22/09/2014 The Papers


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

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to the end of the week, quite busy at times with a bit of cloud, that


most places are staying dry. `` but most places are staying dry.


This is BBC News. In a few minutes we take a look at some of two morrow


morning's papers with the guests. First, the top stories.


More than ?2 billion has been wiped off the value of Tesco,


after the UK's largest retailer admitted overestimating half year


profits by ?250 million. Labour leader Ed Miliband will set


I will not speculate but I will speak to anybody who can assist me


to find out what has gone on. Labour leader Ed Miliband will set


out a 10`year plan to make Britain a "world class country" in his final


speech at his party's conference in Manchester tomorrow.


Senior Conservatives have gathered at Chequers amid claims that


Scottish devolution cannot be avoided and may become and is it


that the election next year, police have turned their attention to


shallow waterways and river banks in west London in the hunt for the


missing schoolgirl Alison Cross disappeared and three is ago.


Further clashes on the Turkey `Syrian border as 130,000 referees


`` refugees enter Turkey. Coming up in the sports News, both Ryder Cup


teams have arrived at any goals, play begins on Friday. You captain


Tom Watson says they will target Europe was Mac best players. Arsenal


will be without defender Mathieu Debuchy into the end of the year.


The summer signing has had ankle surgery. Wigan hosted switch to


night and another early exit for Heather Watson in China. All these


Welcome to the look ahead to what after the papers.


Welcome to the look ahead to what the morning papers will have full us


tomorrow. With me, Jennie Bond and Matthew sired. We begin with the


express. It says Ukip has thrown down the gauntlet to the bullet or


parties with its pledge to scrap inheritance tax. The Metro leads on


an alleged attempt by a 37`year`old woman to kill her mother using a


deadly poison echoing a plotline from the hit TV series Breaking Bad.


The Sun features the same story, it says Southwark Crown Court heard how


the daughter tried to poison her mother after watching the show. The


front page of the Guardian gets it since British and by `` from Andy


water hole as it reports that Tesco overstated its profits. The Daily


Mail has the same story. It says the retailer faces its worst crisis in


its history of claims that its bosses cooked the books, and the


Daily Telegraph reports that its bosses cooked the books, and the


Daily Telegraph reports as David Cameron and President Obama are due


to meet in New York on Tuesday. We begin with the Financial Times.


Interesting story. Leading into the speech tomorrow by Ed Miliband, he


plans mansion tax to fund the NHS. It appears to be the one area where


labour is ahead of the Tories in terms of public opinion. He's making


a virtue of it. He plans to cash in on it. I'm quite disappointed if his


big idea, as the FT says, or the Labour Party's totemic policy, a


wonderful word, I like that, if it stood to make policy is a mansion


tax, an idea they still in from the Lib Dems. I'm not that impressed but


that is what he says, you want to introduce a mansion tax on houses


worth more than ?2 million. And that would rope in, they think, ?1.2


billion a year, which they used to say, would counteract the 10p tax


rate but now they've changed their mind, they think the NHS is more


sexy so they will put it in there. That is cynical. Let me turn to


Matthew. I will also send cynical. Projections for the shortfall in the


NHS funding until the next Parliament is between ?6 billion and


?30 billion and there's mansion tax will raise less than ?2 billion. Not


enough to make up that shortfall. Paid by rich people. They may not


even be that rich, it could cost Labour in London marginals, in


electoral terms because this will hit people who haven't got a lot of


income, older people with expensive homes, yet not much money and they


want like this. ?2 million is an awful lot of money to most people in


this country. To have a property worth that. Suppose the tax is 1% on


the value of the Hong Kong that's ?20,000 a year. An elderly person


with no income coming in will have to find this, so I think the devil


will be in the detail. It's not enough to make up the shortfall in


NHS spending, but when you think of the size of the deficit it's a


trivial proportion. They will have to come up with serious proposals to


raise money or cut spending. That it is politics. As Jennie said, there's


an election around the corner, it's a populist move. It could work. I


think it could. I'm fundamentally not against it, it's reasonably


sensible. We are quite disparaging sometimes. Every little bit adds up


to the hole that we have to go on saving. On the point of elderly


people, as rich and cash poor work, Ed Balls has said that there will be


a full and sensitive way of protecting those who are asset rich


and cash poor. They roll it into inheritance tax. Avoided in the


short`term, it will mount up. That's the only way they will get around


it, I think. Onto the Guardian. Matthew. ?2 billion in shares has


been wiped off Tesco after it admits overstating its profits. Some tins


of soup on the front of the newspaper. Anti`war whole thing.


