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Hello and welcome to our look ahead to what the the papers will be
With me are the financial commentator Louise Cooper
and the deputy editor at the Daily Express,
Tomorrow's front pages, starting with...
The Financial Times reports that the number of foreign EU
nationals working in the UK has reached record levels -
a statistic it says has been seized upon by those campaigning
And that story's also the lead in the Daily Mail.
The deal between the BMA and the government in the junior
doctors dispute makes the front page of the Metro.
The Telegraph leads with comments from the Bank of England's chief
economist, who says the pensions system is too complicated
The Guardian says a government-commissioned report
into antibiotic effectiveness will call on pharmaceutical
companies to fund the development of new drugs.
While the Mirror warns that the Zika virus could spread to places
in Europe popular with British holiday-makers.
And the Queen's Speech makes the front page of the Times,
with the Government's pledge to give everyone the right
Every flavour of some of the front pages. Let's look at those and some
of the others. Michael, tell us about the deal for junior doctors.
There should be about coming up. The good news breaking earlier on, we
hope it is good news, the bitter row between the government and junior
doctors. The BMA playing hardball with the government, backing down.
Copper mines on both sides. Jeremy Hunt, the Health Secretary, saying
this is a win for everybody. The BMA excepting that doctors will get the
same rates for everyday, including weekends. It had been a thorny
issue. Over seven weekends, they would get a premium. There has been
backing down. The government originally offering 13%
across-the-board, now 10%. Whether the doctors will actually agree to
this, I don't know. Because it has dragged on so long, the BMA started
to realise they were losing the goodwill of the public if they kept
on with this stance. Wait and see. 40,000 members voting, interesting
to see what occurs. You raise the question about where they will vote.
That is where the Guardian takes it? Whether junior doctors will back it.
There is a backlash from junior doctors are unhappy about the terms
agreed by the union. The vote is not until June. We have to wait over a
month until it. Possibly a little too early to celebrate, if the
junior doctors do not back the union. In terms of the deal, you can
get 10% increase in pay if you work one in two weekends. Interesting to
see family people get extra pay working weekends. In terms of
unsocial hours, 37% increase in the basic pay. We have just had average
earning figures, rising something like two percent. Doing five times
better than the average of the UK. What is interesting about this, you
mentioned the doctors not liking it, reading further down, a quote from
one junior doctor, it is a question, who the ones that don't like blame.
One saying it is the BMA's term for propaganda, selling us this is a
good deal, when it is the organisation negotiating. It is the
same amount of doctors doing more work five, to seven days. They often
said it was not about money, it was about safety concerns. Also saying
it is going to devalue the worklife balance. People value junior
doctors, but interesting to see what the public reaction is to the vote
if they decide not to accept it. The public reaction to pull the people
not getting ten, or 11% pay rises this year, and have not had one for
many years. Let's coach of the other story in the Guardian. Radical plan,
says the Guardian, to halt the scourge of drug resistance will stop
about antibiotic controls. This is Jim O'Neill, X Goldman Sachs
economist, multimillionaire, make the George Osborne. -- mates with
George Osborne. Always appears by his side in pictures. He was given
his ministerial position to look at and Faye ticks. He has come out with
proposals, that the drugs industry needs to pay or play. Either you
invest in new antibiotics, or we force you to pay. All very good, we
are only one country, this is a worldwide problem. One of the
problem is, for instant stability laces resistance, the complicated
mix of antibiotics has not been given around the world. This is a
global club. You are looking at an organisation like the world health
organisation. To steer something? He needs to get them on board. The
other thing he has said is to ban doctors prescribing and 56 until
carrying out tests. The last time I went to the GP to ten days to get my
first results back. He comes from Goldman Sachs, click your fingers,
the world changes. Interesting to see how doctors react. They had to
make these key diagnosis decisions very quickly. He says he finds it
incredible people make diagnosis on immediate symptoms. Sometimes you
have to, or people die. The association of the British
pharmaceutical industry have reacted, they recognise the need for
a collaboratively sponsored. That means let someone else do it. The
argument is, there has to be some sort of financial incentive for
companies to look into things they otherwise might not do. The cost of
developing drugs is absolutely massive. Takes over a decade.
