03/02/2017

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:00:18. > :00:22.Welcome to our look ahead to what the newspapers will be bringing

:00:23. > :00:30.tomorrow. Katie Martin joins us from the FT. And Oliver Wright, policy

:00:31. > :00:38.editor at the Times newspaper. Nice to have the great. Tomorrow's front

:00:39. > :00:44.pages, starting with the i. Its front page has the attack on the

:00:45. > :00:47.Louvre. Npower is increasing its energy prices. The Daily Express

:00:48. > :00:51.goes with the same story, describing it as a kick in the teeth for

:00:52. > :00:54.customers. The Times is claiming that a senior MP has received

:00:55. > :00:59.funding from a Chinese law firm with links to the Chinese government. The

:01:00. > :01:03.paper says there is no suggestion of impropriety. The FT focuses on

:01:04. > :01:07.Donald Trump smack the decision to review US financial regulations put

:01:08. > :01:11.in place after the 2008 crash. The Telegraph leads with news that the

:01:12. > :01:18.government will force developers to use land they have planning

:01:19. > :01:21.permission for or risk losing it. The Guardian reports European

:01:22. > :01:26.leaders at a summit in Malta have attacked Donald Trump for his

:01:27. > :01:29.anti-EU rhetoric. And the Daily Mail brings us news of a shortage of

:01:30. > :01:44.vegetables in Britain's supermarkets. Let's begin with the i

:01:45. > :01:47.and the attack on the Louvre. An Egyptian suspect known to the

:01:48. > :01:51.security services. Threat of terrorism here to stay. The French

:01:52. > :01:55.have become used to wear high level of security and it isn't going

:01:56. > :02:02.anywhere any time soon. -- to a high level. This is why we have scary

:02:03. > :02:06.people holding guns outside tourist locations. It sounds like a scary

:02:07. > :02:10.incident. But it also sounds like the authorities dealt with it very

:02:11. > :02:17.well. This could have been a really nasty incident. And the soldiers

:02:18. > :02:25.took action. They were only lightly injured themselves. The story could

:02:26. > :02:29.have been worse. It reminds everyone that terrorism isn't going to go

:02:30. > :02:34.away and it is going to be a really significant part in that election.

:02:35. > :02:38.And the election is unpredictable as it is. Very early days and the

:02:39. > :02:42.suspect was seriously injured as a result of the shooting. But had only

:02:43. > :02:46.been in Paris for a short time and on assured Visa. Apparently the

:02:47. > :02:51.authorities were aware of him already. Again, there will be loads

:02:52. > :02:57.of questions about should they have done something sooner. -- on a short

:02:58. > :03:02.Visa. But the truth is it is the Goldfinger used to say about the

:03:03. > :03:05.IRA, they need to get lucky every time, but they only need to get

:03:06. > :03:13.lucky ones and it is a difficult task. -- but the truth is it is like

:03:14. > :03:17.the old thing we used to say. All of the things we've all been aware of

:03:18. > :03:22.in the last 24 months has had an effect on the number of people

:03:23. > :03:28.visiting Paris in particular. Yes. As the i is pointing out, it is the

:03:29. > :03:33.most popular museum in the world. I understand the attack wasn't on the

:03:34. > :03:37.museum itself, it was on the shopping mall attached to it.

:03:38. > :03:40.Nevertheless, the French want to give the impression that their

:03:41. > :03:46.biggest tourist attractions are safe and properly guarded. On balance,

:03:47. > :03:49.that is the message coming across. The story in The Times suggesting

:03:50. > :03:53.that museum and gallery admissions were down in London, people were

:03:54. > :03:57.putting that down to people being worried, just the threat of

:03:58. > :04:00.terrorism, but there has not been an attack in London. But people are

:04:01. > :04:07.aware. People do think about that kind of thing. Let's move on. Let's

:04:08. > :04:13.talk about... What is on the FT? Thank goodness you are here to

:04:14. > :04:20.explain. No pressure. Trump starts drive to cut Wall Street rules.

