:00:14. > :00:17.Hello, and welcome to our look ahead to what the the papers will be
:00:18. > :00:19.With me are Reuters Business Correspondent
:00:20. > :00:22.Tom Bergin and Kate Andrews, Director of News at the Institute
:00:23. > :00:34.Kate joins us for the first time whereas Tom is a familiar face. Nice
:00:35. > :00:37.to have you here. Let's look at the front pages, starting with the Daily
:00:38. > :00:41.Telegraph which says Brexit negotiators have been accused of
:00:42. > :00:46.trying to push through a ?36 billion divorce bill while most of the
:00:47. > :00:50.Cabinet is on holiday. The picture shows Jessica Ennis-Hill collecting
:00:51. > :00:54.her 2011 World Championship heptathlon gold medal earlier this
:00:55. > :00:58.evening after the original winner was banned for doping. The Times
:00:59. > :01:18.reports that record levels of violence and abuse against
:01:19. > :01:21.vulnerable patients at mental health trusts were reported last year amid
:01:22. > :01:24.accusations of endemic use of force in the NHS. The Guardian says 13
:01:25. > :01:26.areas of England have restricted or completely halted IVF treatment for
:01:27. > :01:28.women struggling to conceive since the start of the year with a further
:01:29. > :01:30.eight consulting on taking similar steps. The Financial Times says
:01:31. > :01:33.financial institutions have paid more than $150 billion in fines in
:01:34. > :01:35.the US relating to the credit crisis. The Daily Mirror has the
:01:36. > :01:38.father of Princess Diana's driver claiming British police told him she
:01:39. > :01:42.was murdered. According to the metro, a model kidnapped in the land
:01:43. > :01:48.then tortured and offered the sale feared she would be killed. The Sun
:01:49. > :01:53.says the model has now described how she was drugged and stuffed into a
:01:54. > :01:58.suitcase. We'll come to that story at the end, but first of all, the
:01:59. > :02:04.Daily Telegraph, a couple of Brexit related stories, Tory anger at
:02:05. > :02:07.officials over Brexit divorce bill. This is the ?36 billion the
:02:08. > :02:13.Telegraph reported this morning would be offered to be EU, Kate. It
:02:14. > :02:18.looks as if the Cabinet are not in the loop. There are two stories on
:02:19. > :02:24.this front page, the first is how the Conservatives are continuing to
:02:25. > :02:27.have this bad ER in terms of miscommunication, poor communication
:02:28. > :02:31.or not speaking at all, how last month some ministers were not told
:02:32. > :02:36.about plans for EU citizens coming to the UK, and again we have a story
:02:37. > :02:40.where communication has been terrible. To get to the divorce bill
:02:41. > :02:45.itself, it is quite interesting, this 36 billion figure being
:02:46. > :02:49.spouted, because realistically, even though some Eurosceptics will
:02:50. > :02:54.criticise paying the bill at all, it is a payment to get a good trade
:02:55. > :02:59.deal and it is a sign... It is a sweetness. It is, that a concession,
:03:00. > :03:03.the EU has spending plans assuming the UK would be a part of them and
:03:04. > :03:09.now the UK's leading it is a sign of goodwill to say we will pay
:03:10. > :03:14.something. It may be around 26 billion but 36 billion is not out of
:03:15. > :03:18.the realms of possibility. Some calculations suggest we pay 10
:03:19. > :03:22.billion in the year, with a three or four year transitional period that
:03:23. > :03:27.gets us to this figure. But if this is offered by civil servants without
:03:28. > :03:33.Cabinet ministers aware of it, that is a bit of an issue, isn't it? Of
:03:34. > :03:36.course, it would be unusual, but there are not many situations where
:03:37. > :03:40.by civil servants go off the reservation and make these offers.
:03:41. > :03:45.One wonders whether the Tory anger with respect -- is with respect to
:03:46. > :03:49.the officials or if it is Eurosceptic Tories telling the
:03:50. > :03:54.government, we don't want to pay any money so we will continue to put
:03:55. > :03:58.pressure on you to pay as little as possible. Obviously it will be a
:03:59. > :04:03.matter of negotiation both sides agreeing that money will be paid,
:04:04. > :04:07.but it seems that we have people who are unhappy about that and would
:04:08. > :04:10.like it as small as possible so it they will keep the pressure on. The
:04:11. > :04:14.government will then be locking themselves into a corner of
:04:15. > :04:19.potentially coming out with a very large amount it has to pay, and
:04:20. > :04:25.thereby undermining the appearance of competence of the government stop
:04:26. > :04:30.the idea of having to pay something has come about because the EU chief
:04:31. > :04:35.Brexit negotiator has said we are not talking about anything else
:04:36. > :04:41.until we get this settled. As an opening offer, 36 billion looks like
:04:42. > :04:45.it might have to go up. That is a concern about leaks, when the
:04:46. > :04:49.numbers come out, the public adjust to this number, then if it is
:04:50. > :04:55.bigger, people in general will say, that is too much. I think this is
:04:56. > :05:00.more of the PR problem than when it comes to negotiations in Brussels.
