HMRC counting the pennies after job cuts
24 May 2012
Stat of the day: £1.1bn - How much tax has been lost because of job cuts at HMRC.
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JobsQuote of the day: 'It will put up the cost of people's insurance, put up the cost of people's pensions, it will cost many, many jobs. It will make Europe less competitive and I will fight it all the way.'
Stat of the day: £1.1bn - How much tax has been lost because of job cuts at HMRC.
An informal EU summit in Brussels ended last night with EC President Herman Van Rompuy making clear he wanted Greece to stay in the eurozone.
In a high profile political spat, Adrian Beecroft has hit back at Vince Cable after the business secretary criticised his proposed employment reforms.
Stat of the day: 13%. The number of young people out of work across the globe. And the crisis will stay at this level until 2016, says the International Labour Organisation.
The business secretary has weighed in to condemn proposals that would make it easier for employers to fire under-performing staff.
The 2020 Tax Commission report recommends that income tax should be fixed at a flat rate of 30% and National Insurance abolished.
Despite rocketing fuel costs and the eurozone recession, Ryanair has pulled record profits of more than €0.5bn out of the bag.
Greece's default looms large and Bankia teeters. Meanwhile, France attempts to edge away from the abyss.
Thousands of jobs have been safeguarded at the 50-year-old Ellesmere Port plant today after General Motors announced it is to manufacture the new Vauxhall Astra in the UK.
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