0:00:00 > 0:00:00might be as high as 27 but we will be back at a news conference in
0:00:00 > 0:00:05Stockdale, Texas when it begins. Before that, it's the papers.
0:00:13 > 0:00:17Hello and welcome to our look ahead to what the the papers will be
0:00:17 > 0:00:19bringing us tomorrow.
0:00:19 > 0:00:21With me are Ruth Lea, Arbuthnot Banking Group Economic
0:00:21 > 0:00:28Adviser and Ben Chu, economics editor at The Independent.
0:00:28 > 0:00:30The FT leads on anti-corruption arrests in Saudi Arabia,
0:00:30 > 0:00:31in which 11 princes and
0:00:31 > 0:00:40dozens of senior figures are among those who have been held.
0:00:40 > 0:00:43The Express reports on icy weather conditions set to hit the UK,
0:00:43 > 0:00:46with the country set to suffer polar winds and snow.
0:00:46 > 0:00:49The Telegraph has a warning from the Home Secretary,
0:00:49 > 0:00:54that more ministers are likely to be sacked over the Westminster
0:00:54 > 0:00:55sexual harassment scandal.
0:00:55 > 0:00:58The Metro reports on the mass shooting in Texas in which at least
0:00:58 > 0:01:0120 people are reported to have been killed,
0:01:01 > 0:01:04it also pictures the Queen, amid the Paradise Papers leak
0:01:04 > 0:01:07into offshore funds.
0:01:07 > 0:01:13The Guardian also reports on the Paradise Papers.
0:01:13 > 0:01:21Which it calls the world's second biggest data leak.
0:01:21 > 0:01:26The Times also has that story.
0:01:26 > 0:01:30Let's start with the Guardian. They have unsurprisingly gone with the
0:01:30 > 0:01:34Paradise papers, because they are one of the organisations who have
0:01:34 > 0:01:39been providing information in the first place.The International
0:01:39 > 0:01:41commission of investigative journalists or whatever they are
0:01:41 > 0:01:46called. Whatever gets me about this coverage is we know it is a huge
0:01:46 > 0:01:51link, 13.4 million files have been hacked. Many of the rich and
0:01:51 > 0:01:54powerful have actually been implicated in this, but of course
0:01:54 > 0:01:58the papers tend to pick on the Queen. The Queen's investments in
0:01:58 > 0:02:01various cayman funds, but it's nothing she has nothing to do with,
0:02:01 > 0:02:07it is the Duchy of Lancaster. It's very unfortunate they have picked on
0:02:07 > 0:02:11her. But we are where we are, so to speak. I suppose they think that's
0:02:11 > 0:02:15the sort of catchy story. Yet again, it brings the whole question of tax
0:02:15 > 0:02:20havens into question. There is nothing illegal about these tax
0:02:20 > 0:02:24havens of course, it's about tax avoidance, which is not illegal.
0:02:24 > 0:02:29Some people call it tax planning, not evasion. There is always this
0:02:29 > 0:02:34feeling of the morality issue. I pay my taxes, why can't, why do these
0:02:34 > 0:02:38people get away with not paying them just because they go through tax
0:02:38 > 0:02:43havens where there is zero tax, it's all secretive? It's always with a
0:02:43 > 0:02:47bit of a smell about it even know it's not illegal.And that's why it
0:02:47 > 0:02:52matters to lots of people.If you are someone who does not have the
0:02:52 > 0:02:55ability, the facilities and the amount of wealth to take advantage
0:02:55 > 0:03:00of these things, it does not feel fair that you are paying a certain
0:03:00 > 0:03:04amount of tax and some people potentially are not. Ruth says we do
0:03:04 > 0:03:08not know about any illegality involved in any of the people or
0:03:08 > 0:03:11organisations cited in this, but the point is that there is so little we
0:03:11 > 0:03:15do now because of the lack of transparency. We cannot say one way
0:03:15 > 0:03:21or the other a lot of the time. This is where the difficulties come. In
0:03:21 > 0:03:25relation to the Queen point, Rufus Wright, it's not the Queen herself
0:03:25 > 0:03:29making the decision to put 5 million of my money in tax haven, its people
0:03:29 > 0:03:35advising her -- Ruth is right. There is the issue of the Duchy of
0:03:35 > 0:03:40Lancaster which does manage our money. They say they have an ethical
0:03:40 > 0:03:43consideration when it put the money and it would appear if some of this
