warned today that it made a loss of nearly £7 billion last year. that is three times more than the loss they made the year before. our business editor simonjack takes a look at what s happening at rbs. a decade of losses. 2008 was the big one. since then, billions of losses year on year. it was £7 billion. £58 billion in for the ninth time in a row, fines and compensation for sins of the past have laid waste to any profits made, and further cost cutting could mean thousands of job losses. there will be job losses. i have not put a number out and i won t. my view is, always talk to our people first where they are affected. there will be job cuts in this organisation. there has to be, given that over the next four years we will take £2 billion of costs out of this organisation to reshape it to be a really good bank. but that is not going to happen quite yet. you will eventually see a coherent uk retail and commercial bank arising out of the ashes. but we re still a long, lo
chilly across north east scotland. most other places frost free. into tomorrow, the rain sinks south across northern ireland and scotland, setting in again across north west england and wales. to the south east, a fair amount of cloud, some brighter glimpses at times, and brightening up eventually across northern ireland and northern scotland, with some sunshine and heavy, blustery showers as things begin to cool off by the end of the day. another mild day across the south east. a mild day for man utd against southampton, perhaps some patchy rain at times. into monday, a weather front swings south and eastwards, and behind it some sunshine, blustery showers with hail and thunder. it will start to feel a bit cooler. hello, this is bbc news. the headlines: the former labour foreign secretary david miliband has said the party is at its weakest for 50 years. jeremy corbyn‘s allies says negative interventions aren t helping the party. several major news organisations have been e
of the lake district, grasmere island was left to the trust by its former owner in her will. dave guest has been for a visit. it is small but beautifully formed. grasmere island lies at the heart of the lake district. wordsworth is said to have picnics here, frequently. but back in 1893, it was put up for sale, and the thought of the spot becoming private property at reached local clergymen, canon hardwicke rawnsley. he needed access to nature. the journey to grasmere island is an idyllic experience in itself. back in 1893, the new owner decided to make a few additions which did not go down well with the locals. he put up a flagpole, it and planted some cherie, which caused indignation. a respectful letter was written to ask him to consider his changes. the reply was blunt. he said that if people were so concerned, they would have bought it themselves. i think that is the whole issue that canon hardwicke rawnsley was concerned about, that pa rt rawnsley was concerned about, t
the living standards of every single working person in this country, from 2010 to 2015. in some ways we should not be surprised what the tories have done. they are tories, after all. their central purpose is to represent the owners and not the workers, the few and not the many. the snp tries at westminster to paint itself as progressive. but in many ways they are just like the lib dems. they talk left in opposition but when in power they go right. the failure of the snp government to use the powers of the scottish parliament, the choices they have made and their failure parliament, the choices they have made and theirfailure in parliament, the choices they have made and their failure in some policy areas reveals so much about them. it reveals a party intent on stoking grievance politics and blaming others for their own mistakes, because they have taken their eye off the ball. 0nly mistakes, because they have taken their eye off the ball. only a year ago we were told by the fi