Thursday, October 02, 2008


The papers concentrate on the rush of savers drawing deposits out of banks

Panicked savers are moving billions of pounds from high street banks into accounts that guarantee their deposits amid fears that another financial institution could collapse
. says the Telegraph

Savers in stampede to safety says the Guardian reporting that

Alistair Darling intervened twice with the Irish government on behalf of UK banks yesterday amid fears that Dublin's blanket guarantee for savers was causing an exodus of funds across the Irish Sea.
As the Irish government sought to rush legislation through the Dail to protect its banks, Treasury sources said last night that the Irish finance minister, Brian Lenihan, was told "in no uncertain terms that the scheme was a problem for the UK".


Now it's a savings stampede says the Express reporting that

Anxious investors have already withdrawn billions of pounds from British banks as Gordon Brown was accused of dithering amid the biggest financial crisis of modern times.
The biggest winners have been the Irish banks, the Post Office, Spanish-owned Abbey and the nationalised Northern Rock, raising fears of further instability for high street banks here.


The Times leads with France seeks €300bn rescue fund for Europe

France heaped pressure on Gordon Brown last night by floating an ambitious plan for a ¤300 billion (£237 billion) bailout fund to rescue crippled banks across Europe.
As the world held its breath on the fate of America’s $700 billion bank bailout plan, President Sarkozy was seeking the backing of European leaders for his own lifeboat.


Meanwhile the papers look to our economy,the Independent that
Bank set to cut interest rates to prevent slump
,the Guardian says

Recession warning signs were flashing for the UK economy yesterday after new figures showed factory output slumping.
Economists said the downturn was clearly gathering pace and urged the Bank of England to cut interest rates when it meets next week, to prevent a deep and prolonged slump


Can we fix it yes we cam says the Sun as it describes how

GUTSY David Cameron yesterday boasted he is ready for power because he has the bottle to mend Broken Britain.
He made a vote-winning “trust me” appeal in his best public performance to date, but warned the nation hard times are coming


The Independent leads with David Cameron's closing speech to his conference

David Cameron insisted the Conservatives had "changed totally" and were the 21st-century party ready to rebuild Britain's battered economy and "broken society". He bluntly rejected Gordon Brown's jibe last week that "now is no time for a novice", telling the Tory faithful: "It's not more of the same we need, but change."

Cameron says I’m the man with a plan says the Telegraph

In a measured, restrained speech at the Tory Party conference Mr Cameron told delegates that while he is ready to become Prime Minister he could not work “miracles”.
But the Tory leader declared that he and his party have the “leadership, character, and judgement” that the country needs at a time of financial turmoil


The Times reports that

In his speech to a Tory conference dominated by the financial crisis, Mr Cameron presented himself as a conviction politician ready to take the difficult and unpopular decisions to guide Britain to better times after inheriting a huge deficit and an economic mess. He countered directly Gordon Brown’s claim that he was “a novice” by declaring that only change, not more of the same, could repair the country’s ills.


Cameron dons the mantle of Thatcher says the Mail

The Tory leader presented himself as the ‘man with a plan’ to steer the country through difficult times, declaring he had the leadership, character and judgment to deliver change.


It leads though with,Met chief Sir Ian Blair is caught in new 'cash for friend' storm

Sir Ian Blair used public money to pay a close friend a five figure sum to sharpen his image, it has emerged.
The beleaguered Scotland Yard chief employed Andy Miller to advise him on how to 'make the transition' when he took over as Britain's top officer three years ago.
Mr Miller's company briefed Sir Ian, then Deputy Metropolitan Police Commissioner, on his communications strategy, leadership style and the key messages he should hammer home


The Telegraph looks forward to tonight's VP debate,

Biden and Palin trained for TV debate over 'gaffe' fears

The two vice-presidential hopefuls have each been receiving intensive coaching for Thursday's televised debate with both Democrats and Republicans anxious that their respective candidates are "gaffe prone".


The Guardian meanwhile says that

Republicans are urging John McCain to adopt more aggressive tactics against Barack Obama amid fears that the White House is slipping away from them.
With ballots already being cast in battlefield states from Virignia to Ohio, Republicans are panicking that voting is taking place against the backdrop of the catastrophic events on Wall Street and that McCain could be a casualty
.

