:00:00. > :00:00.at this particular facility. I am reading the last wire copy I saw a
:00:00. > :00:00.moment ago, that the attacker would appear to have turned himself in.
:00:07. > :00:13.That's according to police. But reports on that are still coming in
:00:14. > :00:26.and we will bring you more on it at 11 o'clock.
:00:27. > :00:29.Hello and welcome to our look ahead to what the The Papers will be
:00:30. > :00:34.With me are Bronwyn Curtis from the Society of Business Economists
:00:35. > :00:39.and the Evening Standard columnist, Rosamund Urwin.
:00:40. > :00:42.Tomorrow's front pages, starting with:
:00:43. > :00:44.The Guardian, which carries a warning from the Natwest Bank,
:00:45. > :00:48.that low global interest rates mean they may have to introduce
:00:49. > :00:56.The main story on the Times is an investigation by the paper,
:00:57. > :00:58.which has found millions of customers are being over charged
:00:59. > :01:01.for train fares because firms have been using techniques to hide
:01:02. > :01:06.The Telegraph leads with a story about a parliamentary report into BT
:01:07. > :01:09.saying millions of people will be left with slow internet speeds
:01:10. > :01:13.because the regulator will not force the firm to be broken up.
:01:14. > :01:17.It also carries a picture from the opening night
:01:18. > :01:24.The Mail focuses on the collapse of BHS - saying some of Britain's
:01:25. > :01:27.top City firms are being urged to return millions of pounds
:01:28. > :01:31.they made from dealings with the troubled retailer.
:01:32. > :01:34.The Mirror has the same story - saying Sir Philip Green has been
:01:35. > :01:37.complaining that he has been unfairly blamed
:01:38. > :01:44.The fatal shooting at a party in Surrey features
:01:45. > :01:49.The Express carries the results of a phone survey carried out
:01:50. > :01:51.for the paper which claims 98% of those asked would like the UK
:01:52. > :01:54.to leave the EU immediately rather than become embroiled
:01:55. > :02:00.And the Financial Times examines US telecoms group Verizon's
:02:01. > :02:20.Let's start with the front of the times. This is the NatWest negative
:02:21. > :02:28.interest rate warning? Yes, because interest rates are really, really
:02:29. > :02:35.low and they are probably going to go lower at the next Bank of England
:02:36. > :02:40.meeting of the monetary policy committee, down 20.5% from half
:02:41. > :02:46.percent. The problem is, what they usually do is they take in your
:02:47. > :02:51.deposit, give you some money for it, but invest it in longer term bonds
:02:52. > :02:55.and that sort of thing, which gives a higher interest rate. But we're
:02:56. > :03:00.not getting higher interest rates from those longer term bonds any
:03:01. > :03:06.more. It is flat, not making any money. It is costing the banks money
:03:07. > :03:13.to keep these deposits and that is what the NatWest is saying. We are
:03:14. > :03:18.encouraged to save and be sensible with our money, this doesn't seem to
:03:19. > :03:23.be encouraging us to do that? There hasn't been that much encouragement
:03:24. > :03:29.to save for a while. We have had interest rates at a low level when
:03:30. > :03:37.they drop 20.25%, if they do in August as the many predictions say
:03:38. > :03:43.they will do that, there will be less incentive and if this happens,
:03:44. > :03:50.we have non-whatsoever. People will stick it under the bed. It is good
:03:51. > :03:57.for burglars and people who sell safes. But not much good for you as
:03:58. > :04:02.a customer, if you want to save money. There aren't that many assets
:04:03. > :04:06.that look more attractive in terms of places to put your money either.
