30/12/2015 The Papers


30/12/2015

No need to wait to see what's in the papers - tune in for a lively and informed conversation about the next day's headlines.


Similar Content

Browse content similar to 30/12/2015. Check below for episodes and series from the same categories and more!

Transcript


LineFromTo

to see an award coming this way for it. He is one of the hundreds being

:00:00.:00:00.

honoured for their work in the local community.

:00:00.:00:17.

Hello and welcome to our look ahead to what the papers will be

:00:18.:00:20.

With me are the campaigner and broadcaster Lynn Faulds Wood

:00:21.:00:23.

and the Independent's Political Correspondent, James Cusick.

:00:24.:00:32.

The Guardian has a picture of Dumfries in Scotland under water

:00:33.:00:38.

after the River Nith burst its banks.

:00:39.:00:40.

The paper says George Osborne has been accused of jeopardising

:00:41.:00:42.

Britain's flood defences by prioritising cutting the deficit.

:00:43.:00:45.

Top women in business who have received honours are pictured

:00:46.:00:47.

Its main story: A review of Britain's banking culture has

:00:48.:00:52.

been ditched by Britain's financial watchdog only months

:00:53.:00:54.

The Express says the UK's payments to Brussels are another reason

:00:55.:00:59.

Train tickets could become a thing of the past.

:01:00.:01:21.

And The Mirror has an image of the man accused of shooting

:01:22.:01:24.

dead his wife in a care home in Essex.

:01:25.:01:27.

Let's kick off with the ST FrontPage. This was the central

:01:28.:01:39.

plank of the Financial Conduct Authority's plans. They were going

:01:40.:01:44.

to review the culture of pay and promotion within the bank and

:01:45.:01:48.

concerns about their practices and so on. It has all been scrapped. I

:01:49.:01:55.

worry about reviews. I am conducting one for the moment for the

:01:56.:02:00.

Government into unsafe products and things which I did for watchdog. It

:02:01.:02:07.

is worried -- worrying that they are kicked into the long grass. I hope

:02:08.:02:11.

that does not happen to mind. This was launched and put to Parliament

:02:12.:02:16.

and business scenario has all gone. I do not know if that is associated

:02:17.:02:22.

with the fact that the Chief Executive of the Financial Conduct

:02:23.:02:24.

Authority was forced out just around the time they were launching this

:02:25.:02:30.

review. Now it looks like it is being scrapped. Scrapped or delayed?

:02:31.:02:38.

A Conservative MP told that he hoped it was delayed rather than

:02:39.:02:42.

cancelled. I think it is actually dead. I think that is what happened.

:02:43.:02:49.

This has been coming. There have been noises from Downing Street that

:02:50.:02:54.

effectively the Government needed a new relationship, a closer

:02:55.:02:58.

relationship, with the city. Another is of banker bashing is not wanted.

:02:59.:03:07.

That is what has happened. -- era of banker bashing. There is potential

:03:08.:03:11.

for criminal investigations and lots of stuff to happen. They want to

:03:12.:03:16.

draw a line and move on. I'm sure they want to do that. They're worthy

:03:17.:03:22.

foreign exchange scandals and the LIBOR scandals. We still have court

:03:23.:03:27.

cases going through on that. It is very low fruit, the catchment on

:03:28.:03:37.

that. The focus on the culture in financial services firms remains a

:03:38.:03:42.

priority. There is ongoing work in this area within firms and

:03:43.:03:49.

externally. How long does that take? I still remember days when people

:03:50.:03:55.

like Fred Goodwin were honoured for their services to banking. Why don't

:03:56.:04:03.

they publish the Christmas bonuses, to stop us being cynical? We have

:04:04.:04:10.

only had a few days since Christmas! Take us to the other story. Rubel

:04:11.:04:18.

plunges as oil is in second year of recession. The Russian president has

:04:19.:04:24.

said he expected the crisis to have passed. That does not look as if it

:04:25.:04:31.

has happened. On international markets, Saudi Arabia has what is

:04:32.:04:38.

called a pump and dump strategy. They continued to use this strategy

:04:39.:04:47.

because they are trying to hurt the shale industry. There will probably

:04:48.:04:52.

be new supplies from Iran and Libya coming. The amount of supply of all

:04:53.:05:01.

-- of oil will do nothing. Unlike Russia. The predictions of an easy

:05:02.:05:08.

year are gone. This story is well explained. It basically says, the

:05:09.:05:14.

rouble has nothing to look forward to. Good news for us consumers who

:05:15.:05:20.

feel our cars with petrol. My favourite phrase in all of this is

:05:21.:05:26.

an economist from Russia saying the current crisis has no concrete

:05:27.:05:32.

bottom. That is putting it mildly. That may be a bad translation. Fair

:05:33.:05:40.

enough. In the Express. Britain pays EU ?1 billion a month. This is

:05:41.:05:47.

coming from the chief Executive of the league campaign. I would like to

:05:48.:05:54.

have this audited. We gain and we lose. This 1 billion may not in

:05:55.:06:01.

fact, be an exact 1 billion. They are claiming 1 billion a month will

:06:02.:06:06.

make us want to leave Europe. This is as a result of him saying we have

:06:07.:06:12.

spent half ?1 trillion into the budget since joining. I have done a

:06:13.:06:21.

lot of work in Europe and helped matters. I think we get a lot out of

:06:22.:06:26.

Europe we cannot quantify on health. We are still among the worst in

:06:27.:06:33.

