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Swedish car manufacturer Saab has had to apply for bankruptcy protection after failing to generate new cash, keep vehicle production rolling and pay staff their wages. The 64-year-old firm said it was confident that the legal move would buy it the time it needed in order to stabilise its finances by bringing in funds from [...]
(Read More)7th Sep 11
Riots cost taxpayers £133m
by Paul Russell
England’s riots will cost the taxpayer over £133m in policing and compensation for businesses impacted by the unrest, the home office select committee has been informed. In evidence from the mayor of London Boris Johnson, the Association of Chief Police Officers’ chairman Sir Hugh Orde and the acting Metropolitan police commissioner, Tim Godwin, the full [...]
(Read More)6th Sep 11
Environment policy reforms to increase energy bills by £300
by Paul Russell
Household energy bills will increase by over £300 per year due to the Coalition’s green policies, said a senior Downing Street adviser to the prime minister. David Cameron has been told that government plans to enable people to reduce their energy costs through efficiency measures will probably fail. The prime minister’s senior adviser rebuffed claims [...]
(Read More)1st Sep 11
Sainsbury’s to halve intake of graduate jobs
by Paul Russell
Sainsbury’s is cutting the amount of graduates which it takes on this year by over half, the retailer has revealed. Diana Breeze, head of human resources (HR) said that the supermarket have made the decision to recruit only 20 graduates this year in comparison with the 46 which it took on last year. In addition, [...]
(Read More)31st Aug 11
US has wasted $30bn on Afghanistan and Iraq contracts
by Paul Russell
The government of the US has wasted over $30bn (£18.3bn) on grants and private contractors in Afghanistan and Iraq during the past 10 years – more than 15 per cent of the overall spend – revealed a bipartisan group in charge of examining the issue. The amount, which was referred to as sobering but conservative, [...]
(Read More)30th Aug 11
Housing market set for tough autumn
by Paul Russell
There are concerns over the housing market’s health after property data company Hometrack forecast steeper drops in prices this autumn, as latest figures revealed an annual fall of 3.6 per cent in August. The prediction by Hometrack will fuel the opinion of bearish commentators that British house prices are still a fair distance from the [...]
(Read More)26th Aug 11
One in four GCSE entries gets A or A*
by Paul Russell
Almost 25 per cent of GCSE entries have received an A or A* grade in results published yesterday, which revealed a further drop in the amount of pupils studying foreign languages such as French. French entries have declined since foreign languages were made optional seven years ago. This year they fell to just over 154,000 [...]
(Read More)23rd Aug 11
A&E organ donation can save more lives
by Paul Russell
The lives of many more people could be saved each year as hospital employees are told to do more in order to secure organ donations within casualty departments. New guidelines are expected to highlight to accident and emergency workers the potential of taking organs from patients that are not likely to live long, like those [...]
(Read More)22nd Aug 11
Home secretary to meet social networks over riots
by Paul Russell
The Home Office has summoned the major social networks to a meeting on Thursday to talk about the English riots. Facebook, Blackberry and Twitter have all been strongly criticised after news came out that a number of rioters appear to have used them in order to plan riots or encourage others. Facebook has confirmed it [...]
(Read More)18th Aug 11
RBS and Lloyds customers prevented from using ATMs of rivals
by Paul Russell
The UK’s bailed-out banks are barring some of their least well-off customers from using ATMs belonging to competitors. Customers of Royal Bank of Scotland, NatWest and Lloyds TSB, who only have a “basic” current account are only able to use cash machines which belong to their home bank. The majority of current account holders are [...]
(Read More)