:04:07. > :04:10.It is a tricky situation. The other thing here is, there isn't an
:04:11. > :04:15.expectation if interest rates to fall, that will be passed on in full
:04:16. > :04:22.or anywhere near in foal to people who have mortgages. It isn't even
:04:23. > :04:26.that good for us. It's not a great situation. You are right about
:04:27. > :04:32.savers, National savings actually, they will probably pay a little bit
:04:33. > :04:38.more. But it does encourage people to spend. So it instead of keeping
:04:39. > :04:44.cash in the bank, and we need people to spend, we don't want them to be
:04:45. > :04:48.frightened, we want them to be confident to spend, because that is
:04:49. > :04:55.what keeps the economy going. Except we have a lot of debt already and I
:04:56. > :05:03.am not sure we want to be adding to it. This is just one bank, but will
:05:04. > :05:08.others follow suit? Others will be looking to make a name for
:05:09. > :05:11.themselves and some of the newer banks, some of the Challenger banks
:05:12. > :05:15.may not follow. You mention spending, takers to this story on
:05:16. > :05:25.the front of the times. If people want to spend money, they might want
:05:26. > :05:30.to rail fares, but they might be spending more than they need to?
:05:31. > :05:34.This workshop customers on the railways, who have long been
:05:35. > :05:39.complaining. But this investigation is looking at the way you are
:05:40. > :05:47.overcharged for a specific journey. One of the naughty ways it happens
:05:48. > :05:52.is if you go a long way and get your ticket broken down into three, you
:05:53. > :05:56.get the LI macro pay less money. There are almost 50 different fares
:05:57. > :06:04.for a single journey between two cities in the UK. And the cherry on
:06:05. > :06:11.the top of this, is bosses pay has almost tripled in five years, they
:06:12. > :06:18.point out. Not a happy situation for commuters. 50 different fares for a
:06:19. > :06:24.single journey in Britain is not a surprise, but it does seem bizarre.
:06:25. > :06:28.Apparently it is two thirds of cross-country routes where we are
:06:29. > :06:33.paying more than we should. Up to ?85 more. We're not talking about
:06:34. > :06:39.small numbers here. I don't know about you, but I do go by rail
:06:40. > :06:43.cross-country quite a lot for various reasons. There is Pete,
:06:44. > :06:48.off-peak, and then there is super, super off-peak. And you don't know
:06:49. > :06:55.what you are getting. It is very hard to work it out. They really do
:06:56. > :07:00.need to sort this out. Since last year, rail operators have been
:07:01. > :07:06.obliged to label ticket machines you can use, so passengers sell only a
:07:07. > :07:10.limited range of tickets and cheaper fares might be at Mand offices,
:07:11. > :07:13.where there might be a very long queue? Exactly, extraordinarily long
:07:14. > :07:19.queue. The Daily Mail, a photograph of Sir Philip Green on the front,
:07:20. > :07:27.but this is a wider look at some of the big city firms? I believe he is
:07:28. > :07:32.partying in St Tropez. I believe he is. What I believe, on his ?100
:07:33. > :07:37.million yacht. But the story is about Payback dirty money and that
:07:38. > :07:44.is the city firms, the lawyers and advisers like Grant Thornton, who
:07:45. > :07:50.have made a lot of money out of this transaction, where he sold British
:07:51. > :07:59.home stores for a pound. We have got to be a bit careful here. They made
:08:00. > :08:04.up to ?10 million. I agree it is a lot of money, but it depends what
:08:05. > :08:14.they were asked to do. What were they asked to do in terms of the way
:08:15. > :08:19.they were asked to advise? It might have been very limited. Legally, I
:08:20. > :08:26.don't think there is anything that you can do. It may make a great
:08:27. > :08:34.headline in the Daily Mail, but I don't think there is anything you
:08:35. > :08:39.can do to get that money back. It is probably not illegal, but it does
:08:40. > :08:43.say something about the government's structures. These firms make huge
:08:44. > :08:47.amounts of money out of the private equity deals, where companies by a
:08:48. > :08:56.company, private equity company buys a company, fill it with debt and
:08:57. > :09:04.sell it on and take huge fees out of them. It is just the tip of the
:09:05. > :09:09.iceberg. It is in the context of what Theresa May has been saying how
:09:10. > :09:12.she wants to make capitalism produced different things. It hasn't
:09:13. > :09:20.worked for employees or the public good. It has worked for finances and
:09:21. > :09:25.directors. One of the things I was wondering, if the Daily Mail is
:09:26. > :09:30.putting pressure on parties to say it is putting reputational damage
:09:31. > :09:37.done to you and saying, you cannot do this and get away with it. We are
:09:38. > :09:45.putting it on the front page to tell you we don't think it is acceptable.
