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What the papers say - FINANCIAL TIMES

Newsstand

Battersea Power Station has been sold for 40 times what its last owner paid for it even though it is still derelict and undeveloped. Victor Hwang's Oriental Property company has sold the London landmark for £400M to Irish developers Johnny Ryan and Richard Barret.

NASA plans to build a radio telescope on the moon as part of its planned 2018 lunar mission.

A report for the Treasury into land use planning is expected to say Britain has twice as much land protected from development as other industrial countries despite having one of the highest densities of population. The report will urge reforms to the planning systems to smooth the path for big projects.

The Chancellor's pre-budget report will claim that the government has achieved £13.3bn efficiency savings through civil service job cuts and better procurement.

The claims of big savings following the Gershon Review are likely to spark debate.

Local authorities could be allowed to seize control of bus services under plans being considered by the government to reverse the decline in bus use outside London.

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