:05:01. > :05:04.Yes. Leaks. It seems to be the issue of the day. These leaks and
:05:05. > :05:11.conversations, I doubt anyone in Brussels is reading this very much.
:05:12. > :05:18.It seems to be an issue of domestic consultation. I doubt be you chief
:05:19. > :05:23.Brexit negotiator is affected by it -- the EU chief negotiator. Everyone
:05:24. > :05:27.wants a Brexit headline so when they will put -- get the numbers they
:05:28. > :05:33.will put them everywhere. The other Brexit story on the Daily Telegraph
:05:34. > :05:38.is, NHS seems to have army of British nurses, home-grown nurses!
:05:39. > :05:44.Love that expression! Did they put them in a composting bag and grow
:05:45. > :05:52.them from seed? It will take quite a long time, won't it? To be serious,
:05:53. > :05:57.the idea that we won't have enough staff to work in hospitals post
:05:58. > :06:01.Brexit so we need to train our own. That is the issue, it makes sense
:06:02. > :06:05.when you put it on paper. The shortcoming is that the moment there
:06:06. > :06:08.are plenty of nursing vacancies, last month we saw some figures
:06:09. > :06:14.showing for the first time more people were leaving them joining.
:06:15. > :06:20.The reality is, even now, with EU citizens coming in we still have
:06:21. > :06:25.many vacancies, said the issue there is, though creating these posts
:06:26. > :06:28.create supply? That is uncertain. The question is, nurses don't feel
:06:29. > :06:31.happy with the job at the moment, over half leaving are not retiring
:06:32. > :06:36.but leaving because they don't want to work as nurses. And we are having
:06:37. > :06:43.to pay huge amounts of money for local rooms to in the gap -- locums
:06:44. > :06:45.to fill the gap. The government is worried about inefficiencies when
:06:46. > :06:50.they bring in more money for the NHS, that it will be spent like
:06:51. > :06:54.previous governments in inefficient areas, not services people need when
:06:55. > :06:59.they go to emergency hospitals. But you make a good point, are these
:07:00. > :07:03.nurses picking up these jobs? I think it is important to note that
:07:04. > :07:08.many European countries, forget the US, Singapore and the more radical
:07:09. > :07:14.systems, many European countries which have a better work- life
:07:15. > :07:20.balance for doctors and nurses, see it is not as hard to retain staff.
:07:21. > :07:26.The NHS has lot to learn, not just from Brexit but in general how to
:07:27. > :07:31.make it more appealing environment. You have to attract them before you
:07:32. > :07:42.can train them. Absolutely. And more Brexit! In the i... I don't know why
:07:43. > :07:47.I am surprised! Tangled EU red tape for British tourists, new
:07:48. > :07:51.regulations will increase compote -- convocations post Brexit. We have
:07:52. > :07:54.already seen, passengers coming for a flight three hours early when
:07:55. > :08:00.normally it is two because it will be more security before we have even
:08:01. > :08:07.left. Brexit has certainly tagged those titles which have more to do
:08:08. > :08:11.with the UK being in the open -- not being in the showing an open border
:08:12. > :08:16.area. In this case it is directly tied to Brexit, the fees is very
:08:17. > :08:21.small, 5 euros, but it could potentially coming UK citizens would
:08:22. > :08:27.get permits to last for years, but they will have to go through a
:08:28. > :08:31.process and tick and say where they are staying. I experienced this is
:08:32. > :08:37.American when I come to the UK. It is not owner us, it is doable, but
:08:38. > :08:42.these are small changes people will see as we implement Brexit. It has
:08:43. > :08:46.implications. The last thing I would say is Brussels should be careful
:08:47. > :08:52.because the UK can reciprocate whatever Brussels puts in place.
