Browse content similar to 06/08/2014. Check below for episodes and series from the same categories and more!
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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. | :00:00. | |
after the papers. Hello, and welcome to our look | :00:00. | :00:19. | |
ahead to what the the papers With me are Caroline Daniel, | :00:20. | :00:22. | |
Editor of the Weekend edition of the Financial Times, | :00:23. | :00:25. | |
and Eleanor Mills, Editorial with The Financial Times, which | :00:26. | :00:27. | |
says health companies may be halted by | :00:28. | :00:32. | |
the potential closure of a US tax The Metro leads with the two | :00:33. | :00:36. | |
British students murdered in Malaysia. It | :00:37. | :00:40. | |
says they were stabbed for being too it says Tropical Storm Bertha will | :00:41. | :00:44. | |
hit the UK on Sunday; The Telegraph claims that hundreds | :00:45. | :00:53. | |
of thousands of people are preparing to withdraw about ?26 billion from | :00:54. | :00:56. | |
their pension pots over the next 5 years under the government's pension | :00:57. | :00:59. | |
reforms ` and also says Boris Johnson could become Business | :01:00. | :01:01. | |
Secretary if the Conservatives win divisons over Gaza, and why this | :01:02. | :01:04. | |
simian "selfie" is costing a wildlife photographer thousands of | :01:05. | :01:16. | |
pounds in a copyright dispute. The Guardian says that Boris | :01:17. | :01:20. | |
Johnson's possible return to the House of Commons is causing anxiety | :01:21. | :01:23. | |
in Conservative ranks over a future threat to David Cameron's | :01:24. | :01:26. | |
leadership. While the Times claims that the | :01:27. | :01:28. | |
London mayor faces a race against time to find a constituency before | :01:29. | :01:31. | |
next year's election. We will begin with the front of the | :01:32. | :01:46. | |
Telegraph, and inevitably, Lenore, Boris Johnson. He is back! As if he | :01:47. | :01:53. | |
ever went away. Welcomer he did not really go away. But I think we have | :01:54. | :01:57. | |
been waiting for this announcement that he was going to try to run for | :01:58. | :02:02. | |
a seat in Parliament. We knew that he was going to say it, and that if | :02:03. | :02:05. | |
he did he would do it before the Tory conference, because in the last | :02:06. | :02:08. | |
two years it has been very overshadowed by what he would or | :02:09. | :02:12. | |
would not do. I think it is rather exciting. I think it may be linked | :02:13. | :02:19. | |
to the fact that this prime seat in Uxbridge is coming up in the next | :02:20. | :02:22. | |
couple of weeks, which, since he is going to have to go on being Mayor | :02:23. | :02:26. | |
of London, might be a good one for him to do, because it would be | :02:27. | :02:29. | |
convenient, and also he could go on doing his London stuff. I am not | :02:30. | :02:34. | |
that surprised actually. I think that this has been the mood music | :02:35. | :02:39. | |
for a long time, and Cameron has been very magnanimous about having | :02:40. | :02:42. | |
his best player back on the pitch. They are trying to pretend they are | :02:43. | :02:45. | |
one happy team, but we know that what Boris really wants is David | :02:46. | :02:50. | |
Cameron's job. Well, according to the Telegraph he is in line to the | :02:51. | :02:52. | |
Business Secretary. They are slightly ahead of themselves. Well, | :02:53. | :02:57. | |
everybody else has the story, so the Telegraph decided to gild the lily | :02:58. | :03:00. | |
by adding this. It is a baffling line to me. As if that is really | :03:01. | :03:04. | |
going to entice Boris into Parliament any quicker, the promise | :03:05. | :03:07. | |
of potentially being Business Secretary if they potentially win | :03:08. | :03:10. | |
the next election. It is especially weird since the next election. It is | :03:11. | :03:14. | |
especially weird Santi Atchley said today position until after the mayor | :03:15. | :03:18. | |
of thing finishes. `` especially weird since he said today. And with | :03:19. | :03:24. | |
