15/12/2015

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:00:00. > :00:00.Africa as England score a lot of runs on the opening day of their

:00:00. > :00:14.first tour match. That is coming straight the papers.

:00:15. > :00:17.Hello and welcome to our look ahead to what the papers will be

:00:18. > :00:22.With me are the Middle East Correspondent for the Wall Street

:00:23. > :00:25.Journal, Margaret Coker, and the Business Correspondent

:00:26. > :00:36.Let's have a look at a few of the front pages before we discuss some

:00:37. > :00:41.of the stories you want to talk about. The FT says Mark Carney has

:00:42. > :00:46.signalled they will be no haste to raise UK interest rates. The daily

:00:47. > :00:53.express believes falling oil prices could hit pensions. The eye warns of

:00:54. > :01:01.a Christmas travel nightmare. The Metro leads with the funeral of the

:01:02. > :01:04.fiance of Michelle Dockery. The NHS watchdog has told doctors they must

:01:05. > :01:09.show more respect to dying patients following complaints from families.

:01:10. > :01:15.The Guardian has a picture of Tim Peake's Soyuz rocket blasting off

:01:16. > :01:21.for space. Leading on a story about Prince Charles. And The Times

:01:22. > :01:28.carries news of plans for a European Union force.

:01:29. > :01:32.DfT has caught your eye this evening. Let's start with the news

:01:33. > :01:37.that the Bank of England governor does not seem in a rush to bring up

:01:38. > :01:42.interest rates, or at least in interest rates decision until the

:01:43. > :01:48.end of the year. What should we read into that? We were expecting an

:01:49. > :01:51.increase in interest rates. We expect to see tomorrow that the US

:01:52. > :02:03.will increase interest rates. Good news for borrowers, not such good

:02:04. > :02:08.news for savers. They want is to spend. They want is to spend. This

:02:09. > :02:13.is a reflection that the economy is not that strong. The reality is that

:02:14. > :02:20.the recovery, such as it is, is not that robust. The economy is not

:02:21. > :02:26.overheating. Certain segments have a lot of heat but overall it is not.

:02:27. > :02:34.The economy is not in a position to take increases in interest rates. He

:02:35. > :02:40.is not... Lower for longer, it seems. Another story on the front

:02:41. > :02:48.page of the FT. A picture as well. Inside Isis is the headline. The

:02:49. > :02:51.story is that she had a's can bankroll the war for years. -- jihad

:02:52. > :03:01.E's. This is a very important story

:03:02. > :03:05.because I think the public perception is still there that

:03:06. > :03:08.Islamic State is just a bloodthirsty group of terrorists, when in fact

:03:09. > :03:12.they have spent 18 months putting together a pretty sophisticated

:03:13. > :03:16.local economy. The FT story shows that. No matter what the

:03:17. > :03:22.international community is doing to stop revenue coming into Islamic

:03:23. > :03:28.State whether through oil sales or other mechanisms, the Islamic state

:03:29. > :03:31.has money, it has a very, I think, primitive but sophisticated also

:03:32. > :03:39.economy, whereby small businesses are still operating. It has an

:03:40. > :03:43.amazingly effective tax regime. Two or three years of revenue where it

:03:44. > :03:48.can pay its fighters, that is a bad thing for us. The FT has done some

:03:49. > :03:53.good work on this. There was an article a few weeks ago where they

:03:54. > :03:58.interviewed one of the commanders on the ground in Syria in the rebel

:03:59. > :04:02.groups, saying they are filling their tanks up with oil that is

:04:03. > :04:08.owned by Islamic State, and loaning -- loading the tank to the front

:04:09. > :04:14.line and firing it at Islamic state. Yes, a lot of people have been doing

:04:15. > :04:20.this inside Isis business. We are seeing some documents have been

:04:21. > :04:26.discovered and annual reports in which it boasts about its

:04:27. > :04:32.achievements. The oil is a small part of it. It does obviously stick

:04:33. > :04:36.in people's throat, the idea that Islamic State is exporting and doing

:04:37. > :04:41.business with its enemies. Some of the parties fighting Islamic State,

:04:42. > :04:50.it is alleged, are supporting it and helping it to continue. We are

:04:51. > :04:56.getting a better insight into it. It does go back to the same trove of

:04:57. > :05:00.documents time after time. A lot is being written about it but probably

:05:01. > :05:10.not as much new information. Let's move on to the Daily Express. One of

:05:11. > :05:13.its main headlines is on the story about every school in Los Angeles

:05:14. > :05:18.being closed because of a terrorist bomb threat. What more is it saying

:05:19. > :05:24.that we do not already know apart from the fact that everybody is very

:05:25. > :05:29.tense? And America even more so. Los Angeles is very far away from the

:05:30. > :05:33.UK. But the San Bernardino attacks happened just outside the

:05:34. > :05:37.metropolitan area. I think everybody is trying to figure out whether the

:05:38. > :05:42.threat was real or not. People in Los Angeles decided to play it safe.

