25/04/2014 The Papers


25/04/2014

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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159`7 `` trailing 9`7. We will have the live sports results, that's in

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15 minutes after the papers. Hello. Welcome to our look to what

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the papers will be bringing us tomorrow. With With me are Jennifer

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Howze, co`founder of BritMums, and Martin Bentham, social affairs

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editor of the Evening Standard. Welcome to you both. Tomorrow's

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front pages then, starting with The Independent.

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It blames Barack Obama for the collapse of the Middle East peace

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process which it calls a betrayal of the Palestinians.

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The FT leads on the Government's decision to cap RBS bonuses. The

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Mail says the teenager cancer patient Stephen Sutton has sparked

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one of the most extraordinary fundraising campaigns the country

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has ever seen. The Mirror has an interview with the

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

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show next week. Prince George is on the front of the

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Daily Express. The Telegraph says David Cameron's

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new treasuary Minister has called for a dramatic rethink of the high

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speed two rail project. The Times says new mortgage rules

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are prompting lenders to increase their rates.

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And The Guardian looks at UKIP and asks why Nigel Farage has the other

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parties rattled? Let's begin and start with the I and

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the head headline: Bonfire of the bonuses. RBS forced to half its

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bonus plan. They can do this because we own most of the bank. There are

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European Union rules which say that if a bank or any business wants to

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award bonuses of more than the level of the salary, 100% of salary or

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more, then the shareholders can block it and because we are a

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shareholder we are able to, or the Treasuary is able to block it on our

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behalf and that's what they've done on this occasion. What's interesting

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about this is not only the RBSveto but the other ones that have been

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going on where there have been revolts and they haven't succeeded.

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The Barclays one yesterday. I think it's happened with the owners of the

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FT. There's been a spate of these revolts which is an interesting

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trend. Before people used to ` the view was everything got waved

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through, it was the same people approving pay packages for other

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people of like minds and so on and nothing was going to change. This

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seems to be a bit of a different wind. Is anything changing? You get

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the sense there is more visible anger, but there still seems a bit

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of a disconnect. Once again banks are saying we have to pay these

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bonuses, we have to keep people. I am really wait g waiting for a bunch

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of stories about bankers say saying I left my job here and went

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somewhere else. It feels like there's that constant threat. We are

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going to lose our great people if we don't pay these bonuses so we are

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held ran some to it, is that happening `` ransom? I could be

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convinced there is a problem if there is an exodus of talent. There

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is a suggestion some are going to go to the US, for example. If that

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starts to happen, we are yet to see real evidence, proper evidence

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that's happened. It's always raised as a possibility. It may happen, but

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I think the industry needs to make that argument more strongly and more

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in concrete terms. Under these new EU rules they can still receive a

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bonus of 100% of their salary. Most of us would be thrilled with that

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idea. I would be delighted with about 3%. Of course there are other

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ways of perks and housing allowance and those kind of things that some

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these folks get, as well. They could dress it up as something different

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to get around the rules. That's one of the arguments, actually what

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happens is the salary is increased and they get the same amount of

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money and so on. There is clearly from the Treasuary's point of view a

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PR exercise here and maybe there should be. Especially if a bank is

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not performing as well as it ought to. It's done very badly. Let's move

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on and look at the FT. Angela Merkel warning Russia it faces fresh

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sanctions as the West toughens its stance. It feels like we have been

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waving the idea of tougher sanctions for sometime. Is it making any

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difference? It was interesting this week John Kerry's kind of tough

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anti`Russian stance, criticising it of destabilisation. I mean, they're

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talking here about sanctions and it says these are going to be in the

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forms, likely to add names of 15 Russian or Crimeaen individuals to

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those already facing travel bans and asset freezes and the US is

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considering adding banks or state`owned companies to the list of

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sanction entities. That doesn't seem like huge sanctions. It could be.

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It's interesting Angela Merkel is now talking about it because the

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Germans are the ones who have been holding Europe back because they've

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this big gas deal with the Russians. They've cancelled their nuclear

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programme. They're dependent on Russian gas. They've been the ones

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restraining others in the European Union who have been pushing for

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tougher sanctions. That's significant in itself. On the other

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hand, sanctions are still fair fairly paltry at this stage. The

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Americans have come out with stronger stronger ones. It's a test

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for Europe. They've still got to go to the whole of the European Union,

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the 28 Foreign Ministers and get agreement. Things are dropping on

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the news wires as we speak. One quote source sourcing ` one quote,

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sources familiar with the matter, additional sanctions on Russian

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individuals on Monday over Ukraine. This story is also on The Telegraph.

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It's in a different guise with a more sort of British slant,

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suggesting our army cuts have given Putin muscle. Military cuts have

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emboldened Britain's potential enemies and diminished our global

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influence according to the Commons defence committee, that's what

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they're warning. Really? Do you think that he is sitting in the

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Kremlin, ha`ha, they've cut a few battalions, so off we go? The

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In relation to this, yes, it's hard to see we could be sending, 100,000

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troops, deploying people down there, we had new aire craft carriers ready

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to go `` aircraft carriers ready to go, I can't see that making any

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difference. Nobody wants boots on the ground. The Americans backed out

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of Syria and clearly would be reticent about taking on Putin. We

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are hearing the Pentagon has confirmed Russian military aircraft

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have entered Ukrainian air space on several occasions over the past 24

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hours. It is the economic thing that's ultimately damaging to

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Russia. Their economy is not in a great state. The credit rating has

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been downgraded again today by one of the credit rating agencies. The

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interest rates have gone up. They've weaknesses there that in the

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long`term they could suffer. Let's move on to another story that's

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still on the front of The Telegraph. Ministers battle to scrap HS2. A new

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Minister who has warned that the ?50 billion scheme doesn't represent

