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Times Online October 15, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

10,000 jobs go as crunch hits the public sector

More than £900m must be saved at Ministry of Justice in two years, threatening initiatives including tackling knife crime

Lukewarm reception as US buys into British rescue

Washington declares it will partially nationalise America's biggest banks to try to avert meltdown of its financial system

£37bn rescue 'may not be enough'

Cash injection into UK's three weakest banks is too little to stabilise system, Treasury Select Committee chairman warned

Inflation surge adds £3 billion to welfare bill

A spike in inflation is due to blow a £3 billion hole in Britain's welfare budget, leading public finance analysts said

OTHER HEADLINES
Analysis chevrons

Banks face dark days despite bail-out

Gordon Brown's plan has been hailed as a success, but more battles lie ahead and the plan has ramifications for all of us

Markets chevrons

Cadbury keeps investors sweet

Since selling its US beverages business, the company accompanies its trading updates with upgrades to profit forecasts

Burberry growth ... Irish pay cut ... Beazley losses

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