:00:18. > :00:22.Hello there, and welcome to our look ahead to what the papers will be
:00:23. > :00:28.bringing us tomorrow. With me Baroness Alterman, the former
:00:29. > :00:35.Pensions Minister, and a columnist at the London Evening Standard. How
:00:36. > :00:40.is the new boss going down? Well, he is making all of these changes. I
:00:41. > :00:46.want all of the gossip! We will start by looking at the front pages.
:00:47. > :00:50.The i leads with the launch of the Labour Party manifesto, calling it
:00:51. > :00:55.the most radicals in the 1980s. The Times claims Labour's taxation plans
:00:56. > :01:02.or in patterns after warnings that a 50p tax rate would fail to raise
:01:03. > :01:05.funds -- are in tatters. They say that business leaders are dismayed
:01:06. > :01:13.by Labour's promising of state intervention. Len McCluskey of the
:01:14. > :01:16.United union does not believe that Labour will win the election, but it
:01:17. > :01:25.will have fought a successful campaign if it has 200 seats.
:01:26. > :01:35.Assurances given that the serial killer's Ashers will not be
:01:36. > :01:38.scattered on Saddleworth Moor. The express criticises the amount of
:01:39. > :01:42.money spent on keeping him alive. The prime suspect in the killing of
:01:43. > :01:46.WPC Yvonne Fletcher will not be prosecuted, according to the
:01:47. > :01:53.Telegraph, because police were blocked from using key evidence on
:01:54. > :01:59.national security grounds. We will start with the Financial Times.
:02:00. > :02:05.Labour pledges ?49 billion tax rise to fund a spending push. A lot of
:02:06. > :02:10.comment about this. Are they able to raise all of the money that the need
:02:11. > :02:14.for all of the promises and pledges for the tax rises? I mean, you read
:02:15. > :02:18.through this manifesto and it is full of promises. We will spend
:02:19. > :02:24.money on this and that. Even though they said they are going to raise 48
:02:25. > :02:27.or ?49 billion in new taxes, many of the promises aren't actually costed
:02:28. > :02:32.at all. They haven't said where the extra money is going to come from
:02:33. > :02:36.for nationalisation, for example. They are going to renationalise the
:02:37. > :02:41.railways and they are going to renationalise Royal Mail and parts
:02:42. > :02:47.of the energy industry. So there is a lot of promise here. There are
:02:48. > :02:51.costings, but you have to ask the question, you know, this is called a
:02:52. > :02:56.programme of hope. They are kind of hoping that they can find the money.
:02:57. > :02:59.It is difficult for parties in opposition. They don't have a
:03:00. > :03:02.battery and Army of civil servants to go through all of the figures the
:03:03. > :03:06.way that the Government can. Nonetheless, there has to be
:03:07. > :03:10.approximation between what you want to achieve and what you can afford
:03:11. > :03:15.to achieve. Absolutely. Of course they are relying on the people who
:03:16. > :03:20.are being taxed, you know, the tax rate is going to go up to 50% for
:03:21. > :03:25.those earning more than ?133,000, that they are not clever enough to
:03:26. > :03:28.find ways of making sure that they don't pay that legitimately! It is
:03:29. > :03:35.very interesting, they are going to also have an excessive pay tax on
:03:36. > :03:40.companies, 2.5%, who gives packages of more than ?300,000 to their
:03:41. > :03:44.employees. This is going to be... A lot of companies will have to find
:03:45. > :03:52.ways of giving their employees more money and showing it in their
:03:53. > :03:56.salary. Yes, the irony as well, the front page of the Financial Times
:03:57. > :03:59.briefly mentioned this. Lloyds have been in public ownership since the
:04:00. > :04:05.financial crash of 2008, they were bailed out with a massive amount of
:04:06. > :04:09.money. It has now been sold. The taxpayer doesn't own it any more!
:04:10. > :04:15.And the taxpayer made a profit. The Tories can point to that and say,
:04:16. > :04:21.look... That was Labour's attempt at nationalising, which has been and
:04:22. > :04:24.done now. We will be hearing about lots more nationalisation. That is a
:04:25. > :04:32.very good point, it was Gordon Brown. Back to the times, Labour's
:04:33. > :04:39.packs rein in tatters, plan to miss target by billions, expert warns. --
:04:40. > :04:49.tax. More analysis of Labour's tax proposals. The Times have gone to
:04:50. > :04:55.the expert, the IFS, Michael Gove said they do not want experts!
:04:56. > :04:58.Labour said they can raise 4 billion from tax rises, the IFS said people
:04:59. > :05:03.will avoid the tax rises, and they will only raise between two and 3
:05:04. > :05:08.billion. They haven't got a contingency fund, so all they have
:05:09. > :05:16.got. Something like 3-4,000,000,000, because people's behaviour changes.
