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In the papers - Tuesday, 12 February 2008

Traffic snarl-ups in London have grown since the congestion charge was introduced almost five years ago, the man overseeing the scheme – Peter Hendy – has acknowledged...

... but he insisted that without it, London would be in "serious trouble" - Financial Times

Brownfield reneration specialist St Modwen has proved its business case by offsetting a £24M fall in the capital value of property with a £95 million return on profits made from asset management and its development pipeline - The Daily Telegraph

Alistair Darling is under growing pressure drop plans to raise fuel duty as motorists, hauliers and business leaders unite to protest against soaring petrol prices. Darling met with business and motoring groups yesterday who are trying to persuade him to call off a planned 2p per litre increase in fuel duty - The Daily Telegraph

Sir Richard Branson has called for an "environmental war room" and urged the world's 20 wealthiest nations to join Virgin in contributing more than £12 million each to help tackle climate change - The Daily Telegraph

The Bush administration stuck to its guns yesterday that the US would not face a recession in 2008, claiming the economy has a "solid foundation" – Financial Times

One of South Korea's most important national treasures burned down yesterday despite a five-hour battle by 120 firefighters to save it. Police believe that the fire that destroyed the 600-year-old Namdaemun (Great South Gate) was started by an arsonist – Financial Times

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