:00:00. > :00:00.And we will hear from Roger Federer, who has got big plans for next year.
:00:00. > :00:16.That is coming up after the papers. Hello and welcome to
:00:17. > :00:18.our look ahead to what the papers With me are the economist
:00:19. > :00:21.Bronwyn Curtis and the broadcaster and former football
:00:22. > :00:30.administrator David Davies. The I newspaper says
:00:31. > :00:32.the advertising watchdog will investigate drug company claims
:00:33. > :00:34.about over-the-counter painkillers. The FT has a special investigation
:00:35. > :00:36.into finances of so-called 'Fox Hunt' is the Metro's headline
:00:37. > :00:48.after the radio DJ Neil Fox was According to the an opinion poll
:00:49. > :00:52.in the Express - the majority of voters want Britain
:00:53. > :00:58.to quit the European Union. The Daily Telegraph also claims
:00:59. > :01:00.voters head for the Brexit as the paper reports the results
:01:01. > :01:04.of a separate survey. The Guardian says MPs are calling
:01:05. > :01:07.for an inquiry into low wages The picture is of the British
:01:08. > :01:13.astronaut Tim Peake who will blast off on a mission
:01:14. > :01:16.of a lifetime tomorrow morning. And the Mail says the UK's top civil
:01:17. > :01:33.servant has been attacked over plans Starting with the Telegraph. Voters
:01:34. > :01:39.had before Brexit. A surge in support for leaving the EU. What do
:01:40. > :01:51.you put this down to? We talked an hour ago about an Internet poll. An
:01:52. > :01:57.hour later, we have an ICM poll. The significance is the first time since
:01:58. > :02:04.2013 that ICM has found voters even split. It is in the middle of the
:02:05. > :02:11.story. It is written up, that is the significance. Forgive me for saying
:02:12. > :02:17.this, but I am not aware of an active pro- Europe campaign at the
:02:18. > :02:25.moment. All the running is being made by the Brexit people. If the
:02:26. > :02:31.idea of the government is to lower expectations about what he is going
:02:32. > :02:37.to achieve in any negotiation, it used to be called a renegotiation,
:02:38. > :02:42.but whatever he is doing in the summit and the next one in February,
:02:43. > :02:51.he has done a successful job of lowering expectations. Do you think
:02:52. > :02:55.this is down to the whole debate about migrants and refugees? That
:02:56. > :03:00.has put a lot of people off the idea of staying within the European
:03:01. > :03:02.Union? The net migration figure is still way above the tens of
:03:03. > :03:09.thousands the government said it would fall down too. I think
:03:10. > :03:12.migration is clearly an emotive issue. People get very upset about
:03:13. > :03:33.this. I was thinking more of those that
:03:34. > :03:44.came before that. Just interesting, these polls. These campaigns to
:03:45. > :03:54.leave. It is up, it was only 40% want to leave. It is about
:03:55. > :04:00.immigration, terrorism, who is coming in, what are we doing. And it
:04:01. > :04:05.worries people. They feel that David Cameron is going to Europe and he is
:04:06. > :04:11.not getting anything. If he is not getting anywhere, we will never get
:04:12. > :04:20.anywhere. We are economically tied to Europe. How do you account that?
:04:21. > :04:26.From where I am coming from, if he thinks that, if his aim is
:04:27. > :04:33.ultimately to say, I have got some sort of a deal, it is interesting, I
:04:34. > :04:37.heard on BBC radio, an interview with a former Polish Foreign
:04:38. > :04:42.Minister, who said, why is he getting lost on these issues? In
:04:43. > :04:49.Poland we are much tougher on people who come in than Brits. But that
:04:50. > :04:56.would mean reducing payments to Brits as well. That is his problem.
:04:57. > :05:08.But you can argue after months and months of this migrant issue, it is
:05:09. > :05:19.quite remarkable. It could be worse. I expected it to be worse at this
:05:20. > :05:25.stage. The book is kept saying, Scotland will vote no. The bookies
:05:26. > :05:31.are saying even more strongly at this stage, the EU vote will be to
:05:32. > :05:42.stay in. We will stay with the Telegraph. Pensioner Bonds, saving
:05:43. > :05:56.rates are slashed by half. You are saying this is something we should
:05:57. > :06:05.have been aware of. These were fantastic interest rates. 2.8% for a
:06:06. > :06:14.year was very tasty. What they have done is said, one year you have got
:06:15. > :06:22.your 2.8%. It is going to drop unless you move it somewhere else.
:06:23. > :06:29.That is not even in the top ten rates for a one-year bond. It is
:06:30. > :06:36.really unattractive. When it was announced, it was a great thing.
