What the Sunday Papers Said
Monday 01 July 2013
The team behind the £43bn High Speed 2 rail link wants new powers to borrow money in debt markets and hedge against the cost of rising commodity prices. HS2's commercial director, Beth West, is in talks with ministers over legislation to enshrine the new powers. She said raising debt would allow managers to "bring in financial discipline" instead of relying on the Government.
The Sunday Times: New rules will force us to cut lending, says Barclays
The Bank of England is on collision course with Barclays over the latter's threat to rein in lending. Anthony Jenkins, chief executive, told investors that if the Bank's Prudential Regulation Authority presses ahead with plans for a new 3 per cent leverage ratio it may be forced to "restrict" lending. Barclays should be able to meet the target by 2015 but a quicker timetable would affect the availability of UK credit.
The Mail on Sunday: Firms damaged by rate swaps mis-selling still await payouts
Thousands of small businesses are still waiting to receive up to £2bn in compensation over mis-sold interest rate swaps which left them with soaring bills when borrowing costs were cut to record lows. In January the regulator announced a compensation scheme for 40,000 firms but it is understood that only a small number have even received offers from the banks.
The Sunday Telegraph: Properly run Europe 'is vital to Britain's interests'
The president of the CBI, Sir Mike Rake, has said membership of the European Union is "overwhelmingly in the UK's economic interests". But Britain will only prosper if the EU is made a properly functioning single market. "It would be deeply and unfortunately ironic if the UK were to consider leaving the EU having just helped create a massive Euro-American trade area," he said.
Apple has been hit by complaints about the 1.1GB download
Much-loved cartoon character returns - without Sir David Jason
Liam Neeson's Downton dreams
Matt Smith is set to join cast of the Jane Austen classic - with a twist
Actress to appear in second series of the hugely popular crime drama
- 1 Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
- 2 Scottish independence: Five reasons Salmond is secretly hoping for a 'No' vote
- 3 Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
- 4 Scottish independence: Andy Murray backs Yes campaign in eleventh hour decision
- 5 Have you heard about the film Singapore has banned its people from watching? Well, you have now
Thailand beach murders: Thai PM suggests 'attractive' female tourists cannot expect to be safe wearing bikinis
Scottish independence referendum live: Latest news as Scotland decides Yes or No
Scottish independence: Final opinion polls show undecided voters could swing result either way
Scottish independence: Almost half of No voters have felt 'personally threatened' by the Yes campaign
Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
The political class is doing what Hitler couldn’t – destroying Britain
Scottish independence: Nationalist leader Jim Sillars threatens pro-union companies with 'day of reckoning' after independence
Portuguese academic says British are 'filthy, violent and drunk'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
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