UK Finance News

State owned Northern Rock have enraged critics by announcing that it’s staff will earn bonuses of up to 60% of their salary as part of an incentive scheme.
Northern Rock staff and executives will be paid the bonus as a reward for repaying the government loan of £26billion as early as possible.
The Tax Payers Alliance have [...]

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The Bank Of England has announced a half percent cut in interest rates as an emergency measure thrashed out with the World’s bankers throughout last night. The Federal Reserve, European Central Bank, Swiss, Canadian, Swedish and Chinese Central banks all announced similar cuts at the same time.
The cut was made only hours after the British [...]

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