24/05/2016 The Papers


24/05/2016

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

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With me are Paul Johnson, the deputy editor of the Guardian,

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and Tim Collins, a former Conservative MP and

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managing director of Bell Pottinger Public Affairs.

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Let's look at some of the front pages.

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The FT leads on what it calls a European crackdown on tax paid

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It says Google's Paris office was raided by the French authorities.

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The Telegraph says Britain is spending almost twice

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as much of its national wealth on foreign aid,

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It also has a picture of the Duchess of Cambridge,

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who's thanked midwives for delivering her children Prince

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- saying attempts to woo young voters backfired for both sides

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The Times leads on an investigation that up to 150,000 pre-school

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children have been reported to social services, over fears

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The paper says a series of abuse cases has led to a "climate of fear"

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for those who refer their concerns to the authorities.

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And the Guardian has a special report on Britain's tallest

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residential skyscraper, The Tower, in London.

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It says almost two-thirds of it's apartments are foreign owned,

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We will get onto that story in a few minutes. But first, Tim, foreign top

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spending. Is that because Britain are spending too much or other

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countries are not spending enough? There is a lot to be proud of in

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terms of what they do further children educated and the diseases

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tackled and refugees helped but I think quite a lot of people in the

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Conservative Party and this is picked up in the Daily Telegraph

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story are asking the question, given the sheer scale of our deficit, that

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made were borrowing and that meant we will expect our children and

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grandchildren to pay, is every penny of the overseas aid budget

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justified? As a proportion of our national wealth it is pretty much

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twice as much as Germany and France, three times as much as Japan, the

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USA and Italy. That might be fine when we were right at the crust of

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the boom, lots of money to spend on public services at home. Is it

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sensible for us to be giving money to India who today launched the

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space programme? It is a Conservative Government who thinks

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it is a good idea. And one that has the law making it a legal

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requirement, but I think you may have noticed, Clive, Tories are

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disagreeing with each other at the moment. On a whole host of things!

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Paul, what is your reading of the story? We know it is 0.7% of GDP and

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Tim is right in a sense, in that if you see the people, should we be

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giving money abroad like this, a lot of people would question it. If you

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see, however, this money enabled 9 million children to get into school,

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saved 250,000 lives of unborn babies, helped combat Ebola, gave

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drastically needed medical supplies for Gaza etc, then they start to

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say, yes, it is quite a good idea, quite a popular thing. There is

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another reason slightly hidden and one comparative is daft in this

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case. We get almost ?1 billion to Syrian refugees. We do not take them

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in the numbers that the Germans, for instance, do, so we spend that money

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in Jordan on humanitarian aid rather than taking large numbers of

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refugees. It comes out of this part. It depends how you ask the question

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then, really, doesn't it? Are we sending too much money on foreign

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aid? Actually the response depends on the phrase ology of the question.

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And I think it also depends... I think you will find great public

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support for spending money on that sort of things Paul is talking about

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in some of the poorest countries in the world. Whether we need to be

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giving that money to growing countries their own space

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programmes, less easy to justify. Their argument is, yes, you will

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have some film stars in Mumbai or whatever are doing well but actually

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still have hundreds of millions of people -- millions of people,

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certainly in China, who are still living below the poverty line. Yes,

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but if we are cutting back our public services at home to cut our

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overseas aid, it is perhaps reasonable for us to see perhaps

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they could delay their space programme to educate their own

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children. Are to the Financial Times. The raid on company mac's

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Paris office, Paul? The French raising this text -- raising the

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stakes when it comes to these taxes -- on Google's Paris office. Yes,

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contrast with Britain, where Google paid a minuscule tax bill. You could

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probably pay that minuscule tax bill, Clive, but what you would have

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to do is pass your paycheque... I work for the BBC, all right! Pass

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your paycheque to Dublin, then to the Netherlands, back to Dublin

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again and it will end up in Bermuda. If you can get an arrangement like

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that which is a bit tricky, you tax take goes right down. Exactly. The

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French have decided they will play hardball and it was part of

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Hollande's commitment in the election, that he would get tough on

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companies not paying their taxes. As you said, Tim, the contrast with

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Britain is very clear. I think most people rather admire the French with

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this. And the figures... They do raise a bit of a mystery, Clive,

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because apparently the French will go after Google for $1.6 billion, or

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Euros, in back taxes. That slightly raises the question. How can Google,

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and indeed Apple, how can they possibly sell anything in Europe

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when the United States is not in the European Union? Apparently we are

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told you cannot sell anything to the EU unless a member... I was hoping I

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would not have to talk about that! Twisting it into Brexit. But it is

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an important question. Maybe you can trade with Europe without being in

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the EU. But there is a serious point here about the contrast in the way

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the authorities here have treated the tech companies and the

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authorities in France. And the authorities in Ireland, that is the

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interesting thing. What company mac and Apple are trying to do is say

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that our European HQ 's are in Ireland and all other European

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revenues somehow get shuffled through Ireland and they have much

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lower rates of tax than any rust -- Sierra Leone and Apple. -- Google

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and Apple. Samak lets not cast a stone across the Irish Sea. George

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Osborne described this as a major success. Google are going to pay all

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that money in taxes. Most people did not think it was major success. But,

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Paul, I thought we believed everything the Chancellor said at

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the moment in the Guardian? George gets his numbers wrong? Really?

