Tuesday newspaper round-up: UK pay, immigration, Brexit, fracking, fake news

The average pay packet in Britain in five years’ time will still be more than £20 lower than it was before the start of the financial crisis as the biggest squeeze on wages since the end of the Napoleonic Wars extends well into a second decade, a leading thinktank has warned. The Resolution Foundation said that the downgrade to Britain’s future productivity performance expected in next week’s budget would have a negative impact on wage growth between now and 2022 and also limit the room for manoeuvre of the chancellor, Philip Hammond. - Guardian

Halving the number of European Union immigrants to the UK would cost every Briton only £60 in lost GDP by 2030, according to analysis by PWC. Industries such as construction, food processing and hospitality would be hit hard, as would London, but the aggregate impact for most Britons over more than a decade would be small. - The Times

Theresa May was told to commit to a Brexit divorce settlement within a fortnight or face a collapse in economic confidence in Britain, according to European business leaders at a confrontational Downing Street summit on Monday. “We told them that they’ve lost a year because nothing happened. Now you have two weeks in which you have to be very clear,” said Emma Marcegaglia, president of BusinessEurope, which organised the 14-strong delegation. - Guardian

David Davis is furious at moves by Boris Johnson and Michael Gove to team up on Brexit and will resist their attempts to impose their views on the government, The Times has learnt. The secretary of state for exiting the European Union is understood to be deeply unimpressed by suggestions that cabinet colleagues are holding discussions about “getting on with” Brexit.

The fracking revolution has put the United States on track to become a net oil exporter by the late 2020s, ending the country’s decades-long addiction to energy imports. In its annual World Energy Outlook, which is being released today, the International Energy Agency says that new technology and drilling methods to extract oil and gas are helping to propel America to a level of output 50 per cent higher than any other country has managed. - The Times

Theresa May last night made her most outspoken attack on Russia for using fake news to “sow discord” in Britain and other western nations. The prime minister accused President Putin of trying to “weaponise information” in the age of social media to undermine democracies. “I have a very simple message for Russia,” Mrs May said. “We know what you are doing.” - The Times

The last date for using the old £10 note featuring Charles Darwin will be 1 March 2018, the Bank of England has announced. After that date only the new £10 notes, featuring Jane Austen, will be legal tender. - Guardian

Centrica's British Gas is set to roll out its Hive smart home devices into the European market before the end of winter through a major deal with one of Italy’s largest household suppliers. The smart energy gadgets, already in 660,000 homes in the UK and the US, will be offered to the 8 million customers supplied by the retail arm of Italian gas giant Eni. - Telegraph

Channel 4 has teamed up with three European commercial broadcasters to book pan-European advertising campaigns, allowing it to take on digital ad giants Facebook and Google for the first time. The European Broadcaster Exchange, which comprises of Channel 4, Germany's ProSiebenSat.1, France's FT1 and Mediaset, which operates in Italy and Spain, will launch early next year. - Telegraph

Google faces a new regulatory battle on an unexpected front after the chief prosecutor of an American state launched an investigation into its business practices, saying that he would not allow the state’s consumers and companies to be “exploited by industry giants”. In a surprise announcement last night, Josh Hawley, the Missouri attorney-general, said that his office would investigate claims that Google exploited people’s personal information and failed to compete fairly with rivals. - The Times

Most of the UK’s biggest supermarket chains are falling short on measures to reduce the use of antibiotics in the production of the meat and animal products they sell, campaigners have warned, with potentially harmful impacts on human health. Lidl performed worst of the nine supermarket chains examined by the Alliance to Save Our Antibiotics, a pressure group made up of several NGOs. - Guardian

Theme park operator Euro Disney has forecast that it is on track to make a full recovery by 2021 following the terrorist attacks in France over the past two years. It is the magic touch that the resort on the outskirts of Paris is looking for as a big year comes to a close. In March it celebrated its 25th anniversary and three months later media giant the Walt Disney Company took full ownership of what is Europe’s most popular tourist attraction in a €2 a share offer. - Telegraph

Police must be more willing to share information with the media and not treat journalists like criminals, Britain’s most senior officer has said. Cressida Dick, the Metropolitan Police Commissioner, admitted that some officers are too cautious about communicating with the press and the public. - The Times

Ineos has bought a Swiss football club, in the latest in a series of moves by the privately owned chemical giant beyond its core business. The company said the deal was to continue its investment in “local” sport, despite pledging last year to return its headquarters from Lausanne to the UK. - Telegraph