07/02/2017 The Papers


07/02/2017

No need to wait until tomorrow morning 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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past three in the morning, local time, close to the Pakistan coastal

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City of Pasnan. More details when they come in. Now, the papers.

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Hello and welcome to our look ahead to what the the papers will be

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With me are the Daily Telegraph's Political Correspondent Laura Hughes

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Before we hear from them, the front pages.

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The Guardian leads with today's developments at Westminster

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as the government faced down a Conservative

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According to the Telegraph, the sustainability

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of the eurozone is under threat after the IMF raised

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The paper pictures former US President Barack Obama,

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The Times reports on claims that Britain's tax burden

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is set to rise to its highest level for more than 30 years.

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The i speculates that British Gas will become the latest energy

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The Metro leads on a new report which claims bank

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overdraft charges can cost up to 180% of the sum borrowed.

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Meanwhile, the Mail's headline is 'New blow

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for 21 million savers' - after changes were announced

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The FT says the London and Frankfurt stock exchanges

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are gambling on authorities giving the green light to their multi

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And according to the Express, freezing gales

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will hit the UK over the next 10 days.

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They love the weather story, don't they? Sometimes they don't get it

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right! The Daily Telegraph, a headline we haven't seen for a

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while, the Greek debt crisis. A new one according to the paper. That's

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based on what the IMF have said, warning that Greek debt is on this

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awful path and the question is, going to bail them out? They've said

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

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interesting because they will go to the EU and say that they need to

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help. In July is going to come to a head because Greece owes 7 billion

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euros. Germany at the moment is really am willing to help bail them

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out because Angela Merkel has an election coming up and a lot of

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populist parties in Germany are saying, why should hard-working

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Germans have to bail out people working in Athens, it's not fair.

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And there will be that feeling that good money is being thrown after bad

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as well. If this is true, it hasn't worked and interesting to see how

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the people of Greece react to the news. Indeed, it's an alarming

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headline but it was only in 2008 when we had the first Greek debt

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crisis. It has been covered across headlines and we've seen how it has

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been carrying on. This won't go away. Intriguing that the headline

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is coming right now, especially when you see the full line across this

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issue -- fault lines. Also on the front of the Telegraph, Hamann

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facing ?34 billion black hole, tax burden on a 30 year high. I think it

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is 37% of the national income is going to be raised in taxes which is

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humongous, the highest it has been since Margaret Thatcher. Inland

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Revenue have really been hitting everybody as hard as possible. They

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have been under orders to get as much more tax as possible into the

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cough is. That is what the IFS are facing, -- are warning, that we are

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facing this black hole which means we will be perhaps faced with more

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taxes and we will see more cuts to public services, at a time when we

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are seeing crises in social care, the NHS, local councils revolting

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saying they want to raise taxes because they can't cope. If we want

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to get out of the deficit by 2020, Philip Hammond will have to do

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something. Buzzfeed has its get to the ground on what people think

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because often you are reporting their views. Austerity is seen as

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something that is not only seen as painful, but is not working? It was

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a target and we are seeing it isn't working. The people we speak to,

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especially young millennial is, there was a white Paper on housing

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and it seems that there are some measures to help ordinary families

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but there are some other things, you take a fume steps back and -- a few

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steps back, and our people thinking about people on the ground? This is

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a serious issue. Perhaps why we have seen this antiestablishment rise,

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the strength of the right around the world because people are losing

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faith, if not trust in politics? I think it's fair to say that people

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are disillusioned with "Establishment politics" but that

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isn't a reason to blame it just on that, there are many factors.

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Something like this isn't going to help. When you think it couldn't get

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any worse, the front page of the Metro, the banks charging more than

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the sharks, it says. This is about the charges you get when you go

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overdrawn. It is like a temporary loan as far as the banks are

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concerned. You are charged if you go over the limit and they seem to be

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suggesting that these charges are extortionate. 180% of the sum

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borrowed. You could have an overdraft of ?10 and you would have

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two Payback ?180 after two months, which is extraordinary. It is more

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than loan sharks. When you hear about loan sharks you think I will

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stay away from them and go to the bank and do the sensible thing. ?10,

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that is easy to do. If you don't pay it back is delay, you could be to

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court -- you could be caught. We have had campaigns against loan

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sharks but some banks charging seven times more is shocking and it may

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affect a lot of your viewers. Extraordinary. Mentioning NatWest

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but it includes Lloyds and Santander as well, demanding ?160. I suppose

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it depends on the deal you have with your bank, there are different

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overdraft deals and it depends how much the overdraft is as well. I

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suppose it's down to doing your research. It feels mad that... ?10!

