UK Budget may Raise Risk for Terrorism

July 5, 2010

Anti-terror Officer John Yates has warned that UK budget cuts will increase the risk of terrorism attacks. This has received an angry reaction from Cabinet Office Minister Francis Maude, who has called the warning shroud-waving and ...

M&S in hot water over exec pay

July 4, 2010

Marks and Spencer is in trouble with its shareholders who are irate at the UK retail giant for dishing out what they believe to be exorbitantly-sized bonuses and astronomical pay. Two companies, the Association of British Insurers and Manifest, both ...

Markets slump as Barclays struggles

July 4, 2010

World stock markets saw across-the-board drops on Thursday as Barclays announced late Wednesday that its banking division is suffering financial hardships, and saw its own stock drop to its lowest levels since January. Other factors which contributed to the bleak ...

Royal Bank of Scotland moves closer to rejoining the private sector

July 3, 2010

Stephen Hester announced he would be disappointed if ministers have not begun to sell the Royal Bank of Scotland's 83 per cent holdings by next year. The government may begin sanctioning parts of RBS after it was nationalised in a government ...

Investment advice from financialadvisors.org.uk

July 3, 2010

In light of the recent recession preparing for financial success has become even more vital for businesses and individuals. Britons have taken notice of the importance of well placed investments as more and more tighten their purse strings during the economic ...

Nick Clegg Invites Public to Scrap Laws

July 2, 2010

Deputy Prime Minister Nick Clegg is now asking the public to nominate regulations, laws and offences that they want to be abolished or changed. He has launched a 'Your Freedom' campaign with a website that allows ...

Lloyds Banking Group Cuts 1,850 more Jobs

July 2, 2010

Lloyds Banking Group says that they plan to ax another 1,850 jobs as part of cost-cutting measures that threaten even hundreds more. The bank is closing an insurance office in Nottingham, as well as cutting back ...

1.3 million Jobs to be Lost due to UK Budget

July 1, 2010

It's being reported that the UK budget will result in 1.3 million jobs being cut over the next 5 years. Apparently, the Treasury's private assessment, which was leaked, found that spending cuts will cost as much ...

Ryanair Cuts Winter Capacity due to Air Passenger Duty

June 30, 2010

Budget airline Ryanair has announced plans to reduce their winter capacity by an overall 16%. An airline spokesperson said that their intention is to move planes previously based in London to other bases around Europe, where ...

G20 Summit Approves of UK Budget

June 29, 2010

Prime Minister David Cameron is insisting that the G20 summit is backing the UK's strategy to cut the budget deficit. He said that they, as well as G8, agreed that the timing and speed of deficit ...