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Gentlemen, please. I left my gavel in the other room but I will bring

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the next time. OK, let's go to the Guardian, Paul. This really I

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suppose goes to the heart of -- heart of Britain's housing crisis at

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least in certain parts of the South East, of course London. Foreign

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investors using the London housing market as basically a safe haven for

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their investments? We looked at London's tallest tower block, call

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the tower,, down in the Battersea area, and it is the lack has 2014

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flats in it and nobody is registered to vote there. Two thirds of them

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are foreign-owned, at least one quarter are secretly owned offshore

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in tax havens. This is quite a remarkable... It is an eerily empty

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place day in, day out. People say they go down to the swimming pool or

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gym and nobody is there. In the concierge offers at the basement,

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there are three clocks on the wall and they shall the times in Moscow,

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Abu Dhabi and Hong Kong. It is sucking the life out of the area

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around it. And is this indicative of what is going on in other

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developments across London, across the UK? Or is it only London? Sinai

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we think so. There is massive in red investment, people buying flats --

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yes, we think so. It is exacerbating the housing crisis in the sense that

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London, in actual fact, went back last year. 9% fewer houses built

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than in the year before. This is causing an enormous squeeze and is

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also having social consequences as well. Mean well, Tim, if you're are

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firemen, policemen, teacher, you cannot afford to live in central

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London? I think there is a real challenge and local authorities both

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Tory and Labour are coming up with -- trying to come up with ways of

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tackling it but of course what you do not want to do is kill the golden

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goose. Developers are required, with put a building like this up, they

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have to put up tens even hundreds of millions of pounds sides of the

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local authorities can build affordable housing. The new mayor of

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London, Siddique Khan, has a target for homes to be built in the capital

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and he wants all of those to be paid for by developers. Developers will

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have to build skyscrapers to do that, but I think there are real

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questions about whether it can be appropriate for all of them -- Sadiq

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Khan. I agree with Paul, this is a good piece. For all the residents to

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be people who do not seem to spend much at any time in the UK. I think

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that is a challenge even for people like me in favour of inward

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investment. The emphasis does need to be... Ameen, it will be

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interesting to see what Sadiq Khan does, but let's build homes for

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people who live and work in London rather than for ghosts -- I mean, it

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will be interesting. The subject of the day now.

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The sujet du jour. LAUGHTER

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. Blitz-mac migrants picked up in Europe. The crisis is dwindling. --

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this is the kind of thing via Brexit ears are going to have to focus on

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if they are going to convince the British people that out is the way

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forward, because immigration, migration, it resonate with people

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-- set-mac. Yes, for the Remained tied it is the economy and for the

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leave side it is the immigration -- for the Remain side it is the

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economy and for the Leave side it is immigration. Further down the court

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Iain Duncan Smith at this point to the bigger problem. A couple of

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months ago he was serving very happily, it seemed at the time in

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David Cameron's Cabinet -- they quote. He is quoted as saying, the

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refusal to engage in a fair contest is the definition of cowardice. That

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is quite strong language. The issues being raised in this referendum I

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think will not be resolved on May the -- to the 23rd and patching the

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Tory party together will not be easy. At all? Yes, Tim is very

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shaken by that Telegraph Pauls poll which assures it is almost game

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over... I am delighted by the Times poll tonight which shows a swing to

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the back. There are a number of Q, and, sure, but the leadership

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of the Tory party are assembled in a firing squad, in a way, and as much

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as I would like to see David Cameron debating Boris Johnson, Boris

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Johnson, the man who accused the prim minister of "Demented

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scaremongering", that would be quite lively but I do not think they will

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do it. Blue on blue, we would call it, good for the entertainment, but

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I think it shows the desperation of the situation they are in, to be

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honest. The Metro. Who EU Kiddin? It has backfired somewhat? Yes,

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firstly, the Remain camp came out with a totally patronising video

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today which is on you tube and other places, speaking about raving,

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working, earning, and I think the best response was from someone, I

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suspect a young person, who tweeted back and said, shockingly, young

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people do sometimes used the letter g.

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LAUGHTER I see that the pro-Brexiteers have

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this group set up and when they found out what it was for and

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because they hotfooted it pretty quickly. I think we will be left

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with Michael Gove and Boris Johnson onstage saying that -- singing that

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old Animals hit, you know, we've got to get out of this place. Thank you

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for joining us for a look at some of tomorrow morning's front pages. Much

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more coming up. Thank you for watching The Papers. Good

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Night. Good evening. A nice day for most of us. A bit of a breeze

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perhaps but I hope you made the most of it. Some sunshine and a cool

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breeze of the North Sea. Across the other side

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