Sunday’s Papers

Recruitment

All workers will have the right to request flexible working under news proposals to be announced by Nick Clegg. Until now, only parents with children under the age of 17 and some carers have had the right. However businesses have reservations, with the British Chamber of Commerce arguing that it would make it harder to support flexible working requests from carers who vitally need it. As a concession, Clegg will remove the statutory obligation for employees to consider such requests, relying instead of “reasonable” decision making.

Following much debate around gender diversity in the boardroom, Lord Browne, the former chief executive of BP has raised the issue of homophobia in larger organisations – asking why there are no openly gay chief execs in the FTSE 100. Lord Browne himself resigned from BP after lying in court to cover up his sexuality and is now openly gay. He made the comments ahead of the Out on the Street summit at which he is due to speak this week along with Brian Heyworth of HSBC.

Property

Upton Cresset Hall in Shropshire is at the centre of a debate on wind power, with plans for two turbines less than a mile from the hall. The wind lobby is facing off with the family of Bill Cash MP who argue it would ruin the grounds forever. The hall has been given Grade I listed status in an apparent victory for the Cashes. This battles is the latest in a string of clashes between wind farm developers and opposition groups.

 Economics/Corporate

he head of the Public Accounts Committee, Lord Myners and Margaret Hodge, the chairman have said the option of a “revenue tax” should be seriously considered in taxing foreign companies. A sales tax would raise extra revenue from global companies such as Amazon, Starbucks and Google. These companies, which pay next to no tax on their UK operations are due to give evidence to the PAC today

Personal Finance

The cost of living is on the rise again. Food and energy price rises are likely to be reflected in this week’s figures, with consumer inflation predicted to have crept back up to 2.4 per cent in October after falling to a 34-month low of 2.2 per cent in September. The expected rise will put a squeeze on the purchasing power of consumers, threatening the fledgling economic recovery.

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