06/08/2017 The Papers


06/08/2017

No need to wait 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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Transcript


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

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With me are Reuters Business Correspondent

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

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

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

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Telegraph which says Brexit negotiators have been accused of

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

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

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her 2011 World Championship heptathlon gold medal earlier this

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

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reports that record levels of violence and abuse against

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vulnerable patients at mental health trusts were reported last year amid

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

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areas of England have restricted or completely halted IVF treatment for

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

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eight consulting on taking similar steps. The Financial Times says

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

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

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

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

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

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

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

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

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

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

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

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

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have this bad ER in terms of miscommunication, poor communication

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

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

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

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

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spouted, because realistically, even though some Eurosceptics will

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

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

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

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

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

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the realms of possibility. Some calculations suggest we pay 10

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

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

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

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

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

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

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the officials or if it is Eurosceptic Tories telling the

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

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

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

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

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

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government will then be locking themselves into a corner of

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

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thereby undermining the appearance of competence of the government stop

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

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Brexit negotiator has said we are not talking about anything else

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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previous governments in inefficient areas, not services people need when

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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because the UK can reciprocate whatever Brussels puts in place.

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

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

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

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

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

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

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

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more things like this, little inconvenience we face, simply

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

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

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

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

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

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

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

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countries don't take that these citizens could feel the

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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sell her into sex slavery. Extraordinary she escaped and was

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

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

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

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

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

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

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

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

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it's MEET the AUTHOR.

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