26/06/2016 The Papers


26/06/2016

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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Eyewitnesses say a carriage derailed and fell, before landing on top

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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 Jim Waterson, who's the politics editor

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at BuzzFeed UK, and Rosamund Urwin, a columnist for the

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How different it all could have been!

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The i says Labour leader Jeremy Corbyn has been rocked

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by a walk-out of his Shadow Cabinet and has a helpful column

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of pictures of all those members who've quit today.

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The Metro comments on the political chaos

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following the referendum vote - the lights are on at Westminster,

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The Express says the Prime Minister's coming under pressure

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to leave Downing Street early to foil what it calls a plot to stop

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The Guardian says Jeremy Corbyn is determined to stay as Labour

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leader despite his Shadow Cabinet disintegrating.

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The Telegraph also leads on the Labour mutiny -

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but its front page is dominated by a quote from its exclusive

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While the FT says Britain is facing what it calls the "stark reality"

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of the international consequences of its vote to leave the EU.

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Let's start with Labour, shall we quiz --?. The Guardian. The London

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have resigned from Corbyn's Shadow Cabinet and it will probably show

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you pictures of them. Hillary Cording, -- Hilary Benn, late last

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night, rang up Jeremy Corbyn and said, you are a nice chap but I do

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not have confidence in you. Exactly that. And nobody had resigned for

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that whole period, and this was just that stage, staggered run of

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resignations. Corbyn had a lot of problems forming a Shadow Cabinet.

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He was supposed to be bringing a lot of people together and there were a

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lot too would not serve under him. Who does he have left, possibly? How

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can he stay on when the statement that came out only had the support

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of 16 MPs? M's you say it was this staged, staggered thing -- yes, but

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you see. It looks like it was choreographed or perhaps it was,

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I'll do it, will you do it? Were people waiting to see who went?

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Speaking to these and the Corbyn MPs, certainly they are coming from

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that direction, the thing was until the referendum came around they were

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not quite expecting this. Margaret Hodge then failed a no-confidence

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motion on Friday, Hilary Benn started speaking to people and then

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suddenly as soon as people realised it was go, there was coordination

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and the clip it out hour by hour, creating that sense of total chaos

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within Labour -- the dripped it out. Nobody expected this at that time.

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When we got a call from Jeremy Corbyn at one ANC and, we have

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sacked Hilary Benn, get the word out, and then you have essentially

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had resignation stories -- at one o'clock in the morning. Everyone is

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very tired, and these are important decisions. And dragged back from

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Glastonbury, the deputy leader, to speak to Corbyn tomorrow. The silent

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disco at Glastonbury! The thing is the way the Labour leadership gets

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decided is dependent upon grassroots support, isn't it? And Jeremy Corbyn

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seems to have a lot of support from the rank of the party. Absolutely

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and there is discussion momentum will turn up at the Commons

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tomorrow, and protest, groups of them. There is also the fact there

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is this campaign, don't attack him. A lot of the reason he ended up

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being nominated in the first place was about Labour MPs who switched

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their vote so he had enough nominations to ensure a broad

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debate, but because their party memories were saying to them,

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usually must broaden this debate. -- their party members. One Labour MP

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told me the deeply regretted it. It was on Monday. They had gone onto

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the constituency and had three days being told by your party members, we

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won you your seat at the General Election, so do this for us, move

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your vote off Andy Burnham, Liz Kendall, whoever, and give it to

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him. We will return to this a little more in a minute when we look at the

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high newspaper, but the other story from the Guardian. The shock of the

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EU vote since then. Who will be surprised by this, Jim, because

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there were warnings from various quarters that this could happen? No

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proof of it of course before the fact. People will still be digestive

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and working out whether they want to move significant numbers of staff

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abroad and the next thing is will it, you have these surveys, you go

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around and ask Chief Executive 's who will be filling quite nervous

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right now. A lot of uncertainty -- Chief Executives. You will see a cut

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in investment initially and then you get that crunch time. If it is hard

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to take currency with Europe, if it becomes more difficult to trade with

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certain segments, you know, you might not want a new car assembly

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line in when the old one runs out, and it. Too slowly seep away and see

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where these jobs go. I do not know where they will go, but it is not

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good if people are saying this. It is the fact that we just do not know

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at the moment. There are negotiations about the new

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relationship Britain has with the rest of the European Union, they

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have not even started yet. What firms ultimately do well and

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depended upon that? Geller might guess, but lots of people will make

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decisions quite quickly. If you speak to people in investment banks

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in London -- yes, but lots of people will make decisions quickly. They