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value for taxpayers' money. This will be music to the ears of a lot

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of Conservative MPs for whom ` they think this would blight their

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constituencies. Yes, apparently lots of people who feel it's going to

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blight their constituency are against it. I think it's quite

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interesting how the story talks about things that she said and the

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votes ` what she voted in the past. Then it seemed unclear whether the

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information had disappeared from a website. I don't know. A dramatic

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rethink is what is being urged. Her constituency is one of those that

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the line is going to go through. I think the question with this, I mean

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she talks apparently about irreversible damage to areas of

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natural beauty and heritage sites. That is a concern. Personally the

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bigger issue is whether it's the right investment for that sum of

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money and whether actually this idea it's going to bring extra business

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to the north, for example, is the right way to bring business to the

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north and build the `` and whether the alternative that was raised

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recent recently by one of your BBC colleagues, about a megaCity in the

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north and better links. It still keeps London as the sort of hub in

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the south. That's the bigger question. The Times. We have been

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talk being this, it concerns a lot of people getting mortgages. Home

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loan costs raised to cope with new checks. New checks that come in at

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midnight tonight where anyone applying for a north has to answer a

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lot more questions. Harpwiring in `` hardwiring in common sense is what

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we are told it will do. It appears ` it seems to be slowing the process

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down a little. The suggestion is that maybe some lenders don't want

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the business at the moment. Perhaps it is eminently sensible to do

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slightly better checks on what people actually can pay, especially

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if interest rates might go up in the future. Certainly going from the

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days when you could just walk in and say, I own such and such, it was all

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self certified. This is saying that mortgage lenders are simply putting

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up the rates to slow the process down, because they can't cope. That

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could be a real heartache for people. Now you can only get your

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mortgage approved when you have an offer in. Because property prices

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are inflating, there is this whole trend reappearing of offenders,

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halfway to the process, saying, can you give me an extra ?20,000 because

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the price has gone up in the time it has taken for the sale? If the

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lenders aren't able to get it moving quickly, quite a few buyers will be

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vulnerable to that. The price might go up during the sale, but during

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your mortgage vetting meeting, these can take three hours, they can ask

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about things like how much you spend on trips to the hair salon. It's

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important that banks are asking the right questions about your financial

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picture, but some of these, they seem a little bit laughable. In

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terms of delving into the specific household budget issues. There's an

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interesting quote here, some lenders are deliberately inflating rates to

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deter applicants while they deal with the new regime, says a broker

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at Trinity Mortgages. I think the site they have to use, the website

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has found it difficult to cope with demand. It will be interesting to

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see what happens over the next few weeks when we all have to start

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answering those questions. Let's go back to The Telegraph. It's doing

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very well tonight. Third story. Parents, the online monitors, it

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says. We are being encouraged to use intrusive supervision on how our

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children behave online. This is coming from Keith Bristow, from the

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National Crime Agency. Are you poking around to find out what your

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children are doing online? Well, yes. I used to be a bit more classy

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a lot safer `` relaxed about it. I might get slammed for this, but I

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don't think there is anything wrong with you invading your children's

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privacy. When they are young, they need to learn about the rules for

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using the internet. Some of this is, yes, social media, what you should

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say and what you should not say. Some of it is pop`ups, clicking on

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things that can affect the security of your computer. Are you... I mean,

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I don't know, I have only just met you this evening, you might be very

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technically minded. Are your kids ahead of you? Well, I am in the

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online and social media world all of the time, so they are not. I need

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some lessons from you! My daughter is well ahead of me, I can tell you.

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In one way it is sensible to have some sort of awareness. I think it

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is also slightly impractical, overall. I think the real key to it

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is the education thing. And trust? Yes, I have a daughter, you trust

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her to do the right things. Hopefully you tell them about the

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risks and let them apply themselves in a sensible way. I think the idea,

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when you get teenagers now and they are spending power after hour to

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keep going and... I just think it's difficult. Isn't it justified if you

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are keeping them safe to be intrusive? They've got to learn to

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cope with risks. In society we can get absolutely paranoid. Of course,

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terrible things happen, but they don't happen to many people. There

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is a danger that you get completely paranoid and destroy children's

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freedom. Not just this, going out in the streets, out and about, those

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kind of things. I think there is a danger that we get obsessed with a

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potential risk that does exist at the price of people growing up and

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learning to be individuals. But keeping tabs is not the same as

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crushing their freedom. It depends on the balance, doesn't it? I thing

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sometimes we think that children, and 18s in general, might be more

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sophisticated about the internet and social media than they are. They

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might use it a lot, but they might not know what they think. The

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Express, millions face crisis in old age. Not saving enough, facing

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meltdown, apparently we are sleepwalking towards financial

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meltdown. We need to save up to ?600,000 to enjoy a comfortable old

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age. Where is that supposed to come from? Well, who knows, these days?

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It is interesting, it does not say exactly where these figures came

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from. You want evidence as well? Indeed. There is an important topic,

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there is something perennial about this story, we are not saving

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enough, we need to think about it more, maybe worry about it more. It

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is pretty alarmist. It brings appear, you know, it means millions

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will be forced to rely on the state. We will come back to this story and

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I will let you have your say later on. We will be back again at 11:30

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with Jennifer and Martin for another look at the front pages of the

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newspapers tonight. Stay with us on BBC News. Coming up at 11 o'clock,

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more on those new rules that are going to affect mortgage lenders.

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Now, time for Sportsday. Hello and welcome to Sportsday. I'm

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Lizzie Greenwood Hughes. The headlines tonight: Happy but

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nervous, Ryan Giggs says taking charge of Manchester United is the

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proudest moment of his career. Brighton condemn Yeovil town to

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relegation from the Championship, beating them 2`0. And

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