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What the papers sayBack

The Financial Times

Banking turned on its head by negative rates


Policy makers hope idea will increase lending but risk of a bubble remains

Lacklustre factory results raise concerns of ‘flatlining future’

Another month of lacklustre activity in factories has highlighted the extent of the UK’s reliance on domestic consumption for growth

Midlands fears distraction of devolution

Osborne’s top-down solution and idea of metro mayors comes under fire

Devolving power to the regions has been promoted as they key to driving growth and rebalancing the economy, but some business figures appear to be less convinced.

How Renault embraced Indian frugality with $4,700 Kwid

The French group’s bid to crack India’s tricky car market involved a rethink from the bottom up

Carbon taxes: the dirty war

It was certainly a counterintuitive move. A group of major oil and gas producers, including BP and Shell said yesterday that they could live with a global carbon tax.

(They did it because gas is cleaner than coal, so it will help promote the use of natural gas)

Companies and Markets

Pound falls for seventh day as data disappoint

Investors back off sterling, cuddled up to the dollar and consigned the yen to a fresh 12 year low as a raft of construction and manufacturing indicators drove sentiment at the start of a data-rich week for currency traders.

The Times

Tories split as Cameron refuses to cut benefits

Black hole in £12bn welfare savings plan

British workers among the most miserable in EU

Britons are miserable at work but happy in their love lives, according to an EU study.


Intel sees its future in face recognition and driverless cars

The world’s biggest chipmaker, a Silicon Valley stalwart that likes to think of itself as among those turning science fiction into science fact, has taked a $16.7bn step into the Hollywood-style realm of facial recognition software and driverless cars.

The Daily Telegraph


Future of German economy threatened

Lowest global birth rate undermining Europe’s powerhouse

Fixing roads to keep the economy in the fast lane

Resurfacing company Toppesfield is expanding rapidly

Matthew Pryor is on a mission to fix the nation’s potholes. He runs Toppesfield, the fastest growing road-resurfacing company in the UK, which has doubled in size for two years running.


The Independent

Cameron will use in/out vote to ‘dock’ Britain to Europe, says EC president

David Cameron wants to use the upcoming EU referendum to “dock” Britain permanently to Europe, the EC president Jean-Claude Juncker claimed yesterday, in remarks that will be met with dismay in Downing Street.


The Guardian

UK factories struggle to boost output as strong pound slows exports

Worries about the unbalanced nature of Britain’s economic recovery intensified yesterday after news that UK factories struggled to crank up output in May amid flagging overseas demand

Posted by Lois Hardy on 02/06/2015