Category: Alistair Darling

Employers' organisation the CBI, said it urgently wants the government to bring the deficit down.

Alistair Darling has signalled he is ready to legislate to curb huge City bonuses amid growing public anger over "rewards for failure".

The Chancellor insisted it was unacceptable for traders to get massive payouts when they were putting economic stability at risk.

His comments, in The Sunday Times, come amid evidence the bonus culture is already returning.

Chancellor Alistair Darling said today he would toughen regulation on banks and the financial sector with proposals designed to prevent a repetition of the financial crisis.

Half the population fear losing their jobs during the next six months, according to a survey by supermaket group Asda.

The survey which goes someway to explaining low consumer confidence also found that two thirds of employees would be prepared to take a pay cut to avoid being made redundant.