the whole thing orchestrated by David Cameron, the tone is full of | :03:25. | :03:27. | |
language about clashing and a split in the Tory party. It is about how | :03:28. | :03:32. | |
his return will destabilise the Commons. It is a slightly weird | :03:33. | :03:36. | |
story, trying to have the cake and eat it. Yes, there was a reference | :03:37. | :03:40. | |
to an earlier clash this year with Michael Gove in this piece. There is | :03:41. | :03:43. | |
the suggestion that that relationship... There is interesting | :03:44. | :03:48. | |
factionalism here. We know that George Osborne is really the man who | :03:49. | :03:51. | |
would like to be leader after David Cameron goes. And Michael Gove, | :03:52. | :03:54. | |
earlier this year, was very outspoken about how he thought Boris | :03:55. | :03:57. | |
Johnson was an unfit person. Boris was furious about it. So Michael | :03:58. | :04:02. | |
Gove is very much backing George Osborne, and George Osborne has very | :04:03. | :04:06. | |
carefully put in a lot of his own people. I think Osborne will very | :04:07. | :04:10. | |
much be the man to beat. Boris does have this capacity to reach parts of | :04:11. | :04:13. | |
the electorate which other Tory politicians just don't. In London, | :04:14. | :04:20. | |
which leans towards Labour, one in five Labour voters voted for Boris. | :04:21. | :04:26. | |
And he has appeared amongst those where people think Cameron and | :04:27. | :04:31. | |
Osborne are hopeless posh boys. Boris is frankly posh as well, but | :04:32. | :04:35. | |
because he seems real, and he is funny, today he was doing it with | :04:36. | :04:38. | |
assertiveness and the weasel words. He is very good at playing the | :04:39. | :04:42. | |
gallery. And he is still incredibly popular in London. 60% approval | :04:43. | :04:46. | |
ratings. Caroline, take us into the express' coverage as well, because | :04:47. | :04:50. | |
they are focusing on some of things that are being said with regards to | :04:51. | :04:54. | |
the EU. I think in some ways there will be focusing the next few days | :04:55. | :04:57. | |
on the European angle. This was a big speech on Europe, and the next | :04:58. | :05:00. | |
stage will be, what does this mean the UKIP? His intervention, it is so | :05:01. | :05:04. | |
powerful comic is basically saying we do not need to be paranoid and | :05:05. | :05:08. | |
scared about pulling out of Europe. He said some quite significant | :05:09. | :05:11. | |
things about how we have a great and glorious future outside the EU. He | :05:12. | :05:14. | |
is trying to build a very positive case for this debate, rather than | :05:15. | :05:17. | |
actually saying that everybody has been very concerned and unhappy | :05:18. | :05:22. | |
about the referendum debate. What he said in the report is highly | :05:23. | :05:24. | |
political, highly aggressive about his EU agenda. It was a very long | :05:25. | :05:29. | |
and major report. I think the attention, if I was Nigel Farage | :05:30. | :05:33. | |
tonight, looking at that, I wouldn't worry about this being a cornerstone | :05:34. | :05:37. | |
of David Cameron's EU debate. I think Boris is being very clever, | :05:38. | :05:41. | |
because really the keystone of Nigel Farage's appeal is this idea that we | :05:42. | :05:44. | |
have no control over how many people come here from the rest of Europe. | :05:45. | :05:48. | |
As that is one of the key things that Boris said today, was that he | :05:49. | :05:51. | |
really wants to limit that kind of free European immigration. But he is | :05:52. | :05:56. | |
also, interestingly, on the part of the city, he is very pro`the kind of | :05:57. | :06:01. | |
immigration, the kind of skills that we need. It is quite a kind of | :06:02. | :06:09. | |
nuanced picture. And to be fair to Boris, he does know about Brussels. | :06:10. | :06:13. | |
When I first worked with him, when I was on the Telegraph, 20 years ago, | :06:14. | :06:17. | |
I'm getting ancient, he was the man who talked about the straight | :06:18. | :06:21. | |
