03/02/2017 The Papers


03/02/2017

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.


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Welcome to our look ahead to what the newspapers will be bringing

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tomorrow. Katie Martin joins us from the FT. And Oliver Wright, policy

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editor at the Times newspaper. Nice to have the great. Tomorrow's front

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pages, starting with the i. Its front page has the attack on the

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Louvre. Npower is increasing its energy prices. The Daily Express

:00:45.:00:47.

goes with the same story, describing it as a kick in the teeth for

:00:48.:00:51.

customers. The Times is claiming that a senior MP has received

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funding from a Chinese law firm with links to the Chinese government. The

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paper says there is no suggestion of impropriety. The FT focuses on

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Donald Trump smack the decision to review US financial regulations put

:01:04.:01:07.

in place after the 2008 crash. The Telegraph leads with news that the

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government will force developers to use land they have planning

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permission for or risk losing it. The Guardian reports European

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leaders at a summit in Malta have attacked Donald Trump for his

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anti-EU rhetoric. And the Daily Mail brings us news of a shortage of

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vegetables in Britain's supermarkets. Let's begin with the i

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and the attack on the Louvre. An Egyptian suspect known to the

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security services. Threat of terrorism here to stay. The French

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have become used to wear high level of security and it isn't going

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anywhere any time soon. -- to a high level. This is why we have scary

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people holding guns outside tourist locations. It sounds like a scary

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incident. But it also sounds like the authorities dealt with it very

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well. This could have been a really nasty incident. And the soldiers

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took action. They were only lightly injured themselves. The story could

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have been worse. It reminds everyone that terrorism isn't going to go

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away and it is going to be a really significant part in that election.

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And the election is unpredictable as it is. Very early days and the

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suspect was seriously injured as a result of the shooting. But had only

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been in Paris for a short time and on assured Visa. Apparently the

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authorities were aware of him already. Again, there will be loads

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of questions about should they have done something sooner. -- on a short

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Visa. But the truth is it is the Goldfinger used to say about the

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IRA, they need to get lucky every time, but they only need to get

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lucky ones and it is a difficult task. -- but the truth is it is like

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the old thing we used to say. All of the things we've all been aware of

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in the last 24 months has had an effect on the number of people

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visiting Paris in particular. Yes. As the i is pointing out, it is the

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most popular museum in the world. I understand the attack wasn't on the

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museum itself, it was on the shopping mall attached to it.

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Nevertheless, the French want to give the impression that their

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biggest tourist attractions are safe and properly guarded. On balance,

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that is the message coming across. The story in The Times suggesting

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that museum and gallery admissions were down in London, people were

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putting that down to people being worried, just the threat of

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terrorism, but there has not been an attack in London. But people are

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aware. People do think about that kind of thing. Let's move on. Let's

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talk about... What is on the FT? Thank goodness you are here to

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explain. No pressure. Trump starts drive to cut Wall Street rules.

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Alarm as. Frank review is ordered. What is that? -- alarm as Dodd Frank

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review was ordered. The idea that regulators wanted to protect

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consumers. They wanted to clamp down on potential conflicts of interest

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that banks had. Trump has decided it is too owner is. What I found

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interesting, one of the many things I found interesting about this

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story, is the rationale he has for rolling back on some of this

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regulation. -- onerous. He says loads of my friends have nice

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businesses and they cannot borrow money, which is the fault of the

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regulation. And that this is disastrous. That sentence let off

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the page to me. My friends have businesses. -- leapt.

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What difference will this mean to the rest of us? The idea was it was

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supposed to put safeguards in place so we didn't have the kind of

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financial crisis we had in 2008. The conclusion is obvious, right? On

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balance it opens up the system to more cracks like this. But certainly

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in Europe where the banks were expected to hold more capital, so

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that there was more elasticity in the system. And that's another

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interesting thing about what he is doing. There have been

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communications between certain Republicans in Congress and the

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Federal reserve, which is the central bank, saying, actually we

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want you to be independent from global framework around capital. All

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of a sudden the kind of international agreements that have

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held together the global banking system since the collapse of 2008,

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everything has been called into question, is the US with us? Or are

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they going to go out on their own? What does it mean for London? Does

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it mean people who are in London at the moment might go back to the US?

