News digest 13 June 2013

News digest 13 June 2013

13 June 2013

It’s bye bye to RBS chief Stephen Hester. The boss of the state backed bank resigned yesterday after continued pressures from chancellor George Osborne, the Times sums it up well with the headline: Bitter Hester loses fight to stay as RBS chief. He can’t however be that bitter as he gets to walk away with £5.8 million when he eventually leaves in December. Unite’s Dominic Hook is quoted on the front page of the Guardian as well as in the Mirror and Mail, summing it up as: "With over 30,000 job losses over the last five years and major stress for RBS staff there is likely to be a lot of anger over Stephen Hester's taxpayer funded multi-million pound exit package … the government has the opportunity to shape RBS into a bank that serves the people. It can not afford to miss this opportunity." What’s the bet it will.

And with RBS expected to announce some 2,000 job losses in its investment banking division, the latest unemployment figures released yesterday showed a slight dip of 5,000. However the underlying figures show continued cause for concern. Many papers note that there are now over one million people aged over 65 still in work, and 950,000 young people are out of work. The Indie reports that the government – under guidance from business secretary Vince Cable – is potentially looking into reviewing zero hours contracts as 200,000 people face turning up for work with no idea if they have any that day. Shouldn’t be allowed.

And blacklisting remains in the headlines. Labour leader Ed Miliband backed the #SaveOurSafety campaign to ensure construction workers are safe at work and that any Tory plans to water down health and safety regulations will be challenged: “For far too many people in Britain the workplace is nasty, brutish and unfair because the government is failing to set the right rules … protecting people at work and keeping them safe should be the first priority of all employers and the next Labour government will ensure that it is.“ For an understanding of the reality of blacklisting look no further than the piece by Ricky Tomlinson in the Guardian which looks at Unite member Frank Morris who says he was sacked due to his trade union activities. Tomlinson sums it up simply: “There is no place for blacklisting in the UK; standing up for your conditions at work is a basic human right.” Too right.

 Morning Star

 Daily Mirror




 Times (no links all stories behind paywall)

  • Bitter Hester loses fight to stay as RBS chief (p1)
  • Damning report lays bare rail misery (p1/6-7)
  • Hewitt cashes in on Bupa job (p13)
  • Vodafone’s latest big deal on hold (p41)
  • Unions lambast O2 job losses (p41)




 FT (no links all stories behind paywall)

  • Hester to step down as Osborne eyes shake-up (p1/19)
  • Personal data for sale at $0.0005 per person (p1)
  • CBI seeks raid on ringfenced budgets (p2)
  • Over 65s in work tops one million (p3)
  • MPs demand Google tax revamp (p3)
  • Lex in depth: Vodafone (p11)
  • New BAE chair to keep status quo (p18)
  • Punch proposals rejected (p23)

 Edited by Mik Sabiers

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