03/06/2014 The Papers

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.