What the Sunday papers said
Monday 04 March 2013
The Bank of England faces a "nail-biting" decision over pumping billions more into the UK recovery this week as figures reveal the still-sluggish impact of its flagship initiative to boost lending. The central bank today unveils the latest results of its Funding for Lending scheme, which allows banks to access cash at a cost of 0.25 per cent. In exchange, the banks have to increase net lending.
The Sunday Times: City grandees in the frame to take over the chair at BAE
BAE has sounded out Sir John Rose and Sir Roger Carr as possible replacements to Dick Olver as its chairman. Mr Olver has faced intense shareholder pressure to go. The pair – senior City grandees – are regarded as obvious candidates for one of the top jobs in business. BAE is being hit by defence spending cuts and may need a big-hitter to reassure the City about its prospects.
The Mail on Sunday: John Lewis employees in line to share a £200m bonus pot
Staff at John Lewis will share a bonus pot of about £200m this week as profits jump at the employee-owned retailer. Analysts say profits are due to be up 17 per cent at £41m, which may allow for a bonus worth 16 per cent of salary to all staff. The group, which also owns Waitrose, has seen its size almost double in the last nine years to £8.5bn. It is said to have profited from the strife at rivals such as Tesco.
The Sunday Telegraph: Bank pay cap 'to put hundreds of thousands of jobs at risk'
Michael Fallon, the enterprise minister, claims "hundreds of thousands" of jobs are at risk from EU plans to impose a cap on banker bonuses. The Treasury is to ask for flexibility over the proposals. Mr Fallon said: "The threat is not to the well-paid banker. The threat is to the hundreds of thousands of ordinary banking jobs in Britain if big international banks are forced to relocate."
Beijing shuts down thousands of websites in online pornography purge
LAPD releases haunting crime scene photos from its archives
Peaches Geldof funeral: Bob Geldof leads tributes at emotional service in same Kent church she married her husband Thomas Cohen and her mother Paula Yates was buried
Duke and Duchess of Cambridge photographed with Prince George off-duty may spark privacy row
Malaysia Airlines flight MH370: Concerns grow among search officials that missing jet ‘may have landed somewhere else’
Ukip election posters: Nigel Farage defends 'racist' campaign anti-immigration campaign ahead of Europe elections
Is Britain really a land of God? Furious debate after David Cameron claims we are a Christian country
An open letter to Nigel Farage: you may smile, but I am not seduced
'Sinful': Video of British Muslims dancing to Pharrell Williams's hit Happy comes under attack
David Cameron's constituency office calls police on food bank campaigners Bishop of Oxford and Reverend Keith Hebden
Ukip leader Nigel Farage defends employing German wife, at launch of anti-immigration poster campaign
- 1 David Cameron's constituency office calls police on food bank campaigners Bishop of Oxford and Reverend Keith Hebden
- 2 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 3 Women take on Bear Grylls over 'sexist' male-only desert island show
- 4 Ultra-Orthodox Jews are resisting new laws which force them to join the army
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