The Royal Bank of Scotland (RBS), which is 84% owned by the state, has announced that it will be cutting 3,500 people from its payroll in the UK.
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Energy suppliers face Ofgem probe
The Office of Gas and Electricity Marketing (Ofgem) has started an investigation into four of the ‘big six’*** UK energy suppliers over concerns of the mis-selling of power contracts.
IMF says UK debt will keep going up
The International Monetary Fund (IMF) has warned that the UK’s gross debt when compared to gross GDP could increase to 90.6% by 2015. in 2007 it was only 44.1%.
Fuld blames the Fed
The former boss of Lehman Brothers, Dick “the gorilla” Fuld, has come out all guns blazing and blamed false rumours, uncontrollable market forces and the refusal of the US government to ride to the rescue.
To share or not to share
It can only be described as farcical. Like something out of the SitCom ‘Yes Prime Minister’ it has been mooted that the UK and France are on the verge of declaring that they will share their aircraft carriers.
Kabul Bank taken over by Afghan authorities
Kabul Bank, a financial institution part owned by President Hamid Karzai’s brother, has been taken control of by the Central Bank of Afghanistan.
Taxes to stay high for five years
The Treasury chief LibDem MP Danny Alexander, has made it abundantly clear that the tax burden is here to stay for the foreseeable future. Speaking to the Observer, he said that in order to balance the nation’s books tax must remain at its current level for at least the length of this parliament.
Councils snoop using DVLA database
It’s not Big Brother himself you’ve got to be wary of, it’s all his snotty nosed junior siblings that you need to keep your beady eye on.
Councils have been given access to the records of the Driver and Vehicle Licensing Agency (DVLA) specifically for the purpose
Can strong growth still be bad news?
Today’s GDP data confirmed that the UK economy bounced back surprisingly strongly between April and June – in fact, growth was revised up slightly from the first release to +1.2%Q/Q, equivalent to an annual pace of almost 5%. That should be cause for celebration. But,
For Tom and Misha the Turkish torture continues
And that is exactly what this is. The cold, calculated and sadistic torture of two helpless animals, by people in pursuit of profit.
Tom and Misha are two bottlenose dolphins that were cruelly snatched
Budget targets the wrong people
The Institute for Fiscal Studies (IFS) has completely rejected the coalition government’s claim that the budget was fair and protected the more vulnerable in society.
Calling George Osborne’s budget “clearly regressive” the IFS
Use factoring to protect your cash flow
I have a business and it seems my invoices are going astray as no one seems to really want to pay them! It’s causing quite a bit of cash flow problems so I have looked at factoring as a possible solution. Any thoughts on its suitability?