08/12/2017

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0:00:00 > 0:00:01News to the weekend, see you in a bit.

0:00:17 > 0:00:20Well and welcome to our look ahead at what the papers will be bringing

0:00:20 > 0:00:27us tomorrow morning. With me, Helen Brand, OBE, chief executive of the

0:00:27 > 0:00:30Association of Chartered Certified Accountants. And Sebastian Payne,

0:00:30 > 0:00:33correspondent at the Financial Times. Welcome to you both. Before I

0:00:33 > 0:00:36speak to them, let's take a look at some of tomorrow's front pages. The

0:00:36 > 0:00:42Daily Mail calls people to rejoice. We are our way. The Telegraph hails

0:00:42 > 0:00:47the price of freedom from all the stories about Brexit you'll be

0:00:47 > 0:00:53surprised to hear. The express talks of a huge Brexit at last. Mae

0:00:53 > 0:00:59bounces back, that's what the Times runs with. The 2-1 headline, Britain

0:00:59 > 0:01:04sets course for a soft Brexit. The Financial Times itself strikes a

0:01:04 > 0:01:08cautious tone noting Donald Tusk's warnings on tough choices ahead are

0:01:08 > 0:01:15all around. The daily Mirror describes Theresa May as Mrs Softy.

0:01:15 > 0:01:17The Guardian notes the European Union warning there might be delays

0:01:17 > 0:01:30to a final Brexit deal. OK, let's get started on papers. Alan, you

0:01:30 > 0:01:35lead us off with the Daily Mail. There is a Theresa May hand, a

0:01:35 > 0:01:41Claude Junker hand shaking.

0:01:41 > 0:01:46It seems a little over the top.I'm not sure rejoice is necessarily the

0:01:46 > 0:01:49word the business world will be using I think relief is probably

0:01:49 > 0:01:56more along the lines. It's more about losing control of its borders

0:01:56 > 0:02:00and money. The relief in the business world is more about there

0:02:00 > 0:02:03being movement, that we are moving forward.Because you want to get on,

0:02:03 > 0:02:07business wants to get to the trade talks.We know business confidence

0:02:07 > 0:02:12has been severely knocked by the insurgency around Brexit. In our

0:02:12 > 0:02:17global economic conditions, the UK and Irish members, it's been reduced

0:02:17 > 0:02:22by half in the past year. It was all linked to Brexit and lack of

0:02:22 > 0:02:26certainty around the transition period. That the hard border

0:02:26 > 0:02:30possibility... Actually, regulatory governance was something that came

0:02:30 > 0:02:34up quite often with members in terms of what's worrying them moving

0:02:34 > 0:02:37forward. All of those things are starting to be addressed. More

0:02:37 > 0:02:42importantly we can get down to the detail of the trade agreements.If

0:02:42 > 0:02:47we unravel those, those three things, borders, laws and money,

0:02:47 > 0:02:50nothing particularly nailed down. Generalities is what we've got,

0:02:50 > 0:02:57isn't it was indeed.What we've heard today is an Brexit on the 30th

0:02:57 > 0:03:00of March 2019, not much is going to change, we'll still be handing over

0:03:00 > 0:03:05big sums of money, there will still be free movement of people. The laws

0:03:05 > 0:03:09are still going to be mirrored what's happening in Europe the

0:03:09 > 0:03:14foreseeable future. It means nothing changes but for all those people who

0:03:14 > 0:03:18voted for a radical shake-up of our politics, I don't think it's quite

0:03:18 > 0:03:24what they had in the deal put forward today, there is talk of the

0:03:24 > 0:03:27European Court of Justice having jurisdiction for eight years after

0:03:27 > 0:03:32exits day.In political terms, next century, might as well be.Two

0:03:32 > 0:03:37parliaments away from where we stand now. A lot of compromises here. If

