Bitesized Blighty: March 20, 2015
Round-up news from across the Atlantic . . .
The Chancellor of the Exchequer announced the 2015 Budget this week. The annual statement, which outlines the government's cuts and allowances for the coming year, was the final one of this parliament, and a last chance for the coalition to offer "goodies" to voters ahead of the election. The opposition, however, described it as "having nothing in it" meaning they wouldn't need to reverse any of the policy measures announced by the Chancellor. Read More
TSB, the UK's leading high street challenger bank, today accepted a takeover offer of £1.7bn from Spanish bank Sabadell. Although this is well over twice the valuation given to them by the British government, some in the City are unhappy that we are allowing a relatively unknown Spanish bank to take over a British one. Read More
The Guardian newspaper announced this week the appointment of Katharine Viner as its editor-in-chief, replacing Alan Rusbridger. She will be the first woman to lead the newspaper in its almost 200-year history. Read More
As mentioned last week, Jeremy Clarkson, the lead presenter of Top Gear has been suspended from the show, dividing the nation into "ClarksONs" and "ClarksOFFs". The ClarksONs have been out in force though; millions of viewers have shown their support in the form of a petition that demands he is rehired. If that wasn't enough, they delivered the petition to the BBC today in a tank! Read More