Treasury To Get Ultimate Bank Bailout Powers
The Treasury is to be given sole power over when to bail out banks in the event of another financial crisis, under new plans announced by Chancellor George Osborne.
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Brit Bosses Lose Confidence Over Euro Crisis
Failure to contain the eurozone debt crisis has caused a sharp fall in confidence among senior business leaders, who fear the onset of another banking crisis. Read more from the original source: Brit Bosses Lose Confidence Over Euro Crisis
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Lloyds Pledges New Loans For Small Business
Lloyds Banking Group has said it will make at least £12bn worth of loans available next year to support Britain's small and medium-sized businesses. Original post: Lloyds Pledges New Loans For Small Business
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First-Time Buyer Plan ‘May Allow 5% Deposits’
Taxpayers could underwrite millions of pounds worth of mortgages for first-time buyers as part of a plan that may allow deposits to be cut to as little as 5%. More here: First-Time Buyer Plan 'May Allow 5% Deposits'
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RBS Boss Under Pressure To Forgo £1m Bonus
The CEO of taxpayer-owned Royal Bank of Scotland has come under pressure not to accept his bonus for this year of almost £1m – as the Chancellor defends the money saying “the alternatives would have been worse”.
Subway Sandwich Chain To Create 6,000 Jobs
Sandwich chain Subway is to expand its presence in the UK and Ireland, creating 6,000 jobs over the next three years.
Nokia Loses Smartphone War Amid £1bn Loss
Nokia has reported a billion pound loss for last year as the world’s largest mobile phone maker struggles to maintain its market position.
Sky Sources: RBS Boss Bonus To Be Under £1m
The chief executive of Royal Bank of Scotland, Stephen Hester, is in line for an annual bonus of less than £1m, a decision that the bank and ministers hope will defuse the intensifying row over his pay.
O2 Says Sorry For Mobile Web Privacy Error
Mobile provider O2 has apologised for an error with its service that resulted in some customers’ phone numbers being shared with websites they visited while browsing on 3G.
GDP Decline Felt Across Struggling UK
The latest GDP figures came as no surprise to manufacturers, retailers and consumers across the UK, who have been suffering the effects of a weak economy for months.
McDonald’s To Create 2,500 New Jobs In UK
The fast food chain McDonald’s has announced that it will create at least 2,500 new jobs across the UK in 2012.
UK National Debt Tops £1trn For First Time
UK net debt has topped £1trn for the first time, according to official figures.
Govt To Announce Marine Energy Boost In UK
The government will announce the creation of the UK’s first marine energy hub later as part of a push to speed up progress in the sector.
