03/06/2014 The Papers


03/06/2014

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


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bring you the latest from the French open as Novak Djokovic and Maria

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Sharapova advance to the semifinals. Welcome to our look at what the

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papers are bringing us tomorrow. With me are Beth Rigby, of The

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Financial Times, and John Kampfner. We are going to start with a

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Financial Times. It is reporting that RBS has become the second bank

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to cap large mortgage loans. The Telegraph has a photograph of two

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veterans who met today for the first time since they took part in the

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D`day landing 70 years ago. The barrel bomb and the ballot box is

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the headline on the front of The Independent, which has been

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examining how President Assad has held onto power in Syria. The Metro

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has the story of three parent babies to be born in two years after

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controversial procedure was given the go`ahead. The Daily Mail says

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that shoppers will have to pay 5p for plastic backs from next year. We

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are going to start with The Financial Times. RBS, mortgages are

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going to be capped amid fears of a housing bubble. The suggestion that

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we are heading, potentially, for a crisis here, that is really

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beginning to gain traction? This is one of those stories that has a fair

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amount of politics in it. It is one of those things, when there is a

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problem with your own country, people want to hear it more from it

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comes from a countryman. They are less prone to hear it when it comes

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from a foreign body. In one respect, the fact there is criticism from the

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European Commission of Britain's policy, will be grist to the mail

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for the Eurosceptics. At the same time, in quality terms, pretty much

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everybody is saying the same thing, that there is an overheating housing

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market, that the Government's well`intentioned moves to help

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people get onto the housing ladder probably made it too easy, certainly

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in London and the south`east. Therefore, the bubble we are already

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seeing, and elsewhere we see 11% house price rises in the past year.

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But the fundamental problem is a lack of supply. Actually, the

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European Commission also said that in the report that they gave

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yesterday, warning on the housing market. What is interesting about

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this story is that the two banks, the two big mortgage lending banks

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that so far have voluntarily capped mortgages, they are RBS and Lloyds.

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Watch our state backed. Which are supposed to be independent. Partly,

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in the case of RBS, the taxpayer owns over 80% of that bank. Are

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these soft measures to try and prevent or stop the Bank of England

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having to intervene? When you think about it, Help To Buy, the

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Chancellor's scheme to help people onto the housing ladder, it is a

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flagship Tory policy, going into the next election. They do not want the

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Bank of England to half to clamp down's On that? On mortgage lending.

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If you can clamp down the market by making it slightly harder to get

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mortgages, maybe that is part of the issue. It is incredibly London

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centric, this story. The Help To Buy scheme has hardly affected London?

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It is 5% of the market. At the moment you can get it to fund house

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prices of up to ?600,000. Lots of people have said, look, Government,

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if you want to help people get onto the housing ladder without causing a

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bubble in London or inflating a bubble in London, why don't you cut

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the amount that people can borrow? Then this money gets funnelled to

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other parts of England, where house prices aren't rocketing. But then

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you are still left with the problem of a densely populated capital with

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lots of young people and families not being able to to buy homes.

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Actually, the problem is house building. Build some more houses.

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That is what the European Commission is saying, Mark Carney said it, the

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man in the street knows it, everybody knows it. Onto the

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Telegraph. This is not a zombie government. Cameron and Clegg put

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Queen's speech as they dismissed Queen's speech as they dismissed

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claims that the coalition has run out of steam. This isn't new news.

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This is legislation. So, it is a zombie government? They are trying

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really hard for it not to be. There was a galloping number of

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initiatives that are going to be announced in the Queen 's speech.

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The final nine months of legislation before the election. There are lots

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of things going on, pension reforms, a new pub code that we wrote about

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today to help tenants of pubs struggling with the pub companies in

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terms of rent. And helping Nick Clegg get on better with Vince

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Cable! Sorry, an in`house joke. They both like a pint. An infrastructure

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built, there are bits and pieces happening. The Government are keen

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to say this is not a zombie, we are a coalition and we are going to keep

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working through until the election. The reality is, both parties in the

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next few months are going to have to... They will have to start

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splitting apart? Even as Clegg and Cameron get together and insist that

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they are taking forward a strong legislative programme for the next

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nine months, they were carping on the Lib Dem inside, saying they were

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the ones that did the Pope reforms, with the Tories dragging their

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heels. `` Pope reforms. The Lib Dems were claiming they have entered the

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Tories from introducing fresh immigration legislation into the

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Queen's speech. At the front of the coalition, you have Cameron and

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Clegg saying they will go all the way. I'm the scenes, people are

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positioning. They have to, because, to use the well worn phrase of the

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last few weeks, there has to be unconscious uncoupling? Or is it

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conscious? Or the Westminster term. It's interesting for Westminster

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anoraks. The merry dance of the coalition parties, the fact it is a

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five`year fixed term parliament, everybody knows when the general

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election will be, the first time in living memory that everybody knows

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when the election will be. Everybody has their manifesto processes in

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place. It's quite clear, the coalition is not going to fall

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apart. It will go into the starting gun of the next general election

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campaign, three weeks ahead, six weeks ahead, as a single government,

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at least in form. Then, suddenly, the actual formal uncoupling will

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just take place. Then, how do they do it? We are already beginning to

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see it. We are saying, that bit was mine, that bit we don't like was

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never hours. At the same time, they have to defend the same record,

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while fighting each other. That, in of itself, will be interesting.