:08:53. > :08:59.Exactly, and a lot of people like to visit here at the moment. Don't
:09:00. > :09:06.people go to France or Spain? Better weather. Certainly in the last few
:09:07. > :09:09.weeks! What is interesting is it is like the system in the United
:09:10. > :09:14.States, the UK will find itself in a world where it is a mid-side play --
:09:15. > :09:18.mid-size player dominated by large blocks like China, which will make
:09:19. > :09:23.rules that seem convenient to them, they may be bad ideas but they will
:09:24. > :09:27.make the decisions without reference to our interests, so we could find
:09:28. > :09:30.more things like this, little inconvenience we face, simply
:09:31. > :09:35.because someone in Brussels or Berlin has decided to do something a
:09:36. > :09:41.particular way. Unfortunately we will get these decisions and we may
:09:42. > :09:44.find a lot more of this red tape and friction in doing business and
:09:45. > :09:49.transport in the future. Why would anybody be surprised by this?
:09:50. > :09:52.LAUGHTER. Actually, I think it's the UK were to reciprocate by slashing
:09:53. > :09:58.red tape and being the country with the freest travel, and the easiest
:09:59. > :10:02.trade, it could get a good reputation. You are right, if
:10:03. > :10:06.countries don't take that these citizens could feel the
:10:07. > :10:12.inconveniences. The Financial Times, thank goodness Tom is here! LAUGHTER
:10:13. > :10:18.. I am sure you will do a better job. Banks rack up $150 billion in
:10:19. > :10:22.US fines since the start of the financial crisis. Here we are nearly
:10:23. > :10:29.ten years on, aren't we, and this is still a headline story. In the
:10:30. > :10:35.Financial Times admittedly. For people like myself! LAUGHTER. Make
:10:36. > :10:41.it matter to us, Tom. This week is an anniversary, this is what this
:10:42. > :10:44.story is about. Few people will remember it, but there was a
:10:45. > :10:50.little-known hedge fund run by a little-known French bank, and about
:10:51. > :10:53.ten years ago this week it told its investors they couldn't take their
:10:54. > :10:57.money out, usually they shouldn't be allowed to do that. The reason was
:10:58. > :11:01.that some of the investments the hedge funds invested in, sub-prime
:11:02. > :11:06.investments, when not performing as well as the bank expected, so this
:11:07. > :11:12.is seen to be the beginning of the financial crisis to people like
:11:13. > :11:16.myself. We are so grateful for your information! It has real impacts for
:11:17. > :11:22.the public so absolutely. That is one of the most notable things for
:11:23. > :11:26.the average person reading this, the housing market is still affected by
:11:27. > :11:31.the financial crash, the financial sector is certainly affected, and
:11:32. > :11:34.certainly government, and wages continue stagnant, no one has solved
:11:35. > :11:39.the productivity puzzle, people are badly affected by what happened a
:11:40. > :11:46.decade ago. In a way, you want a legacy, because we don't want to get
:11:47. > :11:51.into that mess against. True. It was an exceptional situation. Of all the
:11:52. > :11:56.banking crises we have had since the 1930s it is the worst. In one sense
:11:57. > :12:00.it is hard to predict anything is bad happening again but again on the
:12:01. > :12:04.front page of the Financial Times another story pointing to a consumer
:12:05. > :12:09.credit bubble and banks warning about that. We don't always learn
:12:10. > :12:14.the lessons of the past, and in reality, the same people are still
:12:15. > :12:18.around, so... If you were involved in these activities may be the
:12:19. > :12:22.lesson was in one you saw. We are at record debt for peacetime levels so
:12:23. > :12:28.something happens again, how do we handled it? Quickly on the metro
:12:29. > :12:35.story, the model we have heard these reports about, kidnapped on what she
:12:36. > :12:39.thought was a photo shoot in Milan, here she is, Chloe Ayling, the most
:12:40. > :12:43.sickening story of what she had to do to survive. She has experienced
:12:44. > :12:48.what I personally imagine to be one of the worst things a woman could
:12:49. > :12:53.possibly experience. She was misled to a photo shoot, it appears, in
:12:54. > :12:56.Italy, thought she was going for work and instead man attacked her
:12:57. > :13:06.and dragged her and she was kept for a week and they were threatening to
:13:07. > :13:08.sell her into sex slavery. Extraordinary she escaped and was
:13:09. > :13:11.taken to an embassy. It seem she befriended an attacker, details are
:13:12. > :13:17.still coming out, and she escaped, which is wonderful news, and one
:13:18. > :13:21.hopes the investigation can sort this out. One concern was this was
:13:22. > :13:27.part of the trafficking and broader issues around that. Very brave of
:13:28. > :13:31.her to have her photo on the papers after what she has gone through.
:13:32. > :13:35.That's it from The Papers for this hour. Don't remember, all the front
:13:36. > :13:40.pages are online on the BBC News website with a detailed review seven
:13:41. > :13:47.days a week. Tom and Kate will be back at 11:30pm. Coming up next,
:13:48. > :13:50.it's MEET the AUTHOR.