0:03:43 > 0:03:46money is going into tax savings and this White House group which is a
0:03:46 > 0:03:54aggressive high Street organisation which mainly lends the poor people,
0:03:54 > 0:03:58perhaps they have failed to some degree in living up to those ethical
0:03:58 > 0:04:05considerations in that respect. -- Bright house. There is some
0:04:05 > 0:04:09substance here we have to engage with.One of the questions asked of
0:04:09 > 0:04:13the Duchy of Lancaster, and about who manages the funds.Moving to the
0:04:13 > 0:04:19Telegraph, as you hint, a moment ago, with all the different options
0:04:19 > 0:04:22that the newspapers have, in terms of what they focus on, they have
0:04:22 > 0:04:30gone with the Queen as well.Indeed. The poor Queen. I noticed here that
0:04:30 > 0:04:34I'd take Ben 's point about the morality but they do claim the Queen
0:04:34 > 0:04:37does not manage the Duchy of Lancaster's investments which are
0:04:37 > 0:04:41decided by the council we have just implied. It pays tax voluntarily on
0:04:41 > 0:04:46any income, now what tax that is, perhaps they do pay voluntary on tax
0:04:46 > 0:04:51which is from Cayman Islands. Who knows. That will be very much in
0:04:51 > 0:04:57focus. I think they have a bit of a media problem here. They have got to
0:04:57 > 0:05:03sort this out.Of course, leaving Buckingham Palace to one side, there
0:05:03 > 0:05:08is more this to come in the next few days.There is. Presumably a similar
0:05:08 > 0:05:11pattern to what we have with the Panama papers, where we will get
0:05:11 > 0:05:14some on the first day, some on the second day and it will go on as long
0:05:14 > 0:05:17as they've got their names because it's in the interest of the media to
0:05:17 > 0:05:22string it out. Fair enough, this is the way of generating publicity
0:05:22 > 0:05:26around their story and the whole issue. What I would hope is that we
0:05:26 > 0:05:30actually get onto some of the more substantive issues. It does feel a
0:05:30 > 0:05:38bit like Groundhog Day, there is not that much difference in what's been
0:05:38 > 0:05:40revealed since the Panama papers last year. What we really need to
0:05:40 > 0:05:42talk about is the policy response, things to do with the campaigners
0:05:42 > 0:05:46around this, the registry of these trusts, the offshore organisations
0:05:46 > 0:05:50which decide how much money can be paid out and coordination between
0:05:50 > 0:05:58governments to try and sort this out, rather than the endless...It
0:05:58 > 0:06:01does require that coordination because if anything significant is
0:06:01 > 0:06:05going to change, there needs to be international change.That's right,
0:06:05 > 0:06:09I quite agree about the Panama papers because I remember following
0:06:09 > 0:06:12that story and there was going to be a meeting, I think there was,
0:06:12 > 0:06:16chaired by David Cameron. But nothing came of it as far as I
0:06:16 > 0:06:21understand. For too many of the tax havens, it's too beneficial. Who is
0:06:21 > 0:06:26going to throw the advantage away? A lot of the tax havens are actually
0:06:26 > 0:06:30British territories. That's a problem. If we close I was down, for
0:06:30 > 0:06:33example, if we made a great sacrifice, someone else would pick
0:06:33 > 0:06:36up and in the meantime our overseas tax savings presumably would be
0:06:36 > 0:06:44losing out.In the end, a cynical view might say nothing will ever
0:06:44 > 0:06:47change because unless every country at the same point agrees the same
0:06:47 > 0:06:51thing, some of the money will go somewhere?You can't use that as an
0:06:51 > 0:06:54excuse and you certainly can't say we are taking this seriously as a
0:06:54 > 0:06:58nation, as a government, then say we don't want to do anything
0:06:58 > 0:07:03substantive, because it means we will lose some lucrative business
0:07:03 > 0:07:08overseas or some overseas territories will live out -- lose
0:07:08 > 0:07:12out. There is a danger of saying, let's wait till we have
0:07:12 > 0:07:15international agreement before doing anything. As you say, nothing will
0:07:15 > 0:07:19ever happen. In this Groundhog Day leaks. Do not forget, we will
