30/04/2017 The Papers


30/04/2017

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.


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Only the author, I will be talking to Sarah Perry, the author of the

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Essex serpent. Hello and welcome to our look ahead

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to what the papers will be With me are Jim Waterson,

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Political Editor at Buzzfeed and the 'Fleet Street Fox',

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Susie Boniface, Tomorrow's front pages then,

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starting with the Financial Times. It leads on warnings that

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interest-free credit cards The paper says the comments come

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from leading bankers. The I reports that Jeremy Corbyn

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will invest ?3 billion in education, reversing Conservative cuts

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to the budget. Plans to make social media firms

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like Facebook and Google pay for the cost of policing digital

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crimes is the lead The Daily Express focuses

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on the foreign aid budget. It says ?15 million is funding

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anti-smoking campaigns in some of the world's

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most corrupt countries . The Guardian leads on Theresa

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May's comments on tax. It says the Prime Minister has

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signalled a rise in national insurance and income tax,

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after pledging not to raise VAT. Theresa May might have a different

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view to the EU 27. They are saying that she is on a different page to

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the rest of the EU. There has been a hardening in the breadth of

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negotiations last week or so. The EU, shockingly for a union with

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Accord leadership, is swinging together as a union with Accord

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leadership against Britain. To be is a major selection has resulted to

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sign by saying, no, you need to elect me if you want to avoid a

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disaster, swing behind me, don't listen to what they are saying in

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Brussels. How much of this is posturing on both sides? Everybody

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is posturing because nobody has started talking. Despite all the

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arguments since June last year, Brexit has not begun, negotiations

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have begun. Article 50 has been triggered but that is not the

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northern paperwork. There is nothing else you can too bad posture.

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Theresa May has a lack of ability to think on her feet when she is asked

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a question. When somebody says she is out in space when dealing with

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the EU, she has to react to that, saying that they are on a planet all

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of their own. She has said, no, I'm very boring... She is the Prime

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Minister who does homework, isn't cheap? She is very well prepared,

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across her brief. That is we haven't had tested yet. If this election was

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held in 2020 wouldn't have gone through two years of Brexit

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negotiations, already be outside the EU and it would've been a vote on

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whether or not that was a good deal. Now we were having an election on

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whether or not you can trust she will get a good deal. As long as she

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looks in control, then that is the way she can win the votes. Pretty

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politically good. In the Financial Times, interest-free credit cards

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are a ticking time bomb, bankers warned. Future revenue from higher

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rates looked up front, I don't even pretend to know what that means. Why

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is this a ticking time bomb? And other tactical disaster. Anybody

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with an interest free credit card and a balance transfer, the banks

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are making money on that because they make a certain calculation

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about how much money you will have at the end of that deal. The problem

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they are finding is that people are either paying it off or they are

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moving the deal to another interest-free credit card and

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shifting their debt around. Basically, the credit card companies

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to have a lot of debt like this that they are not making money from, they

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are getting loaded up with that, not making the cash, and the warning is

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there heading for some kind of crash. Why don't they stop offering

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peace deals? The problem is, if you never get the return back on the

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money and financial institution to teach on the edge again, we have

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seen this film before. We don't want the banks... The risk is if they

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lose that that repayment they may become unstable and will have to

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look at what intervention is needed. This is what banking is about, about

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making an assumption about future spending and pitting your own money

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in the right space to capitalise on it. Bankers can figure it out, they

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shouldn't in banking. Isn't this the kind of risk that they were be in

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courage not to keep taking? Yes, and it depends who they are giving these

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interest-free credit cards do. There maybe some people who are just

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cracking up debts and having bad credit histories and still getting

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interest-free credit cards. Let's look at the Daily Telegraph.

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Theresa May pledge on the VAT, but not income tax. Philip Hammond did

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not like the fact that he was boxed into a corner from the Soul pledged

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not to raise National Insurance contributions and income tax. The

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original pledge, if you think back to 2015 when David Cameron was

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running for election, apparently he is living in a shared but that is a

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different story, he ran on a pledge not to raise income tax and National

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Insurance. This time around are confident of a win under one to get

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rid of these things that boxy into a corner. We are unlikely, but don't

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know yet because the Tory manifesto is not I get, the triple lock on

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pensions will change in some way, we are likely to see the ability to

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change income tax National Insurance. Theresa May has said

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today that she won't raise VAT because Labour were putting under a

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lot of on that. That is regarded as regressive tax because everybody has

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to pay it. To some extent, it is linked to consumption because if you

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don't consume too much YouTube paid too much. But it is a regressive

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tax. We have not seen properly yet these policies because nobody has

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published what their policies are or how they were plundered. The

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Conservative Party Mike Weir is things like some taxes to paper

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social care. The Guardian is saying that it is considering taxes on very

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expensive homes. These are the kind of policies that Ed Miliband's

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labour and Jeremy Corbyn's Labour would be quite keen on having. She

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is trying to steal the centre ground and bringing in some fairly

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socialist policies. It'll be interesting to how that plays with

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the good people of Burgess Hill and if they believe this is a centre

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ground Conservative Party warm weather she is quite a hard right

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wing Conservative Party. Facebook must pay to police the Internet.

