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What the Papers SayBack

The Financial Times

Cameron warned of risk that migrant pay rise will drive companies offshore

David Cameron

David Cameron’s plan to raise minimum salaries for skilled migrants from outside Europe risks limiting business growth and could lead to British companies moving some of their operations offshore, the government’s immigration advisers have warned.

Fast-track fracking reform taps well of anger within North Yorkshire villages

Some residents say process will cause pollution and spoil countryside whilst others see opportunities

The Times


Tesla offers electric opportunity to buyers in $500m share sale

You can’t buy charisma, or genius, but you can buy shares in Tesla. News from the electric vehicle maker that Elon Musk, its chief executive, will buy $20 million of stock in a $500million offering to fund research spending drove Tesla shares up more than 2 per cent yesterday. Mr Musk says he plans to pour “staggering” amounts of money into research and development at his Silicon Valley car company.

Car enthusiasts put the vroom into US retail sales

American retail sales rebounded in July as households splashed out on cars and a range of other goods, suggesting the economy was growing steadily and bolstering the case for a Federal Reserve interest rate rise.

The Daily Mail

24mph! The average speed of rush-hour traffic on main roads

Motorists are enduring record amounts of traffic and slower journey times, official figures reveal.

Posted by Lois Hardy on 14/08/2015