27/05/2014 The Papers


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


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


Open in 15 minutes, after the papers.


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


us tomorrow. With me is a psychotherapist and writer Philippa


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


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


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


delays to banking reforms risks destabilising the global economy.


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


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


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


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


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


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


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


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


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


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


with the Independent. Liberal Democrat disarray over claims the


Oakeshott commission did secret polling to undermine Nick Clegg.


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


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


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


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


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


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


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


wording is that his actions are totally inexcusable and an


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


leader could dramatically alter Liberal Democrat fortunes,


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


occasionally run up against the Conservatives, it has been Vince


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


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


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


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


race prejudice across Britain. Parties struggle with the


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


threatens social cohesion and the stability of the economic system,


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


because nothing has changed. And Christine Lagarde speaks explicitly


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


push through legislation for something like the bedroom tax and


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Hello and welcome to Sportsday with me Will Perry, the


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