10 Updates

1.1million public sector jobs axed as economy lurches

Source: The Sun, Dec 5 2012, 6:49pm CST

The figure is nearly 300,000 higher than predicted in the March Budget. But the independent Office for Budget Responsibility said the cuts will be outweighed by an extra 2.4million jobs in the private sector. It also warned t ...

Continue reading on: The Sun

 
 
Update
10

24 minutes ago

Osborne: Treasury considering returning Lloyds to private sector

Source: Herald Scotland  |   Jun 19 2013, 5:21pm CDT

The Treasury is "actively considering" steps to return partially state-owned Lloyds bank to the private sector, and may offer some shares to the public, Chancellor of the Exchequer George Osborne has announced. The Treasury is \"actively considering\" ...

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Update
9

1 hour ago

Osborne hints at Ulster Bank sale

Source: BBC News  |   Jun 19 2013, 4:09pm CDT

19 June 2013 Last updated at 17:09 ET Chancellor George Osborne's review into RBS will focus on Ulster Bank The chancellor of the exchequer has raised the possibility of Ulster Bank being sold off from i ...

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Update
8

1 hour ago

Lloyds ready for sale, as upbeat George Osborne says recovery is on

Source: Metro.co.uk  |   Jun 19 2013, 3:50pm CDT

George Osborne signalled his intention to return Lloyds bank to the private sector as he gave his most upbeat assessment of the economy to date. Delivering his Mansion House speech to the City, he said he will give billions of pounds back to the taxpa ...

Continue reading on: Metro.co.uk  More like this

 
Update
7

2 hours ago

Chancellor George Osborne uses Mansion House speech to declare Britain has 'left intensive care'

Source: Daily Mail - UK  |   Jun 19 2013, 3:32pm CDT

Osborne announces review of dividing RBS into 'good' and 'bad' bankSell-off of Lloyds - which is 'in a good position' - could begin in months He was speaking tonight at annual Mansion House speech in London Britain has ‘left intensive care’ and its ec ...

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Update
6

2 hours ago

First minister backs RBS break-up

Source: BBC News  |   Jun 19 2013, 3:26pm CDT

19 June 2013 Last updated at 16:26 ET Since the financial collapse RBS has been 81% owned by the taxpayer The first minister has backed a break-up of RBS to split its risky investment bank from its mainstream retail and ...

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Update
5

2 hours ago

George Osborne ready to sell taxpayers' stake in Lloyds Banking Group

Source: Guardian Unlimited  |   Jun 19 2013, 3:13pm CDT

George Osborne has signalled he is ready to start the sell-off of the taxpayer's stake in Lloyds Banking Group, but said he is to consider whether to break up the Royal Bank of Scotland, in a move that coul ...

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Update
4

2 hours ago

Treasury 'considering Lloyds sale'

Source: The Lancashire Telegraph  |   Jun 19 2013, 3:13pm CDT

Chancellor of the Exchequer George Osborne walks along The Strand, central London, on his way to visit a branch of Lloyds TSB The Treasury is "actively considering" steps to return partially state-owned Lloyds Bank to the ...

Continue reading on: The Lancashire Telegraph  More like this

 
Update
3

2 hours ago

Osborne promises to get serious on the banks. Believe it when you see it

Source: The Telegraph  |   Jun 19 2013, 3:06pm CDT

So now we know why Stephen Hester was sacked. In his Mansion House speech, the Chancellor has confirmed that the breakup of Royal Bank of Scotland Group into a good and a bad bank is indeed under serious consideration, and will almost certainly g ...

Continue reading on: The Telegraph  More like this

 
Update
2

2 hours ago

Lloyds privatisation is 'active', says George Osborne

Source: The Telegraph  |   Jun 19 2013, 3:01pm CDT

Sir Mervyn King, the outgoing Governor of the Bank of England, welcomed the Chancellor’s comments and said it was “time for decisive action”. “Britain needs a thriving banking system to serve households and businesse ...

Continue reading on: The Telegraph  More like this

 
Update
1

2 hours ago

George Osborne's 'bad bank' plan for RBS has one big danger

Source: The Telegraph  |   Jun 19 2013, 2:52pm CDT

Mr Osborne does not appear to agree – admitting he now believes it should probably have been prised in two in 2008 when the Government first bailed it out – and has fired the starting pistol on a review which is likely to com ...

Continue reading on: The Telegraph  More like this

 
 

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