Royal Bank of Scotland is axing another 3,500 jobs, taking to nearly 27,000 the number of staff cut since Stephen Hester took over as chief executive of the troubled UK bank less than two years ago
View full post on Financial Times – UK Homepage
RBS cuts further 3,500 jobs
Osborne plans 25% Treasury staff cuts
George Osborne is planning to cut staff numbers at the Treasury by about one-quarter and scale back his department’s role as he attempts to lead by example in the search for spending cuts across Whitehall
View full post on Financial Times – UK Homepage
What if the Bush tax cuts expired?
Much of the focus has been on the wealthy, but what would the expiration of the tax cuts mean for everyone else? Let’s run the numbers.
View full post on MSN Money Latest Articles
Doubt cast on Osborne’s ‘fair’ cuts pledge
Recent history has shown that fiscal consolidation often leads to rising inequality, suggesting that the chancellor’s aim of carrying out ‘progressive’ reductions in public spending will be hard to achieve
View full post on Financial Times – UK Homepage
Incoming search terms for the article:Doubt cast on Osborne’s ‘fair’ cuts pledge (1)doubt cast on osbornes fair cuts [...]
Merkel to stick with cuts despite growth
The German chancellor is sticking with plans to cut public spending and hold off tax cuts even amid evidence the economy this year could expand at twice the rate last forecast
View full post on Financial Times – UK Homepage
Bank cuts forecast for UK output
The Bank of England has warned that constrained bank lending and questions about recovery in the economies of the UK’s main trading partners poses risks to growth and has raised its forecast for inflation
View full post on Financial Times – UK Homepage
Ocado cuts price range for IPO
The online grocer has been forced to postpone its initial public offering after failing to place enough shares at the bottom of its 200p-275p price range, saying it had dropped the range to 180p-200p
View full post on Financial Times – UK Homepage
Support for European spending cuts strong
European governments have solid public support, at least for now, for the spending cuts they are making in an effort to boost economic recovery, according to the latest Financial Times/Harris opinion poll
View full post on Financial Times – UK Homepage
Big cuts to civil service pay-offs
Legislation to alter redundancy terms to move more into line with the private sector
View full post on Financial Times – UK Homepage