25/07/2016 The Papers

at this particular facility. I am reading the last wire copy I saw a

moment ago, that the attacker would appear to have turned himself in.

That's according to police. But reports on that are still coming in

and we will bring you more on it at 11 o'clock.

Hello and welcome to our look ahead to what the The Papers will be

With me are Bronwyn Curtis from the Society of Business Economists

and the Evening Standard columnist, Rosamund Urwin.

Tomorrow's front pages, starting with:

The Guardian, which carries a warning from the Natwest Bank,

that low global interest rates mean they may have to introduce

The main story on the Times is an investigation by the paper,

which has found millions of customers are being over charged

for train fares because firms have been using techniques to hide

The Telegraph leads with a story about a parliamentary report into BT

saying millions of people will be left with slow internet speeds

because the regulator will not force the firm to be broken up.

It also carries a picture from the opening night

The Mail focuses on the collapse of BHS - saying some of Britain's

top City firms are being urged to return millions of pounds

they made from dealings with the troubled retailer.

The Mirror has the same story - saying Sir Philip Green has been

complaining that he has been unfairly blamed

The fatal shooting at a party in Surrey features

The Express carries the results of a phone survey carried out

for the paper which claims 98% of those asked would like the UK

to leave the EU immediately rather than become embroiled

And the Financial Times examines US telecoms group Verizon's

Let's start with the front of the times. This is the NatWest negative

interest rate warning? Yes, because interest rates are really, really

low and they are probably going to go lower at the next Bank of England

meeting of the monetary policy committee, down 20.5% from half

percent. The problem is, what they usually do is they take in your

deposit, give you some money for it, but invest it in longer term bonds

and that sort of thing, which gives a higher interest rate. But we're

not getting higher interest rates from those longer term bonds any

more. It is flat, not making any money. It is costing the banks money

to keep these deposits and that is what the NatWest is saying. We are

encouraged to save and be sensible with our money, this doesn't seem to

be encouraging us to do that? There hasn't been that much encouragement

to save for a while. We have had interest rates at a low level when

they drop 20.25%, if they do in August as the many predictions say

they will do that, there will be less incentive and if this happens,

we have non-whatsoever. People will stick it under the bed. It is good

for burglars and people who sell safes. But not much good for you as

a customer, if you want to save money. There aren't that many assets

that look more attractive in terms of places to put your money either.

It is a tricky situation. The other thing here is, there isn't an

expectation if interest rates to fall, that will be passed on in full

or anywhere near in foal to people who have mortgages. It isn't even

that good for us. It's not a great situation. You are right about

savers, National savings actually, they will probably pay a little bit

more. But it does encourage people to spend. So it instead of keeping

cash in the bank, and we need people to spend, we don't want them to be

frightened, we want them to be confident to spend, because that is

what keeps the economy going. Except we have a lot of debt already and I

am not sure we want to be adding to it. This is just one bank, but will

others follow suit? Others will be looking to make a name for

themselves and some of the newer banks, some of the Challenger banks

may not follow. You mention spending, takers to this story on

the front of the times. If people want to spend money, they might want

to rail fares, but they might be spending more than they need to?

This workshop customers on the railways, who have long been

complaining. But this investigation is looking at the way you are

overcharged for a specific journey. One of the naughty ways it happens

is if you go a long way and get your ticket broken down into three, you

get the LI macro pay less money. There are almost 50 different fares

for a single journey between two cities in the UK. And the cherry on

the top of this, is bosses pay has almost tripled in five years, they

point out. Not a happy situation for commuters. 50 different fares for a

single journey in Britain is not a surprise, but it does seem bizarre.

