01/07/2016 The Papers

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

With me are Lucy Fisher, Senior Political Correspondent

at The Times and Reuters Correspondent Tom Bergin.

Welcome. We get on to something other than politics later.

Theresa May advancing for the top job at Number ten is lead

The i says top tories are rushing to pledge their support

May-mentum - is the Daily Mail's headline.

It says that eight cabinet ministers have come out in support for her.

And the Telegraph says the Brexit-eer Andrea Leadsom

currently poses the biggest threat to Theresa May.

Elsewhere in the Tory leadership battle, the Guardian says

Michael Gove is losing ground in the race.

It also shows an image of a soldier taking part in those commemorations

for the centenary of the Battle of the Somme.

The Times has a similar front page - it says Michael Gove is struggling

The Mirror pokes fun at Michael Gove's campaign,

as well as also celebrating Wales' historic victory over Belgium this

And the FT reports on George Osborne's decision to abandon plans

Before we get onto the leadership contest. The front page of the

Times, the main picture story. Never forgotten is the caption. 100th

anniversary of the start of the Battle of the Somme. The ceremony in

northern France. People paying their respects in the military Sema

-- military Cemetery. A number of events taking place. The sheer

number of the casualties, mind blowing. 20,000 people killed on

Monday, impossible to get your head around that. Two-day summit

haunting, very moving tributes. For me, amazing footage of children

throwing poppy petals into the crater. Children symbolising hope,

the future. Recalling the fact that some of these young men were as

young as 16. Very moving. 100 years, this will be an immensely important

event. We may never see anything like this kind of commemoration. For

a certain generation, it may not have the same resonance it does for

previous generations. My grandfather fought in the First World War, as in

the previous report, not always remembered in the Republic of

Ireland. Nice to see the sacrifices are still remembered. One hopes it

will continue to be the case. As time goes on, other events come to

the mind of people. Theresa May in the Daily Mail, backed by 88 MPs.

Some of these figures may not be accurate. Seven Cabinet ministers,

we have been told it is eight. Michael Gove struggling for support,

Andrea Leadsom go past him. Everybody seems

to be going with the same story. With the stories to date, we were

talking about it. Seems like it is very preoccupied with the soap opera

of Westminster, the backstabbing. Everybody seems to be shocked people

backstab each other in politics, I don't know. I am surprised people

are surprised. Not a lot of conversation about what difference

it would make if one or the other got elected. Nobody seems to discuss

what one would do differently in the context of the biggest issue. Which

is leaving the youth. How they would seek to do that. -- leaving for EU.

How much of a surprise will it be the Andrea Leadsom has got so much

backing? Very surprising, before the EU referendum that she could be

edging in front Michael Gove. He is tainted, the man left holding the

knife, after assassinating Boris. People do not want to get finding.

Andrea Leadsom was the break-out star of the Brexit campaign. She did

well. In those TV debates. She seems confident. The claims made by the

Leave campaign, many have backtracked. Why would it not affect

her chances? If it has been damaging for Michael Gove and Boris Johnson.

Because she was more in the background. Boris spending time on

the bus where this contentious claim that 350 million pounds a week

Brussels. Leadsom was not asked those questions, she defended Boris

she seemed confident in the TV debates. Not as associated in the

public's mind. Let's look at the marvellous hat Theresa May is

wearing at the Henley Regatta. Top Tories uniting around the Home

Secretary. Tell us a little bit about

the leadership contest. We have five candidates. Stephen Crabb, Liam Fox,

Andrea Leadsom, Michael Gove and Theresa May. Only Tory MPs can vote.

The person with the least number of votes goes out. Two further rounds.

After that the final two candidates go to the Tory party membership,

about 150,000 people. It is interesting, as Theresa May heads

for 100 Tory MPs back there, this could almost be a coronation. The

Conservative Party so preoccupied with power. If people think it is a

foregone conclusion, nobody will back another candidate on principle

if they have not come out. She was not very visible, part of the Remain

campaign. Some people are saying, we're heading out of the EU, we

should have someone on the Leave side. That is Michael Gove's point,

only someone campaigning to leave should be the person. If you are

looking at this from the business community, international markets,

people are looking for what type of approach will the winner take? The

view around Michael Gove, he would have pretty strong red lines, happy

to leave, would not do a deal on the free movement of labour. With

respect to him, excepting regulation, he would happily walk

away. People may think Theresa May may take a more pragmatic approach.

