30/04/2017 The Papers


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Only the author, I will be talking to Sarah Perry, the author of the


Essex serpent. Hello and welcome to our look ahead


to what the papers will be With me are Jim Waterson,


Political Editor at Buzzfeed and the 'Fleet Street Fox',


Susie Boniface, Tomorrow's front pages then,


starting with the Financial Times. It leads on warnings that


interest-free credit cards The paper says the comments come


from leading bankers. The I reports that Jeremy Corbyn


will invest ?3 billion in education, reversing Conservative cuts


to the budget. Plans to make social media firms


like Facebook and Google pay for the cost of policing digital


crimes is the lead The Daily Express focuses


on the foreign aid budget. It says ?15 million is funding


anti-smoking campaigns in some of the world's


most corrupt countries . The Guardian leads on Theresa


May's comments on tax. It says the Prime Minister has


signalled a rise in national insurance and income tax,


after pledging not to raise VAT. Theresa May might have a different


view to the EU 27. They are saying that she is on a different page to


the rest of the EU. There has been a hardening in the breadth of


negotiations last week or so. The EU, shockingly for a union with


Accord leadership, is swinging together as a union with Accord


leadership against Britain. To be is a major selection has resulted to


sign by saying, no, you need to elect me if you want to avoid a


disaster, swing behind me, don't listen to what they are saying in


Brussels. How much of this is posturing on both sides? Everybody


is posturing because nobody has started talking. Despite all the


arguments since June last year, Brexit has not begun, negotiations


have begun. Article 50 has been triggered but that is not the


northern paperwork. There is nothing else you can too bad posture.


Theresa May has a lack of ability to think on her feet when she is asked


a question. When somebody says she is out in space when dealing with


the EU, she has to react to that, saying that they are on a planet all


of their own. She has said, no, I'm very boring... She is the Prime


Minister who does homework, isn't cheap? She is very well prepared,


across her brief. That is we haven't had tested yet. If this election was


held in 2020 wouldn't have gone through two years of Brexit


negotiations, already be outside the EU and it would've been a vote on


whether or not that was a good deal. Now we were having an election on


whether or not you can trust she will get a good deal. As long as she


looks in control, then that is the way she can win the votes. Pretty


politically good. In the Financial Times, interest-free credit cards


are a ticking time bomb, bankers warned. Future revenue from higher


rates looked up front, I don't even pretend to know what that means. Why


is this a ticking time bomb? And other tactical disaster. Anybody


with an interest free credit card and a balance transfer, the banks


are making money on that because they make a certain calculation


about how much money you will have at the end of that deal. The problem


they are finding is that people are either paying it off or they are


moving the deal to another interest-free credit card and


shifting their debt around. Basically, the credit card companies


to have a lot of debt like this that they are not making money from, they


are getting loaded up with that, not making the cash, and the warning is


there heading for some kind of crash. Why don't they stop offering


peace deals? The problem is, if you never get the return back on the


money and financial institution to teach on the edge again, we have


seen this film before. We don't want the banks... The risk is if they


lose that that repayment they may become unstable and will have to


look at what intervention is needed. This is what banking is about, about


making an assumption about future spending and pitting your own money


in the right space to capitalise on it. Bankers can figure it out, they


shouldn't in banking. Isn't this the kind of risk that they were be in


courage not to keep taking? Yes, and it depends who they are giving these


interest-free credit cards do. There maybe some people who are just


cracking up debts and having bad credit histories and still getting


interest-free credit cards. Let's look at the Daily Telegraph.


Theresa May pledge on the VAT, but not income tax. Philip Hammond did


not like the fact that he was boxed into a corner from the Soul pledged


not to raise National Insurance contributions and income tax. The


original pledge, if you think back to 2015 when David Cameron was


running for election, apparently he is living in a shared but that is a


different story, he ran on a pledge not to raise income tax and National


Insurance. This time around are confident of a win under one to get


rid of these things that boxy into a corner. We are unlikely, but don't


know yet because the Tory manifesto is not I get, the triple lock on


pensions will change in some way, we are likely to see the ability to


change income tax National Insurance. Theresa May has said


today that she won't raise VAT because Labour were putting under a


lot of on that. That is regarded as regressive tax because everybody has


to pay it. To some extent, it is linked to consumption because if you


don't consume too much YouTube paid too much. But it is a regressive


tax. We have not seen properly yet these policies because nobody has


published what their policies are or how they were plundered. The


Conservative Party Mike Weir is things like some taxes to paper


social care. The Guardian is saying that it is considering taxes on very


expensive homes. These are the kind of policies that Ed Miliband's


labour and Jeremy Corbyn's Labour would be quite keen on having. She


is trying to steal the centre ground and bringing in some fairly


socialist policies. It'll be interesting to how that plays with


the good people of Burgess Hill and if they believe this is a centre


ground Conservative Party warm weather she is quite a hard right


wing Conservative Party. Facebook must pay to police the Internet.


