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USA UK and Malta News
04/03/2008 - 22:52

UK today Editoweb, 04 march 2008


London Mayor's race adviser resigns - Reverend Ian Paisley Resigns - Licensing pledge branded 'spin' - Queen honours 'proud' airport hero - Credit crunch may hit Eastern European property.



London Mayor's race adviser resigns
Mayor of London Ken Livingstone has accepted the resignation of senior aide Lee Jasper. The move follows a string of claims about Mr Jasper's alleged misuse of City Hall funds. The Greater London Authority insisted that there was no foundation for the allegations against Mr Livingstone's adviser on race relations. But it added that Mr Jasper had tendered his resignation after new claims. "The mayor has accepted it," a spokesman said.

Reverend Ian Paisley Resigns
Reverend Dr Ian Paisley has resigned as the First Minister of Northern Ireland and leader of the Democratic Unionist Party. He will relinquish both positions in May. The 81-year-old, who will remain as an MP and Assembly member, will quit after an investment conference in Belfast. Dr Paisley said: "I came to this decision a few weeks ago when I was thinking very much about the conference and what was going to come after the conference.

Queen honours 'proud' airport hero
Hero John Smeaton told of the proudest moment of his life as he collected an award from the Queen. Dressed in a tartan kilt and bow tie, Mr Smeaton said Her Majesty congratulated him for his heroics as terrorists attacked Glasgow airport last summer. He said: "We just had a wee chat. She said, 'well done and congratulations'. It's the proudest moment of my life." After receiving the Queen's Gallantry Medal, an emotional Mr Smeaton, flanked by his parents and sister, modestly paid tribute to the other recipients. He said it was "a magnificent experience" coming to "Buck Palace" and played down talk of his heroism.

Licensing pledge branded 'spin'
The Government faced accusations of spin after promising that councils will be able to strip 24-hour drinking licences "wholesale" from trouble hotspots. Culture Secretary Andy Burnham made the pledge as he published an official review of the controversial law and admitted its effect had been negative for some parts of the country. In a statement to the Commons, he set out measures for bolstering enforcement - including designating town centres and neighbourhoods as "problem hotspots".

Credit crunch may hit Eastern European property
Property markets in Hungary, Poland, and the Czech Republic are "next in line" to be hurt by the global credit crunch, but real estate in Russia is relatively insulated, say analysts at Morgan Stanley. In research published on Tuesday, they advised investors to position "for a tough year" by "overweighting" Russian property stocks, such as AFI Development Plc and RGI International Ltd . They underweighted Orco Property Group SA and Global Trade Centre , which were heavily exposed to property developments in Central Eastern Europe (CEE).

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