:00:24. > :00:31.STUDIO: Hello and welcome to our look ahead to what the the papers
:00:32. > :00:34.will be bringing us tomorrow. With me are Caroline Wheeler, Political
:00:35. > :00:36.Editor of The Sunday Express and Ben Chu, Economics and Business Editor
:00:37. > :00:37.of The Independent. Let's have a look at tomorrow's front pages.
:00:38. > :00:48.Welcome to the both of you. The Metro leads on the news that Thomas
:00:49. > :00:51.Mair has been jailed for life after being found guilty of the murder of
:00:52. > :00:54.the Labour MP Jo Cox. Her husband, Brendan said he had nothing but pity
:00:55. > :00:56.for her killer. The Financial Times leads on the Autumn Statement - it
:00:57. > :01:00.says the Chancellor has put aside twenty seven billion pounds as a
:01:01. > :01:02.'Brexit shock absorber'. The Guardian has different figures on
:01:03. > :01:05.the cost of Brexit - the paper says Philip Hammond has conceded that
:01:06. > :01:07.Brexit will blow a fifty nine billion pound black hole in the
:01:08. > :01:10.public finances over the next five years. -- 50 ?9 million black hole.
:01:11. > :01:14.The Telegraph says Eurosceptic ministers have attacked the
:01:15. > :01:25.government's budget watchdog after it had a doom and gloom forecast
:01:26. > :01:30.post Brexit. "Britain's Match Fit for EU exit" - reads The Daily
:01:31. > :01:33.Express headline. And The Times says the Chancellor is building for
:01:34. > :01:37.Brexit - with a spending spree on housing, roads and railways. And
:01:38. > :01:46.finally the i splashes lots of facts about the Autumn Statement across
:01:47. > :01:51.its front page. Let's begin, we will start then, if we can, with the
:01:52. > :01:57.Financial Times, they headline with this ?27 billion figure, which they
:01:58. > :02:00.say is the Chancellor's shock absorber, is that a figure that we
:02:01. > :02:08.have looked at, where did they get the number from? Under the new
:02:09. > :02:13.fiscal rule, which he has designed for himself, he can read 50 billion,
:02:14. > :02:19.at the end of parliament, he is due to be boring 25 billion at the end
:02:20. > :02:22.of the particular fiscal year, it is the difference between what he is
:02:23. > :02:25.borrowing and what he can borrow, and what the Financial Times is
:02:26. > :02:29.pointing out is that he could effectively, if he chose to, if the
:02:30. > :02:32.economy held up reasonably well over five years, he could go on a
:02:33. > :02:41.spending splurge, just before the next election, 2020, jam tomorrow.
:02:42. > :02:44.That could be the strategy. Bound by Sturridge are a little bit at the
:02:45. > :02:54.moment, he will be able to rack the rules if things go as forecast. I
:02:55. > :02:58.don't know if you remember when George Osborne was Chancellor, he
:02:59. > :03:02.was going to loosen his belt before... Never worked out like
:03:03. > :03:08.that! Economy kept underperforming relative to expectations and hopes.
:03:09. > :03:12.There may well be a similar situation with Philip Hammond. The
:03:13. > :03:15.thing to say is, for all the doom and gloom, these are just forecast,
:03:16. > :03:20.plenty of express readers would point that out. When you are reading
:03:21. > :03:23.the front pages and you have read a list of them there are, the
:03:24. > :03:28.different newspapers have presented these figures in very different
:03:29. > :03:31.ways. -- list of them there. The Financial Times was very much on the
:03:32. > :03:36.remain side, the daily press was on the Brexit side, they have
:03:37. > :03:40.interpreted them very differently. Funnily enough, seeing this headline
:03:41. > :03:48.about this shock absorber, I want to say, isn't that incredibly sensible?