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Social media firms may have two paper the cost of policing digital

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crimes. I could end up being quite expensive. It will be almost

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impossible to do, as well. The Telegraph says that a similar

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arrangement is in place for football clubs, when there is certain

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policing on match days, those football clubs contribute to that.

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That is because it is a known fact that match will cause this amount of

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trouble and you need that blue line around it to make sure things stay

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under control. You can't do that online because you can't predict who

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will do what to whom, you can predict where the revenge pawn will

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come out of or if people will start complaining about it. Half of all

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crimes have a social media element. That's was taken by the select

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committee that that this report together for them to say that

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Facebook should be paid for these crimes to be released. Most of the

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public sphere is running to one or two private networks, Facebook,

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Twitter and to some extent Google. News and everything is being

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controlled by one to companies and how you regulate that. Our system is

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not built to deal this. Might just this suggestion of this kind of cost

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encourage these businesses to clean air act up, to be cover on the kind

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of... It is the kind of things that politicians threaten big companies

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with. This is a report from the Home Affairs Select Committee which does

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not have any legislative power, but they say we think this should

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happen. Amber Rudd has welcomed it and will look at it carefully, which

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means, what? Excavation might summon from the National Police Chiefs'

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Council said, well, the details would have to be considered. If you

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were to have police funded by Facebook, will they be wearing the

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same uniform will they have the same powers? Will they sent you an

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emoticon when you have reported a crime, Assad face something? It will

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not work. Because a lot of crimes involve a social media element

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therefore you have to check some things, you will need to have a

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liaison officers working across these companies, and to save you

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might contribute somewhat taxes, please! These companies are so

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powerful now they are almost above individual national governments.

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Jeremy Corbyn pledges ?3 billion to close the education gap. The Labour

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leader vows to invest in children's future, he tells teachers. We don't

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know where this money is coming from yet. It is an interesting thing. We

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did not know where the money for Donald Trump's walls going to come

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from. Still nobody knows. Rhys Gill got elected. It is entirely possible

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that of Jeremy Corbyn promises the right things people will elect him

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regardless of the fact it doesn't have funding in place. To be fair to

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him, he said that he will explain in the Labour manifesto- able paper

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this with heavy hints will be taxes on corporations, cutting down on tax

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evasion. We have been promised that a lot. Basically raising taxes on

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whoever they can in a reasonable manner. The interesting thing is the

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fact that he is coming up with these pledges and high on earth the Tories

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respond to him. They keep hitting him hard again saying that Labour

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will raise your taxes. The detail of whether the schools need the funding

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is not what they are going for. They are just trying to hammer home the

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message that Jeremy Corbyn will raise your taxes. There has been so

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much publicity from headteacher saying that budgets are not

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sustainable. He is picking up on that. Education has been well funded

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over the last 20 years, it has gone up over inflation, so the cuts being

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talked about, 6.5%, although they are swingeing now, we will still be

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spending more per child used to be. The problem is that school costs are

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continuing to rise. They have to find some way to square the circle.

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It will be interesting to see whether this is going to be the kind

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of thing that people are terribly keen on and where it comes from

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really matters because if you keep saying we will tax big companies,

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big corporations, big international corporations, the whole reason

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didn't pay so much tax is because they are based in many different tax

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jurisdictions. We will look at the daily Star. Just quickly. We forgot

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to mention Anthony Joshua, the movie! This'll be the rags to riches

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story, and what a story will be. We know the ending, which was his win.

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This is a classic bit of British tabloid journalism, the keywords

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being that fans demand the movie be made, which is justified an entire

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front page! It is not my thing, but the numbers on that's watching the

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broadcast of the site are enormous. If Harvey Weinstein was one of the

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fans watching it could get made. It would be a British Rocky, one that

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still lives at home with his mum. I wonder how they both feel today.

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Rough. That's it for The Papers

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this you hour. Faith and reason, and

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the Gothic imagination - the ingredients of Sarah Perry's

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bestselling novel,

:14:34.:14:36.

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