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It opens up the possibility that certain things will be allowed in

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one jurisdiction and not in another. Brexit is another layer of

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complexity on top of this. It certainly opens up the possibility

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that you could have pockets of risk around certain types of risky

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lending that are more exit -- more accentuated in one country than

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another. China cache link to top Labour MP in The Times. ?180,000

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fund for a pro-Beijing Shadow minister. -- cash link. This is

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Barry Gardner, who is Labour's shadow international trade

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secretary. What we discovered, and it's been declared, I should say, is

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that over the last year and a half he has received around ?180,000 in

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staff costs. Money somebody else has paid him so he can employ staff.

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This money has come from a firm of lawyers who also act as legal

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advisers to the Chinese Embassy in London and have quite significant

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contacts to Beijing. A little bit more than that, the woman who

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founded the firm who runs the firm, her son has been working in Barry

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Gardner's Westminster office and being paid for by her to work for

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him. As we say, there is no suggestion of impropriety, but

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people at the Labour Party are worried, saying it doesn't look

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good. We have a guy representing the Labour Party talking about things

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like trade, of which China is a big part, of energy, which China is a

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big part of, so should you be putting himself in that position --

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so should he be putting himself in that position? If there is no

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question of impropriety, what can you say about it? Well, it's very

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much comes down to perception. And this, kind of, idea of what has the

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influence been? It sounds like this MP has been quite fulsome when

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talking about Hinkley Point, considering how much it is related

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to Chinese business. The reason there is no impropriety is because

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it isn't specifically banned in the rules. Question is, should the rules

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allow someone to get their staff paid in this way, when they are not

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working for them or the taxpayer, but working to somebody else who is

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paying them. But there is nothing in the rules to stop them. That is

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where we are. Let's look at the Telegraph. Europe talks tough to

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Trump. This goes both ways, doesn't it? He talks tough about Europe and

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Nato, so it is his turn to be on the receiving end. I think Theresa May

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has had a little bit of a tough time. In Malta. She has been, in a

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way, Trump's self-declared missionary, explaining the Donald to

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the rest of Europe who have not been impressed with either him or Theresa

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May. She was supposed to have a one-to-one with Angela Merkel. That

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was cancelled last minute. They had a walk in the garden and discussed

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everything that needed to be discussed, so there was no need for

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a one-to-one, apparently, but you might want to question that. We are

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in a difficult position on this. Trump has declared repeatedly he is

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no lover of the EU but he's happy to cosy up to Britain. It is difficult

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for us to play the role of his interpreter when he has made his

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opinion so clear and he is utterly unpredictable. There is supposed to

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be some sort of improving off relations prior to Brexit so we get

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everybody on site. It does not sound like this has been happening if she

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is threatening to cut taxes and under slash the EU. -- on side.

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Similar to what Philip Hammond was saying. It is possible for a way

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that the UK to become more competitive is cut taxes. But the

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Eurocrats don't understand what the issue is. Jeremy Corbyn has talked

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about his fear of Britain racing to the bottom. Once we are out of the

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EU, we don't have to be subject to employment regulations, protection

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for workers, that kind of thing, environmental standards, then there

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will be this diving down. I think it is an empty threat but a clever one.

