News digest 10 September 2014

News digest 10 September 2014

10 September 2014

The top story across all the papers remains the continuing countdown to the Scots referendum. Today’s PMQs has been shelved as the Guardian quaintly puts it the “party leaders take the high road” in an all-out attempt to ‘save’ the union. As Scotland’s first minister Alex Salmond derides the ‘panic’ in the no campaign, former prime minister John Major lays the blame at Labour’s door in a snide article in the Times, while the Telegraph talks of another ex-prime minister – Gordon Brown – as the great redeemer and the man who could save the union. According to the Mail current prime minister David Cameron is finally getting “passionate” about the union, and the Times says the Queen does not want to be dragged into the debate, and the Indie is talking as if the referendum vote has happened with its “Britain faces constitutional crisis at next election” [surely that should read Britain ‘could’ face], but perhaps the biggest danger was the reiteration by Bank of England governor Mark Carney that a currency union was “incompatible with sovereignty” meaning Scotland will need a new currency if the people vote for independence, it’s all getting very messy.

The other main story of the day also features Mark Carney, who yesterday addressed the TUC conference in Liverpool and his main line was that workers will have to wait another year before they get a pay rise. Apparently that is when Britain’s workers will deserve a pay rise, years after Britain’s top earners got one, years after the top rate tax cut, years after the so-called recovery. Commenting, Unite general secretary Len McCluskey said: “Mark Carney’s speech to the TUC was a missed opportunity to give hope to millions of working people  … in the past, Mark Carney has called for ‘inclusive capitalism’, but the tone of today’s speech was that working people will have to work longer, and, in many cases, for lower rates of pay. Working people are being asked to bear the burdens of the failure of capitalism and the 2008 banking crisis, and the grim austerity that followed which still dogs our people to this day. The corporate sector needs to unlock its coffers to create more opportunities for economic growth at a time when manufacturing output is at a 14-month low. Companies have stockpiled cash mountains in reserves, which should be unleashed. The message from Unite remains the same: ‘Britain needs a pay rise’.” And that’s why people will be marching on Saturday 18 October, put the date in your diary…

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Phone a McFriend (p1/4-5)
  • Bank pay rise hopes (p2)
  • Yes for Fairhead as Beeb boss (p2)(p)
  • iWatch announced (p13)
  • New Wonga boss to abolish bad lending (p44)



  Times (no links all stories behind paywall)

  • Don’t drag me into the debate, says the Queen (p1/6-11)
  • No pay rises for workers until 2016 (p2)
  • New iWatch (p20)
  • Labour’s deadly legacy puts union at risk – John Major (p25)
  • Monarch Airlines to slash salaries and pensions (p37)
  • Alstom paid £5m in bribes, court told (p40)
  • Labour’s spending left Britain exposed (p43)
  • Three millionth Mini (p45)




  FT (no links all stories behind paywall)

  • Investors pull cash from Scotland (p1/2-3)
  • Apple in big push to regain Jobs spirit (p1)
  • Public services cuts to bite (p4)
  • Trade deficit widens (p4)
  • Businesses face double whammy (p5)
  • Europe has to do whatever it takes [for growth] – Martin Wolf (p13)
  • Wonga taps RSA to bolster top team (p18)
  • ABB plans $4bn share buyback (p21)
  • Lloyds offloads housing group (p23)

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