27/10/2016 The Papers


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.

Similar Content

Browse content similar to 27/10/2016. Check below for episodes and series from the same categories and more!



Hello and welcome to look ahead at what the papers will be bringing to


us tomorrow, with me, his Jason Eaton and Robin Curtis from Society


of British economists. Let us start with tomorrow's front pages.


Starting with the express. The Express leads with news


that the economy has grown in the three months since the vote


to leave the European Union. The Financial Times also


goes with the economy - focusing on Nissan continuing car


manufacturing in the North East . The Guardian leads


with the same story - saying it will be a boost


for Theresa May . The i says rival manufacturers


could also ask for help from the government to cope


with the pressures of Brexit The Times says that they gave Nissan


a written promise to protect them from the problems of Brexit. And the


NHS only gets back half the money it is owed from foreign patients. And


the Daily Mail leads with a same story, calling it a sick joke.


So we have to start with Nissan. Jason, the Times thinks it can


answer that question about what assurances if any, are given by


Nissan. First of all on the face of it this is very good news, if you


are in Sunderland this is excellent news, your job is secured. You could


argue that this is due to the skilled workforce. Then you start to


think how did they get this deal, The Times is saying that Greg Clark,


the Business Secretary did a lightning trip to Japan in what


sounds like panic because Nissan was saying that the Mike Pollak because


of Brexit. This was only last month. He has managed to come back and this


has come back opaque and cloudy, saying we have some assurances to


Nissan, we are not going to tell you what they are, but they won't be


subject to punitive tariffs if we leave, when we leave the EU. Now it


looks like Nissan, probably knows more about what the government to go


shooting tactics up for Brexit than anybody else in the country. The PM


says they will not give a running commentary, they have definitely


given a running commentary to Nissan. Then there is this other


issue, the other sectors are going to say, Nissan is getting a decent


steel, why aren't we? That is going to cause problems and there is


another problem, if we are going to prevent Nissan from being subject to


punitive trade tariffs, that actually breaks EU law, because that


is state aid and were not allowed to do that. But if we are out of the


EU? It makes it harder to strike a new trade deal because they can save


can't do this and it is even harder under the WTO rules also to strike a


deal. So maybe what is on the face of it good news, a good amount of


post Brexit cheer, but have a long sting in the tail. It will be


fascinating to watch that. Let us move on, to the i. This sort of,


welcoming headline, comes on the same day as we had better than


expected GDP figures so what is not to cheer? It looks great, I had to


say, that the word 7000 jobs protected, global manufacturers set


also to demand UK Government protection. It has that feel about


protectionism, subsidies, inefficient, who is going to pay for


it. Just to say that is what it looks like. On the GDP figures, it


is great news, much better than expected, the world didn't collapse


after Brexit but it is all spending on services, the rest of the sectors


didn't do well at all and it is about the fact that wages have been


running ahead of inflation so people have got money in their pockets.


Now, it looks like next year, because of the big fall in the


pound, inflation goes up, wages won't go up so much, and so that is


going to be squeezed and really, unless companies are again to get


the sort of protection that Nissan has got, are they going to invest in


Britain, so we are worried about investment next year, we are worried


about consumer spending. Let us go to the Financial Times which


reports, on the conclusion of this stand-off, between the EU and Canada


over the trade deal, as do you read this? What is interesting is that a


trade deal, with Canada which I think was nine years in the making


almost collapsed completely because of a small region of Belgium with


3.5 million people, almost as many cows, didn't like it because they


said it was going to undermine workers' rights and also their


competitiveness in the agriculture sector. And the Brexiteers on the


verge of collapse shows Haskell erotic Europe is and this is why we


can't do business. The Remainers, said if they can't get this deal


through, which is actually not that complicated because it doesn't


include financial services, then what hope have we got striking a


trade deal. Nothing has changed much, it is quite interesting in


that respect but it does underline how difficult these deals are.


