28/07/2014 The Papers

. Hello. This is BBC News. We'll be taking a look at tomorrow mornings

papers in a moment. Many of the front pages are in. The Metro warned

that a quarter of young people are priced out of the market. This is

the Express. Benefits for migrants are to be cut under the new

government proposals. The paper also has a picture of the flash floods.

Our graphics are out of sync. Let's bring in our guest. You can take as

do the first story. Take us through the Mail. They are saying strong

things. I have sympathy. Many people can't understand why the bankers who

have done this to the rates don't end up in jail with a criminal

prosecution. They have manipulated the rates for the gain of the

company against the interests of the market and the taxpayer. They

haven't been brought to book. What is going on? This is between April

2008 and September 2009 and we were told we had to save the banks and

was very important for the state the economy. These were traders that cut

4.7 million of what they had to pay back because of what the taxpayers

gave she save the banks. This bat gave to save the banks. We

trusted them. The banking system relied on trust. That is changing

now. That is the price that they need to deal in the market, but it

turned out that wasn't true and they could make up the price. This is

something that trillions of pounds depend on. It is not a tiny issue.

We are told that these are some of the largest finds that the regulator

has slapped on people. The Bank of England was shortchanged by 7.8

million. They have been asked to pay that back. We own the bank. The

taxpayer is paying itself. It doesn't make sense. The size of the

fines is tiny compared to the profit. The message that should be

sent is that criminal prosecution should be brought. That is what Mark

Carney said. This behaviour is unlawful. That should be the next

step. The Mail is seen to throw them in jail. In any other walk of life,

if you are found guilty of fraud, you would be brought to account. It

is not just a question of paying back the money because you were

caught. There have to be consequences to deter other people

from doing it. With what Mark Carney has been saying, has anything

changed in the banking sector? Too little has changed. All the

newspapers are going on this story because there is a real sense of

public outrage. This has cost all of us a huge sum of money. The economy

has been hit terribly by what happened in the banking sector.

After all that, they are behaving in this egregious way. Someone has to

teach them a lesson. We have two restore trust. `` to. It is not a

story that many members of the public will enjoy reading. Would

this separate people from banks? Will people move there account? The

problem with banking is that most of us get into one bank and stay there.

The bank I am when I started was at university. I have been with mine

since I was seven. Individual customers don't examine it and say

no. We don't ask what service the bank is providing. They start their

own regulations and they carry on. They have rules of behaviour that

are impenetrable. Lots of banks are under investigation, like Barclays

Bank. It is not just one bank. If it was, it would be less worrying. It

seems to be across the whole sector. They are all colluding to gather,

traders at different banks, to rig prices. It is a casual way that they

have done it, as if they are entitled to it. Let's look at

tomorrow morning Daily Telegraph Khuzdar David Cameron has written an

article. This is a story about you migration coming here to take

benefits. He is putting out his political stall and sang that they

have stopped it. They can't collect benefits immediately, he says. They

can only collect them for three months are not six months

. `` and not. This article should be taken with a pinch of salt. He is

stating his position of being tough on the EU. I think it is a political

move. Nevertheless, I think it will be popular. This is an attempt to

address some of the issues that have made UKIP more popular. The vast

majority of immigrants that have come in due end up working. They

have come here for jobs. The idea that the then if it system attracts

them, that is something that a lot of people perceive, but in reality,

the figures suggest that most people that come here from overseas come

here to work. The amount of money that will be saved won't be that

significant, but it is a political message. There is a report by the

IMF that if we don't relax immigration laws, Britain's recovery

might be affected. The Prime Minister has spoken in the Daily

Telegraph for a reason. He believes it is the right audience to

address. The wider effects on the economy will be harder to judge. The

issue people are concerned about is that they will be few weeks younger

people coming through. `` fewer younger people. There might be a

shortage in the economy. If we encourage people to work into old

age, part`time, that could address the skills shortage. Nevertheless,

immigration does help the economy in many ways. There is a sense of

public outrage when you hear about people that have never paid into the

national insurance system receiving large sums and benefits. The Prime

Minister is saying we want to try and stop that. That is going to be

more of a theme heading into the

election. Next is a picture of the Duke and Duchess of Cambridge. They

were watching the hockey. More on the Commonwealth Games coming up.

Let's go to the Times. It is about drivers cutting pollution. A few

years ago, we were told that diesel cars were good. We were told they

were cheaper and good for the environment. I believed that. It was

Propaganda. Now it is more expensive and diesel drivers are going to face

more charges to cut pollution. This is a London story. Boris Johnson is

going to suggest it is going to cost an extra ?10 to drive into London

with a diesel car. I feel really sorry for people like me who bought

a diesel car because we thought we were doing good for the environment.

We thought it was the right thing to do and diesel was cheaper, so why

not? They have raised the prices are now we're told it is bad for the

environment. What are we supposed to do? It is a difficult situation. Get

on your bike. That is what Boris Johnson would say. Let's go to the

Guardian aren't tomorrow's FrontPage. `` and tomorrow's front

page. They are talking about the sanctions in Russia. Is it going to

be verbal or is it going to affect Russia? Rusher's response is that if

you really apply sanctions that bite, you are going to be worst

affected. `` Russia's response. Germany and France have been more

reluctant to introduce sanctions. David Cameron has talked tough. It

will be interesting in London. President Putin has a lot of Rands

here in London. They are saying maybe it will make them tougher if

they can withstand sanctions. It is difficult to know what you can do.

Putin is such a Grandstander. He says that we can't

hurt them, even though we are trying. With the Ukraine, they

didn't look at the consequences of what would happen and it is bad EU

foreign policy biting us. What are we supposed to do now? It is a

difficult situation. Let's go to the Scotsman. We don't often get to the

Scottish newspapers. It is a good time with the games. I have just

come back from Glasgow. There is a real buzz. It was better than it was

in Brazil. They are extremely friendly in Scotland. I am not sure

that in London, when you look at the newspapers, whether there is any

violence. This is really the Scottish games. It is not like

London with Team GB performing well. That was a countrywide phenomenon.

There were people in Cornwall that won't feeling it's like we were

here. `` that weren't feeling it. What are your thoughts? I think a

lot of people were watching it on television. It is like Wimbledon. It

doesn't buzz all over the nation, but people are watching it. I think

we are expecting too much. The Olympics were a 1`off. From an

athletes' point of view, they spend years gearing up for this. We have

to leave it there. Thank you so much for talking us through the papers.

Stay with us on BBC News, as the cease fire in Gaza continues. Coming

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