Tag: vote

Italy to vote on austerity measures to reduce debt

Italy to vote on austerity measures to reduce debt

In order to avoid a bailout, the Italian senate is set to vote on austerity measures, which proposes cuts of €48 billion (£42 billion) over the next three years. The country’s Finance Minister, Giulio Tremonti, is aiming to cut the deficit to zero by 2014 from this year’s 3.9% of GDP. Mr Tremonti said the [...]

July 14, 2011 | 0 Comments More
Greek parliament approves fresh austerity measures

Greek parliament approves fresh austerity measures

Greece’s parliament has today approved the fresh round of austerity measures – designed to save the country from defaulting on its debts. The measures were one of the conditions of the next instalment of its bailout loan. MPs passed the measures by 155 votes to 138. The latest austerity measures will according to Prime Minister [...]

June 29, 2011 | 0 Comments More
Challenging times ahead warns policymaker

Challenging times ahead warns policymaker

Spencer Dale, one of the Bank of England’s Monetary Policy Committee (MPC) members, has warned that rising inflation is a “significant risk” to the UK economy. Mr Dale, who is the Bank of England’s chief economist, said the UK can expect some tough times ahead over the next few years and said he is “not [...]

May 30, 2011 | 0 Comments More
BoE expected to keep interest rates on hold tomorrow

BoE expected to keep interest rates on hold tomorrow

The Bank of England’s Monetary Policy Committee (MPC) is tomorrow expected to keep UK interest rates on hold at the historically low level of 0.5% for the 19th consecutive month. Many economists expect no movement on interest rates until early 2011. Meanwhile, all nine members of the MPC are expected to keep the quantitative easing [...]

September 8, 2010 | 0 Comments More
Union and BAA in talks to avoid airport strike

Union and BAA in talks to avoid airport strike

Talks are ongoing between airports operator BAA and the Unite union to try to avoid strike action which could see six UK airports shut down over the crucial bank holiday period. Face-to-face talks between the two parties are taking place at the central London offices of the conciliation service ACAS and comes after BAA voted [...]

August 16, 2010 | 0 Comments More
BAA staff vote in favour for strike action

BAA staff vote in favour for strike action

Travel chaos is looming after airport operator, BAA, has voted in favour of strike action, the Unite union has announced today. BAA, which is majority owned by Spain’s Ferrovial, owns six airports: Heathrow, Stansted, Aberdeen, Edinburgh, Glasgow and Southampton. These airports would have to close on any strike days, as crucial staff including fire-fighters, security [...]

August 12, 2010 | 0 Comments More
Bank voted 7-1 to hold rates in July

Bank voted 7-1 to hold rates in July

Minutes of the Bank of England’s July meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted 7-1 earlier this month to keep interest rates at the historic low of 0.5% – where they have been since March 2009. Again, the usual nine-strong committee comprised of only eight members as [...]

July 21, 2010 | 0 Comments More
AA staff vote for industrial action

AA staff vote for industrial action

Workers at motoring group AA have voted in favour of going on strike in a row over pensions. The AA’s management wants to put a cap on annual rises in pensionable salaries, to raise employee contributions and also to cut the maximum annual increase in pensions paid. The final-salary scheme is already closed to new [...]

April 7, 2010 | 0 Comments More
British Gas workers to strike

British Gas workers to strike

The GMB trade union has today announced staff at British Gas have voted in favour of industrial action over claims of “macho management” and changes to staff terms and conditions. The union has given the UK’s largest energy retailer a week to respond before deciding its next move. GMB said over 61% of its 8,000 [...]

March 23, 2010 | 0 Comments More
BA strike ballot result due today

BA strike ballot result due today

Fears of travel chaos could emerge later as the results of a ballot is set to be announced. A second strike ballot for British Airways (BA) 12,000 cabin crew members is to close today after they vowed to take industrial action over cost-cutting measures, which include a pay freeze and a switch to part-time working [...]

