The International Monetary Fund has signalled that Greece will have to give up autonomy over its budget if it is to receive the full backing of the international community for its second €130bn bail-out. Chancellor tells delegates at Davos that the problems in Greece have still not been dealt with, ahead of an EU summit on Monday. Sir Philip Hampton, the chairman of the Royal Bank of Scotland, offered to cede a potential £1.4m 'golden hello' before Stephen Hester was awarded a near £1m bonus. The richest college at the University of Cambridge, Trinity, has invested in the UK's largest retailer by acquiring a 50pc stake in a portfolio of Tesco stores worth £440m. British Gas is to pay Thames Water to promote free insulation to its customers, ahead of the December deadline for energy companies to meet government carbon emissions reductions targets.Greece will lose control of budget in return for bail-out, IMF warns
Europe has just weeks to act, says Osborne
RBS faces pressure on £1m bonuses
University buys 50pc stake in Tesco stores
British Gas' Thames Water insulation deal
Sunday, 29 January 2012
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