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 each and

:00:00.:00:00.

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

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That's up in 15 minutes after the papers.

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

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

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director of the Creative Industries Federation, John Kampfner.

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

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has become the second bank to cap large mortgage loans.

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

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

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

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

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

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

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power in Syria. The Metro has the story that

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

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controversial procedure was given the go`ahead.

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

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next year. And finally The i suggests there are

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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government will be concerned by suggestions that they are

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facilitating a housing bubble and all the ramifications of that for

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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seeing the pounds rolling in everyday as a result of their

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

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

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

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

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

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

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

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

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Onto the Daily Telegraph. Zombie government. Claims are dismissed

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about the coalition running out of steam. Announcements that people

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

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

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

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

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

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

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

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

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

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parties are conducting a very choreographed dance, except when

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

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

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

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

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

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

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

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

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

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

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differentiating themselves. Any radical ideas will come in the

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

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

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

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

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

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

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

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argument is that along with the absolute vital emphasis on the

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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The Chinese population are still very constrained by the government.

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

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

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

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process of political control and economic liberalisation has

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

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

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

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

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thousands of demonstrations in the countryside every single day. I

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

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

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

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authoritarianism. The idea that free markets and free societies go

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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not forgotten history but, definitely in the history books,

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

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

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

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

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

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

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

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

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

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