LONDON: The TUC in a statement released on Friday before the start of the 142nd Annual Congress (13 Sep 10) has serious concerns on the impending spending cuts proposed by the Coalition Government. The statement goes onto say that: “The new Government’s reckless policy of rapid deficit reduction through unprecedented cuts to public services, procurement [...]
LONDON: Barclays Bank has drawn criticism from several quarters of the political and business arena with the new appointment of Mr Bob Diamond to CEO of Barclays Capital. Business secretary Vince Cable said last week Barclays’ elevation of its investment banking supremo highlighted worries about the “combination of the casinos and traditional banking. “These aren’t [...]
ATHENS: The Greeks will be hoping for some slack in the recent tight spending measures introduced to cut public spending and claw back the huge deficit created by the previous Conservative government. The Prime Minister George Papandreou will be speaking tomorrow at a trade fair in the city of Thessaloniki on the economy and could [...]
LONDON: Early signs of a reverse on last weeks stock market gains were showing in the World’s leading stock markets today including the FTSE 100 index and the US S&P 500. The FTSE 100 was down 35 points and the S&P 500 down by 8.75 pts which may be due to the exposure of Europe’s [...]
LONDON: Mistakes by the HM Revenue and Customs has meant that over 6 million people may have paid the wrong amount of tax and could be receiving an extra tax bill demand in the next couple of months. Over 1 million people could be facing charges of over £1,500 which will come as a shock [...]
LONDON: Personal finance lessons, money management, investing in the future is probably one subject that should have been placed at the top of the schools curriculum years ago and this may have prevented the mass consumer debt that is prevalent in today. Knowledge of finance, an essential skill to have is being introduced into math [...]
LONDON: A recent report from Mr Andrew Lilico, has suggested that interest rates could rise in the next 2 years to as much as 8 percent due to the expected increase in inflation from increased monetary flow and the economic recovery. The Office of National Statistics confirmed a 1.1 pc growth in the economy in [...]
SEOUL: A deal involving the KNOC, Dana Petroleum and Shareholders could generate a profit for Dana shareholders of £450m. The reason being is the expected rise in share price from £11.77 to £14.75 due to the interest shown by KNOC and the £18.00 per share deal that has been proposed. It is believed that many [...]