We don't know anything about any of them. They cannot make promises

about the negotiations until EU use says, we will talk to. -- de EU

says. We went into the vote, with nobody asked what would happen in

the next day. Would you trigger article 50, then negotiate? It will

be interesting to see, what actually happens, in terms of the candidate,

who will make compromises? The basic decisions, very far apart, will you

accept regulations? The outcome is somewhat binary. Unless there is a

massive compromises? I think what he say is right. Of course the Brexit

negotiations are a key part of the next number of years. Probably about

a decade or so. Very interested to see Michael Gove's launch speech, he

cast himself as a radical reformer. Let's build on the green belt,

reform capitalism, Tarrabt evolution, make a radical proposal.

-- tear up devolution. Theresa May is the continuity candidate. A

distinctive choice emerging. Interesting to see what Andrea

Leadsom does. She has not come out of the woodwork. Difficult to find

an issue that has more significance than the relationship with the EU. A

lot of changes in the centre position of government. People seem

to be in the political periphery getting elected, doing things

different. You have to make a choice on this issue. Very rare case, where

it will make a difference. Let's look at George Osborne, what he

announced today. The 2020 fiscal targets, pretty central target and

principal of his. We would be back in the black in five, four years'

time. Michael Gove has said this is fine, although he said they will not

be an economic impact. Clearly this is one. There has been an economic

impact. You can look at the markets, take them seriously or not. In one

sense, not the most important thing, even if you think they are

important, what is is investment and jobs, how people feel their wages.

Clearly there is concern. The first move of the Bank of England, saying

we will make monetary stimulus, injecting cash into the system. The

government has said we will not take cash out of the system, with fiscal

stimulus. The government is concerned, all sides are agreeing,

that would suggest they are all concerned. The idea is to throw as

much of the economy -- as much at the economy. Surely that just pushes

the pain further away? We are used to this target being pushed back. In

2010, the original target was 2015, by 2011, 2017, now shelved

altogether. Quite interesting counterintuitive commentary coming

out. The idea that having economic rules, it is for the graveyard,

anachronistic. You look at Golden brown's golden rule, the EU

stability pact. John Major's experiment with the exchange rate

mechanism. They always fall apart. Perhaps abandoning the surplus

altogether, you tell me? You can only borrow for so long. It is a

basic principle. The last time we decided the basic principle of

economics did not apply we have the crash. We cannot borrow forever. If

you are borrowing and investing, that can create growth. If you are

taking money out of the country not investing, that can contribute to

recession. There seems to be a unanimous feeling, not the time for

austerity. Interest rates may be cut again. Historically low for such a

long time. What do they do about taxation? Likely to stay the same,

anybody daring to raise taxes? Unlikely anyone would dare to. A

very precarious time for the new Conservative leader and Prime

Minister. Theresa May has a very suggested to assure the markets, and

the rest of the global community, she's not planning to call a general

election immediately. Unlikely anyone in the new job in number ten

will want to rock the boat by hiking taxes. Anymore than it rocking.

Daily Mirror. Yes! Wales 3-1 Belgium. Extraordinary achievement

by the Welsh side. Never gone further in a major competition. So

many people, as the only home nation left, willing them to do well.

Absolutely, I had a text from my boss, saying seven years growing up

in Swansea as a boy, part of his Welsh heritage. I am not a great

sports fan, that he cannot get excited by the story of an underdog,

smaller nation. Like Leicester, I feel I could get interested in

football after seeing this. You need to pick a team on the margins, that

could do well. Many to choose from. A great story. I am not a major

sports fan, these kind of stories grab my interest. 3-1, decisive

victory, not stolen. The last goal out of the textbook. Not all down to

Gareth Bale. They last got to the quarterfinals in 1958, the World Cup

played in Sweden, knocked out by Brazil, helped by Pele. There you

go. All that came from Robert Allen, producing. That is it, Lucy and Tom,

thank you very much. All of the papers I run our website. To run

through them again, senior Tories rushing to pledge their support to

Theresa May in the Conservative leadership contest. Telegraaf

newspaper saying Andrea Leadsom posing a big threat to the Home

Secretary. The Daily Mirror pokes fun at Michael Gove's campaign as

well as Wales' historic victory against Belgium this evening. You

can find the front pages online, there is a recording of this review.

Seven days a week on the BBC website. Coming up next, time for

the weather.