03/01/2017 The Papers


03/01/2017

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Welcome to our look ahead to what the papers will be bringing us

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tomorrow. I'm joined by Charlie Wells. The FT

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looks at the abrupt resignation of Britain's ambassador to the EU, Sir

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Ivan Rogers, and says tensions with number ten led to his departure. The

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Daily Telegraph also leads with that story, reporting that Theresa May

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plans to pick a Brexiteer to replace him, somebody who backs the Brexit

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calls wholeheartedly, it claims. More on that story on the front of

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the times. Downing Street has been caught on the hop by the

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has claimed that by lunchtime has claimed that by lunchtime

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tomorrow bosses at the top FTSE 100 companies will have earned as much

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as most people do in a year. A warning from the head of the NHS.

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Hospitals are apparently colluding with ambulance chasing lawyers. And

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the story of the Chelsea football fans who have been charged with

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racial abuse is on the front of the Guardian. A man has been prevented

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from buying his dream home because developers will not let him park his

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van outside, according to the Son. Financial Times, Tipper, London's

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frustrated envoy resigns weeks before deadline on Brexit clause. It

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resign, three months potentially resign, three months potentially

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before article 50 is triggered. What is increasingly apparent, or

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unavoidable, is that we are looking at the front pages of all of the

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papers today. Brexit is going to be the big story. Our EU ambassador,

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Sir Ivan Rogers, has quit. As you mention, it is just the four Theresa

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May triggers article 50. I suppose you could argue that he felt he was

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due to stand up in the autumn anyway, that he felt that it would

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be better for somebody else to take over before that point and to see

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through the negotiations from the very beginning. However, this has

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caught a lot of people, not just number ten, but across Whitehall on

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the hop. I suppose the problem is speaking truth. His job was to say

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some rather unpalatable realities, to share some unpalatable realities

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with number ten. Last month, after the Brussels summit in December, he

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was the leading diplomat that suggested it might take Britain ten

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years to negotiate a trade deal. And even then it might not be ratified

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by the parliament, which wasn't popular at the time. I

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point is, he is saying that he is point is, he is saying that he is

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getting the vibe, he would not have used those exact words, but he was

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getting the vibe from other EU countries that it was going to take

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a while. He wasn't saying he thinks, was he? That is the role of late

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diplomat, to convey messages from foreign countries back into the home

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country. -- of a diplomat. To explain as truly as possible what

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appears to be going on. We see this word of the FT, frustrated,

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frustrated by the fact that perhaps frustrated by the fact that perhaps

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he wasn't being listened to. Politicians in other countries

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communicate very differently. For instance, in Germany, France, people

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are much more direct. Politicians tend to do the same. OK, the Daily

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Telegraph, Brexiteer as our man in Brussels. So is the implication that

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Sir Ivan Rogers was too pro-European and as a result he somehow wasn't

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being aggressive enough in convincing the French that they

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should give us what we all want? That is certainly a suggestion. In

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that negotiation, when he was attempting to get a deal ahead of

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the Brexit referendum, that Sir Ivan Rogers wasn't... Was possibly too

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ready to take no for an answer, and very much a status quo man. And that

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he was maybe too entrenched in what was going on. The flip side is you

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need your man in Brussels to know need your man in Brussels to know

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serious, heavyweight diplomats who serious, heavyweight diplomats

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have in very recent times, have have in very recent times, have

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left, have stood back from advising the Prime Minister on the European

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Union. We have Kim Derek in Washington... These are all people

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who, probably now if you had to make a list of runners and riders to take

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over, would be on that list. If they over, would be on that list. If they

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could be persuaded to come back. Will anybody want that job? It'll be

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the toughest diplomatic position for some time for Britain. This person

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will take the blame if things go wrong and won't get the glory if

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things go right. Is that what is going on? I wouldn't want to be in

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that position. From a journalistic perspective. I took issue with this

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story. It seemed to be moving the story a bit too quickly. For my own

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methods, there are so many anonymous sources in high-level paragraphs.

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What are you suggesting? I'm sure What are you suggesting? I'm sure

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the Wall Street Journal wouldn't do this.

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CHUCKLES I take issue with it. It makes me

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think that such a strong headline needs some sources on the record.

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This would never happen in America. Different papers. It needs to be

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pointed out that the Daily Telegraph is a Brexit newspaper. There you go.

