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| Newsdesk live - Monday 30 January | Newsdesk live - Monday 30 January |
| (40 minutes later) | |
| 8.47am: Stephen Hester's all but inevitable decision to waive his bonus last night dominates last night's late editions of the papers and the bulletins this morning. It's being widely interpreted as a win for Ed Miliband, whose plan to hold a Commons vote on the issue forced his hand. Nick Watt's account of the politics behind the move is well worth reading. He describes how Miliband hatched the plan with his shadow business secretary Chuka Umunna and Labour's chief whip Rosie Winterton via email, from Davos, while Hester was still on his skiing holiday. Nick also points out that the timing of the RBS bonus was bad for Cameron, in the week after his speech on "responsible capitalism". | 8.47am: Stephen Hester's all but inevitable decision to waive his bonus last night dominates last night's late editions of the papers and the bulletins this morning. It's being widely interpreted as a win for Ed Miliband, whose plan to hold a Commons vote on the issue forced his hand. Nick Watt's account of the politics behind the move is well worth reading. He describes how Miliband hatched the plan with his shadow business secretary Chuka Umunna and Labour's chief whip Rosie Winterton via email, from Davos, while Hester was still on his skiing holiday. Nick also points out that the timing of the RBS bonus was bad for Cameron, in the week after his speech on "responsible capitalism". |
| It's hard to know where this story will go next today beyond the obvious fleshing out of the damage done to the government over this, whether it's enough to revive Miiliband's fortunes, what it means for the future remuneration of executives from publicly owned banks and what will happen to Bob Diamond's bonus. Our collegues on the City desk will be dealing the some of these questions working with our political team in the Lobby. | It's hard to know where this story will go next today beyond the obvious fleshing out of the damage done to the government over this, whether it's enough to revive Miiliband's fortunes, what it means for the future remuneration of executives from publicly owned banks and what will happen to Bob Diamond's bonus. Our collegues on the City desk will be dealing the some of these questions working with our political team in the Lobby. |
| John Harris writes this morning advocating a grassroots revolt against the big banks in the form of a campaign launching this week called Move your money, arguing that people should take their money out of the big banks and put it into smaller outfits based on a US scheme. Listening to Chuka Umunna (audio) on the radio this morning I wondered whether this might be the kind of thing Labour would support? | John Harris writes this morning advocating a grassroots revolt against the big banks in the form of a campaign launching this week called Move your money, arguing that people should take their money out of the big banks and put it into smaller outfits based on a US scheme. Listening to Chuka Umunna (audio) on the radio this morning I wondered whether this might be the kind of thing Labour would support? |
| We've got reporters Lizzy Davies and Shiv Malik trying to work out what happened at Occupy's Banks of ideas site at Liverpool Street last night where there were evictions. Lizzie has spoken to the Met and they say they cleared around 50 protestors from the site at around midnight last night. Two people were arrested, one released very rapidly and a second is still in custody. Jules Mattsson, a photojournalist, has been tweeting pictures and his account of what happened there including an alleged assault on a bailiff employed by UBS, the owners of the building. He tweeted: | |
| All gone mental, bailiff punched me in the face and tried to run me over with car, then tries to run over 12 people #bankofideas | All gone mental, bailiff punched me in the face and tried to run me over with car, then tries to run over 12 people #bankofideas |
| His account is unverified at the moment. Occupy has just emailed out this, also unverified, account of events: | His account is unverified at the moment. Occupy has just emailed out this, also unverified, account of events: |
| Just after midnight the Bank of Ideas on Sun Street, the multimillion pound abandoned building owned by Swiss investment bank UBS which Occupy London liberated in an act of public repossession and have been running as a free community and arts space for the public, was evicted. Since the High Court Possession Order came into place at 2pm Wednesday 24 January, the Bank of Ideas has been closed to the public and a team of volunteers have been cleaning. The Bailiffs – Rossendales (High Court Enforcement) - aided by police (City of London and Metropolitan) gained entry to the Bank of Ideas by breaking down the front door using an angle grinder. Around 50 protesters resisted peacefully and left the building shortly after. There were reports that further protesters were inside the building but as of 5am there is no update on this. The blinds to the ground floor of the building were closed shortly after eviction, the TSG entered the building around the same time. | Just after midnight the Bank of Ideas on Sun Street, the multimillion pound abandoned building owned by Swiss investment bank UBS which Occupy London liberated in an act of public repossession and have been running as a free community and arts space for the public, was evicted. Since the High Court Possession Order came into place at 2pm Wednesday 24 January, the Bank of Ideas has been closed to the public and a team of volunteers have been cleaning. The Bailiffs – Rossendales (High Court Enforcement) - aided by police (City of London and Metropolitan) gained entry to the Bank of Ideas by breaking down the front door using an angle grinder. Around 50 protesters resisted peacefully and left the building shortly after. There were reports that further protesters were inside the building but as of 5am there is no update on this. The blinds to the ground floor of the building were closed shortly after eviction, the TSG entered the building around the same time. |
| More on that as Lizzy and Shiv get it. Were you there? Do get in touch below the line if you were or email lizzie.davies@guardian.co.uk. | |
| You can see all the stories we're covering today in our newslist at the top of this blog or here. We on the newsdesk are also interested in David Cameron's trip to in Brussels, which has significant domestic ramifications. He's under pressure from all sides. In a letter to the Guardian this morning Charles Kennedy and several other Europhile MPs and Lords call on the prime minister to strengthen the union. He is simultaneously under pressure from his backbenchers - and some frontbenchers - to veto the eurozone's use of the European Court of Justice. The Times reports (£) that the Tory right – including Iain Duncan Smith and Boris Johnson - are gearing up for a revolt on this. Last night, the Tory backbencher Nadine Dorries, tweeted: | |
| Cameron is sleepwalking into the mother of all backbench rows if he thinks he can let FU [fiscal union] nations use the ECJ without recourse to Parliament. | Cameron is sleepwalking into the mother of all backbench rows if he thinks he can let FU [fiscal union] nations use the ECJ without recourse to Parliament. |
| Nick Watt is in Brussels today and he'll be following developments there as will Andrew Sparrow on his liveblog. | Nick Watt is in Brussels today and he'll be following developments there as will Andrew Sparrow on his liveblog. |
| Figures on university applications that will be published this morning and will be the litmus test of the Liberal Democrat's u-turn on fees. We know they will show the steepest fall in application in 30 years but today we'll find out whether this means that university applications are becoming more white and middle class as a result. Has your decision to apply to university changed as a result of the changes to the fees regime? | Figures on university applications that will be published this morning and will be the litmus test of the Liberal Democrat's u-turn on fees. We know they will show the steepest fall in application in 30 years but today we'll find out whether this means that university applications are becoming more white and middle class as a result. Has your decision to apply to university changed as a result of the changes to the fees regime? |
| Do get in touch below the line or on Twitter if you're affected by this, or any of the stories we're covering today or if you have ideas for new angles on them. You can also email me polly.curtis@guardian.co.uk. | Do get in touch below the line or on Twitter if you're affected by this, or any of the stories we're covering today or if you have ideas for new angles on them. You can also email me polly.curtis@guardian.co.uk. |