:00:00. > :00:00.the third test against India. Details on the day's play in
:00:00. > :00:17.Southampton. That is on sports day in 15 minutes after the papers.
:00:18. > :00:23.Welcome to our look ahead at what the papers will bring us tomorrow.
:00:24. > :00:28.With me other columnist and pensions analyst and government new appointed
:00:29. > :00:31.older workers Champion Ros Altmann and Mihir Bose from the London
:00:32. > :00:35.Evening Standard. Welcome to you both. We will get their views on the
:00:36. > :00:39.front pages in a few moments time but let's see what we have in.
:00:40. > :00:43.Property prices grab a headline on the Metro. The paper once almost a
:00:44. > :00:47.quarter of young adults in London are now priced out of the market and
:00:48. > :00:52.are forced to live at home. The express front page reveals that
:00:53. > :00:56.benefits for migrants are to be cut under new government proposals. The
:00:57. > :01:01.paper also has a picture of some of this morning's flash floods. The
:01:02. > :01:06.Guardian has more on the Ukraine crisis with the US and Europe lining
:01:07. > :01:11.up further sanctions against Russia. Tomorrow's Telegraph has the same
:01:12. > :01:14.benefits story as the express, but also features a large photo of the
:01:15. > :01:17.Duke and Duchess of Cambridge watching the action at the
:01:18. > :01:21.Commonwealth Games in Glasgow. The Commonwealth Games in Glasgow. 's
:01:22. > :01:25.fines for Lloyds Banking Group in bank rates, as does the Daily Mail
:01:26. > :01:32.with the headline "throw crooked bankers in jail." Let's begin. Do
:01:33. > :01:37.you want to kick off, Roz, because we are kicking off with the Metro's
:01:38. > :01:43.front page. The headline says younger people are finding it hard
:01:44. > :01:46.to buy a property and in London as well as prices have gone up so much
:01:47. > :01:51.and rents have gone up they end up living at home rather than spending
:01:52. > :01:58.money on rent. And about a quarter of those aged 25 and 34 living at
:01:59. > :02:04.home. It's not such a terrible thing for some and some parents would
:02:05. > :02:06.quite welcome it. It is not what these young people would have
:02:07. > :02:12.expected, though, and that's the problem. The expectation would be
:02:13. > :02:17.that you would leave university, get a job, start earning money, get a
:02:18. > :02:21.mortgage and buy a house or a flat and that's simply not possible. In
:02:22. > :02:26.London property prices have gone crazy, the rents have been dragged
:02:27. > :02:33.up. It is a particularly London problem. It is worse in London, I
:02:34. > :02:39.suppose. Property prices are really expensive. 34 is quite an age, do
:02:40. > :02:43.you think, Mihir Bose? In a way you could say it is bringing back family
:02:44. > :02:47.values. But seriously I think this might be the occasion to look at why
:02:48. > :02:53.does everybody need to own a house or a home? They don't in other
:02:54. > :02:57.countries. They don't in Germany and they don't in France. In Spain
:02:58. > :03:05.people stayed together a lot longer before they leave home. We need to
:03:06. > :03:10.look at whether we all need to own homes. This idea to a certain extent
:03:11. > :03:14.in the past people have treated their property as a tradable asset
:03:15. > :03:19.which they should not do. This finds they cannot even afford the rent
:03:20. > :03:23.either. In London if you can get on the housing ladder you are actually
:03:24. > :03:29.paying less with a mortgage than you are with rent and that is a most
:03:30. > :03:35.unusual situation. So, I think there are a lot of things going on here.
:03:36. > :03:38.But certainly the low interest rate environment and the changes going on
:03:39. > :03:43.in the property price bubble that I think we have got in the South is
:03:44. > :03:46.causing some social issues as well. Like you say, maybe it's not a
:03:47. > :03:52.terrible thing for families together. Both of you finding the
:03:53. > :03:55.positives in keeping the family units together for a little longer.
:03:56. > :04:00.Let's move on because we will talk about that later. This is the front
:04:01. > :04:05.page of the Guardian, Mihir Bose. More sanctions against Russia as we
:04:06. > :04:09.have been hearing about throughout the day and they should be announced
:04:10. > :04:13.tomorrow. We have to see whether the sanctions actually bite. There has
:04:14. > :04:17.been a big difference between the US sanctions and the European
:04:18. > :04:22.sanctions. The Germans have not been very keen before this latest crisis
:04:23. > :04:28.to do anything, and how far even the UK will go. There has been talk that
:04:29. > :04:31.oligarchs close to Putin might be shackled and things like that but
:04:32. > :04:36.whether the UK would want to go as far as to affect the city and things
:04:37. > :04:43.like that, will Chelsea be affected for instance? How far will they go?
