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   Web Issue 3273 October 8 2008   
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£50bn bailout for banks unveiled
Alistair Darling was due this morning to outline an unprece­dented £50bn bailout of ­Britain’s banks as the sector took yet another battering yesterday with the Royal Bank of Scotland leading the plunge, falling in value by 39%. continued...
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More talks as thousands affected by rail strikes
Rail union leaders and railway managers are to attempt to settle their differences today as the first of two 24-hour strikes continued to hit thousands of commuters.
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Commuters the victims as bitter rail dispute trundles on
Unions and managers were entrenched in a bitter war of words yesterday as thousands of rail users suffered train disruptions when signal workers staged the first of two 24-hour strikes.
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Coastguard helicopter grounded in dispute over flying hours
The Liberal Democrats Shadow Scottish Secretary yesterday called for the Department for Transport to hold an urgent inquiry after a helicopter at one of Britain’s busiest coastguard stations was grounded when crew members refused to fly because of a dispute.
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Customers urged to make a point with bottle returns
Back in the good old days returning empty soft drinks bottles to shops for a thruppenny bit was the clever way to be green.
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‘It was a big shock. People are worried for their jobs’
Employees at the Royal Bank of Scotland in the Square Mile described feelings of “dread” and “despondency” in the workplace after its share value plummeted yesterday.
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Yesterday: 7.5% interest; today: you can’t get your money
Up to 300,000 savers in the UK have had their deposits frozen in Iceland’s online bank after the country’s government nationalised the institution.
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Injection of new capital could be the way to end market panic
Analysis: How do you end a panic in the stock market? There is a plan. It’s called recapitalisation and on it hangs the best chance of applying the handbrake to a crashing financial system and recession in the wider economy.
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Salmond implies Westminster indecisive on solution
Alex Salmond came perilously close to breaching the bi-partisan approach to the financial crisis last night when he implied that Westminster ministers had been guilty of hesitancy and indecision.
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Record £7m fine over payment protection ‘failings’
Alliance & Leicester was fined a record £7m yesterday for “serious failings” over selling techniques for payment protection insurance (PPI).
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Sniper patrol waited almost four hours to be rescued
A British Army sniper patrol which strayed into a minefield had to wait three-and-a-half hours to be rescued by Americans because UK forces did not have the right equipment, an inquest has heard.
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Driver killed young father hours after drinks binge
A hungover driver who partied all night with alcohol and drugs before knocking down and killing a man walking his dog was jailed for seven years yesterday.
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Royal and HBOS plunge ahead of expected recapitalisation
HBOS shares plummeted 41.5% yesterday to just half the level of Lloyds TSB's rescue takeover bid, and Royal Bank of Scotland was driven down 39%, as the City piled pressure on the government to reveal details of a likely £50bn plan to inject capital into most big UK banks.
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US financial shares hit 11-year low as Dow tumbles again
Shares in US financial companies plunged to an 11-year low and the benchmark Dow Jones Industrial Average skidded another 500-plus points in a late afternoon retreat.
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Troubled Icelandic bank calls receivers
Icesave, the internet bank with thousands of UK clients, has stopped savers withdrawing their cash after Landsbanki, its parent company, was taken over yesterday by the Icelandic government as the financial crisis gripping the Nordic country deepened.
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front page picture
NEW ARRIVAL: British actress Minnie Driver opted for MySpace instead of the pages of a glossy magazine to reveal the first photograph of her baby son.
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Fletcher to lead team in Norway tie
Darren Fletcher will captain Scotland and earn his 40th cap in Saturday’s World Cup qualifier against Norway at Hampden Park.
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Broadfoot taking new-found national respect in his stride
Kirk Broadfoot earned something arguably more valuable than his first full international cap against Iceland last month: respect.
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Iwelumo’s goal in sight after lengthy journey
Chris Iwelumo’s journey from Love Street to Hampden has been long and tortuous, spanning 14 years, 11 clubs and four different countries, but an injury to Kenny Miller could see the Wolves striker fulfil a lifetime ambition by making his Scotland debut against Norway on Saturday.
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Some tough decisions for Burley and Butcher
Kenny Miller's withdrawal from the Scotland squad through injury presents George Burley with a selection puzzle to ponder ahead of this weekend’s World Cup qualifying tie against Norway.
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Norway try to shrug off injury crisis ahead of Hampden clash
Brede Hangeland, the Norway captain, insists the team’s injury crisis will not affect them at Hampden.
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Ramsey can become a Welsh national treasure, claims Flynn
Aaron Ramsey, Arsenal's teenage midfield player, is as good as his team-mate, Cesc Fabregas, according to Wales Under-21 manager Brian Flynn.
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Maybury hoping for return to Tynecastle
Alan Maybury last night admitted he is uncertain about his future but says he would jump at the chance of a Hearts return.
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Crosas remains focused ahead of United matches
Marc Crosas, the Celtic midfielder, was "amazed" by Manchester United as a boy but he is looking at his side's upcoming Champions League meeting simply as a chance to stay in the tournament.
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FA chairman refuses to rule out loss of a top club
English football has amassed debts of £3bn and a top club could fold in the current financial climate, the chairman of the Football Association warned last night.
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Skuodas stays in trim for cup
As one of the world’s very top professional sailors, George Skuodas’s lifetime dream came sharply into focus last August when he was among the first selections for TeamOrigin, a new British initiative to challenge for the next America’s Cup.
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