:00:15. > :00:17.Hello and welcome to our look ahead to what the the papers will be
:00:18. > :00:21.With me are the broadcaster Henry Bonsu and the former
:00:22. > :00:28.Labour Trade Minister Lord Digby Jones.
:00:29. > :00:30.Tomorrow's front pages starting with...
:00:31. > :00:33.The Telegraph says there's growing speculation over
:00:34. > :00:35.the Prime Minister's tax arrangements after his late father
:00:36. > :00:39.Ian was named in the Panama papers. More on the leaked papers
:00:40. > :00:47.It says the new Fifa boss elected to clean up world football
:00:48. > :00:49.is the latest name to be connected to the scandal.
:00:50. > :00:53.The Metro reports David Cameron has denied he or his family have
:00:54. > :00:59.The Financial Times leads with a crackdown
:01:00. > :01:02.on corporate tax loopholes by the Obama administration.
:01:03. > :01:06.It says multinationals are furious at attempts to stop them
:01:07. > :01:20.Reports that criminals have used tax loopholes to invest in London
:01:21. > :01:23.properties is in the Times. It also carries a photograph of the woman
:01:24. > :01:28.murdered by two teenage girls who were convicted today.
:01:29. > :01:36.It says 1.8 million illegal migrants entered the EU last year.
:01:37. > :01:44.A similar top story for the Daily Mail which says a staggering number
:01:45. > :01:46.of jihadist are exploiting the crisis.
:01:47. > :01:49.And the New Day carries a photo of Lucca, the dog
:01:50. > :01:53.who is being awarded a medal for military bravery.
:01:54. > :02:00.We will dip into some of those. Take us to the Telegraph, a lot more
:02:01. > :02:04.panama talks with reference to the Prime Minister. The picture they
:02:05. > :02:08.have chosen is pretty good because it shows him looking slightly
:02:09. > :02:14.invasive, he is half peering over his glasses to give the impression
:02:15. > :02:20.of a guy who is being pursued. I am not sure how much of a mystery there
:02:21. > :02:24.is. He was asked a straight question, do you or have your family
:02:25. > :02:31.ever benefited from any offshore trusts, the implication that there
:02:32. > :02:35.is one started by his father and is worth today about ?35 million, his
:02:36. > :02:42.father having died five or so years ago. He carefully responded in the
:02:43. > :02:46.present and saying, I am the Prime Minister, I get my salary, I have
:02:47. > :02:51.got my house and my savings and that is it. I do not have any shares or
:02:52. > :02:56.offshore trusts or funds, nothing like that. Downing Street issued a
:02:57. > :03:01.couple of statements later to clarify what he said and said, it is
:03:02. > :03:09.time to put up or shut up on the Prime Minister. Does the mystery
:03:10. > :03:14.deepened? I agree with Henry, the photograph is one of those which has
:03:15. > :03:20.been taken greatly by somebody who shows a man under pressure. It looks
:03:21. > :03:24.like he is under pressure, that is what press photographers do. It
:03:25. > :03:28.would have been better that instead of saying I do not benefit, my
:03:29. > :03:34.family does not benefit, these are the facts of the matter. This is
:03:35. > :03:38.what my father did, I have no control over that, this is how the
:03:39. > :03:44.family benefited, but I have not and do not. Or I did, but I do not now.
:03:45. > :03:51.Get out there with it and get the initiative. The Telegraph say,
:03:52. > :03:54.rather than qualified and highly specific statements he would be far
:03:55. > :04:00.better off being completely transparent. Then he would kill it.
:04:01. > :04:07.He has got a good answer if he says, I have not done this, but my dad
:04:08. > :04:19.did. The company that his father had was called Blair Morant Holdings.
:04:20. > :04:27.And then there is a cartoon on the far right. The man is looking and
:04:28. > :04:33.saying, there is a triangle in Bermuda where all our money goes. It
:04:34. > :04:38.is difficult for the Prime Minister because he has pushed this issue. He
:04:39. > :04:44.says he will in a conference in an's time. There are two reasons why
:04:45. > :04:51.politicians are pushing it, one is because they are F after every penny
:04:52. > :04:55.they can get. But you cannot ask all these people who have not got the
:04:56. > :05:00.value of the money to do it. You need to be earning big money for it
:05:01. > :05:10.to be worth your while. But they are paying a lot of tax. Sweetheart
:05:11. > :05:18.deals. The Metro says Cameron, put up or shut up. I think this has
:05:19. > :05:25.legs, as they say in Fleet Street. A final paragraph in the Telegraph. It
:05:26. > :05:28.says David Cameron inherited ?300,000 in 2010 and he may have
:05:29. > :05:37.avoided reference to the past because of that. We shall maybe find
:05:38. > :05:42.out more. Take us to the Guardian. The Guardian are running a big
:05:43. > :05:47.article on one aspect of it which is coming out records of some other guy
:05:48. > :05:51.in the panama scandal. It is somebody who has been buying and
:05:52. > :05:56.selling football television rights. One of the agreements and was
:05:57. > :06:04.prepared and signed on behalf of of the guy who has just become the Fifa
:06:05. > :06:08.achieved. There is not one scintilla of accusation in the Guardian that
:06:09. > :06:12.he has done anything wrong and there is nothing to say that we should say
:06:13. > :06:17.he ever has and that is important to say. I am glad you have said it, I
:06:18. > :06:26.would have felt duty bound to say so. It is what happens on your
:06:27. > :06:30.watch. But hear what you have got is something coming out of panama and
:06:31. > :06:35.it is significant that we have not heard anywhere near everything that
:06:36. > :06:41.is coming out of this yet. Here is somebody who got voted in, he is
:06:42. > :06:44.here in Fifa to clear it up in the post-blatter era and he is in
:06:45. > :06:50.trouble after three and a half minutes. It is not that he did
:06:51. > :06:53.anything wrong, it is the association, the perception, and
:06:54. > :06:59.that will tarnish his image before he has even started. Fifa has been
:07:00. > :07:06.hammered over the past few years, but Uefa where Gianni Infantino was
:07:07. > :07:12.previously, they have so far avoided this level of problem and scrutiny.
