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What the papers sayBack

The Financial Times

Employers fear cost of apprenticeships will increase

money

Business bodies uneasy at prospect of making bigger contribution to hit targets

Employers are concerned that the government will try to reach its target of creating 3m apprenticeships by 2020 by asking employers to pick up a greater share of the training bill.

Caution the watchword for canny shoppers

High street analysts identify a rise in expenditure tempered by ingrained bargain-hunting

Consumers are still more likely to hunt for a bargain than splash out on a luxury item, and have kept the word “caution” at the top of their shopping lists, according to a market report.

 

The Times

Driving lesson No 1: never crash into a tank

(A teenager learning to drive in Berlin crashed into a column of British tanks)

Business

Funding rules ‘will kill Britain’s mutuals’

All but the biggest mutuals in the financial sector will fail to survive as independent entities under incoming rules that put more pressure on their funding, a senior City figure has predicted

Interest rates may need to rise in August

Interest rates should remain on hold at least until after the chancellor has delivered his budget in July, according to The Times’ shadow monetary policy committee.

The Daily Telegraph

Business

Flourishing City to grow as economic powerhouse

But lack of homes and relationship with EU could pose threat, warns report

The UK’s financial centre is set to pull further ahead of the rest of the country in the next decade, with growth of 2.8pc a year and improving productivity, according to a study

Premier Oil takes full control of Solan project

Premier Oil is to take full ownership of its Solan project west of the Shetlands, after agreeing a deal for the 40pc stake held by project partner Chrysaor.

UK can afford to live with high debt, IMF study insists

George Osborne’s obsession with reducing Britain’s debt mountain may do more harm than good, research by the International Monetary Fund has suggested.

 

The Daily Mail

Nine in 10 top firms hit by cyber attacks, spy boss warns

Cyber-criminals have attacked 90 per cent of major British companies- costing the economy tens of billions of pounds, it emerged yesterday.

Posted by Lois Hardy on 03/06/2015