03/06/2014 The Papers


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 each and


Maria Sharapova get through to the next round. `` Novak Djokovic and.


That's up in 15 minutes after the papers.


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


us tomorrow. With me are Beth Rigby of the Financial Times, and the


director of the Creative Industries Federation, John Kampfner.


Tomorrow's front pages. The Financial Times reports that the RBS


has become the second bank to cap large mortgage loans.


Tomorrow's front pages. The Financial Times reports that the The


Telegraph has a photograph of two veterans who met today for the first


time since they took part in the D`Day landings 70 years ago.


There are also commemorative portraits of some of the D`Day


veterans in the Guardian. The barrel bomb and the ballot box,


is the headline in the Independent which examines how Assad held on to


power in Syria. The Metro has the story that


three`parent babies could be born within two years after the


controversial procedure was given the go`ahead.


And, the Mail says shoppers will have to pay 5p for plastic bags from


next year. And finally The i suggests there are


going to be reforms to pensions, tax`free childcare, and shale gas


exploration in the coalition's last Queen's Speech.


We are going to start with the Financial Times. RBS capping


mortgages amid London fears. RBS is owned by you and me. And, Lloyds.


That is the other bank that has joined RBS in capping... There is


the massively overheating housing market in London. Today's figures


show that house prices grew at a rate of 11% annually. That his


record prices of housing in London. Two banks, partly state`owned, will


now cut mortgages. ``. RBS are going to restrict customers to a maximum


of four times their income of half ?1 million or more and they will


restrict the length of time people can take mortgages. Why? We saw this


from the European Commission about the UK housing market and about the


property bubble, suggesting to the chancellor he may want to rethink


his help to buy scheme which is designed to help first`time buyers


onto the latter by the government backing deposits for them. It is


also against the backdrop of Marconi at the Bank of England, and whether


or not he needs to step in `` Mark Carney. V Help`to`Buy scheme which


was accelerated at the last party conference to fanfare is a key


policy for them going into the election `` the Help`to`Buy. The


government will be concerned by suggestions that they are


facilitating a housing bubble and all the ramifications of that for


the economy. Will it be enough? You need them nationwide. You need


Chelsea and all of the others to get on board with this kind of policy.


You do and you don't. If the Bank of England starts sending signals to


the European Commission, no one wants to be seen to be responsible


for the next housing crash. Therefore, there will be banks


leading by example and others falling behind. This is a back to


the future feel. It is the same situation in the middle of the last


decade. Just before the crash, we said never again. Now we have this


classic thing. Supply hasn't improved and we are all equally


guilty of their not being any equivalent anywhere in the world for


our obsession with property. It is the ultimate Berlin the eighth of


how you have done in your life. `` deliniator. In countries like


Germany, we think it is a tragedy... Within the Westminster


chatter, at the time that the Help`to`Buy scheme was launched,


there was talk that what Osborne and Cameron wanted to do was have a mini


housing boom before the election. It makes homeowners feel good. You are


thinking, I am sitting here and my house is appreciating. By ?500 per


day or whatever. You have to remember that is the constituency


that votes in elections. Help`to`Buy isn't part of that. The figures


released suggested that it is such a small proportion of the housing


market at the moment. The housing market is a chain. If there aren't


people coming in at the bottom to buy the lower price stock, people


can't trade up. You need the chain to be working. That means people


have to be getting in. If house prices are going away from what most


people can afford, then you help them out. Chain, nationwide isn't


working. The undersupply is a London and south`east London phenomenon and


also the sense of people sitting there, on their hands doing nothing,


seeing the pounds rolling in everyday as a result of their


property. The government have gone to great lengths to stress that the


Help`to`Buy scheme isn't primarily benefiting people from London, but


people around the country. I will be interested to see whether they do


tweak the system. They need to restrict it to mortgage lender


outside London because they might want to take a bit of control but


for this gets... (CROSSTALK) one on the electoral cycle. You can bet


your bottom dollar that whoever comes in in a year's time, they will


be amenable to putting the squeeze on things. Tightening things up.