That's the EU still needs for major deals to go down not just with


national governments but with some countries down to regional


governments and that could be a problem when we start our long-term


the decisions with the EU. Lessons for our future negotiations? First


of all we don't have any trade negotiators, so we have two trained


them up and it is going to be really hard. Because when we do actually


try to negotiate, of course, small sections of countries are going to


have a say, it is going to be really, really difficult. A complete


change of subject, the Daily Telegraph, the NHS loses millions to


foreigners and the Health Secretary Jeremy Hunt is going to do something


about it. This is a National Audit Office report, and it is about


collecting money from foreigners that should be paid in the NHS. They


are saying that 500 million is what they should be collecting. They are


collecting about half of that. That sounds like wow, those nasty


foreigners that aren't paying their bills. But actually, the people in


the hospitals aren't collecting it, half of them don't even know the


rules and the other half don't think it is their job to collect it. I


think the really important point, is what is the budget for the NHS, it


is about ?118 billion, how much money are we talking about not


collecting? It is about ?250,000. Sorry ?250 million. It is not quite


that bad. But it is no .2% of the budget. It is a tiny amount,


delegate to send in squads of accountants, specialists, retired


doctors to collect the money. It will probably cost as much to


collect it, as they owe, I think this is a copout. Is this easy.


Actually, I'm going to stick up for the government which doesn't happen


very often. If you read the full report, it actually says that the


money being collected, from migrants was really low, it was something


like 73 million in 2012-2013. They have now done an incredible job of


going up to 255 million. And that is slightly below the target, but they


are actually making quite good progress, they also say and this is


really interesting, they actually have no way. Of precisely measuring,


how much we are owed by foreign visitors, and this aid is almost


impossible to calculate which makes the point of this story quite


difficult because it may not be as bad as it seems and it could be


worse. There is one other point which I would like to make which is


quite important, they talk about doctors and nurses not doing enough


to collect money, they said actually there is quite a big issue of Public


health. If you have somebody coming to this country with a very


contagious virus or disease, they need to get to hospital otherwise


they can give that to other people and you have a major public health


crisis. They are saying, that if you are making it seem like show us the


credit card. That is actually good stop people from getting the


treatment that they need and other people need them to get which is


quite important. The Guardian has another health story, a different


one about the male contraceptive jab which has been effective in trials.


This is quite a small study but has had quite rheumatic results. Well it


has earned on the face of it it looks pretty good, a good idea that


contraception should not be left to women taking pills. But I thought


some of the side effects were, a bit, might put some of the men. Some


side effects, depression, acne. One of them may not put them off,


increased the PDO. It doesn't quite make sense? But it may be tough, if


it gives you spotting this. Let us move on in fact back to the


Telegraph, which has in fact, a very amusing photo, they pumpkin, who


might remind you of somebody. There it is. A scary sight, this


Halloween. It is going wild on social media. People carving them,


even putting Donald Trump weeks. He's almost the same colour, and we


have only got ten days until the US election. And you can understand why


people think it is quite canny. Also Hillary Clinton with Michelle Obama


who has been giving her a real boost? She has, and it is amazing


how Michelle Obama has really come to the fore more recently, she was


always a great support and now she has her own person. She is really


helping Hillary a lot because women believe in Michelle Obama, she has


done a huge amount for women's. Yes, she has an appeal that Hillary


doesn't have, they deployed her today in North Carolina, a swing


state that has been Republican in the past. They think they can get it


this time around, she is Hillary's greatest asset. The Telegraph has


got another great photo on its front page, unexpected sovereign in the


banking area. Where is she? Visiting a Waitrose supermarket in pound bree


yesterday. It looks like she wishes she was somewhere else


. She seemed apparently especially cheered by the array of cheeses. And


there are some nice ones where she is smiling. And looks very happy to


be there, but a couple of the papers have picked up this very glum one,


which I think it is a bit unfair. We can see the smiling one, have the


Queen enjoyed a supermarket sweep. The day out, in the village built by


Charles. There is a story about her collecting Tesco Clubcard vouchers.


She is now again to Waitrose as well. Which of the photographs do


you prefer? I like the smiley one although I like the caption. Terry


very clever. That is just marvellous, thank you so much, don't


forget that all of the front pages are online. On the BBC News website.


It is all there for you, seven days a week, and you can see us thereto


with them posted on the page shortly after we had finished. The weather


is next.


Download Subtitles