News digest 11 April 2013

News digest 11 April 2013

11 April 2013

The digest opens with yet more coverage of Margaret Thatcher. Yesterday’s marathon parliamentary tribute session saw a whole host of MPs (mostly Tory) rise to praise the ex-prime minister who died on Monday, although there were a few MPs– like Glenda Jackson – who were less enamoured with her and the Labour benches were less than full. Labour leader Ed Miliband gave a statesmanlike speech which - given revelations that the speaker was bounced into the costly recall of parliament by prime minister David Cameron who supposedly had to lean on Miliband for backing – went down well on both sides. Miliband was respectful, yet critical saying: “The prime minister, the deputy prime minister and I all came of age in the 1980s when you defined your politics by being for or against what she was doing. It’s fair to say, we took different paths ... [she was] someone with deep convictions, willing to act on them. ... whatever your view of her, Margaret Thatcher was a unique and towering figure. I disagree with much of what she did, but I respect what her death means to the many, many people who admired her.” Clever words.

And the long term legacy of Thatcher’s Britain is the other main story of the day. Hamish McRae in the Indie looks at how the stock market fared under previous prime ministers, bottom of the table was Gordon Brown whose tenure saw a 6.75 per cent fall in the share index, Blair’s time saw just a 4.54 per cent rise, while Thatcher’s period of office saw an 11.79 per cent rise. However the biggest rise came during Jim Callaghan’s term of office with a whopping 19.22 per cent jump in the index, so perhaps it is back to the 1970s…

Or maybe not, the Mail looks at global trade stats and says that the head of the World Trade Organisation, Pascal Lamy, calls the figures ‘sobering’, worse still is the fear that there are echoes of the 1930s as countries consider trade barriers to protect their economies from competition.

But in Britain in reality it is back to the 1980s as the FT starts an ‘Austerity Audit’ looking at government changes to Britain's benefit system which are the most significant for a generation. The FT notes the geographic impact varies widely, with post-industrial regions such as Blackpool hit hard, while the wealthy south east towns largely escape, although there are parts of the south also hard hit. The FT asks whether the potential long-term gain is worth the immediate pain, there’s no need to look at the stats, just step outside your front door and the impact of the Con-Dem cuts is staring you in the face, it’s time for Plan B…

Morning Star

Daily Mirror



  • Post Office takes on high street banks (p2)
  • Battle to stop Maggie hate mob (p4-5)
  • Thatcher wasn’t divisive – she just didn’t cave in – Leo McKinstry (p14)
  • Small firms to get £400 million boost as new bank opens (p50)
  • Halfords in driving seat after winter sales boom (p51)
  • Marshalls plans to sell quarries (p51)


 Times (no links all stories behind paywall)

  • Thatcher to blame for British split on Europe (p1-6-10)
  • Spring deep freeze will force bills up by £200 (p1)
  • Key Cameron donors switch support to Ukip (p15)
  • HBOS banker told pension a matter of conscience (p39)
  • Broker quits Stobart after boardroom ‘power grad’ (p39)




 FT (no links all stories behind paywall)

 Edited by Mik Sabiers

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