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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players. Championship action tonight as Wigan host Ipswich. More on that

:00:00.:00:13.

after the papers. Hello and welcome to our look ahead

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to what the the papers will be bringing us tomorrow. With me are

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the broadcaster, Jennie Bond, and the Times columnist, Matthew Syed.

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Tomorrow's front pages...starting with... The Express says UKIP has

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thrown down the gauntlet to the other political parties with its

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pledge to scrap inheritance tax. The Sun leads on an alleged attempt

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by a 37`year`old woman to kill her own mother using a deadly poison

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echoing a plot line from the hit TV series Breaking Bad.

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The front page of the Guardian gets its inspiration from Andy Warhol as

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it reports on the news Tesco overstated its profits by 250

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million pounds. The Mail has the same story`saying

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Britain's biggest retailer faces the worst crisis in its 95 year history

:00:58.:01:00.

over the claims its bosses 'cooked the books'.

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The Telegraph reports that we could be ready to join air strikes against

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jihadist extremists in Iraq within days, as David Cameron and President

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Obama are due to meet in New York on Tuesday.

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The Mirror has an exclusive interview with the mother of Stephen

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Sutton` the teenager who died from cancer and raised millions of pounds

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for charity. She claims that doctors missed his symptoms for six months.

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And The Times says Labour will tomorrow pledge to use a new two

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million pound mansion tax to help fund the NHS. So let's begin...

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Labour will lead the ?2 million to fund the NHS and Ed Miliband wants

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to terms to help meet national goals. It is a good story for those

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people who feel that the NHS is under threat from the Conservatives

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but ?2 million is not going to be enough. It will raise about 1.2

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billion and that will be the centrepiece of the leaders speech

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tomorrow but you are absolutely right, the central economic problem

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for Labour is that only half of the fiscal deficit will have been

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consolidated and they will have to raise another 37 billion over the

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next two years of the next Parliament which is what Ed Balls

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has said their objective is. This will be about far more than raising

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that. They really want to take serious strides to get on top of it

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and in addition to that, NHS England have said that the NHS itself will

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be 30 billion in deficit by the end of the decade so they will have to

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come up with far more serious attempts to convince the markets and

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the electorate that they are going to get to grips with the real issues

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facing the economy. They are walking a tightrope here, the Labour Party.

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Their critics are suggesting that they are not fiscally responsible

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but they know that protecting the NHS lays well to their core base ``

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plays. It is a conundrum they have to balance. I think this is a move

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in the right direction though I have to say I was expecting a big idea, a

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new idea from the Labour leader. I think putting a levy on mansions

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that are worth over 2 million is a worthwhile thing to do. It will

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bring us 1.2 billion, it won't close the gap but every little bit helps

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as they say. That could be a brilliant segue. I will get back to

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that in a little while. There is the whole problem of people in London

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being asset rich and cash poor. Ed Balls said they will have protective

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measures that will solve that though he hasn't said how. I am not against

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this at all. The devil is in the detail. Ed Balls has mentioned not

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giving ministers a pay increase Thomas in fact, a pay cut although

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I'm not sure how much that will raise. He has also said he would cut

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the child benefit so there are other ways. I like what you're saying but

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the other thing that strikes me is that this could be difficult in

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London in terms of the electorate. Many homes are over the 2 million

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threshold. Elderly people who don't earn any money and would not be able

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to afford this to pay to the treasury. I think what he meant when

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he said that there would be alternative arrangement is that it

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could roll into the inheritance tax but I don't think that will be

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popular either. You are right, the devil is in the details and it will

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be interesting to see what Ed Balls says about this in the months to

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come. There are some obscenely expensive mansions in London. Nearly

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all owned by people who are overseas and don't even use them. If we can

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get money off them, that will be a good start. Governments have

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successively targeted properties. Stamp duty in the 70s... It reduces

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the mobility of Labour. There are economic consequences for these

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policies. But they do say that public satisfaction for the NHS has

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improved recently. That does cross middle class as well as working

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class as well as working`class households so some people may feel

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that it is the right thing to do. I think that is right and I think that

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is one of the electoral advantages of Labour. Its major problem is it's

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deficit on the economy. They are 30% below the Tories when it comes to

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trust in running the economy which is their biggest issue. On the

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Telegraph. English home rule at the heart of Tory campaign. This is

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following on from the Scottish Referendum last week and the West

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Lothian question which I'm sure everyone out there knows. If they

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are really going to put this issue at the heart of their campaign with

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Labour putting the NHS in the heart of theirs, I think Labour are

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winning. I'm not sure people really care that much about English home

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rule as much as we in the media have made out over the past week or so.

