25/04/2014 The Papers


No need to wait until tomorrow morning to see what's in the papers - Martine Croxall presents a lively and informed conversation about the next day's headlines.

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nine frames into seven. We round up the Dave's action. And we will have


the live sports results. That's after The Papers.


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


us tomorrow. With me are Jennifer Howze, cofounder of BritMums, and


Martin Bentham, home affairs Editor of the Evening Standard. Tomorrow's


front pages. The Independent blames Barack Obama for the collapse of the


Middle East peace process, which it calls "a betrayal of the


Palestinians". The FT leads on the government's decision to cap RBS


bonuses. The Mail says the teenage cancer patient Stephen Sutton has


sparked one of the most extraordinary fundraising campaigns


the country has ever seen. The Mirror has an interview with the


former BBC presenter Susanna Reid, who will launch ITV's new breakfast


show next week. Prince George stares from the front page of the Daily


Express. The paper says he is the real star of the royal tour Down


Under. The Telegraph says David Cameron's new Treasury minister has


called for a dramatic rethink of the High Speed two rail project. The


Times says new mortgage rules are prompting lenders to increase the


rates. And the Guardian looks at UKIP and asks why Nigel Farage has


the other parties rattled. We will begin with the Guardian.


There he is on the front page. Nigel Farage. No MPs, one policy. Why does


he have them rattled? You are from the States, where there are only


really to political parties in the national elections. Do you look upon


this with a quizzical attitude? That a relatively small party like UKIP


can upset the other preestablished ones? It is obvious how much


attention UKIP is getting. This story is interesting because it is


really about Nigel Farage's personality. It talks about how he


has had media training now and he has got security guards. It is


almost about how the election is changing him in a way. But he still


likes a pub lunch without any lunch, liquid and if you facts. This piece


is a very personality driven piece. `` a few fags. He thinks he has the


middle`class conservative voters. He is now heading to disaffected voters


in the north. The most interesting thing here politically, it is in the


subheading, says it is now time for disaffected Labour voters in the


north. Hitherto the narrative has become the Tories need to worry. It


has attracted people from right and left. That is a potential impact. It


is not necessarily going to take people particularly from the Tories.


The Tories are more worried this `` because it can stop it from getting


votes in the key seats they need. But it could affect some Labour


places. Some working`class Labour areas are quite eurosceptics. I


think he could have an impact on some of those places. But not from


the first time `` for the first time. A candidate for UKIP has been


in trouble this week, for unpalatable comments that Nigel


Farage has distanced himself from. This has happened more than once. I


don't suppose they have got a grip on all of their candidates and what


they are saying publicly. And of course they are specifying any


policies yet. It is quite interesting. I think it is


interesting, how UKIP might skew the election, siphon people away. We see


that in America. Where another party siphon is people away, undermined


support for the parties, even if they don't actually... Win a seat.


you are talking about the general election, which is the key one, but


even the euro elections, that could have the trigger effect in the year


subsequent to the election, where people then react to the results in


the elections, if UKIP does well. That could skew politics and people


trying to devise ways to counter UKIP shedding panic into the party.


That's all something that will be fascinating after we have the


European election, which isn't far away. Do you think after the


elections we could get to know some of the other personalities in UKIP?


I don't think so. When you do get these mavericks who pop up and they


say embarrassing things or worse, it almost doesn't seem to matter at the


moment. When Nigel Farage manages to get in further, one 21 debates or


the party leader debate, which it wants, whether he will or not


another question, he is an engaging personality at that level. `` one to


one debates. If you like Nigel Farage will like this story because


it does bring out his personality and some of the things people find


appealing about him. The Times, home loan rates raised. New rules to stop


reckless lending that will affect borrowers. When they apply for a


mortgage, they will have to answer more questions about their lifestyle


and their spending habits. It appears that it's a bit of a burden


on the lenders. A lot more paperwork. A big interview to go


through. The reaction is to sort of put people off for a bit. It appears


that some of the lenders are raising their rates. Exactly. It looks like


Prince George is not very impressed! The grimace on his face. Exactly.


There are a couple of things. All of these extra tax which will load the


process down. And the idea that the mortgage lenders are raising their


rates to deter people, because they can't cope with all of this


business. There is a line saying that some are taking... The lenders


are taking nine days just to open their post. That is going to create


problems. As you say, we have got this new cheques coming in and the


Chief Executive of the Financial Conduct Authority, the regulator,


talks about how many trips to the hair salon you make. I can recommend


somewhere that cost about ?6. They cut my hair and they do a good job!


Anyway... It's not a surprise. You bring in a lot of new rules and


admen and it affects the flow of work. We see that in our own work.


But the consonant is that it makes it so much more difficult for new


buyers or people to even go through the process. But given what we have


seen in the past, where people were allowed and encouraged to borrow


huge amounts of money, which when interest rates go up they can't


afford, isn't this a sensible way of dealing with it? Exactly. In a way,


all this week people have been saying, you mean they weren't


thinking about what people's what it might in one year if things change?


