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RBS bail-out plan is approved

Royal Bank of Scotland shareholders approved the planShareholders in Royal Bank of Scotland approved a £20 billion bail-out plan which could put nearly 60% of the company in public hands.

At a general meeting of the RBS Group in Edinburgh, shareholders voted 99.28% in favour of the proposal, which will see the bank offer £15 billion in new ordinary shares, with the Government promising to buy up any remaining.

(20/11/2008) Read More More on this story



Speeding plan 'too little and late'

Phil and Amanda Peak with their sons who were killed in a motorway crashThe family of two boys killed by ex-Plymouth goalkeeper Luke McCormick in a crash on the M6 said measures to crack down on speeding motorists and drink-and-drug drivers were too little, too late.

Phil and Amanda Peak lost their sons Arron, 10, and Ben, eight, after McCormick's Range Rover hit their people carrier on the motorway near Stoke-on-Trent in June. McCormick is serving a seven-year sentence after admitting causing death by dangerous driving and drink-driving.

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Baby P review will not be released

Mr Balls confirmed that national inspectors will report on December 1The Government has refused to release a detailed report into the mistakes made by authorities in the Baby P case.

A serious case review was carried out after the little boy died in a blood-splattered cot in Haringey, north London, in August last year.

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Policeman on BNP list is suspended

Merseyside Police says it has suspended the officerA serving police officer included in a list of British National Party members leaked on an internet blog has been suspended from duty, police said.

Pc Steve Bettley, of Merseyside Police, returned early from a holiday abroad to help the force with an investigation into his alleged involvement with the far right party.

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Firms announce major job cuts

BAE Systems announced the loss of up to 200 jobs in the UKTop UK firms joined the growing list of companies cutting jobs as hundreds of losses were announced and fears were expressed of further redundancies.

Almost 600 cuts were announced in the defence, aerospace and drug industries, some as part of wider global job losses running into thousands.

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JobCentre closures to be reviewed

A review to be carried out of JobCentre Plus closuresThere were calls for the Government to halt its JobCentre closure programme, after a minister said he was reviewing it in the light of the economic crisis.

Employment minister Tony McNulty told Westminster reporters it was a "no-brainer" to look again at the scaling back of the network of JobCentre Plus offices at a time of rising unemployment.

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Mortgage lending increases by 7%

There has been a seven per cent increase in mortgage lendingMortgage lending rose by nearly 7% during October but it remained well down on 12 months ago, figures show.

A total of £18.7 billion was advanced during the month, compared with just £17.5 billion during a "weak" September, the Council of Mortgage Lenders said.

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Tanker owners in talks with pirates

David Miliband said Britain would not pay ransoms for hostages held by piratesThe Saudi owners of the Sirius Star are reportedly negotiating with pirate hijackers despite pleas from British and Saudi governments not to pay the ransom.

Chief engineer Peter French, from County Durham, and second officer James Grady, from Strathclyde are among 25 people being held on the ship.

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Pre-Christmas sales entice shoppers

Shoppers walk past sale signs in Marks & Spencer on Oxford Street, LondonConsumers ventured back to the high street as major retailers slashed prices in a pre-Christmas bid to breathe life into the ailing market.

Marks & Spencer stores were inundated with customers cashing in on a 24-hour 20%-off sale - the retailer's biggest one-day promotion for four years.

(20/11/2008) Read More More on this story



Accused 'took girl on park trips'

Michael Donovan, 40, denies kidnap and false imprisonmentThe man accused of kidnapping Shannon Matthews told police he took the schoolgirl on trips to the park, a court heard.

Michael Donovan told police officers he drove the nine-year-old girl to the supermarket and took her to local parks. He described how she would sit in the back of his car with her pink coat on and hood up, Leeds Crown Court was told. Donovan also took her for a drive in his car "to give her some fresh air", the jury heard.

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