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. …read more
Posts Tagged ‘economics’
RBS sheds 3,500 jobs in the UK
Friday, September 3rd, 2010IMF says UK debt will keep going up
Thursday, September 2nd, 2010
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%. …read more
Fuld blames the Fed
Wednesday, September 1st, 2010
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. …read more
Kabul Bank taken over by Afghan authorities
Tuesday, August 31st, 2010
Kabul Bank, a financial institution part owned by President Hamid Karzai’s brother, has been taken control of by the Central Bank of Afghanistan. …read more
Can strong growth still be bad news?
Friday, August 27th, 2010
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, …read more
The UK is recovering, but not rebalancing
Friday, August 20th, 2010
The past week has been a good one for the UK economy. Following on from the surprising news that GDP grew by 1.1% in the second quarter, the past week’s data suggest that the recovery is continuing apace. Stripping out petrol, retail sales increased by …read more
Remember Greece
Friday, August 13th, 2010
Do you recall the ‘G’ in the PIIGS countries abbreviation of Portugal, Ireland, Italy, Greece and Spain? Well Greece is finding its way back into the news with bad economic data.
GDP for the second quarter of this year has dropped by 3.5% and there has also been a record rise …read more
The new green taxes slapped on UK companies
Wednesday, August 11th, 2010
Green taxes devised by the last Labour government have now been implemented by the coalition and threatens to squeeze the pips of hard pressed UK companies even harder. …read more
Blame it on public sector cuts
Tuesday, August 10th, 2010
Public sector cuts and redundancies are in danger of causing the second dreaded dip in this ongoing economic saga.
According to a Guardian report the British Retail Consortium say that expectations of public sector redundancies have damaged the property and retail markets. The BRC director general said …read more
The government bounty hunters
Tuesday, August 10th, 2010
In a meeting of Dog the Bounty Hunter and your local councillor, benefit claimants will in future be subjected to more onerous checks to ensure they do qualify for the benefits they are say they are entitled to.
This is so the government can cut the estimated £5.2 billion a year cost of fraud …read more
Increase in state pension age to accelerate
Thursday, August 5th, 2010
Figures from the Office of National Statistics (ONS) indicate that the plans currently in place to extend the pension age for both men and women do not go far enough and fast enough. …read more
One in eight workers in the UK is foreign born
Thursday, August 12th, 2010Britain was boosted by news that we had experienced the largest gain in jobs for 21 years over the last three months.
But over three quarters of those jobs were filled with foreign born workers …read more
Tags: economics, immigration, migrationwatch, News, Politics
Posted in Comment | No Comments »