18/05/2016

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:00:16. > :00:19.Hello and welcome to our look ahead to what the the papers will be

:00:20. > :00:22.With me are the financial commentator Louise Cooper

:00:23. > :00:24.and the deputy editor at the Daily Express,

:00:25. > :00:32.Tomorrow's front pages, starting with...

:00:33. > :00:34.The Financial Times reports that the number of foreign EU

:00:35. > :00:36.nationals working in the UK has reached record levels -

:00:37. > :00:39.a statistic it says has been seized upon by those campaigning

:00:40. > :00:47.And that story's also the lead in the Daily Mail.

:00:48. > :00:49.The deal between the BMA and the government in the junior

:00:50. > :00:53.doctors dispute makes the front page of the Metro.

:00:54. > :00:55.The Telegraph leads with comments from the Bank of England's chief

:00:56. > :00:57.economist, who says the pensions system is too complicated

:00:58. > :01:01.The Guardian says a government-commissioned report

:01:02. > :01:04.into antibiotic effectiveness will call on pharmaceutical

:01:05. > :01:08.companies to fund the development of new drugs.

:01:09. > :01:11.While the Mirror warns that the Zika virus could spread to places

:01:12. > :01:13.in Europe popular with British holiday-makers.

:01:14. > :01:15.And the Queen's Speech makes the front page of the Times,

:01:16. > :01:18.with the Government's pledge to give everyone the right

:01:19. > :01:36.Every flavour of some of the front pages. Let's look at those and some

:01:37. > :01:43.of the others. Michael, tell us about the deal for junior doctors.

:01:44. > :01:48.There should be about coming up. The good news breaking earlier on, we

:01:49. > :01:52.hope it is good news, the bitter row between the government and junior

:01:53. > :01:58.doctors. The BMA playing hardball with the government, backing down.

:01:59. > :02:05.Copper mines on both sides. Jeremy Hunt, the Health Secretary, saying

:02:06. > :02:08.this is a win for everybody. The BMA excepting that doctors will get the

:02:09. > :02:16.same rates for everyday, including weekends. It had been a thorny

:02:17. > :02:21.issue. Over seven weekends, they would get a premium. There has been

:02:22. > :02:29.backing down. The government originally offering 13%

:02:30. > :02:33.across-the-board, now 10%. Whether the doctors will actually agree to

:02:34. > :02:37.this, I don't know. Because it has dragged on so long, the BMA started

:02:38. > :02:45.to realise they were losing the goodwill of the public if they kept

:02:46. > :02:51.on with this stance. Wait and see. 40,000 members voting, interesting

:02:52. > :02:58.to see what occurs. You raise the question about where they will vote.

:02:59. > :03:05.That is where the Guardian takes it? Whether junior doctors will back it.

:03:06. > :03:09.There is a backlash from junior doctors are unhappy about the terms

:03:10. > :03:15.agreed by the union. The vote is not until June. We have to wait over a

:03:16. > :03:19.month until it. Possibly a little too early to celebrate, if the

:03:20. > :03:29.junior doctors do not back the union. In terms of the deal, you can

:03:30. > :03:35.get 10% increase in pay if you work one in two weekends. Interesting to

:03:36. > :03:41.see family people get extra pay working weekends. In terms of

:03:42. > :03:52.unsocial hours, 37% increase in the basic pay. We have just had average

:03:53. > :03:57.earning figures, rising something like two percent. Doing five times

:03:58. > :04:04.better than the average of the UK. What is interesting about this, you

:04:05. > :04:08.mentioned the doctors not liking it, reading further down, a quote from

:04:09. > :04:15.one junior doctor, it is a question, who the ones that don't like blame.

