News digest 10 June 2013

News digest 10 June 2013

10 June 2013

Today’s digest opens with a two page spread in the Mirror which lists Britain’s greediest bosses. From ENRC’s Felix Vulis who has seen a seven per cent increase in his pay to £2.5 million, almost 350 times the average wage of his employees to ex G4S boss Nick Buckles in third with his £2.3 million pay packet over 300 times the average for workers at his company which is just over £7,500 a year. The Mirror’s ‘Greed List’ takes the earnings of the chief execs of 350 of the country’s biggest firms and compares that to average staff pay at each of the companies and it generally works out that many of the bosses take home in a week what their average worker earns in a year. Talking on executive pay overall Unite general secretary Len McCluskey  said: "These figures show that it's business as usual for the super rich. Despite a flatlining economy, the bonanza in Britain's boardrooms continues while demand for food banks rises as working people struggle to make ends meet in the face of pay freezes and below inflation pay rises. Soar away executive pay is one of the scandals of our time. 14 per cent of the nation's wealth is now concentrated in the hands of just one per cent thanks to lottery style salaries. It's unsustainable for the government to turn a blind eye to unfettered greed. The government needs to follow the lead of other European countries in clamping down on excessive executive pay." We can live in hope…

In other political news foreign secretary William Hague is to be grilled by MPs over the illegal web snooping of UK citizens as the Prism scandal builds. From one scandal to another as the lobbying scandal continues, this time Tory Tim Yeo is in the frame over allegations that he coached a business executive on how to deal with a grilling from the Commons energy select committee, Yeo is chair of the committee. The MP has referred himself to the standards committee, but the headlines are damning with the line generally being ‘Yeo must go’ let’s wait and see, and it could be all change as prime minister David Cameron is believed to be considering a reshuffle yet again, the rumour is that the culture ministry may be abolished and ex–defence secretary Liam Fox may be invited back, didn’t he resign over a lobbying scandal, so much talent in the Tory party then…

And still on the subject of lobbying the Guardian trails tomorrow’s lobby of parliament by construction workers who are locked in a multimillion-pound fight with the bosses of Crossrail over blacklisting in the industry. There’s a programme on the subject on BBC’s Panorama tonight and tomorrow blacklisted workers will descend on parliament to explain the reality of how their lives have been dramatically hit by blacklisting. Many of the workers could not find jobs after raising health and safety concerns on building sites or even just by wanting to be in a union. The Guardian uses a quote from Len McCluskey to sum it up simply: “Blacklisting is a national scandal – it ruins lives and has no place in modern society.”

 Morning Star

 Daily Mirror







 FT (no links all stories behind paywall)

  • Backlash over US snooping intensifies (p1)
  • Treasury eyes 10 per cent Lloyds stake sale (p1/3)
  • Osborne to offset cuts by backing transport (p3)
  • Balls forced to deny he would hit pensions (p2)
  • Regional confidence lifts hopes for recovery (p4)
  • A blueprint for returning Lloyds to the private sector – James Barty (p13)

 Edited by Mik Sabiers

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