07/02/2017 The Papers


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past three in the morning, local time, close to the Pakistan coastal


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


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


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


Before we hear from them, the front pages.


The Guardian leads with today's developments at Westminster


as the government faced down a Conservative


According to the Telegraph, the sustainability


of the eurozone is under threat after the IMF raised


The paper pictures former US President Barack Obama,


The Times reports on claims that Britain's tax burden


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


The i speculates that British Gas will become the latest energy


The Metro leads on a new report which claims bank


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


Meanwhile, the Mail's headline is 'New blow


for 21 million savers' - after changes were announced


The FT says the London and Frankfurt stock exchanges


are gambling on authorities giving the green light to their multi


And according to the Express, freezing gales


will hit the UK over the next 10 days.


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


are disillusioned with "Establishment politics" but that


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


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


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


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


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


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


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


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


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


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


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


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


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


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


affect a lot of your viewers. Extraordinary. Mentioning NatWest


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


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


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


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


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


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


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


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


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


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


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


Essentially government backed savers accounts, going to be affected with


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


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


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


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


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


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


It is another disincentive to save. These are government backed


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


Europe and some supermarkets are having to ration how many courgettes


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


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


this vegenomics. Normally if you have small supply you increase


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


evening you can watch it later on BBC iPlayer.


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