26/05/2016 The Papers


26/05/2016

No need to wait 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 the papers will be

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With me are the Economics Commentator for the Daily Telegraph,

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Liam Halligan, and the Economics Editor of the Independent, Ben Chu.

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The Telegraph says the details of 800 terror suspects

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It reports that errors by spies and the police meant that the DNA

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samples of one in ten extremists had to be discarded.

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The 'i' newspaper has Boris Johnson calling David Cameron a cynical

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Prime Minister, and accusing him of being powerless

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The Sun pictures David Cameron with his fingers in his ears

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at the news of another 330,000 migrants.

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The Financial Times says the campaign for Britain to leave

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the EU is receiving twice as much in donations as the remain campaign,

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The Times says plans for a European Army are being kept

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secret from voters until the day after the referendum.

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The Metro leads with the story of a little girl who was rescued

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from the Mediterranean, when the boat she was in capsized

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And, The Guardian says secretive firms are buying up the capital.

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It reports that 40,000 properties in London are now owned

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We cannot really avoid starting with all of these migration figures,

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quite picture of David Cameron turning a deaf ear to a bombshell of

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figures. Classic bit of photo shop. It was always going to be a big

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moment, the migration figures before the big vote. It's the number one

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concern of many voters and the biggest trump card believe campaign

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has. The papers like the sun and express were going to play this for

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all its worth. A high number of net migration and immigration directly

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from the EU. Papers like this have used it to say exactly this is why

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we need to get out of the EU because there is no chance of bringing down

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the migration unless you don't have any more freedom of movement which

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is why it's so easy for people from Europe to come and live and work in

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the UK. It's sensitive timing. Left than a month to go, coming down to

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the business end of the campaign and the FrontPage reminds me of the dead

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parrot or Neil Kinnock and the light bulb. Almost a record and Leave will

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play it as hard as they can. Nigel Pharoah saying it's out of control

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and set to get worse -- Nigel Farage. But people say that we need

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them for the NHS and the service sector. A think tank stressing that

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a high proportion of migrants in the UK currently have come from the EU

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under a points -based system they may net get a visa. Interesting, the

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guardian have the same story down the side, feel free to move away,

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very much the same figures but it's interesting what the different camps

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are doing. This quote from David Davies saying immigration could fall

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to near zero in some years if the UK opted for Brexit. People making

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quite assertive claims. He is a big Leave complainer of course. Yes, and

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if you plug zero migration into all the network models we have been

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having you get a very bad outcome because economic models assume that

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net migration is a boost to growth. It's a question of if it is a boost

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to GDP per head but it's certainly a boost to GDP. If David Davies is

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right and that is the Leave campaign objective, to have zero net

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migration that makes it a lot harder to say the economy will not suffer,

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living standards will not suffer. Saying there will be no more

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migration. I think this is mischief, David Davis, I am not his spokesman

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but he clearly doesn't believe that and did think anybody in the Leave

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camp once zero net migration. -- wants. Many people are saying even

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if you stay, if you want access to the single market you have to accept

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this open borders policy, you cannot just say we wanted anyone. There are

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some saying we could have a Norwegian style access to the single

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market, we need a WTO style agreement which would mean no more

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contributions but they have big implications. It would be net

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emigration set by the British government from year to year.

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Different trade agreements come with different restrictions in terms of

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the free movement of people. Leave campaigners would say we are in the

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UK, the fifth biggest economy in the world, we have ?60 billion deficit

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with the rest of the EU who want to sell us stuff so there would be a

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negotiation. You are saying about a bit of mischief making, take us to

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the times because there is a suggestion that there had been plans

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for an EU army which have been somehow sidelined until after the

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vote. You could argue this is mischief avoiding from David

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Cameron, the last thing he would want is something like this coming

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out in the middle of this campaign. They say it's an EU army, if you

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actually read it it's talking about European military and organisational

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structures being a bit more coordinated. You could argue that

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the beginnings of a European army or a bit more now to look operation

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between lots of countries who share the same goals and have a lot of the

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same objectives. So obviously, they have delayed it, and you can say

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that's a terrible way of, an democratic way of not giving people

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all the information. Just like people are complaining that Chilcot

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has been delayed until after the referendum because that will make

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people angry with the government. But this is a bit of a nonstory when

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you read it. It's interesting because even though emigration will

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stay a big theme until polling day we will quite quickly move on to

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security and defence, the idea are we more secure within the EU,

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because of Nato, using the five eyes, the intelligence sharing

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network, this campaign has a long way to run. Strap yourselves in!

