News digest 6 March 2014

News digest 6 March 2014

06 March 2014

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

·                New fat cat outrage over bankers’ bonuses - Mirror

·                Pay rises as profits slide at City’s banking giants - Indie

·                Unite union cuts Labour funding by £1.5m – Guardian

·                Unite to help Labour after cutting fund – Mirror

·                PM damaged by close knit coterie of old chums – Sue Cameron - Telegraph

It’s all about the money in today’s digest, but depending on where you are it is either feast of famine. The front page of the Mirror splashes with a Unite quote that sums up the ‘feast’ side of the equation, namely a new fat cat row as 500 bankers pocket £1 million bonuses, it’s all kicking off in the City as senior bankers look to line their already very full pockets with yet more cash, share options and a myriad of other schemes to try and avoid the EU bonus cap. Unite’s Rob MacGregor sums it up simply quoted in the Mirror as saying: “This is a disgraceful act of greed.” The question is will the government do anything about it, don’t live in hope…

And depending on what papers you read the ‘famine’ could apply to the Labour party. Many of the papers follow up on the decision by the Unite Executive Council to cut Unite’s funding to the Labour party by £1.5 million a year, or more in line with the actual level of supporters, but if you look at the small print Unite has pledged to ensure the next general election is a ‘fair fight’ to ensure that the super-rich and global capital do not turn the UK in to a variation on Ukraine where the aforementioned super-rich can cream off all the profits while the rest of us fight for the few crumbs that may be left on the table, and with the continued cuts there are very few crumbs so bring on the election and let’s eject this miserable Con-Dem coalition and replace it with a government that speaks up for the country as a whole and not Cameron’s City and posh country chums…

Edited by Mik Sabiers

  Morning Star

  • Unite slashes Labour funding (p1) – Unite/Len McCluskey cited
  • Civil servants fight plans to send jobs to France (p2)
  • Abbott: Miliband could be as located as Hollande (p3)
  • O’Grady slams EU elite (p4)
  • No 10 accused of aide cover up (p5)
  • Wales: We don’t need Tory bilge on our NHS (p12)

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Pressure on Dromey over PIE (p2)
  • Miliband loses funding (p2) - Unite/Len McCluskey cited
  • MoD cuts worry (p4)
  • Labour to outlaw kids’ junk food (p8)
  • Barclays pays 500 bankers over £1 million (p14) – Unite cited
  • Three million young in jobs crisis (p14)
  • Stars in bid to save BBC3 (p29)
  • Inflation has rocketed (p38)



  Times (no links all stories behind paywall)

  • Minister attacks cable over immigration (p2)
  • BBC3 to be axed (p3)
  • Farage under fire over e-cig links (p19)
  • Bonuses at Barclays (p39)
  • Young jobseekers fall through the divide (p42)
  • BoE’s credibility at stake (p47)




  FT (no links all stories behind paywall)

  • Forex scandal hits Bank of England (p1)
  • Recovery hopes boosted (p3)
  • Crossrail trail (p4)
  • Migrant job threat fears scotched (p4)
  • Barclays sparks bonus outrage (p17)
  • Co-op says bank crisis hit food sales (p19)

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