Financial Times research suggests that up to 17 NHS hospital trusts are so cash-strapped they will have to impose deep cuts in services if they are to survive View full post on Financial Times – UK Homepage
Bank of England cuts growth forecasts
The Bank of England has cut its growth forecasts and raised its predictions for inflation for this year and next, after the economy has stalled in recent quarters amid intense price pressures View full post on Financial Times – UK Homepage
Ireland cuts growth forecasts by half
The country’s finance ministry said GDP growth would be 0.75% rather than 1.75%, a change largely expected after the International Monetary Fund cut growth forecasts View full post on Financial Times – UK Homepage
Shanghai offers fee cuts to defuse strike
Shanghai is cutting some fees to defuse striking truck drivers’ anger over high fuel prices, after days of confrontation that have disrupted the world’s busiest port. View full post on Financial Times – UK Homepage
S&P cuts US credit outlook to ‘negative’
The rating agency downgrades its outlook on US sovereign debt from ‘stable to negative’, citing worries over budget deficits and debt View full post on Financial Times – UK Homepage
Libya operations put focus on UK defence cuts
Defence analysts query whether the conflict in Libya will force David Cameron to revisit the drastic cuts he made last autumn to military spending View full post on Financial Times – UK Homepage
Cuts of £6bn to hit children and elderly hardest
FT investigation finds 23%, or £1.4bn-worth nationally, of services are being cut as councils reprioritise spending to meet needs of most vulnerable View full post on Financial Times – UK Homepage
Dixons steps up cost cuts after warning
The electricals retailer is accelerating plans reduce expenditure and boost cash flow as it warns that full-year profits will be well below previous forecasts View full post on Financial Times – UK Homepage