background preloader

People

Facebook Twitter

Austerity will give Tories an electoral edge. Q&A: Quantitative easing. Image copyright Getty Images Governments and central banks like there to be "just enough" growth in an economy - not too much that could lead to inflation getting out of control, but not so little that there is stagnation.

Q&A: Quantitative easing

Their aim is the so-called "Goldilocks economy" - not too hot, but not too cold. Cutting costs. Direct Line to cut nearly 900 jobs. Insurance group Direct Line, part of the Royal Bank of ScotlandRoyal Bank of Scotland, has announced proposals to axe nearly 900 roles and close a site in the north-east. The group, which also owns the Churchill and Green Flag brands and employs 15,000 staff in the UK, is planning the redundancies as part of plans to make £100m of savings by the end of 2014. Some 500 of the 891 roles could go under plans to close a customer services site in Stockton-on-Tees, while the other job losses are expected to be spread across the group's locations across the UK. The chief executive, Paul Geddes, said: "We have not made these proposals lightly and fully understand the impact this will have on our people. As we have done in the past, we will be open and honest, dealing fairly and carefully with those affected.

"