29/04/2017

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:00:13. > :00:16.Hello and welcome to our look ahead to what the the papers will be

:00:17. > :00:26.There is quite a lot of us! Look who was passing and dropped in!

:00:27. > :00:28.With me are John Rentoul, the Chief Political Columnist

:00:29. > :00:30.at The Independent, Ruth Lea, Economic Adviser for

:00:31. > :00:40.Arbuthnot Banking Group and the broadcaster Charlie Wolf.

:00:41. > :00:46.You are here to talk three 100 days of the Donald Trump administration.

:00:47. > :00:47.We are discombobulated by this new format!

:00:48. > :00:51.The Observer reports on today's summit of EU leaders saying

:00:52. > :00:53.they want the UK to provide guarantees to EU citizens living

:00:54. > :00:55.in Britain before any trade talks can begin.

:00:56. > :00:57.The Sunday Times also leads on the summit,

:00:58. > :01:00.reporting that the other EU member states have rejected Theresa May's

:01:01. > :01:01.negotiating position and accused her of living

:01:02. > :01:07.The Sunday Telegraph says the Prime Minister has rejected

:01:08. > :01:09.the demands coming from Brussels as politicians on both sides

:01:10. > :01:13.of the Channel warned that the talks could turn nasty.

:01:14. > :01:16.The Mail on Sunday reports that Theresa May will bring

:01:17. > :01:20.in new laws to prevent a repeat of the Sir Philip Green BHS pension

:01:21. > :01:26.The Sunday Express leads on the investigating

:01:27. > :01:27.into the disappearance of Madeleine McCann,

:01:28. > :01:40.It says Scotland Yard's prime suspect is a woman.

:01:41. > :01:47.Of course, we will start with Brussels. We would not expect

:01:48. > :01:55.anything else. The Observer says the EU tells Theresa May, give us rights

:01:56. > :01:59.for our citizens or no trade talks. They did not take long to decide

:02:00. > :02:05.that negotiating position, considering there were 27 of them.

:02:06. > :02:08.It will not take long to sort out the citizens' rights question

:02:09. > :02:11.because everyone is agreed that we will give reciprocal rights, EU

:02:12. > :02:16.citizens here can have their rights and British citizens there can have

:02:17. > :02:24.their own rights so we can get on with the trade talks. Cammy? There

:02:25. > :02:28.is the exit Bill? Were making three points, one is citizens rights, that

:02:29. > :02:34.could be agreed quickly and the financial settlement will be far

:02:35. > :02:37.more contentious and they want 60 billion by the British government

:02:38. > :02:41.says we will not pay anything like that and the third is about the

:02:42. > :02:46.Irish border and it was in the notes of Donald Tusk, when he wrote to

:02:47. > :02:52.Theresa May at the beginning of April, he said that some progress

:02:53. > :02:56.had to be made on those things before they could start discussing

:02:57. > :03:03.the new relationship between the UK and EU so none of this new. It is

:03:04. > :03:15.fake news! Or just a rehash? It is a fake rehash. This is a rehash. Is

:03:16. > :03:23.that fake? I stung this with Andrew Neil a few years ago, this is Kabuki

:03:24. > :03:30.theatre. The Japanese theatre. In America it means this posturing,

:03:31. > :03:33.this little dance, this little show, and it is Kabuki theatre and these

:03:34. > :03:47.are not issues, citizens' rights, yes. The Irish border? I don't see

:03:48. > :03:51.that as an issue. Dear me! It is an island so if they are worried about

:03:52. > :03:56.people getting into Europe, they will still have to go through a port

:03:57. > :04:00.somewhere? But because of the history of Northern Ireland and

:04:01. > :04:09.Ireland, the heart border was a big issue. That is concerning. I see

:04:10. > :04:18.this as a soft border. There has been a common travel area well

:04:19. > :04:22.before the European Union. The Republic of Ireland will be staying

:04:23. > :04:26.in the single market and that means the full freedoms of goods and

:04:27. > :04:31.services and capital and Labour so anybody working in Ireland, if there

:04:32. > :04:35.was no border controls, they could move to Northern Ireland, so that is

:04:36. > :04:39.an issue and that is an issue on the tablets because if it happens that

:04:40. > :04:45.we have tariffs against the EU, against Ireland, that could be an

:04:46. > :04:52.issue. There are mince -- amends political sensitivities also. Those

