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In the papers today - 10th September 2008

The RMT rail union yesterday raised the alarm after it emerged that Tube Lines, the private underground maintenance and infrastructure company, faced a potential £2bn funding deficit for the next phase of its upgrade contract on the network. . .

Bob Crow, general secretary of the RMT, said the situation was reminiscent of the financing shortfall that led to the collapse last year of Metronet, which was taken over by Transport for London - The Financial Times

As UK gas production slows and concern increases over the cost and security of energy imports, gas storage is attracting corporate interest and investment. Warehousing gas in depleted fields or in salt caverns allows suppliers to build stocks in summer, when demand is low, and release them when demand and prices are higher - The Financial Times

Researchers say claims speed cameras save around 100 lives a year are exaggerated due to flawed statistics used by road safety campaigners. Dr Linda Mountain, from the University of Liverpool's department of Engineering, told the BA Festival of Science the true figure was closer to 50. She said: ""Speed cameras do reduce accidents but not quite as much as has sometimes been claimed" - Daily Telegraph

Britain is producing fewer graduates than other nations, a survey claimed yesterday. In 2000 only three other countries in the developed world produced more school-leavers who went on to gain a university degree. But by 2006, Britain fell to 12th in an international table - Daily Telegraph

Fresh uncertainties have arisen over the financing of the London Underground network after an initial opinion from the Tube regulator highlighted a potential funding gap of at least £1bn - Daily Telegraph

Ministers and the country's leading electricity companies are expected to finalise a £1bn plan to improve energy efficiency and help cut soaring fuel bills. But the three-year package, due to be announced tomorrow is bound to disappear some Labour MPs and leave trade unionists determined to redouble their calls for a windfall tax - The Guardian

Firefighters tackle the blaze which destroyed the Edwardian pier at Fleetwood early yesterday. The pier, the subject of a contentious proposal to build apartments, was constructed in 1910 - The Guardian

The London Underground network faces a new funding gap of up to £1.4bn as the cost of repairing the system spirals out of control. The lack of funds for vital upgrade work has led to calls for further government cash for the tube amid warnings that the creaking network will not be able to cope with rising passenger numbers. - The Guardian

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