News digest 26 September 2013

News digest 26 September 2013

26 September 2013

The digest opens with a £55 million fine for ICAP over fraud and conspiracy charges related to the Libor rate rigging scandal, notable because it shows the attitude in the City still remains the same. This comes as chancellor George Osborne announces he has mounted a legal challenge to the planned cap on bank bonuses by Brussels, not the greatest timing George. Labour is now calling for the Tories to return the £5 million in donations the Conservative party has received from ICAP’s founder Michael Spencer, who was co-treasurer of the party between 2006 and 2010. Believe it when you see it.

Labour still gets most of the headlines and the Labour party conference ended on a positive note with the energy companies coming out fighting against Labour leader Ed Miliband’s plans for frozen energy prices not homes which means he was obviously doing something right, especially as Lord Mandelson waded in too. The focus will switch to the Tories this weekend and it is apt that the last day of the Labour conference included the debate on the NHS with Labour pledging to not only repeal the Health & Social Care Act but shadow health secretary questioning the reasons behind Tory policy. Addressing conference Andy Burnham accused the Tories of running the NHS down saying: “Since April all NHS services forced out to the market. Look at what’s happened: Major contracts for NHS work won by Tory donors. Donors who bankrolled Andrew Lansley when he was planning his bill. Huge private health firms, run by people who have donated £1.5 million to the Tories, winning £1.5 billion in NHS contracts. Who gave the prime minister permission to sell the NHS to his friends? Nobody. He just did it, as born-to-rule Tories do.” Burnham summed up the prime minister: “Cameron the conman, who posed as a friend of the NHS to get elected, has turned it into his own Health Lottery, where his mates can’t lose and patients can’t win.” Angry about what is happening to the NHS? Then in just three days thousands of people will be marching in Manchester, join them and help #SaveOurNHS on Sunday 29 September

  Morning Star

  • Firefighters strike (p1)
  • Labour votes to take back our railways (p2)
  • Post Office workers to strike again (p2)
  • Burnham: I’ll extend Bevan’s NHS vision (p3)
  • Blackouts are a ‘scare story’ says Miliband (p3)
  • Labour vows to halt Royal Mail sale (p4)

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Red Ed knocks £2 billion off shares (p1)
  • Labour at Brighton (p2)
  • Labour’s fuel pledge is under fire (p8-9)
  • Carnage in Nairobi revealed (p13)
  • Heathrow bag chaos hits hundreds (p24)
  • ‘faster’ HS2 nay be ‘slower for many’ (p26)
  • National Express targets Germany (p46)
  • Bankers’ bonus cap fear (p46)






  FT (no links all stories behind paywall)

  • ‘Lord Libor’ trio put ICAP at heart of rate-rigging scandal (p1)
  • Osborne mounts legal challenge to Brussels cap on bank bonuses (p1)
  • Red Ed fails to sustain rosy glow (p2) - Unite/Len McCluskey cited
  • Miliband toasts events offstage (p2)
  • Regional retailers hit by business rate load (p4)progress on employment of women slows (p4)
  • Leader: Miliband’s costly light bulb moment (p12)
  • Barclays to retreat from 100 markets (p18)
  • Airbus to pitch lighter A330 (p18)
  • Ryanair woos business customers (p22)
  • Challenge to recast Thyssen Krupp (p20)Punch suffers 68 per cent fall in profit (p23)

  Edited by Mik Sabiers

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