04/08/2016 The Papers


04/08/2016

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 at what the papers will bring us

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tomorrow, with me broadcast and former football administrator David

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Davis and political commentator and former Labour director of

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communications land price. Tomorrow's front pages. Starting

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with the Financial Times. That headlines with the Bank of England's

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decision to cut interest rates to their lowest level since it was

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founded more than three centuries ago. A young woman who was stabbed

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during a knife attack in central London, which also resulted in the

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death of another woman, describes her ordeal in the Metro.

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Interest rates falling to an historic low. The Daily Mail focuses

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on the announcement of David Cameron's resignation honours list,

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saying it's an insult to voters. Dame Lowell Goddard's decision to

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quit as head of the public enquirer into institutional child abuse is

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featured on the front of the Guardian. The Telegraph has a

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picture of some of Russia's Olympic team after more than two thirds of

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the athletes in the country were given the all clear to compete in

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Rio. The Times headlines with the stepping down of the judge heading

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the child abuse enquirer, saying the investigation is now in crisis. --

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child-abuse inquiry. Starting with the Financial Times, this headline,

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Mark Carney issues stark warning with package to ease the downturn.

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Not just quantitative easing, not a reduction in interest rates, but a

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dramatic reduction in his prediction, the bank's prediction of

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economic growth. In so many ways we are in uncharted territory here.

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Post Brexit. It's against that background that today's statement

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from Mr Carney should be seen. The public perception, my instinct is,

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is that Brexit happened, Brexit won, day has followed, Knight has

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followed day. Life has gone on. Some of the papers whose aborted Brexit

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previewed it last week and the beginning of this week, here comes

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the bad economic news. My goodness there was plenty of it today, growth

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down, unemployment up. Saving is a nightmare. Your holidays are going

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to cost much more. Meanwhile there is a man sitting on a beach in

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Corsica, former Prime Minister, who seems, you know, you'd think he must

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feel very upset. Yet he thinks, eventually committee is going to be

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vindicated. We don't know yet. He may be vindicated in his predictions

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about the damage that will be done by Brexit, but his political

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reputation, that'll take a lot longer to recover, because it was

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his policy, his strategy, to have a referendum in the first place.

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Principally to try and resolve difficulties within the Conservative

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Party. We are seeing the cost of that. And the decision taken to vote

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for Brexit. Mark Carney is in a difficult position as governor of

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the Bank of England, he doesn't want to be seen to be talking down the

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economy. Some have accused him of that. He says, we have levers in our

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hands that can help with this. He's in no doubt about the seriousness of

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the situation and individual families will be a lot poorer. They

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say you can talk yourself into recession but no chance of the Daily

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Express doing that. The same story but rather a different take on

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exactly the same story with a headline Britain will succeed after

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EU exit, and the rate cut to boost economy. What Mark Carney's saying

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is we are teetering on the edge of recession, .1% away from the

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possibility of a technical recession, yet the Daily Express,

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who desperately wants us all to believe voting for Brexit was a good

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thing, tells us this is good news somehow. It does seem to be turning

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the facts on their head. Not necessarily anything new. The very

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first sentence, Britain will prosper out of the EU. The Bank of England

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confirms. Did they? I'm not too sure. No mention of the poor old

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sailors in all of this. We shall see, too early to judge. Onto the

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Guardian. A very different story but one that broke this evening a couple

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of hours ago now. The chair of the public enquirer into the

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institutional child abuse has resigned, Lowell Goddard from

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Auckland New Zealand was the third person in the chair. A 19

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resignation letter. The big question is, why? The one line resignation

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letter doesn't give us the answer to that question. Normally these

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letters are fairly lengthy. They explain the background to the

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situation and so on. This one didn't, which convinces me there was

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some pretty difficult conversations in person or on the telephone,

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between the outgoing chair rant Home Secretary. She's obviously very

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unhappy. All the press speculates it's because she came under

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criticism for having spent time outside the country, and the amount

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of money the whole thing is costing, having her as a New Zealand judge

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heading it. It strikes me if she was going to take on the job, knowing

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what the British media was like, she must have known this criticism would

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come, she should have made it clear, and the Home Office, how many days

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she was expected to work, how much it would cost. Do you really know

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what it's going to be like until it happens to you? As an individual you

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don't. The other interesting thing about it is she's gone immediately,

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she hasn't said, I'll hang on until you find somebody else to take my

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place, she's got immediately. It puts the government in a very

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difficult position. Also, the survivors, and the families of these

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survivors, who are feeling very let down. It's the former Home

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Secretary, the current Prime Minister, in a very awkward

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position. It has to be hugely embarrassing for the now Prime

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Minister, the former Home Secretary. She had quite a search to find this

