News digest 25 April 2014

News digest 25 April 2014

25 April 2014

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

·                Labour to take on bad bosses - Indie

·                Barclays AGM: Shareholders large and small protest over pay and bonuses – Guardian

·                £5m for the Barclays boss is disgusting. But so is £71 for the unemployed – Polly Toynbee – Guardian

·                Sales slide as Starbucks feels tax backlash - Mail

Could zero hours contracts be on the way out? The digest opens with reports in the Mirror and Indie that later today Ed Miliband will outline proposals to introduce laws that would stop bosses exploiting workers by using zero hours contracts, under his proposed rules anyone on zero hours contracts for over six months will have the right to ask for fixed hours contract, exclusivity deals would be banned and companies would have to pay for cancelling shifts at short notice. Unite is quoted in the Mirror: “We hope this is the beginning of how our country rids itself of the zero hours scourge. People want tough action.” No argument there.

There was however plenty of argument at the annual Barclays shareholders’ meeting as the bank’s management team faced a barrage of criticism over handing out bumper bonuses of £2.4 billion last year even though the bank saw a 32 per cent fall in profits. Comments featured in the papers ranged from one angry shareholder saying those getting the payouts “should be in prison” while one shareholder bemoaned the bank’s rise in overdraft fees by asking chairman Sir David Walker: “Are you considering merging with Wonga.” Not a good day for the bank, but a worse one for shareholders and the rest of us as the bonuses were still voted through…

But then it seems that people power may be having an effect after many of the papers report that coffee chain Starbucks has seen its UK revenue slide by 3.4 per cent after its tax row, the company says it has closed unprofitable stores, but what it has not done is end the offshoring of its profits so it can minimise any tax paid, surely it is about time the Treasury cracked down on such blatant tax trickery, as they say: “Now you see it, now you don’t” that’s as true of tax receipts from Britain’s biggest firms as the so-called economic recovery is for the rest of us…

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  • Ed’s war on zero hours (p2) – Unite cited
  • Ukip hopeful suspended over racism (p6)
  • Hillsborough smears sent from government computers (p9)(p)
  • Fury over bank bonus bonanza (p51)
  • Stamp put on Mail deal (p51)

  Sun (no links all stories now behind paywall)

  • Vile tweets of Farage’s TV ad star (p20(p)
  • Safe seat for Bojo (p2)
  • Fire staff to strike (p6)
  • Oi Barclays, are you merging with Wonga? (p14)
  • Pub sales up (p45)


  • Ukip star suspended over ‘racist’ messages (p5)
  • Barclays under fire as investors revolt (p65)
  • Sales fall at premier (p65)
  • Unilever sales grow (p68)


  Times (no links all stories behind paywall)

  • Coalition split on role of church (p1)
  • Ukip expels builder who ranted about race on Twitter (p4)
  • Shoplifting at highest level in four years (p8)
  • Ambulance waits getting longer (p14)
  • Labour to move loan to union bank (p18) – Unite cited
  • Shareholders spring back into action over top pay (p41)
  • GE eyes Alstom (p43)
  • Union hails victory as post office staff win 7.3 per cent pay rise (p46)
  • Unilever recovery spreads (p47)




  FT (no links all stories behind paywall)

  • Barclays defies revolt over bonuses (p1)
  • City braced for EU tax ruling (p2)
  • Coalition looks for long term energy deal (p4)
  • Ukip suspends star of ads (p4)(p)
  • GM chief keen to regain lost ground (p15)
  • Co-op riven by power struggles (p21)

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