February 22, 2010 | 0 Comments More
Bank voted 9-0 to hold rates and QE programme

Bank voted 9-0 to hold rates and QE programme

Minutes of the Bank of England’s February meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%. Furthermore, all nine members of the MPC opted to put the brakes on the quantitative easing (QE) programme. QE, also [...]

February 17, 2010 | 0 Comments More
Cadbury executives to step down following Kraft deal

Cadbury executives to step down following Kraft deal

Chairman Roger Carr, chief executive Todd Stitzer and chief financial officer Andrew Bonfield of Cadbury have announced today that they will step down from the British confectioner. The three bosses announced their resignations following a shareholder vote which will see US food giant, Kraft, takeover the 186-year-old iconic British company in a £11.5 billion ($18.9 [...]

February 3, 2010 | 0 Comments More
Cadbury shareholders vote in favour of Kraft takeover

Cadbury shareholders vote in favour of Kraft takeover

Cadbury shareholders have today voted in favour of the £11.5 billion ($18.9 billion) takeover deal from US giant, Kraft Foods. Today’s vote brings an end to Kraft’s five-month battle to take control of the 186-year-old British confectioner. Cadbury said it had received valid acceptances of the offer from shareholders representing 71.7% of the company. Commenting [...]

February 2, 2010 | 0 Comments More
Bernanke wins second term

Bernanke wins second term

Fifty-six-year old Ben Bernanke has won a second term as chairman of US central bank, the Federal Reserve. The US Senate confirmed the appointment after it voted 77-23 in favour of Bernanke, whose current term ends on Sunday. At the time of his nomination last August, US President Barack Obama said: “Mr Bernanke had helped [...]

January 29, 2010 | 0 Comments More
Yorkshire and Chelsea members vote in favour of merger

Yorkshire and Chelsea members vote in favour of merger

It emerged in December that Yorkshire Building Society and Chelsea Building Society were in advanced merger talks and the deal is moving a step closer after YBS members voted in favour of the merger. Around 87% of savers and 85% of borrowers voted in favour of the merger, which members of the Chelsea have already [...]

January 27, 2010 | 0 Comments More
Bank voted 9-0 to hold rates and QE programme

Bank voted 9-0 to hold rates and QE programme

Minutes of the Bank of England’s January meeting have been released today and have revealed that the Monetary Policy Committee (MPC) voted unanimously this month to keep interest rates at the historic low of 0.5%. Furthermore, all nine members of the MPC opted to leave its quantitative easing (QE) programme unchanged at £200 billion. QE, [...]

January 20, 2010 | 0 Comments More
Cheques to be phased out by 2018

Cheques to be phased out by 2018

The UK Payments Council has today voted to phase out cheques on 31 October 2018, but has pledged to “promote and explain” alternatives over the next 9 years. The use of the cheque book has been in decline for many years as consumers opt for quicker payment methods. Major retailers such as Tesco and Sainsbury’s [...]

December 16, 2009 | 0 Comments More
Future of the cheque book to be decided today

Future of the cheque book to be decided today

The use of the cheque book continues to decline as consumers opt for quicker payment methods and, as a result, the cheque clearing system could end by 2018. Major retailers such as Tesco and Sainsbury’s no longer accept cheques, arguing that phasing out the use of cheques in stores resulted in quicker service and improved [...]

December 16, 2009 | 0 Comments More
BA cabin crew set to cast vote on strike action

BA cabin crew set to cast vote on strike action

British Airways (BA) cabin crew are set to cast their vote on whether strike action will take place. The Unite trade union is predicting that 14,000 air stewards and stewardesses will vote in favour of strike action over the Christmas period in a dispute over cost-cutting measures. The measures include a two-year pay freeze for [...]

November 16, 2009 | 0 Comments More
Barclays’ staff in strike ballot over pension scheme

Barclays’ staff in strike ballot over pension scheme

Barclays’ staff are set to vote on whether to strike over the closure of its final-salary pension scheme. The Unite union said the ballot will take place in August with potential industrial action taking place across the bank in September, which will “significantly impact” the bank’s operations. The decision to close its final-salary pension scheme [...]

July 17, 2009 | 0 Comments More