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18th of July 2011
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News Tag: public

July 12, 2011

Cheques will not be scrapped, say Payments Council

by Kay Mitchell
It has been announced today that cheques will not be phased out after the Payments Council announced it would abolish them in 2018. The Council has now decided to keep them after criticism from MPs and charities and was forced to make the u-turn after pressure from the public. Richard North, the chairman of the Payments Council, said: "It's in the ...

March 8, 2011

RBS chief exec in line for £7.7m pay package

by Kay Mitchell
The Royal Bank of Scotland (RBS) has today revealed its chief executive, Stephen Hester, will receive an extra shares bonus worth up to £4.5 million - taking his total pay package to £7.7 million for 2010. The bank, which is 83% owned by the taxpayer, also unveiled bonus payments for several of its other executives. Finance director, Bruce Van Saun, ...

August 9, 2010

UK jobs market recovery in danger of stalling

by Gill Montia
UK jobs market recovery in danger of stalling
Cutbacks in the public sector will be impacting on UK jobseekers across all sectors between now and the end of the year, according to research from The Chartered Institute of Personnel and Development (CIPD). The professional body has warned that employers are expecting to make an average 5.5% headcount reduction in the remainder of 2010, up from an estimated 3.6% ...

February 6, 2009

Barclays and Lloyds face public outrage with million pound bonuses

by Kay Mitchell
It has been revealed that Lloyds Banking Group and Barclays are awarding bonuses to star employees worth millions of pounds. The news comes just 24 hours after Business Secretary Lord Mandelson warned the Royal Bank of Scotland (RBS) about its intention of offering “exorbitant” bonuses to staff. RBS is also planning to pay staff tens of millions of ...

December 18, 2008

Public sector borrowing hits record £16bn

by Kay Mitchell
Figures from the Office for National Statistics have revealed that the UK's public finances deteriorated sharply again in November, with net borrowing rocketing to a high of £16 billion. The figure was far higher than analysts expectations who forecast £13.7 billion. Borrowing for the first eight months of the financial year now totals £56.1 billion, compared with £29.2 billion at the same ...

October 20, 2008

Public borrowing at highest since 1946

by Kay Mitchell

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