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.
- 2 Disney announces new female-led film Moana
- 3 Banksy not arrested: Internet duped by fake report claiming artist's identity revealed
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 Video: Boxer Vido Loncar brutally assaults referee following defeat
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
London bus driver 'kicks gay couple off for kissing'
Support for EU membership 'at highest level since 1991 with most Brits wanting to stay in'
iJobs Money & Business
£24000 - £28000 per annum + bonus & benefits: Ashdown Group: IT Business Syste...
£18000 - £23000 per annum + Commission: SThree: The SThree group is a world le...
£18000 - £23000 per annum + Comission: SThree: The SThree group is a world lea...
£20000 - £25000 per annum + OTE £Competitive: SThree: SThree Group and have be...