News digest 18 September 2014

News digest 18 September 2014

18 September 2014

Today’s top reads: Stories to keep an eye out for:

·                Scottish independence: The results to watch out for as votes come in - Guardian

·                Jobs bonanza hides living standards hell – Morning Star

·                Phones 4u private equity owner walks away with £18m profit - Indie

So today the top story is Scotland decides, is it Yes or No? Whatever the result, we’ll know in 24 hours…

Other than Scotland the other top story is was the latest unemployment figures which saw a sharp fall to 6.2 per cent or 2.02 million, but wages were just 0.7 per cent higher than a year ago equalling the lowest ever pay growth figure recorded last month. The FT sums it up well with its headline: “Sharp fall in jobless rate comes at cost of pay” and Unite’s call for the Commons select committee to investigate who ‘the winners and losers’ in the jobs market are is covered in the Sun and Morning Star. Said Unite general secretary Len McCluskey: “While the fall of 146,000 in unemployment is welcome, it is based on record low pay and rising insecure employment which is blighting economic recovery. Pay is running significantly and stubbornly far behind the rate of inflation. We would urge the Treasury select committee to hold hearings to investigate who are the winners and losers in this so-called recovery as it is neither as clear cut, nor as rosy as the government likes to portray ... Unite believes that Britain’s workers need a pay rise to generate economic activity, make workers and their families more secure and to lift thousands out of reliance on benefits.” Will the Treasury select committee listen?

And one aspect that needs to be looked at are the reasons behind the collapse of Phones 4u and the loss of up to 6,000 jobs. Although a few of the papers report that some jobs may be rescued by Dixons which is to take over the concessions in its stores, that still leaves thousands facing the dole. That is all the more galling with the report in the Indie that says Phones 4u’s private equity owner has been able to walk away from the collapsed frim with a tidy £18 million profit, as ever the asset strippers get away with everything and ordinary workers bear the brunt, time to do the decent thing and share the proceeds with the workers and help support those facing the dole, knowing private equity that won’t happen but we can live in hope..

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Scotland decides (p1/7-9)
  • Warning over sin tax (p2)
  • Best jobs news since ’98 (p2) – Unite cited
  • Obese bankrupting the NHS (p4)
  • Dixon’s jobs 4u (p47)
  • Sony hit by £1.3bn losses (p47)



  Times (no links all stories behind paywall)

  • D-day for the union (p1/6-11)
  • Fifth of London’s top homes sold to foreigners (p2)
  • Jobless total falls to lowest since 2008 (p13)
  • An English parliament would rescue Cameron – Tim Montgomerie (p31)
  • Fed pledges low rates until growth picks up (p41)
  • Slim hopes of Phones 4u rescue fade (p47)
  • Punch lands debt rescue plan (p49)
  • Flybe goes second hand (p51)




FT (no links all stories behind paywall)

  • Scots referendum (p1-3)
  • Sharp fall in jobless rate comes at cost of pay (p4)
  • Banks VAT bills to soar after court ruling (p17)
  • Air France strike hurting nation’s image, warns premier (p22)
  • RBS would move south (p25)
  • Phones 4u eyes debt-equity swap (p25)