:04:44. > :04:47.Will it be hurting us or them? Putin says it will hurt them much more
:04:48. > :04:50.than it will hurt us. There are Foreign Minister apparently is
:04:51. > :04:54.saying it would be quite good for Russia just to stand firm on its own
:04:55. > :04:59.two feet, we don't need to be too concerned about it. I guess they
:05:00. > :05:03.would say that, wouldn't they? But certainly George Osborne last week
:05:04. > :05:09.was talking about preparing us for bearing the cost, if we do have
:05:10. > :05:13.sanctions against Russia, because it could come back and affect us
:05:14. > :05:17.economic to ourselves. It doesn't help when the Deputy Prime Minister
:05:18. > :05:22.says Russia should lose the 2018 World Cup. In some ways those are
:05:23. > :05:26.irresponsible statements. The sanctions have to be bite and be
:05:27. > :05:31.real sanctions, not about World Cups and things like that. They have the
:05:32. > :05:33.hurt Russia. So that Putin's behaviour changes. Not make
:05:34. > :05:39.statements that have no impact whatsoever. We will talk later about
:05:40. > :05:44.a mix of sport and politics is another story making tomorrow's
:05:45. > :05:47.front pages along that vein as well. Let's move along because we will
:05:48. > :05:53.have a quick look at the front page of the Financial Times. Rosol the
:05:54. > :05:58.man, this is something we were discussing outside. Really?
:05:59. > :06:04.Bankers? Will it ever end? Lots of papers are covering this story ``
:06:05. > :06:07.Ros Altmann. They got into this because of all of these financial
:06:08. > :06:12.things that people didn't understand and bankers behaving badly. In order
:06:13. > :06:17.to get us out of the mess we have had to put billions out of this ``
:06:18. > :06:21.into this mess and it seems like many of the people working in the
:06:22. > :06:26.banks have decided it is business as usual. If we want to read some rates
:06:27. > :06:35.we will do it. Just to be clear this is the rate they were paying us back
:06:36. > :06:38.for our help. That was one of them. There were a series of interest
:06:39. > :06:45.rates that seem to have been manipulated from within our banks.
:06:46. > :06:51.The finds that have been levied have been done so in order to punish the
:06:52. > :06:58.bankers but also to reimburse the Bank of England for having lent too
:06:59. > :07:03.much. The banks have actually short`changed the Bank of England.
:07:04. > :07:08.Now, the concept of that is just so fundamental. Now complete the
:07:09. > :07:12.circle, they have short`changed the Bank of England and the regulators
:07:13. > :07:17.have find Lloyds bank which is still owned by the taxpayer so we get hit
:07:18. > :07:20.again by the finds. It also raises the question that when this happened
:07:21. > :07:23.there was a lot of talk that the banks had not been properly
:07:24. > :07:26.regulated and had to be saved in order to save the wider economy but
:07:27. > :07:30.what was done about the regulation at the time? We put the money into
:07:31. > :07:33.the banks and the regulators did not do enough at that stage to check
:07:34. > :07:37.that the banks were working properly. The bankers thought we are
:07:38. > :07:41.owned by somebody else but we will carry on by our own practices. The
:07:42. > :07:46.rates were set on the basis of trust. The trust should not have
:07:47. > :07:50.applied given the way the banks had behaved before that. That seems to
:07:51. > :07:55.be absolutely the case but it is a sad indictment of the banking
:07:56. > :08:01.industry if the official rates that everybody's money depends on ` let's
:08:02. > :08:05.face it you and I, who might have an interest account or trade in the
:08:06. > :08:11.markets, we depend on these interest rates for our own money. There is a
:08:12. > :08:16.lovely e`mail here that one of the traders said, every little helps is,
:08:17. > :08:21.it is like Tesco. The casualness of it all. It is amazing. We are
:08:22. > :08:25.talking about huge sums of money. In terms of what was meant by that, not
:08:26. > :08:32.comparing Tesco to any of the bankers, but any little helps. Let's
:08:33. > :08:37.be clear, that was a slogan of Tesco to sell their products but it is the
:08:38. > :08:40.casualness of their conversation, no sense of responsibility. These tiny
:08:41. > :08:44.changes in rates mean millions of pounds to individual trainers. In
:08:45. > :08:48.terms of what Mark Carney said he said it is highly reprehensible.