0:03:37 > 0:03:41you think a lot of the bellicose rhetoric we had during the

0:03:41 > 0:03:43referendum campaign, it's all been calmed down, cooler heads

0:03:43 > 0:03:48prevailing.The European Court of Justice has been a compromise on the

0:03:48 > 0:03:53European side. They saw that in perpetuity, there would be some

0:03:53 > 0:03:56recourse to the European Court of Justice. There has been some

0:03:56 > 0:04:05compromise on both sides.To your own paper, Sebastian, as you say, it

0:04:05 > 0:04:09seems a little less wildly enthusiastic. Mae blunted by Donald

0:04:09 > 0:04:15Tusk warning on tough choices ahead. Are we saying this was quite a...

0:04:15 > 0:04:19Victory isn't the word, a breakthrough. The next it will be

0:04:19 > 0:04:24terribly difficult.That is the editorial inside our paper tomorrow,

0:04:24 > 0:04:28says exactly that, it's been a tough battle to get here and Theresa May

0:04:28 > 0:04:31has done very well. Also to bring her party with her on this journey

0:04:31 > 0:04:36because she's had this coalition of Brexit is and Remainers who have

0:04:36 > 0:04:39different views on whether country should head. Everybody today was

0:04:39 > 0:04:44giving this is the nod, saying this is a good deal. The tough stuff

0:04:44 > 0:04:47comes on the trade negotiations because a lot of Brexit supporters

0:04:47 > 0:04:52have been holding fire because they really want that final clean break

0:04:52 > 0:05:00in 2021, 2022. Willing to accept handing over money, free movement of

0:05:00 > 0:05:05people, some ECA jurisdiction. They will want a clean, final break.

0:05:05 > 0:05:10Making that work is going to be tough. This is what Donald Tusk said

0:05:10 > 0:05:13today, the divorce is done. It's hard to divorce something, but even

0:05:13 > 0:05:17harder to build a future relationship. We've had a tense 48

0:05:17 > 0:05:21hours in British politics. A lot more of those tense moments before

0:05:21 > 0:05:26this process is over.If one was to say this is leading us towards a

0:05:26 > 0:05:31soft Brexit in headline terms, do you think...I don't think that's

0:05:31 > 0:05:34unfair when you look at the reality of what has been agreed, it is

0:05:34 > 0:05:39softer than harder.What has been negotiated around the Irish border

0:05:39 > 0:05:46issue does look like that. Can you come friend what it's really about?

0:05:46 > 0:05:49It seems everybody has a slightly different view of what it means.

0:05:49 > 0:05:54There seems to be a common view about trying to maintain the status

0:05:54 > 0:05:57quo for citizens of Northern Ireland, in terms of trade and

0:05:57 > 0:06:02access and no imposition of a border. I don't think we seen the

0:06:02 > 0:06:06detail, you hear that coming from the DUP. In terms of wanting to see

0:06:06 > 0:06:11that detail. They don't want a different solution from the rest of

0:06:11 > 0:06:17the United Kingdom.Interesting today, both the pound and shares

0:06:17 > 0:06:24went up, which would indicate the business world feels it is in the

0:06:24 > 0:06:32right direction.A bit of relief. Its major news, people picking their

0:06:32 > 0:06:38way through it. Helen, perhaps you can start this one, May bounces

0:06:38 > 0:06:42back. Fair enough. It's when you come to the little headlines,

0:06:42 > 0:06:45rejuvenated PM to confront Johnson an Brexit. For those of us who might

0:06:45 > 0:06:50have forgotten where Boris stands, what is this about?Boris wants a

0:06:50 > 0:06:55clean break at some point.The Foreign Secretary.I don't know him

0:06:55 > 0:07:05personally, so Foreign Secretary. He wants a clean break. He's going to

0:07:05 > 0:07:08compromise elements now with the endgame in mind. It's been the big

0:07:08 > 0:07:15issue, the Cabinet hasn't discussed the endgame. Buoyed by the success

0:07:15 > 0:07:21of the last 24 hours, saying we're going to have this discussion now.

