11/02/2016 The Papers

ban them from their Olympics. Adam Johnson has been sacked by

Sunderland after pleading guilty to child sex offenders. And we will let

you know who is in and who is out from the weekend's Six Nations

clashes. Hello and welcome to

our look ahead to what the papers With me are the broadcaster Penny

Smith, and the Telegraph's economics Junior doctors are poised to leave

England to practise abroad rather than sign up to new contracts,

that's the Daily Mail's lead. The Guardian says junior doctors

will fight on in their dispute with the Health

Secretary Jeremy Hunt, despite the The Metro has a helpful suggestion

for Google executive Matt Brittin, who told a parliamentary committee

he didn't know how much he earned, The Financial Times leads with what

it describes as turmoil The migrant crisis is

on the front page of the Times. The paper says Turkey has warned

it will open the gates and let The Telegraph warns David Cameron

that he could risk a Tory split if he ignores party members over

Europe. And galaxies far, far away are

on the front of the Independent. It's the news that Einstein's

theory of gravitational waves Let's begin with the Guardian and

the Mail, and how they are reporting the decision by Jeremy Hunt to

oppose this new contract. Doctors vow to fight on, the BMA says all

options are still open, including further strikes a pillow the news is

that Jeremy Hunt has decided to impose a new contract on 45,000

junior doctors in England that will make Saturday part of their core

roster. This is a Tory manifesto. The doctors are calling it

horrific, we have seen two months of negotiation, to strikes, several

cancelled. Now, the doctors' union are talking about a further stroke,

an all-out strike, including emergency care. The Guardian reports

it quite sympathetically, as you would imagine. The Mail focuses on

the fact that it cost the NHS ?350,000 to train a junior doctor

and if they threaten to go elsewhere maybe they should pay some of that

money back. As you mentioned, they are saying that they don't know what

they are going to be doing next. But there are suggestions that there

could be an all-out strike. But that would also mean that there would no

doubt be a lessening of public support. That is something that I

think would definitely be something of a last resort. You do wonder. I

know they were saying it was a pledge, it was in the manifesto.

Nevertheless, if there is not enough stretch already then where is it

going to come from? How can you make... If there aren't enough

people in the first place you can't cover their shifts. If you talk

about the number of operations that have been cancelled, and each one of

those wobbly somebody who is in pain. 6000, they say. There are

doctors who have been on social media saying, look at all the

thousands who were cancelled last year because there weren't enough

people to in the first place. Eventually, the people who don't

want to work in the system will go elsewhere, and the new people coming

through will never have known any different and they will be prepared

to sign up to this it they want to be a doctor. I think that is what

ministers hope, but if he BMA feels it has no choice, that they have

been back into a corner, which many people think circumvents the

Hippocratic oath... Yes, eventually that is what happens, but that takes

time. In the meantime you have people using the NHS will find it

difficult. We have mentioned the Daily Mail. Doctors might not choose

to train here any more. They might go somewhere else. Yes, they could

go anywhere, they don't have to. Look at the Independent. One of

these beautiful pictures stories. . That looks like a brown plughole. In

a pretty way. Can we just say what it is? Two black holes are crashing

together and creating so much energy that it eclipses all the energy of

all the stars elsewhere. 1.5 billion light years away. It is like the

warp factor ten in the USS enterprise. These gravitational

waves were felt in America, where in the US they have these huge

great... They have these whopping great hoses with four kilometres of

it. They were able to hear this chirp, chirp, from deep space. Don't

you find this exciting? They are saying it is completely new and it

gives a whole new... 100 years ago Einstein was saying this. I just

don't really understand this story. I have read many versions of it and

I wonder if anybody writing about it in the papers actually understands

it. I think Penny has done an excellent job explaining it. There

is a bit here that I have been... These instruments confirm the effect

of real gravitational waves, rather than a local disturbance. I like the

idea that it is ripples in the fabric of space-time. That is when I

start to not really understand it. We don't really need to, but we can

say it is brilliant and understanding. I am not a tax

expert, says the tax chief. There was a hearing today of the Commons

Public Accounts Committee chaired by Meg Hillier, and there was some

beating up of the head of Google when he didn't know precisely what

he made, and Dame Lin Homer was also there, defending the ?130 million

tax deal with Google, saying she was confident that all the tax had been

paid. But she did say that she didn't sit on a lot of the

committees when the deals were struck. She said she wasn't a tax

expert. You don't have to be a tax expert to run a department, do you?

