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Daily Political Media Summary: 25 May 2009

Reform Scotland

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Daily Political Media Summary: 25 May 2009

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All newspaper references refer to Scottish editions. Where there is a link to a newspaper’s website, the relevant page reference is blue and underlined.

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 Economy

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Bonuses: Royal Bank of Scotland has handed four of its senior executives share bonuses worth close to £5m, risking fresh accusations of excessive executive pay at banks that had to be rescued by taxpayers. (Sunday Times page 2, Scotsman page 14, Times page 40, Guardian page 4, FT page 18, Press and Journal page 11)

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 RBS: Bill Jamieson comments in the Scotsman on the appointment of Sir Sandy Crombie to the board of the Royal Bank of Scotland. (Scotsman page 27)

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 Migrants: A fall in the number of immigrant workers threatens to create skills shortages and hold back Britain’s recovery from the recession the Ernst and Young Item Club, a leading group of economic forecasters, has warned. (FT page 3)

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 Lloyds Banking Group: Lloyds Banking Group is believed to be considering the sale of stakes in more than 60 companies. The disposals involve shareholdings previously owned by HBOS. Investment bank UBS is understood to have been drafted in to look at the potential sale of some or all of these assets, which together are worth £1.4billion. (Press and Journal page 15)

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 Crime

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Justice Secretary: The Conservatives yesterday sought to step up the pressure on embattled Justice Secretary Kenny MacAskill. They tabled a list of seven measures they claim he must act on, including stricter criteria for sending prisoners to jail. (Press and Journal page 1, Courier page 7)

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 Politics

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Expenses: At least half of the House of Commons’ 646 MPs could be swept away at the next general election, as voters take revenge on the political classes over the expenses scandal. The departure of 325 members of parliament as a result of forced resignations, retirement and defeat at the polls would represent the biggest clear-out of parliament since 1945. (Sunday Times page 1, page 22)

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 Barnett Formula: The Barnett formula is outdated, ‘lacks any basis in equity or logic’ and needs to be replaced with a new ‘robust and transparent’ system. This is the conclusion of a report published by the Commons Justice Committee, which calls for a fundamental review of the way devolved power is administered from Westminster. (Sunday Herald page 4, Scotsman page 2, Times page 9, Press and Journal page 10, Courier page 7)

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 MEP Pay Rise: The SNP has found a way to ignite the European election campaign by pledging to turn down a bumper pay rise for MEPs that political rivals are planning to accept. The Nationalist candidates at the poll are promising to stick with their current level of pay, which is pegged to the same as that for Westminster MPs, when MEPs’ salaries are hiked this year by around £10,000. (Herald page 6)