:04:16. > :04:24.One saying it is the BMA's term for propaganda, selling us this is a

:04:25. > :04:32.good deal, when it is the organisation negotiating. It is the

:04:33. > :04:39.same amount of doctors doing more work five, to seven days. They often

:04:40. > :04:44.said it was not about money, it was about safety concerns. Also saying

:04:45. > :04:49.it is going to devalue the worklife balance. People value junior

:04:50. > :04:55.doctors, but interesting to see what the public reaction is to the vote

:04:56. > :05:01.if they decide not to accept it. The public reaction to pull the people

:05:02. > :05:05.not getting ten, or 11% pay rises this year, and have not had one for

:05:06. > :05:13.many years. Let's coach of the other story in the Guardian. Radical plan,

:05:14. > :05:18.says the Guardian, to halt the scourge of drug resistance will stop

:05:19. > :05:24.about antibiotic controls. This is Jim O'Neill, X Goldman Sachs

:05:25. > :05:33.economist, multimillionaire, make the George Osborne. -- mates with

:05:34. > :05:38.George Osborne. Always appears by his side in pictures. He was given

:05:39. > :05:44.his ministerial position to look at and Faye ticks. He has come out with

:05:45. > :05:50.proposals, that the drugs industry needs to pay or play. Either you

:05:51. > :05:55.invest in new antibiotics, or we force you to pay. All very good, we

:05:56. > :06:00.are only one country, this is a worldwide problem. One of the

:06:01. > :06:06.problem is, for instant stability laces resistance, the complicated

:06:07. > :06:11.mix of antibiotics has not been given around the world. This is a

:06:12. > :06:16.global club. You are looking at an organisation like the world health

:06:17. > :06:23.organisation. To steer something? He needs to get them on board. The

:06:24. > :06:28.other thing he has said is to ban doctors prescribing and 56 until

:06:29. > :06:33.carrying out tests. The last time I went to the GP to ten days to get my

:06:34. > :06:39.first results back. He comes from Goldman Sachs, click your fingers,

:06:40. > :06:46.the world changes. Interesting to see how doctors react. They had to

:06:47. > :06:57.make these key diagnosis decisions very quickly. He says he finds it

:06:58. > :07:01.incredible people make diagnosis on immediate symptoms. Sometimes you

:07:02. > :07:07.have to, or people die. The association of the British

:07:08. > :07:10.pharmaceutical industry have reacted, they recognise the need for

:07:11. > :07:16.a collaboratively sponsored. That means let someone else do it. The

:07:17. > :07:19.argument is, there has to be some sort of financial incentive for

:07:20. > :07:24.companies to look into things they otherwise might not do. The cost of

:07:25. > :07:29.developing drugs is absolutely massive. Takes over a decade.

:07:30. > :07:36.Clearly cheaper and easier to do generic drugs. Good luck on that

:07:37. > :07:41.one. You would think the incentive would be to sell a lot more? Being a

:07:42. > :07:47.drugs company. Is that not incentive enough? Pay a fee quick, develop

:07:48. > :07:57.them, cure or the things you want to kill, sell a lot of drugs? The

:07:58. > :08:05.Telegraph. You would think Goldman Sachs would understand capitalism?

:08:06. > :08:11.Will you kick ass off. The bank Chivu cannot make sense of pensions.

:08:12. > :08:22.They are leading with this. Andy Hell Dane is the Bank of England's

:08:23. > :08:28.chief economist. He is a lively wondered how you are going to put

:08:29. > :08:33.that. Lively is good. He came back negative interest rates, proposing

:08:34. > :08:43.the idea of getting rid of cash. He thinks outside the box. He sounds

:08:44. > :08:49.really annoying. If you are on a final salary scheme, you are

:08:50. > :08:56.absolutely fine. You people are. As in my parents' generation, they are

:08:57. > :09:00.things of the past. They have died, pretty much extinct. The problem is

:09:01. > :09:05.we have to look after our own retirement. The pensions industry

:09:06. > :09:11.makes a lot of money out of confusing us. My personal

:09:12. > :09:16.experience, working in the financial service industry, for a long time,

:09:17. > :09:20.they deliberately make it complex, so consumers do not understand it.

:09:21. > :09:30.They can make extraordinary amounts of money. Capitalism? Depressingly.

