Commerce Investments Group Looks at Job Cuts in the UK

London Stock Exchange Group Plc said the same day it plans to cut 120 staff, more than a tenth of the workforce.

Online PR News – 30-June-2009 – – Corus, the U.K. unit of Tata Steel Ltd. which provides more than two thirds of the company’s output, said on June 25 that more than 2,000 jobs are ‘are risk.”

The Bank of England is pumping newly created money into the financial system and keeping its benchmark interest rate at a record low of 0.5 percent to fight the recession.

Still, King said June 24 that problems in the banking system mean the recovery is “uncertain” and policy maker Kate Barker said the same day that Britain’s housing market was “still some way away from normal.

While Nationwide Building Society said today house prices increased 0.9 percent in June, adding to evidence the housing market may be stabilizing, mortgage approvals climbed less than economists forecast last month.