:06:37. > :06:42.Announced as a great thing. We just had the Autumn statement. We did not
:06:43. > :06:47.hear anything. I am disappointed, but I think we have had fantastic
:06:48. > :06:59.rates, so we cannot complain. When some of us were drawn into this, I
:07:00. > :07:05.could not possibly comment, we were told, you have to do it now. Because
:07:06. > :07:13.they will close it in weeks. They did not do that. When I read this
:07:14. > :07:21.story, I am quite surprised. Pensioners, plus poor pensioners, we
:07:22. > :07:31.do not need to be courted quite so much this year. Something like a
:07:32. > :07:39.general election. It slipped my mind. Anyway. You cannot get the
:07:40. > :07:48.deal on that. Savers have not done well for a long time. But you will
:07:49. > :07:54.get clobbered on tax. That was in the Autumn statement, but people
:07:55. > :08:00.will still rather go for that. Margaret Thatcher will be turning in
:08:01. > :08:09.her grave. She always used to say, Savers matter. That was her
:08:10. > :08:22.expression. She had some difficult times. Taxes make short jihadists
:08:23. > :08:28.have income. This is an interesting story. The front page of the
:08:29. > :08:36.Financial Times. You think, ISIS, it must all be oil money. That is what
:08:37. > :08:42.is funding it. But the story says they get at least as much from
:08:43. > :08:47.taxation. They took over the second biggest city in Iraq. A lot of
:08:48. > :08:56.taxpayers. Extortion and confiscation. There is a war spoils
:08:57. > :09:02.offers. They pay the militants a fifth of whatever they seize. They
:09:03. > :09:14.are quite keen to go out and this is stuff. I was really surprised by
:09:15. > :09:19.that. You cannot bomb that. This is it. The whole thing about giving the
:09:20. > :09:24.RAF the right to bomb in Syria. The idea was to target the oil tankers
:09:25. > :09:32.and the oil fields. But they are getting all their cash by extorting
:09:33. > :09:38.shopkeepers. Within hours of the BBC and everybody reporting that we were
:09:39. > :09:45.going to bomb in Syria, we were told these oilfields, there was so much
:09:46. > :09:57.oil being sold. Bronwyn might be able to help me with this. Who is
:09:58. > :10:01.selling oil, who is buying the oil? Once you get into the oil market
:10:02. > :10:09.there are a lot of brokers and middlemen. Nobody knows who they
:10:10. > :10:17.are? They handle a lot of oil. You do not know. It is like all of these
:10:18. > :10:23.things. Where has it come from? A lot of it would be of similar
:10:24. > :10:31.quality. It is hard to tell. I think it will just keep happening. Saddam
:10:32. > :10:36.Hussein lived under sanctions and he flogged barrel after barrel. There
:10:37. > :10:42.will always be someone willing to take it, because it is cheaper than
:10:43. > :10:49.getting it from Saudi Arabia. No wonder the problem is as deep as it
:10:50. > :10:55.is. It will continue. You have a country with a border that is
:10:56. > :11:00.hundreds of kilometres long. And there are Islamic State sympathisers
:11:01. > :11:08.within Turkey. This is perhaps a naive question. An FT investigation
:11:09. > :11:16.indicates ISIS gets as much from taxation and extortion. An FT
:11:17. > :11:22.investigation? That is well known how they have been getting the
:11:23. > :11:30.funding. You put FT investigation on the front. The BBC would end up
:11:31. > :11:39.saying a BBC investigation. It all helps. On to the mail. I was
:11:40. > :11:47.wondering what had happened to our old friend William. He has been out
:11:48. > :11:55.of the headlines for a bit of time. Now he is back. He is saying this
:11:56. > :11:59.government goes on like this, with my OneWorld alliance and all the
:12:00. > :12:04.rest of it, I could refocus my operations in Ireland and Spain. The
:12:05. > :12:13.government has not given clearance for a new runway at Heathrow. Even
:12:14. > :12:18.after what happened last week, I have to declare an interest, the
:12:19. > :12:26.person who came up with the report into this is a friend of mine. A
:12:27. > :12:32.highly intelligent man. He must be asking, we still do not know why the
:12:33. > :12:42.government has postponed this yet again, do we? Other than the London
:12:43. > :12:48.elections. I do not know anything. Is a political hot potato right now.
:12:49. > :12:55.They are looking at the environmental concerns highlighted
:12:56. > :13:03.in the report. But Howard Davies, your friend, she noted all of that.
:13:04. > :13:08.-- he noted. It is a