0:07:19 > 0:07:23probably get more of these leaks because it's so easy to take a USB
0:07:23 > 0:07:26out of a company now and get that information out there than it was in
0:07:26 > 0:07:30the past.Let's stay with the Telegraph and do with political
0:07:30 > 0:07:37matters closer to home. This is Amber Rudd, with regards to the
0:07:37 > 0:07:42current scandals emerging of Westminster.She is effectively
0:07:42 > 0:07:46saying, it's not over yet. More to come. I think she is effectively
0:07:46 > 0:07:51saying what everybody else knew. They have been various lists of
0:07:51 > 0:07:56behaviour, bad behaviour by MPs, even ministers, circulating. Some of
0:07:56 > 0:08:05those names have been people involved and forced to step down,
0:08:05 > 0:08:09the Chief Whip Gueye, Chris Finch, reporting himself to the police over
0:08:09 > 0:08:13some allegations contained in the mail today. Lots of other names on
0:08:13 > 0:08:18that list. Lots of women likely to come forward because we are now
0:08:18 > 0:08:21seeing the dam breaking and people being emboldened them feeling it's
0:08:21 > 0:08:26the right thing to do, to speak up now, so Amber Rudd is essentially
0:08:26 > 0:08:31confirming what we all suspected, which is this will keep going.And
0:08:31 > 0:08:35party leaders meeting tomorrow, Telegraph talking about today but
0:08:35 > 0:08:40talking about coming up with some sort of plan.One is deploying the
0:08:40 > 0:08:43seriousness of this, it's just terribly unfortunate at this time in
0:08:43 > 0:08:46the government has so many other problems on its plate and so many
0:08:46 > 0:08:49other challenges. It does seem as though one of the names very much
0:08:49 > 0:08:55top of the list of concern is Damian Green, who was the first Secretary,
0:08:55 > 0:08:59State Secretary, and very close to Theresa. One of her close friends. A
0:08:59 > 0:09:04crucial member of the government. It does seem all this business about
0:09:04 > 0:09:09pornography on his computer, this to me, this morning when I saw it in a
0:09:09 > 0:09:13certain Sunday paper, struck me as being trialled by newspaper. If the
0:09:13 > 0:09:16policeman in question really have seen this pornography on the
0:09:16 > 0:09:19computer, why on earth was he sell this to the papers instead of
0:09:19 > 0:09:24actually taking it to the police?Mr Green saying now there was not any.
0:09:24 > 0:09:28This appalling, but it's just drip, drip, drip of implications and I
0:09:28 > 0:09:34find it very unnerving. I'm not condoning harassment for a second,
0:09:34 > 0:09:38but I just think at this particular time, it's almost the last thing the
0:09:38 > 0:09:42government need, or having said that, it's not just the Conservative
0:09:42 > 0:09:47Party.It is not, it's everybody. Everyone caught up in this.We are
0:09:47 > 0:09:50seeing a lot of questions raised about Labour having promoted one of
0:09:50 > 0:09:56their MPs to the Shadow Cabinet, after being told by someone that he
0:09:56 > 0:10:04had harassed them. No one is safe, spotless in this.It's a mess.The
0:10:04 > 0:10:08government is faced with the same issues, similar to tax savings, you
0:10:08 > 0:10:13have to be taken seriously in your condemnation, you have to act. You
0:10:13 > 0:10:16cannot say we're taking it seriously and not act. That's the issue the
0:10:16 > 0:10:20government faces the Damian Green in particular. Though he is obviously
0:10:20 > 0:10:26very close to Theresa May, more evidence comes out, which I think,
0:10:26 > 0:10:30Kate Maltby who made the excuse Asians against him says others have
0:10:30 > 0:10:37said things, it will be a bit like Michael Fallon situation. -- Kate
0:10:37 > 0:10:42Maltby who made the accusation against him.He lost his credibility
0:10:42 > 0:10:45I suppose, which again was a great shame under the circumstances, to
0:10:45 > 0:10:51lose a Defence Secretary who actually was very confident.A word
0:10:51 > 0:10:55about coverage at this stage of the story that still has not fully
0:10:55 > 0:11:00unfolded, sadly, Ruth, this is from the front of The Express. They go
0:11:00 > 0:11:04into more detail inside with reference to this shooting in Texas.
