:00:00. > :00:00.Celtic, and have the latest as England and India prepare for the
:00:00. > :00:00.fourth test at Old Trafford. That is all in sports day, in 15 minutes
:00:00. > :00:19.after the papers. Hello, and welcome to our look
:00:20. > :00:22.ahead to what the the papers With me are Caroline Daniel,
:00:23. > :00:25.Editor of the Weekend edition of the Financial Times,
:00:26. > :00:27.and Eleanor Mills, Editorial with The Financial Times, which
:00:28. > :00:32.says health companies may be halted by
:00:33. > :00:36.the potential closure of a US tax The Metro leads with the two
:00:37. > :00:40.British students murdered in Malaysia. It
:00:41. > :00:44.says they were stabbed for being too it says Tropical Storm Bertha will
:00:45. > :00:53.hit the UK on Sunday; The Telegraph claims that hundreds
:00:54. > :00:56.of thousands of people are preparing to withdraw about ?26 billion from
:00:57. > :00:59.their pension pots over the next 5 years under the government's pension
:01:00. > :01:01.reforms ` and also says Boris Johnson could become Business
:01:02. > :01:04.Secretary if the Conservatives win divisons over Gaza, and why this
:01:05. > :01:16.simian "selfie" is costing a wildlife photographer thousands of
:01:17. > :01:20.pounds in a copyright dispute. The Guardian says that Boris
:01:21. > :01:23.Johnson's possible return to the House of Commons is causing anxiety
:01:24. > :01:26.in Conservative ranks over a future threat to David Cameron's
:01:27. > :01:28.leadership. While the Times claims that the
:01:29. > :01:31.London mayor faces a race against time to find a constituency before
:01:32. > :01:46.next year's election. We will begin with the front of the
:01:47. > :01:53.Telegraph, and inevitably, Lenore, Boris Johnson. He is back! As if he
:01:54. > :01:57.ever went away. Welcomer he did not really go away. But I think we have
:01:58. > :02:02.been waiting for this announcement that he was going to try to run for
:02:03. > :02:05.a seat in Parliament. We knew that he was going to say it, and that if
:02:06. > :02:08.he did he would do it before the Tory conference, because in the last
:02:09. > :02:12.two years it has been very overshadowed by what he would or
:02:13. > :02:19.would not do. I think it is rather exciting. I think it may be linked
:02:20. > :02:22.to the fact that this prime seat in Uxbridge is coming up in the next
:02:23. > :02:26.couple of weeks, which, since he is going to have to go on being Mayor
:02:27. > :02:29.of London, might be a good one for him to do, because it would be
:02:30. > :02:34.convenient, and also he could go on doing his London stuff. I am not
:02:35. > :02:39.that surprised actually. I think that this has been the mood music
:02:40. > :02:42.for a long time, and Cameron has been very magnanimous about having
:02:43. > :02:45.his best player back on the pitch. They are trying to pretend they are
:02:46. > :02:50.one happy team, but we know that what Boris really wants is David
:02:51. > :02:52.Cameron's job. Well, according to the Telegraph he is in line to the
:02:53. > :02:57.Business Secretary. They are slightly ahead of themselves. Well,
:02:58. > :03:00.everybody else has the story, so the Telegraph decided to gild the lily
:03:01. > :03:04.by adding this. It is a baffling line to me. As if that is really
:03:05. > :03:07.going to entice Boris into Parliament any quicker, the promise
:03:08. > :03:10.of potentially being Business Secretary if they potentially win
:03:11. > :03:14.the next election. It is especially weird since the next election. It is
:03:15. > :03:18.especially weird Santi Atchley said today position until after the mayor
:03:19. > :03:24.of thing finishes. `` especially weird since he said today. And with
:03:25. > :03:27.the whole thing orchestrated by David Cameron, the tone is full of
:03:28. > :03:32.language about clashing and a split in the Tory party. It is about how
:03:33. > :03:36.his return will destabilise the Commons. It is a slightly weird
:03:37. > :03:40.story, trying to have the cake and eat it. Yes, there was a reference
:03:41. > :03:43.to an earlier clash this year with Michael Gove in this piece. There is
:03:44. > :03:48.the suggestion that that relationship... There is interesting
:03:49. > :03:51.factionalism here. We know that George Osborne is really the man who
:03:52. > :03:54.would like to be leader after David Cameron goes. And Michael Gove,
:03:55. > :03:57.earlier this year, was very outspoken about how he thought Boris
:03:58. > :04:02.Johnson was an unfit person. Boris was furious about it. So Michael
:04:03. > :04:06.Gove is very much backing George Osborne, and George Osborne has very
:04:07. > :04:10.carefully put in a lot of his own people. I think Osborne will very
:04:11. > :04:13.much be the man to beat. Boris does have this capacity to reach parts of
:04:14. > :04:20.the electorate which other Tory politicians just don't. In London,
:04:21. > :04:26.which leans towards Labour, one in five Labour voters voted for Boris.
