Prayers in Ireland ahead of budget plan

BBC News - Prayers in Ireland ahead of budget plan: "finances.
The Irish may not be as religious as they once were, but in churches right across the country on Sunday prayers were offered for the future of the country and its people.
On Tuesday, the Irish government is expected to publish its four-year-plan aimed at getting its budget deficit down to 3% by 2014, in line with the rules of the Eurozone and agreements reached between Dublin and its European partners.
It currently stands at 32% due to the amount spent on bailing out its banks to date.
A worried people know that tax rises, spending cutbacks and probable privatisations are in the offing."

Comments

Post a Comment

Popular posts from this blog

SFO investigates price rigging in foreign exchange market

The Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of "fraudulent conduct", the director of the SFO said in a statement. Around 15 authorities internationally are investigating allegations of collusion and price manipulation. It is alleged that traders used online chatrooms to plan the fixing of benchmark prices. The Financial Conduct Authority (FCA) said in October it had joined other regulators around the world in scrutinising firms over the potential manipulation of the foreign exchange market.
Read more

Shares in Standard Chartered dive after Iran allegations

Shares in Standard Chartered PLC dropped sharply today as investors reacted to US charges that the bank was involved in laundering money for Iran. The charges against Standard Chartered were a shock for a bank which proudly described itself recently as “boring.” Shares were down nearly 20 percent at 1,187 pence at one point in early trading Tuesday on the London Stock Exchange. In Hong Kong, they were down 16.6 percent near the end of the session. New York State Department of Financial Services alleged on Monday that Standard Chartered schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States' financial system “vulnerable to terrorists.” Standard Chartered said it “strongly rejects” the allegations. In a statement, the bank said “well over 99.9 percent” of the questioned transactions with Iran complied with all regulations, and the exceptions amounted to $14 million. The New York regulato...
Read more

Jessica Harper admits £2.4m Lloyds Bank fraud

A former Lloyds Bank worker in charge of online security has admitted carrying out a fraud worth more than £2.4m. Jessica Harper, 50, had been accused of submitting false invoices to claim payments between 2007 and 2011. At the time she was working as head of fraud and security for digital banking and made false claims totalling £2,463,750. Harper, of South Croydon, south London, will be sentenced on 21 September. At Southwark Crown Court, Harper admitted a single charge of fraud by abuse of position by submitting false invoices to claim payments. 'A very simple fraud' She also admitted a single charge of transferring criminal property, the money, which she had defrauded from her employers. Harper was arrested on 21 December before being charged in May. Continue reading the main story “ Start Quote Jessica Harper has today been convicted of the type of crime the bank employed her to combat” Sue Patten Crown Prosecution Service Antony Swift, prosecuting, ...
Read more