23/11/2016 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 23/11/2016. Check below for episodes and series from the same categories and more!



STUDIO: Hello and welcome to our look ahead to what the the papers


will be bringing us tomorrow. With me are Caroline Wheeler, Political


Editor of The Sunday Express and Ben Chu, Economics and Business Editor


of The Independent. Let's have a look at tomorrow's front pages.


Welcome to the both of you. The Metro leads on the news that Thomas


Mair has been jailed for life after being found guilty of the murder of


the Labour MP Jo Cox. Her husband, Brendan said he had nothing but pity


for her killer. The Financial Times leads on the Autumn Statement - it


says the Chancellor has put aside twenty seven billion pounds as a


'Brexit shock absorber'. The Guardian has different figures on


the cost of Brexit - the paper says Philip Hammond has conceded that


Brexit will blow a fifty nine billion pound black hole in the


public finances over the next five years. -- 50 ?9 million black hole.


The Telegraph says Eurosceptic ministers have attacked the


government's budget watchdog after it had a doom and gloom forecast


post Brexit. "Britain's Match Fit for EU exit" - reads The Daily


Express headline. And The Times says the Chancellor is building for


Brexit - with a spending spree on housing, roads and railways. And


finally the i splashes lots of facts about the Autumn Statement across


its front page. Let's begin, we will start then, if we can, with the


Financial Times, they headline with this ?27 billion figure, which they


say is the Chancellor's shock absorber, is that a figure that we


have looked at, where did they get the number from? Under the new


fiscal rule, which he has designed for himself, he can read 50 billion,


at the end of parliament, he is due to be boring 25 billion at the end


of the particular fiscal year, it is the difference between what he is


borrowing and what he can borrow, and what the Financial Times is


pointing out is that he could effectively, if he chose to, if the


economy held up reasonably well over five years, he could go on a


spending splurge, just before the next election, 2020, jam tomorrow.


That could be the strategy. Bound by Sturridge are a little bit at the


moment, he will be able to rack the rules if things go as forecast. I


don't know if you remember when George Osborne was Chancellor, he


was going to loosen his belt before... Never worked out like


that! Economy kept underperforming relative to expectations and hopes.


There may well be a similar situation with Philip Hammond. The


thing to say is, for all the doom and gloom, these are just forecast,


plenty of express readers would point that out. When you are reading


the front pages and you have read a list of them there are, the


different newspapers have presented these figures in very different


ways. -- list of them there. The Financial Times was very much on the


remain side, the daily press was on the Brexit side, they have


interpreted them very differently. Funnily enough, seeing this headline


about this shock absorber, I want to say, isn't that incredibly sensible?


We've never left the European Union, we don't know how it'll all play


out. It seems a very sensible thing to do to make sure we have a pot of


money should we need to if there is a great deal of uncertainty and we


need to plug a hole somewhere, it seems like a sensible thing for any


cautious Chancellor to do. Do you think people were shocked by the


numbers today? As the FT points out, the economy's resilience has


confounded commentators home and abroad. In the past few weeks we've


been talking about all the good things in the economy. You've got to


differentiate between short and long-term, a lot of the forecasts


about the negative effects on Brexit, there were negative


short-term ones but also a lot of reports and analyses to say you've


got to look at the 2030 horizon, the 10-15 year horizon rather than the


next few years after. The economic consensus was very firm that it


would be negative. We do so much trade with Europe and it's hard to


imagine a new trade deals would come in and offset that shock. It would


be negative. What's interesting about the OBR's forecast, it accepts


that analysis. It says trade, exports and imports will be weaker


after Brexit. Than otherwise. They are going with the grain of academic


opinion. In essence what they are saying is we don't know what'll


happen, we can't forecast anything on a set of scenarios. We don't


know how many trade deals we'll do in 2019, what countries will come


forward. We don't know if we're going to leave the single market.