0:11:04 > 0:11:07The irony is that when I last of the papers here with Bennett the story
0:11:07 > 0:11:13was Las Vegas. That was absolutely horrendous, he is yet another
0:11:13 > 0:11:16horrendous shooting. You just think, when will this ever stop? I remember
0:11:16 > 0:11:21when we was discussing Las Vegas we talked about gun-control and I think
0:11:21 > 0:11:26I said at the time that given the particular interests of the National
0:11:26 > 0:11:30Rifle Association etc, it will be very difficult in the States to get
0:11:30 > 0:11:34any sort of gun control. But unfortunately, the consequence is
0:11:34 > 0:11:38that people can get is extremely easy and then you see this appalling
0:11:38 > 0:11:44massacres. It's Agnes.With a Las Vegas so recently in people's minds,
0:11:44 > 0:11:48does that make a difference in terms of how the politics might take a
0:11:48 > 0:11:54look at this?As Ruth says, when Las Vegas happened, there were some
0:11:54 > 0:11:56suggestions that this is surely the straw that breaks the camel 's back,
0:11:56 > 0:12:03so many have died. Donald Trump McKnight had said something, maybe
0:12:03 > 0:12:06we will look again at gun-control, I do not think we have seen anything
0:12:06 > 0:12:12on that front since. As horrific as this is, a massacre in a church,
0:12:12 > 0:12:15apparently it is always shaping up to be one of the fifth worst mass
0:12:15 > 0:12:20shootings in history. Yet we get numb to it. We do, I don't know how
0:12:20 > 0:12:28Americans must feel, seeing this so often. I am very pessimistic about
0:12:28 > 0:12:35even something as horrific as this making a substantive difference to
0:12:35 > 0:12:38American attitudes toward gun-control.They are all spec
0:12:38 > 0:12:42elating might have been some family dispute. You have a family dispute,
0:12:42 > 0:12:47you don't should everybody, it's just bizarre.The motive is one of
0:12:47 > 0:12:50the things that might emerge at that press conference which might happen
0:12:50 > 0:12:56in the next little while, but as yet has not occurred. It was finally
0:12:56 > 0:13:02about the Financial Times, taking us to Saudi Arabia. Arrests and
0:13:02 > 0:13:08significant change at some speed. When Saudi makes the headlines it's
0:13:08 > 0:13:12not usually for things like corruption purges, it's more to do
0:13:12 > 0:13:17with oil prices and behind-the-scenes deals, Yemen,
0:13:17 > 0:13:24geopolitics. This kind of thing is very rare in Saudi. But a very
0:13:24 > 0:13:27interesting, because something is happening there. They are trying to
0:13:27 > 0:13:32float their job all companies with some transparency, they have let
0:13:32 > 0:13:36women drive, which is a tiny incremental change in the Saudi
0:13:36 > 0:13:41context, important. Now this. A corruption crackdown. 11 princes and
0:13:41 > 0:13:46dozens of senior officials arrested, so it's obviously not just going
0:13:46 > 0:13:53after the small fry, even Princess, who we have heard about as investors
0:13:53 > 0:13:58in Twitter, Citigroup. Prominent figures.People who may have thought
0:13:58 > 0:14:03they were well out of these kind of areas. The Crown Prince, the king 's
0:14:03 > 0:14:10son, does seem absolutely sort of determined, to change Saudi Arabia,
0:14:10 > 0:14:14and to change the corruption, he says no one involved in corruption
0:14:14 > 0:14:19will escape the are a minister or a prince and are plenty of Princes in
0:14:19 > 0:14:25Saudi Arabia. The airport was closed because they did not want these
0:14:25 > 0:14:29people they were trying to arrest to get in their jets and shoot off.A
0:14:29 > 0:14:34flight risk, literally.That is worth knowing, isn't it! Thank you
0:14:34 > 0:14:34both.
0:14:34 > 0:14:36That's it for The Papers this hour.
0:14:36 > 0:14:39Thank you Ruth and Ben, you'll both be back at half 11
0:14:39 > 0:14:41for another look at the stories making the news tomorrow.
0:14:41 > 0:14:43Coming up next, it's Meet the Author.