:04:21. > :04:33.Alarm as. Frank review is ordered. What is that? -- alarm as Dodd Frank

:04:34. > :04:35.review was ordered. The idea that regulators wanted to protect

:04:36. > :04:43.consumers. They wanted to clamp down on potential conflicts of interest

:04:44. > :04:46.that banks had. Trump has decided it is too owner is. What I found

:04:47. > :04:51.interesting, one of the many things I found interesting about this

:04:52. > :04:58.story, is the rationale he has for rolling back on some of this

:04:59. > :05:01.regulation. -- onerous. He says loads of my friends have nice

:05:02. > :05:05.businesses and they cannot borrow money, which is the fault of the

:05:06. > :05:10.regulation. And that this is disastrous. That sentence let off

:05:11. > :05:26.the page to me. My friends have businesses. -- leapt.

:05:27. > :05:35.What difference will this mean to the rest of us? The idea was it was

:05:36. > :05:41.supposed to put safeguards in place so we didn't have the kind of

:05:42. > :05:44.financial crisis we had in 2008. The conclusion is obvious, right? On

:05:45. > :05:49.balance it opens up the system to more cracks like this. But certainly

:05:50. > :05:55.in Europe where the banks were expected to hold more capital, so

:05:56. > :05:58.that there was more elasticity in the system. And that's another

:05:59. > :06:02.interesting thing about what he is doing. There have been

:06:03. > :06:06.communications between certain Republicans in Congress and the

:06:07. > :06:09.Federal reserve, which is the central bank, saying, actually we

:06:10. > :06:15.want you to be independent from global framework around capital. All

:06:16. > :06:18.of a sudden the kind of international agreements that have

:06:19. > :06:22.held together the global banking system since the collapse of 2008,

:06:23. > :06:28.everything has been called into question, is the US with us? Or are

:06:29. > :06:32.they going to go out on their own? What does it mean for London? Does

:06:33. > :06:39.it mean people who are in London at the moment might go back to the US?

:06:40. > :06:43.It opens up the possibility that certain things will be allowed in

:06:44. > :06:47.one jurisdiction and not in another. Brexit is another layer of

:06:48. > :06:51.complexity on top of this. It certainly opens up the possibility

:06:52. > :07:01.that you could have pockets of risk around certain types of risky

:07:02. > :07:08.lending that are more exit -- more accentuated in one country than

:07:09. > :07:13.another. China cache link to top Labour MP in The Times. ?180,000

:07:14. > :07:25.fund for a pro-Beijing Shadow minister. -- cash link. This is

:07:26. > :07:29.Barry Gardner, who is Labour's shadow international trade

:07:30. > :07:33.secretary. What we discovered, and it's been declared, I should say, is

:07:34. > :07:39.that over the last year and a half he has received around ?180,000 in

:07:40. > :07:45.staff costs. Money somebody else has paid him so he can employ staff.

:07:46. > :07:48.This money has come from a firm of lawyers who also act as legal

:07:49. > :07:53.advisers to the Chinese Embassy in London and have quite significant

:07:54. > :07:57.contacts to Beijing. A little bit more than that, the woman who

:07:58. > :08:03.founded the firm who runs the firm, her son has been working in Barry

:08:04. > :08:10.Gardner's Westminster office and being paid for by her to work for

:08:11. > :08:13.him. As we say, there is no suggestion of impropriety, but

:08:14. > :08:17.people at the Labour Party are worried, saying it doesn't look

:08:18. > :08:22.good. We have a guy representing the Labour Party talking about things

:08:23. > :08:27.like trade, of which China is a big part, of energy, which China is a

:08:28. > :08:34.big part of, so should you be putting himself in that position --

:08:35. > :08:36.so should he be putting himself in that position? If there is no

:08:37. > :08:41.question of impropriety, what can you say about it? Well, it's very

:08:42. > :08:48.much comes down to perception. And this, kind of, idea of what has the

:08:49. > :08:55.influence been? It sounds like this MP has been quite fulsome when

:08:56. > :09:02.talking about Hinkley Point, considering how much it is related

:09:03. > :09:06.to Chinese business. The reason there is no impropriety is because

:09:07. > :09:10.it isn't specifically banned in the rules. Question is, should the rules

:09:11. > :09:15.allow someone to get their staff paid in this way, when they are not

:09:16. > :09:18.working for them or the taxpayer, but working to somebody else who is

:09:19. > :09:24.paying them. But there is nothing in the rules to stop them. That is

