News digest 31 January 2013

News digest 31 January 2013

31 January 2013

The digest opens with workers at Greencore fighting back against corporate greed as the greedy CEO lines his pockets while cutting workers’ pay, watch the video here:

Also seeing attacks on the pay – but walking away with all their bonuses – are bankers with the Mirror reporting that Barclays pay boss thinks it was right to pay former chief Bob Diamond his bonus even if he reassigned over the Libor scandal, this comes on the same day that the bank axed another 475 staff. Unite’s Dominic Hook said: "Just as we learn about the huge bonuses at the top of the bank, frontline staff are … at risk. Many of the staff at the contact centre in Manchester will be furious to learn that the chief executive is in line for a £1 million bonus when their jobs are on the line.”

And while troops are for the chop – even with the latest move into Mali – the Telegraph reports prime minister David Cameron has pledged that there will be no more defence cuts, the Guardian provides a handy guide to what’s on the MoD £160 billion shopping list including new nuclear subs.

Where they will store the old ones is up for grabs after Cumbria council voted against a possible nuclear waste storage facility which could have helped create 1,000 new jobs and could also hit government plans for new nuclear plants. What is known is that energy pressures are increasing, but drivers have been reassured by an OFT report which has rejected the need for an inquiry into petrol pricing, saying competition should deliver savings, not really sure that is happening as petrol forecourts vanish and industry conditions worsen.

And with high petrol prices there is trouble in the auto industry as Toyota is forced to recall 1.3 million cars, Fiat cancels its dividend and parts supplier Johnson Matthey reports a 20 per cent drop in profits as the poor EU car market hits demand. In the air and Boeing is still facing problems with the Dreamliner although the Indie notes that Boeing says the company expects no financial impact due to the problems. Where there has been financial impact is on the train as the West Coast fiasco is roundly castigated with civil servants and ministers taken to task in the farce which cost £48 million. So who’ll be for the chop?

Actually it looks like it will be our A&Es as many of the papers report NHS waiting times are rocketing. The figures comes as health secretary Jeremy Hunt is due to decide on the future of Lewisham A&E which faces the threat of closure due to a failed PFI deal, will Hunt place the NHS ahead of the market or is the slow death of one of the Britain’s greatest post-war achievements due to accelerate? After Lewisham the next stop could be Ealing which faces the complete closure of A&Es in the borough, and it is a borough with a rising population and one that features in the FT as it is also home to the country’s largest Polish community. Data from the 2011 census shows that Polish is now Britain’s second language with 546,000 speakers. And the Guardian notes one key role migrant workers play and that is transferring funds back home, how long before chancellor George Osborne uses that as an excuse for the flatlining UK economy…

 Morning Star

 Daily Mirror




 Times (no links all stories behind paywall)

  • Charity at heart of massive tax avoidance scam (p1)
  • Polish talks its way into mainstream (p4)
  • NHS chief sorry for ‘dreadful’ [Mid Staffordshire] failings (p8)
  • Blackberry bids to stay in touch with rivals (p15)
  • Clarke sets out stall for EU (p17)
  • Horse meat on sale for a year (p17)
  • No to nuclear dump (p21)
  • MPs attack Barclays over ‘obscene’ pay culture (p35)
  • MPs turn spotlight on illicit tobacco (p38)
  • Boeing alerted over failure before fleet grounded (p41)




 FT (no links all stories behind paywall)

  • First US decline in three years (p1)
  • Watchdog to probe annuities pricing (p1)
  • Rimless Blackberry hopes to regain its touch (p1)
  • Cumbria snubs nuclear dump (p2)
  • Cameron hints at protecting defence budget (p3)
  • Immigration surge (p4)
  • Healthcare may account for half of spending by 2061 (p4)
  • MPs attack Barclays’ culture (p15)
  • Nestle liable over spying on NGO (p15)
  • Fiat scraps dividend (p16)
  • Iberia pilots asks for talks with Walsh (p16)
  • Faults cloud Boeing results (p19)
  • HSBC recruits crime fighting panel (p20)
  • Cars put brake on Johnson Matthey (p21)

 Edited by Mik Sabiers

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