News digest 28 October 2014

News digest 28 October 2014

28 October 2014

The top story this morning is the announcement of another 10 per cent reduction in the loyal Lloyds workforce where another 9,000 jobs are to go, this is on top of more than 30,000 job cuts at the bank since the start of the banking crisis back in 2008. Lloyds Bank, quarter owned by the taxpayer, was also taken to task over the repeated leaks of its plans to cut jobs ahead of this morning’s announcement. Said Unite national officer Rob MacGregor: “These are deeply unsettling times for Lloyds staff, who after days of speculation and leaks face yet another round of job cuts and a future of uncertainty … job cuts could have unknown consequences on customer service and will put even more pressure on the staff who have helped get the bank back on the right track. Over the coming days we will be pressing Lloyds for clarity and for guarantees over no compulsory redundancies.”

The other story across all the papers is the David Cameron security scare after a jogger somehow slipped past the prime minister’s bodyguards and bumped in to Cameron as he left an event in Leeds. The man – Dean Farley - was arrested and then released after police concluded he meant no harm to the PM [rumours that Nigel Farage was also in the vicinity were unfounded] but the PM’s security team has questions to answer. And the PM also has more questions to answer as his ‘blast’ at the EU over the bill that chancellor George Osborne knew about, but Cameron didn’t [yeah, right!] seems to have driven a surge in support for Ukip. The sad thing is people do not realise how nasty Ukip’s actual policies are, seemingly people are happy to vote for handing away holidays and maternity rights, giving the rich tax cuts, privatising the NHS and getting rid of workplace rights, don’t say you weren’t warned…

And on workplace rights there was a small victory over zero hours after Sports Direct lost a court case which means it will now need to properly advertise its zero hours terms [why not just abolish them], and the Indie reports that after further falls in wages the UK has now dropped out of the top 20 in the gender equality index, so Britain really needs a pay rise, but sadly that does not seem to be the case. The wage siege sees a few of the papers report that people are planning on cashing in pensions early so they can take holidays, although if bosses at Thomson don’t get their act together there could be flights cancelled at Christmas as staff voted for action in a dispute over pay, but if you want to know who has cancelled Christmas look no further than the front page of the Telegraph which reports that Cadbury is ending a Christmas tradition for families and has stopped making chocolate coins wrapped in gold foil, I would say bah humbug but even humbugs are hard to find these days…

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • NHS fat cats to keep pay offs (p4)
  • Cameron security scare (p9)
  • Lloyds under stress (p41)



  Times (no links all stories behind paywall)

  • 200,000 ‘will blow’ pensions next year (p1)
  • End to rehiring of public sector execs after £100K pay offs (p4)
  • Cameron security scare (p7)
  • Labour leader faces fight in Scotland to avoid collapse (p18)
  • Tesco hands boss huge share package (p37)
  • Unions warn of Xmas action at Thomsons (p38) – Unite cited
  • Oil price could tumble below $80 (p40)
  • Aggrieved customers turn up heat on RBS (p43)
  • Former MG staff seethe as Phoenix Four settle (p45)
  • Flybe sets course for regions (p45)




  FT (no links all stories behind paywall)

  • City faces more bad apples (p1)
  • Cameron’s anxiety over Ukip (p2)
  • HS3 looms (p4)
  • Cameron risks political death if he pays the Brussels bill – Janan Ganesh (p13)
  • Banks slide after ECB stress tests (p17)
  • Tui double detail merger itinerary (p18)
  • Co-op goes for Holt (p22)

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