28/07/2016 The Papers


28/07/2016

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

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With me are Miranda Green from the FT and Laura Hughes,

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Political Correspondent at the Telegraph.

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Tomorrow's front pages...starting with...

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The Telegraph says the government is thinking of calling time

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on airport drinking to crack down on unruly in-flight behaviour.

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The Metro leads with the news of job cuts and branch closures at Lloyds.

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The Financial Times reports signs of an economic slowdown in the wake

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of the vote to leave the European Union, although it says

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The Mirror's front page is dedicated to long waiting times

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The Guardian leads with the news that the board of energy firm EDF

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The Daily Mail says some patients are being denied cataract

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operations. The Guardian leads with the news

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that the board of energy firm EDF That is where we will begin with the

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EDF deal to build the new Hinkley Point planned in Somerset. It is

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costing ?18 billion. Here is the Financial Times. EDF finally

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approves nuclear plant. It looked like it would be a straightforward

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story but no. It gets more and more complicated. Today, we had a

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dramatic twist in the tail because the French board of EDF which is

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majority owned by the French state and an enormously important company

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there did approve the project even though it is controversial. They

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voted to go forward with this ?18 billion investment, joint investment

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with the UK Government. There are Chinese investors as well. But then

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Greg Clark who is in charge of this merged business and energy

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Department and is a very important minister in the new government said

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we will review it. Stunned faces both here and in France where it

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literally, the board members of EDF were touring television studios to

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give the glad tidings, or not such glad tidings for the French, and

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they had to pull out of the interviews and try and work out what

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the British Government are doing. A final decision will not be made

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until the autumn. One EDF member resigned. It was not an overwhelming

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yes. Not a resounding victory for the board members. We know David

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Cameron supported it and George Osborne went to China and came back

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with the money, it was a huge success. Theresa May has not come

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out and spoken in favour of it. This is a bit bizarre. People have

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suggested they have tried to play down and say we did not expect them

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all to agree this soon and perhaps Britain has not had much time. But

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it has been years. Could it be that the government has changed their

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mind? It is hard to know what is happening. Greg Clark has made warm

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statements about the project and his own backing for it going ahead. As

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you say, it is on all the broadsheet front pages. It would be the first

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nuclear power plant to be built here for 27 years. A huge moment in our

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energy policy. The stories suggest that there are a background briefing

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saying it does not mean it is off. A lot of people in France are worried,

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the French unions, this could cripple EDF unburden the French

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economy. It is a state-owned company. Who knows what is going on

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behind-the-scenes. They may want to delay it. There is the controversy

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that people feel nuclear power poses although it is considered as clean,

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there are all the decommissioning -- decommissioning costs. Post Brexit

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vote slowdown, winners and losers according to this paste. They are

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saying a general slowdown will be coming. Everyone is worried. There

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are people who are doing well, people who are exporting because the

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sterling has depreciated and they are enjoying business. Bizarrely

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companies like dominoes have seen double-digit profits, booming food

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delivery market which suggest that some necessities that people need

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will do OK. Is that your daily staple? In what sense is pizza

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delivery as staple? The explanation is that in times of economic trial,

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what is known as discretionary spend by companies and households feels

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the pinch. We carry on buying food and utilities that all the things we

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need but we might not splash out and that is why you will see a head and

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for companies, what the story says, very interesting, confirming what we

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thought, advertising is taking a huge hit and that is for a company,

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discretionary spend. Experts say and it is probably advertising experts,

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say you should advertise in the bad times. They would say that, wouldn't

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they? Unfortunately that message does not seem to be getting through.

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One of the companies that has those huge electronic audience, they will

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be cutting back because people in business are not spending the money

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on advertising. Rolls-Royce are expected to gain but not according

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to this article quite so much. There will be individual cases that do not

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fit the pattern. They are an important exporter but they had

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complicated hedges against currency movements and they did not go well.

