Andy McSmith's Diary: Hedge funds, the Tories’ cash cow, eagerly repay favours

A measure in George Osborne’s 2013 Budget which made no headlines outside the financial pages was the abolition of stamp duty reserve tax on UK-domiciled asset management funds. That may not sound like an attention grabber, but it was manna for Britain’s hedge-fund bosses, who by the Government’s estimate saw £145m drop off their companies’ collective annual tax bill.

Roy Keane and Martin O’Neill were on television pundit duty for Manchester United's Champions League match against Real Sociedad

Comment: Roy Keane's reunion with the Republic of Ireland will be bumpy, but unmissable

Get the popcorn out, this is going to be worth watching. The Republic of Ireland have, somehow, thought it wise to employ Roy Keane as the assistant to Martin O'Neill as the head coach of the national team.

Icap Boss Michael Spencer under fire after £55m Libor scandal fine

Icap boss Michael Spencer was today told to “raise his game” after the firm was hit by an embarrassing £55 million fine for its role in the Libor scandal.

Australian PM Tony Abbott has come under fire for only having one woman in his Cabinet

Australian PM Tony Abbott criticised for one-woman Cabinet

If Julia Gillard paved the way for future female leaders in Australia, there is no sign of that legacy in new Prime Minister Tony Abbott’s Cabinet, which contains just one woman: Julie Bishop, the Foreign Minister-elect.

Soto del Real

Postcard from... Soto del Real

The News Matrix: Friday 16 August 2013

Dave Lee Travis faces 11 sex charges

Ukip faces renewed accusations of sexism as Stuart Wheeler claims women are not as competitive as men

And that man Godfrey Bloom protested that women were sometimes given preferential treatment in the workplace

Tony Abbott with his Liberal Party candidate, Fiona Scott

Vote for woman with sex appeal, says Australian opposition leader Tony Abbott

Liberal leader lives up to his reputation for sexism during poll campaign

Former treasurer to Spanish PM’s People's Party, Cristóbal Páez, admits slush fund pay

A former director of Spanish Prime Minister Mariano Rajoy’s People’s Party has admitted to a judge that he was paid out of a slush fund, fuelling opposition demands for a full parliamentary probe into the scandal that has rocked a government reeling from a persistent economic crisis.

A bumper to bumper queue of vehicles trying to enter Spain from Gibraltar

Gibraltar row with UK over Spain border fee prompts crisis talks

British Overseas Territory’s Chief Minister accuses Spanish government of behaving like North Korea

Spanish PM, Mariano Rajoy, declares himself ‘not guilty’ in finance scandal

The first day of August is popularly known in Spain as Operación Salida (Operation Exit). But those expecting the country’s embattled Prime Minister, Mariano Rajoy, to join the millions of Spaniards making their annual mass exodus from the towns and cities and quit – in a political sense – were left sorely disappointed.

Mariano Rajoy has made an unexpected confession that he was wrong to trust his former party financial chief

Mariano Rajoy slush fund allegations: Spain PM denounces former ally Luis Barcenas

Spain's prime minister has made an unexpected confession that he was wrong to trust his former party financial chief for so many years but denies the ex-treasurer's allegations that the party ran a slush fund.

David Cameron humiliated me, says Peter Cruddas - the man who bankrolled the Tory party

Ex-treasurer attacks PM after victory in 'cash-for-access' case

Margaret Thatcher Day idea won little support

Not a vote winner: Only one in eight would support 'Margaret Thatcher' bank holiday

Proposal was among raft of parliamentary Bills tabled by Tory backbenchers' group in 'Alternative Queen's Speech'

Mariano Rajoy, Spainish Prime Minister

Corrupt? I’m being blackmailed, says Spain’s embattled PM Mariano Rajoy in wake of slush fund allegations

Spanish Prime Minister Mariano Rajoy rejected calls to quit on Monday after his party’s former treasurer said in court he was the author of documents leaked to the press last week, which alleged the premier was paid out of a slush fund.

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Actors front row from left, Jared Leto, Jennifer Lawrence, Meryl Streep, Ellen DeGeneres, Bradley Cooper, Peter Nyongío Jr., and, second row, from left, Channing Tatum, Julia Roberts, Kevin Spacey, Brad Pitt, Lupita Nyongío and Angelina Jolie as they pose for a
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
All this talk of an ‘apocalyptic’ threat is simply childish

Robert Fisk: All this talk of an ‘apocalyptic’ threat is simply childish

Chuck Hagel and Martin Dempsey were pure Hollywood. They only needed Tom Cruise
Mafia Dons: is the Camorra in control of the Granite City?

Mafia Dons: is the Camorra in control of the Granite City?

So claims an EU report which points to the Italian Mob’s alleged grip on everything from public works to property
Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Emmys look set to overhaul the Oscars as Hollywood’s prize draw

Once the poor relation, the awards show now has the top stars and boasts the best drama
What happens to African migrants once they land in Italy during the summer?

What happens to migrants once they land in Italy?

Memphis Barker follows their trail through southern Europe
French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

French connection: After 1,300 years, there’s a bridge to Mont Saint-Michel

The ugly causeway is being dismantled, an elegant connection erected in its place. So everyone’s happy, right?
Frank Mugisha: Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked

Frank Mugisha: 'Coming out was a gradual process '

Uganda's most outspoken gay rights activist on changing people's attitudes, coming out, and the threat of being attacked
Radio 1 to hire 'YouTube-famous' vloggers to broadcast online

Radio 1’s new top ten

The ‘vloggers’ signed up to find twentysomething audience
David Abraham: Big ideas for the small screen

David Abraham: Big ideas for the small screen

A blistering attack on US influence on British television has lifted the savvy head of Channel 4 out of the shadows
Florence Knight's perfect picnic: Make the most of summer's last Bank Holiday weekend

Florence Knight's perfect picnic

Polpetto's head chef shares her favourite recipes from Iced Earl Grey tea to baked peaches, mascarpone & brown sugar meringues...
Horst P Horst: The fashion photography genius who inspired Madonna comes to the V&A

Horst P Horst comes to the V&A

The London's museum has delved into its archives to stage a far-reaching retrospective celebrating the photographer's six decades of creativity
Mark Hix recipes: Try our chef's summery soups for a real seasonal refresher

Mark Hix's summery soups

Soup isn’t just about comforting broths and steaming hot bowls...
Tim Sherwood column: 'It started as a three-horse race but turned into the Grand National'

Tim Sherwood column

I would have taken the Crystal Palace job if I’d been offered it soon after my interview... but the whole process dragged on so I had to pull out
Eden Hazard: Young, gifted... not yet perfect

Eden Hazard: Young, gifted... not yet perfect

Eden Hazard admits he is still below the level of Ronaldo and Messi but, after a breakthrough season, is ready to thrill Chelsea’s fans
Tim Howard: I’m an old dog. I don’t get too excited

Tim Howard: I’m an old dog. I don’t get too excited

The Everton and US goalkeeper was such a star at the World Cup that the President phoned to congratulate him... not that he knows what the fuss is all about
Match of the Day at 50: Show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition

Tom Peck on Match of the Day at 50

The show reminds us that even the most revered BBC institution may have a finite lifespan – thanks to the opposition