:00:11. > :00:13.Eyewitnesses say a carriage derailed and fell, before landing on top
:00:14. > :00:18.Hello and welcome to our look ahead to what the the papers will be
:00:19. > :00:27.With me are Jim Waterson, who's the politics editor
:00:28. > :00:30.at BuzzFeed UK, and Rosamund Urwin, a columnist for the
:00:31. > :00:32.How different it all could have been!
:00:33. > :00:38.The i says Labour leader Jeremy Corbyn has been rocked
:00:39. > :00:41.by a walk-out of his Shadow Cabinet and has a helpful column
:00:42. > :00:44.of pictures of all those members who've quit today.
:00:45. > :00:50.The Metro comments on the political chaos
:00:51. > :00:52.following the referendum vote - the lights are on at Westminster,
:00:53. > :00:56.The Express says the Prime Minister's coming under pressure
:00:57. > :01:00.to leave Downing Street early to foil what it calls a plot to stop
:01:01. > :01:04.The Guardian says Jeremy Corbyn is determined to stay as Labour
:01:05. > :01:08.leader despite his Shadow Cabinet disintegrating.
:01:09. > :01:10.The Telegraph also leads on the Labour mutiny -
:01:11. > :01:13.but its front page is dominated by a quote from its exclusive
:01:14. > :01:21.While the FT says Britain is facing what it calls the "stark reality"
:01:22. > :01:28.of the international consequences of its vote to leave the EU.
:01:29. > :01:39.Let's start with Labour, shall we quiz --?. The Guardian. The London
:01:40. > :01:44.have resigned from Corbyn's Shadow Cabinet and it will probably show
:01:45. > :01:46.you pictures of them. Hillary Cording, -- Hilary Benn, late last
:01:47. > :01:52.night, rang up Jeremy Corbyn and said, you are a nice chap but I do
:01:53. > :01:58.not have confidence in you. Exactly that. And nobody had resigned for
:01:59. > :02:02.that whole period, and this was just that stage, staggered run of
:02:03. > :02:05.resignations. Corbyn had a lot of problems forming a Shadow Cabinet.
:02:06. > :02:08.He was supposed to be bringing a lot of people together and there were a
:02:09. > :02:12.lot too would not serve under him. Who does he have left, possibly? How
:02:13. > :02:18.can he stay on when the statement that came out only had the support
:02:19. > :02:25.of 16 MPs? M's you say it was this staged, staggered thing -- yes, but
:02:26. > :02:31.you see. It looks like it was choreographed or perhaps it was,
:02:32. > :02:36.I'll do it, will you do it? Were people waiting to see who went?
:02:37. > :02:40.Speaking to these and the Corbyn MPs, certainly they are coming from
:02:41. > :02:42.that direction, the thing was until the referendum came around they were
:02:43. > :02:46.not quite expecting this. Margaret Hodge then failed a no-confidence
:02:47. > :02:49.motion on Friday, Hilary Benn started speaking to people and then
:02:50. > :02:56.suddenly as soon as people realised it was go, there was coordination
:02:57. > :03:05.and the clip it out hour by hour, creating that sense of total chaos
:03:06. > :03:10.within Labour -- the dripped it out. Nobody expected this at that time.
