:00:00. > :00:18.Hello and welcome to our look ahead to what the the papers will be
:00:19. > :00:22.With me are Nigel Nelson, political editor of the Sunday People,
:00:23. > :00:28.and the political commentator Jo Phillips.
:00:29. > :00:34.There is a lot of politics to commentate on. They happen decent
:00:35. > :00:35.and have brought -- they have been decent and have brought their tax
:00:36. > :00:38.returns! The Sunday Telegraph leads
:00:39. > :00:41.with details of the Prime Minister's financial affairs after
:00:42. > :00:43.David Cameron took the unprecedented step of publishing details
:00:44. > :00:49.of his tax returns. The Sunday Times also has that
:00:50. > :00:55.story, including a claim that the PM could avoid -- could have avoided
:00:56. > :01:00.paying inheritance tax on a gift from his mother. The Mail On Sunday
:01:01. > :01:02.says this is a historic moment for David Cameron. The financial
:01:03. > :01:08.disclosures also make the front of the Observer, which it concedes is
:01:09. > :01:13.unprecedented by a sitting Prime Minister. The express also pours
:01:14. > :01:18.over the details, but it also wants to know how rich Samantha Cameron
:01:19. > :01:23.is. It is everywhere, then, isn't it? Let's start with the Observer on
:01:24. > :01:30.how it reports the story. Cameron discloses his tax affairs in bed to
:01:31. > :01:34.defuse Panama crisis. It is an unprecedented release of personal
:01:35. > :01:37.tax details, but we have had a week where the statements have been
:01:38. > :01:44.partial disclosure after partial closure. It is like the Archers,
:01:45. > :01:49.isn't it? He is the first Prime Minister in history, and I believe
:01:50. > :01:53.the first leader of a political party, to publishers tax return.
:01:54. > :02:02.He's going to establish a task force led by HM RC to look at the legality
:02:03. > :02:08.of the financial affairs of the Company is named in the Panama
:02:09. > :02:12.papers. There will, I'm sure, be pressure on all politicians and
:02:13. > :02:16.people seeking public office to publish their affairs as well
:02:17. > :02:19.thought out if there were anything untoward, he wouldn't publish the
:02:20. > :02:31.details, would he? I have poured over them all afternoon. The kind of
:02:32. > :02:37.thing you see is what he pays tax on. For the first time, we now know
:02:38. > :02:41.that he gets his share of the house that he rents out, the family home.
:02:42. > :02:49.He shares that with Samantha, they take off each. He gets about ?46,000
:02:50. > :02:54.a year in rent and pays tax on that. On his overall income, he pays a
:02:55. > :02:58.total of about ?76,000 for last year. Although those things are not
:02:59. > :03:02.a surprise in the sense that we knew his salary beforehand, at least the
:03:03. > :03:06.public get a chance to look at that what really, it's what he should
:03:07. > :03:10.have done on Monday, if he'd been sensible about it. He would have
:03:11. > :03:15.said, OK, if there is any question, let me show you what I do. And he
:03:16. > :03:21.did say four years ago that he would publish his tax will stop four years
:03:22. > :03:26.to the day. If he had done it four years ago... Will it defuse the
:03:27. > :03:32.Panama crisis? It is much bigger than just him, isn't it? I don't
:03:33. > :03:36.think it will defuse the crisis. As we'll see from looking at the
:03:37. > :03:40.papers, this is a story about David Cameron and his leadership. While it
:03:41. > :03:44.is interesting and gives us something to talk about, I think it
:03:45. > :03:49.detracts from the much bigger issue, which is what the Panama papers have
:03:50. > :03:54.revealed, which is companies and organisations and crocs and tyrants
:03:55. > :03:58.hiding their money in a way that is much more damaging. I think the
:03:59. > :04:05.damaging bit... All that is true, by the way. But the actual damaging bit
:04:06. > :04:09.is to do with offshore accounts at all. It is not that there are
:04:10. > :04:16.necessarily as anything dodgy about it, but what we're dealing with here
:04:17. > :04:20.is that these are places where people hide money and hide the
:04:21. > :04:24.ownership of that money. Hiding anything creates suspicion. The
:04:25. > :04:27.moment you are linked to one of these places, doesn't mean you have
:04:28. > :04:32.done anything wrong at all, but the question is, why? Why do you want to
:04:33. > :04:37.go? The thing that some people regard as a model is the fact that
:04:38. > :04:42.in certain places no tax is paid by these companies that hold the money.
:04:43. > :04:47.That's right. The tax is only paid when the money comes back on shore.
