News digest 2 December 2014

News digest 2 December 2014

02 December 2014

Today’s digest is all about tomorrow’s Autumn statement as the content is not so much leaked, but gushing from the pages of the press. The Telegraph talks of as new £100 million garden city with up to 13,000 homes, the Guardian highlights £2.3 billion for flood defences, while many of the papers report on announcement [or should that be photo opportunity] of the tunnel under Stonehenge and the related road building plan [which has already been announced anyways]. The top line is that chancellor George Osborne wants to offer [a little bit] more money for pet projects and try and instil some ‘happiness’ in the ‘lifeless’ recovery, the reality is that the only way to do that is to offer people a proper pay rise and more prosperity. Sadly the austerity addiction means that won’t happen, Rachel Sylvester in the Times say the coalition is deeply divided on tax and spend [although remember that means both are united in backing the cuts], while the FT talks of a £50 billion black hole in the government’s accounts in terms of paying down the deficit. In part, that is a result of what the Guardian terms as Britain’s ‘low-paid jobs’ crisis. Surely it is time to end the public sector pay freeze and for firms to share some of their profits? The sad reality is that firms are shirking their responsibilities, once again Starbucks has been blatant in saying it will choose what tax to pay [not very much], even the Mail is shocked, but then James Moore in the Indie highlights how HMRC has helped many firms avoid tax [doing Osborne’s bidding no doubt], but there has been some shame heaped on big corporates after BG Group backed down over the ‘golden hello’ for new chief exec Helge Lund, he has had his proposed pay cut from £10 million to £4.7 million, so lucky that the Tories made that top rate tax cut, as ever we live in a  topsy turvey economy where people work harder and get poorer while the rich roll in ever more money, perhaps the best line comes from the Morning Star front page, namely Austerity: it’s got to go, yes indeed

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Alexander’s building gamble (p2)
  • Greedy BBC bosses pay ‘exposed’ (p4-5) [BBC attack job]
  • 1m EU migrants coming in next 10 years (p6)
  • MoD wastes £6m on duff earplugs (p15)
  • 7 payday loan firms closed (p43)
  • £1bn on tick in October (p43)



  Times (no links all stories behind paywall)

  • Ukip fixing candidate selections (p1)
  • Brown bids emotional farewell (p2)
  • Most voters want gas and railways renationalised (p2)
  • Unite under fire over Scots Labour ballot (p2)
  • Osborne’s tax cut Treasury headache (p7)
  • Care workers on zero hours and underpaid (p14)
  • Coalition deeply divided on tax and spend – Rachel Sylvester (p29)
  • BG bows to investors anger and cuts pay deal (p43)
  • All change at Tesco (p43)
  • Obama veto threat puts tax breaks in jeopardy (p47)




  FT (no links all stories behind paywall)

  • Osborne to offer Belfast control of business tax (p1)
  • Rouble rocked (p1)
  • Osborne’s £50bn blow on deficit pledge (p3)
  • BG climbs down over pay (p17Diageo disappointed (p21)

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