Cable's reforms to top pay and another wake up poll for Boris lead today's 5pm newslinks
- "Business Secretary Vince Cable is setting out the Government's plans on corporate pay after being summoned to the Commons to answer MPs' questions. He said the new package of measures would include greater transparency over who is paid what, more shareholder power and more diverse boards and remuneration committees, which set top salaries." - Sky
- "Mr Cable said the Government planned to focus on greater transparency over pay deals, giving shareholders tougher powers, creating more diverse boards and remuneration committees, and sharing business best practice." - Telegraph
- “The Government has done the right thing in rejecting calls for the mandatory inclusion of employees on remuneration committees. Nonetheless, boards should still consider ways in which they can engage with employees and other stakeholders on remuneration policy. This will be an important means of rebuilding trust in the UK business system, which has been understandably dented by the magnitude of recent increases in executive pay.” - IoD reaction (not online)
- Iain Martin defends Stephen Hester's RBS bonus.
THE BENEFIT CAP HEADLINES
- Cameron: It is time to end excessive welfare benefits - Times (£)
- A total of 67,000 households – 310,000 individuals – will have their benefits reduced by an average of around £83 per week as a result of the government's benefit cap - Guardian
- "Jobless families are being encouraged to have more kids to stay on benefits, Iain Duncan Smith has boldly declared. The Work and Pensions Secretary said the current welfare system was "utterly wrong" because families are incentivised to "find more children so they can stay out of work"." - Sun Politics
- IDS video.
- Tories aren't "braced" for defeat on benefits cap but "praying" for it - Gary Gibbon for Channel 4
- "Even if the Lords defeat the Government, ministers will return to the elected House of Commons and overturn their amendments" - Nick Wood
- The bishops haven't acknowledged that welfare dependency is deeply dehumanising - Ruth Porter for The Telegraph
- "It can’t be right that people who live solely on benefits are able to raise a family in a more expensive home than those who are working hard for a living" - James Forsyth
- Labour’s policy on the ”benefits cap” still feels muddled - Mark Ferguson of LabourList
- Benefit cap to lift claimants out of dependency into fruitless job search - Liberal Conspiracy
CAMERON FOCUSES ON JOB CREATION
- Cameron hopes to offer more than 300 Government buildings premises at low rates for one year so new companies can establish themselves - Telegraph video
- The Prime Minister has launched a major campaign aimed at inspiring people to start or grow their own business - 10 Downing Street
- Cameron welcomes ASDA's recruitment of 5,000 more workers - Daily Mail
SECOND POLL CONFIRMS FARES ISSUE IS HURTING BORIS
- A second poll in a week has Ken Livingstone ahead in the mayoral battle, albeit by a teeny two points - Joe Murphy
- "44% say the fare increases make them less likely to vote for Boris" - Harry Phibbs
- Labour says Ed Miliband's polling doesn't matter but they jump on latest London polling - Guido Fawkes
MUST READ: "LBC presenter Nick Ferrari said: "Boris Johnson needs to get his eye back on the ball and his head out of the clouds. Banging on endlessly about an airport on the river while people are furious about fare increases could leave him up the estuary without a paddle."" - Quoted in the Evening Standard
IS ED MILIBAND REALLY HAVING SUCH A BAD JANUARY?
- The Labour leadership is fleshing out its big idea – “responsible capitalism”. And the policy ideas coming out are really not bad at all - Jim Pickard at FT Westminster
- Dan Hodges says there are signs that Labour's new position on cuts IS winning some public support.
- Tony Blair lacked respect for Wales, says Peter Hain - BBC
- Cameron should threaten Clegg with election if the Lib Dem leader doesn't back PM on ECHR - Norman Tebbit
- European Union foreign ministers have formally adopted an oil embargo against Iran - BBC | Hague video
- The prospect of the first Socialist French President in 16 years deserves more attention than the US election - Rafael Behr