Whatever is ahead what you want is according to the sketch in the FT is


Captain Hammond in charge. If you've ever had the misfortune to be caught


up in an in-flight emergency, Philip Hammond is the one if you want


flying the plane. I don't mean he would fly it especially well but his


delivery of the Autumn Statement suggests there would be something


soothing about his voice on the tannoy as the aircraft began its


terrifying descent. One other line, with a little more inflection, than


if he was telling passengers the biscuits had run out. It felt a bit


like that, didn't it? All calm despite the terrifying figure at the


end of it all. The other thing to say about Philip Hammond, you made


it very clear from the beginning that this was going to be a very


different type of fiscal statement, he did not want to do George


Osborne, pulling rabbits out of hats, left, right and centre, and he


also said something that he said George Osborne was not doing, he did


not want to interfere in other departments decisions, his job is to


manage the rate of the economy and make sure we have a smooth Brexit,


he was not going to do anything exciting and he did not disappoint


us. Should we believe the front page of the Guardian, ?59 billion cost...


Based on forecast. The OBE are themselves have stressed the


uncertainty around their forecast, it is interesting to know that they


have decided to pluck this out, this analysis, and try to break down to


what extent this ?122 billion deterioration of the public


finances, how much of that is attributable to the economic shock


of Brexit. -- OBR. ?59 billion is the figure, how do they get to it,


two things, primarily, lower productivity, being out of the EU


will hurt the ability we have to grow, and also, migration, they are


very consistent about this, in the six Tuesday have been predicting


this, they say that higher internal migration, a lot of people are


opposed to that, they say that helps the economy to grow quicker and


hopes productivity growth. And that is the two reasons why it makes us


worse off. They have stuck with their analytical guns on this. The


other big story of the day... Moving on... The conviction of Thomas Mair


for the murder of Jo Cox, that was one of the big stories of the day.


Here is the front page of the Metro, which leads with a picture of


Brendan Cox, we all agree, he has been amazing throughout this, the


strength he has shown... And then the front page of the independent,


they have this more tightly cropped picture of Thomas Mayor, there you


go... Focusing on him, I wonder whether


that is a good front page to focus upon. -- Thomas Mair. It seems that


there has been a conscious decision made by some newspapers not to put


the focus on him, the Guardian puts a picture of Jo Cox in her wedding


dress, as does the Yorkshire evening Post. There has been a decision by


some editors, editorial teams, that they do not want to make this man,


who is described as a terrorist in many of the newspapers, the focus of


the peace. He was given a very rare life sentence, that means he will


die in jail. Actually, a lot of what we see, the words, the narratives


around it, are about the love and warmth that Jo Cox had expressed,


and the real feelings about her expressed by her own family. So much


love and warmth of her, actually giving him the oxygen, given that it


was his own hatred that destroyed this very bright light... Just


before I get you to comment on your paper, and why they have done that,


let me show you something we have had from the Yorkshire Post, we


don't have the front page but there is a tweet, of the front page, and


they go on to say, on the editorial, inside, that they are deciding not


to put him on the front page because he is not important, he is


forgotten, he has no power, he has been jailed for the rest of his


life, and good riddance. They lead with a picture of her in her wedding


dress. You can see where they are coming from, I respect the decisions


of those newspapers who have said, the focus should be on Jo Cox and


her family rather than this terrible man. I think you can argue the other


way as well, white supremacy is not the dying force, very sadly, that we


all hoped it was six months, one ago. It is. It is serious, not just


in the UK, look at what is happening in America, they are having rallies


in Washington where people are shouting "heil Trump" and in the


wake of the European referendum, race hate crimes have spiked, the


same in America. Face of a terrorist, that is the


justification. Look at it. Think about it. Not brush it under the


carpet and hope it will go away, confront it. That is a legitimate


editorial decision. That is the comment of the times, that they are


saying the far right is here, it is a growing threat, and we should be


wise to that. Yes, several really interesting bits. They are making a


stark warning that this is a real threat. Given that he did not


disclose any evidence on his own behalf or mount any defence, again,


yesterday, questions about his mental health, rather than the


nature of the terrorist atrocity committed. It is interesting the


focus has come back to that, but the times has an interesting follow-up,


they now suggest the police are looking for accomplished is in this


murder. Looking for the people who supplied the gun, and also, that the


killer left his affairs in order before the attack. There was a real


meticulous nature to the way he went about it. And also, the suggestion


that he was going to kill his own mother as well. A lot of questions


about how people become radicalised like this, in the same way as we


talk about Islamic radicalisation, do they self radicalised, are they


part of a bigger group, the way that you tackle them will be different on


the nature -- depended upon an HR of how they get into this state, we


have do have a serious look at how this is happening and not hope it


will go away. -- depending upon the nature of how they get into this


state. Thank you very much for joining us.


Download Subtitles