0:07:21 > 0:07:30We can all aim for a common vision of what Brexit means.The Times

0:07:30 > 0:07:34reported December 19 will be the first time the Cabinet is sitting

0:07:34 > 0:07:37down and saying, what does Brexit means Brexit actually mean in

0:07:37 > 0:07:43practice?How long after the referendum is this? A year and a

0:07:43 > 0:07:47half.The key thing is, the reason they haven't had this discussion is

0:07:47 > 0:07:51because there is no agreement, this is where the real divergences. As

0:07:51 > 0:07:56you were saying, Boris wants that clean break have to like Liam Fox

0:07:56 > 0:08:00and Michael Gove, people like Philip Hammond and Amber Rudd what a much

0:08:00 > 0:08:04closer relationship with the EU. Finding a compromise between those

0:08:04 > 0:08:08will be quite difficult. In the Times story they've said this

0:08:08 > 0:08:11meeting is not going to be about shouting, trying to win arguments,

0:08:11 > 0:08:16it'll be about everybody laying out their positions and explaining where

0:08:16 > 0:08:22they come from. The key figure in this will be Michael Gove. Doing the

0:08:22 > 0:08:25broadcast around speaking on behalf of the Prime Minister this morning.

0:08:25 > 0:08:28The man talking about taking back control, the Democratic

0:08:28 > 0:08:33liberalisation of a concept he's the one saying it's great giving £35

0:08:33 > 0:08:37billion to the EU, just what we wanted. Which way he falls on this

0:08:37 > 0:08:41decision, do we remain close to Europe or go far away? He'll be the

0:08:41 > 0:08:46deciding factor on how you broker the second phase of the talks.This

0:08:46 > 0:08:53indicates more about what Mrs May's position is.If she is softer...The

0:08:53 > 0:08:59story says she wants to confront Boris Johnson on this issue. She is

0:08:59 > 0:09:04clear in her is interesting. I don't think we've had back clarity until

0:09:04 > 0:09:09now.It's amazing when you began this week, in a weak position Mrs

0:09:09 > 0:09:12May was in. On Monday she was meant to do the deal, it fell apart, she

0:09:12 > 0:09:17had to take a quick phone call from Arlene Foster of the DUP who said

0:09:17 > 0:09:20she would block the deal. There was talk of her being gone by Christmas,

0:09:20 > 0:09:24couldn't last the week, now she's bounced back. Even now there is talk

0:09:24 > 0:09:31she will hold the reshuffle, to bring more life into her Cabinet.Is

0:09:31 > 0:09:35it likely in the present scenario? One might think she wants things to

0:09:35 > 0:09:39settle down. You think reshuffle is likely?She does want to have a

0:09:39 > 0:09:42reshuffle and has wanted to do so since the June election. Bit by bit

0:09:42 > 0:09:46she has lost more and more political capital and gain some of the budget,

0:09:46 > 0:09:51the first budget in who knows how long, that didn't fall apart the day

0:09:51 > 0:09:58after. She's now got this deal, bit by bit getting stronger. I think if

0:09:58 > 0:10:02she's going to sack some people, promote some people, before the end

0:10:02 > 0:10:08of the year, it's a pretty good time.There was talk Philip and the

0:10:08 > 0:10:12Chancellor would be moved aside. As you say, his budget has done rather

0:10:12 > 0:10:15well. I haven't heard the business world complaining about it, pretty

0:10:15 > 0:10:20unusual.No, I think the business world, again, as long as certainty,

0:10:20 > 0:10:26stability, is welcome as well. The idea of who is leading, what they

0:10:26 > 0:10:33are leading on, is quite important. Sorry...I do think... There is this

0:10:33 > 0:10:38moment of strength, that's the point. Coming forward we'll get into

0:10:38 > 0:10:40more detail and it'll get really difficult which is what your

0:10:40 > 0:10:47newspaper said. It's not going to be simple.Michael Gove has written in

0:10:47 > 0:10:53the Telegraph... You spotted, seeming terribly enthusiastic, some

0:10:53 > 0:10:57might say a slight reversal of where he was before, it's near the end

0:10:57 > 0:11:01you've spotted what you think is a golden nugget.Indeed, possibly.

