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News digest 29 May 2014

News digest 29 May 2014

29 May 2014

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

·                Lib Dems: Who hates who - Mail

·                Farage: Does PM have backbone? – Telegraph

·                Bank of England policymaker: rise in interest rates 'sooner rather than later' – Guardian

·                UK's richest can save £18,680 a year as poorest 40% spend more than they earn - Guardian

·                Unions members £4,000 better off than the rest – Telegraph

The top story across all the papers is more bad news for the Lib Dems after Lord Oakeshott fell on his sword and resigned the party whip over his ‘leaking’ of a poll that showed the party heading for disaster at the next election. In his resignation statement Oakeshott said he was leaving the party "with a heavy heart" while proffering a stark warning to the party about its future prospects, summing up the Lib Dems under Clegg as having: “no roots, no principles and no values", what took him so long. The Telegraph sums it up as ‘Cable in Lib Dem leadership bid’ but the Mail has the most fun with’ Lib Dems in meltdown’, the reality is that the Lib Dems are on their way out, the yellow Tories (read Orange Bookers) will join the Tories leaving a beard and sandals rump to run off into oblivion, that will be Nick Clegg’s political legacy…

And what will be the Tories? Well, there is less coverage of the Ukip surge in the press today although both the Mirror and Guardian note that there has already be the first resignation of a Ukip councillor over spouting homophobic and racist comments, expect that to be the first of many. There is however a stark comment from Ukip leader Nigel Farage in the Telegraph asking if Cameron has backbone (answer – no), and there seem to be some rumbles on the economic front, with the recovery not going to the Tories ‘long term economic plan’. The CBI yesterday reported that UK retail sales growth has slowed, the Times argues that London property prices have reached their peak and many papers report that interest rates may be on the rise, with the FT noting that one MPC member is arguing for a rise in rates sooner rather than later, that won’t bode well for many people whose pockets are already empty, the Guardian does report that the UK’s richest are able to save almost £19,000 a year while the poorest 40 per cent spend more than they earn as the cost of living crisis continues. The Telegraph does however proffer one solution reporting on government data that shows if you join a union you will be £4,000 better off than the rest of workers which have suffered wage freezes or cuts in the past year. If the question is do you want better pay? The simple answer is join a union…

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Cabinet row over migrant limit bid (p1/7)
  • Cable: I was unaware of survey (p2)
  • Angelou dies (p4)
  • Part time pensions (p14)
  • Coe favourite for Patten BBC job (p16)
  • Interest rate rise fears (p44)
  • Sterling job at De La Rue (p44)
  • Aston Martin to create 250 jobs (p45)

  Express

  Mail

  Times (no links all stories behind paywall)

  • Coe frontrunner to lead BBC (p1)
  • London property prices have hit their peak (p2)
  • Business attacks Labour’s ‘costly’ pension plans (p2)
  • Clegg faces new assault on leadership (p8-9)
  • Ukip’s popularity won’t last – David Aaronovitch (p21)
  • Metso says no to Weir (p37)
  • Weston to quit British gas (p37)
  • Cuts at De La Rue (p38)Glaxo shares hit (p43)
  • Growth is on track, despite poor month in stores, says CBI (p43)

  Indie

  Guardian

  Telegraph

  FT (no links all stories behind paywall)

  • Warning to Bank of England over rate rises (p1)
  • Clegg coup plot peer resigns (p2)
  • Labour’s pensions plan for low-pair prompts red tape warning (p2)
  • Union membership increases in private sector (p4)
  • The regulators were right to force Pfizer’s hands – Adam Bogdanor (p15)
  • Weir eyes deals (p20)
  • Indian airlines push help button (p22)
  • Nationwide warns on house prices (p24)

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