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Thursday 13 January 2011
The spectre of rewards for failure returned to haunt the City yesterday as it emerged that Gartmore chief executive Jeffrey Meyer will depart from the company with a £5m pay-off after its rescue by rival Henderson for £335m – £465m less than the company was worth when it floated on the London Stock Exchange.
Wednesday 12 January 2011
David Cameron and Ed Miliband clashed over bankers' bonuses in the House of Commons today, as the Labour leader accused the Prime Minister of applying "one rule for the banks and another for everybody else".
Thursday 06 January 2011
Bosses getting huge pay rises while workers have their wages squeezed is a recipe for "desperately low morale" in companies, TUC general secretary Brendan Barber warned today.
Sunday 02 January 2011
Unions are gearing up for a demonstration in the spring against the Government's massive cuts in public spending, predicting it will be a "huge" national event.
Sunday 02 January 2011
The leader of North Korea held out a rare olive branch in his New Year message yesterday calling for a "lasting peace" on the Korean peninsula. However, Kim Jong-il tempered the goodwill by warning that his country's military would also continue to prepare itself for fighting through "prompt, merciless and annihilatory action".
Friday 31 December 2010
The former banker investigating ways to get more women executives appointed to Britain's boardrooms will today give his strongest indication yet that quotas have been ruled out.
Thursday 30 December 2010
Ed Miliband is warning Britons to be braced for the pain of deep spending cuts – and accuses Coalition ministers of being callous in how they wield the axe.
Monday 27 December 2010
Consumers could soon be paying a higher tax rate than the UK's biggest banks, following changes to corporation tax and VAT in 2011, according to the Trades Union Congress.
Monday 13 December 2010
Business leaders today urged the Government to delay planned changes to the retirement age, warning that firms faced "huge uncertainty" and greater risk of tribunal claims if they went ahead.
Saturday 11 December 2010
While David Cameron and other Conservatives are understandably outraged by the vandalism that accompanied Thursday's student protest, let us not run away with the idea that the anti-Tory left has a monopoly on hooliganism dressed up as political activity.
Friday 10 December 2010
Campaigners accused the Government of "going soft" on banks as it unveiled details of its £2.5bn banking levy.
Friday 03 December 2010
The number of 16 to 24-year-olds claiming unemployment benefit for more than 12 months has increased fourfold since before the recession. Young people claiming jobseeker's allowance jumped from 5,840 in 2008 to more than 25,800 this year, according to a report by the Prince's Trust and RBS.
Wednesday 01 December 2010
A review of fair pay in the public sector today suggested top executives should not be paid more than 20 times the wages of other staff.
Sunday 28 November 2010
Thousands of London Underground workers will start a 24-hour strike tonight, threatening travel disruption for commuters and other passengers.
Friday 26 November 2010
George Osborne, the Chancellor, wants backing from EU finance ministers before imposing new bank bonus rules, in what is being seen as a further attempt to downplay the Government's "tough on banks" stance in response to City pressure.
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