:00:00. > :00:00.Only the author, I will be talking to Sarah Perry, the author of the
:00:00. > :00:16.Essex serpent. Hello and welcome to our look ahead
:00:17. > :00:20.to what the papers will be With me are Jim Waterson,
:00:21. > :00:23.Political Editor at Buzzfeed and the 'Fleet Street Fox',
:00:24. > :00:24.Susie Boniface, Tomorrow's front pages then,
:00:25. > :00:31.starting with the Financial Times. It leads on warnings that
:00:32. > :00:33.interest-free credit cards The paper says the comments come
:00:34. > :00:38.from leading bankers. The I reports that Jeremy Corbyn
:00:39. > :00:40.will invest ?3 billion in education, reversing Conservative cuts
:00:41. > :00:44.to the budget. Plans to make social media firms
:00:45. > :00:46.like Facebook and Google pay for the cost of policing digital
:00:47. > :00:48.crimes is the lead The Daily Express focuses
:00:49. > :00:54.on the foreign aid budget. It says ?15 million is funding
:00:55. > :00:55.anti-smoking campaigns in some of the world's
:00:56. > :01:02.most corrupt countries . The Guardian leads on Theresa
:01:03. > :01:04.May's comments on tax. It says the Prime Minister has
:01:05. > :01:07.signalled a rise in national insurance and income tax,
:01:08. > :01:28.after pledging not to raise VAT. Theresa May might have a different
:01:29. > :01:35.view to the EU 27. They are saying that she is on a different page to
:01:36. > :01:45.the rest of the EU. There has been a hardening in the breadth of
:01:46. > :01:51.negotiations last week or so. The EU, shockingly for a union with
:01:52. > :01:55.Accord leadership, is swinging together as a union with Accord
:01:56. > :02:01.leadership against Britain. To be is a major selection has resulted to
:02:02. > :02:05.sign by saying, no, you need to elect me if you want to avoid a
:02:06. > :02:10.disaster, swing behind me, don't listen to what they are saying in
:02:11. > :02:15.Brussels. How much of this is posturing on both sides? Everybody
:02:16. > :02:19.is posturing because nobody has started talking. Despite all the
:02:20. > :02:24.arguments since June last year, Brexit has not begun, negotiations
:02:25. > :02:28.have begun. Article 50 has been triggered but that is not the
:02:29. > :02:38.northern paperwork. There is nothing else you can too bad posture.
:02:39. > :02:46.Theresa May has a lack of ability to think on her feet when she is asked
:02:47. > :02:51.a question. When somebody says she is out in space when dealing with
:02:52. > :02:55.the EU, she has to react to that, saying that they are on a planet all
:02:56. > :03:02.of their own. She has said, no, I'm very boring... She is the Prime
:03:03. > :03:08.Minister who does homework, isn't cheap? She is very well prepared,
:03:09. > :03:13.across her brief. That is we haven't had tested yet. If this election was
:03:14. > :03:17.held in 2020 wouldn't have gone through two years of Brexit
:03:18. > :03:21.negotiations, already be outside the EU and it would've been a vote on
:03:22. > :03:25.whether or not that was a good deal. Now we were having an election on
:03:26. > :03:29.whether or not you can trust she will get a good deal. As long as she
:03:30. > :03:42.looks in control, then that is the way she can win the votes. Pretty
:03:43. > :03:45.politically good. In the Financial Times, interest-free credit cards
:03:46. > :03:53.are a ticking time bomb, bankers warned. Future revenue from higher
:03:54. > :03:59.rates looked up front, I don't even pretend to know what that means. Why
:04:00. > :04:03.is this a ticking time bomb? And other tactical disaster. Anybody
:04:04. > :04:09.with an interest free credit card and a balance transfer, the banks
:04:10. > :04:17.are making money on that because they make a certain calculation
:04:18. > :04:22.about how much money you will have at the end of that deal. The problem
:04:23. > :04:26.they are finding is that people are either paying it off or they are
:04:27. > :04:30.moving the deal to another interest-free credit card and
:04:31. > :04:34.shifting their debt around. Basically, the credit card companies
:04:35. > :04:38.to have a lot of debt like this that they are not making money from, they
:04:39. > :04:42.are getting loaded up with that, not making the cash, and the warning is
:04:43. > :04:50.there heading for some kind of crash. Why don't they stop offering
:04:51. > :04:55.peace deals? The problem is, if you never get the return back on the
:04:56. > :05:01.money and financial institution to teach on the edge again, we have
:05:02. > :05:08.seen this film before. We don't want the banks... The risk is if they
:05:09. > :05:14.lose that that repayment they may become unstable and will have to
:05:15. > :05:18.look at what intervention is needed. This is what banking is about, about
:05:19. > :05:22.making an assumption about future spending and pitting your own money
:05:23. > :05:27.in the right space to capitalise on it. Bankers can figure it out, they
:05:28. > :05:33.shouldn't in banking. Isn't this the kind of risk that they were be in
:05:34. > :05:37.courage not to keep taking? Yes, and it depends who they are giving these
:05:38. > :05:42.interest-free credit cards do. There maybe some people who are just
:05:43. > :05:43.cracking up debts and having bad credit histories and still getting
:05:44. > :06:08.interest-free credit cards. Let's look at the Daily Telegraph.