:04:27. > :04:31.And he has appeared amongst those where people think Cameron and
:04:32. > :04:35.Osborne are hopeless posh boys. Boris is frankly posh as well, but
:04:36. > :04:38.because he seems real, and he is funny, today he was doing it with
:04:39. > :04:42.assertiveness and the weasel words. He is very good at playing the
:04:43. > :04:46.gallery. And he is still incredibly popular in London. 60% approval
:04:47. > :04:50.ratings. Caroline, take us into the express' coverage as well, because
:04:51. > :04:54.they are focusing on some of things that are being said with regards to
:04:55. > :04:57.the EU. I think in some ways there will be focusing the next few days
:04:58. > :05:00.on the European angle. This was a big speech on Europe, and the next
:05:01. > :05:04.stage will be, what does this mean the UKIP? His intervention, it is so
:05:05. > :05:08.powerful comic is basically saying we do not need to be paranoid and
:05:09. > :05:11.scared about pulling out of Europe. He said some quite significant
:05:12. > :05:14.things about how we have a great and glorious future outside the EU. He
:05:15. > :05:17.is trying to build a very positive case for this debate, rather than
:05:18. > :05:22.actually saying that everybody has been very concerned and unhappy
:05:23. > :05:24.about the referendum debate. What he said in the report is highly
:05:25. > :05:29.political, highly aggressive about his EU agenda. It was a very long
:05:30. > :05:33.and major report. I think the attention, if I was Nigel Farage
:05:34. > :05:37.tonight, looking at that, I wouldn't worry about this being a cornerstone
:05:38. > :05:41.of David Cameron's EU debate. I think Boris is being very clever,
:05:42. > :05:44.because really the keystone of Nigel Farage's appeal is this idea that we
:05:45. > :05:48.have no control over how many people come here from the rest of Europe.
:05:49. > :05:51.As that is one of the key things that Boris said today, was that he
:05:52. > :05:56.really wants to limit that kind of free European immigration. But he is
:05:57. > :06:01.also, interestingly, on the part of the city, he is very pro`the kind of
:06:02. > :06:09.immigration, the kind of skills that we need. It is quite a kind of
:06:10. > :06:13.nuanced picture. And to be fair to Boris, he does know about Brussels.
:06:14. > :06:17.When I first worked with him, when I was on the Telegraph, 20 years ago,
:06:18. > :06:21.I'm getting ancient, he was the man who talked about the straight
:06:22. > :06:25.bananas. He has always been withering about European legislation
:06:26. > :06:29.and how crazy it isn't Howard Raps businesses and red tape. He been
:06:30. > :06:32.consistent on this, and I think he has also noticed that the only way
:06:33. > :06:35.you negotiate with the EU with any kind of power is if they really
:06:36. > :06:40.think that you might walk out. So he has been critical about Cameron, in
:06:41. > :06:43.a way, conceding too much in saying that he will lead a yes campaign and
:06:44. > :06:47.does not really want to go out. It is a pitch to UKIP, but I also think
:06:48. > :06:53.he believes it. And according to your paper, Caroline, he has
:06:54. > :06:59.bombshells Westminster. We love alliteration in the headline. As I
:07:00. > :07:01.said, I think what is going to be interesting is that Boris Johnson is
:07:02. > :07:06.such a global figure. I think it will be fascinating looking at the
:07:07. > :07:09.coverage overseas, especially in Europe, about his speech. I think
:07:10. > :07:13.they will put this up and be worried about it. We will stay with you and
:07:14. > :07:17.your paper, because the main story there, European health groups hit by
:07:18. > :07:21.US tax inversion doubts. That might not be a headline, but it captures
:07:22. > :07:27.everybody in the morning, and I know you can tell me that message and
:07:28. > :07:30.what it means. I will try to translate it into compensating wish.
:07:31. > :07:38.You are too modest. You are very good at this. The reason it matters,
:07:39. > :07:41.we all remember the big Pfizer deal. It wanted by AstraZeneca. The reason
:07:42. > :07:43.it wanted to do so was because of tax reasons. They have very high
:07:44. > :07:48.corporate taxes in America, and there has been a sort of mechanism
:07:49. > :07:52.of moving headquarters from the US to the UK, by buying an asset over
:07:53. > :07:55.here, and saving lots of money on tax. So that all these tax driven
:07:56. > :08:00.deals have lifted the pharmaceutical sector hugely. And what is happening
:08:01. > :08:03.in America now, this week, is that Obama, the Obama administration,
:08:04. > :08:08.they have decided to get concerned about big American companies, like
:08:09. > :08:11.Walgreens, which is as famous as Boots is here, coming over and
:08:12. > :08:14.moving their headquarters overseas. The reason this matters is that it
:08:15. > :08:17.suggests that Pfizer, which is obviously been watching the politics
:08:18. > :08:21.of the tax debate very closely, may not now be able to come back.
