Monday, 3 August 2009

Monday's papers

The Times leads with the story that NHS hospitals face a cash squeeze from the Tories.

The paper reports that it has learnt that

Hospitals will receive less money for operations and treatments under Conservative plans to squeeze the NHS budget

Health experts warned that this could lead to the closure of smaller units, forcing patients to go to larger, specialist hospitals.

The Telegraph reports that more than 1,500 people have been wrongly branded as criminals or mistakenly given a clean record by the government agency set up to vet those working with children.

The Guardian leads with news that

Barclays and HSBC are tomorrow expected to demonstrate it is "business as usual" again in the City by reporting bumper revenues in their investment banking divisions that could unleash big bonuses for top bankers.

The number of errors by the Criminal Records Bureau (CRB) has more than doubled in the past 12 months, despite intense pressure for it to improve its performance.

Meanwhile the Mail says that

Bankers are set to pocket a record £4billion in bonuses, less than a year after bringing the economy to the brink of meltdown.
Thousands of City executives are looking forward to mammoth payouts as UK banks report surprise profits this week.

The Express reports on LABOUR'S £186BN BENEFITS MADNESS

the welfare system has become so bloated and complicated under Labour that it is almost impossible to control, according to a damning report by the Centre for Policy Studies think-tank.

The Independent warns that

The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.

Dr Fatih Birol, the chief economist at the respected International Energy Agency (IEA) in Paris,says that Higher oil prices brought on by a rapid increase in demand and a stagnation, or even decline, in supply could blow any recovery off course

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