Summary
Thousands of City jobs could be lost and bonuses slashed as a result of the recent stock market turmoil, putting the UK's economy under threat, experts warned yesterday .
Economists predicted that as many as 5,000 jobs could go in the Square Mile by the end of the year and bonus awards could be cut by 15 per cent as financial institutions tighten their belts amid the credit crunch caused by America's sub-prime loans crisis.See the full content of this document
Extract
Turmoil May Bring Big Job Losses in City ; City
The economy could slow as the knock-on effect is seen across key markets, such as the high-...
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