:04:53. > :04:56.are the specific things you can relate to the Republic of Ireland,

:04:57. > :05:00.it will remain in the EU and we will leave so that issue has to be

:05:01. > :05:08.discussed. It will not be straightforward. I think it could be

:05:09. > :05:14.resolved whereas the exit bill could not be resolved because they want 60

:05:15. > :05:18.billion and we want to pay 10 billion or 5 billion, quite a big

:05:19. > :05:22.gap. If that is not resolved then nothing else can be. You will come

:05:23. > :05:25.back to that in a second but I want to do with the other story on the

:05:26. > :05:31.front page of the Observer, Labour pledged to outlaw all zero hours

:05:32. > :05:39.contracts, these have been very controversial, Charlie is saying!

:05:40. > :05:44.Put a halt to unpaid internships. Ruth, with a business background,

:05:45. > :05:48.what is your view? I am not keen on zero hours contracts but if it is a

:05:49. > :05:53.choice between a job and no job, I want a job, with zero hours. I have

:05:54. > :05:58.never had one of those, I have always been lucky with my

:05:59. > :06:03.employment, until I got the sack! But that is history. It was rather

:06:04. > :06:07.unfortunate. When Labour puts all of these extra restrictions on

:06:08. > :06:11.employment any to be careful, they are also talking... You say

:06:12. > :06:18.restrictions but they are safeguards for employees? Do you have a job or

:06:19. > :06:22.not? If you have the job, you have more rights and safeguards but if it

:06:23. > :06:27.is harder to get into the Labour market, that is a problem. It is

:06:28. > :06:35.always great to sit next to somebody like Ruth, an economist, I wish they

:06:36. > :06:40.would teach more economics in schools, you can at ?15 every other,

:06:41. > :06:45.make it 50 of it ever, if you don't have a job, it doesn't matter. There

:06:46. > :06:49.is a finite pot of money generally and a lot of companies, and

:06:50. > :06:59.companies will pay you top dollar if they can. We'll be? All of them?

:07:00. > :07:02.Those shareholders support that? I never chap who runs 30 McDonald's

:07:03. > :07:09.restaurants and others discussing how you save money, with kiosks, he

:07:10. > :07:13.says the way they do this, it takes more backroom staff, they want a

:07:14. > :07:18.good product but you cannot pay more going out than what is coming in.

:07:19. > :07:23.With zero hours, we have to turn up for work and you are only paid when

:07:24. > :07:28.you physically do the job. I agree with Ruth, they are not ideal but

:07:29. > :07:34.for some people they are quite convenient. When McDonald's offered

:07:35. > :07:42.employees the chance to switch from zero hours to fixed hours. That was

:07:43. > :07:49.only taken up by a minority of the staff. It suggests that for some

:07:50. > :07:54.people, at zero hours contract is preferred because it is flexible and

:07:55. > :07:58.what they want. The Labour position used to be that it was against

:07:59. > :08:04.exploitative zero hours contracts, I do not know how you define that. It

:08:05. > :08:09.is the same with minimum wage. Especially if talking about youth,

:08:10. > :08:14.you want to get onto the ladder. You want the training that you get from

:08:15. > :08:21.these very good firms. I will mention McDonald's, they do a very

:08:22. > :08:26.good job... Are they sponsoring new? Seriously, they have one of the best

:08:27. > :08:30.training programmes in the world. I don't think we have time to delve

:08:31. > :08:35.into McDonald's! If they had a chance from a company like them and

:08:36. > :08:41.there are other companies that sell similar products, I would pay them

:08:42. > :08:47.to get my first job because it gets you into the market and you rise up.

:08:48. > :08:50.We don't have time to do with the criticisms of McDonald's over the

:08:51. > :08:56.years so we can look at the other Brussels story, Theresa May rejects

:08:57. > :09:04.Brussels, she is saying, she is laughing them off. I think this is

:09:05. > :09:10.fake news. I think she is right, it is just politics. Posturing on both

:09:11. > :09:18.sides. It is Kabuki theatre and I used to work for the Japanese so I

:09:19. > :09:23.should know! Tough terms for Brexit? We know these terms. These were

:09:24. > :09:30.Donald Tusk's terms. There is no news. It is not news but it

:09:31. > :09:36.illustrates something I have been talking about for years... Let

:09:37. > :09:42.refinish! I think I have conked out! I have forgotten what I was saying.

