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What the Papers SayBack

The Financial Times

Greece’s Eurozone future uncertain as Germany steps up pressure

Greek flag

Fraught Brussels talks over €86bn bailout

France struggles to broker compromise

Germany last night heightened the pressure on Greece to implement bolder economic reforms in order to secure its place in the Eurozone, despite repeated attempts by France to broker a compromise.

Osborne’s wage experiment turns conventional economics on its head

Chancellor’s decision to boost salaries ahead of lifting productivity risks increasing unemployment

George Osborne’s decision to increase the minimum wage will make the labour market the guinea pig for an experiment that turns conventional economics on its head.

Employers urged to help disabled into work

Employers are under pressure to help the government meet an ambitious commitment to get hundreds of thousands more disabled people into work

Corporation tax cut risks haven tag, say experts

George Osborne’s surprise corporation tax cut will push foreign investment into Britain up by 2 per cent in the long run but could risk the UK becoming branded a tax haven, according to some experts

UK companies stay tight-lipped on attitudes to Britain’s EU membership

Only 7 per cent of UK companies would be willing to speak out in favour of the country staying in the EU, even though two-thirds believe a so-called Brexit would be damaging for them, research has found.

 

The Times

Workers ‘should save up for their own sick pay’

Workers should pay into new flexible saving accounts to fund their own sick pay or unemployment benefits, Iain Duncan Smith has said.

Labour leadership candidates rebel over pact on benefit cut

Labour’s post-election disarray grew yesterday after Harriet Harman failed to force its leadership candidates to sign up to a controversial benefit cut.

Business

Flush with feelgood factor, shoppers are splashing out

Britons are shopping again, with new research showing that spending in the three months to June was at its highest level in five years.

Consumer spending rose by 1.4 per cent compared with last year, according to Visa Europe’s expenditure index. With even better performances in April and May, the index registered its best quarter since the three months to June in 2010.

Late payment pressure rises at small firms

Small businesses are waiting longer than ever to be paid by their customers, increasing the pressure on the government to legislate on the issue.

Lloyd’s ‘devalued property to force businesses into defaults’

Lloyds has been accused of unduly influencing property valuations to “engineer defaults” of smaller companies in an attempt to clean up its balance sheet.

 

The Daily Telegraph

Woman to gain the most from national living wage

Women will be the biggest winners from the new national living, an official analysis has concluded.

Business

Apprentice levy ‘will not solve skills crisis’

The Chancellor’s plan to levy large businesses to fund apprenticeships may not deliver the highly-skilled workers needed by industry, Britain’s biggest business lobby has warned.

 

The Guardian

Skills shortages hindering growth in critical sectors, CBI poll reveals

More firms struggling to fill key jobs, says survey

Osborne’s apprenticeship levy proposal criticised

George Osborne’s pledge to fix Britain’s woeful productivity record will be called into question by the CBI today when it highlights a skills crisis and redoubles criticism of the government’s apprenticeship plans.

Post-election Treasury committee calls in Carney about interest rates

The governor of the Bank of England, Mark Carney, will this week face questions about the outlook for interest rates and the precarious situation in Greece when he becomes the first witness at the new-look Treasury committee.

 

The Daily Mail

Blue is the colour when it comes to cars

Forget racy red or canary yellow. When it comes to choosing the colour of a new car, our most popular choice is safe and traditional blue.

The £350,000 supercar smash outside Morrisons

Supercars worth a total of £350,000 suffered a high-powered prang.

(A Lamborghini Gallardo and a Bentley crashed outside an Essex supermarket)

How diesel fumes give city dwellers old people’s skin

Diesel fumes from cars in cities can seriously damage your skin, new research has gounds.

The new EU fuel that costs £80 a year more

A ‘green’ fuel which the EU wants all European countries to adopt would add to British motorists’ costs at the pumps.

The cleaner petrol— which contains 10 per cent ethanol, a form of alcohol made from plant material— could add £80 to annual fuel bills.

Posted by Lois Hardy on 13/07/2015