What The Sunday Papers Said
Monday 07 January 2013
Network Rail has said it is ready to pay nearly £35m in train-travel expenses to its staff in 2011-13, around £1,000 per employee, as passengers suffer massive new year fare increases. Staff who worked for British Rail before privatisation 20 years ago had rail-pass perks safeguarded as part of the terms of the deal. Workers employed since then have limited free travel.
The Mail on Sunday: Bonuses set for squeeze
City bonuses are to fall in the coming remuneration round, according to PricewaterhouseCoopers. Jon Terry, the accountant's global head of financial services, said that the Libor and various mis-selling scandals in the sector would ensure that share awards to staff would be lower for 2012 than the previous year. PWC estimates that European banks will slash bonuses by up to 40 per cent.
The Sunday Times: British Gas boss set to go
Phil Bentley, head of British Gas, is set to step down amid rumours that he has fallen out with the chief executive of owner Centrica. Mr Bentley has worked closely with Sam Laidlaw of Centrica since 2006, but relations between the pair have deteriorated recently, according to insiders. British Gas provides electricity and power to 12 million homes, and employs more than 31,000.
The Sunday Telegraph: Flood victims face payout delay
Simon Lee, the chief executive of RSA, one of Britain's largest insurance companies, has warned that negotiations with the Government over cover for flood damage are facing delay and could put thousands of homeowners' policies at risk. The present flood agreement between the Government and the insurance industry expires in six months, and negotiations are proving slow, Mr Lee said.
- 1 Double chins could be 'cured' without surgery or dieting using new injection
- 2 The BBC has just done more to eradicate ‘terrorism’ than all our wars since 9/11
- 3 Dog thinks owner is drowning in lake, dives in and tries to pull him out
- 5 Thank heavens for Louise Mensch and her foul-mouthed tweets to world leaders
Scientists discover way to unboil an egg – and the results are not as pointless as that sounds
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Greece elections: Greek PM Alexis Tsipras takes aim at 'neo-liberal' Europe as country gears up for prolonged austerity battle
Auschwitz liberation 70th anniversary: Woman sent to three Nazi death camps describes surviving gas chamber
Chilling drone footage captures Auschwitz ahead of 70th anniversary of liberation
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
Islamic history is full of free thinkers - but recent attempts to suppress critical thought are verging on the absurd
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
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