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Bank of England warns of long road to recovery - Summary
London - The Bank of England offered a cautiously optimistic outlook on the economy Wednesday, saying the process of recovery had begun while an emergence from the recession was still some time off. The past year had been extremely painful for most...
[Posted on :
2009-11-11 ] Category : [
UK (Business) ]
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Bank of England warns of long road to recovery
London - The British economy has gone through an extremely painful year and the process of recovery has only just begun, the Bank of England said Wednesday. Presenting the bank's quarterly inflation report, governor Mervyn King warned that it would...
[Posted on :
2009-11-11 ] Category : [
UK (Business) ]
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British unemployment rises to just under 2.5 million
London - Unemployment in Britain rose by 30,000 to a total of 2.46 million over the three months to the end of September, official figures showed Wednesday. The unemployment rate remained unchanged at 7.8 per cent. The figures by the Office for Natio...
[Posted on :
2009-11-11 ] Category : [
UK (Business) ]
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Report: Lloyds to cut 5,000 jobs
London - Britain's Lloyds Banking Group is to cut around 5,000 jobs next year as part of plans to reduce costs, media reports said Tuesday. The bank is expected to confirm the cuts in the United Kingdom later on Tuesday, reports quoted unnamed source...
[Posted on :
2009-11-10 ] Category : [
UK (Business) ]
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