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Papers focus on BP's capitulation

BBC Published Jun 17, 2010 Reviewed Jul 3, 2026 ✓ Reviewed by citations.press editors
Citation-ready fact
BP established a $20 billion compensation fund and suspended dividends following the Deepwater Horizon oil spill, described by President Obama as a 'pound of flesh'.
20000000000 USD · BP compensation fund
The Guardian, news outlet
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Citation-ready fact
Chancellor George Osborne announced plans to break up the Financial Services Authority and assign the Bank of England responsibility for preventing systemic risk in the finance sector.
Chancellor George Osborne, UK Chancellor of the Exchequer
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Don Pratt, a 65-year-old retired taxi driver, received a £250,000 bequest from regular fare Mary Watson, who died at age 86.
250000 GBP · tip/inheritance
The Daily Mail, news outlet
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The Daily Mail reported that President Obama 'bullied' BP into capitulation.
The Daily Mail, news outlet
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The Financial Times reported that the Bank of England's governor, Mervyn King, will become one of the world's most powerful bankers.
The Financial Times, news outlet
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"Perp walk", the Guardian tells us, is American slang for a police parade of suspects - short for "perpetrator".

The paper says BP's $20bn compensation fund and suspension of dividends is President Obama's "pound of flesh"., external

The Daily Mail says it was a day of BP-bashing by a president who, it claims, "bullied" the firm into capitulation., external

Chancellor George Osborne's Mansion House speech made the front pages - in it he gave details of sweeping changes to regulation of the City.

The chancellor is to break up the Financial Services Authority and charge the Bank of England with preventing risk building up in the finance system.

The Financial Times, external says the Bank's governor, Mervyn King, will become one of the world's most powerful bankers.

The Daily Mail reports that the head of one of Britain's most highly regarded girls' schools has complained of constantly having to defend independent education.

Higher education cuts have prompted business leaders to write to the Daily Telegraph urging caution about cuts in science, innovation and knowledge., external

The bosses of Shell and GlaxoSmithKline are among those to warn Britain cannot be allowed to be left behind.

And finally, a taxi driver has found out how unexpectedly profitable it can be if you are polite to your customers.

Don Pratt retired after regular fare Mary Watson, 86, left him a £250,000 tip in her will,, external the Daily Mail says.

Mr Pratt, 65, said: "We would always have a good chat while I ferried her around. One day she said to me 'when I pass on I'll look after you'.

"I took it with a pinch of salt at the time, I had no idea she was going to leave me a fortune."

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