Monday newspaper round-up: Airport expansion, workplace pensions, ITV

16th Sep 2024 07:21

(Sharecast News) - The younger, tormented minister mulling his position before the Labour government granted Heathrow's third runway in 2009 might have been greatly relieved to know that, 15 years later, not a shovel would have touched the ground. But now, returning to power with a revamped energy and climate brief, Ed Miliband again finds himself in a cabinet which, many in aviation hope, may usher in bigger airports and more flights - as well as enough CO2 emissions to outweigh any new solar farms. - Guardian

Employees as young as 16 should be automatically enroled into workplace pensions and there is a strong case for making their employers pay in even when they do not contribute themselves, according to a leading thinktank. The Institute for Fiscal Studies (IFS) has warned that many current workers are on track for "inadequate retirement incomes", with between 30% and 40% of private sector workers, 5 to 7 million people, likely to fall short of what is needed for a minimum standard of living. - Guardian

A £1.6bn contract to build three Royal Navy warships has been plunged into crisis as the company hired to assemble them teeters on the brink of administration. Harland & Wolff, the Belfast-based shipyard famous for building the Titanic, is understood to be preparing to file for administration as early as Monday amid concerns it will run out of cash by the end of this month. - Telegraph

ITV has launched an online shopping tool as it attempts to recover revenues lost by a decline in traditional advertising sales. The broadcaster has released a discount code service for online shoppers that will automatically add cost-saving promotions when making internet purchases. ITV will earn commissions when shoppers use the tool, called Kerching, which is available as a downloadable web browser extension. - Telegraph

Rachel Reeves has been warned that "significant action" is needed to stabilise the public finances in a report that calls for an overhaul of the fiscal regime, including scrapping stamp duty and reining in the pension triple lock. The Organisation for Economic Co-operation and Development said that the government faced "mounting spending pressures" stemming from higher health, pension and climate change costs. - The Times

A former high court judge leading a review into a £1 billion banking fraud has been warned that her inquiry risks losing the trust of victims after it emerged it is still receiving evidence in its eighth year. Dame Linda Dobbs, who is reviewing whether Lloyds Banking Group covered up a scam at HBOS, which it rescued in 2009, has been told that the protracted nature of the exercise risks benefiting alleged perpetrators and exacerbating the suffering of victims. - The Times