News digest 10 April 2013

News digest 10 April 2013

10 April 2013

There’s still quite a lot of coverage of the death of ex-prime minister Margaret Thatcher in today’s papers, with the government having announced details of her ceremonial funeral which will be held a week today. The main focus regarding her death today will be on parliament which will reconvene at 14:30 for both the House of Commons and House of Lords to pay their tributes, but the papers are dividing into those that praise her legacy and those that question the cost of the pomp of her funeral, the Mirror front page sums it up as ‘the £10 million goodbye’ while the Indie says ‘a nation disunited in mourning’ but it is left for the Sun saying that Thatcher has topped a poll as the most popular post-war prime minister, eclipsing Winston Churchill with 28 per cent to Churchill’s 24 per cent, Blair came in third with 10 per cent, while Gordon Brown got a lowly 2 per cent, but even that was better than current prime minister David Cameron who got a big fat zero.

And from zero to one per cent, which is the average rise in pay for workers in the past year, however that is typically tiny in contrast to the big bosses who enjoyed a bumper 16 per cent rise. The Mail report notes that ‘astronomical pay can only be justified by stellar performance’ but in the real world it is anything but, that is why a new wave of shareholder activism could be on the cards, believe it when you see it.

There has however been one bit of good news as disgraced ex-HBOS boss James Crosby has asked for his knighthood to be taken back, and a bit of his pension, it’s a step in the right direction but we still wait for a much bigger change in the conduct in the City. Aditya Chakrabortty in the Guardian sums it up best as ‘they cost us billions, yet our disgraced bankers are still getting away with it’, too true

And also looking like he may get away with it is chancellor George Osborne,. The latest data from the NIESR yesterday showed the UK economy seeing an estimated 0.1 per cent rise, so fears of a triple dip are receding, but the trade gap has widened so there is still trouble ahead.

But not for Paris Brown, the teenage tweeter who became a youth police and crime commissioner finally resigned after her own force started to conduct an investigation into her racist and homophobic tweets. As ever be careful what you say as it even if it is taken down it can still be used as evidence against you…

 Morning Star

 Daily Mirror




 Times (no links all stories behind paywall)

  • Disgraced banker hands back knighthood (p1)
  • Queens leads Thatcher mourners (p1/8-13)
  • Britain sidelining youth, warns Unicef (p15)
  • The selfish Left, not Thatcher, divided us – Daniel Finkelstein (p23)
  • Factories increase production (p38)
  • FirstGroup sees red (p39)
  • Cable raises threat of quotas for women on FTSE boards (p41)




 FT (no links all stories behind paywall)

  • Pressure on HBOS chiefs rises (p1/3)
  • Thatcher’s legacy (p2)
  • Manufacturing boost eases fears of triple dip (p4)
  • Watchdog investigates RBS over IT meltdown (p15)
  • VW finance division grabs business in Italy and Spain (p18)
  • Lagardier cuts last ties with EADS (p19)
  • Operator sells eight London bus depots (p21)

 Edited by Mik Sabiers

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