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UK economic system in ‘horrible’ bind with no room for tax cuts as recession looms – IFS

The UK economic system is in a “horrible fiscal bind” because it heads for recession and with no room to chop taxes or improve public spending amid mounting political stress on the Chancellor to take action, in accordance with a report.The Institute for Fiscal...

Citi reviewing 250 jobs in London as a part of world overhaul

US banking large Citi has instructed employees that it's reviewing round 250 jobs in London, with a plan to “eliminate” these that don't match.The firm mentioned that among the jobs will likely be saved, others modified or new roles created, nevertheless it warned in...

FTSE slips as banks lead fallers after NatWest boss resigns

The FTSE 100 took a step again on Wednesday as banking companies noticed their shares dented by the fallout from the row over the closure of Nigel Farage’s Coutts account.NatWest Group was the index’s heaviest faller through the session after Dame Alison Rose stepped...