09/04/2016 The Papers


09/04/2016

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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Transcript


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

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With me are Nigel Nelson, political editor of the Sunday People,

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and the political commentator Jo Phillips.

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There is a lot of politics to commentate on. They happen decent

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and have brought -- they have been decent and have brought their tax

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returns! The Sunday Telegraph leads

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with details of the Prime Minister's financial affairs after

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David Cameron took the unprecedented step of publishing details

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of his tax returns. The Sunday Times also has that

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story, including a claim that the PM could avoid -- could have avoided

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paying inheritance tax on a gift from his mother. The Mail On Sunday

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says this is a historic moment for David Cameron. The financial

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disclosures also make the front of the Observer, which it concedes is

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unprecedented by a sitting Prime Minister. The express also pours

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over the details, but it also wants to know how rich Samantha Cameron

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is. It is everywhere, then, isn't it? Let's start with the Observer on

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how it reports the story. Cameron discloses his tax affairs in bed to

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defuse Panama crisis. It is an unprecedented release of personal

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tax details, but we have had a week where the statements have been

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partial disclosure after partial closure. It is like the Archers,

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isn't it? He is the first Prime Minister in history, and I believe

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the first leader of a political party, to publishers tax return.

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He's going to establish a task force led by HM RC to look at the legality

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of the financial affairs of the Company is named in the Panama

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papers. There will, I'm sure, be pressure on all politicians and

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people seeking public office to publish their affairs as well

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thought out if there were anything untoward, he wouldn't publish the

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details, would he? I have poured over them all afternoon. The kind of

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thing you see is what he pays tax on. For the first time, we now know

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that he gets his share of the house that he rents out, the family home.

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He shares that with Samantha, they take off each. He gets about ?46,000

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a year in rent and pays tax on that. On his overall income, he pays a

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total of about ?76,000 for last year. Although those things are not

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a surprise in the sense that we knew his salary beforehand, at least the

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public get a chance to look at that what really, it's what he should

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have done on Monday, if he'd been sensible about it. He would have

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said, OK, if there is any question, let me show you what I do. And he

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did say four years ago that he would publish his tax will stop four years

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to the day. If he had done it four years ago... Will it defuse the

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Panama crisis? It is much bigger than just him, isn't it? I don't

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think it will defuse the crisis. As we'll see from looking at the

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papers, this is a story about David Cameron and his leadership. While it

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is interesting and gives us something to talk about, I think it

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detracts from the much bigger issue, which is what the Panama papers have

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revealed, which is companies and organisations and crocs and tyrants

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hiding their money in a way that is much more damaging. I think the

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damaging bit... All that is true, by the way. But the actual damaging bit

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is to do with offshore accounts at all. It is not that there are

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necessarily as anything dodgy about it, but what we're dealing with here

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is that these are places where people hide money and hide the

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ownership of that money. Hiding anything creates suspicion. The

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moment you are linked to one of these places, doesn't mean you have

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done anything wrong at all, but the question is, why? Why do you want to

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go? The thing that some people regard as a model is the fact that

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in certain places no tax is paid by these companies that hold the money.

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That's right. The tax is only paid when the money comes back on shore.

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It is the issue about hiding. You can understand why, if you have a

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load of money in a country where you are likely to have it taken away by

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her dodgy Government, you would want to get it out of that country. Why

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do people in Britain need to do the same think was back let's look at

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the Mail On Sunday. -- why do people in Britain need to do the same?

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Let's look at the Mail On Sunday. He was below the in camera to and

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stacks threshold, so keep -- he was below the inheritance tax threshold.

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Had it been a lump sum from his father, clearly, he would have paid

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somewhere between ?70,000 and ?80,000 on that. He didn't, he

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actually invested in land. The question is, was he trying to avoid

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anything? If she lives for other two years, he won't pay any money at all

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and it will be a gift. The Mail On Sunday is getting ahead of itself,

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it is saying that he has avoided this, but it depends on his mother

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living another two years. The Sunday Telegraph explained that more

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clearly. Those arrangements are open to everybody. Absolutely. I dare say

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you could look at the personal finance columns in any of the Sunday

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papers and they would be advising people how to do that. It is quite a

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common thing that people want to give money to their children, and it

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is absolutely the parent or the person giving the money who has got

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to live for seven years in order for you to avoid paying inheritance tax.

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It is pretty standard procedure, it's not illegal. But it is the sums

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of money involved, which to a lot of people will look like a lottery win.