:03:11. > :03:13.When we got a call from Jeremy Corbyn at one ANC and, we have
:03:14. > :03:16.sacked Hilary Benn, get the word out, and then you have essentially
:03:17. > :03:21.had resignation stories -- at one o'clock in the morning. Everyone is
:03:22. > :03:26.very tired, and these are important decisions. And dragged back from
:03:27. > :03:34.Glastonbury, the deputy leader, to speak to Corbyn tomorrow. The silent
:03:35. > :03:38.disco at Glastonbury! The thing is the way the Labour leadership gets
:03:39. > :03:41.decided is dependent upon grassroots support, isn't it? And Jeremy Corbyn
:03:42. > :03:48.seems to have a lot of support from the rank of the party. Absolutely
:03:49. > :03:52.and there is discussion momentum will turn up at the Commons
:03:53. > :03:56.tomorrow, and protest, groups of them. There is also the fact there
:03:57. > :03:58.is this campaign, don't attack him. A lot of the reason he ended up
:03:59. > :04:03.being nominated in the first place was about Labour MPs who switched
:04:04. > :04:07.their vote so he had enough nominations to ensure a broad
:04:08. > :04:12.debate, but because their party memories were saying to them,
:04:13. > :04:16.usually must broaden this debate. -- their party members. One Labour MP
:04:17. > :04:20.told me the deeply regretted it. It was on Monday. They had gone onto
:04:21. > :04:23.the constituency and had three days being told by your party members, we
:04:24. > :04:30.won you your seat at the General Election, so do this for us, move
:04:31. > :04:33.your vote off Andy Burnham, Liz Kendall, whoever, and give it to
:04:34. > :04:36.him. We will return to this a little more in a minute when we look at the
:04:37. > :04:42.high newspaper, but the other story from the Guardian. The shock of the
:04:43. > :04:44.EU vote since then. Who will be surprised by this, Jim, because
:04:45. > :04:49.there were warnings from various quarters that this could happen? No
:04:50. > :04:54.proof of it of course before the fact. People will still be digestive
:04:55. > :04:57.and working out whether they want to move significant numbers of staff
:04:58. > :05:00.abroad and the next thing is will it, you have these surveys, you go
:05:01. > :05:05.around and ask Chief Executive 's who will be filling quite nervous
:05:06. > :05:08.right now. A lot of uncertainty -- Chief Executives. You will see a cut
:05:09. > :05:14.in investment initially and then you get that crunch time. If it is hard
:05:15. > :05:19.to take currency with Europe, if it becomes more difficult to trade with
:05:20. > :05:22.certain segments, you know, you might not want a new car assembly
:05:23. > :05:26.line in when the old one runs out, and it. Too slowly seep away and see
:05:27. > :05:30.where these jobs go. I do not know where they will go, but it is not
:05:31. > :05:33.good if people are saying this. It is the fact that we just do not know
:05:34. > :05:37.at the moment. There are negotiations about the new
:05:38. > :05:41.relationship Britain has with the rest of the European Union, they
:05:42. > :05:45.have not even started yet. What firms ultimately do well and
:05:46. > :05:50.depended upon that? Geller might guess, but lots of people will make
:05:51. > :05:55.decisions quite quickly. If you speak to people in investment banks
:05:56. > :05:59.in London -- yes, but lots of people will make decisions quickly. They
:06:00. > :06:02.have their European headquarters here, perhaps the US law firm, they
:06:03. > :06:09.think those jobs will be moved out quite quickly, and I think the
:06:10. > :06:11.problem is and, you know, having been a market Reporter, one of the
:06:12. > :06:16.things you know is the market moves so hugely on uncertainty and it
:06:17. > :06:23.loves stability and of course tomorrow there will be another drop
:06:24. > :06:28.in the FTSE 100 and expectation is about 3%. Someone is making some
:06:29. > :06:33.money somewhere. Someone always does. The i Newspaper. Corbyn rocked
:06:34. > :06:37.by cabinet walk-out. Here are the people who decided to go, or in the
:06:38. > :06:42.case of Hilary Benn at the top, he was sacked. Diane Abbott was
