07/02/2017

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:00:00. > :00:00.past three in the morning, local time, close to the Pakistan coastal

:00:00. > :00:13.City of Pasnan. More details when they come in. Now, the papers.

:00:14. > :00:17.Hello and welcome to our look ahead to what the the papers will be

:00:18. > :00:23.With me are the Daily Telegraph's Political Correspondent Laura Hughes

:00:24. > :00:32.Before we hear from them, the front pages.

:00:33. > :00:34.The Guardian leads with today's developments at Westminster

:00:35. > :00:36.as the government faced down a Conservative

:00:37. > :00:41.According to the Telegraph, the sustainability

:00:42. > :00:44.of the eurozone is under threat after the IMF raised

:00:45. > :00:48.The paper pictures former US President Barack Obama,

:00:49. > :00:55.The Times reports on claims that Britain's tax burden

:00:56. > :00:59.is set to rise to its highest level for more than 30 years.

:01:00. > :01:01.The i speculates that British Gas will become the latest energy

:01:02. > :01:09.The Metro leads on a new report which claims bank

:01:10. > :01:12.overdraft charges can cost up to 180% of the sum borrowed.

:01:13. > :01:13.Meanwhile, the Mail's headline is 'New blow

:01:14. > :01:16.for 21 million savers' - after changes were announced

:01:17. > :01:22.The FT says the London and Frankfurt stock exchanges

:01:23. > :01:24.are gambling on authorities giving the green light to their multi

:01:25. > :01:28.And according to the Express, freezing gales

:01:29. > :01:32.will hit the UK over the next 10 days.

:01:33. > :01:39.They love the weather story, don't they? Sometimes they don't get it

:01:40. > :01:43.right! The Daily Telegraph, a headline we haven't seen for a

:01:44. > :01:48.while, the Greek debt crisis. A new one according to the paper. That's

:01:49. > :01:55.based on what the IMF have said, warning that Greek debt is on this

:01:56. > :02:01.awful path and the question is, going to bail them out? They've said

:02:02. > :02:05.they don't want to do it, the IMF are saying, not us this time. It's

:02:06. > :02:10.interesting because they will go to the EU and say that they need to

:02:11. > :02:15.help. In July is going to come to a head because Greece owes 7 billion

:02:16. > :02:18.euros. Germany at the moment is really am willing to help bail them

:02:19. > :02:24.out because Angela Merkel has an election coming up and a lot of

:02:25. > :02:27.populist parties in Germany are saying, why should hard-working

:02:28. > :02:32.Germans have to bail out people working in Athens, it's not fair.

:02:33. > :02:38.And there will be that feeling that good money is being thrown after bad

:02:39. > :02:41.as well. If this is true, it hasn't worked and interesting to see how

:02:42. > :02:47.the people of Greece react to the news. Indeed, it's an alarming

:02:48. > :02:53.headline but it was only in 2008 when we had the first Greek debt

:02:54. > :02:58.crisis. It has been covered across headlines and we've seen how it has

:02:59. > :03:02.been carrying on. This won't go away. Intriguing that the headline

:03:03. > :03:10.is coming right now, especially when you see the full line across this

:03:11. > :03:17.issue -- fault lines. Also on the front of the Telegraph, Hamann

:03:18. > :03:26.facing ?34 billion black hole, tax burden on a 30 year high. I think it

:03:27. > :03:30.is 37% of the national income is going to be raised in taxes which is

:03:31. > :03:35.humongous, the highest it has been since Margaret Thatcher. Inland

:03:36. > :03:41.Revenue have really been hitting everybody as hard as possible. They

:03:42. > :03:47.have been under orders to get as much more tax as possible into the

:03:48. > :03:51.cough is. That is what the IFS are facing, -- are warning, that we are

:03:52. > :03:54.facing this black hole which means we will be perhaps faced with more

:03:55. > :03:59.taxes and we will see more cuts to public services, at a time when we

:04:00. > :04:04.are seeing crises in social care, the NHS, local councils revolting

:04:05. > :04:12.saying they want to raise taxes because they can't cope. If we want

:04:13. > :04:18.to get out of the deficit by 2020, Philip Hammond will have to do

:04:19. > :04:23.something. Buzzfeed has its get to the ground on what people think

:04:24. > :04:31.because often you are reporting their views. Austerity is seen as