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Stay with me, let's move to the Daily Telegraph, they have laid on a

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different story, we will go down the side to France and the fuel strikes

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and we should not be going there. Very much on the eve of a long bank

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holiday story, a lot of people will be off to France. The RAC saying if

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you have not invested much money in going to France perhaps you will be

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better off not getting involved because there are nationwide

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strikes, air traffic control, fuel hauliers, they don't have any petrol

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at a great deal of stations. The RAC is warning if you go to France you

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might get stranded without petrol and we can't cope. They are taking

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quite a strong position. Yes. They have to look after their members.

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What I find interesting is its one of the few things that we would

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agree on, that France needs these reforms badly. The French labour

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market is very gummed up with regulations and they need a shot in

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the arm from this kind of thing. It has got the French out, the unions

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out seeing you are attacking our sacred 35 hour week. Can you give us

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a ten second reminder? It's essentially to give employers more

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rights and more flexibility about how they run their companies about

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like what the UK had before Thatcher came along. The French never had a

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parallel deregulation of the labour market. To some degree it socially

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accepted... So that's what it's all about. Typical French way of doing

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things, you go on the street and hammer it out and maybe get some

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reform. Just to stress, there are families and holidays involved, I

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mentioned it, but to stress, it's not just freight hauliers and

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petrol, it also air traffic control, a lot of flights have been cancelled

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so before you go to the airport for the long weekend check your flight.

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I like this detail tucked away saying do not attempt to take

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supplies with you to France since many very operators have a five

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litre limit due to the fire risk. I have hideous visions of people

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stockpiling petrol cans in their books, don't do it. Let's move on to

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the Metro, some powerful pictures tying in with the issue of

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migration. This is one of those class of stories which gives you the

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human face of these terrible, the migration story. Every so often we

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get something like this which brings it home on a human scale. And

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nine-month-old baby who was on one of these boats, pictures of the boat

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collapsing in the Mediterranean earlier this week. She was on the

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boat, her mother died, the assumption is her father has died as

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well so she is an orphan and is being looked after by the

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authorities in Italy. It is just one of those amazing stories where you

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see the reality behind it. It's not about the numbers, it's not about

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fear, it's very human and I think everyone can relate to this pull

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will -- this poor girl. We talk about the fear factor we all have

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around it. Then you read a story like this and it is moving. Of

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course, you can do anything other than massively sympathise and be

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moved by it and nor would you. The UNHCR numbers are pretty horrific

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for the number of people did last summer. Thousands. It's likely to be

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the same this summer. The reality is that as the weather improves

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throughout June more people will do this, we will get more photographs

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like this, more pictures on the news. It is hateful to say but that

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will have political ramifications and implications and it just goes to

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show, there is a lot of people trafficking going on and a lot of

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unscrupulous people making money by preying on people's hopes and

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dreams. Just time to squeeze in the Financial Times. You should have

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started with this, you have two nerds here. This is Apple flirting

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with Time Warner, what has been going on? There has been a big trend

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of techie groups wanting to own their own content and now we have

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rumours, what we have here is a stylised rumour of Apple broaching a

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merger with Time Warner. Rupert Murdoch tried to buy Time Warner and

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his bed was rejected. Amazon and Netflix are creating huge amounts of

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their own content, Apple may be interested in buying a content

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provider. This is interesting for Apple because they are one of the

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biggest companies in the world but sales have been coming off a bet,

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the market has slightly turned on them. It's very speculative, this

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story, only a suggestion in a meeting a while ago but it's caught

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the imagination simply because maybe this is the next big move. Good way

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of boosting your share price! You are cynical! Thank you gentlemen,

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that is all for now don't forget all the front pages can be found online.

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You can see the detailed review there.

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