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In other news…

Thursday, 11 August, 2011 Leave a comment Go to comments

The ongoing financial crisis – which has been somewhat overshadowed by the riots – has hit France. President Nicolas Sarkozy has given his finance and budget ministers a week to devise measures to cut the country’s budget deficit, demanding ‘immediate action’ on the crisis. At one point, credit ratings dropped by 23% but closed at a 15% loss.

Sarkozy - France need to deal with this swiftly.

Italy has also faced problems with a 14% drop in credit ratings. This has led to fears that Britain could be next to face the Eurozone’s financial downturn – particularly with the recent riots causing millions of pounds in damage. Labour MP Ed Balls says the economic crises are “an equal and perhaps graver threat” to UK than the riots. Chancellor of the Exchequer, George Osborne, says that this is “the most dangerous time for the global economy since 2008” and says we must be “realistic” about difficulties. He also claims that events round the world “completely vindicate” the Coalition’s controversial deficit reduction plans – Eurozone countries must face the “remorseless logic” of the monetary union leading to political integration. However, for now we remain stable and clean up efforts are continuing.

The phone hacking scandal which gripped the nation a few weeks ago has seen a new turn of events in the arrest of former News of the World news editor,  Greg Miskiw. Scotland Yard have said the 61-year-old was kept in police custody having attended the station by appointment at midday yesterday.

Greg Miskiw - arrested for phone hacking

The bodies of a man and a woman in their 20s have been found at a house in Harlington. The pair are as yet unidentified and for now the deaths are ‘unexplained’.

Eight people facing allegations of looting shops in two of the areas worst affected by Monday night’s riots appeared at Uxbridge Magistrates’ Court yesterday.

Other reports say that Amy Winehouse’s house has had personal belongings stolen from it. The late singer’s father, Mitch Winehouse, said that copies of his daughter’s unreleased tracks, lyric books and some personal letters have all vanished.

Categories: News
  1. Rosie
    Thursday, 11 August, 2011 at 9:59 PM

    We can here alot of sirens and earlier helicopter activity in the Plumstead/ Woolwich area…any idea what is going on?

  2. Londoner
    Thursday, 11 August, 2011 at 11:21 PM

    Thank you for keeping us updated on the riots over the past week, this has been the best website for precise, up to the minute information, keeping people informed and putting minds at rest. Other sites tended to be a bit sketchy or a forum for people to give their opinions or just spit hatred. I think you guys should have been getting paid for this!!!
    Thanks again.

  3. Londoner
    Thursday, 11 August, 2011 at 11:50 PM

    Do you know if anything has happened in Enfield, just hears loads of sirens go past. Best place for up to date information.

  4. Jamesie Cotter Esq, Govan Straw Clutchers Collective
    Friday, 12 August, 2011 at 1:22 AM

    On the matter of poor parenting, see this:

    http://nathanieltapley.com/2011/08/10/an-open-letter-to-david-camerons-parents/

    I condemn corporate thieves – a £50M fine for a supermarket cartel who fleeced us all for £220M on a milk price-fixing scam, is an outrage which makes me foam at the mouth, 1922 Committee-style.
    Put all their directors in a stadium and let loose the water cannons of hell. Er….

  5. HooDatIS?
    Friday, 12 August, 2011 at 1:48 PM

    It takes alot to piss me off, and im pissed off !
    these losers stole AMY WINEHOUSE collectibles.Why? I couldnt imagine the pain her mother and father are feeling, this is terrible, I hope the person who did this comes back and returns the items, if not may Amy’s spirit haunt the heck out of them for the rest of their days.
    We love you Amy Winehouse!R.I.P.
    God bless her parents, they need support not suckery
    http://ethicalfutures.wordpress.com

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