:09:31. > :09:37.One of the big things is fees. 30, 40 year basis, how long people save

:09:38. > :09:44.for a pension. If you are charged, 1.5%, it is possible they pensions

:09:45. > :09:49.company can take three quarters of the upside. Most people do not

:09:50. > :09:56.understand that. The pensions industry is very, very reluctant to

:09:57. > :10:02.tell us about fees. He says himself, the advisers do not have a clue what

:10:03. > :10:09.they are advising people. Advisers say they do not have a clue, not a

:10:10. > :10:18.basis for sound financial planning. This comes on the back of a 600 page

:10:19. > :10:20.report. That was not light reading. He talks about how people are

:10:21. > :10:27.falling out of love with the financial sector. You cannot go to

:10:28. > :10:30.the bank. People say you cannot see your bank manager, you cannot see

:10:31. > :10:37.your cashier anymore. People are losing trust even more with the

:10:38. > :10:42.financial industry. The more they shut banks on Street, evil are

:10:43. > :10:50.losing trust. Michael, let me take you to your paper. Migrant worker

:10:51. > :10:55.numbers surging, implement surging faster than the British workers.

:10:56. > :11:06.Keeping wages low. It has been left on by Brexit supporters. -- let on.

:11:07. > :11:17.Lunch and 29,000 foreigners, 224,000 EU migrants finding work in Britain.

:11:18. > :11:23.At the same time, the UK workers rising just 180,000. Iain Duncan

:11:24. > :11:28.Smith pointing out of these sorts of jobs, low-wage, low skilled,

:11:29. > :11:32.attractive to migrants will stop that keeps low wages down. They love

:11:33. > :11:50.the companies are taking advantage of it, then. A record high. -- we

:11:51. > :11:55.have 75% employment, a record high. If we get out of the EU, we can stop

:11:56. > :12:07.these migrants coming in, wages would give up. These are due to

:12:08. > :12:11.fiscal studies save this data should not be used, they caution data. The

:12:12. > :12:17.first time the delegates press have the same headline as the Financial

:12:18. > :12:26.Times. Does not happen often. We're just as clever. The Financial Times

:12:27. > :12:29.looks at the data in different ways, the Daily Express saying

:12:30. > :12:36.essentially, more than half of the new jobs going to VE and migrants,

:12:37. > :12:39.the Financial Times looks at the percentage of the working population

:12:40. > :12:48.that comes from you. Quite startling. A decade ago with 2.6% of

:12:49. > :12:55.workers came from the EU, three years ago that was 4.8%. Now 6.8%.

:12:56. > :13:04.Extraordinary growth. The point about the ONS data, many say that

:13:05. > :13:08.data underestimates the scale of the workers coming into the UK. Does not

:13:09. > :13:20.sign up with National Insurance statistics. One more, with the

:13:21. > :13:28.Financial Times. The U2 frets -- PE threatening to force Netflix and

:13:29. > :13:34.Amazon to 20% European concept. You wonder what going to watch. The car

:13:35. > :13:40.chases, things blowing up in America, what people want to see. --

:13:41. > :13:48.content. The BBC does lots of educational things. Netflix, Amazon,

:13:49. > :13:54.you can relax away from that. PE you, if you have not made your mind

:13:55. > :13:57.up, they want 20% of the capital to have European films and

:13:58. > :14:04.documentaries. Do we want to see that, or something blowing up in LA?

:14:05. > :14:08.Answer that briefly. French radio stations had to do the same.

:14:09. > :14:14.Complaints in the French media the same old, tired and cliched French

:14:15. > :14:21.pop songs throw in on-air to make the craters. The French are very

:14:22. > :14:25.upset about this. Johnny Halliday. On that note of European harmony, I

:14:26. > :14:32.have to bring things of the close. That is it tonight. All of the front

:14:33. > :14:36.pages online on the BBC News website, you can read in detail the

:14:37. > :14:47.review of the papers for you seven days a week. You can see us there.

:14:48. > :14:58.Should be posted on the face shortly after we have done our job. Thank

:14:59. > :15:05.you, viz and Michael. -- Louise and Michael.

:15:06. > :15:08.Quite a soggy day for some of us today. Quite a few downpours, some

:15:09. > :15:09.hail and