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woman. It appears to have fantastic credentials, still has those

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credentials. It's quite remarkable she seems to have gone a day after

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the story broke in The Times this morning. As to the fact she had

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spent 44 days out of the country in addition to her 30 days holiday

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allowance. It is an extraordinary story. The sympathy there for the

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families is even more so tonight for what they are going through. One

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thinks there will be a lot more to come in that story. Chilcott may

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seem like a very rapid inquiry. The peerage story. All those leaks we

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now know were pretty much correct. David Cameron's resignation honours

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list was pretty much outlined. There are some quite unusual, not unusual,

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but very exceptional names. Including the chauffeur and a

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personal adviser that some call a stylist, to Samantha Cameron. Yes, I

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think this is another example of David Cameron's political reputation

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being tarnished as he leaves office. I think it does huge damage to the

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whole peerage system, the whole honours system, it does no credit to

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David Cameron for wanting to give gongs of one sort or another to

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people who work for him in various capacities, including his driver.

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Even the woman in charge of looking after the appointment process within

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Downing Street, though I'm sure she's absolutely first-class and

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impartial as a civil servant. It also damages the whole honours

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system more generally. People like my good friend here... David Davis

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OBD? Who got his OBD for the best of reasons. All of those people have

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received those. When the honour system is brought into disrepute, it

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tarnishes everyone. What I would say, Lance, is who advised this

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Prime Minister to go ahead with his honours list, when his two

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predecessors, Tony Blair, Gordon Brown, did not? There is a bit of me

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that thinks, is on a beach in Corsica, I'm sure enjoying himself,

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there's an element to me that thinks, does he really care about

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this? I'm sure he does. It has to have been his decision to do this.

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The Daily Telegraph as well just briefly, the Russian athletes being

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given the all clear to complete properly. -- to compete. This is the

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story it isn't the mass band that many were calling for. It's not. I

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have to say there is another side to this argument than what appeared

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very strongly in the British media are a couple of weeks ago. The truth

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is, no one has yet established that to ban everybody would be legal.

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Secondly, not much doubt that if you banned everybody, some innocent

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Russian athletes would have been kept out of games which some of them

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may have worked for their whole lives to take part in. That is the

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other side to the argument. The other side of the story in a sense,

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Lance. The Daily Express, an inside page. With Andy Murray struggling

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which way to hold the flag, appearing to hold it in front of

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Princess Ann. At the start. And the protests about the cost of the

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Olympics within Brazil itself. It was a great comedy routine with Andy

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Murray and the Princess Royal and Seb Coe on the end. Nearly getting

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his eyes poked out by our wonderful Wimbledon champion. A lot of anger

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on the streets of Rio about the cost of it all, and whether or not it's

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in the interest of the people of the city. Interestingly on the front of

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the FT, Sadiq Khan was calling into question whether or not the legacy

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from 2012 had done as much for East London as it was supposed to be

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doing. The whole business... It may be good for the nation itself, great

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for the pride of the nation itself, but for the people living in the

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cities where it happens... I was in Brazil 2013 and the World Cup in

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2014, absolutely no doubt the Brazilians wanted to stage the World

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Cup. The Olympics? Which is a much more convoluted, much more

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complicated, much more expensive venture, than the World Cup, it

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remains to be seen how keen, in the end... Because sometimes you get

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these protests, there were protests in London by the way, at the start

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of the games. But overwhelmingly, by the end, the general mood seems to

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be, at the time, this was OK. Brazil, I regret to say, are

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unlikely to win as many medals as home nations traditionally have done

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so. Tell you what, for a change of heart, to end on a lighter note,

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let's go back to the Financial Times. Apparently, planners have

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been given the green light for a $200 million luxury retirement home

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which comes with a tunnel through to Harrods. Who would have thought it?

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Are you putting in a bid? David is slightly closer to retirement than

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me and could afford it a little bit better. An outrageous slur! I expect

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a letter from your solicitor, yes. I agree. I also think he's got much

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better taste than to shopping habits. I could tell you about going

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up five floors of escalators inhabiting the days of Mr Al Fayed,

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the former owner. Have I time to tell the story? Kevin Keegan was the

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Fulham manager, we wanted him to be manager of England. I went to see

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Mohamed Al Fayed, he gave me a gold bar. The question was, could I take

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the gold bar of chocolate back to the FA in Harrods bag without a

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camera crew, who were always outside, noticing. You should

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definitely get a discount on your retirement. That's it for the papers

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this evening. Don't forget you can see all the front pages online on

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the BBC News website and read detailed reviews of the papers. It's

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all there, seven days a week. BBC .co .uk. / papers. A big thank you

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to David and Lance.

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