:08:22. > :08:24.Because it is getting so politically difficult. So what happened today is
:08:25. > :08:27.that Walgreen said they are not going to do a tax inversion in the
:08:28. > :08:30.way everybody was expecting. Announcing that they cost than $8
:08:31. > :08:34.billion in their share price falling, because everybody had been
:08:35. > :08:38.expecting all these lovely tax benefits. I think it is an important
:08:39. > :08:42.corporate story, because a lot of people here were worried about jobs
:08:43. > :08:47.in the UK, American companies buying up British jobs for tax reasons. I
:08:48. > :08:51.was about to make that point. There are some people here who will think
:08:52. > :08:57.that if they do not come back, that is good news. Exactly, yes. We will
:08:58. > :09:03.go back to the Telegraph for a moment. And now lead, a ?4 billion
:09:04. > :09:08.tax bonanza, 650,000 cash in pensions. This is the idea that we
:09:09. > :09:12.can dip into our pension pot, well, not when we choose to, but at the
:09:13. > :09:16.moment that we would be entitled to? You do not have to buy one of those
:09:17. > :09:20.pesky annuities which pay rubbish rates. When this was launched, it
:09:21. > :09:25.was all that stuff about how you could go buy a Lamborghini or a
:09:26. > :09:28.Ferrari. Like those people in Knightsbridge were running around in
:09:29. > :09:33.supercars. This is saying that if you take out your cash to buy your
:09:34. > :09:38.supercar, you may get hit with a big tax thing. So if it is over the
:09:39. > :09:43.40,000 threshold, you get hit with 40% tax. And it goes to a bigger
:09:44. > :09:46.question, which is about whether these people are going to get the
:09:47. > :09:49.right kind of advice. There is lots of anxiety, because one of the key
:09:50. > :09:53.parts of the promise, when George Osborne made it, was that people
:09:54. > :09:56.would get really good advice about what to do. I think there is a big
:09:57. > :10:00.fear that basically the government will take this ?4 billion tax
:10:01. > :10:09.bonanza when people start cashing in their pensions, and they will not be
:10:10. > :10:12.given the advice warning them that if they do, they are likely to lose
:10:13. > :10:14.half their pension pot to the Treasury. And as we said earlier, it
:10:15. > :10:17.is a bit annoying, because you have already been taxed on that money.
:10:18. > :10:20.But from George Osborne's point of view, if ?4 billion of me appears in
:10:21. > :10:23.the coppers, he will not be too concerned about that. Well, they are
:10:24. > :10:27.trying to put a number on the number of people likely to do this. The
:10:28. > :10:30.average amount people are looking to take out is ?40,000. In my mind, the
:10:31. > :10:34.average pension for a lot of people is much lower than that. I think
:10:35. > :10:47.we're really talking about wealthy people taking a lot of their money
:10:48. > :10:53.out of some of schemes. Inevitably, if you have more money, you will get
:10:54. > :10:59.better advice. There are such low yields as well that you will
:11:00. > :11:12.probably want to invest your money in property. People have a right to
:11:13. > :11:18.take out them money. A quick words regarding the Lib Dems and Gaza. It
:11:19. > :11:24.is less of a story than meets the wife. Following Baroness Warsi
:11:25. > :11:34.criticising the government on its policy overseas, there has been a
:11:35. > :11:39.lot more piling in with other people criticising David Cameron's
:11:40. > :11:46.position. Nick Clegg is talking about arms sales to Israel being
:11:47. > :11:50.stopped. There is a bit of a ground swell against David Cameron's
:11:51. > :11:59.policy. Let's just take the photograph in. It's glorious. It is
:12:00. > :12:10.one of the silly season's great stories. The macaque was
:12:11. > :12:15.photographed with the kids of the Gloucestershire photographer. He
:12:16. > :12:19.nicked the camera and started taking photographs of himself. There is an
:12:20. > :12:27.interesting copyright argument going on. Anyone can use this picture
:12:28. > :12:34.without paying for it. However, people are saying the monkey took
:12:35. > :12:37.it, so they don't have to pay royalties to the photographer. The
:12:38. > :12:41.photographer saying it belongs to him because the monkey can't go out
:12:42. > :12:48.and buy a camera. I love the fact that the US law says that nonhuman
:12:49. > :12:59.authors do not have the automatic right to copyrights. `` copyright.
:13:00. > :13:05.Do they get it eventually? I really feel so for the photographer. I feel
:13:06. > :13:10.sorry for the monkey. I feel sorry for all of them! We will have to end
:13:11. > :13:20.it there. That is it for now. We'll be back at 11:30pm. Stay with us
:13:21. > :13:23.here on BBC News. At 11pm, the Mayor of London Boris Johnson says he
:13:24. > :13:43.wants to stand for a Parliamentary seat at the next general election.
:13:44. > :13:44.Next, it's Sportsday. Welcome to