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have their European headquarters here, perhaps the US law firm, they

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think those jobs will be moved out quite quickly, and I think the

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problem is and, you know, having been a market Reporter, one of the

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things you know is the market moves so hugely on uncertainty and it

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loves stability and of course tomorrow there will be another drop

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in the FTSE 100 and expectation is about 3%. Someone is making some

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money somewhere. Someone always does. The i Newspaper. Corbyn rocked

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by cabinet walk-out. Here are the people who decided to go, or in the

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case of Hilary Benn at the top, he was sacked. Diane Abbott was

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speaking today and she said, this is just opportunistic, this has been

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planned for ages. It has nothing to do with reasons being given by these

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people, that they did not like the way Jeremy Corbyn performed in the

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referendum on the of Remain. Think you are right. It has been something

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building it for a very long time, not only because of that, however

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this is a genuine constitutional crisis. It is telling that this

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front page, even in the time between it being produced and sent to us,

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there is another person gone who is not even on their, so, you know, the

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scale of the walk-out is absolutely enormous. The newspaper front pages

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after going to keep up. We did wonder whether they would all be out

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of date by the time we went to a? Yes, but they have to act now. If he

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is not going to be their leader possibly for the next General

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Election, that is the assumption, if we're going to have a new

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Conservative leader, we are likely fairly soon afterwards to have a

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General Election in order to achieve legitimacy for that leader. Will be

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really want to do that? They may not have a choice. -- will they really

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want to do that. Tom Watson's statement, probably the definition

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of lukewarm, having come back from Glastonbury, where he had

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conveniently been a way out of radio contact, he pops up with the

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statement, and in that he says very little in support of Jeremy Corbyn

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and quite a lot in terms of, we have an election, we will almost

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certainly have to fight it and we need proper leadership. The coded

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message is that the current leadership is not proper leadership.

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Let's look at the Telegraph. The exclusive interview, as we know,

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Boris Johnson, who writes for this paper. We must be proud and

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positive, he says. Let's read it. We must reach out, we must heal, we

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must build bridges, because it is clear some have feelings of dismay,

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loss and confusion. I believe this climate of apprehension is

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understandable given what people were told during the campaign but

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based on a profound misunderstanding of what has really taken place. At

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home and abroad the negative consequences are being wildly

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overdone and the upside is being ignored. The upside being an

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opportunity to recast our relationship with Brussels and the

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rest of the EU? Yes, and of course in response to all those companies

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leaving, Boris will presumably say, we will get more in exports, but of

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course we are a net importer and exporter never been our big thing.

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But, anyway. He did not of course look either proud or positive on

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Friday morning, did the? Of course he was tired and all those things

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but he had expected to lose and he had expected to lose by a narrow

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margin -- did he? I think there is a bit of Boris. I mean, his heart

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never appeared to be in this... We have heard people like Alastair

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Campbell seeing today what they were expecting was to lose by 2%, 51

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Remain, 49 Leave. We do not know that for sure. Nigel Farage

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obviously did say he thought he had lost at their closing poll, and

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Boris spoke to somebody on the Tube, didn't he? He did later deny that,

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but I think the interesting thing with this is Boris is now having to

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fashion a case in a very Boris manner for a very open and positive

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trading with the world sort of Vote Leave result, all about boosting

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job, trading with Europe and everywhere else. I do not believe a

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lot of Remain voters, I mean a lot of them did vote for that, but a lot

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of them were for cutting that off and if he does not deliver on that

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he will have a very disappointed support this. But during the

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campaign, months ago, when Boris Johnson first decided he was going

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to campaign to leave, and then it was again repeated I believe by

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Michael Howard and Young who has been prominent in promoting reading

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comic he told us the other night, that the idea would be to

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renegotiate terms -- in promoting the league campaign. To drive a hard

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bargain with the EU, then put it to a separate referendum. This is not

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new. This has not just come out. It was set weeks and months ago. If we

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were paying attention will stop he could still do that? -- if we were

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paying attention, he could still do that? Yes, but I do not want to go

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to another rough friend. But it would be, this is the deal we

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managed to strike, something different from what David Cameron

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got, do you like it? Why on earth did anyone seriously think Europe

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would be OK with that? They do not want other people having referendums

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to leave, do they? They have to set an example for us that if you were

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there you would be thinking, we must now make an example. And the sounds

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coming from Angela Merkel, suggesting there was the possibility

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of renegotiation, something new... But the message from the EU is, we

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want you out now and fast. The Angela Merkel thing was actually a

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slight mistranslation because the word in German has two meanings and

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it was not... It was more, we need to speak about what happens now

