Economic crisis in Europe

Economic and political power in the USA, cartoon

The Bank of England is warning that high street banks face big new risks from future rises in interest rates and the current crisis in the bond markets: here.

UK workers report plummeting job satisfaction and falling standards of living, despite the likelihood of recent GDP figures marking an end to the recession: here.

The [British] government has been accused of “getting its priorities wrong” after it was announced that higher education teaching budgets would be severely affected by the £600 million worth of cuts across the sector.

Britain: New M&S boss will earn £15m ‘golden hello’ and salary package in his first year: here.

Unemployment in the 16 countries comprising the eurozone increased to an official average of 10 percent in December—the highest level of unemployment since the introduction of the euro in 1999: here.

3 thoughts on “Economic crisis in Europe

  1. Britain: Suicides rise as recession bites

    Suicide rates shot up as the recession started, new figures show.

    5,377 people killed themselves in 2008—an increase of more than six percent on the year before.

    More than 300,000 lost their jobs that year as the financial crisis hit.

    The statistic abruptly ends a two-decade trend of falling suicide rates.

    Experts fear that the upward rate could continue until the recession ends.


  2. New M&S chief in line for millions

    Fat-cat pay: Marks & Spencer chief Sir Stuart Rose has defended the £15 million pay package for incoming boss Marc Bolland.

    Mr Bolland joins M&S as chief executive on May 1 and will get £7.5 million in cash and shares to “compensate” for share schemes forfeited by leaving his old job.

    Mr Bolland will be paid £975,000 in basic salary at M&S and receive a potential bonus worth 250 per cent of salary. The massive payout follows M&S’s decision last January to cut 1,000 jobs.


  3. Pingback: Paradise Papers scandal and Britain | Dear Kitty. Some blog

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