trusted in a position of power. We can always justify why we should

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take more. I think we need to take that into account and forget about

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acting honourably and ethically just because we went to public school or

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something. That hasn't been shown to pan out. Gentleman capitalism died a

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long time ago. I have to explain that now. It died a long time ago!

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You bring us onto the front page of the Financial Times. Christine

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Lagarde warns about delaying tactics on new rules. You have alluded to

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it. Five years after one of the worst economic crashes since the

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great depression, the early 1920s, late 1920s, whatever. And we are

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still having to talk about whether or not the banks need for regulation

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because nothing has changed. And Christine Lagarde speaks explicitly

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about the pushback from the banking industry to regulation. It is

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clearly there. As a financial journalist, I see it constantly, new

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waves of regulation coming in and a constant resistance from the banking

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industry to it. At some quite deep level, they have not quite got it

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and they have not quite accepted how much things have to change. Thing

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that Christine Lagarde picks out as one of the key things is tackling

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the issue of banks that are too big to fail and Mark Carney raises it as

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well. In some ways this is more important than people that are

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genuinely crooked and deceiving. The question is whether we have a

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banking system that can weather future storms. It is pointless to

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pretend there will not be future storms and we need regulation in

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place that allows banks that fail, because they will fail in the

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future, to fail in a way that does not take the rest of us down in the

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future. That is what I think Mark Carney and critically guard are

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concerned about not having been done globally adequately yet. ``

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Christine Lagarde. It's very odd that it seems to be so similar foul

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push through legislation for something like the bedroom tax and

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yet, so difficult to regulate the banks. It seems very unfair. But

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that is an international, dealing with the banks is an international

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question. It is, so of course there's a lot more legalees to get

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through. But it's been shown that unregulated banks are not a good

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thing and we need more regulation. Yet... Or smarter regulation. Yes

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and yet we seem unable to do it because of objections by the banks.

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What are the objections to more regulation? I can imagine the head

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of City bank and JP Morgan and Goldman Sachs have President Obama

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number's `` President Obama's number on speed dial. Almost certainly.

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Talking about protecting their turf. The thing is the banking system is

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so intertwined with our economy and it is very easy for them argue rgs

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rightly or `` argue, rightly or wrongly, that the profitable

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function of their banks is important to all of us. If you regulate us too

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much will risk killing us. I'm ignorant on the subject of banks,

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but I don't understand why we can't nationalise the bank. It seems too

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important a system to give over to the profit`making enterprise. We are

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all dependent on it. Shouldn't it be run by central Government? Are you a

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Communist? It's just an idea. Is that a Communist idea? I'm not

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saying anything. Briefly, the Express, texting is ruining family

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meals. Is it? Apparently. That's what the Express says. I find it

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jolly handy to have Google at meal times. It helps widen the

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conversation sometimes to get a little bit of information in. I'm

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not a great advocate for having very strict rules like thou salt not text

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at meal times. `` shalt not text at meal times. It's great to stay

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around the table and eat together. Fwou say you must never, ever text

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and sometimes, I expect one's parents are really annoying and you

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need to talk to your friends about that. I'm not going to have a, like,

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you know, kick back reaction saying oh, this is terrible. . On that, I

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think controversial note, Philipa, Simon, you're back in an hour's time

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to look at more of the stories behind the headlines. Many thanks

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for that. Stay with us on BBC News. At the top of the hour, we could

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well have a press conference coming out of Brussels, after the meeting

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of leaders there, to try and work out how best to deal with the likes

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of Syriza in Greece and the Front National in France and UKIP in

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Britain. Now, though, it's time for Sportsday.

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Hello and welcome to Sportsday with me Will Perry, the

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