:00:16. > :00:18.Hello and welcome to our look ahead to what the the papers will be
:00:19. > :00:22.With me are the Political Correspondent for the Daily
:00:23. > :00:25.Telegraph, Ben Riley-Smith, and the Deputy News Editor
:00:26. > :00:29.Tomorrow's front pages starting with...
:00:30. > :00:32.The Financial Times leads with the parliamentary report
:00:33. > :00:35.into the sale of BHS, which blames Goldman Sachs
:00:36. > :00:37.for helping the former owner Sir Philip Green
:00:38. > :00:41.The Metro also focuses on that same report into the collapse
:00:42. > :00:46.of the high street retailer, the report highlights
:00:47. > :00:50.Sir Philip's role in the sale - saying that his reputation
:00:51. > :00:52."as the king of retail lies in ruins".
:00:53. > :00:55.The 'i' goes for a sport-heavy front page, with the IOC's decision NOT
:00:56. > :00:58.to impose a blanket ban on Russian athletes at the Rio Olympics.
:00:59. > :01:01.It also pictures cyclist Chris Froome winning his
:01:02. > :01:08.On the BHS report, The Daily Telegraph highlights
:01:09. > :01:11.the MPs' calls for Sir Philip Green to be stripped of his knighthood,
:01:12. > :01:16.unless he pays the company's pension deficit.
:01:17. > :01:21.The Times newspaper has a similar front-page leading with the report
:01:22. > :01:30.into the BHS, as well as the severe delays at Dover. Meanwhile, the
:01:31. > :01:33.Guardian discusses Labour's Leader of the House of Lords withdrawing
:01:34. > :01:39.support for Jeremy Corbyn in the forthcoming leadership election. A
:01:40. > :01:45.relatively wide mix of stories for us to pick over tonight, which makes
:01:46. > :01:49.a change. We will start with the FT looking at the BHS fallout and what
:01:50. > :01:56.it might mean for Sir Philip Green, the former owner. MPs blame Goldman
:01:57. > :02:00.Sachs for lending credibility to doomed BHS deal. They allowed their
:02:01. > :02:07.reputation to be used to burnish his cell, didn't they? Yes, it is a
:02:08. > :02:12.tough day for Sir Philip Green tomorrow, this long-awaited MPs'
:02:13. > :02:18.committee report finally comes out. He is dubbed the unacceptable face
:02:19. > :02:22.of capitalism. The FT looks at an interesting part of this. Most of us
:02:23. > :02:29.think how on earth did this deal go ahead when the person he sold it to
:02:30. > :02:34.was manifestly unsuitable? Dominic Chappell bought BHS propound and had
:02:35. > :02:39.no retail experience. A former racing driver, a former bankrupt.
:02:40. > :02:44.The bit the FT pick out is Goldman Sachs is one of the most established
:02:45. > :02:47.banks in the country and they landed their credibility to the deal.
:02:48. > :02:53.Michael Sherwood, the cohead in Europe, the FT says, was involved in
:02:54. > :02:58.giving advice to Sir Philip and they point out it was a pup a wider range
:02:59. > :03:01.of advice on other business dealings. Attaching Goldman Sachs to
:03:02. > :03:05.the deal, their advice gave it this perception of credibility to
:03:06. > :03:11.something that should not have gone ahead. They say they only provided
:03:12. > :03:17.preliminary observations, but this report says they did not. Rather
:03:18. > :03:22.dryly the report says, we regret Goldman Sachs underplayed to ask the
:03:23. > :03:26.nature and extent of their role. Rather than these preliminary
:03:27. > :03:33.observations, there were 95 calls, meetings and e-mails between the
:03:34. > :03:39.executives and people trying to sell BHS. Quite a lot of contact after
:03:40. > :03:43.all. What difference will it make to the reputation of Goldman Sachs?