Social media firms may have two paper the cost of policing digital


crimes. I could end up being quite expensive. It will be almost


impossible to do, as well. The Telegraph says that a similar


arrangement is in place for football clubs, when there is certain


policing on match days, those football clubs contribute to that.


That is because it is a known fact that match will cause this amount of


trouble and you need that blue line around it to make sure things stay


under control. You can't do that online because you can't predict who


will do what to whom, you can predict where the revenge pawn will


come out of or if people will start complaining about it. Half of all


crimes have a social media element. That's was taken by the select


committee that that this report together for them to say that


Facebook should be paid for these crimes to be released. Most of the


public sphere is running to one or two private networks, Facebook,


Twitter and to some extent Google. News and everything is being


controlled by one to companies and how you regulate that. Our system is


not built to deal this. Might just this suggestion of this kind of cost


encourage these businesses to clean air act up, to be cover on the kind


of... It is the kind of things that politicians threaten big companies


with. This is a report from the Home Affairs Select Committee which does


not have any legislative power, but they say we think this should


happen. Amber Rudd has welcomed it and will look at it carefully, which


means, what? Excavation might summon from the National Police Chiefs'


Council said, well, the details would have to be considered. If you


were to have police funded by Facebook, will they be wearing the


same uniform will they have the same powers? Will they sent you an


emoticon when you have reported a crime, Assad face something? It will


not work. Because a lot of crimes involve a social media element


therefore you have to check some things, you will need to have a


liaison officers working across these companies, and to save you


might contribute somewhat taxes, please! These companies are so


powerful now they are almost above individual national governments.


Jeremy Corbyn pledges ?3 billion to close the education gap. The Labour


leader vows to invest in children's future, he tells teachers. We don't


know where this money is coming from yet. It is an interesting thing. We


did not know where the money for Donald Trump's walls going to come


from. Still nobody knows. Rhys Gill got elected. It is entirely possible


that of Jeremy Corbyn promises the right things people will elect him


regardless of the fact it doesn't have funding in place. To be fair to


him, he said that he will explain in the Labour manifesto- able paper


this with heavy hints will be taxes on corporations, cutting down on tax


evasion. We have been promised that a lot. Basically raising taxes on


whoever they can in a reasonable manner. The interesting thing is the


fact that he is coming up with these pledges and high on earth the Tories


respond to him. They keep hitting him hard again saying that Labour


will raise your taxes. The detail of whether the schools need the funding


is not what they are going for. They are just trying to hammer home the


message that Jeremy Corbyn will raise your taxes. There has been so


much publicity from headteacher saying that budgets are not


sustainable. He is picking up on that. Education has been well funded


over the last 20 years, it has gone up over inflation, so the cuts being


talked about, 6.5%, although they are swingeing now, we will still be


spending more per child used to be. The problem is that school costs are


continuing to rise. They have to find some way to square the circle.


It will be interesting to see whether this is going to be the kind


of thing that people are terribly keen on and where it comes from


really matters because if you keep saying we will tax big companies,


big corporations, big international corporations, the whole reason


didn't pay so much tax is because they are based in many different tax


jurisdictions. We will look at the daily Star. Just quickly. We forgot


to mention Anthony Joshua, the movie! This'll be the rags to riches


story, and what a story will be. We know the ending, which was his win.


This is a classic bit of British tabloid journalism, the keywords


being that fans demand the movie be made, which is justified an entire


front page! It is not my thing, but the numbers on that's watching the


broadcast of the site are enormous. If Harvey Weinstein was one of the


fans watching it could get made. It would be a British Rocky, one that


still lives at home with his mum. I wonder how they both feel today.


Rough. That's it for The Papers


this you hour. Faith and reason, and


the Gothic imagination - the ingredients of Sarah Perry's


bestselling novel,


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