Scottish news bulletin: 6th March 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.
Interest Rate Cut: The Bank of England have cut interest rates to a record low of 0.5 per cent, the sixth consecutive cut in as many months. (Scotsman page 4, Herald page 1, The Times page 1, The Daily Telegraph page 1, page 2, The Guardian page 1, FT page 1, The Press and Journal page 1, The Courier page 1, The Sun page 6, The Daily Record page 4, The Daily Mail page 1, page 81, Daily Express page 1, Daily Mirror page 6)
Quantitative Easing: The Bank of England announced plans yesterday to inject £75 billion into the economy by effectively printing new money. The plan involves the purchase of stocks and bonds from banks, in return for fresh capital, which it will then pass on to firms and families to stimulate the economy. (Scotsman page 4, page 35, Herald page 1, page 8, The Times page 1, page 7, The Daily Telegraph page 1, page 4, page B1, The Guardian page 1, page 10, page 11, FT page 1, The Press and Journal page 1, page 8, page 9, The Sun page 6, The Daily Record page 4, The Daily Mail page 1, page 81, Daily Express page 1)
Lloyds Banking Group: A deal which would see taxpayers owning a 60 per cent stake in Lloyds banking group is on the verge of completion. (Scotsman page 1, page 5, The Guardian page 25, The Daily Mail page 83)
Gordon Brown: The Prime Minister is set to make his keynote speech at the Scottish Labour conference today. There is expected to be a focus on plans for international curbs on bankers’ pay and bonuses. It is also believed that he will criticise Alex Salmond’s plans for independence in the current economic climate. (Scotsman page 2, Herald page 2)
Economic Collapse: Bill Jamieson comments on the current demands for Gordon Brown to apologise for his part in the collapse of the British economy. (Page 26)
National Trust for Scotland: The National Trust for Scotland has announced 91 job cuts, blaming the recession. They have suggested that it may be necessary to close some properties to the public at certain times of the year, and have said that they had not ruled out selling off some of the least popular attractions. (Scotsman page 22, Herald page 9, The Times page 25, the Daily Telegraph page 7, The Press and Journal page 7, The Courier page 3, The Daily Record page 6)
Aggreko: Glasgow based temporary power provider Aggreko have reported a 52 per cent rise in profits. Earlier this year the firm announced plans for a new £20m plant which would create 113 jobs in Dumbarton. (Herald page 38, Scotsman page 33, FT page 20, The Press and Journal page 19, The Courier page 17, the Daily Record page 75)
Brandon Thomas: Alex Salmond told MSPs yesterday that social workers should not be blamed for the death of Brandon Thomas. The First Minister said that it would be “extremely dangerous” to hold the profession culpable for the killing of 23-month-old, who died as a result of abuse from his mother’s partner. (Scotsman page 2, The Times page 5, The Daily Telegraph page 7, The Press and Journal page 1, The Courier page 9, page 13)
Bus and Tram Merger: The Scotsman reports that councillors in Edinburgh will be asked next week to press ahead with the planned merger of Lothian buses and the capital’s tram firm. (Scotsman page 20)
M74 Extension: Thousands of commuters suffered disruption after the Glasgow Subway was forced to close following damage to a tunnel near the site of the new M74 extension. (Scotsman page 20, Herald page 5, The Daily Record page 15)
Diabetes: A new vaccine preventing children from developing diabetes could be created following the findings of a Glasgow pathologist.
The study, which was conducted at Glasgow Royal Infirmary, revealed a link between a family of viruses and Type 1 diabetes. (Herald page 13, The Daily Telegraph page 8, The Press and Journal page 7)
New Campus Glasgow: Plans for a £300 million super-college in the heart of Glasgow suffered a severe setback yesterday after Stow College withdrew from the project, blaming the attempts of the Scottish Funding Council to accelerate the merger of four city centre colleges. (Herald page 7)
Independence Referendum: The SNP administration is under increasing pressure to drop its proposed referendum bill on independence after it was defeated in the Scottish Parliament yesterday. MSPs voted 72 to 47 to reject a home rule referendum. (Scotsman page 8, Herald page 6, The Times page 5, FT page 4, Press and Journal page 13, The Courier page 10, The Daily Record page 2, The Daily Mail page 2, Daily Express page 2)
Scottish Powers: Tavish Scott, leader of the Scottish Liberal Democrats, has called for Scottish Ministers to be given new tax and law making powers, including the ability to raise the money they spend. (Scotsman page 9, The Daily Mail page 2)
Reform Scotland is an independent, non-party think tank that aims to set out a better way to deliver increased economic prosperity and more effective public services based on the traditional Scottish principles of limited government, diversity and personal responsibility.