22/09/2014 The Papers


22/09/2014

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

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

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

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

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

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after the UK's largest retailer admitted overestimating half year

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

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

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

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

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speech at his party's conference in Manchester tomorrow.

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Senior Conservatives have gathered at Chequers amid claims that

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Scottish devolution cannot be avoided and may become and is it

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

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

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missing schoolgirl Alison Cross disappeared and three is ago.

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

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

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

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

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

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

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

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Welcome to the look ahead to what after the papers.

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

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

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

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

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

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

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

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

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

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

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

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

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

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Daily Telegraph reports as David Cameron and President Obama are due

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Quite artistic and creative. If they have deliberately deceived the

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

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

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

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

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services getting better and its advertising is pretty good. Its

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

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discount supermarkets have been getting better. So relatively it is

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

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

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shares, they will hopefully diversify anyway and if Tesco goes

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

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

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

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

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

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

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

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monopolies, essentially rigged markets. Within five minutes of

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

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

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

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

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

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

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

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

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

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

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

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

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

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bit sinister that apparently some employees are being asked to hand

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

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

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

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

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

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

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

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

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

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Iranians president which hasn't happened since the revolution in

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

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

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

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

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

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

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

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

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

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finance the Peshmerga or the Kurdish. They will understand that

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

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

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

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

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

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again. This will ignite more inflamed attitudes among Sunni

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

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

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strategic narrative where they are trying to manipulate us into

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

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

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

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

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

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measured. There has been research from the University College London

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that says that the problem is children are not getting enough

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

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

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

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

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

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with powerful interventions, often the patterns of disadvantage or

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established and this research is important. I would agree that

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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The USA captain Tom Watson has challenged

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