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Uk Banks Cull More Than 1,000 Jobs In A Week

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UK banks cull more than 1,000 jobs in a week
On Thursday, Barclays cut 500 positions in its corporate banking business, taking to nearly 1,400 the total number of jobs lost in the sector just this week.
This came after Lloyds Banking Group cut 360 jobs on Wednesday as part of its continued cost-saving programme and the integration of the Lloyds TSB and HBOS businesses, while Royal Bank of Scotland announced the loss of more than 700 jobs.
David Fleming, Unite national officer, said the Barclays announcement meant it had been "a disastrous week for the UK's financial services sector".
"The sector is haemorrhaging jobs," he said. "This week alone workers have lost their jobs from across Lloyds Banking Group, Royal Bank of Scotland and today Barclays.
These workers are paying the price for the financial risks taken by those rich and greedy bankers at the top of the finance sector

We are all in it together in the sense that the whole nation is paying the price for unrestrained banksterism.

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  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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