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Understand if it was ?1000. You're sounding like Martin Lewis now! I'm

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sure he'll be on it. He'll be launching a campaign tomorrow. Let's

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move on to the Daily Mail, a new blow for 21 million savers. I told

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you it would get worse. It's so much about money. National savings

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interest rates are cut and so are your chances of bringing in a

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premium bond prize. This is a bit of a technical story but it seems like

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it will affect a huge amount of people, 21 million savers.

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Essentially government backed savers accounts, going to be affected with

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interest rates being slashed. For a lot of people, perhaps banking on

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these savings, they're going to wonder what on earth is going on.

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They perhaps thought that their money would be safe and suddenly one

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day it isn't. They lot of people will be worried about this. They

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think it is going to save the Treasury, ?6 billion. It is premium

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bonds, but they are going to reduce the number of prizes by one third.

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It is another disincentive to save. These are government backed

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accounts, you would think that the government would do the right thing.

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There is this theory that they want us to spend because it boosts the

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economy. You look at some of the interest rates, it is something like

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1%. A former pensions Minister says that your acreage in people to save

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and this is a kick in the teeth. -- that you are encouraging people. The

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pressure is on Theresa May to step in, it's being talked about? And MPs

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are calling for it. This gets interesting, it is a glass half

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full, half empty, the votes depending Brexit and how it's going

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to be delivered, the White Paper. Let's look at the Guardian. Made

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telling MPs, take it or leave it over Brexit. -- Theresa May telling

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MPs. This is how much say the MPs have, which is very little. Exactly,

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the headline, take it or leave it, basically saying that for Theresa

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May, triggering Article 50 is so much closer now. Tomorrow is like

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the final day when you will hear discussions about it. The fact that

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the government won is a huge boost for Theresa May. We should explain,

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a group of MPs wanted to have a say in the process on every single

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clause in the deal with the EU, which could have sent Theresa May

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back to the negotiating table if they rejected it and it could have

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gone on for years. Some rebel MPs even on the Tory benches voting the

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other way today. I think it's intriguing. The fact that you have

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the Times covering it completely differently. A different take, isn't

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it? MPs will vote on Brexit deal after forcing's may's hand. The

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reason that the times have covered it this way, MPs believe they will

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have more of a say, more power to influence it because Theresa May

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will have two presented to them and they will say that it is rubbish but

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even if they say they are not happy, it is deal or no Deal. You vote for

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it, or you vote for something worse, going with tariffs set by the WTO.

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The government are going to win regardless. There's this idea that

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they have more power to intimate, but really? We have to remember that

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there is a referendum and they are delivering the results. The country

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decided we are going to pass the bill, tomorrow is the final vote, it

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will get through. It was reported as some kind of concession but I don't

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think that is the case. Labour thought it was a concession and

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slowly people realise that actually no, it isn't a concession. So we all

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broke, we are potentially getting ripped off and there is very little

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broccoli to eat as well! The story at the heart of the salad crunch.

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This is an incredible story. I'm trying to find a cheerful story!

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There is a core jet crisis apparently. Bad weather in southern

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Europe and some supermarkets are having to ration how many courgettes

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they sell to their customers. I think for a lot of people that is

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quite alarming. I think our viewers are probably losing the will! I like

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this vegenomics. Normally if you have small supply you increase

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prices, but supermarkets are so reluctant to do that they think they

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will stick at the same, just don't buy as many. We should be eating

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fruit and vegetables when they are in season. Or by local, there are

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tips on the BBC website about alternatives. Grow your own, like

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Jeremy Corbyn. A bit hard on a balcony! If you're feeling down we

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can always followed the Obama example and just relax, basically,

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after one of the toughest jobs in the world. Life after the White

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House is going swimmingly well, says the Daily Telegraph. He is with

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Richard Branson. An Eneko island. If you were a former president you

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would be chilling out with a billionaire. -- Necker Island.

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Richard Branson is really getting involved with some issues. He got

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involved with Brexit. This is a message eight -- is this a message

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to Trump? He is in the limelight quite a lot. It is the question,

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what Obama does next. He is staying in Washington but he doesn't seem to

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have many plans. He beat Branson, apparently. You've got to let him

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win! Thank you for joining us. Thanks for watching.

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Don't forget you can see the front pages of the papers online

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It's all there for you - 7 days a week.

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evening you can watch it later on BBC iPlayer.

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