06/08/2017 The Papers

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


With me are Reuters Business Correspondent


Tom Bergin and Kate Andrews, Director of News at the Institute


Kate joins us for the first time whereas Tom is a familiar face. Nice


to have you here. Let's look at the front pages, starting with the Daily


Telegraph which says Brexit negotiators have been accused of


trying to push through a ?36 billion divorce bill while most of the


Cabinet is on holiday. The picture shows Jessica Ennis-Hill collecting


her 2011 World Championship heptathlon gold medal earlier this


evening after the original winner was banned for doping. The Times


reports that record levels of violence and abuse against


vulnerable patients at mental health trusts were reported last year amid


accusations of endemic use of force in the NHS. The Guardian says 13


areas of England have restricted or completely halted IVF treatment for


women struggling to conceive since the start of the year with a further


eight consulting on taking similar steps. The Financial Times says


financial institutions have paid more than $150 billion in fines in


the US relating to the credit crisis. The Daily Mirror has the


father of Princess Diana's driver claiming British police told him she


was murdered. According to the metro, a model kidnapped in the land


then tortured and offered the sale feared she would be killed. The Sun


says the model has now described how she was drugged and stuffed into a


suitcase. We'll come to that story at the end, but first of all, the


Daily Telegraph, a couple of Brexit related stories, Tory anger at


officials over Brexit divorce bill. This is the ?36 billion the


Telegraph reported this morning would be offered to be EU, Kate. It


looks as if the Cabinet are not in the loop. There are two stories on


this front page, the first is how the Conservatives are continuing to


have this bad ER in terms of miscommunication, poor communication


or not speaking at all, how last month some ministers were not told


about plans for EU citizens coming to the UK, and again we have a story


where communication has been terrible. To get to the divorce bill


itself, it is quite interesting, this 36 billion figure being


spouted, because realistically, even though some Eurosceptics will


criticise paying the bill at all, it is a payment to get a good trade


deal and it is a sign... It is a sweetness. It is, that a concession,


the EU has spending plans assuming the UK would be a part of them and


now the UK's leading it is a sign of goodwill to say we will pay


something. It may be around 26 billion but 36 billion is not out of


the realms of possibility. Some calculations suggest we pay 10


billion in the year, with a three or four year transitional period that


gets us to this figure. But if this is offered by civil servants without


Cabinet ministers aware of it, that is a bit of an issue, isn't it? Of


course, it would be unusual, but there are not many situations where


by civil servants go off the reservation and make these offers.


One wonders whether the Tory anger with respect -- is with respect to


the officials or if it is Eurosceptic Tories telling the


government, we don't want to pay any money so we will continue to put


pressure on you to pay as little as possible. Obviously it will be a


matter of negotiation both sides agreeing that money will be paid,


but it seems that we have people who are unhappy about that and would


like it as small as possible so it they will keep the pressure on. The


government will then be locking themselves into a corner of


potentially coming out with a very large amount it has to pay, and


thereby undermining the appearance of competence of the government stop


the idea of having to pay something has come about because the EU chief


Brexit negotiator has said we are not talking about anything else


until we get this settled. As an opening offer, 36 billion looks like


it might have to go up. That is a concern about leaks, when the


numbers come out, the public adjust to this number, then if it is


bigger, people in general will say, that is too much. I think this is


more of the PR problem than when it comes to negotiations in Brussels.


Yes. Leaks. It seems to be the issue of the day. These leaks and


conversations, I doubt anyone in Brussels is reading this very much.


It seems to be an issue of domestic consultation. I doubt be you chief


Brexit negotiator is affected by it -- the EU chief negotiator. Everyone


wants a Brexit headline so when they will put -- get the numbers they


will put them everywhere. The other Brexit story on the Daily Telegraph


is, NHS seems to have army of British nurses, home-grown nurses!


Love that expression! Did they put them in a composting bag and grow


them from seed? It will take quite a long time, won't it? To be serious,


the idea that we won't have enough staff to work in hospitals post


Brexit so we need to train our own. That is the issue, it makes sense


when you put it on paper. The shortcoming is that the moment there


are plenty of nursing vacancies, last month we saw some figures


showing for the first time more people were leaving them joining.


The reality is, even now, with EU citizens coming in we still have


many vacancies, said the issue there is, though creating these posts


create supply? That is uncertain. The question is, nurses don't feel


happy with the job at the moment, over half leaving are not retiring


but leaving because they don't want to work as nurses. And we are having


to pay huge amounts of money for local rooms to in the gap -- locums


to fill the gap. The government is worried about inefficiencies when


they bring in more money for the NHS, that it will be spent like


previous governments in inefficient areas, not services people need when


they go to emergency hospitals. But you make a good point, are these


nurses picking up these jobs? I think it is important to note that


many European countries, forget the US, Singapore and the more radical


systems, many European countries which have a better work- life


balance for doctors and nurses, see it is not as hard to retain staff.