Apparently it is two thirds of cross-country routes where we are

paying more than we should. Up to ?85 more. We're not talking about

small numbers here. I don't know about you, but I do go by rail

cross-country quite a lot for various reasons. There is Pete,

off-peak, and then there is super, super off-peak. And you don't know

what you are getting. It is very hard to work it out. They really do

need to sort this out. Since last year, rail operators have been

obliged to label ticket machines you can use, so passengers sell only a

limited range of tickets and cheaper fares might be at Mand offices,

where there might be a very long queue? Exactly, extraordinarily long

queue. The Daily Mail, a photograph of Sir Philip Green on the front,

but this is a wider look at some of the big city firms? I believe he is

partying in St Tropez. I believe he is. What I believe, on his ?100

million yacht. But the story is about Payback dirty money and that

is the city firms, the lawyers and advisers like Grant Thornton, who

have made a lot of money out of this transaction, where he sold British

home stores for a pound. We have got to be a bit careful here. They made

up to ?10 million. I agree it is a lot of money, but it depends what

they were asked to do. What were they asked to do in terms of the way

they were asked to advise? It might have been very limited. Legally, I

don't think there is anything that you can do. It may make a great

headline in the Daily Mail, but I don't think there is anything you

can do to get that money back. It is probably not illegal, but it does

say something about the government's structures. These firms make huge

amounts of money out of the private equity deals, where companies by a

company, private equity company buys a company, fill it with debt and

sell it on and take huge fees out of them. It is just the tip of the

iceberg. It is in the context of what Theresa May has been saying how

she wants to make capitalism produced different things. It hasn't

worked for employees or the public good. It has worked for finances and

directors. One of the things I was wondering, if the Daily Mail is

putting pressure on parties to say it is putting reputational damage

done to you and saying, you cannot do this and get away with it. We are

putting it on the front page to tell you we don't think it is acceptable.

It might be perfectly legal, but it isn't simply about legality. The

same would go with business leaders, as well as the advisers. Let's go to

the Telegraph. A number of stories we have just picked out. A reference

to what Amber Rudd is saying as to what parents and teachers have a

duty to do? The new Home Secretary is saying they should be reporting

racist and homophobic bullying if it goes on and they get to know about

it. One of the issues here is, we have seen a massive increase in

racist abuse in the wake of the Brexit vote, which the Telegraph has

picked out. And hate crimes. She is getting a survey done into the

levels of bullying in schools. Giving instructions to teachers as

to what they can do to convey to children of thing is not acceptable.

To report it, you have got to know it is happening. Sometimes you don't

know when you are an authority figure? They are asking parents to

do it. Children don't always get these things right. It is a

difficult thing to do. It is difficult because one in ten

religious crimes are against young children. I want to squeeze two more

in. A quick word about Harry Potter. The photograph on the front of the

Guardian features Jenny Parker as the adult Harry Potter. Great bit of

casting. It is now on stage, and has been for a few weeks in terms of

getting to the stage where people are talking about it and now it has

had the press night and people are confused. It is described as a

thrilling spectacle and has four stars. I am a Harry Potter fan, I

will find some young child to go with! The reviewer took his

11-year-old son. It was his grandson. Oh yes, it was his

grandson. It is interesting, it is the child of Harry who is not very

popular at school and under shadow his father's greatness and his best

friend is the son of Harry's arch enemy. So the makings of a wonderful

stage spectacular. It does say it is better if you enjoyed the books. It

is quite predict the ball. It does look fantastic. One minute to

discuss height, with a reference on the front of the FT, two Dutch men

and Latvian women? Used to be the Scandinavians for the tallest people

but that has changed. Now it is Dutch men and Latvian women. One of

the things it has touched on is height is influenced by nutrition.

They are saying the American diet, perhaps relative to others, but in

general may be getting worse, and that might be having a depressing

effect on people's height. The other statistic is raining men are 16

centimetres taller than they were 100 years ago and South Korean

women, 20 centimetres tall, that is a big difference. The diet is a big

difference, but also their genes is a big difference. South Korea has

leapt massively economically in years. That is all we have time for.

All the papers are on our website. Thank you very much to my guests.