:06:09. > :06:12.Theresa May pledge on the VAT, but not income tax. Philip Hammond did
:06:13. > :06:17.not like the fact that he was boxed into a corner from the Soul pledged
:06:18. > :06:21.not to raise National Insurance contributions and income tax. The
:06:22. > :06:29.original pledge, if you think back to 2015 when David Cameron was
:06:30. > :06:35.running for election, apparently he is living in a shared but that is a
:06:36. > :06:39.different story, he ran on a pledge not to raise income tax and National
:06:40. > :06:43.Insurance. This time around are confident of a win under one to get
:06:44. > :06:50.rid of these things that boxy into a corner. We are unlikely, but don't
:06:51. > :06:54.know yet because the Tory manifesto is not I get, the triple lock on
:06:55. > :06:58.pensions will change in some way, we are likely to see the ability to
:06:59. > :07:02.change income tax National Insurance. Theresa May has said
:07:03. > :07:09.today that she won't raise VAT because Labour were putting under a
:07:10. > :07:15.lot of on that. That is regarded as regressive tax because everybody has
:07:16. > :07:18.to pay it. To some extent, it is linked to consumption because if you
:07:19. > :07:25.don't consume too much YouTube paid too much. But it is a regressive
:07:26. > :07:32.tax. We have not seen properly yet these policies because nobody has
:07:33. > :07:36.published what their policies are or how they were plundered. The
:07:37. > :07:42.Conservative Party Mike Weir is things like some taxes to paper
:07:43. > :07:46.social care. The Guardian is saying that it is considering taxes on very
:07:47. > :07:51.expensive homes. These are the kind of policies that Ed Miliband's
:07:52. > :07:57.labour and Jeremy Corbyn's Labour would be quite keen on having. She
:07:58. > :08:00.is trying to steal the centre ground and bringing in some fairly
:08:01. > :08:05.socialist policies. It'll be interesting to how that plays with
:08:06. > :08:09.the good people of Burgess Hill and if they believe this is a centre
:08:10. > :08:16.ground Conservative Party warm weather she is quite a hard right
:08:17. > :08:21.wing Conservative Party. Facebook must pay to police the Internet.
:08:22. > :08:25.Social media firms may have two paper the cost of policing digital
:08:26. > :08:30.crimes. I could end up being quite expensive. It will be almost
:08:31. > :08:34.impossible to do, as well. The Telegraph says that a similar
:08:35. > :08:38.arrangement is in place for football clubs, when there is certain
:08:39. > :08:45.policing on match days, those football clubs contribute to that.