Quite artistic and creative. If they have deliberately deceived the


markets, that's a scandal. If, on the other hand, it was inadvertent,


that's less of a significant story. But the other part of this is the


ailing state of Tesco as a company. I don't think that matters. People


are saying it is getting worse. It is getting better. Its customer


services getting better and its advertising is pretty good. Its


problem is better competition. Waitrose have got better faster. The


discount supermarkets have been getting better. So relatively it is


worse, yet that is good for the consumer! If consumers are leaving


Tesco, that's good. The only people it is bad for our people owning


shares, they will hopefully diversify anyway and if Tesco goes


bankrupt within a 12 months other people would come in. We fear


bankruptcy. We think it's terrible! If only the banking market was as


competitive as the supermarket market. It'll be interesting to find


out if it was incompetence, negligence, or just sinister if it


was deliberate. How can you get so wrong. A quarter of ?1 billion. In a


guy would know if ?10 went missing! I would too, I would be any less if


I missed ten quid! The problem is with many markets that you have


monopolies, essentially rigged markets. Within five minutes of


where I live we have Waitrose, Sainsbury's, whole foods, Marks


Spencer is, all competing fiercely. Great for the consumer. It shouldn't


be terrified about a retailer having problems. 99% of the company that


were big 100 years ago have gone bankrupt. That is the way capitalism


works. Absolutely. Yet at the same time, the Square mile, business


works on you being as good as your word. And if the suggestion is that


Tesco is overstating the amount of cash it has been pulling in, the


whole edifice falls down, does it not? 2`mac that is the key issue. If


this has been deliberate it fits a wider narrative of big corporate


institutions misleading the market, capitalism, like any system, only


works on trust. This is the problem with capitalism. Those on the left


of the spectrum, might suggest that the problem. Honesty has massive


repercussions. I think tomatoes about Tesco's is good value! It's a


bit sinister that apparently some employees are being asked to hand


over their laptops and phones. It's getting dodgy. They want to check


who'd knew what and when. Iraqi air strikes. We know that President


Obama will be talking to David Cameron. Climate change will be on


the agenda. According to the Daily Telegraph, they have indeed been


talking, David Cameron is going to recall Parliament shortly, according


to sources that the Daily Telegraph has spoken to, and within days the


UK will be joining in air strikes in Iraq, which I find worrying but


perhaps inevitable, given what has been going on. The Daily Telegraph


says that they will be face`to`face talks between David Cameron and the


Iranians president which hasn't happened since the revolution in


1979. That would be interesting because the bottom line is, whatever


strategy will have two tackle Islamic State, whatever it is called


these days, it's got to involve Iran because of the influence of the Shia


majority in Iraq. Absolutely. And their influence in Syria and


elsewhere. My sense is that air strikes won't be anything like


enough. Tony Blair made an intervention today, like him or not,


he's probably right that the only way this fundamentalist nihilistic


force will be stopped is by feet on the ground. President Obama has made


that clear, it just won't be American feet! He will fear man's ``


finance the Peshmerga or the Kurdish. They will understand that


not just air strikes will do it. People don't understand the


consequences if troops did go on the ground, whether the neighbouring


states or if we went in with them. Because the really sinister thing


coming out of this is that Isil want Western troops on the ground so they


can present this in PR terms of the caliphate being invaded by Crusaders


again. This will ignite more inflamed attitudes among Sunni


extremists and this is why they are goading the West with executions.


One thing that really worries me is that it all fits into a wider


strategic narrative where they are trying to manipulate us into


performing actions when we don't know what the consequences will be.


Our leaders have said no Western Bulldogs on the ground. The


Telegraph, one in two Buddhist children already for school at the


age of five? Here we go again, measuring what our children are up


to, they should be playing around and not having their intellect


measured. There has been research from the University College London


that says that the problem is children are not getting enough


cuddles or being read to. There are developing as much as they should be


but they have been measured if they can be counted 20, but do not do


that, just let them learn through playing. Just how then? I do agree


with you. You are too cool for school! I would agree with you. The


thing about... About some of this research is when America came up


with powerful interventions, often the patterns of disadvantage or


established and this research is important. I would agree that


solutions are not better. The express, inheritance tax abolished,


The Daily Express crusade. The UKIP election promise, Matthew? Throwing


down the gauntlet? It is absolutely extraordinary, three years ago they


were flat tax, libertarian, and since they have got more popular


appeal amongst the voters, they have started saying they want potential


NFS, scrubbing the bedroom tax and these other things are coming in.


They want the highest marginal rate of income tax to be 40%. It is a


mismatch. I want some other credible organisation to look at the details.


It is populist, but how will they make it work? Refinished? Quite. You


are to cool for school! We will be back later for another look at the


headlines. Stay with us because we will have much more on Ed


Miliband's 's beach at the Labour Party conference, where he is


expected to signal a boost to NHS spending if his party wins the next


election. `` speech. Now, time for the sport.


Hello and welcome to Sportsday ` I'm Eilidh Barbour.


The two Ryder Cup teams have arrived at Gleneagles ahead of the start


The USA captain Tom Watson has challenged


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