:03:44. > :03:50.They have been trying to get over the bad reputation they got after
:03:51. > :03:54.the crash of 2008. That is true and I am not sure their reputation has
:03:55. > :04:00.rebounded particularly fire since the crash and this will not help
:04:01. > :04:08.them get past these concerns. The Metro says Philip grid enriched
:04:09. > :04:12.himself at the expense of the store and he took a lot of money out in
:04:13. > :04:19.dividends. Hundreds of millions of pounds over the years when he was in
:04:20. > :04:24.control. His reputation as the king of retail lies in ruins, according
:04:25. > :04:28.to Frank Field, who before he appeared at the committee he was
:04:29. > :04:37.already quite damning about Philip Green. There is a certain sort of
:04:38. > :04:43.glee from Frank Field. Enthusiasm that his worst fears have been
:04:44. > :04:51.realised. There was a lot of hurling insults between them. Frank Field
:04:52. > :04:54.had indicated that Sir Philip needed to give back some of this cash to
:04:55. > :04:59.help the black hole in pensions even before he had begun to take
:05:00. > :05:04.evidence. Sir Philip said, I will not appear in front of the committee
:05:05. > :05:09.until he steps down. It seems for now Frank Field has had the last
:05:10. > :05:14.laugh and he has produced this incredibly damning report. The first
:05:15. > :05:17.is what happens to the 11,000 jobs that hang in the balance and this
:05:18. > :05:24.pensions black hole. Several hundred million pounds. 700 million is the
:05:25. > :05:32.bigger people are urging him to help contribute. The other thing is his
:05:33. > :05:35.knighthood. The Cabinet Office said last week that they would put it on
:05:36. > :05:43.review and that will not help his case. Let's talk about happier times
:05:44. > :05:46.for someone. Chris Froome gliding to glory, his third title in the Tour
:05:47. > :05:52.de France. He is getting used to that yellow jersey. Four minutes
:05:53. > :06:00.ahead does not sound a lot, but it is a long way ahead of your
:06:01. > :06:06.competitors. The dominance of Sky is quite stunning. In the last five
:06:07. > :06:09.years it has been won by an Sky cyclist and no Chris Froome has won
:06:10. > :06:14.it for the third occasion, twice in a row, the first Briton to win it
:06:15. > :06:20.three times and the first Briton to retain the title. The traditional
:06:21. > :06:24.cycling along with a glass in hand on the final day does not do justice
:06:25. > :06:29.to the enormous effort that this requires. He got knocked off his
:06:30. > :06:34.bike at one stage and had to run up a mountain. It is stunning. I think
:06:35. > :06:40.he had a beer as well as some champagne and why wouldn't you? One
:06:41. > :06:48.of only eight people who have won it three times. And he still was to
:06:49. > :06:54.carry on. God knows, you just want to go to bed and sleep for days. He
:06:55. > :06:58.has been better treated this year. He has not had the same level of
:06:59. > :07:04.concern and suspicion that he has had previously. It is pleasing to
:07:05. > :07:07.see because this is one of our supreme athletes who I do not really
:07:08. > :07:13.think gets the attention that he deserves. You could regard as
:07:14. > :07:20.progress not having your own thrown at you. It's a success. And not just
:07:21. > :07:30.him, but many other British athletes. The Olympics are coming up
:07:31. > :07:36.and in 2012 we won more medals than in any other category and I am sure
:07:37. > :07:42.they will want to repeated in Rio. The Telegraph, Dover ferry delays
:07:43. > :07:48.may last all summer long. If you are going across the Channel by ferry,
:07:49. > :07:53.that will not please you. Last thing for families who are planning their
:07:54. > :07:57.summer escape. The stories are phenomenal, 12 mile tailbacks, some
:07:58. > :08:01.people who spent Friday night and Saturday night in their car caught
:08:02. > :08:09.in this incredible problem. There are sneaky suspicion is that this
:08:10. > :08:16.is, quote, payback for Brexit. Hang on. It is a bit far-fetched. These
:08:17. > :08:21.extra security checks are in response to some series events in
:08:22. > :08:26.France, notably the attack in knees. They are and it is understandable
:08:27. > :08:30.why there has been greater security, checking coaches and cars as they
:08:31. > :08:39.pass. A large part of the blame is just sheer incompetence. They have
:08:40. > :08:43.not got enough staff. Clearly it is the security issue and it has been
:08:44. > :08:48.beefed up, but there are reports of how few people there are on the
:08:49. > :08:51.border. At one stage one French officer was checking passengers on
:08:52. > :08:58.hundreds of coaches and each coach took 40 minutes. So France are
:08:59. > :09:04.paying is back for Brexit and not deliberately putting people on? The
:09:05. > :09:08.president of the regional council quite often speaks up on these
:09:09. > :09:13.border issues and he said it underlines how Brexit would have,
:09:14. > :09:20.quote, consequences. We are getting ahead of ourselves. It it is a
:09:21. > :09:26.deliberate plan, it is not great. But from this side of the channel as
:09:27. > :09:35.well is it not surprising that more people were not told sooner do not
:09:36. > :09:41.travel, delay? Rather than sit on a motorway for 13 hours. Yes, why was
:09:42. > :09:46.there not an operation in place to alleviate this pressure. A second
:09:47. > :09:55.night of people stuck overnight in their cars with small children...
