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Tuesday newspaper round-up: Digital pound, bus services, Royal Mail

Published 07/02/2023, 07:21
Updated 07/02/2023, 07:42
Tuesday newspaper round-up: Digital pound, bus services, Royal Mail
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Sharecast - Hundreds more of England’s dwindling bus services could be axed next week with a funding shortfall looming, transport authorities have warned. Labour said the government had “just 10 days to act” before operators start having to cut routes because of the expiry of post-pandemic state support. – Guardian

Strike-breaking rail managers were paid £50 an hour on top of their salaries to work on the front line during walkouts over Christmas, leaked documents show. Salaried workers could get as much as £6,500 in extra pay if they swapped the office for shifts on trains on strike days between Dec 19 and Jan 3. – Telegraph

Union leaders have been forced to call off a two-day postal strike following a legal challenge by Royal Mail (LON:IDSI) bosses. The Communication Workers Union (CWU) blamed laws that are “heavily weighted against working people” for scrapping planned walkouts on Feb 16 and Feb 17. – Telegraph

The battle between Santander (BME:SAN) and the financier who was once in line to run the Spanish bank is set to continue after a Spanish court cut the compensation the lender should pay for rescinding its job offer. It emerged yesterday that a court in Madrid had upheld Andrea Orcel’s claim against Santander, but had lowered the payout he should receive by €8 million to €43.4 million. Santander immediately said that it intended to appeal against the ruling in the Spanish Supreme Court. – The Times

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