bananas. He has always been withering about European legislation | :06:22. | :06:25. | |
and how crazy it isn't Howard Raps businesses and red tape. He been | :06:26. | :06:29. | |
consistent on this, and I think he has also noticed that the only way | :06:30. | :06:32. | |
you negotiate with the EU with any kind of power is if they really | :06:33. | :06:35. | |
think that you might walk out. So he has been critical about Cameron, in | :06:36. | :06:40. | |
a way, conceding too much in saying that he will lead a yes campaign and | :06:41. | :06:43. | |
does not really want to go out. It is a pitch to UKIP, but I also think | :06:44. | :06:47. | |
he believes it. And according to your paper, Caroline, he has | :06:48. | :06:53. | |
bombshells Westminster. We love alliteration in the headline. As I | :06:54. | :06:59. | |
said, I think what is going to be interesting is that Boris Johnson is | :07:00. | :07:01. | |
such a global figure. I think it will be fascinating looking at the | :07:02. | :07:06. | |
coverage overseas, especially in Europe, about his speech. I think | :07:07. | :07:09. | |
they will put this up and be worried about it. We will stay with you and | :07:10. | :07:13. | |
your paper, because the main story there, European health groups hit by | :07:14. | :07:17. | |
US tax inversion doubts. That might not be a headline, but it captures | :07:18. | :07:21. | |
everybody in the morning, and I know you can tell me that message and | :07:22. | :07:27. | |
what it means. I will try to translate it into compensating wish. | :07:28. | :07:30. | |
You are too modest. You are very good at this. The reason it matters, | :07:31. | :07:38. | |
we all remember the big Pfizer deal. It wanted by AstraZeneca. The reason | :07:39. | :07:41. | |
it wanted to do so was because of tax reasons. They have very high | :07:42. | :07:43. | |
corporate taxes in America, and there has been a sort of mechanism | :07:44. | :07:48. | |
of moving headquarters from the US to the UK, by buying an asset over | :07:49. | :07:52. | |
here, and saving lots of money on tax. So that all these tax driven | :07:53. | :07:55. | |
deals have lifted the pharmaceutical sector hugely. And what is happening | :07:56. | :08:00. | |
in America now, this week, is that Obama, the Obama administration, | :08:01. | :08:03. | |
they have decided to get concerned about big American companies, like | :08:04. | :08:08. | |
Walgreens, which is as famous as Boots is here, coming over and | :08:09. | :08:11. | |
moving their headquarters overseas. The reason this matters is that it | :08:12. | :08:14. | |
suggests that Pfizer, which is obviously been watching the politics | :08:15. | :08:17. | |
of the tax debate very closely, may not now be able to come back. | :08:18. | :08:21. | |
Because it is getting so politically difficult. So what happened today is | :08:22. | :08:24. | |
that Walgreen said they are not going to do a tax inversion in the | :08:25. | :08:27. | |
way everybody was expecting. Announcing that they cost than $8 | :08:28. | :08:30. | |
billion in their share price falling, because everybody had been | :08:31. | :08:34. | |
expecting all these lovely tax benefits. I think it is an important | :08:35. | :08:38. | |
corporate story, because a lot of people here were worried about jobs | :08:39. | :08:42. | |
in the UK, American companies buying up British jobs for tax reasons. I | :08:43. | :08:47. | |
was about to make that point. There are some people here who will think | :08:48. | :08:51. | |
that if they do not come back, that is good news. Exactly, yes. We will | :08:52. | :08:57. | |
go back to the Telegraph for a moment. And now lead, a ?4 billion | :08:58. | :09:03. | |
tax bonanza, 650,000 cash in pensions. This is the idea that we | :09:04. | :09:08. | |
can dip into our pension pot, well, not when we choose to, but at the | :09:09. | :09:12. | |
moment that we would be entitled to? You do not have to buy one of those | :09:13. | :09:16. | |
pesky annuities which pay rubbish rates. When this was launched, it | :09:17. | :09:20. | |
