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Friday newspaper round-up: Apple, Amazon, energy bills

People from working-class backgrounds employed in professional careers earn £6,000 less compared to those from other backgrounds in the same jobs, findings from the Social Mobility Foundation show, underscoring the UK’s “shameful” class pay gap. Professionals from poorer upbringings face an average salary of £45,437 – 12% lower than the £51,728 for people from more affluent origins – in research based on quarterly Labour Force S...
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Wednesday newspaper round-up: Manchester City, Selfridges, 'British Isa'

Manchester City have announced record-breaking revenue for the 2022-23 financial year. The club confirmed income of £712.8m, outstripping the Premier League record £648.4m reported by Manchester United last month. City’s figure is up from £613m and the club almost doubled its profit to £80.4m, from £41.7m, despite a large increase in wages. The 2022-23 season was highly successful for City, who won a Premier League, Champions League and FA Cup treble, boos...
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Sunday newspaper round-up: Tax fraud scandal, Royal Mail, Metro Bank

More claims against banks and individuals operating in the City linked to the so-called Cum-Ex case are likely. The tax fraud scandal - Europe's largest ever - is estimated to have cost German taxpayers alone almost £10bn. Among the lenders being investigated are Barclays, Bank of America Merrill Lynch, Morgan Stanley, BNP and Nomura, together with law firms and auditors. Last week, the Supreme Court ruled that Danish authorities could pursue an alleged £1.4bn Cum-Ex fraud in Lo...
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Friday newspaper round-up: Thames Water, NatWest, Metro Bank

Thames Water has pumped at least 72bn litres of sewage into the River Thames since 2020 – roughly equal to 29,000 Olympic swimming pools – new figures reveal. Water firms have no legal obligation to report the amount of sewage discharged, only the number of hours that it was released. But campaigners argue this data is insufficient as this does not properly quantify how much sewage is in England’s rivers. – Guardian
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Thursday newspaper round-up: Lloyd's of London insurers, rail strikes, Anglo American

Insurers operating in the Lloyd’s of London market are the world’s biggest underwriters of fossil fuel projects, research has found. Fifty years after the insurance industry first warned about the impact of the climate crisis, it is continuing to contribute to the climate emergency, the Insure Our Future campaign, a global group of 24 NGOs, said in its annual “scorecard” on 30 major insurers and their involvement in fossil fuels. – Guardian
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Wednesday newspaper round-up: Public investment, debanking, housing crisis, recession fears

The economy is on course for another “decade in the doldrums” unless politicians increase public investment by £15 billion annually, starting at the autumn statement in two weeks’ time, a think tank has claimed. Growth is poised to limp along over the coming years and to remain far below its pre-2008 financial crisis trend, extending a 15-year squeeze on household living standards, according to the National Institute of Economic and Social Research. - The Time...
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