:04:48. > :04:50.It is the issue about hiding. You can understand why, if you have a
:04:51. > :04:53.load of money in a country where you are likely to have it taken away by
:04:54. > :04:58.her dodgy Government, you would want to get it out of that country. Why
:04:59. > :05:09.do people in Britain need to do the same think was back let's look at
:05:10. > :05:16.the Mail On Sunday. -- why do people in Britain need to do the same?
:05:17. > :05:24.Let's look at the Mail On Sunday. He was below the in camera to and
:05:25. > :05:30.stacks threshold, so keep -- he was below the inheritance tax threshold.
:05:31. > :05:35.Had it been a lump sum from his father, clearly, he would have paid
:05:36. > :05:40.somewhere between ?70,000 and ?80,000 on that. He didn't, he
:05:41. > :05:45.actually invested in land. The question is, was he trying to avoid
:05:46. > :05:49.anything? If she lives for other two years, he won't pay any money at all
:05:50. > :05:52.and it will be a gift. The Mail On Sunday is getting ahead of itself,
:05:53. > :06:06.it is saying that he has avoided this, but it depends on his mother
:06:07. > :06:07.living another two years. The Sunday Telegraph explained that more
:06:08. > :06:10.clearly. Those arrangements are open to everybody. Absolutely. I dare say
:06:11. > :06:12.you could look at the personal finance columns in any of the Sunday
:06:13. > :06:15.papers and they would be advising people how to do that. It is quite a
:06:16. > :06:18.common thing that people want to give money to their children, and it
:06:19. > :06:22.is absolutely the parent or the person giving the money who has got
:06:23. > :06:25.to live for seven years in order for you to avoid paying inheritance tax.
:06:26. > :06:30.It is pretty standard procedure, it's not illegal. But it is the sums
:06:31. > :06:38.of money involved, which to a lot of people will look like a lottery win.
:06:39. > :06:42.I think that is the problem, Martine, as things in politics often
:06:43. > :06:47.are, it is about perception. And the perception is, here he is, this Tory
:06:48. > :06:54.toff with loads and loads of money, beyond the dreams of a lot of
:06:55. > :06:57.ordinary people. The fact that he is getting a rental on a house in
:06:58. > :07:02.London, which is par for the course, friendly, and that his family are
:07:03. > :07:07.only doing what many millions of families around the country do, and
:07:08. > :07:10.there is no suggestion that he has done anything illegal or is trying
:07:11. > :07:19.to fiddle his taxes in any way, but it is about the perception. In the
:07:20. > :07:22.same way as MPs' expenses, who had forgotten that he had paid off his
:07:23. > :07:27.mortgage, which most of us would celebrate was not quite. Some of
:07:28. > :07:38.those figures you were talking about, Nigel but
:07:39. > :07:50.inside the Mail On Sunday we get on to what some, it is -- what some
:07:51. > :07:58.commentators say it is about, which... Ian Birrell in the Mail On
:07:59. > :08:05.Sunday says it is all about Brexit. Perhaps it is. You now have a
:08:06. > :08:09.complete divide only middle in the Tory party between those who want to
:08:10. > :08:14.get Britain out of Europe and those who would have us stay in. Anything
:08:15. > :08:18.David Cameron does wrong then upsets the people who want to take Britain
:08:19. > :08:25.out of Europe, and they slam him for it. They did the same thing with the
:08:26. > :08:28.budget. They are not the normal suspects for disability campaigners,
:08:29. > :08:32.and yet they were furious over George Osborne taking money off the
:08:33. > :08:36.disabled. The same thing applies here - they're having a go at
:08:37. > :08:40.Cameron because of Brexit. And there is a danger at the moment to his
:08:41. > :08:44.leadership will stop some of them are talking about, we're not sure
:08:45. > :08:48.how long he can last. It is that kind of conversation that is
:08:49. > :08:52.happening in the Commons. Even in sections of the press that the
:08:53. > :08:55.Conservatives can normally rely on, Cameron cannot rely on them. It is
:08:56. > :09:04.interesting to see in the papers that we have so far that there is a
:09:05. > :09:09.unanimous if slightly not hugely obvious... They are not being
:09:10. > :09:13.sympathetic. I think this comment piece in the Mail On Sunday, he is
:09:14. > :09:28.saying, and we saw it with Blair and Brown as well, this is the end of an
:09:29. > :09:35.error mood. -- the end of an era. Let's pause for a moment. One of our
:09:36. > :09:42.producers is also, it would appear, a high finance expert, he said, the
:09:43. > :09:47.inheritance taxes paid by the not the individual.