:09:56. > :10:00.Grim. A lot of them were British. As a consequence a lot of the queues
:10:01. > :10:06.have dissipated. The situation improved relatively quickly. The
:10:07. > :10:13.Times newspaper. Backlash after Olympic chiefs reject ban on Russian
:10:14. > :10:17.cheats. This is the IOC being accused of passing the buck, of
:10:18. > :10:24.dodging the decision that they had to make. Rather than issue a blanket
:10:25. > :10:28.ban on Russian athletes competing at the Olympics, they have said it is
:10:29. > :10:34.up to the individual sports to decide who should be allowed to
:10:35. > :10:37.compete. Within two hours the tennis authorities announced that all seven
:10:38. > :10:42.Russian tennis players were eligible for Rio. The reaction,
:10:43. > :10:47.understandably, from former athletes and no doubt athletes competing
:10:48. > :10:52.today is one of Bill disguised fury. Matthew Pinsent said it was a copout
:10:53. > :11:00.and James Cracknell accused the IOC of bottling it. It is a decision
:11:01. > :11:04.that rests with the IOC and they thought, it seems a bit hard for us
:11:05. > :11:10.to take this. Track and field athletes are not going. Yes, they
:11:11. > :11:14.are out, but people are getting in and the seven tennis players are
:11:15. > :11:18.already in and Russian sports Minister is saying out of bed 387
:11:19. > :11:23.strong team more than half will get accepted. We will see this mad
:11:24. > :11:29.flurry, it is not long to go, 12 days. But surely individually that
:11:30. > :11:36.is right? The people who are clean and who are not under suspicion? If
:11:37. > :11:41.you are a clean Russian athlete, why should you be tarnished by the
:11:42. > :11:48.illegal acts of others? On the other hand, if the IOC ever want to make
:11:49. > :11:52.an Olympics appeared clean, they have to take a stand. What message
:11:53. > :11:56.does it send when a state has been found to be running a drugs
:11:57. > :12:05.programme across borders if you just wave it and say individuals can take
:12:06. > :12:09.part. It is one thing to claim at an individual sport as we have seen in
:12:10. > :12:12.cycling, which went through terrible times, and seems to have got over
:12:13. > :12:20.the worst of it, it seems, but it is another thing if it is state
:12:21. > :12:25.sanctioned? There was a cloud over the Rio games, every time the
:12:26. > :12:30.Russians win a medal, I am sure that will happen. We look at other
:12:31. > :12:34.state-sponsored doping systems that were going on and those results are
:12:35. > :12:41.not trusted at all. Finally, the Guardian. Labour of's leader in the
:12:42. > :12:47.Lords abandon support for Jeremy Corbyn. This is Baroness Smith who
:12:48. > :12:53.has gone from being enthusiastic about Jeremy Corbyn to say, no, she
:12:54. > :12:59.is going to put her support behind Owen Smith. How significant is this?
:13:00. > :13:04.The leader of the party in the Lords does not support the leader of the
:13:05. > :13:09.party in the Commons. It is easy to say it is just another one. There
:13:10. > :13:13.are a lot of people frustrated with Jeremy Corbyn's leadership. But
:13:14. > :13:18.firstly she is elected by the Lords and she attends the Shadow Cabinet
:13:19. > :13:24.automatically. If Jeremy Corbyn wins, she will be sitting around the
:13:25. > :13:30.table. For her to say he cannot really do is significant. She
:13:31. > :13:34.absolutely takes a knife to the claim that he puts at the heart of
:13:35. > :13:41.the election campaign, look at my time in office, we won the tax
:13:42. > :13:45.credit reversal from the Tories. She said he did not play any part in
:13:46. > :13:51.that and he should not be claiming the credit for the hard work of
:13:52. > :13:56.others. She accuses him of not turning up for a lot of important
:13:57. > :14:00.meetings. She gives credit to Owen Smith working very closely with the
:14:01. > :14:05.Lords on the tax credits. She does not credit Jeremy Corbyn with that
:14:06. > :14:10.at all. It fits into an narrative. It seems to suggest that Jeremy
:14:11. > :14:15.Corbyn is not making difficult choices, presenting a policy
:14:16. > :14:19.platform, and other people have made the same claims over his economic
:14:20. > :14:27.policies. The economic gurus he brought in, they all left saying, we
:14:28. > :14:33.have not seen an alternative. How vocal have the Lords been about
:14:34. > :14:36.Jeremy Corbyn's tenure? Far quieter, they have not been going on
:14:37. > :14:41.broadcast shows to make their views known. For this reason they are
:14:42. > :14:47.automatically around the table with him on the leadership. As you say,
:14:48. > :14:52.there is a question, not just people saying I believe in his values, they
:14:53. > :14:58.are earnestly held, but it is his competence that is under question. I
:14:59. > :15:02.have heard stories of people not being able to get a policy decision
:15:03. > :15:10.out of him. He has got grassroot support. Yes, he has and that will
:15:11. > :15:18.not change. Angela Smith is furious at left-wing politicians who have
:15:19. > :15:24.been branded Blairite. That is it for this hour, but we will be back
:15:25. > :15:27.again at 11:30pm for another look at the news on the front pages. Meet
:15:28. > :15:28.the author is