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What the Papers SayBack

The Financial Times

FTSE hit by worst month in three years as commodities heavyweights suffer

Greek flag

The FTSE 100 in June recorded its worst monthly performance in more than three years, even as gross domestic product figures yesterday showed the UK economy grew 0.4 per cent in the first quarter

Much of the market fall has occurred in the past week, as a Greek exit from the Eurozone edged closer.

Last-minute Greek appeal over bailout rejected

Eurozone ministers block extension

Tsipras in separate bid for fresh deal

Filip for chancellor as growth revised up

GDP stands 4.5% above its pre-crisis peak, but worker output is still to recover

Britain’s economy grew faster at the start of the year than previously thought, but output per person still remained slightly below the peak it reached before the financial crisis of 2008.

Javid raises doubts over strategy for industry

Sajid Javid is now referring to the government’s much vaunted “industrial strategy” as an “industrial approach”, a linguistic shift that has sparked concern that the business secretary plans to cull the programme.

Last of the line

Land Rover’s ‘toolbox on wheels’ to be discontinued amid Tata makeover

If you want a classic Land Rover Defender you have missed your last chance to order a new one. Yesterday was the final deadline before one of Britain’s best known automotive models is taken out of production later this year.

Companies and Markets

Uber executives to stand trial in France

Pair accused over service that allows drivers to offer rides without taxi license

Suzuki’s veteran chief solves succession by giving job to son

Osamu Suzuki, the 85-year-old chief executive of Suzuki Motor who has spent nearly four decades running the Japanese small carmaker, yesterday named his eldest son as his successor.

The Daily Mail

Drivers’ fury as car tax fines soar since end of paper discs

Tens of thousands of motorists are being criminalised as prosecutions soar after the controversial scrapping of the traditional paper tax disc.

Prosecutions have risen by nearly half due to confusion over strict new rules that require a disc to be renewed every time a car is bought or sold.

The Sun

Petrol rise to cripple North

7p tax hike fear

A petrol tax hike in next week’s Budget will clobber the North hardest, Chancellor George Osborne is being warned

The impact on drivers there will be greater because they use their vehicles more, a study into the effects of a 7p a litre rise reveals.

Poor kids face job ‘prejudice’

Top firms are prejudiced against bright kids from poor backgrounds, Education Secretary Nicky Morgan will say today

Posted by Lois Hardy on 01/07/2015