Spot the profit: British accounts

Article Abstract:

New profit-and-loss accounts rules by Britain's Accounting Standards Board will provide strict definitions for profits, revenues and costs, and prevent the juggling of figures to brighten up financial reports. Some regulators and managers believe the new rules are confusing.

Laws, regulations and rules, Accounting, Financial statements

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Too much of a bad thing

Article Abstract:

The UK has a million long-term jobless people. This is demoralizing and costs taxpayers a great deal in unemployment benefits. The 'Restart' program for the chronically unemployed is ill funded and does not provide sufficient job training and placement assistance.

Unemployment

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Freshly squeezed: public-sector pay

Article Abstract:

Parliament has imposed a wage freeze upon itself in order to popularize its goal of 1.5% public sector wage increases. The political and economic consequences of such wage restraint derailed similar plans in 1984.

Compensation and benefits, Public employees, Government employees

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