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Downing Street says it won't comment on reports today that the Education Secretary, Michael Gove, wants to give the Queen a new Royal Yacht to celebrate this year's Diamond Jubilee. The Guardian front page features what's described as a confidential letter to fellow ministers from Mr Gove saying it would be a fitting mark of respect, and could even lift the UK's spirits in difficult economic times.

We ask: Are you happy to pay for a new royal yacht? Guest include Penny Cobham- The chair of "Visit England" and a fan of the idea of a royal yacht. Also MP's Nicholas Soames and Tom Watson- with varying perspectives on the challenges facing any new royal yacht.