:07:13. > :07:17.But because he was there beforehand and his name appears, that is one of
:07:18. > :07:24.the reasons why people will now look as closely at Uefa as they have at
:07:25. > :07:34.Fifa. Let me move it on. The Financial Times and Chris land. This
:07:35. > :07:38.one is not by association like Fifa. This is a serving leader of a
:07:39. > :07:43.country, democratically elected, the Icelandic Prime Minister. I will let
:07:44. > :07:48.Henry have a go at pronouncing his name, not me. Here is someone in
:07:49. > :07:55.office who has actually been caught up in this scandal and rightly he is
:07:56. > :08:03.resigning. But the interesting thing is on day one he did not, so 10,000
:08:04. > :08:11.people, which is... They reckon 20 2000. The population of Iceland is
:08:12. > :08:17.just over 300,000. It is amazing, they have said we will not put up
:08:18. > :08:21.with this. It calls into probity people who are democratically
:08:22. > :08:33.elected when they stand there and say, vote for me. I can pronounce
:08:34. > :08:39.his name. I think he sold his shares in the company and a question to his
:08:40. > :08:43.wife for $1 or whatever. Then he was asked about it on camera and walked
:08:44. > :08:51.out of the interview saying it was ridiculous. A few years ago one of
:08:52. > :08:56.their main banks went under and his wife stood to benefit from decisions
:08:57. > :09:01.that he made as Prime Minister. He was not Prime Minister when the bank
:09:02. > :09:08.went down. He was in the years following. I do not think it was on
:09:09. > :09:15.his watch when the bank happened. I want to squeeze the times in before
:09:16. > :09:23.we talk about Tatar 's real. -- Tata steel. A lot of properties in London
:09:24. > :09:29.at the top and are owned by companies were, according to the
:09:30. > :09:33.Times, what a surprise, where are these companies based? Panama. So
:09:34. > :09:41.you have got people who are from countries like Nigeria, Azerbaijan,
:09:42. > :09:47.which I mentioned, Chile, and all these properties are in London and
:09:48. > :09:52.they are actually part of the problem and the issue. I believe
:09:53. > :09:57.London is the capital of the world at the moment, it has made an
:09:58. > :10:01.enormous success in so many areas, but it does nothing for the image if
:10:02. > :10:07.you have got these people wrapped up in shady deals. I am going to move
:10:08. > :10:16.back to the Financial Times. We will bypass one story and then talk about
:10:17. > :10:21.Port Talbot. A huge story, very important to get this right for the
:10:22. > :10:27.government. Huge numbers of jobs, they are talking about 3000 in this
:10:28. > :10:32.piece. But if you look further down the value chain there are far more
:10:33. > :10:39.jobs involved. Everybody is putting their hopes on the founder of the
:10:40. > :10:49.commodities group Liberty House. But he has a list he wants to be
:10:50. > :10:57.satisfied before he does anything. Power, pensions and plant. The
:10:58. > :11:01.pensions are huge. 15 billion. In a former life I used to be a corporate
:11:02. > :11:06.lawyer and I used to buy businesses. I can tell you now if I was acting
:11:07. > :11:11.for a client to buy this I would say, I am not picking up 15 billion
:11:12. > :11:15.in pensions. A lot of that is final salary schemes which do not happen
:11:16. > :11:19.any more and it happened when British Steel was owned by the
:11:20. > :11:25.taxpayer. In Germany the exempt the big power users from the green levy.
:11:26. > :11:34.The left in Britain that says all these businesses, we have to tax
:11:35. > :11:39.them... Most of the left. But actually it will put a lot of people
:11:40. > :11:46.on the dole. Thirdly, it is environmental. What is this about
:11:47. > :11:50.the left? I do not expect most people in the south-east to nowhere
:11:51. > :11:58.Port Talbot is, but if you drive past it, it is huge. His biggest
:11:59. > :12:03.problem will be that he would get rid of the blast furnace and put an
:12:04. > :12:08.electric arc furnaces would not stand scrap metal. That is what he
:12:09. > :12:15.does. But there is a different customer for that. The quality is
:12:16. > :12:20.not quite so good bringing it down from slab to sheet to get it into
:12:21. > :12:28.the auto industry. It is OK, but it is not quite so good. Would people
:12:29. > :12:35.buy it? Yes, but the quality would not be so good. I think Sajiv Javid
:12:36. > :12:39.is playing a blinder. He is the first Business Secretary for a long
:12:40. > :12:47.time, but he has been in business. There is a novelty. Most people have
:12:48. > :12:54.never run their own business. He has run a business. Gentle man, just as
:12:55. > :13:02.it was getting lively, time is up. Time is up. It is a pleasure. All
:13:03. > :13:06.the front pages are online on the BBC News website where you can read
:13:07. > :13:15.the detailed review of the papers. It is all there for you. Each
:13:16. > :13:20.night's edition of the papers is posted on the page shortly after we
:13:21. > :13:30.have finished. Thank you Henry and Digby. Goodbye.
:13:31. > :13:38.Most of us today managed to get away with some sunshine, there were a
:13:39. > :13:40.couple of showers about, but that was pretty much it.