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News digest 27 January 2014

News digest 27 January 2014

27 January 2014

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

·                Balls; I’m proud of what Labour did - Mirror

·                Labour's 50p tax rate: what you need to know - Guardian

·                Boris: 50 per cent strike poll pledge – Mirror

·                Bash the rich and you deprive us of what their taxes pay for – Boris Johnson - Telegraph

·                Calls to reopen inquiry into Tory’s Nazi party – Independent

·                Hungry families beg GPs for food bank vouchers - Mirror

·                We want a fairer society – and here’s how we achieve it – Owen Jones - Independent

The top story in many of the papers is the pledge made by shadow chancellor Ed Balls to reintroduce the 50p tax rate. Balls hit back at accusations that Labour was anti-business after the modest plans to reintroduce the 50p tax rate were outlined over the weekend. The Telegraph and FT highlight how bosses have gone on the attack over the proposals, while the Guardian is more moderated going with the headline that the 50p rate will only be temporary. Balls also started to counter the Tory argument that the mess was down to Labour’s mismanagement and highlighted how the global financial crisis was the real cause, finally taking the argument to the Tories. Responding to the announcement a Unite spokesman said: “The commitment to restore the 50p top rate of tax is a sign that a future Labour government understands the need for a fairer taxation system in this country. This is a beginning; we would urge Labour to also tackle the disgraceful abuse of the system by the evaders and avoiders too. Voters will know now that Labour is emerging as a  positive choice for this country. Contrast this move with the complacency of the government, which has instead of finding ways to get money into people's pockets, insists to cash-strapped workers that everything is rosy.”

And from Balls to Boris and the London mayor has come out not only against the top rate of tax being raised, in fact he wants it cut to 40p, but has also announced that he will push for a 50 per cent threshold with regards to unions taking strike action. This is from the man who has been in power for six years and has not even met with the trade unions that represent the transport workers across the capital once, yes, not even once. Maybe someone should ask what percentage of the vote Boris Johnson was elected with, don’t think he’d be in position in that case, so not a case of what is good for the goose is good for the gander, yet another terrible idea from an out of touch Tory that likes to bumble but seems to have done nothing for London for six years…

And from Boris to Burley and the headline in the Mirror and Indie which focuses on the Tory MP Aidan Burley and his friends who decided to hold a party and have fun around a Nazi theme including his friends dressing up in SS uniform (bought by the MP). The Daily Mail over the weekend uncovered a series of what could be termed ‘inconsistencies’ in his statements, it really is time for him to resign…

Edited by Mik Sabiers

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Banking fail hits millions (p4)
  • Balls: Labour ought to have spent more (p6)
  • Britain lost out from the Blair Rich project – Trevor Kavanagh (p8)

  Express

  Mail

  Times (no links all stories behind paywall)

  • Payouts to rise 30 per cent in pension revolution (p1)
  • Labour unclear if 50% tax rate permanent (p2)
  • Tories to ‘ban strikes unless half of staff support them’ (p8)
  • Network rail pressed to cut bosses bonuses (p24)
  • Until Balls says he is wrong, he’s a liability – Gaby Hinsliff (p25)
  • Vodafone in talks over Spanish acquisition (p37)
  • Significant jump in minimum wage is affordable, claims business leader (p43)

  Indie

  Guardian

·         Ed Balls says 50p tax rate will be temporary (p1)

·         Labour's 50p tax rate: what you need to know (p2)

·         The great migration south: 80% of new private sector jobs are in London (p2)

·         Michael Gove denies link to anti-Ofsted campaign and backs chief inspector (p4)

·         Tristram Hunt: Michael Gove must disown 'smears' against Ofsted chief (p4)

·         David Cameron to rip up green regulations (p6)

·         Figures show extent of NHS reliance on foreign nationals (p7)

·         Genocide survivors speak of horrors of the Holocaust, Cambodia and Rwanda (p8)

·         Lloyds and TSB customers vent anger as IT glitch hits ATMs and debit cards (p10)

·         Leader of Hungarian far-right party Jobbik holds rally in London (p10)

·         Lib Dem minister Steve Webb advocates high-risk pension scheme (p10)

·         British executive at Indian car firm Tata dies in Bangkok hotel fall (p10)

·         Past power failures 'dress rehearsals' for frequent future blackouts (p23)

·         Growth figure likely to bolster recovery hopes (p23)

·         Citi bankers to receive at least half their bonuses in cash (p23)

·         BBC and BT top pension schemes league table (p24)

·         Greece faces new black hole in finances amid rising tensions with creditors (p24)

·         Davos 2014: looking back on a forum that was meant to look ahead (p25)

·         Fracking firms 'should pay £6bn a year tax to compensate for climate change' (p25)

·         Number of UK companies issuing profit warnings falls to three-year low (p25)

·         Leader: 50p tax rate: more than small change

 

Telegraph

  FT (no links all stories behind paywall)

  • Business blasts 50p tax plans by Labour (p1/3)
  • Parties court small business (p2)
  • Investment can’t hide North Sea problems (p2)
  • Exodus forces Bupa to examine lower premiums (p4)
  • Leader: Automation and the threat to jobs (p12)
  • UK car industry gears up for another year of bumper sales (p17)
  • Tata car head dies in hotel plunge (p20)

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