:05:17. > :05:21.They have got a contingency plan. They built in an assumption there
:05:22. > :05:26.will be some behavioural change, they think it could bring 6 billion,
:05:27. > :05:33.they are budgeting on 4 billion, but the IFS said it will be more like
:05:34. > :05:36.two to 3 billion. They haven't said how they are going to pay for the
:05:37. > :05:41.nationalisation, they have announced a lot of nationalisation, rail and
:05:42. > :05:45.energy and so on. The French tried this. When President Hollande came
:05:46. > :05:53.in, he introduced a 75 cents tax rate, it was a disaster. -- 75%. The
:05:54. > :06:03.IFS shows that if you earn between 100 and 123,000, under the Labour
:06:04. > :06:08.plans you will be paying 73.2% tax. We don't want experts discussing
:06:09. > :06:11.this! What do people know?! Expect on this programme, of course.
:06:12. > :06:16.Staying with Labour, the front page of the Guardian. Labour won't win,
:06:17. > :06:23.says top union backer. The polls are suggesting that. But he says that
:06:24. > :06:26.200 seats, if Mr Corbyn can keep 200 seats, that will be seen as a win
:06:27. > :06:31.and perhaps he should stay on, the front page of the Guardian. Both of
:06:32. > :06:34.those things are shocking. For Labour to say before the election
:06:35. > :06:39.has even happened, we don't expect to win, is pretty astonishing. I've
:06:40. > :06:43.not seen that before. But then to say... This is the union, not the
:06:44. > :06:51.party. But these are the backers of the party. In a way to. The biggest
:06:52. > :06:56.backers. Also to say that 200 seat is a success, that would be the
:06:57. > :07:01.worst Labour outcome since 1935. Even Michael Foot got 209 seats.
:07:02. > :07:05.Isn't there a strategy here that may be Corbyn supporters believe that if
:07:06. > :07:09.they get that figure, if Corbyn stays on and the Labour Party that
:07:10. > :07:13.will emerge will be remodelled as the Labour Party they really want,
:07:14. > :07:17.because the whole thing of the Corbyn thing, we've lost our party.
:07:18. > :07:28.It's a bit like the Leave campaign, we want our party back. If they get
:07:29. > :07:31.that will be the launch pad for what they think will be... So they are
:07:32. > :07:34.trying to engineer a split? The so-called Blairites, they want to
:07:35. > :07:39.get them out. Some of them might lose their seats. This is a
:07:40. > :07:44.believable strategy to a certain extent. If you are going to try and
:07:45. > :07:47.get the sort of change that they are seeking, and McCluskey repeated the
:07:48. > :07:51.point, the reason why Labour is not winning is because of the media. It
:07:52. > :07:56.is the reasoning and arguing that Jeremy Corbyn should stay if he wins
:07:57. > :08:06.200 seats. Neal Kennet got 229 and 270 plus. -- Neil Kinnock. Gordon
:08:07. > :08:11.Brown left 258. Miliband left 232. 200?! And he wants to stay on as
:08:12. > :08:18.leader. This is lowering expectations. If you say, as long as
:08:19. > :08:21.he gets 200, he can stay, they are building expectation. A lot of
:08:22. > :08:25.Labour people are hoping he will not stay, but there is a big support
:08:26. > :08:29.element in the Labour Party that wants him to state. He can't be
:08:30. > :08:34.removed easily. It is much more difficult now with the NEC changes.
:08:35. > :08:37.And also the fact that actually there is a massive constituency
:08:38. > :08:42.within the party, democratically elected, and huge support. That is
:08:43. > :08:49.quite right as far as the party rules go. The Telegraph, blocking
:08:50. > :08:59.drones delivering drugs and phones... I do apologise, we have
:09:00. > :09:02.got to head over... Labour's election manifesto, let's bring up
:09:03. > :09:08.the cartoon, I'm getting ahead of myself. How could we missed this
:09:09. > :09:13.out?! That is not an internet ransom demand, that is the manifesto! We
:09:14. > :09:20.are running out of time. Very quickly onto final story. Blocking
:09:21. > :09:25.drones delivering drugs and phones. This is really interesting. At night
:09:26. > :09:29.time there drones that dropping drugs, guns, phones come into jails
:09:30. > :09:33.and detected. And here you have got a jail in the Channel Islands,
:09:34. > :09:39.actually, spending money on putting up an invisible barrier, and
:09:40. > :09:44.electronic barrier,... Like a force field! 600 feet high. If a drone
:09:45. > :09:48.tries to cross it, it will be sent back to where it came from. The
:09:49. > :09:54.video screen goes black, the operator can't see anything. It
:09:55. > :09:58.stops the drone working. Not only is that interesting for prisons, but we
:09:59. > :10:05.are also looking in the article about it perhaps being used to
:10:06. > :10:10.protect nuclear facilities. Or other, you know, gas storage and
:10:11. > :10:15.energy plants. Because apparently they could be subject to drone
:10:16. > :10:18.attacks, you know, which have got a bomb or something. This could be
:10:19. > :10:24.really interesting technology. Very interesting, a good news story.
:10:25. > :10:30.Baroness Altmann and Mihir Bose, good to see you both. That's it for
:10:31. > :10:32.the papers. Thank you for watching. Goodbye.