News digest 6 May 2014

News digest 6 May 2015

06 May 2014

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

·                MPs fear Pfizer takeover will bring job losses - Telegraph

·                Collapse in pay behind Britain’s return to work - Indie

·                Jobseekers being forced into zero-hours roles – Guardian

·                Why the middle is still feeling the squeeze – Judith Woods - Telegraph

The front page of the FT leads today’s digest with AstraZeneca urging prime minister David Cameron to remain neutral over the hostile Pfizer takeover. Details of a conversation by AstraZeneca’s chair Leif Johansson where he cautioned over Cameron’s active engagement with Pfizer, while Labour leader Ed Miliband called Cameron a ‘cheerleader’ over his actions towards the hostile takeover. There’s a sizeable section of the press questioning the proposed takeover –Alex Brummer in the Mail does not hold back arguing: “Why on earth is Dave letting asset strippers loose on one of Britain’s great companies?”, why indeed and with the US giant more focused on saving tax rather than synergies, the main fear is potential job losses high on the agenda. Vince Cable may be called to the Commons today to explain the government’s approach, but will he argue to safeguard jobs or is the deal effectively done?

And what world of work is out there for those with job losses? Many of the papers note that the rise in self employed people does not come with a rise in wages, rather a 40 per cent cut as working for yourself does not pay. The Indie leads with a strong piece showing the collapse in pay behind the so-called rise in employment, David Blanchflower – also in the Indie – argues that the jobs figures are unreliable and the Guardian leads with the latest example of how the Tories are targeting those without jobs, saying if someone refuses a zero hours contract – with no guarantee of work – they will lose their benefits.

You think that’s bad, then the Times reports that the unemployed may be forced to volunteer alongside offenders, and you though we lived in a progressive country. Well think again, as even the middle classes are being forced to use food banks as the Mirror and Telegraph report a food bank has opened in one of the UK’s most well-heeled resorts, Lytham St Anne’s. The Telegraph also has a detailed piece by Judith Woods on why the middle classes are feeling the squeeze with child benefit chopped, tuition fees for their children and no chance of downsizing while the children remain at home as they can’t afford to climb on the property ladder. So the working classes are forced into ever poor paid work – if they are lucky - and now the middle classes are starting to share the pain, are you feeling the recovery yet? Not unless you’re part of the rich elite…

Edited by Mik Sabiers

  Morning Star

  Daily Mirror

  Sun (no links all stories now behind paywall)

  • Third of population non-white by 2051 (p1)
  • Tube strike off (p2)
  • Staff get [40%) more [pay] (p9)



  Times (no links all stories behind paywall)

  • Third of population from minority by 2050 (p4)
  • NHS whistleblowers demand justice (p6)
  • Tube strike called off (p7)
  • Unemployed may be forced to volunteer alongside offenders (p19)
  • Why working for yourself does not pay (p19)
  • Royal Mail hostage to fortune on chief’s pay (p39)
  • Pfizer needs shot in the arm (p39)
  • Destiny of Co-op to be decided (p42)




  FT (no links all stories behind paywall)

  • AztraZ calls on PM to be neutral over Pfizer (p1)
  • Business lending slows down (p2)
  • Battle looms over driverless trains (p4)
  • Tory tax on property perfect for Piketty age – Janan Ganesh (p13)
  • Fiat Chrysler plans Alfa drive (p17)
  • Siemens set for overhaul (p19)
  • JCB digs in after India demand stalls (p22)
  • Channel Tunnel’s legacy of lessons (p23)

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