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Nonetheless, it has been very amusing to watch politicians

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maneuvering and waffling and being so slimy and slithery as they have

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in the past few days. I can get will put more people off politics and

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politicians than any other issue. Do you think many other people out

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there may be going to the Labour side and thinking that it was a bit

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of a trick? Mr Cameron linking English home rule with Scottish home

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rule and looking at the arithmetic and thinking that Labour are pretty

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screwed because they have a lot of Scottish MPs ? I think Labour are in

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serious difficulty here because they don't match up. If they accepted,

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they will their Scottish MPs. They are talking about devolving further

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down beyond... They are talking about cities and local councils and

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that kind of thing. What she said is absolutely right. What people are

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seeing and what should be a constitutional change would cross

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party support, so that it secures a long`term consensus over a very

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important part of our nation's governance, what they are seeing is

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narrow and calculated self interest on everything. Everyone is doing

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it. Labour need to have a convention to sort it out and the Tories are

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going for the jugular. It is not about long`term interest and this

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will have significant impact for generations. The problem with this

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is that it is disastrous for political stability. The public

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expects political classes to come to some kind of consensus. I don't

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think anybody wants it. I think John Major once said that if the answer

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is more politicians come out you are asking the wrong questions. Here are

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the crowd going into the Ed Miliband speech, this cartoon. The caption

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says, I am a Scottish MP, can I be excluded from this? Every little bit

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helps in regards to Labour's economic policy but the problem is

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that Tesco seem to have overestimated their profits for the

:09:26.:09:32.

first half of the year. I feel very sorry for the chief executive who

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has only been in his post for three weeks. He says that they have

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uncovered a serious issue. Serious? This is staggering! The figures are

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staggering. ?250 million had been wrongly attributed. I don't actually

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understand the shenanigans that have gone wrong. The Guardian doesn't

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seem to either. I don't understand why we have tomato soup. But I want

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to know what the results of the inquiry are going to be. Is it

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negligence or something a lot or sinister? ?2 billion wiped off their

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share price today. I think this is breathtakingly overdone. If they

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have lied, that is a serious issue of trust and it is significant but

:10:24.:10:28.

if it is just that they have made a mistake, also serious but the other

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question is whether or not Tesco is a ling as the company. It doesn't

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matter that much `` floundering. If people are going to other places

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because they are getting a better deal, that is good for consumers. In

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capitalist societies, companies that struggle is an indication of

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competition. It is a healthy part of the creative structure of which

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capitalism is a part. Short`term pain for certain people but good for

:11:02.:11:07.

the consumer. It would be extraordinary if it disappeared from

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our high streets. But would it fundamentally alter our standard of

:11:14.:11:17.

living? People would leave their jobs. `` lose. Yes, it is very

:11:18.:11:26.

difficult in the short term but in the long`term, it is healthy for an

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economy. Should they try and compete, down and dirty with the

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discount retailers? I honestly don't know but what I do know is, if you

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have a variation of different strategies, once you have that

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variation and you have a test applied to it which is essentially

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bankruptcy, that is what is healthy. The disaster is when you only have

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one strategy which is when the consumer gets screwed every single

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time. I don't care if the guy at Tesco is a visionary or not. So long

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as you have variation, that is what leads to success and that is why I

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find this whole emphasis on one particular company struggling, even

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though it is a big importer... It is the biggest supermarket chain in

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this country? But I think it is healthy. Survival of the fittest.

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Now to the inheritance tax of all ocean and. `` abolishment. This is

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all part of UKIP's strategy. I disagree with an awful lot that

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Nigel Farage and his party stands for what I have to say that it is

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hard to argue against this. A UKIP MEP says that they should be

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respectful of those who earn money, pay tax on it, and wish to pass it

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on to their chosen errors. `` heirs. I find that hard to argue

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with. Remember a few years ago? They were a low tax libertarian group and

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now it is something completely different. They're trying to get the

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votes. It is politics. But it doesn't add up! When does it ever? I

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don't know what the treasury would think about that. But inheritance

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tax, I think it is very unfair. Just going back to the suggestion that

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UKIP is positioning itself in order to become viable in the electorate

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with less than a year to go before the election, it makes perfect

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sense. I think people would typically vote for UKIP because of

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their stance on the EU and immigration. They don't have to

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implement any of these policies. What they're trying to do is secure

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credibility by showing that it has ideas beyond the ones they are

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principally known for. If this doesn't add up and credible

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organizations don't agree, it could destroy their appeal on the core

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issues that they want to get votes from and I think that is the basic

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problem it faces. There could be quite a few people in the heartland

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to think this is a good idea and they are the very people that UKIP

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are trying to steal. More than quite a few I think. It is a scourge. If

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you worked all your life and paid 40 `50% tax and can't hand it on to

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your children, and with houses the worth what they are now, it is all

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the more difficult. They can't even live in the houses you were trying

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to leave them because they can't afford it. It is a very emotional

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issue. This goes back to the election that never was when George

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Osborne brought this up to his party conference and I think you are

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right. What angers people the worst are the superrich who get around it

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with overseas trusts. Great having you. Stay with us. Much more on Ed

:15:35.:15:46.

Miliband's speech tomorrow at the Labour Party Conference in

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Manchester where he is expected to signal a boost in NHS spending if

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his party wins the next election. Now, it's Sportsday.

:15:56.:16:03.

Hello and welcome to Sportsday. The two Ryder Cup teams have arrived

:16:04.:16:13.

at Gleneagles ahead of the start of play on Friday. USA captain Tom

:16:14.:16:19.

Watson has challenged his players to make amends for defeat at Medinah

:16:20.:16:22.

two years ago. Merseyside police are continuing to

:16:23.:16:24.

investigate abuse sent to the Liverool

:16:25.:16:26.

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