What the Sunday papers said
Monday 16 September 2013
The Independent on Sunday: Fed to taper QE as US picks up
The US Federal reserve is poised to mark a turning point for the world’s biggest economy this week as it is expected to announce a slowdown in its $85bn a month quantitative easing programme. The controversial money-printing scheme has been seen as a key component of recent US economic growth but it is now believed that outgoing Fed chief Ben Bernanke will be urging colleagues at the central bank to order the gradual reduction of the programme, as economic growth figures continue to improve.
The Sunday Times: Co-op rebels challenge bank losses
The Co-operative bank has been accused of exaggerating its losses in an attempt to panic creditors into accepting a rescue deal. The claim is being made by bondholders who could suffer massive losses on their Co-op debt if the rescue deal goes through. However, the company are adamant that the financial position they have given to creditors is true and accurate, with chief executive Euan Sutherland warning that “there is no plan B” for saving the mutual giant.
The Mail on Sunday: Diageo investors target £18.2m ex-boss
An investor revolt is brewing this week over the £18.2m pay package for Paul Walsh, the former chief executive of the drinks giant. Shareholder advisory firm Manifest has accused the firm of awarding its executives ‘excessive pay’. On Thursday the board of Diageo will be in the firing line as the company holds its annual meeting, at which investors will get to vote on executive pay – including Mr Walsh’s controversial payout. Manifest said it expected some investors to vote against the remuneration package.
The Sunday Telegraph: Legal fight threatens Royal Mail
TNT is set to challenge the 20 per cent VAT exemption given to the Royal Mail as “universal provider” of British postal services. A Nov-ember date has been set for the High Court hearing which will see TNT argue that the VAT exemption given to the Royal Mail is against European rules. If TNT succed, it could impose substantial new costs on the business, making the planned flotation far less attractive to UK investors.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
New era of cheap oil 'will destroy green revolution'
Nigel Farage's approval rating hits record low as popularity suffers in wake of Ukip sex scandal
Ukip founder Alan Sked and Nigel Farage 'begged Enoch Powell to stand as a candidate'
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