Onto the Daily Telegraph. Zombie government. Claims are dismissed


about the coalition running out of steam. Announcements that people


don't have to take out annuities. Everyone can drive the Lamborghini


announcement at the last budget. In other words, you can splash all of


the case that you saved up immediately. The counter argument is


that you need to trust in the public and the public knows if they have


spent 30 years or more are saving into a pension that they only have


one chance to use it. That is a argument we know about. One year


before the election, both parties will have to split away and define


themselves. It is about the election now. The fascination about all of


this is that this is a fixed term parliaments. `` Parliament. Both


parties are conducting a very choreographed dance, except when


they step on each other's toes, which they do at reasonable


intervals, around co`sharing the record, which they have set in the


preface, then distancing themselves before the election. It will be


messy. It is great. Cameron and Clegg loving. For years on, the


government are governing together, taking bold steps. The rhetoric does


not match the reality. The Queen's Speech is a series of announcements


they have already announced. A serious `` series of legislative


changes that have already been announced. The shale gas is new. I


don't think there will be a massive intake of breath tomorrow. As you


said, the reality is they will have to spend the next nine months


differentiating themselves. Any radical ideas will come in the


manifestoes. It is all not trying to push through new laws GCSEs and a


levels are to be abolished. The story is about the watchdog,


publishing a list of unusual courses. What are we talking about?


It says performing arts. I was wondering if that is what is


commonly referred to and young people study now, drama, or


something different. A lot of drama courses are very good. Media


studies? Environmental studies, applied science, is on the list. My


argument is that along with the absolute vital emphasis on the


basics, literacy and numerous sea, or, the three Are as, the creative


industries is the strength `` three Rs. That is the growth areas. That


is where the employment boom is based `` numeracy. If you sacrifice


the best bits, we lose the unique selling point. The reality for


students now, when they are facing ?9,000 of tuition fees per year,


they need a job. You are right, the creative industries is huge. Things


like design! Architecture. It is as strong as English or history. I


sympathise with young people, who I don't count myself among, they must


be looking at ?27,000 in fees. You are going to want to be an engineer


or get into the Russell group of universities to get as much


leveraging can to get a job. It is tough. That is why this thing is


called Stem subjects. The idea is to change it to steam subjects,


science, technology, art and maths. OK. The i, top right, a picture they


are. Incredibly iconic `` there. A photo of Tiananmen Square. The


Communist Party attempt to bring a measure of democracy in then. The


people campaigning on the streets, certainly. It is still entrenched,


even more than it was then. This is probably the most significant moment


in China's modern history. It was the moment which the dark side of


the Communist Party, the world spotlight was on it. I would argue


that it actually ushered in a period of capital and capitalist reform.


The Chinese population are still very constrained by the government.


I read something in the FT about students being allowed to go to the


internet for 60 hours per month. They must sign in with a password


when they use the intranet so that they can track them. The two track


process of political control and economic liberalisation has


transformed the lives of Chinese people. Though I am sure there must


be many who live there and who would like the economic liberalisation to


move into the political sphere. Given the size of the country, that


increase in wealth has only affected a small percentage. There are


thousands of demonstrations in the countryside every single day. I


remember when I was based in Berlin when the Wall came down and when


communism ended in Russia. I wasn't in China. There is the assumption in


the West that you introduced Dunn introduce capitalism and get rid of


authoritarianism. The idea that free markets and free societies go


together. 25 years in the past has proven the opposite. The Chinese


model proves that you can buy people off. The big thing, as long as, you


have the growth rates that continue to be sustained. Where you see the


`` protests in China, where people are worried they are getting paid


enough, you have a swathe of middle`class Chinese who have lots


of disposable income. Which we finally, the Guardian. `` which we


want them to spend here. D`Day commemorations. As we go rummaging


for the Guardian. They call them the greatest generation. Some of these


men who tried to reclaim Europe and were successful. Amazing portraits


of these old men. I wonder how many are left. These guys are in their


90s. It has been a funny one. The commemorations for the First World


War, sorry, the Second World War. How much do you celebrate it? And,


how much do you mark the occasion, but not celebrate because of the


huge amounts of losses? Loss of life. It is important for younger


people who don't remember this, while they are still around, it is


still living history. It has become almost, like the First World War,


not forgotten history but, definitely in the history books,


whereas this is live still. Lee that is the correct point. If you think


at the commemoration at the start of the First World War and compare this


to the 70th anniversary of the D`Day commemorations, there is a


difference in terms of whether it is a piece of history. All, whether it


is a lived experience. The analysis of the First World War is changing


as a result of that. Don't they look great? It is a great picture. We


have to come to an end. Many thanks. Enjoy your holiday. I hope


you come back ground. Just for four days I will have you no. Stay now,


it is time for Sportsday. `` stay with us on BBC News.


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