03/02/2017 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 03/02/2017. Check below for episodes and series from the same categories and more!



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


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


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


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


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


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


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


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


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


Donald Trump smack the decision to review US financial regulations put


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


government will force developers to use land they have planning


permission for or risk losing it. The Guardian reports European


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Nevertheless, the French want to give the impression that their


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


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


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


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


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


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


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


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


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


review was ordered. The idea that regulators wanted to protect


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


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


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


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


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


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


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


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


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


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


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


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


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


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


interesting thing about what he is doing. There have been


communications between certain Republicans in Congress and the


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


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


of a sudden the kind of international agreements that have


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


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


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


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


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


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


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


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


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


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


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


Barry Gardner, who is Labour's shadow international trade


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


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


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


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


advisers to the Chinese Embassy in London and have quite significant


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


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


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


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


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


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


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


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


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


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


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


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


talking about Hinkley Point, considering how much it is related


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


her focus on just about managing, promising employment rights,


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Conservatives have promised the country will have built 1 million


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Another consumer story. The vegetable shortage worsens. Ration


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


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


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


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


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


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


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


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


about Hugh Fearnley witting storm about seasonal eating, root


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


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


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


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


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


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


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


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


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


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


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


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


minute. Good evening. It's been a windy


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


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


as we have had gusts of wind in excess


Download Subtitles