28/07/2016 The Papers


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


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


Political Correspondent at the Telegraph.


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


The Telegraph says the government is thinking of calling time


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


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


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


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


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


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


The Daily Mail says some patients are being denied cataract


operations. The Guardian leads with the news


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


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


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


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


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


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


majority owned by the French state and an enormously important company


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


the French unions, this could cripple EDF unburden the French


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


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


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


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


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


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


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


sterling has depreciated and they are enjoying business. Bizarrely


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


delivery market which suggest that some necessities that people need


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


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


what is known as discretionary spend by companies and households feels


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


a negative story about the economy or business if someone mentions


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


particularly living in small villages and communities who will be


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


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


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


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


refugee policy says Angela Merkel. This is probably going surprise


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


recent times where people have made big connection rightly or wrongly


between a large influx of newcomers and thinking that Angela Merkel


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


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


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


Germany is about and destroyed this open arms unwelcoming forward


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


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


doors because a few individuals commit appalling acts of terror,


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


the well-behaved drinkers. That is --


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


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


where you can read a detailed review of the papers.


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


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


on the page shortly after we've finished.


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


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


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


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


taken in London


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