4pm Martin Parsons on CentreRight: Government gives schools a new ‘toolkit’ to prevent violent extremism: but is it dangerously muddled?

3.45pm ToryDiary: In case you are interested…

2.15pm CentreRight: Jim McConalogue on how the BBC will report nothing of the role of EU legislation in this crisis

11am Andrew Lilico on CentreRight: Daily Mail now calling for Keynesian borrowing-funded tax cuts

10.30am CentreRight: Ben Rogers recommends Chris Patten’s new book

ToryDiary: Parris and Heffer urge Conservatives to keep their distance from Brown during financial crisis

Local Government: How the Conservatives have frozen Council Tax in Hounslow

Parliament: Julian Lewis on underfunding of the armed forces and the need for a defence review

Keith Marsden on Platform: Gordon Brown’s Boom and Bust

David Cameron at the Woodstock Literary Festival

Cameronfestival"He described the return of Peter Mandelson to government as "extraordinary", rejected any comparisons with Barack Obama, and repeated his belief that British society was "broken". But when it came to the banking crisis, David Cameron could not bring himself to say the "n" word – nationalisation." – The Independent

Cameron struggles to find right balance

"Instinctive advocates of free markets and minimal regulation, the Tories have struggled to strike the right balance between defending capitalism and meeting populist demands for retribution against the banks." – Jean Eaglesham in the Financial Times

UK ‘ignored Iceland bank warning’

The government is accused of ignoring warnings in July that Iceland’s banks faced collapse – BBC

PM talks historical heroes and current economy

Gordon Brown used the likes of Picasso and General Sir William Slim of Burma to underline his leadership credentials – The Times

Gordon Brown called for falls in the price of oil to be passed on to consumers "as quickly as possible" – BBC

G7 agrees on global rescue package

"The G7 issued a five-point plan in a short communique after meeting in Washington yesterday. It pledged to "ensure that our banks and other financial intermediaries, as needed, can raise capital from public as well as private sources in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses"." – The Guardian

Panic_selling_3Panic selling wipes £2.7 trillion off global shares – The Times

Government may be forced to buy half of RBS as market values dwindle further – The Guardian

Only the Left should be annoyed by the bank rescue

"To me, it does not look like socialism that the Government is ready to take shares in banks. They are non-voting shares, and the idea is to sell them later. The plan does not attempt to direct the banks’ decisions. This looks like a huge effort to shore up capitalism, not to replace it. It is the Left that should be annoyed: some of them are." – Charles Moore in The Telegraph

Government to consider relaxing annuity rules

"The government yesterday agreed to meet opposition MPs and pensioner lobby groups following concerns that recent stockmarket falls would wipe out much of the income of retired people who fall foul of rules forcing them to buy an annuity when they reach 75… Ministers said they would consider reforms to ease the burden on pensioners caught by the rules after the Conservative leader, David Cameron, said it would be unfair for them to take a huge cut in retirement income because of a sudden drop in the stockmarket." – The Guardian

Brown needs to persuade the country that the state is the people’s best friend in hard times – Polly Toynbee in The Guardian

Only Iraq thrives in world slump

Anti-capitalist states also plagued by problems – The Guardian

Palin Alaska ethics report concludes Palin abused power when firing a state officialThe Independent

Austria’s far-right leader Joerg Haider dies in a road accidentBBC

And finally …

Hague flew off on Barclays £500,000 Italian jolly as markets crashed – Daily Mail

The gangster’s daughter, the Tory billionaire and what could be the biggest divorce of our times – Daily Mail


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13 comments for: Saturday 11th October 2008

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