:09:46. > :09:49.It might be perfectly legal, but it isn't simply about legality. The
:09:50. > :09:55.same would go with business leaders, as well as the advisers. Let's go to
:09:56. > :10:02.the Telegraph. A number of stories we have just picked out. A reference
:10:03. > :10:10.to what Amber Rudd is saying as to what parents and teachers have a
:10:11. > :10:15.duty to do? The new Home Secretary is saying they should be reporting
:10:16. > :10:23.racist and homophobic bullying if it goes on and they get to know about
:10:24. > :10:29.it. One of the issues here is, we have seen a massive increase in
:10:30. > :10:33.racist abuse in the wake of the Brexit vote, which the Telegraph has
:10:34. > :10:37.picked out. And hate crimes. She is getting a survey done into the
:10:38. > :10:41.levels of bullying in schools. Giving instructions to teachers as
:10:42. > :10:46.to what they can do to convey to children of thing is not acceptable.
:10:47. > :10:54.To report it, you have got to know it is happening. Sometimes you don't
:10:55. > :10:58.know when you are an authority figure? They are asking parents to
:10:59. > :11:02.do it. Children don't always get these things right. It is a
:11:03. > :11:05.difficult thing to do. It is difficult because one in ten
:11:06. > :11:10.religious crimes are against young children. I want to squeeze two more
:11:11. > :11:16.in. A quick word about Harry Potter. The photograph on the front of the
:11:17. > :11:23.Guardian features Jenny Parker as the adult Harry Potter. Great bit of
:11:24. > :11:29.casting. It is now on stage, and has been for a few weeks in terms of
:11:30. > :11:37.getting to the stage where people are talking about it and now it has
:11:38. > :11:43.had the press night and people are confused. It is described as a
:11:44. > :11:48.thrilling spectacle and has four stars. I am a Harry Potter fan, I
:11:49. > :11:52.will find some young child to go with! The reviewer took his
:11:53. > :11:55.11-year-old son. It was his grandson. Oh yes, it was his
:11:56. > :12:02.grandson. It is interesting, it is the child of Harry who is not very
:12:03. > :12:07.popular at school and under shadow his father's greatness and his best
:12:08. > :12:13.friend is the son of Harry's arch enemy. So the makings of a wonderful
:12:14. > :12:21.stage spectacular. It does say it is better if you enjoyed the books. It
:12:22. > :12:25.is quite predict the ball. It does look fantastic. One minute to
:12:26. > :12:32.discuss height, with a reference on the front of the FT, two Dutch men
:12:33. > :12:36.and Latvian women? Used to be the Scandinavians for the tallest people
:12:37. > :12:42.but that has changed. Now it is Dutch men and Latvian women. One of
:12:43. > :12:47.the things it has touched on is height is influenced by nutrition.
:12:48. > :12:53.They are saying the American diet, perhaps relative to others, but in
:12:54. > :12:57.general may be getting worse, and that might be having a depressing
:12:58. > :13:01.effect on people's height. The other statistic is raining men are 16
:13:02. > :13:04.centimetres taller than they were 100 years ago and South Korean
:13:05. > :13:11.women, 20 centimetres tall, that is a big difference. The diet is a big
:13:12. > :13:15.difference, but also their genes is a big difference. South Korea has
:13:16. > :13:24.leapt massively economically in years. That is all we have time for.
:13:25. > :13:33.All the papers are on our website. Thank you very much to my guests.