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Daily Political Media Summary: 8 October 2008

All newspaper references refer to Scottish editions.

Economy
Banking crisis:
The Government has announced a £50bn plan to bolster UK banks. Yesterday £13.2bn was wiped of the value of Scotland’s leading financial institutions and the value of RBS and HBOS fell by 39% and 41.5% respectively. (Scotsman page 1, Bill Jamieson in the Scotsman, Paul Riddell in the Scotsman, George Kerevan in the Scotsman, Daily Express page 1, The Times page 1, Alice Miles in The Times, The Times page 6, The Guardian page 1, Simon Jenkins in The Guardian, Jonathan Freedland in the Guardian, Nils Pratley in the Guardian, The Herald page 1, The Herald Business section page 1, Alf Young in The Herald Business Section, The Press and Journal page 1, Telegraph page 1 and page 4, Alistair Osborne in the Telegraph, Gordon Rayner in the Telegraph, Simon Heffer in the Telegraph,Vince Cable in the Telegraph, Mail page 1, Alex Brummer in the Mail, Record page 1, Mirror page 4, FT page 1, Philip Stephens in the FT, John Kay in the FT, Martin Wolf in the FT, Courier page 1)

Interest rates: Scottish Business leaders from the CBI, Chambers of Commerce, SCDI and FSB have all added their support for a dramatic cut in interest rates. Alex Salmond has also called for a rate cut. The Monetary Policy Committee will begin its monthly rate setting meeting today. (Scotsman page 29, FT page 10, Sushil Wadhwani in the FT, Courier page 10, The Press and Journal page 5)

Crime
Police and Fire service pensions: £40m will be injected into the Police and Fire services starting next year. This money will go toward provision of pensions and while local authorities will be contributing half, the other £20m will be funded by the Scottish Government. (The Herald page 6, The Press and Journal page 10, Mail page 17)

Prisons: Scottish Government Minister Fergus Ewing has rejected the Scottish Conservatives proposals for drawing up plans for temporary prisons. (Telegraph page 12, P&J page 14, Courier page 6)

Transport
Rail strike: Further coverage of the 24-hour industrial action started at noon yesterday by rail signallers. (Scotsman page 8, Daily Express page 6, The Times page 21, The Herald page 1, The Sun page 8, The Press and Journal page 1)

BA base: British Airways is to close its cabin crew base at Glasgow Airport. (Scotsman page 12, The Herald page 2, The Press and Journal page 12)

Coastguard Helicopter dispute: A coastguard helicopter crew based in Shetland were grounded for six hours yesterday after a dispute over their maximum allowed hours stipulated under the EU Working Time Directive. (The Herald page 2)

Health
Alcohol:
The Scottish Police Service has written to the Scottish Government warning that the proposal to raise the age limit for off-sales of alcohol to 21 would be ineffective. (Scotsman page 13, Daily Express page 10, The Sun page 2, Record page 10, Courier page 6)

Psychiatric care: Last year at least 120 children were placed in psychiatric care designed for adults, without any of the specialist services required to legally provide appropriate accommodation and care. (The Herald page 1)

Local Government
Recycling: Recycling rates in Scotland have increased by 3.3% in the past year, with 31.7% of the country’s rubbish recycled. This means ministers are on track to meet their target of having all councils recycle 40% of their waste by 2010. (Record page 10)

Equal-pay: John Swinney yesterday said that councils were facing a “time-bomb” over the cost of equal pay claims, though said it was a matter for local authorities to deal with without Scottish Government intervention. (Courier page 6)

Politics
Glenrothes by-election:
Further comment and analysis on the Glenrothes by-election after it was officially confirmed yesterday that the election will be held on 6th November. Gordon Brown is expected to participate in his party’s campaign provided the financial crisis permits. (Ross Lydall in the Scotsman, Daily Express page 2, The Times page 14, The Herald page 6, The Sun page 2, The Press and Journal page 9, Telegraph page 1, Simon Johnston in the Telegraph, Alan Cochrane in the Telegraph, Record page 10, Courier page 7)

Lib Dem re-shuffle: Nick Clegg has carried out a re-shuffle of his front bench team brining back three MPs who quit posts earlier in the year to vote in favour of a referendum on the EU treaty. Alistair Carmichael has returned to the Scotland and Northern Ireland post. (Scotsman page 11, The Herald page 6, The Press and Journal page 9, Courier page 11)