05/07/2016

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:00:19. > :00:21.Hello and welcome to our look ahead to what the the papers will be

:00:22. > :00:24.With me are Hugo Rifkind, Columnist at The Times

:00:25. > :00:33.The Financial Times, which has on its front page

:00:34. > :00:35.the likely Democratic presidential nominee, Hilary Clinton,

:00:36. > :00:37.who today discovered that the FBI would not be recommending criminal

:00:38. > :00:40.charges be brought against her over her use of private emails

:00:41. > :00:46.The Daily Express leads with a story on the rise in the number

:00:47. > :00:48.of migrants and refugees entering the EU by sea.

:00:49. > :00:50.Quoting the International Organization for Migration,

:00:51. > :00:52.the paper says the figure has soared by 60%

:00:53. > :00:54.'Meltdown' reads the Metro's headline,

:00:55. > :00:57.with a story about how commuters who use Southern rail services

:00:58. > :00:59.are losing their jobs because they are unable to get

:01:00. > :01:06.to work due to cancellations and delays.

:01:07. > :01:08.The Daily Star leads with Wales's historic Euro

:01:09. > :01:09.semi-final against Portugal tomorrow night, the biggest match

:01:10. > :01:17.The Guardian has on its front page a warning

:01:18. > :01:20.from the Bank of England that risks to the economy have

:01:21. > :01:26.Theresa May's overwhelming victory in the first

:01:27. > :01:29.round of the contest to become the next Conservative leader

:01:30. > :01:33.and UK prime minister is the Daily Telegraph's lead story.

:01:34. > :01:41.The Daily Mail also leads with the Home Secretary's victory,

:01:42. > :01:46.speculating over who will clinch the second spot in the ballot. The Times

:01:47. > :01:52.also has more about the race to become the next Prime Minister. We

:01:53. > :01:55.start with the Daily Telegraph, Theresa May coming out of number

:01:56. > :02:02.ten, she has not got the job yet, but she is in pole position, to lead

:02:03. > :02:07.the party. She is storming ahead with the MPs, 165 votes from the

:02:08. > :02:13.MPs. Andrea Leadsom is following on 66, Michael Gove on 48. Some

:02:14. > :02:19.suggestion that some of Michael Gove's support might be coming from

:02:20. > :02:25.Theresa May's supporters because I would rather she fight him rather

:02:26. > :02:30.than Andrea Leadsom -- they would. It now depends on the membership,

:02:31. > :02:33.when the MPs have voted it goes to the mass membership of the

:02:34. > :02:37.Conservative Party, the first time a sitting Prime Minister will have

:02:38. > :02:42.been put into office by a mass vote amongst party membership. That has

:02:43. > :02:47.never happened. People are not sure what the Tory membership will do.

:02:48. > :02:55.70% of them voted Brexit, Theresa May was backing, albeit softly,

:02:56. > :03:01.Remain. That being said, they could do anything, they also voted for

:03:02. > :03:04.Iain Duncan Smith. Or are they? Since then we have at the rise of

:03:05. > :03:11.Ukip, and some people believe many of them are the extreme wing of the

:03:12. > :03:16.Conservative Party, they have melted away to Ukip, now you have a

:03:17. > :03:22.centrist party. David, the thing is, Theresa May, she was Remain, but she

:03:23. > :03:27.has made it clear that if she gets the top job she will carry through

:03:28. > :03:31.the will of the people. That will persuade people in the party who

:03:32. > :03:34.might be worried? Yes, she was fought Remain, and that was about

:03:35. > :03:42.all she did in the referendum campaign. -- she was four. It is a

:03:43. > :03:45.mystery to some of us, if you were inside Downing Street, and you knew

:03:46. > :03:51.the Prime Minister had put your head above the parapet like David

:03:52. > :03:57.Cameron, you might resent one of your most senior ministers saying

:03:58. > :04:01.they were in favour of a Remain and then disappearing on a sabbatical,