:05:43. > :05:46.There is probably chaos on the roads of Los Angeles as parents try to

:05:47. > :05:50.figure out how to pick up their children and employers try to figure

:05:51. > :05:55.out what to do without their parents at work. Yes, the US is very tense

:05:56. > :06:02.right now. Is this something we're just going to have to get used to?

:06:03. > :06:07.It seems that way. This is the first Christmas, the first time when I

:06:08. > :06:09.have noticed that people, when they discussed their plans for Christmas,

:06:10. > :06:14.suddenly bring in security arrangements. I'm not going to

:06:15. > :06:18.mention places that people say they will not frequent but we are seeing

:06:19. > :06:23.big-name places. People do not want to go there with their kids any

:06:24. > :06:26.more. It seems to be new. It is a worrying development. When people

:06:27. > :06:32.start to talk about those things, it gets you to think a little bit,

:06:33. > :06:37.should I be going there? The daily express main story is their

:06:38. > :06:46.perception that the oil crisis will hit pensions. Yes. The oil price is

:06:47. > :06:50.$37 a barrel now. Generally good news for the economy. It is a fiscal

:06:51. > :06:57.stimulus. The problem is if you own oil company shares you might be

:06:58. > :07:01.relying on them for your dividends. Oil companies are big payers of

:07:02. > :07:07.dividends historically. They do not have the money any more. From the

:07:08. > :07:12.consumer point of view, your heating bills go down. I am not quite sure

:07:13. > :07:16.what metrics they have used tear to say what kind of hit is going to

:07:17. > :07:20.happen. If you are not so reliant on dividends you may see a dividend

:07:21. > :07:26.from low oil prices. I thought there would be a bit more of Tim Peake

:07:27. > :07:34.hold the going were few Britons have gone before. It does make the front

:07:35. > :07:41.page of some papers. Fantastic images. I had great fun and BBC News

:07:42. > :07:49.denied reporting on this. It is interesting. Maybe they are

:07:50. > :07:56.struggling to say something new. It is surprising. This is the first

:07:57. > :07:59.Briton. Over 300 million euros a year in the UK gives to the European

:08:00. > :08:12.Space Agency. Italy have had five astronauts. Britains -- Britons have

:08:13. > :08:17.gone into space before but have done through the back door as space

:08:18. > :08:26.tourists. Five Italians and one Briton. It captivated Britain for

:08:27. > :08:30.the day. Here is a story that is very annual. Sometimes true,

:08:31. > :08:35.sometimes, I don't know. Big Christmas travel nightmare. Rail

:08:36. > :08:43.links to to of the country's biggest airports will be shut down. -- two.

:08:44. > :08:48.It is horrible for people who are trying to be frugal and pay cheap

:08:49. > :08:52.rates on their airfares that you cannot get together with because it

:08:53. > :08:57.is closing down, the Gatwick express is going to close down on Christmas

:08:58. > :09:01.Eve. That really bites. The trouble is they have to do the work at some

:09:02. > :09:06.stage and there is never going to be a good time. No but they could have

:09:07. > :09:09.announced that in September and October when people were trying to

:09:10. > :09:16.book their holidays. It is a stressful time of the year. Probably

:09:17. > :09:22.people are more stress at this time of the year. That is why the story

:09:23. > :09:24.has greater resonance now. I wonder if Tim Peake is going to miss

:09:25. > :09:30.headlines like that for the next six months. Shaul we return to the FT?

:09:31. > :09:36.There is a story that will make many people smile. Starbucks taxes

:09:37. > :09:42.beginning to flow for the UK Exchequer. This is after a long

:09:43. > :09:48.campaign to pay the tax many feel is due. Basically in 2012I did an

:09:49. > :09:53.investigation into Starbucks which showed they were not paying any tax

:09:54. > :09:57.in the UK. There were telling their investors they were making very good

:09:58. > :10:02.profits in the UK. That led to an outcry. They decided they should pay

:10:03. > :10:06.tax and they would not take these deductions they were paying them

:10:07. > :10:11.selves in overseas jurisdictions. The money is flowing in. 8 million.

:10:12. > :10:19.Many thanks. We will do it again at 11:30pm. We will be back at 11

:10:20. > :10:23.o'clock with the main stories of the night, including Tim Peake making

:10:24. > :10:26.history, becoming the first official British astronaut to board the

:10:27. > :10:32.International space station. Up next, it is Sportsday.