06/08/2017 The Papers

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.