Europe for things like cancer. We do a lot of business with Europe. How

:06:34.:06:40.

you can quite say, can you work it out, that this is a billion quid a

:06:41.:06:46.

month? If we take the Prime Minister at his word, we are potentially six

:06:47.:06:53.

months away from a referendum. Increasingly, we are liable to see

:06:54.:06:59.

this kind of campaigning. As dark as this, whether is no attempt to

:07:00.:07:06.

balance two sides of the equation. This is effectively an opening

:07:07.:07:09.

gambit. Over the next six months we need to be vigilant that Europeans

:07:10.:07:14.

have told only one side of the story. Stay with it. James, quite

:07:15.:07:25.

telling image on the front from the storms that a lot of people have

:07:26.:07:33.

ensured. 100 miles an hour wind. The BBC has been good on this. The BBC

:07:34.:07:41.

has been trying to explain how, if you like, this is happening. It is

:07:42.:07:48.

not freak weather. This was effectively coming, this scale of

:07:49.:07:56.

stuff. Once it reaches this amount, when you see fairly established

:07:57.:08:02.

towns underwater, Dumfries and your, these are horrific images. The

:08:03.:08:08.

climate change deniers are in a very difficult position. How much have we

:08:09.:08:14.

known it was coming? How much have we could you be two to it? Earlier

:08:15.:08:19.

in the summer there was torch about farmers were straightening out the

:08:20.:08:26.

rivers. -- there was talk. We need to know the contributory factors. We

:08:27.:08:30.

knew it was coming and we knew it would be horrible. We did not know

:08:31.:08:36.

it would be this horrible. We need to get more prevention strategies

:08:37.:08:39.

going. If we are increasingly going to have this happen, do we have to

:08:40.:08:44.

look at Dominic Grieve can either abandon your home and go somewhere

:08:45.:08:48.

else and give it to someone who will want to live there and be flooded? I

:08:49.:08:53.

have covered the floods down in Gloucestershire. It is a horrible

:08:54.:08:57.

thing when you're flooded. The houses were getting ready and all

:08:58.:09:01.

the electrics were lifted. If you want to live right beside the River,

:09:02.:09:08.

there will be so much flooding and cowboy builders will have a field

:09:09.:09:14.

day. Some of the flood defences, the first time the river flooded, it's

:09:15.:09:19.

not the walls down. We have to be very careful and put much more

:09:20.:09:27.

effort... We keep reading about the cutting the budget. That takes us on

:09:28.:09:33.

to the front page of the Guardian. James... This is the George Osborne

:09:34.:09:40.

quote. The Guardian has been quite clear. It is the National Audit

:09:41.:09:49.

Office figures. They say there is a 10 cents decline in flood defence

:09:50.:09:56.

spending since 2010. -- a 10% decline. The professor has analysed

:09:57.:10:01.

the data transferred, what we really expect is to see spending at a much

:10:02.:10:08.

higher level. Over the last five years, we have had climate change

:10:09.:10:13.

deniers in fairly senior positions in the Government. We do have David

:10:14.:10:18.

Cameron promising to invest ?400 million year in shoring up flood

:10:19.:10:22.

defences. It is how you shore them up. At the moment we are trying to

:10:23.:10:27.

contain the rivers survey do not overflow. We need to go deeper and

:10:28.:10:32.

earlier and find how the rivers are getting so fall in the first place.

:10:33.:10:43.

I live on a flood plain. He said you are mad if you live in a flood plain

:10:44.:10:47.

and you are mad if you build a house in a flood plain. They do not take

:10:48.:10:58.

into account the dramatic changes. If the Government is serious about

:10:59.:11:03.

this, and it needs to be, they need to make your detailed enquiry. Two

:11:04.:11:09.

they have their policy correct? If we are going to believe the Oxford

:11:10.:11:15.

professor, they have not. One more from the Guardian. UK builders hold

:11:16.:11:20.

back enough land for 600,000 new homes. Osborne said there is a

:11:21.:11:30.

growing crisis facing home ownership. The biggest

:11:31.:11:35.

house-builders in the land have enormous land banks of places they

:11:36.:11:41.

could build on. I live in an area near Twickenham Studios. That was

:11:42.:11:46.

going to be taken away and replaced with housing. The house-builder that

:11:47.:11:50.

was interested in that said we have plenty of other land. There is

:11:51.:11:59.

plenty of land. The problem is, they are not building affordable houses

:12:00.:12:04.

on it. Take us to the Telegraph and the end of the line for train

:12:05.:12:11.

tickets. This is the same way as London works with Oyster cards. I'm

:12:12.:12:16.

hesitant about this story. I do not want to be in Waterloo, Euston or

:12:17.:12:21.

King's Cross on the day that this begins. I really do not. Ayew

:12:22.:12:27.

imagining it will not go smoothly? There is a line here is that says,

:12:28.:12:32.

this is the managing director of the project saying, the new ticketing

:12:33.:12:36.

system would improve the experience. Two the line where the computer

:12:37.:12:43.

says, no? I just have visions of massive queues. The idea is we do

:12:44.:12:48.

not need to have a paper ticket any more. We can even use credit cards.

:12:49.:12:56.

I'm just not confident we can do it quickly. Find Mac in other countries

:12:57.:13:04.

they are streets ahead. I live in London and I go on the tube. I can

:13:05.:13:10.

tap in my credit card and it is half the price if I bought a ticket or

:13:11.:13:14.

used cans. They want to do away with all the nice people who are sitting

:13:15.:13:19.

there and selling me something and having it automated.

:13:20.:13:22.

No need to wait to see what's in the papers - tune in for a lively and informed conversation about the next day's headlines.


Download Subtitles

SRT

ASS