14/12/2015 The Papers


14/12/2015

No need to wait until tomorrow morning 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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And we will hear from Roger Federer, who has got big plans for next year.

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That is coming up after the papers. Hello and welcome to

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our look ahead to what the papers With me are the economist

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Bronwyn Curtis and the broadcaster and former football

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administrator David Davies. The I newspaper says

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the advertising watchdog will investigate drug company claims

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about over-the-counter painkillers. The FT has a special investigation

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into finances of so-called 'Fox Hunt' is the Metro's headline

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after the radio DJ Neil Fox was According to the an opinion poll

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in the Express - the majority of voters want Britain

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to quit the European Union. The Daily Telegraph also claims

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voters head for the Brexit as the paper reports the results

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of a separate survey. The Guardian says MPs are calling

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for an inquiry into low wages The picture is of the British

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astronaut Tim Peake who will blast off on a mission

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of a lifetime tomorrow morning. And the Mail says the UK's top civil

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servant has been attacked over plans Starting with the Telegraph. Voters

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had before Brexit. A surge in support for leaving the EU. What do

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you put this down to? We talked an hour ago about an Internet poll. An

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hour later, we have an ICM poll. The significance is the first time since

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2013 that ICM has found voters even split. It is in the middle of the

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story. It is written up, that is the significance. Forgive me for saying

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this, but I am not aware of an active pro- Europe campaign at the

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moment. All the running is being made by the Brexit people. If the

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idea of the government is to lower expectations about what he is going

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to achieve in any negotiation, it used to be called a renegotiation,

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but whatever he is doing in the summit and the next one in February,

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he has done a successful job of lowering expectations. Do you think

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this is down to the whole debate about migrants and refugees? That

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has put a lot of people off the idea of staying within the European

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Union? The net migration figure is still way above the tens of

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thousands the government said it would fall down too. I think

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migration is clearly an emotive issue. People get very upset about

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this. I was thinking more of those that

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came before that. Just interesting, these polls. These campaigns to

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leave. It is up, it was only 40% want to leave. It is about

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immigration, terrorism, who is coming in, what are we doing. And it

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worries people. They feel that David Cameron is going to Europe and he is

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not getting anything. If he is not getting anywhere, we will never get

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anywhere. We are economically tied to Europe. How do you account that?

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From where I am coming from, if he thinks that, if his aim is

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ultimately to say, I have got some sort of a deal, it is interesting, I

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heard on BBC radio, an interview with a former Polish Foreign

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Minister, who said, why is he getting lost on these issues? In

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Poland we are much tougher on people who come in than Brits. But that

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would mean reducing payments to Brits as well. That is his problem.

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But you can argue after months and months of this migrant issue, it is

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quite remarkable. It could be worse. I expected it to be worse at this

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stage. The book is kept saying, Scotland will vote no. The bookies

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are saying even more strongly at this stage, the EU vote will be to

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stay in. We will stay with the Telegraph. Pensioner Bonds, saving

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rates are slashed by half. You are saying this is something we should

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have been aware of. These were fantastic interest rates. 2.8% for a

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year was very tasty. What they have done is said, one year you have got

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your 2.8%. It is going to drop unless you move it somewhere else.

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That is not even in the top ten rates for a one-year bond. It is

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really unattractive. When it was announced, it was a great thing.

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Announced as a great thing. We just had the Autumn statement. We did not

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hear anything. I am disappointed, but I think we have had fantastic

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rates, so we cannot complain. When some of us were drawn into this, I

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could not possibly comment, we were told, you have to do it now. Because

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they will close it in weeks. They did not do that. When I read this

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story, I am quite surprised. Pensioners, plus poor pensioners, we

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do not need to be courted quite so much this year. Something like a

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general election. It slipped my mind. Anyway. You cannot get the

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deal on that. Savers have not done well for a long time. But you will

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get clobbered on tax. That was in the Autumn statement, but people

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will still rather go for that. Margaret Thatcher will be turning in

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her grave. She always used to say, Savers matter. That was her

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expression. She had some difficult times. Taxes make short jihadists

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have income. This is an interesting story. The front page of the

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Financial Times. You think, ISIS, it must all be oil money. That is what

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is funding it. But the story says they get at least as much from

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taxation. They took over the second biggest city in Iraq. A lot of

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taxpayers. Extortion and confiscation. There is a war spoils

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offers. They pay the militants a fifth of whatever they seize. They

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are quite keen to go out and this is stuff. I was really surprised by

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that. You cannot bomb that. This is it. The whole thing about giving the

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RAF the right to bomb in Syria. The idea was to target the oil tankers

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and the oil fields. But they are getting all their cash by extorting

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shopkeepers. Within hours of the BBC and everybody reporting that we were

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going to bomb in Syria, we were told these oilfields, there was so much

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oil being sold. Bronwyn might be able to help me with this. Who is

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selling oil, who is buying the oil? Once you get into the oil market

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there are a lot of brokers and middlemen. Nobody knows who they

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are? They handle a lot of oil. You do not know. It is like all of these

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things. Where has it come from? A lot of it would be of similar

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quality. It is hard to tell. I think it will just keep happening. Saddam

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Hussein lived under sanctions and he flogged barrel after barrel. There

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will always be someone willing to take it, because it is cheaper than

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getting it from Saudi Arabia. No wonder the problem is as deep as it

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is. It will continue. You have a country with a border that is

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hundreds of kilometres long. And there are Islamic State sympathisers

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within Turkey. This is perhaps a naive question. An FT investigation

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indicates ISIS gets as much from taxation and extortion. An FT

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investigation? That is well known how they have been getting the

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funding. You put FT investigation on the front. The BBC would end up

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saying a BBC investigation. It all helps. On to the mail. I was

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wondering what had happened to our old friend William. He has been out

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of the headlines for a bit of time. Now he is back. He is saying this

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government goes on like this, with my OneWorld alliance and all the

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rest of it, I could refocus my operations in Ireland and Spain. The

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government has not given clearance for a new runway at Heathrow. Even

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after what happened last week, I have to declare an interest, the

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person who came up with the report into this is a friend of mine. A

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highly intelligent man. He must be asking, we still do not know why the

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government has postponed this yet again, do we? Other than the London

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elections. I do not know anything. Is a political hot potato right now.

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They are looking at the environmental concerns highlighted

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in the report. But Howard Davies, your friend, she noted all of that.

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-- he noted. It is a

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No need to wait until tomorrow morning 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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