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LEWIS 360 | What's happening in the UK?
UK News Digest

• LEWIS 360 | What's happening in the UK? 17/09/08
  

  LEWIS 360 | What’s happening in the UK? 17/09/08
  Visit the LEWIS 360 blog at: http://www.lewis360.com
  
  
  BUSINESS
  
  US government steps in to rescue insurance giant AIG
  
  Government stages last-ditch intervention to avert a potentially disastrous collapse of AIG.
  http://www.guardian.co.uk/business/2008/sep/17/marketturmoil.creditcrunch
  
  Barclays buys core Lehman assets
  
  UK bank Barclays buys some of the core assets of collapsed investment bank Lehman Brothers for $1.75 billion.
  http://news.bbc.co.uk/1/hi/business/7620306.stm
  
  Gatwick Airport put up for sale
  
  The UK's second-largest airport, Gatwick, is put up for sale by its owner BAA, following a report by the Competition Commission.
  http://news.bbc.co.uk/1/hi/business/7620293.stm
  
  
  ENERGY
  
  Oil's plunge fuels forecourt hope
  
  Oil tumbled to just over $90 dollars today, leading to fresh hopes of a significant fall in petrol prices.
  http://news.sky.com/skynews/Home/Business/Oil-Falls-To-Almost-90-A-Barrel-To-Fuel-Fresh-Hopes-Of-Lower-Petrol-Prices/Article/200809315100447
  
  
  MEDIA
  
  The Guardian settles Tesco row with apology
  
  The Guardian has published a front page apology to Tesco in order to settle a bitter and costly legal row over the supermarket's tax affairs.
  http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/17/cnguard117.xml
  
  
  ENVIRONMENT
  
  Food waste pilot hailed a success
  
  A pilot in which homes had food waste collected separately and composted is hailed a success by government advisers.
  http://news.bbc.co.uk/1/hi/uk_politics/7620109.stm
  
  
  GOVERNMENT AFFAIRS
  
  Cairns quits in Brown challenge
  
  Cabinet ministers tried last night to use the world financial crisis to shore up Gordon Brown’s troubled leadership after a second minister quit in the continuing attempt to bring him down.
  http://www.timesonline.co.uk/tol/news/politics/article4769819.ece
  
  Clegg to call voters in marginal seats
  
  Nick Clegg will cold-call 250,000 voters in marginal constituencies across Britain tonight in an attempt to promote Liberal Democrat policies such as his pledge to offer the deepest tax cuts of any party.
  http://www.guardian.co.uk/politics/2008/sep/17/libdemconference.nickclegg
  
  Eco-town's green benefit exaggerated, ASA rules
  
  The Government has admitted exaggerating the environmental credentials of a planned eco-town.
  http://www.independent.co.uk/news/media/ecotowns-green-benefit-exaggerated-asa-rules-933033.html
  
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• LEWIS 360 | What's happening in the UK? 16/09/08
  

  LEWIS 360 | What’s happening in the UK? 16/09/08
  Visit the LEWIS 360 blog at: http://www.lewis360.com
  
  
  BUSINESS
  
  XL collapse may cost taxpayer £20m
  
  Government forced to bail out the Civil Aviation Authority's compensation scheme which is £21m in deficit.
  http://www.guardian.co.uk/business/2008/sep/13/theairlineindustry.travelleisure
  
  FTSE 100 slides further as British banks hit
  
  The FTSE 100's slide accelerated this morning, dragged down by British banking shares, on fears that the the demise of one of the world’s biggest banks sparked fears that the credit crisis will claim further major casualties.
  http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/16/bcnasia116.xml
  
  HP set to cut workforce by 24,600
  
  Hewlett-Packard, the world's largest computer company, says it plans to cut 24,600 jobs following its takeover of EDS.
  http://news.bbc.co.uk/1/hi/business/7618068.stm
  
  
  MEDIA
  
  World Association of Newspapers fights Google/Yahoo ad deal
  
  The World Association of Newspapers has written to European and North American competition regulators opposing the online search advertising deal between Google and Yahoo.
  http://www.guardian.co.uk/media/2008/sep/15/pressandpublishing.googlethemedia
  
  
  INTERNET
  
  YouTube bans violent videos
  
  YouTube has moved to ban videos that incite violence following criticism in the UK and US that it needed to toughen its policies.
  http://www.guardian.co.uk/media/2008/sep/12/digitalmedia.youtube
  
  
  GOVERNMENT AFFAIRS
  
  Vincent Cable: Clegg has room for improvement
  
  Nick Clegg comes across better in private than in public and will improve gradually, Vince Cable told a Times fringe meeting at the party conference yesterday, in a candid admission that the Lib Dem leader is struggling to make an impact with voters.
  http://www.timesonline.co.uk/tol/news/politics/article4760105.ece
  
  Central banks pump billions into desperate financial markets
  
  The Bank of England joined other central banks yesterday in making billions of pounds available to ensure the smooth operation of the global financial system in the wake of the collapse of investment bank Lehman Brothers.
  http://www.guardian.co.uk/business/2008/sep/16/bankofenglandgovernor.banking
  
  Labour to rule on leadership bid
  
  Labour Party chiefs are expected to try to block attempts to force Gordon Brown to face a leadership contest.