:06:43. > :06:45.speaking today and she said, this is just opportunistic, this has been
:06:46. > :06:49.planned for ages. It has nothing to do with reasons being given by these
:06:50. > :06:55.people, that they did not like the way Jeremy Corbyn performed in the
:06:56. > :07:00.referendum on the of Remain. Think you are right. It has been something
:07:01. > :07:05.building it for a very long time, not only because of that, however
:07:06. > :07:09.this is a genuine constitutional crisis. It is telling that this
:07:10. > :07:12.front page, even in the time between it being produced and sent to us,
:07:13. > :07:17.there is another person gone who is not even on their, so, you know, the
:07:18. > :07:21.scale of the walk-out is absolutely enormous. The newspaper front pages
:07:22. > :07:24.after going to keep up. We did wonder whether they would all be out
:07:25. > :07:28.of date by the time we went to a? Yes, but they have to act now. If he
:07:29. > :07:31.is not going to be their leader possibly for the next General
:07:32. > :07:36.Election, that is the assumption, if we're going to have a new
:07:37. > :07:39.Conservative leader, we are likely fairly soon afterwards to have a
:07:40. > :07:43.General Election in order to achieve legitimacy for that leader. Will be
:07:44. > :07:49.really want to do that? They may not have a choice. -- will they really
:07:50. > :07:52.want to do that. Tom Watson's statement, probably the definition
:07:53. > :07:56.of lukewarm, having come back from Glastonbury, where he had
:07:57. > :08:01.conveniently been a way out of radio contact, he pops up with the
:08:02. > :08:04.statement, and in that he says very little in support of Jeremy Corbyn
:08:05. > :08:08.and quite a lot in terms of, we have an election, we will almost
:08:09. > :08:11.certainly have to fight it and we need proper leadership. The coded
:08:12. > :08:15.message is that the current leadership is not proper leadership.
:08:16. > :08:20.Let's look at the Telegraph. The exclusive interview, as we know,
:08:21. > :08:25.Boris Johnson, who writes for this paper. We must be proud and
:08:26. > :08:29.positive, he says. Let's read it. We must reach out, we must heal, we
:08:30. > :08:34.must build bridges, because it is clear some have feelings of dismay,
:08:35. > :08:36.loss and confusion. I believe this climate of apprehension is
:08:37. > :08:39.understandable given what people were told during the campaign but
:08:40. > :08:43.based on a profound misunderstanding of what has really taken place. At
:08:44. > :08:45.home and abroad the negative consequences are being wildly
:08:46. > :08:50.overdone and the upside is being ignored. The upside being an
:08:51. > :08:53.opportunity to recast our relationship with Brussels and the
:08:54. > :08:59.rest of the EU? Yes, and of course in response to all those companies
:09:00. > :09:03.leaving, Boris will presumably say, we will get more in exports, but of
:09:04. > :09:09.course we are a net importer and exporter never been our big thing.
:09:10. > :09:13.But, anyway. He did not of course look either proud or positive on
:09:14. > :09:17.Friday morning, did the? Of course he was tired and all those things
:09:18. > :09:21.but he had expected to lose and he had expected to lose by a narrow
:09:22. > :09:25.margin -- did he? I think there is a bit of Boris. I mean, his heart
:09:26. > :09:28.never appeared to be in this... We have heard people like Alastair
:09:29. > :09:37.Campbell seeing today what they were expecting was to lose by 2%, 51
:09:38. > :09:41.Remain, 49 Leave. We do not know that for sure. Nigel Farage
:09:42. > :09:45.obviously did say he thought he had lost at their closing poll, and
:09:46. > :09:49.Boris spoke to somebody on the Tube, didn't he? He did later deny that,
:09:50. > :09:54.but I think the interesting thing with this is Boris is now having to
:09:55. > :09:59.fashion a case in a very Boris manner for a very open and positive
:10:00. > :10:02.trading with the world sort of Vote Leave result, all about boosting
:10:03. > :10:07.job, trading with Europe and everywhere else. I do not believe a
:10:08. > :10:11.lot of Remain voters, I mean a lot of them did vote for that, but a lot