0:11:01 > 0:11:05Michael Gove has written an opinion piece which explains what a

0:11:05 > 0:11:09wonderful deal this is, the best deal Donald Trump might say. In the

0:11:09 > 0:11:14end, an interesting sentence about this exit proposal, saying it's a

0:11:14 > 0:11:15British people dislike the arrangement we've negotiated with

0:11:15 > 0:11:20the EU, the arranged... The agreement will allow a future

0:11:20 > 0:11:25government to diverged. What he's saying is... It will not buy into

0:11:25 > 0:11:29the UK hands to follow that trajectory for evermore. Let's say

0:11:29 > 0:11:33we had a soft deal and it wasn't working, the Tory government would

0:11:33 > 0:11:39get a looser, have a hard Brexit. Or a future government might come along

0:11:39 > 0:11:43and say, this isn't working, maybe we should go back into the EU. This

0:11:43 > 0:11:46is a very significant thing for Michael Gove, essentially saying

0:11:46 > 0:11:50even though we thought the Brexit question was closed and done, it's

0:11:50 > 0:11:55in the hands of the people.He says the agreement will allow... He's

0:11:55 > 0:11:58saying this is built into the agreement. Which I've not seen

0:11:58 > 0:11:59highlighted today.

0:12:01 > 0:12:05Nigel Farage will have something sharp to say about that.To put it

0:12:05 > 0:12:09mildly. One thing to note about Mr Gove, one of the reasons he's being

0:12:09 > 0:12:12ultra-loyal, like Mr Johnson, who's been more of a troublemaker, Mr Gove

0:12:12 > 0:12:16is desperate to be Chancellor, that is the job you'll really want. If

0:12:16 > 0:12:20he's very loyal and shows himself politically astute, come the

0:12:20 > 0:12:22reshuffle, maybe the hapless, slightly hapless Mr Hammond might

0:12:22 > 0:12:27get moved aside, that's what he's hoping anyway.Thank you for all

0:12:27 > 0:12:32that.It is like a cunning plan. Let's move on to other matters.

0:12:32 > 0:12:40Funnily enough the sun has it quite prominently, for them anyway. Trump

0:12:40 > 0:12:44frenzy it talks about. Sebastian, remind us what this is all about and

0:12:44 > 0:12:49why it's so important.One of his campaign promises this week was to

0:12:49 > 0:12:53move the US embassy from Tel Aviv to Jerusalem. And acknowledge Jerusalem

0:12:53 > 0:12:59is the capital city. This was a policy instigated by Congress in

0:12:59 > 0:13:031996, but it's so explosive that no US president has ever enacted every

0:13:03 > 0:13:08six months they just ignore it and sign it. Mr Trump promised to do

0:13:08 > 0:13:12this and has fulfilled on this work against the advice of all his

0:13:12 > 0:13:16allies, everyone in Nato, Theresa May, the EU said don't do this, you

0:13:16 > 0:13:19will inflame tensions. He said no, we've got to do it, it's the right

0:13:19 > 0:13:23thing to do. What a surprise, we've had tensions. You can see pictures

0:13:23 > 0:13:27in the son of the Israeli flag burned. Demonstrations at the London

0:13:27 > 0:13:35embassy. One Palestinian protester shot and killed in these protests. I

0:13:35 > 0:13:43think it'll be a tinderbox for this outlandish decision.Mr Trump took

0:13:43 > 0:13:46this decision largely because he said he would. Whatever people think

0:13:46 > 0:13:51of him as president, he gets reviled on so many levels, but actually he

0:13:51 > 0:13:56said he would do it and promised his supporters in the United States he

0:13:56 > 0:14:01would.He said the same on his taxation reforms. He is so...

