26/06/2016 The Papers


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


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


With me are Jim Waterson, who's the politics editor


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


How different it all could have been!


The i says Labour leader Jeremy Corbyn has been rocked


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


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


The Metro comments on the political chaos


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


The Express says the Prime Minister's coming under pressure


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


The Guardian says Jeremy Corbyn is determined to stay as Labour


leader despite his Shadow Cabinet disintegrating.


The Telegraph also leads on the Labour mutiny -


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


and there is discussion momentum will turn up at the Commons


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


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


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


their vote so he had enough nominations to ensure a broad


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


at the moment. There are negotiations about the new


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


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


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


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


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


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


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


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


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


loves stability and of course tomorrow there will be another drop


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


message is that the current leadership is not proper leadership.


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


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


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


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


loss and confusion. I believe this climate of apprehension is


understandable given what people were told during the campaign but


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


home and abroad the negative consequences are being wildly


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


opportunity to recast our relationship with Brussels and the


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Michael Howard and Young who has been prominent in promoting reading


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


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


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


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


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


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


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


managed to strike, something different from what David Cameron


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


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


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


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


coming from Angela Merkel, suggesting there was the possibility


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


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


slight mistranslation because the word in German has two meanings and


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


signed it. Congratulations, 3 million signatures all from the


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


smaller scale the referendum vote. But Nicola Sturgeon, Scotland


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


has been happening today.


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