:10:12. > :10:14.of them were for cutting that off and if he does not deliver on that
:10:15. > :10:19.he will have a very disappointed support this. But during the
:10:20. > :10:23.campaign, months ago, when Boris Johnson first decided he was going
:10:24. > :10:26.to campaign to leave, and then it was again repeated I believe by
:10:27. > :10:32.Michael Howard and Young who has been prominent in promoting reading
:10:33. > :10:37.comic he told us the other night, that the idea would be to
:10:38. > :10:41.renegotiate terms -- in promoting the league campaign. To drive a hard
:10:42. > :10:45.bargain with the EU, then put it to a separate referendum. This is not
:10:46. > :10:49.new. This has not just come out. It was set weeks and months ago. If we
:10:50. > :10:55.were paying attention will stop he could still do that? -- if we were
:10:56. > :11:02.paying attention, he could still do that? Yes, but I do not want to go
:11:03. > :11:06.to another rough friend. But it would be, this is the deal we
:11:07. > :11:10.managed to strike, something different from what David Cameron
:11:11. > :11:13.got, do you like it? Why on earth did anyone seriously think Europe
:11:14. > :11:18.would be OK with that? They do not want other people having referendums
:11:19. > :11:21.to leave, do they? They have to set an example for us that if you were
:11:22. > :11:25.there you would be thinking, we must now make an example. And the sounds
:11:26. > :11:29.coming from Angela Merkel, suggesting there was the possibility
:11:30. > :11:35.of renegotiation, something new... But the message from the EU is, we
:11:36. > :11:38.want you out now and fast. The Angela Merkel thing was actually a
:11:39. > :11:43.slight mistranslation because the word in German has two meanings and
:11:44. > :11:47.it was not... It was more, we need to speak about what happens now
:11:48. > :11:51.rather than actually, let's renegotiate. But she has not been in
:11:52. > :12:00.so much of a rush as people like Jean-Claude Blanc, has she? No. --
:12:01. > :12:03.Jean-Claude Juncker. The Metro. The lights are on but nobody's home. We
:12:04. > :12:07.could not conjure these people up during the campaign and now... The
:12:08. > :12:13.only people we had today was Iain Duncan Smith, and, yes, I think it a
:12:14. > :12:16.lot of people would rather like he had retained his quiet status, the
:12:17. > :12:24.quiet man. I think this is quite a good summary really. If you look at
:12:25. > :12:27.those headlines, a third of the Shadow Cabinet quitting, Scots
:12:28. > :12:29.wanting to stay in the EU, 3 million signing a petition for another
:12:30. > :12:33.referendum and Brussels wants us to leave now. Each of those is a
:12:34. > :12:38.massive front-page story on any other day! In their own right. Let's
:12:39. > :12:41.look at this, three million and the petition. There is a suggestion some
:12:42. > :12:47.of those signatures are fake, they have come from abroad, generated by
:12:48. > :12:51.some kid of... Supposedly Lotzen from the Vatican City, more than the
:12:52. > :12:54.people who live there, or whatever -- lots of them are from. At the
:12:55. > :12:59.same time a lot of people are incredibly angry at this result. But
:13:00. > :13:04.it will not make any difference. It will not. At BuzzFeed, we scrape the
:13:05. > :13:08.data from the constituencies where people were signing and we were told
:13:09. > :13:12.18% of people in Bristol signed it but about 1% of people in Walsall
:13:13. > :13:17.signed it. Congratulations, 3 million signatures all from the
:13:18. > :13:22.exact same places who voted solidly for Remain. We just created on a
:13:23. > :13:26.smaller scale the referendum vote. But Nicola Sturgeon, Scotland
:13:27. > :13:31.fighting to stay in the EU. The way that power is devolved to Edinburgh,
:13:32. > :13:36.to Holyrood, and how it is wrapped up in EU law, that could mean it
:13:37. > :13:42.would be within Nicola Sturgeon's gift to make it very difficult for
:13:43. > :13:45.us to... She can make it difficult and object but I think on balance
:13:46. > :13:48.there is very little they can do. Even the Conservatives in Scotland