According to the Times

Britain’s Ambassador to Afghanistan has stoked opposition to the allied operation there by reportedly saying that the campaign against the Taleban insurgents would fail and that the best hope was to install an acceptable dictator in Kabul.
Sir Sherard Cowper-Coles, a Foreign Office heavyweight with a reputation for blunt speaking, delivered his bleak assessment of the seven-year Nato campaign in Afghanistan in a briefing with a French diplomat, according to French leaks. However sources in Whitehall said the account was a parody of the British Ambassador’s remarks.


The Independent reports that

The start of a European Union mission to monitor Russia's promised troop withdrawal from Georgia got off to a nerve-racking beginning yesterday because of last-minute taunts by Moscow, and remaining doubts over its ultimate chances of success.
More than 200 peacekeepers are being deployed under a French-brokered ceasefire to force Russia to pull back its troops from buffer zones inside Georgia by 10 October. But the launch stuttered when Moscow refused to allow the monitors access to what it calls the "security" area, citing technical issues related to the peace agreement.


Meanwhile the Guardian reports that

The dramatic increase in piracy in the Gulf of Aden could trigger a humanitarian and environmental disaster in the Horn of Africa and cut off global sea routes through the Suez canal, a report warned yesterday.
The report, by the Chatham House foreign policy thinktank, calls for a reinforced international naval presence in the region to combat the mostly Somalia-based pirates, with a significantly strengthened European component
.

Amongst all the gloom the Mirror leads with Pride of Britain

BRAVE Liam Fairhurst was still glowing with joy as he clutched his Child of Courage award yesterday and beamed: “I don’t think it has sunk in yet.
Liam, 13, excitedly told of his delight at mingling with stars at the Pride of Britain gala – who in turn were left in awe by
his inspiring story.
The cancer-hit schoolboy, honoured for his tireless fundraising, said: “Walking up the red carpet made me feel like I was a celebrity, with all the camera flashes going off. It was gobsmackingly awesome.



Back to home news and the Mail says that Unhealthy people are to be offered £20 'bribes' to force them to see a doctor

Health Service managers are looking at ways to get those from deprived areas who are more prone to illness into surgeries.
They say that spending small amounts now could save the NHS thousands of pounds later by helping to prevent diabetes, heart disease or weight problems.


The Independent reports that

A teenager who told the police she had been repeatedly raped by her stepfather was told she must bring her bed quilt cover to the police station if she wanted the investigation to continue.
The attitude of Kent Police has horrified the girl's family and rape victim groups, who for nearly a year have been pressing the authorities to take the case more seriously and now believe the quilt could hold vital DNA evidence


Many of the papers report on the High society swindler Shahra Marsh

With an apparently insatiable desire for jewels and a refined eye for fine art and furniture, Shahra Christina Sylvia Marsh de Savigny was a familiar bidder at Europe’s leading auctions. But for six years the glamorous woman who posed as a French/Iranian heiress manipulated a system of trust used by auctioneers and exclusive stores to swindle them out of at least £2 million.
says the Times

Where will the rat run asks the Sun

CHILD-sex beast Gary Glitter is kicked out of his latest home in London’s swanky Mayfair — leaving him looking for yet another bolthole.
Glitter, 64, was evicted from a £2,000-a-week flat by his landlord yesterday after horrified neighbours complained about living next to the pop paedophile.
It ruined his plan to swan around with millionaires and enjoy the mega-rich district’s posh bars and restaurants.


Christmas is not far away and the Telegraph reports that

The countdown begins for publishers to find their Christmas hit, with books by Nigella Lawson, Michael Parkinson and Jonny Wilkinson all in the running.
adding

Super Thursday, as it is known in the industry, is the day when nearly 800 titles are published, three times more than an average day.


The latest supermarket wars are reported

Supermarkets are slashing the cost of shopping essentials as consumers face the biggest squeeze on incomes in 50 years.
Asda has cut the price of a chicken to just £2 in a repeat of a controversial promotion that upset farmers and animal welfare campaigners.
says the Mail

Finally the Guardian reports that

Great train robber Ronnie Biggs is likely to be freed on Valentine's Day next year, according to friends and family. Biggs, 79, who has been in poor health since suffering a stroke, has said he wants to die "a free man".
"He is very happy and very excited about it," said Mike Gray, a friend. "His case is now with the parole board and we are very hopeful that he will be a free man on Valentine's Day, which will be, coincidentally, the day that he will have served a third of his sentence, including time in custody in Brazil and Barbados."

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