The person who runs a newspaper might not be an expert. You would

hope they would be a journalist. As you go further up the chain of

command you might be in the trenches less, so your knowledge would become

out of date, but if you are ahead running a school you would hope that

the headmaster or headmistress had a lot of experience of teaching and

had been a good teacher in their time. Why don't they just set the

tax level at 10%, and make everybody Payet? If everybody said 10%. All of

us? Everybody pay 10%. George Osborne was a big fan of flat taxes.

You have a bar that is set at a certain number of thousands per

year... There is a lot of economic literature that stands up that

theory. The flat tax brings in more revenue. Why are you denigrating the

BBC News channel? I'm not, I love it, that is why I am here. When you

think about Google having paid 0.5%, if it paid 10%, think about that.

Surely they are always going to try... If you say flat tax... If you

are not evading tax you are not necessarily breaking any laws. You

are not, demonstrably you are not breaking the law. In Google's

defence, shoot me down if you want, but if you are the CEO of a company

it is illegal obligation to minimise your tax bill for your shareholders.

The problem is that tax law is so complex, there are so many

loopholes, that companies will always do that. Is 10% level... I

just made that up. You think that is a flat rate to generate the same

amount of tax? Somewhere between 15 and 20%. With fewer allowances. But

want people still try to be below that? If you put tax on things like

land and things that can't be hidden offshore, it is easier to get a

higher level of compliance. If anyone wants to ring me up and talk

to me about it, I am available. I'm all over it. Space exploration, tax

returns... Turkey threatens Europe with millions of migrants, tensions

mount, we are not idiots, says Recep Tayyip Erdogan. You can criticise

him, the firebrand President of Turkey, but what is going on in

Turkey is really quite astonishing. It is now holding 3 million

refugees, 2.5 million from Syria, more fleeing President Assad in

Syria all the time. He's complaining that Turkey is being taken are

granted. They were supposed to get 3 billion euros, weren't they? We can

say goodbye to refugees on our soil, threatening to let them leave. What

more does he want? I think he wants money and geopolitical recognition.

Fast tracking into the EU? Public opinion in Turkey is quite split on

whether they want to be part of the EU. Consider how many people visa. 3

million refugees, including 2.5 million from Syria. That is a lot of

people, and people who will want to go back to Syria. He is really

picking his moment, because this upcoming summit is coming. A lot of

people will be frightened about whether we can still have the

Schengen agreement if all these people are coming into Turkey. VFT,

a day of turmoil as global markets are struck -- the Financial Times. I

know all about that yellow line, I did A-level economics. For a lot of

people this is about pensions. It is about their pension pots. Of course,

a lot of us have indirect holdings in stock markets through pensions

and insurance policies, but at the moment there is so much pressure,

with the first week in January being the worst opening of the year since

before the First World War. There is so much turmoil that the markets are

in danger of creating the economic slowdown that they are trying to...

Bears could wander in from the woods. It is now officially a bear

market. The FTSE is down 20% from its peak. That is the definition of

a bear market. What also happened today is the interest rates went

further into negative territory. Central banks are trying to force

commercial banks to take their money out of the central bank and lending

it out by penalising them to keeping them in the central bank. I think

Black holes are easier to understand. I think so too. With the

idea of our interest rates going up any time soon, that has gone? Yes,

that is worth saying. Mark Carney with his forward guidance, Janet

Yellen from the US central bank, they are saying they are going to

put interest rates up because they want to convey the idea that we are

in normal economic territory and interest rates can start getting

back to what we were used to. But the moment central bankers start

talking about putting up interest rates the markets have a tantrum.

Janet Yellen can now not put interest rates up. What would you

do? What ... I would not have printed money to the extent we have

and I would have started raising interest rates a long time ago. I

would bring in a flat tax rate, all sorted. Yes, it is all sorted. Tom,

what are you saying in my ear? You would have caused a depression. No!

This cartoon, your pension fund felt so dramatically that scientists were

able to detect gravitational waves. Peter hall says Penny Smith is...

The moon was very nice on the way in this morning. It is all over,

hallelujah. Coming up next, Sportsday.