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rather than actually, let's renegotiate. But she has not been in

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so much of a rush as people like Jean-Claude Blanc, has she? No. --

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Jean-Claude Juncker. The Metro. The lights are on but nobody's home. We

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could not conjure these people up during the campaign and now... The

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only people we had today was Iain Duncan Smith, and, yes, I think it a

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lot of people would rather like he had retained his quiet status, the

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quiet man. I think this is quite a good summary really. If you look at

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those headlines, a third of the Shadow Cabinet quitting, Scots

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wanting to stay in the EU, 3 million signing a petition for another

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referendum and Brussels wants us to leave now. Each of those is a

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massive front-page story on any other day! In their own right. Let's

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look at this, three million and the petition. There is a suggestion some

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of those signatures are fake, they have come from abroad, generated by

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some kid of... Supposedly Lotzen from the Vatican City, more than the

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people who live there, or whatever -- lots of them are from. At the

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same time a lot of people are incredibly angry at this result. But

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it will not make any difference. It will not. At BuzzFeed, we scrape the

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data from the constituencies where people were signing and we were told

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18% of people in Bristol signed it but about 1% of people in Walsall

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signed it. Congratulations, 3 million signatures all from the

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exact same places who voted solidly for Remain. We just created on a

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smaller scale the referendum vote. But Nicola Sturgeon, Scotland

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fighting to stay in the EU. The way that power is devolved to Edinburgh,

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to Holyrood, and how it is wrapped up in EU law, that could mean it

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would be within Nicola Sturgeon's gift to make it very difficult for

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us to... She can make it difficult and object but I think on balance

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there is very little they can do. Even the Conservatives in Scotland

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are saying this is a slightly nonsense argument, that there is

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very little that can be done to stop the rest of the UK going. Scotland

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can object, it can feel to endorse the plan, but ultimately if the UK

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wants to go for it, you know, and there is a moral imperative behind

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it. It is very hard to stop the rest of the UK going. But she says she

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has to do the best by Scotland to she might be tempted to try if it

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prevents an immediate breaking of the United Kingdom? I think you are

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right on this. She will just find there are too many stumbling blocks

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to that. She might try in order to show she has done her best. Perhaps

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that is it as well. Then she can prove she has done her best and

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there is another reason for a second referendum. But constitutionally it

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is fascinating, isn't it? And very complex. These things were never

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supposed to be unpacked, that is the problem. And Gibraltar, no one quite

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thought about that, or Northern Ireland, for that matter! We need a

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lot! Or two! The Financial Times. The UK confronts new reality -- we

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need a lawyer. Then we start looking at how difficult life may be. He no

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longer wants to be the commissioner and is looking at the financial

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services, says decisions will be made in terms of the euro rather

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than any other currency, and not in London. He says that. Absolutely,

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and the waiter financial Times has put its first line, the stark

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reality of crumbling influence on the world stage. Yes, pretty

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sobering. Boris Johnson I'm sure we'll object, but for the Financial

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Times to read on that, they were very pro-case-2-mac during the

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campaign. They are not messing about when they say that. -- pro Remain.

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Britain is really going to struggle to negotiate new deals, John Kerry

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flying in. Also this leadership battle within the Tories running on

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for months and months well this is going on. It will be interesting

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times. And Erik Nielsen, the columnist, whatever influence the UK

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had in the EU is completely gone. There was a meeting on Tuesday,

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Wednesday, and we can turn up the first day but not the second. That

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is the first time in 40 odd years that has happened. Yes. You know,

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when Greece was in crisis the German banks have a lot of money invested

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there and they had to do something to keep it within the EU, and in

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terms of our leveraged only thing we have now is when we invoke Article

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50. That is not only thing we can do. We can hold off on that but

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basically they can set the terms to a certain extent of what we are

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allowed to do and how much of the Single Market we can access, and

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what deal we will get. Even the Telegraph, a fantastic column there

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by the Brussels correspondent today in which he went through and set

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out, even for a Eurosceptic paper, just saying how brittle these

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negotiations will be because the EU is not in a mood to let us get away

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with something like that -- to brutal-mac these negotiations will

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be. That is pleasing to people thinking, you know, the EU doesn't

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like that anyway, we voted out, this is what we wanted. That will

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probably be the assessment back here. We will speak again at have

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passed 11. Have some coffee. It is prideful but not great! Rosamund and

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Jim will be back at have passed 11 with us to have another look at the

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front pages. -- have passed 11. Coming up, the weather.

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Hello. Good evening. Let's look at the satellite secrets to see what

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has been happening today.

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