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We will stay with the Daily Telegraph. The FTSE closes on fourth

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consecutive high. I know the Dow Jones is heading towards 20,000,

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which would be a record, as well. Everything going swimmingly. People

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are calling it the Santa rally. But you must remember that the stock

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market tends to be very short term. In the short-term people are

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optimistic, it seems like in the UK manufacturing is on the rise, we are

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heading towards a high in the stock heading towards a high in the stock

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market which we haven't seen since the late 90s. But we know what

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happened after that, there were crashes. The other thing the article

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weak pound. For manufacturers, in weak pound. For manufacturers, in

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the short term that is a good thing because it means that you can export

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your products. The FTSE predominantly is exported. Exactly.

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But when you have to start making things in Britain and import goods,

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a weak pound makes that very expensive. In the longer term it

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more positive about the British more positive about the British

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economy. You sound like the outgoing Brussels man. Hard truths. Speaking

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truth to power. CHUCKLES

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And all of that money sloshing around the markets means... Fat cat

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Wednesday. I haven't heard this term before. You know there is a day, I

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think it is sometime in November where women start actually taking

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home the money they earn because of the gender pay gap. Really? The fact

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that we work for free because of the gender pay gap. This is an

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equivalent for executives and workers. It has only taken them four

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days because executives are paid so astonished the well and workers are

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paid so little in comparison, the gap is so huge. This analysis has

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worked out that chief executives of FTSE 100 firms are typically paid ?4

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million. They only need three and a half days to rake in the average

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salary of their staff of ?30,000. It is a massive gap. That is what is

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serious. If you are trying to create social equality, or reach that as an

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endgame, there has been talk about executive pay, things like that,

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shares, is that being watered down, it is all about how we will water it

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down. What is the government going to do about that? Theresa May's

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first Commons on the steps of Downing Street where that this would

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be a government for everybody, not just the haves. -- comments. The

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messages concrete. People find it hard to understand big numbers. This

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is a simple way to communicate this to the public. Learn in -- they earn

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in a few days would you earn in a year. Pretty simple. In the FT now.

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It seems like magic before Trump is in power. The question on a lot of

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economists' minds, is this sustainable? Can a person go company

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by company and encourage them to make fairly, you know, fairly small

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changes to the way they operate. We are talking about 700 jobs, $700

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million that Ford is going to invest in a domestic plan as opposed to

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investing in a plant in Texaco. Just to be clear, Trump said if this was

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going to happen it wouldn't be a good idea. -- in Mexico. He has been

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talking about this quite a bit on the campaign trail. And he had been

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talking about other car manufacturers, and that he would

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punish them. It has changed the rhetoric. The Ford CEO has made the

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change. And he mentions about other policies. The protectionist

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approach. And how that will filter down when it comes to the

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relationship with countries like China. They have been vocal about

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doing business. Interesting one to watch. And trade is not as simple as

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having one fact in one country and -- one factory in one country and

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sold to another. The same product might be designed and begun in the

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US, cross the border to Mexico, shipped to Canada, and sold in the

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US essentially. It is complicated. What is not complicated is the video

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that emerged of a few Chelsea fans, abusing a black man on the Metro in

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Paris, it was his home city. This took place in 2015 before a football

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game between Chelsea and Paris Saint Germain. These four Chelsea

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have finally been convicted. It is have finally been convicted. It is

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an awful attack. It is great that they have been convicted. Problem

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is, it sends a really bad message once again about British football

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fans abroad. We don't have the best reputation anyway. Incidents like

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this do nothing for our standing in other European countries. I think

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the Guardian is the only paper that has it on its front page. Does that

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surprise you, Charlie? People tend surprise you, Charlie? People tend

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to turn a blind eye to difficult issues. We are talking about this,

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unfortunately. What we see here is a French state prosecutor talking

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about this as a "Defining moment" because there is an increasing

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lots of countries. This is a lots of countries. This is a

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clear-cut example of what racism is. President is important in law. --

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precedence. The police are very conscious of it. NHS boss, kick out

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hospital blood suckers. He isn't talking about leeches, he is talking

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about lawyers, ambulance chasers. It is these no-win no fee companies.

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They are targeting inside hospitals. They are targeting inside hospitals.

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There are leaflets. Some have rented out space in hospital for ways to

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get the information to patients and to sue the NHS. Apparently it is

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?440 million per year, which would be better used in the NHS. We won't

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get onto the cultural aspects in the US. OK. Diet drinks, no healthier

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than sugary versions. We know that, that is why we drink sugary

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versions. Go full fat. Economists have found that people who consume

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diet drinks might end up eating more calories in food because they are

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telling themselves, OK, I haven't had a full calorie soda, why not

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have a doughnut? Go further full should in the first place. Exactly,

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just have the Mars bar. And you can get other types of chocolate bars,

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by the way. Thank you for having you both here to talk about the papers.

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You can read a detailed review of The Papers on the website. You can

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see us each night with every edition posted. Thank you for watching.

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Goodbye.

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