:04:02. > :04:12.as it appeared. How will that go down with the majority of Tory

:04:13. > :04:18.members who voted out? Anecdotally, in the West Midlands, I was well

:04:19. > :04:25.aware last weekend of what some Conservatives from Warwickshire

:04:26. > :04:30.thought about Theresa May's performance in the referendum

:04:31. > :04:36.campaign. Even though they won? Yes, absolutely. They did not see her as

:04:37. > :04:42.part of winning. And now to the Guardian. We all have those moments

:04:43. > :04:46.when we say things which we hoped would not get out there in the

:04:47. > :04:50.public domain. Twitter has allowed people to say many things and hide

:04:51. > :04:59.behind the shield of anonymity. Kenneth Clarke and Malcolm Rifkind.

:05:00. > :05:06.Parents, what are you going to do? That is your dad. This is a great

:05:07. > :05:11.story. Ken Clarke, and Malcolm Rifkind, they were doing interviews

:05:12. > :05:14.on Sky News, and they had a chat, thinking they were not being

:05:15. > :05:18.recorded, and they were being recorded. Everyone thinks because

:05:19. > :05:23.they did not know they were being recorded and they said these

:05:24. > :05:27.interesting things, they must have been things they wish they hadn't

:05:28. > :05:34.said. In fact they have said the same thing on air, on the record and

:05:35. > :05:37.Ken Clarke said Michael Gove was behaving like a student politician

:05:38. > :05:43.early in the way, which is not that much different from what he said

:05:44. > :05:51.today. Both of them have said that they are not fast at all. -- fast.

:05:52. > :05:57.It does matter. What they said was not matter at all, it would seem,

:05:58. > :06:06.and Ken Clarke, 75, he would not care. I would expect that. But I'm

:06:07. > :06:12.still, as an old-fashioned journalist, uneasy about the way in

:06:13. > :06:17.which this generation private conversations without too much of a

:06:18. > :06:22.question seemed to be accepted that they go into the public domain, if

:06:23. > :06:27.they turn up. I find that slightly uneasy. What it does for trust in

:06:28. > :06:30.our country, which I think is something which certain elements of

:06:31. > :06:39.the media bang on about, quite a bit. It is something. Going back to

:06:40. > :06:44.what Ken Clarke did say. It was fun. LAUGHTER

:06:45. > :06:48.He said with Michael Gove as Prime Minister we would go to war with at

:06:49. > :06:53.least three countries at once. Andrea Leadsom, he said so long as

:06:54. > :06:55.she understands she is not to deliver on the extremist you good

:06:56. > :07:03.things she has been saying. Regarding Theresa May, she is a

:07:04. > :07:09.bloody difficult woman, his words, but you and I, talking about your

:07:10. > :07:14.dad here, you and I worked with Margaret Thatcher. That is meant to

:07:15. > :07:22.be a condiment. Theresa May comes out of this quite well. -- a

:07:23. > :07:26.compliment. Strong and resolute, the kind of person who might be able to

:07:27. > :07:32.lead the country through the rigours of Brexit. I want to know the three

:07:33. > :07:37.countries that Michael Gove might lead us to war against. Is one of

:07:38. > :07:44.them Scotland? LAUGHTER And now to another story. Brexit

:07:45. > :07:49.fallout fears gripped the market. Some of us were aching today for

:07:50. > :07:57.Mark Carney, the governor of the Bank of England, to use the words I

:07:58. > :08:00.told you so, but he didn't. Here we have the concerns that he has

:08:01. > :08:07.expressed today, especially interesting. I have no memories

:08:08. > :08:13.during the Brexit campaign of Boris Johnson or Michael Gove telling us

:08:14. > :08:17.that forecasting a 31 year low of the pound against the dollar, that

:08:18. > :08:24.was not part of their forecasts, but still, that is where we were today.

