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