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If you think about what we know about German domestic politics,

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French domestic politics, the answer is not a lot. Theresa May and all of

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her focus on just about managing, promising employment rights,

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practically she cannot do anything. But the Europeans sort of think we

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might. I think it is a negotiating stance. We need a threat. That is

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how she is trying to position it. But would she do it? I don't think

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so. It's gone down badly on the continent, this idea we might. But

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they want it. To tyres down and get us to agree to all of these common

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European regulations and taxes and we won't become this tax haven that

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your border. They are more likely to give us free trade access on

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services and goods that ideally we would like. Possibly. Staying with

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the Telegraph. Good grief. No wonder I was off last week. Get building or

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lose planning. 1 million more homes to be built, apparently, and we've

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been promised loads for a long time. It is the national obsession with

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house prices. And it is all about more houses. Supply and demand. Call

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me old-fashioned. The story is saying to developers, you have your

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planning permission, use it or lose it. Get on, build houses. The

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Conservatives have promised the country will have built 1 million

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homes by 2020. That is a lot. They better get cracking. And the number

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of empty homes in the UK is apparently the highest in 20 years.

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1.4 million empty homes. It seems crazy. A lot of those will just be

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investment properties for people, won't they? If you park a lot of

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money into property you don't necessarily need... Mainly empty,

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that is what I don't understand. People who have holiday homes and go

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for weekends, but what is the definition? It doesn't explain that,

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does it? Very good question. Is the land available in the right places?

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It'll only get into the argument about do you want to build on green

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belt, on the countryside, are you building in the right places where

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there is infrastructure? In these cases these are plots of land where

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permission has been given. It is not about seeking permission for new

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flats. The permission is there, get on with it. But these companies

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won't want to do it. It goes back to supply and demand. They want to have

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these houses coming out at a steady rate and at a steady price. The

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government will have a battle on their hands. Once you have built a

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house you have to light and heat it. Smoothly done. I blame Ralph, he

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gave me that link, kind of... Fury at ?109 electric rise. This is about

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nPower hiking prices. And it won't just be them. One company will go

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first, takes the heat, then the others followed. Even if you are not

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one of their customers, it is probably coming to you not too far

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off. These are the standard rates. You do not need to sit on them as a

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customer. If you are prepared to look around and find a different

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deal you can lock yourself into weight fixed rate. It should be

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easier these days to jump around. -- into a fixed rate. The dual fuel

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package has gone up by just under 10%, which is slightly less scary.

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There are definitely different ways to shop around. But there is no

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getting around the fact that prices have gone up since September to

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November. But don't they buy it ahead of time? It always only ever

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feels like they are putting the prices up. That goes back to what we

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were saying. There is a first mover disadvantage. They will all have to

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do it. It is a feared to suggest they are not. It is about who goes

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first and who gets the nasty headlines. And today, I'm afraid, it

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is nPower. They drew the short straw, or took the lead fast.

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Another consumer story. The vegetable shortage worsens. Ration

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and panic buying is spreading. You cannot even buy certain vegetables

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online. Bulk buying vegetables that goes off in three days seems

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ridiculous. You cannot freeze an iceberg lettuce, can you? Despite

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its name. It says here, so it must be true, as the's customers won't be

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able to buy more than six of each item. Do you want six aubergines?

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Who needs six iceberg lettuces? Unless you are running a kebab shop.

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The shortage is caused by snow and floods in Spain, which is where they

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grow a lot of this stuff at this time of year. It begs the question

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about Hugh Fearnley witting storm about seasonal eating, root

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vegetables, which you do not need to import from places like Spain. --

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Hugh Fearnley Whittingstall. Many people are used to this. We are so

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used to buying things all year round. We expect to have tomatoes

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that taste like tomatoes all year round. This kind of story, waited

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just make things worse? Why do people go out and buy things they

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did not necessarily wanted -- won't people go out and buy things they

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did not necessarily wanted? If people are buying vegetables by the

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half-dozen, good luck to them. They will be very healthy and will have

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lost a lot of weight for this time of year. Thank you very much. Don't

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forget, you can see all of the Papers on the website.

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If you missed the programme, I know you would not dare, but you can

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watch it later on BBC iPlayer. Thank you both. I will see you in a

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minute. Good evening. It's been a windy

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afternoon and evening across the southern half of the country and a

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wet one, as well. It seems like this on the south coast is not surprising

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as we have had gusts of wind in excess

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