:03:49. > :03:52.We've never left the European Union, we don't know how it'll all play
:03:53. > :03:56.out. It seems a very sensible thing to do to make sure we have a pot of
:03:57. > :04:01.money should we need to if there is a great deal of uncertainty and we
:04:02. > :04:05.need to plug a hole somewhere, it seems like a sensible thing for any
:04:06. > :04:09.cautious Chancellor to do. Do you think people were shocked by the
:04:10. > :04:13.numbers today? As the FT points out, the economy's resilience has
:04:14. > :04:17.confounded commentators home and abroad. In the past few weeks we've
:04:18. > :04:21.been talking about all the good things in the economy. You've got to
:04:22. > :04:25.differentiate between short and long-term, a lot of the forecasts
:04:26. > :04:27.about the negative effects on Brexit, there were negative
:04:28. > :04:34.short-term ones but also a lot of reports and analyses to say you've
:04:35. > :04:40.got to look at the 2030 horizon, the 10-15 year horizon rather than the
:04:41. > :04:43.next few years after. The economic consensus was very firm that it
:04:44. > :04:48.would be negative. We do so much trade with Europe and it's hard to
:04:49. > :04:53.imagine a new trade deals would come in and offset that shock. It would
:04:54. > :04:59.be negative. What's interesting about the OBR's forecast, it accepts
:05:00. > :05:02.that analysis. It says trade, exports and imports will be weaker
:05:03. > :05:09.after Brexit. Than otherwise. They are going with the grain of academic
:05:10. > :05:12.opinion. In essence what they are saying is we don't know what'll
:05:13. > :05:26.happen, we can't forecast anything on a set of scenarios. We don't
:05:27. > :05:30.know how many trade deals we'll do in 2019, what countries will come
:05:31. > :05:32.forward. We don't know if we're going to leave the single market.
:05:33. > :05:35.Whatever is ahead what you want is according to the sketch in the FT is
:05:36. > :05:38.Captain Hammond in charge. If you've ever had the misfortune to be caught
:05:39. > :05:41.up in an in-flight emergency, Philip Hammond is the one if you want
:05:42. > :05:44.flying the plane. I don't mean he would fly it especially well but his
:05:45. > :05:47.delivery of the Autumn Statement suggests there would be something
:05:48. > :05:51.soothing about his voice on the tannoy as the aircraft began its
:05:52. > :05:56.terrifying descent. One other line, with a little more inflection, than
:05:57. > :06:00.if he was telling passengers the biscuits had run out. It felt a bit
:06:01. > :06:06.like that, didn't it? All calm despite the terrifying figure at the
:06:07. > :06:08.end of it all. The other thing to say about Philip Hammond, you made
:06:09. > :06:11.it very clear from the beginning that this was going to be a very
:06:12. > :06:16.different type of fiscal statement, he did not want to do George
:06:17. > :06:20.Osborne, pulling rabbits out of hats, left, right and centre, and he
:06:21. > :06:24.also said something that he said George Osborne was not doing, he did
:06:25. > :06:28.not want to interfere in other departments decisions, his job is to
:06:29. > :06:32.manage the rate of the economy and make sure we have a smooth Brexit,
:06:33. > :06:36.he was not going to do anything exciting and he did not disappoint
:06:37. > :06:44.us. Should we believe the front page of the Guardian, ?59 billion cost...
:06:45. > :06:49.Based on forecast. The OBE are themselves have stressed the
:06:50. > :06:52.uncertainty around their forecast, it is interesting to know that they
:06:53. > :07:00.have decided to pluck this out, this analysis, and try to break down to
:07:01. > :07:04.what extent this ?122 billion deterioration of the public
:07:05. > :07:08.finances, how much of that is attributable to the economic shock
:07:09. > :07:12.of Brexit. -- OBR. ?59 billion is the figure, how do they get to it,
:07:13. > :07:17.two things, primarily, lower productivity, being out of the EU
:07:18. > :07:20.will hurt the ability we have to grow, and also, migration, they are
:07:21. > :07:25.very consistent about this, in the six Tuesday have been predicting
:07:26. > :07:30.this, they say that higher internal migration, a lot of people are
:07:31. > :07:38.opposed to that, they say that helps the economy to grow quicker and
:07:39. > :07:45.hopes productivity growth. And that is the two reasons why it makes us
:07:46. > :07:50.worse off. They have stuck with their analytical guns on this. The
:07:51. > :07:55.other big story of the day... Moving on... The conviction of Thomas Mair
:07:56. > :07:59.for the murder of Jo Cox, that was one of the big stories of the day.
