FINANCIAL TIMES
CATALONIA HEIGHTENS SPANISH DEBT FEARS
By Miles Johnson in Madrid and Ralph Atkins and Claire Jones in London
Inflammatory talk: firemen in Barcelona protest against austerity measures. The ruling Partido Popular has dropped hints about curbing the power regions such as Catalonia acquired following Franco’s dictatorship. Catalonia will request an emergency €5bn credit line from Spain’s central government as the region struggles to refinance its debts, underscoring anxieties about the eurozone debt crisis a week before the European Central Bank is expected to unveil details of its revamped bond-buying programme.
DAILY TELEGRAPH
DEPOSIT FLIGHT FROM SPANISH BANKS SMASHES RECORD IN JULY
By Ambrose Evans-Pritchard
Spain has suffered the worst haemorrhaging of bank deposits since the launch of the euro, losing funds equal to 7pc of GDP in a single month. Data from the European Central Bank shows that outflows from Spanish commercial banks reached €74bn (£59bn) in July, twice the previous monthly record. This brings the total deposit loss over the past year to 10.9pc, replicating the pattern seen in Greece as the crisis spread. It is unclear how much of the deposit loss is capital flight, either to German banks or other safe-haven assets such as London property.
GUARDIAN
NICK CLEGG DEMANDS EMERGENCY TAX ON BRITAIN'S WEALTHIEST
By Nicholas Watt, chief political correspondent
Britain's wealthiest people should face an emergency tax to avoid a breakdown in social cohesion as the country fights an "economic war" caused by a longer than expected recession, Nick Clegg has said. In the first interview by a senior member of the cabinet to mark the new political season, the deputy prime minister told the Guardian he is embarking on a battle to persuade his Tory coalition partners of the need to ensure the rich shoulder a greater burden of the economic pain.
THE SUN
G4S HAS A GREAT TRACK RECORD, DESPITE OLYMPICS
By Steve Hawkes, Business Editor
THE disgraced boss of G4S urged critics to look at the Olympic cock-up firm’s track record yesterday — as profits dived. Chief executive Nick Buckles reiterated he was “deeply disappointed” at the security chaos caused by G4S’s botched recruitment for the 2012 Games. Visiting Sun City yesterday he admitted he would be glad when the year was over — but insisted G4S could still be trusted for future government contracts.
DAILY MAIL
WE'D PREFER BANK OF JOHN LEWIS
By Becky Barrow
Millions of Britons would prefer to have a current account with John Lewis or Asda rather than Britain’s disgraced banking giants, according to a report. Published today, it reveals the level of anger felt by hard-working Britons towards banks, which have been hit by a series of scandals, from mis-selling insurance to manipulating key rates.
DAILY EXPRESS
JOHN LEWIS FINDS A PLACE FOR NOOK
John Lewis will become the first shop outside of the US to sell the Nook electronic reader
Department store John Lewis will become the first shop outside of the US to sell the Nook electronic reader from American bookstore chain Barnes & Noble. The device will go on sale in John Lewis from October with details about pricing to be revealed closer to the date. In the US the cheapest model sells for about £63.
THE SCOTSMAN
CALLS FOR REFORM AS COST OF FREE PERSONAL CARE FOR ELDERLY RISES BY 150% IN 7 YEARS
By Eddie Barnes
The Scottish Government is facing calls for a wholesale review of care provision in Scotland after figures showed the cost of the flagship policy of free personal care for the elderly has spiralled 157 per cent in the past seven years. The £342 million cost of free personal care to people in their own home in 2010-11 was up from £317m the previous year. It also represented a massive increase on the £133m figure in 2003-4, the first full year of the controversial policy. Social work chiefs and charities said there was now a growing case for a major rethink on how to cope with long-term care costs.
YORKSHIRE POST
CLEAN COAL ACTION CALL BY MPS TO CASH IN ON EXPORTS
By Jack Blanchard, Political Editor
The Government must end years of delay and start work immediately on the UK’s first “clean coal” power station to cash in on a huge opportunity to export carbon capture technology to China and beyond, a new report by MPs today makes clear. Parliament’s backbench Energy and Climate Change Committee says the UK risks being viewed as “all talk and no action” over green issues due to the ongoing delay in getting even a single CCS (carbon capture and storage) project up and running.
WWW.BBC.CO.UK
APPLE-SAMSUNG CASE: DATE SET FOR HEARING OVER PHONE BAN
Apple's legal motion to have some Samsung mobile phones banned in the US will now be heard in court in December. A jury on Friday ordered Samsung to pay Apple more than $1bn (£664m) after ruling it had infringed several of the iPhone maker's patents.
NEWS.SKY.COM
HEATHROW RUNWAY DELAY 'BAD FOR BUSINESS'
Britain needs a forward-thinking aviation policy if it is to keep up with increasing business demands, an MPs' report says. Capacity constraints at Heathrow Airport are restricting the UK's economic potential, a report by MPs has said. The UK is being left behind on airport capacity provision where demand is greatest, according to the report from the All Party Parliamentary Group on Aviation. The MPs' report follows findings from 60 organisations, as calls grow for the Government to reverse its position and support a third runway at the UK's busiest airport.
….. AND FINALLY …..
DAILY TELEGRAPH
NASA'S CURIOSITY ROVER BROADCASTS NEW WILL.I.AM SONG FROM MARS
The first ever song transmitted back from Mars by Nasa featured a tune by Grammy-winning US musician will.i.am, as part of efforts to inspire young people into science. The Black Eyed Peas rapper's song, titled Reach for the Stars, was beamed more than 300 million miles back to Nasa's Jet Propulsion Laboratory (JPL) in Pasadena, California.
