American GDP decline eases back
The US economy contracted again in the second quarter, with GDP 1% lower than a year ago, but the news was not as bad as feared
Archive for July, 2009
Retirement cash wasted in dud funds
Savers are wasting billions and risking retirement cash by sticking with underperforming pension funds managed by some of the biggest names
Government creates 47,000 jobs for unemployed youth
The government has announced plans to create 47,000 new public sector jobs in a bid to curb unemployment among school and university leavers.
The jobs, which include sports coaches, tree planters, teaching assistants and carers, will be aimed at 18 to 24 year olds who have been out of work for at least 12 months.
Councils and [...]
BA cuts costs by axing free meals
Short-haul passengers are the latest victims in the British Airways’ attempt to steer clear of administration.
Passengers on short-haul flights taking off from London after 10am will no longer receive a free meal, a bread roll, bottled water or sandwiches, as part of cost-cutting measures that could save the airline up to £22 million a year.
All [...]
Motor insurance premiums continue to soar
Car insurance premiums increased 3.5% over the past three months, research by the AA has discovered.
The typical quote for annual comprehensive insurance cover now stands at £778.13, according to the AA British Insurance Premium Index.
This is 11% more than 12 months ago.
Home insurance premiums also increased in the second quarter, up 2.5% on quarter one, [...]
Lloyds TSB reviews final salary pension scheme
Lloyds TSB’s final salary pension scheme could be shut down as the bank looks to cut costs following the acquisition of HBOS.
The bank plans to review all its benefits schemes in light of the acquisition, with the pension scheme as a likely cost-cutting target, a statement from the bank said.
“When Lloyds Banking Group formed in [...]