16/05/2017 The Papers


16/05/2017

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

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bringing us tomorrow. With me Baroness Alterman, the former

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Pensions Minister, and a columnist at the London Evening Standard. How

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is the new boss going down? Well, he is making all of these changes. I

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want all of the gossip! We will start by looking at the front pages.

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The i leads with the launch of the Labour Party manifesto, calling it

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the most radicals in the 1980s. The Times claims Labour's taxation plans

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or in patterns after warnings that a 50p tax rate would fail to raise

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funds -- are in tatters. They say that business leaders are dismayed

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by Labour's promising of state intervention. Len McCluskey of the

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United union does not believe that Labour will win the election, but it

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will have fought a successful campaign if it has 200 seats.

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Assurances given that the serial killer's Ashers will not be

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scattered on Saddleworth Moor. The express criticises the amount of

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money spent on keeping him alive. The prime suspect in the killing of

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WPC Yvonne Fletcher will not be prosecuted, according to the

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Telegraph, because police were blocked from using key evidence on

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national security grounds. We will start with the Financial Times.

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Labour pledges ?49 billion tax rise to fund a spending push. A lot of

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comment about this. Are they able to raise all of the money that the need

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for all of the promises and pledges for the tax rises? I mean, you read

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through this manifesto and it is full of promises. We will spend

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money on this and that. Even though they said they are going to raise 48

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or ?49 billion in new taxes, many of the promises aren't actually costed

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at all. They haven't said where the extra money is going to come from

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for nationalisation, for example. They are going to renationalise the

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railways and they are going to renationalise Royal Mail and parts

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of the energy industry. So there is a lot of promise here. There are

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costings, but you have to ask the question, you know, this is called a

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programme of hope. They are kind of hoping that they can find the money.

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It is difficult for parties in opposition. They don't have a

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battery and Army of civil servants to go through all of the figures the

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way that the Government can. Nonetheless, there has to be

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approximation between what you want to achieve and what you can afford

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to achieve. Absolutely. Of course they are relying on the people who

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are being taxed, you know, the tax rate is going to go up to 50% for

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those earning more than ?133,000, that they are not clever enough to

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find ways of making sure that they don't pay that legitimately! It is

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very interesting, they are going to also have an excessive pay tax on

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companies, 2.5%, who gives packages of more than ?300,000 to their

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employees. This is going to be... A lot of companies will have to find

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ways of giving their employees more money and showing it in their

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salary. Yes, the irony as well, the front page of the Financial Times

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briefly mentioned this. Lloyds have been in public ownership since the

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financial crash of 2008, they were bailed out with a massive amount of

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money. It has now been sold. The taxpayer doesn't own it any more!

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And the taxpayer made a profit. The Tories can point to that and say,

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look... That was Labour's attempt at nationalising, which has been and

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done now. We will be hearing about lots more nationalisation. That is a

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very good point, it was Gordon Brown. Back to the times, Labour's

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packs rein in tatters, plan to miss target by billions, expert warns. --

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tax. More analysis of Labour's tax proposals. The Times have gone to

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the expert, the IFS, Michael Gove said they do not want experts!

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Labour said they can raise 4 billion from tax rises, the IFS said people

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will avoid the tax rises, and they will only raise between two and 3

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billion. They haven't got a contingency fund, so all they have

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got. Something like 3-4,000,000,000, because people's behaviour changes.

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They have got a contingency plan. They built in an assumption there

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will be some behavioural change, they think it could bring 6 billion,

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they are budgeting on 4 billion, but the IFS said it will be more like

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two to 3 billion. They haven't said how they are going to pay for the

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nationalisation, they have announced a lot of nationalisation, rail and

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energy and so on. The French tried this. When President Hollande came

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in, he introduced a 75 cents tax rate, it was a disaster. -- 75%. The

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IFS shows that if you earn between 100 and 123,000, under the Labour

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plans you will be paying 73.2% tax. We don't want experts discussing

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this! What do people know?! Expect on this programme, of course.

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Staying with Labour, the front page of the Guardian. Labour won't win,

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says top union backer. The polls are suggesting that. But he says that

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200 seats, if Mr Corbyn can keep 200 seats, that will be seen as a win

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and perhaps he should stay on, the front page of the Guardian. Both of

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those things are shocking. For Labour to say before the election

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has even happened, we don't expect to win, is pretty astonishing. I've

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not seen that before. But then to say... This is the union, not the

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party. But these are the backers of the party. In a way to. The biggest

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backers. Also to say that 200 seat is a success, that would be the

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worst Labour outcome since 1935. Even Michael Foot got 209 seats.

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Isn't there a strategy here that may be Corbyn supporters believe that if

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they get that figure, if Corbyn stays on and the Labour Party that

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will emerge will be remodelled as the Labour Party they really want,

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because the whole thing of the Corbyn thing, we've lost our party.

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It's a bit like the Leave campaign, we want our party back. If they get

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that will be the launch pad for what they think will be... So they are

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trying to engineer a split? The so-called Blairites, they want to

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get them out. Some of them might lose their seats. This is a

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believable strategy to a certain extent. If you are going to try and

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get the sort of change that they are seeking, and McCluskey repeated the

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point, the reason why Labour is not winning is because of the media. It

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is the reasoning and arguing that Jeremy Corbyn should stay if he wins

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200 seats. Neal Kennet got 229 and 270 plus. -- Neil Kinnock. Gordon

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Brown left 258. Miliband left 232. 200?! And he wants to stay on as

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leader. This is lowering expectations. If you say, as long as

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he gets 200, he can stay, they are building expectation. A lot of

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Labour people are hoping he will not stay, but there is a big support

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element in the Labour Party that wants him to state. He can't be

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removed easily. It is much more difficult now with the NEC changes.

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And also the fact that actually there is a massive constituency

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within the party, democratically elected, and huge support. That is

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quite right as far as the party rules go. The Telegraph, blocking

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drones delivering drugs and phones... I do apologise, we have

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got to head over... Labour's election manifesto, let's bring up

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the cartoon, I'm getting ahead of myself. How could we missed this

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out?! That is not an internet ransom demand, that is the manifesto! We

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are running out of time. Very quickly onto final story. Blocking

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drones delivering drugs and phones. This is really interesting. At night

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time there drones that dropping drugs, guns, phones come into jails

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and detected. And here you have got a jail in the Channel Islands,

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actually, spending money on putting up an invisible barrier, and

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electronic barrier,... Like a force field! 600 feet high. If a drone

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tries to cross it, it will be sent back to where it came from. The

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video screen goes black, the operator can't see anything. It

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stops the drone working. Not only is that interesting for prisons, but we

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are also looking in the article about it perhaps being used to

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protect nuclear facilities. Or other, you know, gas storage and

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energy plants. Because apparently they could be subject to drone

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attacks, you know, which have got a bomb or something. This could be

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really interesting technology. Very interesting, a good news story.

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Baroness Altmann and Mihir Bose, good to see you both. That's it for

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the papers. Thank you for watching. Goodbye.

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