:04:32. > :04:38.something that is not only seen as painful, but is not working? It was

:04:39. > :04:42.a target and we are seeing it isn't working. The people we speak to,

:04:43. > :04:52.especially young millennial is, there was a white Paper on housing

:04:53. > :04:54.and it seems that there are some measures to help ordinary families

:04:55. > :05:02.but there are some other things, you take a fume steps back and -- a few

:05:03. > :05:07.steps back, and our people thinking about people on the ground? This is

:05:08. > :05:12.a serious issue. Perhaps why we have seen this antiestablishment rise,

:05:13. > :05:17.the strength of the right around the world because people are losing

:05:18. > :05:22.faith, if not trust in politics? I think it's fair to say that people

:05:23. > :05:25.are disillusioned with "Establishment politics" but that

:05:26. > :05:31.isn't a reason to blame it just on that, there are many factors.

:05:32. > :05:38.Something like this isn't going to help. When you think it couldn't get

:05:39. > :05:44.any worse, the front page of the Metro, the banks charging more than

:05:45. > :05:48.the sharks, it says. This is about the charges you get when you go

:05:49. > :05:53.overdrawn. It is like a temporary loan as far as the banks are

:05:54. > :05:56.concerned. You are charged if you go over the limit and they seem to be

:05:57. > :06:01.suggesting that these charges are extortionate. 180% of the sum

:06:02. > :06:06.borrowed. You could have an overdraft of ?10 and you would have

:06:07. > :06:12.two Payback ?180 after two months, which is extraordinary. It is more

:06:13. > :06:16.than loan sharks. When you hear about loan sharks you think I will

:06:17. > :06:22.stay away from them and go to the bank and do the sensible thing. ?10,

:06:23. > :06:28.that is easy to do. If you don't pay it back is delay, you could be to

:06:29. > :06:34.court -- you could be caught. We have had campaigns against loan

:06:35. > :06:37.sharks but some banks charging seven times more is shocking and it may

:06:38. > :06:43.affect a lot of your viewers. Extraordinary. Mentioning NatWest

:06:44. > :06:49.but it includes Lloyds and Santander as well, demanding ?160. I suppose

:06:50. > :06:53.it depends on the deal you have with your bank, there are different

:06:54. > :06:57.overdraft deals and it depends how much the overdraft is as well. I

:06:58. > :07:08.suppose it's down to doing your research. It feels mad that... ?10!

:07:09. > :07:12.Understand if it was ?1000. You're sounding like Martin Lewis now! I'm

:07:13. > :07:21.sure he'll be on it. He'll be launching a campaign tomorrow. Let's

:07:22. > :07:24.move on to the Daily Mail, a new blow for 21 million savers. I told

:07:25. > :07:29.you it would get worse. It's so much about money. National savings

:07:30. > :07:36.interest rates are cut and so are your chances of bringing in a

:07:37. > :07:39.premium bond prize. This is a bit of a technical story but it seems like

:07:40. > :07:45.it will affect a huge amount of people, 21 million savers.

:07:46. > :07:52.Essentially government backed savers accounts, going to be affected with

:07:53. > :07:55.interest rates being slashed. For a lot of people, perhaps banking on

:07:56. > :08:01.these savings, they're going to wonder what on earth is going on.

:08:02. > :08:04.They perhaps thought that their money would be safe and suddenly one

:08:05. > :08:09.day it isn't. They lot of people will be worried about this. They

:08:10. > :08:14.think it is going to save the Treasury, ?6 billion. It is premium

:08:15. > :08:20.bonds, but they are going to reduce the number of prizes by one third.

:08:21. > :08:22.It is another disincentive to save. These are government backed

:08:23. > :08:26.accounts, you would think that the government would do the right thing.

