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1) Credit crisis could cost 11,000 city jobs
Author:
Isla Campbell
Category:
Finance
The current credit global crisis could cost the UK's financial services industry up to 11,000 jobs, as consumer and business confidence rapidly declines, warns the CBI.
It points to a recent survey carried out by accountancy firm Price Coopers Waterhouse that questioned 79 firms operating in the financial services sector. A whopping 97 per cent of those questioned said they believed that conditions would worsen during the financial year starting April 2008. In addition, nine out of ten of th...
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