:09:48. > :09:59.-- not the beneficiary. Let's look at the Telegraph. If how Downing
:10:00. > :10:03.Street, the Prime Minister, has handled the tax affair is and how to
:10:04. > :10:06.do, there is someone else who seems to have shown a masterclass in how
:10:07. > :10:08.to deal with a difficult subject. You hear is, the Archbishop of
:10:09. > :10:29.Canterbury. Who, it was revealed today, is the son of Sir Anthony
:10:30. > :10:37.Montague Browne, a civil servant and aide to Churchill. He has handled
:10:38. > :10:46.this with astonishing dignity, great aplomb, he said, I am not fazed, I
:10:47. > :10:54.know who I am through my faith. There has always been a slight
:10:55. > :10:58.question. And he is like, and? Next point. Absolutely. Justin Welby
:10:59. > :11:02.today has the respect and love of the British public because he came
:11:03. > :11:05.out immediately and said, yes, I was really surprised, but this is the
:11:06. > :11:10.case. The comparisons are remarkable. Justin Welby was worried
:11:11. > :11:14.about his mother, who is in her 80s, and the effect on her, in the same
:11:15. > :11:18.way that David Cameron was worried about the effect on his mother of
:11:19. > :11:22.what was going on. Elderly people commenting aims to me, are a lot
:11:23. > :11:27.more resilient than some of their offspring give them credit for.
:11:28. > :11:33.David Cameron has spoken to our paper tonight. Justin Welby's mother
:11:34. > :11:36.came out and went through the circumstances, seemingly quite
:11:37. > :11:41.happy. This was fantastic, get it out there and hold your head up
:11:42. > :11:48.high. It will be gone in no time, won't it was not staying with the
:11:49. > :11:51.Sunday Telegraph, spies to vet the Chilcott report. This report into
:11:52. > :11:59.the Iraq war that it feels we will never see. It's just... This is yet
:12:00. > :12:03.another delaying tactic, it seems. The Sunday Telegraph has discovered
:12:04. > :12:07.that a team of national security officials are going to go to the
:12:08. > :12:12.offices of the Chilcott enquiry and they are going to start the security
:12:13. > :12:19.vetting procedures. Which means that they can remove yet more sections
:12:20. > :12:24.from the final report. We believe that there are about 150 ministers,
:12:25. > :12:28.civil servants and military people who are named or criticised in the
:12:29. > :12:32.report. And if this team of national security experts can read act that,
:12:33. > :12:37.you do wonder what you're going to end up with apart from something
:12:38. > :12:45.that says the Chilcott Report and the Leicester that black lines. We
:12:46. > :12:48.still don't know. The latest is that it was meant to come out in the
:12:49. > :12:52.summer, but they said that last summer. At they start redacting any
:12:53. > :12:55.more, there would be anything left. This process was supposed to happen
:12:56. > :12:59.at the beginning when they said what evidence could be given. It is not
:13:00. > :13:05.for looking through now and taking bits out. Who gets the chance to
:13:06. > :13:10.say, no, that needs to stay back in? There is up process going on at the
:13:11. > :13:15.moment where they are asking the people who are named and criticised
:13:16. > :13:19.in the report so that they can have their tuppence worth and say that
:13:20. > :13:22.they don't like that bit. The intelligence agencies might get
:13:23. > :13:25.dizzy, we're giving away one of our secrets. That is a process that
:13:26. > :13:29.should have happened at the beginning. And they should have laid
:13:30. > :13:33.it out at the beginning the parameters. We will stay with the
:13:34. > :13:40.Sunday Telegraph. Host in a very tight spot in the studio. This is
:13:41. > :13:43.Stephen Nolan who is a very well-known colleague and well liked
:13:44. > :13:48.presenter. He got into a bit of bother in the studio. I think we
:13:49. > :13:56.have some video. Leaning on the back of the chair, and I was swinging
:13:57. > :14:04.around. What is wrong with this chair? It is stuck to the wall. This
:14:05. > :14:13.bloody thing. What is wrong with the? This chair is actually stuck to
:14:14. > :14:22.the door. He got wedged somehow. He was recording something on Facebook,
:14:23. > :14:28.so we have the evidence. We will be shutting the door here very
:14:29. > :14:36.carefully so that we can get out! We will wheel him down the ramp at
:14:37. > :14:37.speed. Oh dear! C? We're used to things going pear shaped. See you
:14:38. > :14:54.later. 11:30pm. Coming up later, stay with us. We
:14:55. > :14:58.will tell you more about those arrests in Brussels. The authorities
:14:59. > :15:03.say that Mohamed Abrini has admitted to being the so-called man in the
:15:04. > :15:06.hat. He was pictured on CCTV shortly before the attacks on the Belgian
:15:07. > :15:10.capital. Next, Reporters.