And in the real world... public borrowing, Tiscali, UBS and more

LONDON - Today's round-up of the biggest business stories.

World news...round-up
World news...round-up

Several hundred more British banking jobs will be lost in the coming months following an announcement by UBS, the Swiss financial group, that it plans to slash its global workforce by 8,700 staff by the end of next year.
Source: The Daily Telegraph

In next week's Budget, Alistair Darling, the Chancellor, is expected to announce that annual public borrowing is set to rocket to almost £175 billion over the next two years.
Source: Financial Times

The debt-laden Tiscali, one of Britain's biggest internet service providers, may not be able to survive in its current form, according to auditors.
Source: Daily Mail

Purchases of food, drink, clothing and footwear bolstered overall spending last month, more than offsetting declines in purchases of big-ticket items such as furniture, according to the British Retail Consortium.
Source: Financial Times

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