30/04/2017 The Papers

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,