What The Sunday Papers Said
Monday 17 December 2012
MoD supply reform hits problems
Defence Secretary Philip Hammond's plans to reform the £14bn agency supplying the armed forces is under threat as advisers struggle to prove that, in effect, privatising the division – it would be run by a contractor under the plans – is value for money. Whitehall sources cite the failure of G4S to provide enough security at the Olympics and problems over rail privatisation as reason for caution.
Oil-trading giant plots £3bn float
Secretive Swiss oil trader Trafigura is set to float part of its vast empire on the London Stock Exchange with the £3 billion listing of its Puma Energy subsidiary. Puma is 65 per cent owned by Trafigura, which sold a 20 per cent stake last year to Sonangol, Angola's state oil company. The fast-growing business is focused on refining, transporting and selling petrol mainly in the developing world.
Auction of 4G could fall short by billions
Chancellor George Osborne could face a big hole in the public finances after regulator Ofcom set a reserve price of £1.2bn on the sale of 4G mobile spectrum. According to estimates from the Office for Budget Responsibility, the auction of the spectrum should fetch £3.5bn, but the fiscal watchdog has not talked to the Treasury or the regulator about how much the auction is likely to raise.
Banks face fresh split threat as parliament eyes fresh laws
Banks face being broken up if they do not improve. The Parliamentary Commission on Banking Standards will consider the "nuclear option" of splitting retail and investment banks if ring-fencing proves inadequate. It publishes its report on the Bank Reform Bill this week. Commission member and former chancellor Lord Lawson of Blaby is in favour of full separation.
- 1 Replica Back to the Future Hoverboard released
- 2 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 3 Brixton squat flats now costing up to £3k per month show how out of control rent is in London
- 4 Gamers confess the worst things they've done in The Sims
- 5 Dylan Moran on quitting smoking, being about as sexy as the Pope and why comedy panel programmes are 'c*ck shows'
Costa Concordia: Shipment of Mob drugs was hidden aboard cruise liner when it hit rocks off Italian coast, investigators say
Brixton squat flats now costing up to £3k per month show how out of control rent is in London
Iran nuclear talks: Prospect of deal with Iran pushes Saudi Arabia and Israel into an unlikely alliance
A new (old) cure for MRSA? Revolting recipe from the Dark Ages may be key to defeat infection
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Jeremy Clarkson sacked live: Alan Yentob 'wouldn't rule out' ex Top Gear host's BBC return
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
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