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 Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
- 2 To help fuel their propaganda machine against the poor, our government has now decided to redefine the word 'welfare'
- 3 Naked free runner captured in breathtaking photographs above London's streets
- 4 Woman opens professional cuddling shop – gets 10,000 customers in first week
- 5 Manchester United named Premier League's loudest fans despite late push by Chelsea according to 'Smart Meter' app
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by police in Ohio park
Heroin to be prescribed to Canadian addicts by doctors
Audacious North Korean kidnap plot foiled at Paris airport as 'Asian men' attempted to bundle student onto plane
Tower Bridge glass walkway 'smashed' by night-time visitor dropping bottle of beer
Revealed: the case against Bill Cosby – through the stories of his accusers
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
France 'blocks' Russian sailors from boarding a warship
Green Party Caroline Lucas interview: 'We could be on the edge of something very big'
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