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.
Malaysia Airlines plane crash exposes alarming flaw in airline security: over one billion flights made last year without stolen-passport check
Kim Jong-un wins 100% of the vote in North Korean elections
Teacher shows sex tape featuring herself to pupils during class by mistake
Malaysia Airlines Flight MH370: Oil slicks in South China Sea ‘not from missing jet’, officials say
Swarm of killer bees sting woman 1,000 times
Britain's top vet sparks controversy with call for ban on slashing animals' throats in 'ritual' slaughters for halal and kosher meat products
If you're horrified by a flame-roasted dog, you should be shocked at a hog roast
Poor 'live like animals' says Boris's privately educated sister after going on 'poverty safari'
Exclusive: Impact of immigrants on British workers ‘negligible’
Vince Cable: Teachers 'know absolutely nothing' about the world of work
Ukraine crisis: Russia pledges to 'retaliate against sanctions' as Ukrainian president says Crimea vote will not be recognised
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