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 ‘finance’
RBS sheds 3,500 jobs in the UK
Friday, September 3rd, 2010Energy suppliers face Ofgem probe
Thursday, September 2nd, 2010
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. …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
The housing market crystal ball
Tuesday, August 31st, 2010
Over the course of the last few days we have been warned of the calamity to come because of the number of first time buyers into the UK housing market is fast drying up. …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
Use factoring to protect your cash flow
Tuesday, August 24th, 2010
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? …read more
The motorist hit in the pocket again
Monday, August 23rd, 2010
Every day brings more bad news for that most vilified of person, the motorist. It seems now that councils have resurrected the scheme to charge workers for their work car parking spaces. …read more
1.1 million home-owners can’t sell
Sunday, August 22nd, 2010
Research by the Santander shows that on top of the 725,000 home-owners that found a buyer since June 2009, another 1.1 million were not so lucky. …read more
Insurance fraudsters beware!
Saturday, August 21st, 2010
There you are, driving along a busy road when the driver in front seems to be a bit slow. You may be in a bit of a hurry but there’s no chance of overtaking. You get to that roundabout and the driver in front seems to be dithering …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
House price index review
Thursday, August 19th, 2010
It seems that the UK Statistics Authority, which collects data and disseminates figures on just about everything you care to think of, wants to review the state of the many UK house price indices. …read more
