05/04/2016 The Papers


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

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


With me are the broadcaster Henry Bonsu and the former


Labour Trade Minister Lord Digby Jones.


Tomorrow's front pages starting with...


The Telegraph says there's growing speculation over


the Prime Minister's tax arrangements after his late father


Ian was named in the Panama papers. More on the leaked papers


It says the new Fifa boss elected to clean up world football


is the latest name to be connected to the scandal.


The Metro reports David Cameron has denied he or his family have


The Financial Times leads with a crackdown


on corporate tax loopholes by the Obama administration.


It says multinationals are furious at attempts to stop them


Reports that criminals have used tax loopholes to invest in London


properties is in the Times. It also carries a photograph of the woman


murdered by two teenage girls who were convicted today.


It says 1.8 million illegal migrants entered the EU last year.


A similar top story for the Daily Mail which says a staggering number


of jihadist are exploiting the crisis.


And the New Day carries a photo of Lucca, the dog


who is being awarded a medal for military bravery.


We will dip into some of those. Take us to the Telegraph, a lot more


panama talks with reference to the Prime Minister. The picture they


have chosen is pretty good because it shows him looking slightly


invasive, he is half peering over his glasses to give the impression


of a guy who is being pursued. I am not sure how much of a mystery there


is. He was asked a straight question, do you or have your family


ever benefited from any offshore trusts, the implication that there


is one started by his father and is worth today about ?35 million, his


father having died five or so years ago. He carefully responded in the


present and saying, I am the Prime Minister, I get my salary, I have


got my house and my savings and that is it. I do not have any shares or


offshore trusts or funds, nothing like that. Downing Street issued a


couple of statements later to clarify what he said and said, it is


time to put up or shut up on the Prime Minister. Does the mystery


deepened? I agree with Henry, the photograph is one of those which has


been taken greatly by somebody who shows a man under pressure. It looks


like he is under pressure, that is what press photographers do. It


would have been better that instead of saying I do not benefit, my


family does not benefit, these are the facts of the matter. This is


what my father did, I have no control over that, this is how the


family benefited, but I have not and do not. Or I did, but I do not now.


Get out there with it and get the initiative. The Telegraph say,


rather than qualified and highly specific statements he would be far


better off being completely transparent. Then he would kill it.


He has got a good answer if he says, I have not done this, but my dad


did. The company that his father had was called Blair Morant Holdings.


And then there is a cartoon on the far right. The man is looking and


saying, there is a triangle in Bermuda where all our money goes. It


is difficult for the Prime Minister because he has pushed this issue. He


says he will in a conference in an's time. There are two reasons why


politicians are pushing it, one is because they are F after every penny


they can get. But you cannot ask all these people who have not got the


value of the money to do it. You need to be earning big money for it


to be worth your while. But they are paying a lot of tax. Sweetheart


deals. The Metro says Cameron, put up or shut up. I think this has


legs, as they say in Fleet Street. A final paragraph in the Telegraph. It


says David Cameron inherited ?300,000 in 2010 and he may have


avoided reference to the past because of that. We shall maybe find


out more. Take us to the Guardian. The Guardian are running a big


article on one aspect of it which is coming out records of some other guy


in the panama scandal. It is somebody who has been buying and


selling football television rights. One of the agreements and was


prepared and signed on behalf of of the guy who has just become the Fifa


achieved. There is not one scintilla of accusation in the Guardian that


he has done anything wrong and there is nothing to say that we should say


he ever has and that is important to say. I am glad you have said it, I


would have felt duty bound to say so. It is what happens on your


watch. But hear what you have got is something coming out of panama and


it is significant that we have not heard anywhere near everything that


is coming out of this yet. Here is somebody who got voted in, he is


here in Fifa to clear it up in the post-blatter era and he is in


trouble after three and a half minutes. It is not that he did


anything wrong, it is the association, the perception, and


that will tarnish his image before he has even started. Fifa has been


hammered over the past few years, but Uefa where Gianni Infantino was


previously, they have so far avoided this level of problem and scrutiny.


But because he was there beforehand and his name appears, that is one of


the reasons why people will now look as closely at Uefa as they have at


Fifa. Let me move it on. The Financial Times and Chris land. This


one is not by association like Fifa. This is a serving leader of a


country, democratically elected, the Icelandic Prime Minister. I will let


Henry have a go at pronouncing his name, not me. Here is someone in


office who has actually been caught up in this scandal and rightly he is


resigning. But the interesting thing is on day one he did not, so 10,000


people, which is... They reckon 20 2000. The population of Iceland is


just over 300,000. It is amazing, they have said we will not put up


with this. It calls into probity people who are democratically


elected when they stand there and say, vote for me. I can pronounce


his name. I think he sold his shares in the company and a question to his


wife for $1 or whatever. Then he was asked about it on camera and walked


out of the interview saying it was ridiculous. A few years ago one of


their main banks went under and his wife stood to benefit from decisions


that he made as Prime Minister. He was not Prime Minister when the bank


went down. He was in the years following. I do not think it was on


his watch when the bank happened. I want to squeeze the times in before


we talk about Tatar 's real. -- Tata steel. A lot of properties in London


at the top and are owned by companies were, according to the


Times, what a surprise, where are these companies based? Panama. So


you have got people who are from countries like Nigeria, Azerbaijan,


which I mentioned, Chile, and all these properties are in London and


they are actually part of the problem and the issue. I believe


London is the capital of the world at the moment, it has made an


enormous success in so many areas, but it does nothing for the image if


you have got these people wrapped up in shady deals. I am going to move


back to the Financial Times. We will bypass one story and then talk about


Port Talbot. A huge story, very important to get this right for the


government. Huge numbers of jobs, they are talking about 3000 in this


piece. But if you look further down the value chain there are far more


jobs involved. Everybody is putting their hopes on the founder of the


commodities group Liberty House. But he has a list he wants to be


satisfied before he does anything. Power, pensions and plant. The


pensions are huge. 15 billion. In a former life I used to be a corporate


lawyer and I used to buy businesses. I can tell you now if I was acting


for a client to buy this I would say, I am not picking up 15 billion


in pensions. A lot of that is final salary schemes which do not happen


any more and it happened when British Steel was owned by the


taxpayer. In Germany the exempt the big power users from the green levy.


The left in Britain that says all these businesses, we have to tax


them... Most of the left. But actually it will put a lot of people


on the dole. Thirdly, it is environmental. What is this about


the left? I do not expect most people in the south-east to nowhere


Port Talbot is, but if you drive past it, it is huge. His biggest


problem will be that he would get rid of the blast furnace and put an


electric arc furnaces would not stand scrap metal. That is what he


does. But there is a different customer for that. The quality is


not quite so good bringing it down from slab to sheet to get it into


the auto industry. It is OK, but it is not quite so good. Would people


buy it? Yes, but the quality would not be so good. I think Sajiv Javid


is playing a blinder. He is the first Business Secretary for a long


time, but he has been in business. There is a novelty. Most people have


never run their own business. He has run a business. Gentle man, just as


it was getting lively, time is up. Time is up. It is a pleasure. All


the front pages are online on the BBC News website where you can read


the detailed review of the papers. It is all there for you. Each


night's edition of the papers is posted on the page shortly after we


have finished. Thank you Henry and Digby. Goodbye.


Most of us today managed to get away with some sunshine, there were a


couple of showers about, but that was pretty much it.


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