0:14:01 > 0:14:05Pre-election there was talk of him not following through on these crazy

0:14:05 > 0:14:11ideas. That was the received wisdom. That isn't what happened, is gone

0:14:11 > 0:14:15for his campaign promises and is very keen to keep his constituency

0:14:15 > 0:14:24happy. That is ignoring what his allies and diplomacy and all normal

0:14:24 > 0:14:29forms a baby you expect from the US president.State Department and so

0:14:29 > 0:14:36one as well. You mentioned the business of tax cuts. That seems to

0:14:36 > 0:14:41have gone down very well again with business generally. Is that an

0:14:41 > 0:14:47important marker for the future do you think? From America?I certainly

0:14:47 > 0:14:52think that is Trump's focus, it's about being able to do business,

0:14:52 > 0:14:56sometimes I think it's about his businesses being able to do...

0:14:56 > 0:15:06Particularly tax cuts.They feel they've lost a lot of business to

0:15:06 > 0:15:09other jurisdictions that have made the same kind of tax regimes, so

0:15:09 > 0:15:14yeah, you can see why he's doing that.Indeed.This is for his core

0:15:14 > 0:15:17voters, who the reason they went for Mr Trump over Hillary Clinton was

0:15:17 > 0:15:21because they thought, here is a guy who says it like it is, a proven do

0:15:21 > 0:15:25he cuts deals, he'll get things done. Exactly what he's doing. When

0:15:25 > 0:15:30it comes to his election there will be a lot of outrage and his policies

0:15:30 > 0:15:33that have been discriminatory, helping big business. To a lot of

0:15:33 > 0:15:36those caught Trump supporters, he promised to build the wall and has

0:15:36 > 0:15:41built some of it. He promised to move the embassy. It to put in a

0:15:41 > 0:15:48travel ban and has done that.He is a doer of deals.Jerusalem wasn't a

0:15:48 > 0:15:51deal, it was a unilateral announcement. I think that is the

0:15:51 > 0:15:58worry, that he's taking no notes.He really doesn't carry people with

0:15:58 > 0:16:03him, that's the very distressing thing about the president.One story

0:16:03 > 0:16:06we can't avoid, front page of the daily Mirror, thrills and chills,

0:16:06 > 0:16:11stowing a lot. Observation I would make it is a bit early for snow

0:16:11 > 0:16:17isn't it? Callum McRae yes. Do you like snow?I like to look at it

0:16:17 > 0:16:20rather than be in it.You won't be tobogganing down the hill like the

0:16:20 > 0:16:24little girl or boy on the front.I don't think we'll see snow in London

0:16:24 > 0:16:28but the rest of the country should have some fun. I hope it's positive

0:16:28 > 0:16:32for the children. Not fun for the children who lose electricity.

0:16:32 > 0:16:37Coming up to Christmas I imagine it is the last thing...They don't deal

0:16:37 > 0:16:42well with these things.It's about having the infrastructure and

0:16:42 > 0:16:45planning to recover, that we know how to cope with this. It is where

0:16:45 > 0:16:50the testis.We don't have to cope, I guaranteed by Monday morning it'll

0:16:50 > 0:16:54be train lines covered in snow, roads blocked.As long as it's the

0:16:54 > 0:16:58right kind of snow.The crunchy kind of snow you can get your feet into.

0:16:58 > 0:17:02Thank you both very much indeed, that is it from the papers, you can

0:17:02 > 0:17:06see the front pages of the papers online at the BBC News website. The

0:17:06 > 0:17:13death seven days a week. -- they are there seven days a week. If you

0:17:13 > 0:17:16missed the programme any week you can watch it later on the BBC

0:17:16 > 0:17:29iPlayer. To Helen and is -- Sebastien Buemi goodbye.

0:17:30 > 0:17:34To Helen and Sebastian, thank you. Goodbye.