:08:27. > :08:31.There is this theory that they want us to spend because it boosts the

:08:32. > :08:36.economy. You look at some of the interest rates, it is something like

:08:37. > :08:41.1%. A former pensions Minister says that your acreage in people to save

:08:42. > :08:46.and this is a kick in the teeth. -- that you are encouraging people. The

:08:47. > :08:54.pressure is on Theresa May to step in, it's being talked about? And MPs

:08:55. > :08:59.are calling for it. This gets interesting, it is a glass half

:09:00. > :09:03.full, half empty, the votes depending Brexit and how it's going

:09:04. > :09:11.to be delivered, the White Paper. Let's look at the Guardian. Made

:09:12. > :09:16.telling MPs, take it or leave it over Brexit. -- Theresa May telling

:09:17. > :09:22.MPs. This is how much say the MPs have, which is very little. Exactly,

:09:23. > :09:27.the headline, take it or leave it, basically saying that for Theresa

:09:28. > :09:35.May, triggering Article 50 is so much closer now. Tomorrow is like

:09:36. > :09:41.the final day when you will hear discussions about it. The fact that

:09:42. > :09:46.the government won is a huge boost for Theresa May. We should explain,

:09:47. > :09:50.a group of MPs wanted to have a say in the process on every single

:09:51. > :09:54.clause in the deal with the EU, which could have sent Theresa May

:09:55. > :10:01.back to the negotiating table if they rejected it and it could have

:10:02. > :10:08.gone on for years. Some rebel MPs even on the Tory benches voting the

:10:09. > :10:12.other way today. I think it's intriguing. The fact that you have

:10:13. > :10:17.the Times covering it completely differently. A different take, isn't

:10:18. > :10:28.it? MPs will vote on Brexit deal after forcing's may's hand. The

:10:29. > :10:34.reason that the times have covered it this way, MPs believe they will

:10:35. > :10:36.have more of a say, more power to influence it because Theresa May

:10:37. > :10:41.will have two presented to them and they will say that it is rubbish but

:10:42. > :10:45.even if they say they are not happy, it is deal or no Deal. You vote for

:10:46. > :10:53.it, or you vote for something worse, going with tariffs set by the WTO.

:10:54. > :10:56.The government are going to win regardless. There's this idea that

:10:57. > :11:01.they have more power to intimate, but really? We have to remember that

:11:02. > :11:06.there is a referendum and they are delivering the results. The country

:11:07. > :11:12.decided we are going to pass the bill, tomorrow is the final vote, it

:11:13. > :11:16.will get through. It was reported as some kind of concession but I don't

:11:17. > :11:20.think that is the case. Labour thought it was a concession and

:11:21. > :11:25.slowly people realise that actually no, it isn't a concession. So we all

:11:26. > :11:34.broke, we are potentially getting ripped off and there is very little

:11:35. > :11:39.broccoli to eat as well! The story at the heart of the salad crunch.

:11:40. > :11:45.This is an incredible story. I'm trying to find a cheerful story!

:11:46. > :11:52.There is a core jet crisis apparently. Bad weather in southern

:11:53. > :11:58.Europe and some supermarkets are having to ration how many courgettes

:11:59. > :12:02.they sell to their customers. I think for a lot of people that is

:12:03. > :12:14.quite alarming. I think our viewers are probably losing the will! I like

:12:15. > :12:17.this vegenomics. Normally if you have small supply you increase

:12:18. > :12:22.prices, but supermarkets are so reluctant to do that they think they

:12:23. > :12:25.will stick at the same, just don't buy as many. We should be eating

:12:26. > :12:30.fruit and vegetables when they are in season. Or by local, there are

:12:31. > :12:37.tips on the BBC website about alternatives. Grow your own, like

:12:38. > :12:40.Jeremy Corbyn. A bit hard on a balcony! If you're feeling down we

:12:41. > :12:45.can always followed the Obama example and just relax, basically,

:12:46. > :12:50.after one of the toughest jobs in the world. Life after the White

:12:51. > :12:56.House is going swimmingly well, says the Daily Telegraph. He is with

:12:57. > :12:59.Richard Branson. An Eneko island. If you were a former president you

:13:00. > :13:06.would be chilling out with a billionaire. -- Necker Island.

:13:07. > :13:13.Richard Branson is really getting involved with some issues. He got

:13:14. > :13:17.involved with Brexit. This is a message eight -- is this a message

:13:18. > :13:22.to Trump? He is in the limelight quite a lot. It is the question,

:13:23. > :13:26.what Obama does next. He is staying in Washington but he doesn't seem to

:13:27. > :13:34.have many plans. He beat Branson, apparently. You've got to let him

:13:35. > :13:38.win! Thank you for joining us. Thanks for watching.

:13:39. > :13:40.Don't forget you can see the front pages of the papers online

:13:41. > :13:45.It's all there for you - 7 days a week.

:13:46. > :13:55.evening you can watch it later on BBC iPlayer.