News digest 21 January 2013

News digest 21 January 2013

21 January 2013

It’s a more compact digest today as while the author has managed to cycle through the snow the papers arrived late. The top story across all the papers remains the aftermath of the Algerian hostage crisis. At least 48 hostages are now thought to have died in a siege at an Algerian gas plant, with reports saying 25 bodies found at the complex on Sunday were all captives. Prime minister David Cameron warned of 'decades' of struggle against terrorism in north Africa after six of those who died were Britons and many papers consider this a new front in the fight against terrorism, but then after the interventions in Afghanistan Iraq and Libya some might say you reap what you sow…

And after the end of the crisis Cameron has now confirmed that he will give his ‘jinxed’ speech on Europe this week. The Telegraph reports that its already much-trailed content should please the Eurosceptic wing of his party, what it does for the UK economy is another matter entirely, especially as the Indie reports on the calls from the Ernst & Young ITEM Club which says the government should go for Plan B stressing the government’s strategy of targeting inflation has broken down, could it be all change when Carney comes in?

As the FT’s front page notes a new tax crackdown – this time on middle class professionals – the top story in the Morning Star follows up on research from Oxfam that shows the world’s richest 100 people could afford to end the hunger, thirst and basic illness of every person on Earth, don’t hold your breath as more prefer to count money that contribute to charity.

The other key story in the Morning Star and one that could make a concrete difference is that leaders of Unite, PCS, POA and UCU unions will meet in Liverpool this weekend to take steps towards a general strike against austerity. Unite’s Len McCluskey said: "Any form of resistance that makes this government take a step back is positive." No argument there.

On the industrial front the campaign to save the black cabs looks like it could end with a Chinese takeover as the Express reports Geely is close to upping its 20 per cent stake to a controlling holding, the problems for the Boeing Dreamliner continue to be analysed but there is better news HMV with a rescue bid being tabled.

And finally if you thought that G4S could not get any worse the Sun reports on the firm which last year won a £300 million deal from the Ministry of Justice to clean courts. Six months on it has emerged that the 800 cleaners the company inherited are facing redundancy as G4S tries to renegotiate the entire contract, so much for learning the lessons and mending your ways, expect the government - as ever - to say nothing…

 Morning Star



 Times (no links all stories behind paywall)

  • Fuel poverty warning for millions of households (p1)
  • New front opens in war against al-Qaeda (p1)
  • Weather: Travellers left on slippery slope (p4-5)
  • Hostage crisis: Dust settles (p8-9)
  • Fingers crossed for Cameron’s ‘jinxed’ EU speech (p18)
  • We won’t let Russia interfere, BP assures Azeri president (p31)
  • Dreamliner inquiry turns to Meggitt (p31)
  • Osborne ‘must ditch his inflation target’ [or face triple dip] (p35)
  • Manufacturers must keep supply lines open (p36)
  • Shake up at Sony (p37)




 FT (no links all stories behind paywall)

  • CPS targets middle class in tax crackdown (p1)
  • Cameron EU speech slips down the agenda (p2)
  • More finance jobs face axe (p2)
  • MPS savage ‘plebgate probe’ (p3)
  • Labour seeks inquiry into building sector blacklist (p4)
  • Pressure on buyout firms in Europe (p19) [private equity pressure]
  • UK banks boost corporate broking (p19)
  • Dreamliner faces further delay (p20)
  • Fiat turns to Maserati to rev up its fortunes (p21)
  • [Industrial] companies set to deepen costs cuts in Europe (p22)

 Edited by Mik Sabiers

Comment on this story