:08:00. > :08:06.Here is the front page of the Metro, which leads with a picture of
:08:07. > :08:09.Brendan Cox, we all agree, he has been amazing throughout this, the
:08:10. > :08:18.strength he has shown... And then the front page of the independent,
:08:19. > :08:19.they have this more tightly cropped picture of Thomas Mayor, there you
:08:20. > :08:27.go... Focusing on him, I wonder whether
:08:28. > :08:32.that is a good front page to focus upon. -- Thomas Mair. It seems that
:08:33. > :08:36.there has been a conscious decision made by some newspapers not to put
:08:37. > :08:41.the focus on him, the Guardian puts a picture of Jo Cox in her wedding
:08:42. > :08:45.dress, as does the Yorkshire evening Post. There has been a decision by
:08:46. > :08:50.some editors, editorial teams, that they do not want to make this man,
:08:51. > :08:56.who is described as a terrorist in many of the newspapers, the focus of
:08:57. > :09:02.the peace. He was given a very rare life sentence, that means he will
:09:03. > :09:06.die in jail. Actually, a lot of what we see, the words, the narratives
:09:07. > :09:11.around it, are about the love and warmth that Jo Cox had expressed,
:09:12. > :09:16.and the real feelings about her expressed by her own family. So much
:09:17. > :09:21.love and warmth of her, actually giving him the oxygen, given that it
:09:22. > :09:29.was his own hatred that destroyed this very bright light... Just
:09:30. > :09:33.before I get you to comment on your paper, and why they have done that,
:09:34. > :09:37.let me show you something we have had from the Yorkshire Post, we
:09:38. > :09:42.don't have the front page but there is a tweet, of the front page, and
:09:43. > :09:45.they go on to say, on the editorial, inside, that they are deciding not
:09:46. > :09:49.to put him on the front page because he is not important, he is
:09:50. > :09:53.forgotten, he has no power, he has been jailed for the rest of his
:09:54. > :09:58.life, and good riddance. They lead with a picture of her in her wedding
:09:59. > :10:02.dress. You can see where they are coming from, I respect the decisions
:10:03. > :10:07.of those newspapers who have said, the focus should be on Jo Cox and
:10:08. > :10:14.her family rather than this terrible man. I think you can argue the other
:10:15. > :10:21.way as well, white supremacy is not the dying force, very sadly, that we
:10:22. > :10:26.all hoped it was six months, one ago. It is. It is serious, not just
:10:27. > :10:32.in the UK, look at what is happening in America, they are having rallies
:10:33. > :10:37.in Washington where people are shouting "heil Trump" and in the
:10:38. > :10:41.wake of the European referendum, race hate crimes have spiked, the
:10:42. > :10:44.same in America. Face of a terrorist, that is the
:10:45. > :10:52.justification. Look at it. Think about it. Not brush it under the
:10:53. > :10:56.carpet and hope it will go away, confront it. That is a legitimate
:10:57. > :11:01.editorial decision. That is the comment of the times, that they are
:11:02. > :11:06.saying the far right is here, it is a growing threat, and we should be
:11:07. > :11:15.wise to that. Yes, several really interesting bits. They are making a
:11:16. > :11:22.stark warning that this is a real threat. Given that he did not
:11:23. > :11:25.disclose any evidence on his own behalf or mount any defence, again,
:11:26. > :11:29.yesterday, questions about his mental health, rather than the
:11:30. > :11:38.nature of the terrorist atrocity committed. It is interesting the
:11:39. > :11:41.focus has come back to that, but the times has an interesting follow-up,
:11:42. > :11:46.they now suggest the police are looking for accomplished is in this
:11:47. > :11:50.murder. Looking for the people who supplied the gun, and also, that the
:11:51. > :11:55.killer left his affairs in order before the attack. There was a real
:11:56. > :12:00.meticulous nature to the way he went about it. And also, the suggestion
:12:01. > :12:02.that he was going to kill his own mother as well. A lot of questions
:12:03. > :12:09.about how people become radicalised like this, in the same way as we
:12:10. > :12:12.talk about Islamic radicalisation, do they self radicalised, are they
:12:13. > :12:16.part of a bigger group, the way that you tackle them will be different on
:12:17. > :12:19.the nature -- depended upon an HR of how they get into this state, we
:12:20. > :12:26.have do have a serious look at how this is happening and not hope it
:12:27. > :12:29.will go away. -- depending upon the nature of how they get into this
:12:30. > :12:33.state. Thank you very much for joining us.