News digest 9 October 2012

News digest 9 October 2012

09 October 2012

Today’s digest opens with the focus on chancellor George Osborne’s address to the Tory party conference in Birmingham, still arguing that ‘we are all in this together’ his flagship announcement was for plans to allow businesses to remove "gold-plated employment rights" in exchange for handing out shares to employees which will be exempt from tax. On a day when many papers report that employees are too scared to take sick days, under Osborne’s plans employees would have to give up their rights under UK law regarding unfair dismissal, redundancy and the right to request flexible working and time off for training while continuing the attack on women they would have to give twice as much notice of the date when they want to return from maternity leave. During his speech Osborne also confirmed he would seek £10 billion more welfare cuts from 2015-16, and that 80 per cent of the deficit reduction would be borne by spending cuts rather than tax rises. Unite general secretary Len McCluskey said: “George Osborne’s repetition of ‘we are all in this together’ is an insult to millions of families struggling to make ends meet ... his cuts will turn decent people into desperate people. This shameful government with its failed economic policies has set us on a path to poverty where the hopes of decent people are crushed. It is time to stand up and say, ‘No’ and join the march on 20 October for a future that works.” Just 11 days to go until the march…

And just one day to go for the possible BAE EADS merger as the stock exchange deadline hits tomorrow. There is still widespread coverage in most of the papers with the FT reporting that former BAE chief Mike Turner backs the deal while the Mail reports that Hammond will allow European rivals to hold shares in the new firm if the merger goes ahead. Nevertheless the Express reports that BAE’s top investor has voiced fears over the merger so the ‘will they, won’t they’ shuffle will continue for another 24 hours at least…

One deal that has been accepted in principle – and there’s a good splash on page two of the Mirror as well as coverage in the Times and FT – is the near 10 per cent pay rise negotiated by Unite for the Jaguar Land Rover workforce. On the back of booming demand for luxury cars the company offered to not only raise wages but also make agency workers permanent staff, shows what can be done when companies work with unions and their employees. Said Unite’s Roger Maddison: “The British car industry is undergoing a renaissance at present. The constructive working together by employers and the trade unions has been a major factor in this revitalisation of the automotive sector.”  

Sadly there is no renaissance in the UK economy as the IMF warns that the UK will need to prepare for Plan B saying Osborne may need to redraw his fiscal tightening if growth remains in the doldrums. Osborne does not seem to be listening, instead basking in a generally positive response from the right wing to his address. Today the Tories have moved on to bash a burglar, but conference this morning will hear from London mayor Boris Johnson  around 11:00 – BoJo mania continues in many right wing rags – and sadly for the new health secretary Jeremy – mispronounceable - Hunt he gets the post Boris slot, but spare a though for poor David Cameron, today is his 46th birthday and he’s not looking to well on it, something - or someone - giving him sleepless nights?

Morning Star


Daily Mirror








Times (no links all stories behind paywall)

  • Osborne refuses to budge over his austerity package (p1)
  • Britain and US in crucial talks over BAE merger (p1)
  • Tory conference: It’s bad for my ego, says Boris (p6)
  • Workers of the world unite, cried George – Ann Treneman (p8)
  • Investors attack BAE over deal (p12-13)
  • To win, cameron must try a ,little tenderness – Rachel Sylvester (p19)
  • Russian winter thaws for BP (p31)
  • 20,000 JLR workers win near 10-per cent pay deal  (p35)
  • Virgin set to get green light to carry on West Coast line operations (p37)
  • Shrinking economy warning deals blow to Osborne’s hope of recovery (p39)








FT (no links all stories behind paywall)

  • Opposition mounts to BAE deal (p1)
  • Osborne delights Tory right (p1)
  • Osborne puts cuts centre stage (p2)
  • Financial stalwarts line up top lead BoE (p30
  • Whitehall cuts hit R&D budgets (p4)
  • West Coast tender to take another 18 months (p4)
  • IMF warns Osborne to prepare for Plan B (p5)
  • Lex in depth – EADS-BAE (p11)
  • Time for Cameron to shape his own European policy – Janan Ganesh (p13)
  • UK shoppers face blight of closures (p19)
  • Ex BAE chief Turner gives backing to BAE-EADS tie up (p22)
  • FJLR agrees pay deal with unions (p23) – Unite quoted


Yesterday’s Unite releases

·         Amnesty International UK strike over threatened job losses

·         JLR shop stewards vote in favour of two-year pay deal

·         Kids go hungry as Osborne renews his attack on poor families

·         Unite welcomes Chávez re-election in Venezuela

·         JLR car workers meet today to decide on two-year pay deal


Edited by Mik Sabiers