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Their figures do not look good. Pizza wins by and large. Other

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companies beside the one we mentioned, Metro, bank jobs cull as

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profits soar. But Brexit is being blamed for the job cuts and the

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closures of the branches. It talks here about voting to leave the EU

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triggering a downturn but it seems Lloyds are pre-empting it. This is

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an interesting story. There will be controversy now every time there is

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a negative story about the economy or business if someone mentions

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Brexit because the pro-Brexit lobby will say they are crying wolf and

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trying to blame their problems on Brexit and of course those who were

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recommending against a vote to leave the EU will say here we go. It is

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controversial on that level but the more substantial story about what is

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happening to our High Street banks is interesting. They are speeding up

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their decision to close branches and they point to lose a lot of jobs,

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cut a lot of jobs and their profits are up, largely because they are not

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having to pay out on PPI and they are healthy and making cuts. They

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are now 1500 communities with no local bank branch and there is an

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interesting question as to what is a retail bank for. Lots of businesses

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migrating online, saying people are doing online banking, why do we need

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branches? Rural areas, for older customers, it is a controversial

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move. Sometimes you want to go into a branch, if it is something more

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complicated to deal with and it is reassuring but if people are not

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using them,... You could argue that 11 million people every year used

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internet banking. If you can save money by doing that and you are

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running a bank, you can understand, it is a generational thing and I

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think it will gradually change. There will be elderly people,

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particularly living in small villages and communities who will be

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an uproar. My grandmother would not know what to do if I told her to go

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online. They want cash for safety. Interest is low. That is part of the

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problem and why the banks are in trouble because of low interest

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rates. Shall we move onto the Guardian? No going back on open-door

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refugee policy says Angela Merkel. This is probably going surprise

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people given the appalling incidents of violence that we have seen in

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recent times where people have made big connection rightly or wrongly

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between a large influx of newcomers and thinking that Angela Merkel

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might decide to do an about turn. Or even say that she felt guilty. She

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said that she does not feel guilty and famous phrase, we can still

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manage and do this. For a few people, who want to destroy what

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Germany is about and destroyed this open arms unwelcoming forward

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thinking approach, these few people that want to ruin that, she is

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saying, if I give in, then they win. If everyone in Europe closes their

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doors because a few individuals commit appalling acts of terror,

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then they went and she is saying, this has to continue. It would look

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a bit strange, but she said today they need to increase security

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measures, they need to have tighter controls on the web messaging and

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online sales of arms. A lot of these attacks are so sporadic, they are

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hard for anyone to pick up. It is really difficult for her. She did

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bring this press conference forward by one month because she knew that

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she had to confront the idea that her personal decision, back in

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September, to declare what amounts to an open border policy was being

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blamed for these attacks and she knows that she has to account for

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herself on this decision, but she is standing firm on it which I think is

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quite surprising given the level of the attacks. People are not happy,

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people in Germany are furious and they are thinking, you have done

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this. It was a German born teenager. Like France, France has had it just

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as bad, even worse perhaps, this experience of the loan will for the

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alienated teenager, latching on to the idea of IAS, absolutely, how do

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you control, it is hard for all countries. Daily Telegraph, last

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orders for airport drinking. Well, this is going to cause ructions, a

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lot of people setting off on holiday, does not apply yet, but it

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is a review, how likely is it to be seen through? It is the new aviation

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Minister. We do have a new government, new ministers, some of

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them will have bright ideas and here is one, a bright idea to crack down

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on disruptive passengers who are boozed up before they get on the

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plane. Then they carry on on the plane. It is fierce the crackdown he

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has suggested, he is suggesting travel bans, that people should be

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made to pay for the damage they would cause. The more controversial

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bit is that he wants to review the licensing and controls in airports,

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that tanking up in between. You do not like a pint with your breakfast?

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People will think, hold on, I have never misbehaved, why should I be

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punished? There is the argument, this is the nanny state, if a man or

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a woman started their holiday, it might be five in the morning, if

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they want a drink, then why should they not have one? There is also the

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argument that if you have small children undergoing an whole day,

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the last thing you want is to be sat near a stag do you have been

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drinking since four o'clock in the morning. You do not want to penalise

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the well-behaved drinkers. That is --

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T -- hat's it for The Papers tonight.

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Don't forget all the front pages are online on the BBC News website

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where you can read a detailed review of the papers.

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It's all there for you - 7 days a week and you can see us

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there too, with each night's edition of The Papers being posted

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on the page shortly after we've finished.

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Thank you to Miranda Green from the FT and Laura Hughes,

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good evening. It has been a mixed day with warm weather in the South,

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25 degrees or so, heavy showers as we ended the day, the show is eased

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and beautiful rainbow pictures sent in by our weather watchers. This was

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taken in London

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