News digest 11 July 2013

News digest 11 July 2013

11 July 2013

The digest opens with most of the papers focused on business secretary Vince Cable’s announcement that he plans to privatise the Royal mail in a £3 billion sale. Some of the right wing papers focus on the supposed ‘bonus’ for staff who stand to get shares – or a bribe - of £2,000 if the flotation goes ahead, while the Sun reports that ordinary people will find it hard to get shares as City institutions will get first dibs. Then again that may not be a bad thing as quite a few papers caution on the dangers of the sell-off. And that is not just down to the threat of strike action from CWU members, but actually to the turmoil that privatisation could create with job cuts, site closures and a fundamental change in how the mail is delivered. Unite, which represents over 7,000 Royal mail managers, accused the government of selling off the Queen’s head to pay for George Osborne’s economic failure. National officer Ian Tonks said: “The Royal Mail sell-off is nothing short of daylight robbery. The government is doing what even Margaret Thatcher didn’t dare and selling off the Queen’s head … claims that privatisation is the only way the business can access private capital are bogus. This move is bad for business and bad for customers and could lead to rising prices and an end to the universal postal service which so many communities rely on.” Remember all those other great privatisations that did so well for the UK taxpayer, all the energy companies charging ever higher prices, water rates through the roof and not to mention the travesty of the privatised railways, don’t let the Royal Mail go the same way, back the #SaveOurRoyalMail campaign and sign the petition to keep the post public

And while the price of a stamp may go through the roof, that is also the possible direction of MPs’ salaries. Many of the papers report that the Independent Parliamentary Standards Authority will offer MPs a 10 per cent pay rise, but that will be in exchange for smaller pensions and expenses. Believe that when you see it, so much for we’re all in this together as they say…

And that takes us to the Mirror’s front page which has crunched the latest data from the Officer for National Statistics  and found that rich and poor are coming ever closer together. However, that is not in terms of pay equality but in terms of taxation, the Mirror has found that the rich are now paying just 35.5 per cent of their income in tax, while the poor pay a higher 36 per cent. Must be thanks to all those Con-Dem cuts for the top rate taxpayers. And cuts for vested interests also saw Ed Miliband land a few blows on prime minister David Cameron at PMQs yesterday when the prime minister almost went beetroot red after being asked about how hedge funds had fared under his watch noting that they had donated £25 million to the Tories and gained a £145 million tax cut in the budget, who’s in debt to whom…

 Morning Star

 Daily Mirror




 Times (no links all stories behind paywall)

  • Families face debt timebomb (p1)
  • NHS faces £30 billion shortfall (p8)
  • Miliband’s £10,000 earnings cap for MPs (p15) – Unite cited
  • Cable fires starting pistol on Royal Mail privatisation (p35)




 FT (no links all stories behind paywall)

  • Coalition keeps options open on Royal mail privatisation (p1/3)
  • Bailed out RBS chiefs face pay curbs (p1)
  • Crisis fears mount as private renting grows (p2)
  • Miliband hits back with hedge fund jibe at PM (p4) – Unite cited
  • Apple loses court battle over ebook price fixing (p15)
  • Europe’s carmakers race to bottom (p17)

 Edited by Mik Sabiers

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