:09:25. > :09:29.where we are. Let's look at the Telegraph. Europe talks tough to

:09:30. > :09:35.Trump. This goes both ways, doesn't it? He talks tough about Europe and

:09:36. > :09:39.Nato, so it is his turn to be on the receiving end. I think Theresa May

:09:40. > :09:46.has had a little bit of a tough time. In Malta. She has been, in a

:09:47. > :09:51.way, Trump's self-declared missionary, explaining the Donald to

:09:52. > :09:55.the rest of Europe who have not been impressed with either him or Theresa

:09:56. > :09:59.May. She was supposed to have a one-to-one with Angela Merkel. That

:10:00. > :10:03.was cancelled last minute. They had a walk in the garden and discussed

:10:04. > :10:06.everything that needed to be discussed, so there was no need for

:10:07. > :10:13.a one-to-one, apparently, but you might want to question that. We are

:10:14. > :10:18.in a difficult position on this. Trump has declared repeatedly he is

:10:19. > :10:21.no lover of the EU but he's happy to cosy up to Britain. It is difficult

:10:22. > :10:26.for us to play the role of his interpreter when he has made his

:10:27. > :10:32.opinion so clear and he is utterly unpredictable. There is supposed to

:10:33. > :10:37.be some sort of improving off relations prior to Brexit so we get

:10:38. > :10:42.everybody on site. It does not sound like this has been happening if she

:10:43. > :10:51.is threatening to cut taxes and under slash the EU. -- on side.

:10:52. > :10:55.Similar to what Philip Hammond was saying. It is possible for a way

:10:56. > :11:03.that the UK to become more competitive is cut taxes. But the

:11:04. > :11:07.Eurocrats don't understand what the issue is. Jeremy Corbyn has talked

:11:08. > :11:12.about his fear of Britain racing to the bottom. Once we are out of the

:11:13. > :11:18.EU, we don't have to be subject to employment regulations, protection

:11:19. > :11:22.for workers, that kind of thing, environmental standards, then there

:11:23. > :11:27.will be this diving down. I think it is an empty threat but a clever one.

:11:28. > :11:30.If you think about what we know about German domestic politics,

:11:31. > :11:36.French domestic politics, the answer is not a lot. Theresa May and all of

:11:37. > :11:40.her focus on just about managing, promising employment rights,

:11:41. > :11:44.practically she cannot do anything. But the Europeans sort of think we

:11:45. > :11:49.might. I think it is a negotiating stance. We need a threat. That is

:11:50. > :11:54.how she is trying to position it. But would she do it? I don't think

:11:55. > :12:01.so. It's gone down badly on the continent, this idea we might. But

:12:02. > :12:05.they want it. To tyres down and get us to agree to all of these common

:12:06. > :12:11.European regulations and taxes and we won't become this tax haven that

:12:12. > :12:15.your border. They are more likely to give us free trade access on

:12:16. > :12:23.services and goods that ideally we would like. Possibly. Staying with

:12:24. > :12:31.the Telegraph. Good grief. No wonder I was off last week. Get building or

:12:32. > :12:35.lose planning. 1 million more homes to be built, apparently, and we've

:12:36. > :12:43.been promised loads for a long time. It is the national obsession with

:12:44. > :12:48.house prices. And it is all about more houses. Supply and demand. Call

:12:49. > :12:52.me old-fashioned. The story is saying to developers, you have your

:12:53. > :12:58.planning permission, use it or lose it. Get on, build houses. The

:12:59. > :13:05.Conservatives have promised the country will have built 1 million

:13:06. > :13:08.homes by 2020. That is a lot. They better get cracking. And the number

:13:09. > :13:12.of empty homes in the UK is apparently the highest in 20 years.

:13:13. > :13:18.1.4 million empty homes. It seems crazy. A lot of those will just be

:13:19. > :13:21.investment properties for people, won't they? If you park a lot of

:13:22. > :13:28.money into property you don't necessarily need... Mainly empty,

:13:29. > :13:31.that is what I don't understand. People who have holiday homes and go

:13:32. > :13:40.for weekends, but what is the definition? It doesn't explain that,

:13:41. > :13:44.does it? Very good question. Is the land available in the right places?