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I think that is the problem, Martine, as things in politics often

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are, it is about perception. And the perception is, here he is, this Tory

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toff with loads and loads of money, beyond the dreams of a lot of

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ordinary people. The fact that he is getting a rental on a house in

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London, which is par for the course, friendly, and that his family are

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only doing what many millions of families around the country do, and

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there is no suggestion that he has done anything illegal or is trying

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to fiddle his taxes in any way, but it is about the perception. In the

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same way as MPs' expenses, who had forgotten that he had paid off his

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mortgage, which most of us would celebrate was not quite. Some of

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those figures you were talking about, Nigel but

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inside the Mail On Sunday we get on to what some, it is -- what some

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commentators say it is about, which... Ian Birrell in the Mail On

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Sunday says it is all about Brexit. Perhaps it is. You now have a

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complete divide only middle in the Tory party between those who want to

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get Britain out of Europe and those who would have us stay in. Anything

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David Cameron does wrong then upsets the people who want to take Britain

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out of Europe, and they slam him for it. They did the same thing with the

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budget. They are not the normal suspects for disability campaigners,

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and yet they were furious over George Osborne taking money off the

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disabled. The same thing applies here - they're having a go at

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Cameron because of Brexit. And there is a danger at the moment to his

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leadership will stop some of them are talking about, we're not sure

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how long he can last. It is that kind of conversation that is

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happening in the Commons. Even in sections of the press that the

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Conservatives can normally rely on, Cameron cannot rely on them. It is

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interesting to see in the papers that we have so far that there is a

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unanimous if slightly not hugely obvious... They are not being

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sympathetic. I think this comment piece in the Mail On Sunday, he is

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saying, and we saw it with Blair and Brown as well, this is the end of an

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error mood. -- the end of an era. Let's pause for a moment. One of our

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producers is also, it would appear, a high finance expert, he said, the

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inheritance taxes paid by the not the individual.

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-- not the beneficiary. Let's look at the Telegraph. If how Downing

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Street, the Prime Minister, has handled the tax affair is and how to

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do, there is someone else who seems to have shown a masterclass in how

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to deal with a difficult subject. You hear is, the Archbishop of

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Canterbury. Who, it was revealed today, is the son of Sir Anthony

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Montague Browne, a civil servant and aide to Churchill. He has handled

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this with astonishing dignity, great aplomb, he said, I am not fazed, I

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know who I am through my faith. There has always been a slight

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question. And he is like, and? Next point. Absolutely. Justin Welby

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today has the respect and love of the British public because he came

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out immediately and said, yes, I was really surprised, but this is the

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case. The comparisons are remarkable. Justin Welby was worried

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about his mother, who is in her 80s, and the effect on her, in the same

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way that David Cameron was worried about the effect on his mother of

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what was going on. Elderly people commenting aims to me, are a lot

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more resilient than some of their offspring give them credit for.

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David Cameron has spoken to our paper tonight. Justin Welby's mother

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came out and went through the circumstances, seemingly quite

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happy. This was fantastic, get it out there and hold your head up

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high. It will be gone in no time, won't it was not staying with the

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Sunday Telegraph, spies to vet the Chilcott report. This report into

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the Iraq war that it feels we will never see. It's just... This is yet

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another delaying tactic, it seems. The Sunday Telegraph has discovered

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that a team of national security officials are going to go to the

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offices of the Chilcott enquiry and they are going to start the security

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vetting procedures. Which means that they can remove yet more sections

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from the final report. We believe that there are about 150 ministers,

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civil servants and military people who are named or criticised in the

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report. And if this team of national security experts can read act that,

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you do wonder what you're going to end up with apart from something

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that says the Chilcott Report and the Leicester that black lines. We

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still don't know. The latest is that it was meant to come out in the

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summer, but they said that last summer. At they start redacting any

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more, there would be anything left. This process was supposed to happen

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at the beginning when they said what evidence could be given. It is not

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for looking through now and taking bits out. Who gets the chance to

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say, no, that needs to stay back in? There is up process going on at the

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moment where they are asking the people who are named and criticised

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in the report so that they can have their tuppence worth and say that

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they don't like that bit. The intelligence agencies might get

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dizzy, we're giving away one of our secrets. That is a process that

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should have happened at the beginning. And they should have laid

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it out at the beginning the parameters. We will stay with the

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Sunday Telegraph. Host in a very tight spot in the studio. This is

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Stephen Nolan who is a very well-known colleague and well liked

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presenter. He got into a bit of bother in the studio. I think we

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have some video. Leaning on the back of the chair, and I was swinging

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around. What is wrong with this chair? It is stuck to the wall. This

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bloody thing. What is wrong with the? This chair is actually stuck to

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the door. He got wedged somehow. He was recording something on Facebook,

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so we have the evidence. We will be shutting the door here very

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carefully so that we can get out! We will wheel him down the ramp at

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speed. Oh dear! C? We're used to things going pear shaped. See you

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later. 11:30pm. Coming up later, stay with us. We

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will tell you more about those arrests in Brussels. The authorities

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say that Mohamed Abrini has admitted to being the so-called man in the

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hat. He was pictured on CCTV shortly before the attacks on the Belgian

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capital. Next, Reporters.

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