News digest 9 April 2013

News digest 9 April 2013

09 April 2013

The only major story in the papers today is the death of former prime minister Margaret Thatcher, aged 87 after suffering a stroke yesterday morning. There’s wall to wall coverage from papers highlighting what they consider to be her main achievements as well as those reminding us of the fundamental change her policies wrought on the country. Headlines vary from the Sun’s seemingly less than respectful  ‘Maggie dead in bed at Ritz’ to the Indie’s ‘woman who changed Britain’, the Mail says ‘the woman who saved Britain’ while the Mirror sums it up as ‘the woman who divided a nation’, the Morning Star is somewhat stronger.

Downing Street announced that Thatcher would receive a ceremonial (not a state) funeral with military honours at St Paul's Cathedral and prime minister David Cameron cut short his trip to Europe to return to London saying: "It was with great sadness that l learned of Lady Thatcher's death. We've lost a great leader, a great prime minister and a great Briton."

Labour leader Ed Miliband said: "She will be remembered as a unique figure. She reshaped the politics of a whole generation. She was Britain's first woman prime minister. She moved the centre ground of British politics and was a huge figure on the world stage.” However Miliband also added: "The Labour party disagreed with much of what she did and she will always remain a controversial figure, but we can disagree and also greatly respect her political achievements and her personal strength."

Away from all the coverage of Thatcher the banking furore continues to remain in the headlines. There are stories from either end of the scale. The Guardian’s Aditya Chakrabortty writes on the Lloyds workers paying for their bosses' catastrophe talking to Karen, one of the many bank workers who have borne the brunt of the maelstrom that has hit the banking sector. Karen is one of the luckier ones having held on to her job but with squeezes on pay, more work due to mass scale redundancies and the impact of the government’s cuts she is struggling to get by. Yet while Karen is struggling the three men once at the top of HBOS continue to get away with holding on to their massive pension pots and even their gongs, this is the reality of Con-Dem Britain. The call for Sir James Crosby to be stripped of his knighthood rises, but it is the culture of the banks that needs to be changed, don’t expect that to happen any time soon.

And finally the banking story also led to one of the more interesting headlines of the day, the FT saying the PM was being urged to act on Crosby, sadly it was not a reference to his attack dog spin doctor Lynton Crosby, but the aforementioned banker, we can live in hope…

 Morning Star

 Daily Mirror




 Times (no links all stories behind paywall)

  • The first lady (p1-25+ 16 page pullout)
  • Mortgage fees soar to record high (p39)
  • Former HBOS chief quits as treasurer of cancer charity (p39)
  • Job prospects start to fade (p42)




 FT (no links all stories behind paywall)

  • Thatcher: The great transformer (p1-3/9/11)
  • PM urged to act against Crosby (p4)
  • Jobs growth slows (p4)
  • General strike call echoes Thatcher era (p10) – Unite cited
  • LEX: Kraft and Mondelez (p14)
  • Tesco to admit defeat in US (p15)
  • Lagardiere looks to make headlines after EADS (p17)
  • Greek bank merger on hold (p18)
  • Currency woes force GM job cuts in Australia (p19)

 Edited by Mik Sabiers

Comment on this story