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Plans to force banks to ringfence their retail deposit and lending activities will have a very limited impact on overall UK economic output and are likely to lead to only a small rise in borrowing costs for the nation’s biggest companies, a new study shows.
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Average bonuses for directors of FTSE 350 companies have risen by 187% since 2002, without a corresponding rise in share prices, new research suggests.
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The bosses of Britain’s bailed-out banks are paid more than they were before the credit crunch struck, a damning report reveals today.
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They are meant to be in the prime of their lives. But middle-aged Britons have been found to be in the world’s worst shape. They are fatter, more depressed and much more likely to be puffing away on cigarettes than their peers around the globe. What’s more, even the fast-food-loving, exercise-shy Americans – who have long been regarded as the benchmark for unhealthy living – are in better shape.
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(Reuters) – Former German chancellor Gerhard Schroeder on Sunday called for the creation of a "United States of Europe," saying the bloc needed a common government to avoid future economic crises.
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There is, as yet, little recognition in the eurozone’s cacophonous capitals that an economic downturn poses an existential threat. I would expect therefore that the downturn will hit the eurozone with full force, and without defence. When that happens, the eurozone crisis will turn ugly.
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