News digest 2 May 2014

News digest 2 May 2014

02 May 2014

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

·                Bank of England warns housing market boom may turn to crash - Guardian

·                Labour will cap rent rises – Morning Star

·                Taxpayer taken for a ride – Indie

·                Chicken and the egged – humiliation for Ukip leader - Mirror

Housing remains high on the agenda, with the UK’s housing bubble causing concern at one end of the market and the struggle for ordinary people to keep a roof over their head on the other. As the Times reports one flat was sold in London for £140 million, the FT is one of many papers that fears the property price spiral threatens to derail the economy. While chancellor George Osborne tries to inflate prices with his ‘help to buy’ (or help to inflate the market further) policy, there’s further coverage of Labour leader Ed Miliband’s pledge to protect people in the private rented sector, with many commentators noting that the dog-whistle response from the Tories shows the Con-Dem coalition is still unsure of how to respond to the cost of living crisis. Owen Jones in the Guardian (online) sums it up with the headline ‘The foaming Tory response to Labour's rental reforms stops any rational debate’ while a number of papers concede Miliband has hit the mark again, although the right wing press tries to portray the move as Miliband in hock to the unions rather than the reality of listening to voters. As Unite general secretary Len McCluskey said: “We are pleased that the Labour party is making further moves to address housing failure in the country … this progressive programme will make a real difference to ordinary people and help soften the dysfunctional nature of the UK housing market.”

From inflated prices to underpricing and the Royal Mail sale continues to keep headline writers occupied, with almost all highlighting how companies that were supposed to be long term investors went for a quick buck, what a surprise. Cable does not come out of it well with Mark Leftly in the Indie praising the chairs of the parliamentary committees that have taken cable to task, the Guardian highlights five questions Cable should have asked and the Mail goes for the jugular with Alex Brummer saying the business secretary’s blunder saw millions of ‘our’ money handed to City spivs, that just about sums it up…

And from one fool with money to a fool in general and many of the papers report on the egg attack on Ukip leader Nigel Farage. Fresh from being called chicken for not standing in the Newark byelection (and being followed by the Mirror’s very own cockerel), yesterday the almost inevitable egging followed, the assailant said he used British eggs, but Farage remained humiliated more by his failure to explain why he was too scared to stand, something to do with losing, or possibly the hard work he would need to do to win, much easier to keep raking in the millions from his poor attendance at the European parliament…

Edited by Mik Sabiers

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  Morning Star

  Daily Mirror

Sun (no links all stories now behind paywall)

  • Chicken [Farage] and egg (p2)
  • Flat sells for £140 million (p2)
  • Cameron brother rocks law cut (p4)
  • Ed rent cap (p12)



  Times (no links all stories behind paywall)

  • £140 million flat sets record for property in Britain (p1)
  • House bubble threatens stability, says Bank of England  (p5)
  • Bob Crow’s daughter to take his place in European poll (p24)
  • The gap widens between the right and reality – Philip Collins (p31)
  • Astra chief caught on the hop (p45)
  • Lloyds rushes to float TSB (p48)
  • Surge in factory output (p50)
  • A day to remember for Serco (p51)




  FT (no links all stories behind paywall)

  • BoE fears mount over property price spiral (p1)
  • Pfizer to sweeten AZ offer (p1)
  • Shadow cast on signs of recovery (p2)
  • Miliband backs rent cap (p4)
  • Ford names Mullally successor (p15)
  • Lloyds to return to dividend (p16)

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