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Hsbc To Cut 700 Uk Jobs

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Wealth management services won't be needed by the majority when they can't even afford basic essentials.

http://www.independent.co.uk/news/business/news/hsbc-to-cut-700-uk-jobs-2304799.html

HSBC to cut 700 UK jobs

PA

Thursday, 30 June 2011

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Banking giant HSBC is to cut 700 jobs across the UK as it prepares for a drop in demand for financial advice due to upcoming changes in the law.

The company is reshaping its wealth management business before Retail Distribution Review rules are introduced in January 2013.

The new law will mean UK banks can no longer offer financial advice for free, so HSBC expects demand for the service to decline. However, the bank will still have 1,500 advisers across the UK.

The blow to staff comes on the day Lloyds Banking Group announced 15,000 job cuts by 2014.

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they could all go work for the zanu NUT,I hear tehy're hirng,they never fire,and you get a pension paid for by the poverty of the guy stacking shelves at ASDA

Not for long as shelf stacking robots are going to make this person obsolete.

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they could all go work for the zanu NUT,I hear tehy're hirng,they never fire,and you get a pension paid for by the poverty of the guy stacking shelves at ASDA

If it wasn't so true i'd be laughing too. There are a few teachers in my circle and the comments of support on their Facebook pages from friends are nauseating.

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  • 312 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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