
Politics Summary: Tuesday, July 27th
BP plumbed new depths yesterday, going into the red for the first time in 18 years, to the tune of £11 billion – as it was announced chief exec Tony Hayward would be sent to Siberia.

BP plumbed new depths yesterday, going into the red for the first time in 18 years, to the tune of £11 billion – as it was announced chief exec Tony Hayward would be sent to Siberia.

There remains a contradiction at the heart of Compass’s pluralist mission. Compass, while not formally affiliated to the Labour Party, is registered with the Party, and has a rule that forbids members of other parties from being full members.

The bonfire of the quangos is in full swing, and the Government has started to throw green wood onto the rising flames.

The SNP Government has been accused of giving up on its manifesto pledge to provide at least two hours of physical education to children in school each week.

Labour backbencher John Mann has switched his support from Ed Miliband – whom he nominated – to David Miliband following a ballot of 15,000 party members and known Labour voters in his Bassetlaw constituency.

Good timing and luck are everything in politics. Unfortunately for the regional development agencies, they have not been overendowed with either. They long ago shattered a lorry load of mirrors.

The Telegraph‘s front page reports, “Banks told: lend more or lose bonuses”. The Government will today publish two green papers on the banks and financial services. The Treasury will outline measures to strengthen regulation of the banking sector while Vincetest

Research published by War on Want today reveals that tea workers in northern India earn just £15.45 (1,220 rupees) a month, compared to a living wage of at least 3,500 rupees (£44.34) a month.

In his first major speech since leaving office, Gordon Brown called for Africa to be at the heart of a new global growth strategy, aided by a mass roll out of broadband.

Confusion about what Vince Cable has proposed and how that relates to the National Union of Students’s proposals has been widespread.