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News Round-Up. (06.06.2008)
Posted: Thursday 5th Jun 2008
Starting at the BBC, ravaged lenders Bradford & Bingley are being forced to raise their interest rates as insurers Aviva are about to cut almost 2,000 jobs.
The Telegraph, meanwhile, leads with news that sales of gas-guzzling cars have gone down due to road tax rises – rather undermining any extra revenues for the government. And Chancellor Alistair Darling has appointed a panel of ‘city experts’ to keep an eye on the Bank of England, which is a bit like appointing foxes to keep an eye on a chicken coop.
Over at The Guardian, the high street continues to take a battering and the US government’s tax rebate has boosted the American economy, but for how long? ($600 can only go so far, after all.)
Next, The Times reports that Barclays Bank is using US anti-terror laws to close down accounts, while house prices continue to plunge.
And The Independent has a columnist claiming that the current downturn might not be that harmful but it may carry on for a long time. Elsewhere, BP’s chief executive may be in a bit of trouble, re: tax evasion, with the Russians…
Finally, The Daily Mail says that drivers are not getting the benefits of a 10% drop in diesel prices, while the cost of builders shoots up as the economy tanks and the Poles leg it back home.