The chief executive of Lloyd's of London has admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-hit continent. Billionaire tycoon says the Government needed to provide 'action to back the rhetoric', boosting support for small and medium-sized businesses and promoting entrepreneurialism to reduce unemployment and boost growth. The UK's services sector is showing signs of an upturn in fortunes, according to a CBI survey, which has offered some glimmers of hope for George Osborne after a week of gloomy economic news. Spain's stricken Bankia expects to sell off its vast portfolio in industrial holdings that include a stake in the parent company of British Airways and Iberia. Jaguar Land Rover is likely to confirm the dramatic revival in British car making this week when it unveils record pre-tax profits of more than £1.5bn. Private businesses paid by the state should be subject to the same scrutiny as listed companies, a leading member of Parliament's spending watchdog committee said. Filled with blood, sweat and testosterone, the Britannia hotel could have been mistaken for an MF Global creditor's meeting. A shake-up in restrictive employment law is more vital than ever if businesses are going to lead Britain back to growth. When I warned last week that we would have to get used to greater market volatility this summer, I was more confident about the market prediction than the seasonal reference. Tesco, Asda and Sainsbury are among employers in the food industry to open their doors and give jobs tips and training to thousands of unemployed young people, in a bid to shake off the sector's reputation as employers of shelf stackers.Lloyd's preparing for euro collapse
Branson blasts government for lack of growth
UK services sector picking up, CBI claims
Bankia set to sell stake in British Airways owner
Jaguar Land Rover set for record £1.5bn profit
A4e 'scandal' prompts scrutiny call
Dashwood: Bankers brawl at City 'credit punch'
How red tape is tying British business in knots
Four ways to direct your feet to the sunny side of the street
Food industry to give jobs tips to young people
Sunday, 27 May 2012
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