Archive for the 'billions' Category

Projects axed by coalition Government as it aims to cut spending

It has been announced that the coalition Government has axed a dozen projects worth £2 billion, which had previously been signed off by the former Labour Government.
The cuts come as the new Government attempts to bring the UK’s deficit down.
According to Danny Alexander, the Liberal Democrat chief secretary to the Treasury, the projects include an [...]

Consumer group calls for investigation into ISAs

Consumer Focus has warned that cash ISAs are depriving savers of £3 billion in interest each year.
The consumer group has made a complaint to the Office of Fair Trading (OFT) and is calling for an investigation into Individual Savings Accounts (ISAs).
ISAs, which were launched a decade ago by then Chancellor, Gordon Brown, and were [...]