:08:25. > :08:28.A special concern, the governor was saying about commercial properties,

:08:29. > :08:33.let alone domestic properties, the price of houses. Very sensitive

:08:34. > :08:41.issue. For a Conservative government. Hugo, the more we talk

:08:42. > :08:47.about this, Jacob freeze Mogg was on the news channel, saying he blames

:08:48. > :08:51.the BBC -- Jacob Rees Mogg. My eyes rolled around the roof was we are

:08:52. > :08:59.talking this up, that is the suggestion. Is that part of the

:09:00. > :09:05.problem? I blame Jacob Reeves Mogg for this happening and the rest of

:09:06. > :09:13.his Brexit crew. -- Jacob Rees Mogg. The pound is at $1 32, that is very

:09:14. > :09:17.bad. What irritates me, the pound is way down, the FTSE is slightly up,

:09:18. > :09:20.people say it can't be that bad. People need to understand the link

:09:21. > :09:28.between a plummeting pound and the FTSE going up. The FTSE is made up

:09:29. > :09:31.of British companies, yes, digging things out of the ground in Africa

:09:32. > :09:35.and selling things in dollars to the Chinese. If it becomes cheaper to

:09:36. > :09:45.buy into British companies, that is the fact. But the sky has not fallen

:09:46. > :09:52.in, those who voted for Brexit would say. Two weeks? We are not going to

:09:53. > :09:56.come out of the European Union, for two years, minimum. We will not have

:09:57. > :10:03.concrete figures on the real short-term effects of Brexit until

:10:04. > :10:05.November. Just to observe, Mark Carney is an impressive man, isn't

:10:06. > :10:12.it? When he gives these performances. Jacob Rees Mogg did

:10:13. > :10:19.not think he was. As Mark Carney said last week, he said, tell me

:10:20. > :10:22.which bit was I wrong about? On the Daily Mirror, Judgment Day, the

:10:23. > :10:30.Chilcot report, long delay, comes out tomorrow. Tony Blair is ready

:10:31. > :10:37.for a blistering attack. It is a big day, after the scandal of the report

:10:38. > :10:42.that is seven and a half years behind schedule, the original

:10:43. > :10:50.schedule. You can only imagine the 179 families who lost their loved

:10:51. > :10:56.ones in the war. We are promised there will be the answers to the big

:10:57. > :11:03.questions about the intelligence services, yes, and the military and

:11:04. > :11:07.work they, actually responsible for the equipment they did or did not

:11:08. > :11:13.have -- were they. And that is before you get to the politicians.

:11:14. > :11:19.This will centre on Tony Blair, of course, and no one would argue that

:11:20. > :11:27.the intelligence was wrong and that you have a situation where he

:11:28. > :11:33.himself will have to say this was wrong, that was wrong, and the

:11:34. > :11:39.other. Very quickly, is this Jeremy Corbyn's finest hour? It could be.

:11:40. > :11:42.If you look at what has been happening in the Labour Party, the

:11:43. > :11:47.coup that has not happened, this is why. They could not hit him before

:11:48. > :11:52.Chilcot, because if they are undergoing a leadership contest and

:11:53. > :11:55.he turns out to be the great point man on Chilcot, attacking Tony

:11:56. > :11:59.Blair, then he soars, we will see what happens. You are going to

:12:00. > :12:05.France tomorrow for the big day? Yes, lucky guy. I've been brushing

:12:06. > :12:13.up my Welsh credentials, I got the name for it. -- I've. They've been

:12:14. > :12:19.fantastic. In what they have achieved, the Welsh national team.

:12:20. > :12:22.You can argue how they have done it, but the great thing, they have a

:12:23. > :12:27.serious chance of actually winning. Amazing. Everyone will be watching

:12:28. > :12:31.the game tomorrow, and Chilcot. Busy day.

:12:32. > :12:35.Don't forget all the front pages are online on the BBC News website

:12:36. > :12:38.where you can read a detailed review of the papers.

:12:39. > :12:41.It's all there for you - 7 days a week at bbc.co.uk?papers -

:12:42. > :12:44.and you can see us there too - with each night's edition

:12:45. > :12:47.of The Papers being posted on the page shortly