was all that stuff about how you could go buy a Lamborghini or a | :09:21. | :09:25. | |
Ferrari. Like those people in Knightsbridge were running around in | :09:26. | :09:28. | |
supercars. This is saying that if you take out your cash to buy your | :09:29. | :09:33. | |
supercar, you may get hit with a big tax thing. So if it is over the | :09:34. | :09:38. | |
40,000 threshold, you get hit with 40% tax. And it goes to a bigger | :09:39. | :09:43. | |
question, which is about whether these people are going to get the | :09:44. | :09:46. | |
right kind of advice. There is lots of anxiety, because one of the key | :09:47. | :09:49. | |
parts of the promise, when George Osborne made it, was that people | :09:50. | :09:53. | |
would get really good advice about what to do. I think there is a big | :09:54. | :09:56. | |
fear that basically the government will take this ?4 billion tax | :09:57. | :10:00. | |
bonanza when people start cashing in their pensions, and they will not be | :10:01. | :10:09. | |
given the advice warning them that if they do, they are likely to lose | :10:10. | :10:12. | |
half their pension pot to the Treasury. And as we said earlier, it | :10:13. | :10:14. | |
is a bit annoying, because you have already been taxed on that money. | :10:15. | :10:17. | |
But from George Osborne's point of view, if ?4 billion of me appears in | :10:18. | :10:20. | |
the coppers, he will not be too concerned about that. Well, they are | :10:21. | :10:23. | |
trying to put a number on the number of people likely to do this. The | :10:24. | :10:27. | |
average amount people are looking to take out is ?40,000. In my mind, the | :10:28. | :10:30. | |
average pension for a lot of people is much lower than that. I think | :10:31. | :10:34. | |
we're really talking about wealthy people taking a lot of their money | :10:35. | :10:47. | |
out of some of schemes. Inevitably, if you have more money, you will get | :10:48. | :10:53. | |
better advice. There are such low yields as well that you will | :10:54. | :10:59. | |
probably want to invest your money in property. People have a right to | :11:00. | :11:12. | |
take out them money. A quick words regarding the Lib Dems and Gaza. It | :11:13. | :11:18. | |
is less of a story than meets the wife. Following Baroness Warsi | :11:19. | :11:24. | |
criticising the government on its policy overseas, there has been a | :11:25. | :11:34. | |
lot more piling in with other people criticising David Cameron's | :11:35. | :11:39. | |
position. Nick Clegg is talking about arms sales to Israel being | :11:40. | :11:46. | |
stopped. There is a bit of a ground swell against David Cameron's | :11:47. | :11:50. | |
policy. Let's just take the photograph in. It's glorious. It is | :11:51. | :11:59. | |
one of the silly season's great stories. The macaque was | :12:00. | :12:10. | |
photographed with the kids of the Gloucestershire photographer. He | :12:11. | :12:15. | |
nicked the camera and started taking photographs of himself. There is an | :12:16. | :12:19. | |
interesting copyright argument going on. Anyone can use this picture | :12:20. | :12:27. | |
without paying for it. However, people are saying the monkey took | :12:28. | :12:34. | |
it, so they don't have to pay royalties to the photographer. The | :12:35. | :12:37. | |
photographer saying it belongs to him because the monkey can't go out | :12:38. | :12:41. | |
and buy a camera. I love the fact that the US law says that nonhuman | :12:42. | :12:48. | |
authors do not have the automatic right to copyrights. `` copyright. | :12:49. | :12:59. | |
Do they get it eventually? I really feel so for the photographer. I feel | :13:00. | :13:05. | |
sorry for the monkey. I feel sorry for all of them! We will have to end | :13:06. | :13:10. | |
it there. That is it for now. We'll be back at 11:30pm. Stay with us | :13:11. | :13:20. | |
here on BBC News. At 11pm, the Mayor of London Boris Johnson says he | :13:21. | :13:23. | |
wants to stand for a Parliamentary seat at the next general election. | :13:24. | :13:43. | |
Next, it's Sportsday. Welcome to | :13:44. | :13:44. |