:09:43. > :09:48.You said you knew this but what is new is they got together, the new

:09:49. > :09:54.topline, 27 countries. That was expected, I didn't know anybody who

:09:55. > :09:57.did not expect those 27 countries to reject the guidelines today. I don't

:09:58. > :10:06.think anybody expected that to happen. The piece yesterday, very

:10:07. > :10:13.interested in the project. And nothing else but the project. If

:10:14. > :10:19.Greece goes down, big deal, what was a line from The Simpsons? - one

:10:20. > :10:24.welcome our new alien overlords and I have always thought that about

:10:25. > :10:32.Jean-Claude Juncker and Donald Tusk. They did not let Greece go down. He

:10:33. > :10:38.said I would never have taken the deal, they are interested in the

:10:39. > :10:42.project and if they want 60 billion, I will tell them where to put that.

:10:43. > :10:47.If they want the project to survive, they cannot make it look too easy

:10:48. > :10:51.for Britain? Even if they are not ganging up, as Angela Merkel said?

:10:52. > :10:56.It is not in their interests to allow us to have as good a deal but

:10:57. > :11:00.where I disagree with Charlie is the idea that it is going to be good for

:11:01. > :11:07.Britain, economically, to leave the EU, I do not think it is. Ruth will

:11:08. > :11:10.back me up. Free trade makes you better off. And we're going to have

:11:11. > :11:18.less free trade with the European Union. We may or may not, if we

:11:19. > :11:22.leave without any agreement, it is feasible but not optimal and it is

:11:23. > :11:25.much better if some sort of trade agreement is negotiated with the

:11:26. > :11:30.European Union and I think there will be one. There is posturing,

:11:31. > :11:35.there is no doubt, they have to, but why do I think there will be a trade

:11:36. > :11:40.agreement? Because it is in their interests, they have a whacking

:11:41. > :11:43.great trade interest. And they are interested in the project,

:11:44. > :11:48.interested not in punishing us but in making sure we do not benefit.

:11:49. > :11:52.They are not going to bash their own export industries en route. If they

:11:53. > :11:59.are economically rational and sensible... They may not be!

:12:00. > :12:05.Nordstrom is the trade Commissioner and she said there will be a trade

:12:06. > :12:12.agreement, for sure. I would take the record collection in the

:12:13. > :12:17.divorce, I would take the other side's clothing and dump that on the

:12:18. > :12:25.front lawn and say, I will keep the record collection, you can have the

:12:26. > :12:28.kids and just end it! DME! Tories sidestep the Heathrow split, the

:12:29. > :12:33.Conservative manifesto will not mention the Heathrow third runway?

:12:34. > :12:37.Interesting, we're getting close to crunch day on the Tory manifesto,

:12:38. > :12:42.that will be published on Monday week. Big decisions have to be made

:12:43. > :12:46.as to what will be in it and it looks as if Theresa May has decided

:12:47. > :12:51.not to mention Heathrow. That solves that. Do they need to? They don't

:12:52. > :12:55.because apparently there is no decision that will be imminent about

:12:56. > :12:58.Heathrow but at some point I wish they would push ahead and get on

:12:59. > :13:04.with this third runway. I know Boris was against this as the Mayor.

:13:05. > :13:09.Sensible chap? I thought it was a jolly good idea to have a third

:13:10. > :13:14.runway! I think this is very hopeful news for those who do not agree. The

:13:15. > :13:20.sensor that it -- sensitivities of borrowers have been dealt with, they

:13:21. > :13:26.want Zach Johnson to win Richmond. He was ousted not so long ago. Well,

:13:27. > :13:29.he resigned in protest against Heathrow and he now wants to be the

:13:30. > :13:38.Conservative MP, even the policy has not changed. To me, this is not

:13:39. > :13:41.necessarily an election, this is the second referendum in advance. This

:13:42. > :13:47.is a one issue election, the Labour Party with Jeremy Corbyn, whatever

:13:48. > :13:53.his visa on the runway, the least of his problems, and they are taking

:13:54. > :13:57.advantage of this. The guy is like the Black Knight in the Monty Python

:13:58. > :14:02.film, nothing but one arm left, fight me! Theresa May a saying,

:14:03. > :14:08.great, this will be a referendum, I have the ability to negotiate the EU

:14:09. > :14:14.and Brexit however I want, why bring this up? Smart lady. Tactical. There