We hope for the best. We hope interest rates will stay at these


historically low levels. But we just don't know. When you look at how


much mortgages cost in the 1980s, up in their teens. Many people would


really be defaulting on their mortgages if we were to ever see a


boom like that. Even if it went up to 5% or whatever, the base rate, it


would have an impact. Especially people who are highly mortgaged. It


is sensible but the mortgage companies need to deal with it


rapidly. They will have to get cracking on that. The i. Bonfire of


bonuses. We have talked about who is receiving what in terms of bonuses


this week. RBS says it will halve its bonus plan because the Treasury


says they won't allow it to happen. Of course they can do that because


this bank is majority owned by the taxpayer. A lot of taxpayers will


say I'm at quite rightly so, what they? Yes. I think the banks, about


bonuses, are still in a defensive posture. The line here is that the


banks are furious about bonuses being blocked. They will comply with


the EU bonus cap. They can only have a bonus of 100% of their pay.


Maximum. But bankers are trying and not succeeding at justifying these


high bonuses. There is still a bit of a disconnect. But they can get


around it, can't they? And if not, people will walk? That's what they


always tell us. That's where there is a slight lack of concrete


evidence. People saying they will leave the country if rates go up and


most people don't do it. Haps we need to see more concrete evidence.


But there is this practical problem, that actually the evidence seems to


be that they get around it by raising base rate salaries and so


on. Maybe it doesn't have quite the impact. But instinctively from a


public point of view I think if they aren't making money why should they


be getting bonuses? They made a pre`tax loss of ?2.8 billion, were


stunned since the financial crisis. It doesn't correlate with justifying


big notices. And the government wants to get the Bancroft its books.


This isn't going to help. Yes, it doesn't help them if they lose some


of the best people. `` bank off its books. Not popular at first sight.


Moving on to the Scotsman. CBI does U`turn over no votes sewn up. This


is the business Confederation. `` votes sign up. It has seen a number


of its members, the BBC amongst them, cancelling confederation. Its


membership of the `` cancelling its mentorship of the Confederation.


They now realise they can't justify it, partly because of the `` a lot


of the businesses say they don't want to take a position and would


stand aside. They now have to retract. Your correspondent was just


making the point, quite rightly, that it could affect the CBI stand


in a future referendum on the EU membership, for example. That would


be interesting. Isn't it a bit late? We know they were attached to the no


campaign. They say it was a mistake by an underling, it wasn't


sanctioned. The big mistake and quite deliberate one. Is this


indicative of a trend towards a yes vote? What was it, 18 bodies


basically said, we don't want to be involved in that. A lot of


businesses don't want to take a political stance but the CBI have


taken a political stance, which will be controversial with shareholders


and customers, viewers in the BBC's case, if an organisation takes a


stance. That's where they have gone wrong. And actually of course the


CBI, their record isn't great. They were advocates of us joining the


euro and we were wrong about that. So, for all its great business


knowledge, you wonder about how good their assessment of these things.


Let's move on. The FT. Russia faces fresh sanctions at the `` as the


West doesn't it stance. Since that was printed, we have more


information from Washington, where the US and other countries across


Europe are considering tougher than in their sanctions against various


individuals. Some of the news agencies are reporting of Putin's


cronies. It might not be that everybody is targeting sanctions


against the same people but would it make a difference to the way Russia


behaves? In the short term probably not. In the long`term it might do.


The economic damage they might face in the longer term could be


substantial. Not least because people will go away from dependency,


`` which will take awhile on Russian gas supplies and so on. That will


harm the economy. Even now, the economy is suffering with credit


downgradings and so on. I think there is that danger. Whether these


particular ones affect the action on the ground in the short term, I


don't think so. Vladimir Putin sees himself as a hero. But are we in


danger in the west of believing everything the West tells us and


nothing Russia tells us? Too many people, what is happening in Ukraine


is effectively a coup. They have overthrown the president who was


democratically elected. I think that it is evolving very quickly and for


your average reader, the issue is that Russia is being very


combative. The situation is changing so quickly... I agree with that


point. The Russians have a point that there is an elected government


there and that we might not like what the president stood for but he


was elected. That is not an absolutely ideal way of bringing in


a new government, a street revolt. It raises issues regarding whether


or not we should support people who overthrow people by nondemocratic


means if we believe in democracy. Probably the last one, the treasury


minister calling for a dramatic rethink of the High Speed two rail


project. She says that it will cause severe and irreversible damage to


wildlife habitats. Many people will agree with her, won't they? There is


a lot of money to spend and no proof that there will be economic


regeneration to the north of England. I think many people on the


line will agree with it. It is the argument we were discussing before,


whether it is the right way to generate investment in the North. I


think that is a question that remains divisive. It puts her in


opposition with George Osborne as well. He is a passionate supporter


of the project. I do not know. It feels like that support that was


there is anything away `` going away. It will be interesting to see


what a big deal it is in the lead up to the general election. Lovely to


have you with us. Stay with us here as we have more on the developing


situation in the Ukraine where pro` Russian forces have captured


international observers. But coming up next it's time for Sportsday.


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