:08:49. > :08:54.Other paper said it might have been unlawful. `` traders will stop this
:08:55. > :08:58.is theft. You have the ability to rig the rate for your own personal
:08:59. > :09:03.gain. That is illegal, it is immoral, and yet it has been going
:09:04. > :09:07.on inside our biggest banks. As you said, we own a quarter of Lloyds and
:09:08. > :09:13.the distal happening. Let's move on because we have spoken enough about
:09:14. > :09:18.those bankers for this evening. The front page of the express tomorrow.
:09:19. > :09:22.The picture there of today's floods, it is amazing the weather we have
:09:23. > :09:25.had, hot and dry and then suddenly if you live in the south`east of
:09:26. > :09:33.England if not you might not have seen any of this. It is Hove and it
:09:34. > :09:39.feels like there has been some snow. It is hail. It looks like it is a
:09:40. > :09:46.picture that has come from North America somewhere. Or November! Left
:09:47. > :09:56.July and when the November. Pretty rotten day. It was quite scary. Some
:09:57. > :10:00.businesses have been badly affected. The other story on the
:10:01. > :10:04.front page of the express is the benefit cuts for migrants. This has
:10:05. > :10:07.been an ongoing story for some time, how are we going to stop people
:10:08. > :10:13.coming here to claim benefits? That is going to be cut back, slashed in
:10:14. > :10:19.half. At the moment they can claim up to six months, but they will only
:10:20. > :10:23.be able to claim up to three months the Prime Minister will announce.
:10:24. > :10:33.These are people coming from the EU, job`seekers, child benefit and
:10:34. > :10:37.housing benefit will be restricted. David Cameron says he wants the open
:10:38. > :10:39.door policy that was introduced to be dissipated now and Britain will
:10:40. > :10:44.become one of the toughest countries to migrate to. We will see what
:10:45. > :10:51.happens actually at the end of the day. I think a lot of the papers are
:10:52. > :10:54.supporting this move. We've had a lot of contradictory analysis and
:10:55. > :11:01.statistics as to whether EU migrants are really coming to claim
:11:02. > :11:05.benefits. How serious do you think this is as a proposal bearing in
:11:06. > :11:10.mind we have a general election around the corner? It is a political
:11:11. > :11:14.gambit as you say in the sense that if the Conservatives win we will
:11:15. > :11:19.have a renegotiation of Britain's status in the EU. This is a starting
:11:20. > :11:23.point if you like. We are going to redraw the map again, and make sure
:11:24. > :11:27.that we claim some rights back. And obviously Cameron wants to be in the
:11:28. > :11:31.position where he says he is not soft on what is happening with
:11:32. > :11:37.Europe. They have the Ukip threat they want to deal with. I think most
:11:38. > :11:42.migrants or immigrants who want to come into this country actually come
:11:43. > :11:47.to work. It is the minority that come and claim benefits. But of
:11:48. > :11:51.course, announcing the policy, whether or not it affects that many
:11:52. > :11:55.people, is the political side. We have more on that later because I
:11:56. > :12:02.just want to move on to the final story the front page of the Daily
:12:03. > :12:08.Telegraph. Talk us through this one. Moeen Ali, who is the only Muslim in
:12:09. > :12:14.the endless cricket team was seen today wearing a wristband saying
:12:15. > :12:18.save Gaza and free Palestine. The ICC, which is the controlling body,
:12:19. > :12:22.has said that these are political slogans that should not be used.
:12:23. > :12:26.This is the thing that all sporting authority says poor should not be
:12:27. > :12:30.used like this. ECB which controls cricket in this country has defended
:12:31. > :12:34.him and said this is nothing. What is your view because you said it was
:12:35. > :12:35.helpful Nick Clegg came out and talked about Russia and the 2018
:12:36. > :13:00.World Cup talked about Russia and the 2018
:13:01. > :13:07.exposure. You have to be careful. `` These events get exposure. I do not
:13:08. > :13:13.know why he has done this part of the people could be reading these
:13:14. > :13:25.things. You are opening the door to the death situation. The current
:13:26. > :13:34.system, where we elite and politics, it is the correct one. We want to
:13:35. > :13:53.have sport as sport. No outside issues. Also, it can damage
:13:54. > :14:08.relationships. Thank you. Stay with us on BBC News. At 11 o'clock, the
:14:09. > :14:14.violence continues but, the sport news.