:14:15. > :14:18.are other things she could have avoided mentioning, she has carried

:14:19. > :14:25.on with the immigration cap. The Sunday Times... The 100 day salute

:14:26. > :14:28.from the Chief. Donald Trump saluting a US Marine on his return

:14:29. > :14:31.to the White House, he was addressing the National Rifle

:14:32. > :14:36.Association, who are very supportive of him. He has helped them out with

:14:37. > :14:44.various executive orders to unpack some of the controls that President

:14:45. > :14:49.Obama had. The one thing he has done and accomplished fully during his

:14:50. > :14:59.100 days and it will be the thing that I'd last seven as a legacy is

:15:00. > :15:02.getting him onto the Supreme Court, the original meaning will be kept,

:15:03. > :15:07.that second Amendment is very important to a lot of Americans.

:15:08. > :15:13.Overall, it is easy to make fun of the man, I no news broadcasters have

:15:14. > :15:19.been having fun. As you know, from last night... She is the fairest

:15:20. > :15:30.woman I know in all of broadcasting. You can put that in lights! Nice

:15:31. > :15:36.lady! To me, what can you do in 100 days? FDR did quite a lot? I am sure

:15:37. > :15:42.he did with the new deal but I was not there at the time, was that

:15:43. > :15:50.1933? Lets just say the 1930s. Before my time. He is a bit random,

:15:51. > :15:54.I am a statistician and we have random walks, where you do not know

:15:55. > :15:59.where he is going and I think Donald Trump's policies are a bit of a

:16:00. > :16:04.random walk, if you get my drift. Should you not given credit for

:16:05. > :16:08.changing his mind? I do and he has changed his mind on a lot of things,

:16:09. > :16:12.he has been obliged to do with Obamacare and the wall, I don't

:16:13. > :16:15.think that is going up, Mexico will not pay for it, and the problem with

:16:16. > :16:20.the visitors coming in from countries he did not like and that

:16:21. > :16:24.has been stopped. He has changed his mind partly because people have

:16:25. > :16:27.forced him to. He is very pleased with the results he has got and he

:16:28. > :16:32.said he does not think anybody has achieved as much as he has in 100

:16:33. > :16:39.days. He is quite keen to blow his own trumpet. No pun intended. He

:16:40. > :16:44.said 100 days as a target for achieving lots of things, which he

:16:45. > :16:47.has not achieved, but that is Donald Trump, he is bluster and a jolly

:16:48. > :16:52.good thing because it turns out that Donald Trump in his first 100 days,

:16:53. > :16:56.if you push on, he will move. If he comes up against the con situation

:16:57. > :17:02.and the courts in the United States, he will give way. He changes his

:17:03. > :17:07.mind and do something more sensible and that is all very good news.

:17:08. > :17:13.There is definitely a pragmatism and thank God, when you look at

:17:14. > :17:17.international affairs, it was right to address Syria, especially, and

:17:18. > :17:23.address North Korea, that was not in his plans, he has gone back, his

:17:24. > :17:30.America first policy is a more traditional, in other words, if

:17:31. > :17:33.Assad is gassing his own people, it is in our interest because we do not

:17:34. > :17:38.want to see chemical weapons so that is part of America first. If he does

:17:39. > :17:43.not succeed in achieving all of the things he promised his supporters,

:17:44. > :17:47.when he comes up early election, if you bothered to stand again because

:17:48. > :17:51.he has said he misses his old life, this is not like I thought it was

:17:52. > :17:56.going to be, were they not have long memories and remember what he has

:17:57. > :18:00.not done? As far as Syria is concerned, they are not interested,

:18:01. > :18:06.they want to see the economy improved, these are people who are

:18:07. > :18:10.blue-collar workers, it is different than working class, they own their

:18:11. > :18:13.own businesses and they want to see the economy improving. Which it has

:18:14. > :18:19.been doing. The economy is doing well? Bottas at dodger. If

:18:20. > :18:23.incredibly low interest rates like everybody else and quantitative

:18:24. > :18:28.easing and the economy has recovered. It was a very weak

:18:29. > :18:34.first-quarter figure yesterday. Unemployment is very low. There are

:18:35. > :18:39.a lot of people who say this is fake, the market is not sustainable,

:18:40. > :18:42.the numbers... If you have these absurdly low interest rates, what do

:18:43. > :18:47.you expect? When interest rates Titan, you will find that you're

:18:48. > :18:52.talking about equities, they will come off. If these 100 days of the

:18:53. > :18:57.golden period when you rush to get things done, he has a long time in

:18:58. > :19:04.office still to deal with the rest of it. He might not find that is

:19:05. > :19:07.easy because as we could see with Obamacare... He is not finding it

:19:08. > :19:13.easy and he will not achieve many other things he set out to achieve.