:08:46. > :08:50.That is because it is a known fact that match will cause this amount of
:08:51. > :08:54.trouble and you need that blue line around it to make sure things stay
:08:55. > :08:59.under control. You can't do that online because you can't predict who
:09:00. > :09:03.will do what to whom, you can predict where the revenge pawn will
:09:04. > :09:08.come out of or if people will start complaining about it. Half of all
:09:09. > :09:11.crimes have a social media element. That's was taken by the select
:09:12. > :09:14.committee that that this report together for them to say that
:09:15. > :09:19.Facebook should be paid for these crimes to be released. Most of the
:09:20. > :09:26.public sphere is running to one or two private networks, Facebook,
:09:27. > :09:29.Twitter and to some extent Google. News and everything is being
:09:30. > :09:35.controlled by one to companies and how you regulate that. Our system is
:09:36. > :09:41.not built to deal this. Might just this suggestion of this kind of cost
:09:42. > :09:45.encourage these businesses to clean air act up, to be cover on the kind
:09:46. > :09:51.of... It is the kind of things that politicians threaten big companies
:09:52. > :09:57.with. This is a report from the Home Affairs Select Committee which does
:09:58. > :10:01.not have any legislative power, but they say we think this should
:10:02. > :10:10.happen. Amber Rudd has welcomed it and will look at it carefully, which
:10:11. > :10:13.means, what? Excavation might summon from the National Police Chiefs'
:10:14. > :10:17.Council said, well, the details would have to be considered. If you
:10:18. > :10:22.were to have police funded by Facebook, will they be wearing the
:10:23. > :10:26.same uniform will they have the same powers? Will they sent you an
:10:27. > :10:31.emoticon when you have reported a crime, Assad face something? It will
:10:32. > :10:35.not work. Because a lot of crimes involve a social media element
:10:36. > :10:39.therefore you have to check some things, you will need to have a
:10:40. > :10:43.liaison officers working across these companies, and to save you
:10:44. > :10:50.might contribute somewhat taxes, please! These companies are so
:10:51. > :10:56.powerful now they are almost above individual national governments.
:10:57. > :11:04.Jeremy Corbyn pledges ?3 billion to close the education gap. The Labour
:11:05. > :11:09.leader vows to invest in children's future, he tells teachers. We don't
:11:10. > :11:14.know where this money is coming from yet. It is an interesting thing. We
:11:15. > :11:18.did not know where the money for Donald Trump's walls going to come
:11:19. > :11:25.from. Still nobody knows. Rhys Gill got elected. It is entirely possible
:11:26. > :11:28.that of Jeremy Corbyn promises the right things people will elect him
:11:29. > :11:34.regardless of the fact it doesn't have funding in place. To be fair to
:11:35. > :11:38.him, he said that he will explain in the Labour manifesto- able paper
:11:39. > :11:45.this with heavy hints will be taxes on corporations, cutting down on tax
:11:46. > :11:49.evasion. We have been promised that a lot. Basically raising taxes on
:11:50. > :11:55.whoever they can in a reasonable manner. The interesting thing is the
:11:56. > :11:58.fact that he is coming up with these pledges and high on earth the Tories
:11:59. > :12:03.respond to him. They keep hitting him hard again saying that Labour
:12:04. > :12:08.will raise your taxes. The detail of whether the schools need the funding
:12:09. > :12:12.is not what they are going for. They are just trying to hammer home the
:12:13. > :12:16.message that Jeremy Corbyn will raise your taxes. There has been so
:12:17. > :12:20.much publicity from headteacher saying that budgets are not
:12:21. > :12:28.sustainable. He is picking up on that. Education has been well funded
:12:29. > :12:33.over the last 20 years, it has gone up over inflation, so the cuts being
:12:34. > :12:37.talked about, 6.5%, although they are swingeing now, we will still be
:12:38. > :12:44.spending more per child used to be. The problem is that school costs are
:12:45. > :12:48.continuing to rise. They have to find some way to square the circle.
:12:49. > :12:52.It will be interesting to see whether this is going to be the kind
:12:53. > :12:56.of thing that people are terribly keen on and where it comes from
:12:57. > :13:03.really matters because if you keep saying we will tax big companies,
:13:04. > :13:06.big corporations, big international corporations, the whole reason
:13:07. > :13:20.didn't pay so much tax is because they are based in many different tax
:13:21. > :13:27.jurisdictions. We will look at the daily Star. Just quickly. We forgot
:13:28. > :13:34.to mention Anthony Joshua, the movie! This'll be the rags to riches
:13:35. > :13:40.story, and what a story will be. We know the ending, which was his win.
:13:41. > :13:46.This is a classic bit of British tabloid journalism, the keywords
:13:47. > :13:53.being that fans demand the movie be made, which is justified an entire
:13:54. > :13:59.front page! It is not my thing, but the numbers on that's watching the
:14:00. > :14:08.broadcast of the site are enormous. If Harvey Weinstein was one of the
:14:09. > :14:13.fans watching it could get made. It would be a British Rocky, one that
:14:14. > :14:14.still lives at home with his mum. I wonder how they both feel today.
:14:15. > :14:16.Rough. That's it for The Papers
:14:17. > :14:18.this you hour. Faith and reason, and
:14:19. > :14:33.the Gothic imagination - the ingredients of Sarah Perry's
:14:34. > :14:36.bestselling novel,