Clearly cheaper and easier to do generic drugs. Good luck on that
one. You would think the incentive would be to sell a lot more? Being a
drugs company. Is that not incentive enough? Pay a fee quick, develop
them, cure or the things you want to kill, sell a lot of drugs? The
Telegraph. You would think Goldman Sachs would understand capitalism?
Will you kick ass off. The bank Chivu cannot make sense of pensions.
They are leading with this. Andy Hell Dane is the Bank of England's
chief economist. He is a lively wondered how you are going to put
that. Lively is good. He came back negative interest rates, proposing
the idea of getting rid of cash. He thinks outside the box. He sounds
really annoying. If you are on a final salary scheme, you are
absolutely fine. You people are. As in my parents' generation, they are
things of the past. They have died, pretty much extinct. The problem is
we have to look after our own retirement. The pensions industry
makes a lot of money out of confusing us. My personal
experience, working in the financial service industry, for a long time,
they deliberately make it complex, so consumers do not understand it.
They can make extraordinary amounts of money. Capitalism? Depressingly.
One of the big things is fees. 30, 40 year basis, how long people save
for a pension. If you are charged, 1.5%, it is possible they pensions
company can take three quarters of the upside. Most people do not
understand that. The pensions industry is very, very reluctant to
tell us about fees. He says himself, the advisers do not have a clue what
they are advising people. Advisers say they do not have a clue, not a
basis for sound financial planning. This comes on the back of a 600 page
report. That was not light reading. He talks about how people are
falling out of love with the financial sector. You cannot go to
the bank. People say you cannot see your bank manager, you cannot see
your cashier anymore. People are losing trust even more with the
financial industry. The more they shut banks on Street, evil are
losing trust. Michael, let me take you to your paper. Migrant worker
numbers surging, implement surging faster than the British workers.
Keeping wages low. It has been left on by Brexit supporters. -- let on.
Lunch and 29,000 foreigners, 224,000 EU migrants finding work in Britain.
At the same time, the UK workers rising just 180,000. Iain Duncan
Smith pointing out of these sorts of jobs, low-wage, low skilled,
attractive to migrants will stop that keeps low wages down. They love
the companies are taking advantage of it, then. A record high. -- we
have 75% employment, a record high. If we get out of the EU, we can stop
these migrants coming in, wages would give up. These are due to
fiscal studies save this data should not be used, they caution data. The
first time the delegates press have the same headline as the Financial
Times. Does not happen often. We're just as clever. The Financial Times
looks at the data in different ways, the Daily Express saying
essentially, more than half of the new jobs going to VE and migrants,
the Financial Times looks at the percentage of the working population
that comes from you. Quite startling. A decade ago with 2.6% of
workers came from the EU, three years ago that was 4.8%. Now 6.8%.
Extraordinary growth. The point about the ONS data, many say that
data underestimates the scale of the workers coming into the UK. Does not
sign up with National Insurance statistics. One more, with the
Financial Times. The U2 frets -- PE threatening to force Netflix and
Amazon to 20% European concept. You wonder what going to watch. The car
chases, things blowing up in America, what people want to see. --
content. The BBC does lots of educational things. Netflix, Amazon,
you can relax away from that. PE you, if you have not made your mind
up, they want 20% of the capital to have European films and
documentaries. Do we want to see that, or something blowing up in LA?
Answer that briefly. French radio stations had to do the same.
Complaints in the French media the same old, tired and cliched French
pop songs throw in on-air to make the craters. The French are very
upset about this. Johnny Halliday. On that note of European harmony, I
have to bring things of the close. That is it tonight. All of the front
pages online on the BBC News website, you can read in detail the
review of the papers for you seven days a week. You can see us there.
Should be posted on the face shortly after we have done our job. Thank
you, viz and Michael. -- Louise and Michael.
Quite a soggy day for some of us today. Quite a few downpours, some