Monday, 20 July 2009

Sunday Papers: UK economy set for biggest fall since 1945

* The UK economy is forecast to shrink by 4.5% in 2009, the biggest fall in a single year since 1945, according to Ernst & Young ITEM Club

* Official figures this week for Britain's second-quarter gross domestic product will confirm the worst of the recession is over

* GlaxoSmithKline expects £1 billion boost from swine flu jabs

* National Child Birth Trust accused of scaremongering after advising women to consider postponing trying to become pregnant until the swine flu pandemic has passed

* Former defence secretary, John Hutton, urges government ministers not to 'second guess' the military or behave like 'armchair generals'

* Labour divided over calls for more troops in Helmand

* Tories move to 17-point lead over Labour, their biggest poll lead since before the banking crisis

* Tories pledge to scrap the existing tripartite system and the FSA and hand back supervision to the Bank of England

* Lord Myners, the City minister, is so disenchanted by bankers' greed and self-aggrandisement that he is planning to become a theology student

* Royal Bank of Scotland has lost more than 700 of its top investment bankers to rivals

* Sir David Walker will begin consultations this summer on radical plans to shake up shareholder rights

* University chiefs braced for 20% cuts in funding

* EU inquiry pours doubt on benefit of health foods

* Bill Gates, the founder of Microsoft, is backing inventors and climate scientists who claim to have devised a technique for diminishing the power of hurricanes

* More than 1,000 homes a month are being secretly moved into higher council tax bands -- Sunday Express

* Porsche chief Wendelin Wiederking is set to pick up a pay-off of at least £86 million when he leaves the debt-ridden sports carmaker

* Britain's water companies are heading for a showdown with Ofwat

* Lord Mandelson has warned the owner of Jaguar Land Rover to accept a revised proposal to guarantee hundreds of millions of pounds in short-term funding or risk seeing it taken off the table

* Ron Sandler, chairman of Northern Rock, emerges as a surprise candidate to replace Sir Victor Blank at the elm of Lloyds

* Wall Street and City of London bank chiefs will be targeted this week at the launch of a new transatlantic campaign to reinstate historic usury laws restricting the interest rates charged by loan sharks and credit card companies

* A private jet belonging to David levy, chairman of Tottenham Hotspur, has been seized by agents of Kaupthing Singer & Friendlander

* Tributes pour in for Henry Allingham who died yesterday aged 113.





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