28/07/2014 The Papers


28/07/2014

No need to wait 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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. Hello. This is BBC News. We'll be taking a look at tomorrow mornings

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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caught. There have to be consequences to deter other people

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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tomorrow morning Daily Telegraph Khuzdar David Cameron has written an

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

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

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

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can only collect them for three months are not six months

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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national insurance system receiving large sums and benefits. The Prime

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

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more of a theme heading into the

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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up next, the sports News.

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