WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

CLEGG REBUKES ARGENTINA
Nick Clegg has rebuked Argentina for making “baseless insinuations” about Britain’s nuclear submarine deployments, ratcheting up tensions over the Falkland Islands in a clash in front of more than 50 world leaders.

UNITED TECH FACES PROBE OVER GOODRICH
United Technologies is to face an in-depth European Commission investigation into its $16.5bn bid to purchase Goodrich, a maker of aircraft components.

PROBE LAUNCHED INTO PPI CLAIMS
The Ministry of Justice has launched an investigation into claims management companies following a glut of invalid compensation claims filed on behalf of consumers allegedly mis-sold personal protection insurance (PPI).

KREMLIN BUSINESS LINKS IN SPOTLIGHT
The family of Igor Shuvalov, Russia’s first deputy prime minister, bought nearly $18m in Gazprom shares through an offshore company as the government prepared to liberalise share trading, a reform which increased the market value.

THE TIMES

OSBORNE MAY CUT 45P TAX RATE
George Osborne has paved the way for the possible lowering of the 45p tax rate by ordering Treasury officials to change the way in which they measure the impact of taxation levels on the British economy.

MILLIONS PUT LIFE ON HOLD IN DOWNTURN
Millions of people have been forced to put off important life steps like getting married, having children or buying their first house because of the financial downturn, a study has found.

The Daily Telegraph

RETIREMENT INCOMES FALL BY £13,000
The average income that workers can expect from their pensions has fallen by £13,000 a year since the Millennium, actuaries say. A 30-year-old in 2000 could have expected a pension of two thirds of final salary but is now in line for 39pc.

VICTORY FOR PET OWNERS OVER POLICIES
Pet owners who have been left without cover after Halifax and Lloyds cancelled their insurance can expect the banks to pay part of their future vets' fees after a provisional ruling from the FOS.

THE WALL STREET JOURNAL

IRELAND SETS TREATY VOTE DATE
The Irish government said a referendum on the EU's fiscal treaty will be held on May 31, starting a campaign to persuade voters to back the deal or risk exclusion from access to future bailout funds.

GOLDMAN BOWS TO PRESSURE ON BOARD
Goldman Sachs agreed to change its board structure to to persuade a union pension fund to drop an investor proposal that could have cost chief executive Lloyd Blankfein his job as chairman.