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
Osborne sticks to Plan A on cuts
In spite of rising inflation, lower short-term growth and higher medium-term borrowing, Mr Osborne said his plan to cut the deficit was on track View full post on Financial Times – UK Homepage
Pimco cuts US Treasuries holdings to zero
Bill Gross warns ‘yields may have to go higher to attract buying interest’ as the world’s biggest bond fund cuts its holdings of US government-related debt View full post on Financial Times – UK Homepage
Obama proposes cuts of $1,100bn
Barack Obama will propose slashing the country’s budget deficit by $1,100bn over the next decade, an administration official said, as the White House prepares to lay out its most restrained economic and fiscal policy agenda since the US president took office two years ago View full post on Financial Times – UK Homepage
Coalition vows to stand firm on cuts
The Liberal Democrat minister behind Britain’s austerity programme has vowed that the coalition will “stand firm” in implementing its £81bn of cuts next year View full post on Financial Times – UK Homepage
Bank of America cuts off WikiLeaks payments
Bank of America says it will not process payments intended for WikiLeaks, the website that has angered US authorities with the mass release of diplomatic cables View full post on Financial Times – UK Homepage
Obama backs plan to extend tax cuts
President Barack Obama has agreed to extend all the Bush-era tax cuts for two years as part of a compromise under which unemployment benefits will also be extended View full post on Financial Times – UK Homepage
Osborne vows not to backtrack on cuts
George Osborne has insisted he will stick to his £81bn plan to cut public spending even if Britain’s economy starts to stutter, arguing that the Bank of England could ease monetary policy if the recovery needs new impetus View full post on Financial Times – UK Homepage