Dailly Newspaper Review, Week Two: Daily Mail
Monday, 20/09/10
Front Page
Nick Clegg launches a bid to crackdown on tax evasions by the middle class earners. The Deputy Prime minister proposes new intrusive tax investigations, as well as cuts in benefits such as winter pay, child benefit and free bus passes.
Political News
Tories deputy chairman Lord Ashcroft announces his departure after his attack on the Prime Minister David Cameron’s failure to secure a ‘thumping majority’ in the elections. Ashcroft held the position as chairman since 2005, and has donated £15 million to the Tory party over the years.
Business News
The London Stock Exchange launches a bid to replace its chairman Chris Gibson-Smith, who is to step down when his contract expires in 2012. The LSE have enlisted the help of City recruitment firm MWM Consulting in their succession planning.
Tuesday, 21/09/10
Front Page
Mortgage lending has plunged to a ten year low as well as loans to small firms decline successively for the past six months. The banks are now being urged to increase their lending or face swingeing new taxes, as around 500 small businesses collapse every week due to the difficulty in accessing funds to operate.
Political News
Energy Secretary Chris Huhne supports plans to increase green taxes by £22billion. The move will see 10 percent of all Government revenue come from green taxes during the next five years, and could result in soaring petrol prices.
Business News
The controversial Chief Executive of the Lloyd’s Banking Group Eric Daniels announces his retirement, which is to take place in a years’ time. The race for a candidate to succeed Daniels position begins, with Helen Weir the head of retail banking being the leading internal candidate for the £1million a year post.
Wednesday, 22/09/10
Front Page
The widow of the television comedian Les Dawson faces investigations for an alleged five figure benefits fraud. Tracy Dawson was interviewed along with her partner John Chadwick over claims that they failed to inform the Department for Work and Pensions that they were living together; the widower denies any claims of benefit fraud.
Political News
Vince Cable the Liberal Democrat Business Secretary will launch a government inquiry into corporate activities in a bid to curb the excessive behaviour of ‘fat cat’ company directors and extreme capitalism. The inquiry will enable shareholders to rein in executive pays and reduce hostile takeovers.
Business News
Researchers have confirmed as many as 60 small businesses will collapse every day as a result of the crippling effect of the recession and the frail economic recovery. Many businesses are blaming their failure on the reluctance of banks lending money; it is predicted 60,000 businesses will disappear between 2010 and 2012.
Thursday, 23/09/10
Front Page
Anti-social behaviour has increased in the streets of Britain as more and more police officers are taken off the beat. Chief Inspector of Constabulary Sir Denis O’Connor has admitted that the basic task of maintaining public peace has taken a back seat due to police officers concentrating on meeting targets for actual crimes.
Political News
Nick Clegg has launched a bid to defend foreign aid bill through committing Britain to increase their overseas spending by law. The Deputy Prime Minister declares that Britain would spend 0.7 per cent of its total income on foreign aid by 2013.
Business News
HSBC issues a statement in defence of chief executive Mike Geoghegan following reports that the CEO threatened to resign if he was not chosen to succeed Stephan Green as the new chairman. Insiders describe the race for the investment bank’s appointment of a new chairman as ‘high politics of the huge beasts of the corporate world’.
Friday, 24/09/10
Front Page
It has emerged that council tax spies have logged intrusive information on 25million homes under the Labour Government. The Local Government Secretary Eric Pickles has vowed to protect public privacy by scaling back the right for tax inspectors to enter and assess properties.
Political News
Nick Clegg is to voice his guarded condemnation of the Iraq war. The deputy prime minister blames the war for damaging UK reputation on the world stage, and pledges to restore UK’s international standing through a more ‘liberal’ foreign policy.
Business News
HSBC prepares the departure of chief executive Mike Geoghegan and the appointment of Finance Director Douglas Flint as the new Chairman. The sudden double-appointment follows weeks of undignified disputes within the investment bank’s board to replace Chairman Stephen Green.
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