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Curiouser and curiouser. Staying with the Telegraph, GCSEs and

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A`levels being abolished? An unusual story, saying that Ofqual is

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publishing a list of unusual courses. That is what used to be

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derided in university terms as what they would call Mickey Mouse

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degrees. Talking about O`levels, GCSEs and A`levels. This is one of

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those stories, on face value, people would say, that's fine, with the

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emphasis on literacy, numeracy and a much narrower interpretation,

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through Michael Gove, of what constitutes a good education for

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all. My concern, wearing my new day job hat, is, actually, the creative

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industries, more broadly, is the single most booming part of the

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British economy. Employment is six times the average other parts of the

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British economy. There are certain parts, properly taught, of creative

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subjects around arts, music, design, that are just being completely

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sidelined by this government, in its otherwise legitimate focus on

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literacy and numeracy. What that is going to do, long`term, Britain,

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received in TV programmes, designers, fashion, it is rocking

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ahead of other countries in this. If we continue down this route of

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denigrating artistic and creative subjects, then those very people

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that are top business people will not be the next generation. The

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other thing I would say is that you can't have it both ways. On the one

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hand, the Government has massively expanded the university sector and

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higher education sector. There are thousands and thousands more places.

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But everybody should be doing computer studies? Does everybody

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have to go to the Russell group and read politics and philosophy,

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history, chemistry or engineering? You can't have it both ways. If you

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really want to pare down... But the best creative subjects are not soft

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options. They should not be seen, they should not be taught as a soft

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options. They are just as tough as traditional subjects. The Metro,

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three`parent babies, what is this about? I had to read this quite

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carefully to understand it, but this is really interesting, this is a new

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technology whereby, through IVF, you can have donor DNA placed in a

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mother's egg, and it is the sort of second mother, and it is implanted

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into a defective egg to correct genetic faults from the mother. So,

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in cases of genetic illnesses or disorders, this actually means that

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it could prevent children being born with genetic diseases. So what it

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means is the DNA of another woman who does not have these genetic

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disorders is inserted into the egg, and then the sperm, you know, the

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egg goes into the mother who is having IVF, and she grows the baby

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and gives birth to the baby, but the baby will carry DNA from a third

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person. Cancelling out genetic defects. Although you were freaked

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out by the headline, it seems like a brilliant idea, to be able to

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erase... You know, some people end up having children with terrible

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genetic disorders because their partner and they have a recessive

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gene or something, that when they get together, it throws up is an

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intended consequence. It would, you know, mean that parents that are

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carrying genetic disorders would be able to have children that do not.

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Isn't that a great gift? I am sure there are people worried about the

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potential abuse of this kind of technology. But on the face of it, a

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lot of people would say it is probably a good idea. We are going

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to very quickly skip to the Independent, very quickly, John,

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Assad, three years ago he was on his way out, wasn't he? Now he will be

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president for seven years, briefly. The combination of the West, rightly

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or wrongly, saying it was not going to intervene one year or so ago,

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which completely consolidated his position. It sapped the strength of

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the more moderate opposition to Assad, the only opposition in town

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now is the more fundamentalist opposition, and so as a result the

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international community has freaked out at that prospect and has almost

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reluctantly said, this is the lesser of two Peebles. But boy, is the

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evil! The West is going to have to deal with him now, bet. Well, they

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have not really been dealing with him for the last few years, have

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they? I just don't see where this goes, it just feels like it is in a

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chronic stalemate. The picture is very good, the British educated wife

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looks terribly well presented while bombs raining down in Damascus

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suburb is. Quite a contrast. Right, OK, you will be back in an hour for

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more of the stories that Fleet Street have decided to put forward

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for us. At the top of the hour we will have much more on the

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revelations concerning that boys' school up in Rochdale and a

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suggestion from a whistle`blower that he believes a report he had

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written about the sexual abuse at the school was covered up more than

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20 years ago. Now it is time for Sportsday.

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Coming up on the programme, England are edged out as Sri Lanka win the

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match and the one`day international series at Edgbaston. England's

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footballers will be captained by Frank Lampard for the friendly

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against Ecuador

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