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What the Papers SayBack

The Financial Times

Increase in unemployment and wages leaves experts scratching their heads


Economists unsure whether figures are a blip, signal slowdown or mark start of productivity

Unemployment has edged up for the first time in two years but workers’ wages are rising at a healthy clip, in a stark reversal of labour market trends.

Deaths from London diesel fumes higher than thought

Up to 9,400 died early after years breathing in pollutants, study finds

Large numbers of diesel vehicles on London’s streets have contributed to the early deaths of thousands more people than previously thought, a report from the mayor’s office has revealed.

Companies and Markets

Peugeot aims for 400, 000 car sales a year in Iran following sanctions relief

PSA Peugeot Citroen is targeting 400, 000 car sales in Iran and has already signed a distribution agreement to sell its luxury DS brand, as the French carmaker eyes an end to years of crippling western sanctions.

Carmakers jostle for pole position as race for Iran begins

Western brands will need to take on Chinese rivals to seize market share

The world’s carmakers have been plotting their assault on Iran for several years. But when they arrive in the newly opened country— marking a long-awaited return for some— they will have to share the spoils with aggressive Chinese competitors.

Uber settles lawsuit over death of child

Case raises concerns about safety of ride-sharing market’s work practices

Uber has settled a lawsuit with the family of a child killed by one of its drivers in San Francisco, in one of the most high-profile cases to raise questions about the safety risks of the ride-sharing market. costs rise for car cover

The UK’s long-suffering automotive market may be turning a corner, according to one of the UK’s most reliable observers of the industry.

Alongside releasing a trading update,, Britain’s biggest price comparison site, said it was noting a marginal increase in car insurance premiums.

Weatherspoon warns of ‘living wage’ pressure

Shares hit 12-month low after chairman highlights threats to earnings


The Times

Shock poll puts Corbyn on course to lead Labour

Jeremy Corbyn, the radical left-wing MP, is on course to win the Labour party leadership race, according to leaked private polling.

High-speed rail link puts economy at risk, academics warn

Work on the £50 billion High Speed 2 rail line should be halted because the project risks putting the economic recovery in jeopardy, according to a powerful lobby of academics.

Supermarket pricing

Supermarkets face a crackdown on misleading offers after a three-month inquiry into promotional tactics by the Competition and Markets Authority. It will recommend an enhanced role for trading standards officials, clearer on shelf-pricing and tougher rules on special offers, according to a leak of the findings of its investigation. The inquiry was launched after a complaint by the consumer group Which?

Free parking pays off

Business is booming at a Welsh town after thieves destroyed the pay and display machines.

Traders in Cardigan say free parking over the past month has led to a huge rise in shoppers.

Teenagers fall out of love with cars

Driving is being split along generational lines with a growing proportion of pensioners retaining their licenses just as young people “fall out of love” with the car, according to research.

A study found that young people were ditching car ownership because of internet shopping, taxi-sharing apps and better public transport.


Government watchdog slams national living wage

Government claims that the national living wage will help poor households have been blasted by a member of its own economic watchdog.

Back to the future for AA

The AA, best-known for its roadside recovery service, is to return to the mortgage, savings and credit card market in a new ten-year partnership with Bank of Ireland.

The Daily Telegraph

Decade of pay rises cancelled out by higher cost of living

People are no better off financially than they were in 2004 in real terms, official figures have disclosed.

For the first time, the Office of National Statistics has published data showing that pay rises have failed to outpace inflation in shops and on household bills.


Personal debt crisis looming, warns Moody’s

UK households are risking a personal debt crisis by switching credit cards instead of paying off balances, a leading credit ratings agency has warned.

Toyota recalls cars over ‘sudden halt’ fault

Toyota has recalled 625,000 hybrid vehicles after finding a defect that can make the car stop unexpectedly. The Japanese carmaker said the problem, which mainly affects the Prius model, was linked to software that controls a power converter. Toyota, the world’s biggest car maker, added that no accidents or injuries had been reported.


The Daily Mail

Mitsubishi sorry over war slaves

Japanese car giant Mitsubishi is to make a historic apology for using Allied prisoners as slave labour in the Second World War.

Posted by Lois Hardy on 16/07/2015