:13:45. > :13:48.It'll only get into the argument about do you want to build on green

:13:49. > :13:53.belt, on the countryside, are you building in the right places where

:13:54. > :13:57.there is infrastructure? In these cases these are plots of land where

:13:58. > :14:01.permission has been given. It is not about seeking permission for new

:14:02. > :14:07.flats. The permission is there, get on with it. But these companies

:14:08. > :14:10.won't want to do it. It goes back to supply and demand. They want to have

:14:11. > :14:15.these houses coming out at a steady rate and at a steady price. The

:14:16. > :14:23.government will have a battle on their hands. Once you have built a

:14:24. > :14:36.house you have to light and heat it. Smoothly done. I blame Ralph, he

:14:37. > :14:46.gave me that link, kind of... Fury at ?109 electric rise. This is about

:14:47. > :14:51.nPower hiking prices. And it won't just be them. One company will go

:14:52. > :14:54.first, takes the heat, then the others followed. Even if you are not

:14:55. > :15:00.one of their customers, it is probably coming to you not too far

:15:01. > :15:04.off. These are the standard rates. You do not need to sit on them as a

:15:05. > :15:08.customer. If you are prepared to look around and find a different

:15:09. > :15:15.deal you can lock yourself into weight fixed rate. It should be

:15:16. > :15:21.easier these days to jump around. -- into a fixed rate. The dual fuel

:15:22. > :15:25.package has gone up by just under 10%, which is slightly less scary.

:15:26. > :15:29.There are definitely different ways to shop around. But there is no

:15:30. > :15:35.getting around the fact that prices have gone up since September to

:15:36. > :15:39.November. But don't they buy it ahead of time? It always only ever

:15:40. > :15:45.feels like they are putting the prices up. That goes back to what we

:15:46. > :15:49.were saying. There is a first mover disadvantage. They will all have to

:15:50. > :15:53.do it. It is a feared to suggest they are not. It is about who goes

:15:54. > :16:00.first and who gets the nasty headlines. And today, I'm afraid, it

:16:01. > :16:06.is nPower. They drew the short straw, or took the lead fast.

:16:07. > :16:10.Another consumer story. The vegetable shortage worsens. Ration

:16:11. > :16:15.and panic buying is spreading. You cannot even buy certain vegetables

:16:16. > :16:22.online. Bulk buying vegetables that goes off in three days seems

:16:23. > :16:28.ridiculous. You cannot freeze an iceberg lettuce, can you? Despite

:16:29. > :16:32.its name. It says here, so it must be true, as the's customers won't be

:16:33. > :16:39.able to buy more than six of each item. Do you want six aubergines?

:16:40. > :16:48.Who needs six iceberg lettuces? Unless you are running a kebab shop.

:16:49. > :16:53.The shortage is caused by snow and floods in Spain, which is where they

:16:54. > :16:58.grow a lot of this stuff at this time of year. It begs the question

:16:59. > :17:02.about Hugh Fearnley witting storm about seasonal eating, root

:17:03. > :17:11.vegetables, which you do not need to import from places like Spain. --

:17:12. > :17:16.Hugh Fearnley Whittingstall. Many people are used to this. We are so

:17:17. > :17:21.used to buying things all year round. We expect to have tomatoes

:17:22. > :17:25.that taste like tomatoes all year round. This kind of story, waited

:17:26. > :17:30.just make things worse? Why do people go out and buy things they

:17:31. > :17:35.did not necessarily wanted -- won't people go out and buy things they

:17:36. > :17:39.did not necessarily wanted? If people are buying vegetables by the

:17:40. > :17:42.half-dozen, good luck to them. They will be very healthy and will have

:17:43. > :17:48.lost a lot of weight for this time of year. Thank you very much. Don't

:17:49. > :17:53.forget, you can see all of the Papers on the website.

:17:54. > :17:59.If you missed the programme, I know you would not dare, but you can

:18:00. > :18:03.watch it later on BBC iPlayer. Thank you both. I will see you in a

:18:04. > :18:16.minute. Good evening. It's been a windy

:18:17. > :18:21.afternoon and evening across the southern half of the country and a

:18:22. > :18:26.wet one, as well. It seems like this on the south coast is not surprising

:18:27. > :18:27.as we have had gusts of wind in excess