RBS boss Hester to waive £1.6m bonus February 22, 2010 ROYAL Bank of Scotland chief executive Stephen Hester has decided to waive the bumper £1.6m bonus to which he is contractually entitled for this year, amid a fierce torrent of populist anger over remuneration in the banking sector. The news comes after Barclays chief executive John Varley and president Bob Diamond set the bar for [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 22, 2010 THE SUNDAYS THE SUNDAY TELEGRAPH TORIES’ ENERGY PAPER MONTHS LATE The Conservatives’ flagship energy paper may not appear until April – six months after its original planned publication – leading to industry fears of policy disagreements in the run-up to the election. One senior figure who has seen a draft of the paper said that [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 8, 2010 THE SUNDAYS The Sunday Telegraph MANDELSON ATTACKS US AND EUROPE The full scale of world tension between governments over the way to deal with the banking crisis has been revealed today after Peter Mandelson, the business secretary, said that neither America nor the European Union had shown global leadership on the issue. As the G7 [...]
ELECTION2010 February 7, 2010 Expenses MPs must be tried Home secretary Alan Johnson yesterday said that MPs facing trial over their expenses claims should not use “parliamentary privilege” as a “get out of jail free card”. He said it was vital that Labour MPs Elliot Morley, David Chaytor and Jim Devine were treated in a similar fashion to the [...]
Tories in fast broadband plan January 31, 2010 A CONSERVATIVE government could use part of the BBC licence fee to fund the rollout of superfast broadband to the majority of homes by 2017. And the Tories pledged to end BT’s dominance of broadband by forcing it to give rivals access to its ducts, sewers, telephone poles and unused cables. Shadow culture secretary Jeremy [...]
Unions ask for job safety from Kraft January 27, 2010 BRITISH union Unite and its global counterpart, the International Union of Food Workers, have written to US conglomerate Kraft requesting urgent meetings following its £11.5bn recommended offer for Cadbury. Unite wants assurances that none of Cadbury’s 4,500 UK employees will have their working arrangements changed for at least two years. The IUF is concerned about [...]
MANDY UNLEASHES HIS SHARP WIT AT BUSINESS FOR EUROPE DEBATE January 14, 2010 IT’S good to know that it’s not only opposition politicians who are subjected to the sting of Lord Mandelson’s acerbic tongue, but members of his own party as well. Mandy was yesterday morning in attendance at City superspinner Roland Rudd’s Business for New Europe event at the grand Victoria Embankment headquarters of investment bank JP [...]
Weak economic end to 2009 January 11, 2010 BRITAIN’S chances of posting a strong economic recovery in the fourth quarter of 2009 will suffer a sharp setback today thanks to the latest quarterly economic survey published by the British Chambers of Commerce (BCC). Although the business lobby’s fourth quarter survey reported improvements in most key national indicators, it said progress had been weaker [...]
The coup that melted faster than the snow January 7, 2010 TWO former cabinet ministers yesterday called for a secret ballot to decide whether Gordon Brown should lead the Labour party into the general election, although the plot against the Prime Minister soon fizzled out. Former health secretary Patricia Hewitt and ex-defence secretary Geoff Hoon wrote to all Labour MPs urging them to back a secret [...]
THE COUP THAT MELTED FASTER THAN THE SNOW January 6, 2010 TWO former cabinet ministers yesterday called for a secret ballot to decide whether Gordon Brown should lead the Labour party into the general election, although the plot against the Prime Minister soon fizzled out. Former health secretary Patricia Hewitt and ex-defence secretary Geoff Hoon wrote to all Labour MPs urging them to back a secret [...]