Daily Political Media Summary: 3 July 2009

Reform Scotland

Daily Political Media Summary: 3 July 2009

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.

 Economy

Clyde Shipbuilding: An agreement to be signed within weeks will help ensure defence work on the Clyde for the next 15 years, Scottish Secretary Jim Murphy has claimed. With fears over the future of two of the Clyde’s last remaining shipbuilding yards, Mr Murphy announced yesterday that their futures may be secured with work on a new generation of frigates. (Scotsman page 4, Herald page 4, Press and Journal page 8, Courier page 11)

 Lloyds Boss: Pressure is mounting on the chief executive of Lloyds, Eric Daniels, to resign over his role in the takeover of Halifax Bank of Scotland. Mr Daniels has faced calls to step down after doubts emerged over whether the takeover of the Edinburgh-based HBOS by Lloyds TSB had been fully justified. (Scotsman page 9)

 Wind and Wave Power: The UK could generate up to £70 billion for the economy and almost 250,000 jobs from offshore wind and wave power, a new report has suggested. The Carbon Trust says offshore wind and wave power can provide at least 15 per cent of the total carbon savings required to meet 2050 targets. (Scotsman page 22)Banking Reform: The Chancellor of the Exchequer indicated that next week\’s banking reform White Paper will include new powers for the Bank of England and Financial Services Authority to prevent a repeat of last autumn\’s crisis. Amid signs of the return of the bonus culture in the City of London, he warned that it would be "disastrous" if bankers got the idea that they could go back to their old ways. (Telegraph page 2, Press and Journal page 10)

Bonus Culture: Bill Jamieson comments in the Scotsman on how the bonus culture is returning in the financial sector and how it is difficult to see any change in the culture at all for top chief executives like RBS chief Stephen Hester. (Scotsman page 26)

 Minimum Pricing: Justice Secretary Kenny MacAskill has hit back at claims that the Scottish Government’s plan for minimum alcohol prices would damage the drinks industry, particularly Scotland’s whisky industry. He said that “to claim minimum pricing would hurt the whisky industry is a complete red herring…minimum pricing is about tackling pocket-money prices, not responsibly priced premium products like whisky”. (Scotsman page 35)

 Graduate Jobs: This year’s graduates are facing the toughest recruitment conditions in almost 20 years, according to the UK’s leading trade association for graduate employers. (FT page 2, Guardian page 11)

 Construction Sector: Britain’s hard pressed building sector faces significant headwinds despite showing some signs of improvement this spring according to official data and a closely watched survey. (FT page 4)

 Health

Swine Flu: Swine flu is spreading so rapidly across Britain that there could be 100,000 new cases a day by the end of next month. The virus can no longer be contained, UK Health Secretary Andy Burnham reportedly said as he issued the alarming projection. (Scotsman page 1, Herald page 1, Times page 5, Guardian page 1, Press and Journal page 1, Courier page 1)

 Politics

Royal Celebration: Scotland’s politicians were last night accused for the second time in days of snubbing the Queen after dozens of MSPs failed to attend a Royal reception. Her Majesty had invited the parliamentarians to a reception for the tenth anniversary of devolution. Up to 40 MSPs were absent from the reception. (Daily Mail page 17)