:13:49. > :13:51.are saying this is a slightly nonsense argument, that there is
:13:52. > :13:55.very little that can be done to stop the rest of the UK going. Scotland
:13:56. > :13:59.can object, it can feel to endorse the plan, but ultimately if the UK
:14:00. > :14:06.wants to go for it, you know, and there is a moral imperative behind
:14:07. > :14:09.it. It is very hard to stop the rest of the UK going. But she says she
:14:10. > :14:12.has to do the best by Scotland to she might be tempted to try if it
:14:13. > :14:16.prevents an immediate breaking of the United Kingdom? I think you are
:14:17. > :14:20.right on this. She will just find there are too many stumbling blocks
:14:21. > :14:25.to that. She might try in order to show she has done her best. Perhaps
:14:26. > :14:29.that is it as well. Then she can prove she has done her best and
:14:30. > :14:34.there is another reason for a second referendum. But constitutionally it
:14:35. > :14:38.is fascinating, isn't it? And very complex. These things were never
:14:39. > :14:42.supposed to be unpacked, that is the problem. And Gibraltar, no one quite
:14:43. > :14:46.thought about that, or Northern Ireland, for that matter! We need a
:14:47. > :14:54.lot! Or two! The Financial Times. The UK confronts new reality -- we
:14:55. > :14:58.need a lawyer. Then we start looking at how difficult life may be. He no
:14:59. > :15:02.longer wants to be the commissioner and is looking at the financial
:15:03. > :15:06.services, says decisions will be made in terms of the euro rather
:15:07. > :15:13.than any other currency, and not in London. He says that. Absolutely,
:15:14. > :15:16.and the waiter financial Times has put its first line, the stark
:15:17. > :15:21.reality of crumbling influence on the world stage. Yes, pretty
:15:22. > :15:25.sobering. Boris Johnson I'm sure we'll object, but for the Financial
:15:26. > :15:28.Times to read on that, they were very pro-case-2-mac during the
:15:29. > :15:33.campaign. They are not messing about when they say that. -- pro Remain.
:15:34. > :15:39.Britain is really going to struggle to negotiate new deals, John Kerry
:15:40. > :15:42.flying in. Also this leadership battle within the Tories running on
:15:43. > :15:47.for months and months well this is going on. It will be interesting
:15:48. > :15:51.times. And Erik Nielsen, the columnist, whatever influence the UK
:15:52. > :15:55.had in the EU is completely gone. There was a meeting on Tuesday,
:15:56. > :15:58.Wednesday, and we can turn up the first day but not the second. That
:15:59. > :16:04.is the first time in 40 odd years that has happened. Yes. You know,
:16:05. > :16:07.when Greece was in crisis the German banks have a lot of money invested
:16:08. > :16:10.there and they had to do something to keep it within the EU, and in
:16:11. > :16:15.terms of our leveraged only thing we have now is when we invoke Article
:16:16. > :16:18.50. That is not only thing we can do. We can hold off on that but
:16:19. > :16:22.basically they can set the terms to a certain extent of what we are
:16:23. > :16:26.allowed to do and how much of the Single Market we can access, and
:16:27. > :16:30.what deal we will get. Even the Telegraph, a fantastic column there
:16:31. > :16:34.by the Brussels correspondent today in which he went through and set
:16:35. > :16:39.out, even for a Eurosceptic paper, just saying how brittle these
:16:40. > :16:42.negotiations will be because the EU is not in a mood to let us get away
:16:43. > :16:47.with something like that -- to brutal-mac these negotiations will
:16:48. > :16:50.be. That is pleasing to people thinking, you know, the EU doesn't
:16:51. > :16:53.like that anyway, we voted out, this is what we wanted. That will
:16:54. > :17:00.probably be the assessment back here. We will speak again at have
:17:01. > :17:06.passed 11. Have some coffee. It is prideful but not great! Rosamund and
:17:07. > :17:12.Jim will be back at have passed 11 with us to have another look at the
:17:13. > :17:17.front pages. -- have passed 11. Coming up, the weather.
:17:18. > :17:23.Hello. Good evening. Let's look at the satellite secrets to see what
:17:24. > :17:25.has been happening today.