The NHS has lot to learn, not just from Brexit but in general how to


make it more appealing environment. You have to attract them before you


can train them. Absolutely. And more Brexit! In the i... I don't know why


I am surprised! Tangled EU red tape for British tourists, new


regulations will increase compote -- convocations post Brexit. We have


already seen, passengers coming for a flight three hours early when


normally it is two because it will be more security before we have even


left. Brexit has certainly tagged those titles which have more to do


with the UK being in the open -- not being in the showing an open border


area. In this case it is directly tied to Brexit, the fees is very


small, 5 euros, but it could potentially coming UK citizens would


get permits to last for years, but they will have to go through a


process and tick and say where they are staying. I experienced this is


American when I come to the UK. It is not owner us, it is doable, but


these are small changes people will see as we implement Brexit. It has


implications. The last thing I would say is Brussels should be careful


because the UK can reciprocate whatever Brussels puts in place.


Exactly, and a lot of people like to visit here at the moment. Don't


people go to France or Spain? Better weather. Certainly in the last few


weeks! What is interesting is it is like the system in the United


States, the UK will find itself in a world where it is a mid-side play --


mid-size player dominated by large blocks like China, which will make


rules that seem convenient to them, they may be bad ideas but they will


make the decisions without reference to our interests, so we could find


more things like this, little inconvenience we face, simply


because someone in Brussels or Berlin has decided to do something a


particular way. Unfortunately we will get these decisions and we may


find a lot more of this red tape and friction in doing business and


transport in the future. Why would anybody be surprised by this?


LAUGHTER. Actually, I think it's the UK were to reciprocate by slashing


red tape and being the country with the freest travel, and the easiest


trade, it could get a good reputation. You are right, if


countries don't take that these citizens could feel the


inconveniences. The Financial Times, thank goodness Tom is here! LAUGHTER


. I am sure you will do a better job. Banks rack up $150 billion in


US fines since the start of the financial crisis. Here we are nearly


ten years on, aren't we, and this is still a headline story. In the


Financial Times admittedly. For people like myself! LAUGHTER. Make


it matter to us, Tom. This week is an anniversary, this is what this


story is about. Few people will remember it, but there was a


little-known hedge fund run by a little-known French bank, and about


ten years ago this week it told its investors they couldn't take their


money out, usually they shouldn't be allowed to do that. The reason was


that some of the investments the hedge funds invested in, sub-prime


investments, when not performing as well as the bank expected, so this


is seen to be the beginning of the financial crisis to people like


myself. We are so grateful for your information! It has real impacts for


the public so absolutely. That is one of the most notable things for


the average person reading this, the housing market is still affected by


the financial crash, the financial sector is certainly affected, and


certainly government, and wages continue stagnant, no one has solved


the productivity puzzle, people are badly affected by what happened a


decade ago. In a way, you want a legacy, because we don't want to get


into that mess against. True. It was an exceptional situation. Of all the


banking crises we have had since the 1930s it is the worst. In one sense


it is hard to predict anything is bad happening again but again on the


front page of the Financial Times another story pointing to a consumer


credit bubble and banks warning about that. We don't always learn


the lessons of the past, and in reality, the same people are still


around, so... If you were involved in these activities may be the


lesson was in one you saw. We are at record debt for peacetime levels so


something happens again, how do we handled it? Quickly on the metro


story, the model we have heard these reports about, kidnapped on what she


thought was a photo shoot in Milan, here she is, Chloe Ayling, the most


sickening story of what she had to do to survive. She has experienced


what I personally imagine to be one of the worst things a woman could


possibly experience. She was misled to a photo shoot, it appears, in


Italy, thought she was going for work and instead man attacked her


and dragged her and she was kept for a week and they were threatening to


sell her into sex slavery. Extraordinary she escaped and was


taken to an embassy. It seem she befriended an attacker, details are


still coming out, and she escaped, which is wonderful news, and one


hopes the investigation can sort this out. One concern was this was


part of the trafficking and broader issues around that. Very brave of


her to have her photo on the papers after what she has gone through.


That's it from The Papers for this hour. Don't remember, all the front


pages are online on the BBC News website with a detailed review seven


days a week. Tom and Kate will be back at 11:30pm. Coming up next,


it's MEET the AUTHOR.