:19:14. > :19:18.Charlie and Ruth are right, his supporters are very much focused on

:19:19. > :19:22.domestic American questions and the economy carries on growing he will

:19:23. > :19:25.be fine and a few bills lots of airports and bridges, who knows

:19:26. > :19:29.whether that will have enough of an effect by the next election? But it

:19:30. > :19:35.will start to give the impression that America is moving again. In the

:19:36. > :19:41.polling I have seen, it says that he has outgrown his audience but within

:19:42. > :19:45.his constituency, something like 97% approval and if they held the

:19:46. > :19:50.election tomorrow, but only would he take the electoral college, he would

:19:51. > :19:58.still beat Hillary Clinton in the popular vote as well. What is his

:19:59. > :20:02.next priority? It is hard to say. He goes with whatever seems to be

:20:03. > :20:09.there. Whatever is on television tomorrow morning. North Korea. That

:20:10. > :20:15.cannot be ignored. It cannot, what he is doing with North Korea is

:20:16. > :20:19.actually correct because Kim Jong-un is a madman and you don't want him

:20:20. > :20:24.to have nuclear weapons somewhat Donald Trump is doing is correct and

:20:25. > :20:28.Obama did not think about that. It is marvellous to let you say that

:20:29. > :20:37.without having to jump to his defence! Shall we talk about the

:20:38. > :20:40.last thing, HS2 trains bulking up for the bulky? Heavier trains are

:20:41. > :20:47.necessary because passengers are heavier? I am looking at you only

:20:48. > :20:51.because I have trouble with Amtrak trains, which are so much bigger

:20:52. > :21:00.than ours and extremely comfortable. So our cars. Big country with big

:21:01. > :21:05.people. Lots of space. Yes, wide open spaces. Things must be doing

:21:06. > :21:12.very good over here in the United Kingdom. People are getting fatter?

:21:13. > :21:19.People are getting fatter. We will not have double-decker trains? You

:21:20. > :21:24.will not have that. They will not go under bridges. Those lovely old

:21:25. > :21:32.bridges. Most of HS2 will be in a tunnel as well. Not only do I not

:21:33. > :21:38.agree with building a third runway at Heathrow, I do not agree with HS2

:21:39. > :21:44.either. I am hoping HS2 will not go ahead. The costs, having to build

:21:45. > :21:48.bigger trains for bigger and taller, fatter people, then perhaps that

:21:49. > :21:53.will tip the balance. The economics do not stack up? I think this is a

:21:54. > :22:00.misallocation of scarce resources, to use a harmless phrase. I am

:22:01. > :22:05.showing off! But joking apart, the money going into this, we do not

:22:06. > :22:09.know what the final bill will be, 50 billion? It could be worse than

:22:10. > :22:17.leaving the EU. That money would be better spent on other infrastructure

:22:18. > :22:23.projects. It is a white elephant. A fourth runway? 28 runways at

:22:24. > :22:28.Stansted. The poor people of Essex. Why should they be so encumbered?

:22:29. > :22:34.Back to the story, the spill-over effect of passengers with two broad

:22:35. > :22:43.standard six? This is a modern problem on planes? Apparently it is.

:22:44. > :22:48.People can get squashed. One can get squashed in a plane, I have been

:22:49. > :22:55.squashed on several occasions. Nowadays you just worry about not

:22:56. > :23:01.getting dragged off! The aisles are wider to help them dragged off!

:23:02. > :23:09.George the large rabbit? I was very upset. We always are with animals.

:23:10. > :23:13.That was quite a nice spread of stories, shall we see what we can

:23:14. > :23:19.come up with that 11:30pm? We will see what we can find. That is it.

:23:20. > :23:23.Charlie, Ruth and John will be back again with another look at the front

:23:24. > :23:38.pages at 11:30pm. We will see you shortly. The weather is next.

:23:39. > :23:39.Pretty quiet start to the Bank Holiday weekend, the