In today's FT: Welfare cuts widen UK prosperity gap, Lagarde warns ...

If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/QM42II/DXLOQ6/7U1AH5/GKB29U/   In today's FT Thursday April 11 2013 Financial Times - UK Homepage   Welfare cuts widen UK prosperity gap Radical reform will take £19bn a year out of working-age social security between now and 2015, finds research for FT http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/LS0MTB/KI/h?a1=2013&a2=4&a3=10   Lagarde warns over three-speed world Speech highlights a new phase for global economy in which uneven pace of growth is creating new imbalances that could sow seeds of a future crisis http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/52J1DF/KI/h?a1=2013&a2=4&a3=10   Post Office to offer current accounts Move will greatly expand high street landmark's presence in financial services, on top of being a trusted savings provider, with holdings of £17bn http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/Z8YR5Z/KI/h?a1=2013&a2=4&a3=10   Financial Times - US homepage   Fed leaks rate-setting minutes to banks Rate-setting FOMC considers if a continued labour market improvement should prompt a QE slowdown 'at some point over the next several meetings' http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/SUMYCU/KI/h?a1=2013&a2=4&a3=10   Blankfein avoids vote but Dimon on the hook The JPMorgan chief executive and chairman will face a shareholder vote on whether he should lose one of his titles in the name of corporate governance http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/FDHCN8/KI/h?a1=2013&a2=4&a3=10   Windows 8 blamed as PC market tumbles 14% PC makers had hoped new Microsoft operating system would reignite market when it was introduced last October, but it has had opposite effect, says IDC http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/WHX9ZO/KI/h?a1=2013&a2=4&a3=10   Financial Times - Europe homepage   Cyprus to dive into its gold reserves First such sale by country seeking international assistance since Asian financial crisis, when Sth Korea asked public to donate jewellery to central bank http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/VTWQA0/KI/h?a1=2013&a2=4&a3=10   Hollande seeks to 'eradicate' tax havens French president promises new disclosure rules for banks and lawmakers. LVMH head Bernard Arnault withdraws request for Belgian citizenship http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/EKT0FZ/KI/h?a1=2013&a2=4&a3=10   US gains spill into Asian markets Most major markets advance as equity investors shrug off a slightly stronger yen and a hawkish bias to the latest Fed minutes http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/EKT0FO/KI/h?a1=2013&a2=4&a3=10   Financial Times - Asia homepage   KPMG affair highlights fight for change Investors trying to quantify the latest insider trading scandal are impeded by the absence of rules to name senior auditors in annual reports http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/87NHQM/KI/h?a1=2013&a2=4&a3=10   Chinese groups chastened by conflict zones Exposure in conflict zones has prompted the state-owned Chinese engineering group to become more conservative in choosing overseas projects http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/FDHCNB/KI/h?a1=2013&a2=4&a3=10   Obama challenges Republicans on budget The president's plan – worth $3.8tn in spending for the 2014 fiscal year – attempts to draw Republicans into a compromise to avoid a US debt default http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/9M3B9Z/KI/h?a1=2013&a2=4&a3=10   World News - latest world news headlines - FT.com   Qatar gives Egypt $3bn aid package Surprise deal adds to $5bn that kingdom has given Cairo since 2011 revolution ousted Mubarak: some Egyptians criticise undue Qatari influence http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/87NHEG/KI/h?a1=2013&a2=4&a3=10   BoJ deflation war begets curious results Unforeseen consequences from the central bank governor's 'new phase' of monetary easing reflect ongoing gyrations in Japan's government bond markets http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/MJC5H5/KI/h?a1=2013&a2=4&a3=10   US immigration reform nears tipping point With a bipartisan group of senators set to unveil their bill, advocates say it now looks inevitable that the immigration system will be overhauled http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/GYBV3T/KI/h?a1=2013&a2=4&a3=10   Cross-party group in US gun control deal A long-awaited deal expanding background checks for gun buyers has been crafted to win enough Republican support to pass in the Senate http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/HIG2UR/KI/h?a1=2013&a2=4&a3=10   Dutch recall beef over horsemeat concern Authorities order up to 50,000 tons to be traced through hundreds of suppliers across Europe, although much of it may have already been consumed http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/EKT0NF/KI/h?a1=2013&a2=4&a3=10   Companies news and analysis - FT.com   M&S chief under fire over sales Several of the retailer's biggest investors are seeking greater clarity on the chief's strategy to address concerns over trading in the clothing unit http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/VTWQ2W/KI/h?a1=2013&a2=4&a3=10   Trio in $11bn bid for Life Technologies Life Technologies board could decide on the auction's winner as early as the first half of next week http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/T15ICN/KI/h?a1=2013&a2=4&a3=10   KPMG leak recipient identified Why Scott London crossed the line into insider trading seems to be something that the father of two with an active civic life is still grappling with http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/OF2WGM/KI/h?a1=2013&a2=4&a3=10   All you need to know – about yourself Service to release intimate details about people's lives collected and analysed by Acxiom – such data are a gold mine in the digital age http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/9M3B9E/KI/h?a1=2013&a2=4&a3=10   Manhattan development attracts key occupants Set to cost $15bn, Hudson Yards is the largest privately funded office development in the US since the economic downturn http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/OF2W83/KI/h?a1=2013&a2=4&a3=10   Financial Times - Financial markets news   Shale boom sees WTI lose crown Surging production from unconventional fields has deposited a record high 50m barrels in tanks at Cushing, Oklahoma, depressing prices http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/B4U8S6/KI/h?a1=2013&a2=4&a3=10   Japan's monetary 'bazooka' hits bonds Volatility the result of investor uncertainty over the impact BoJ's mammoth monetary stimulus announced last week will have http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/YGDJ7K/KI/h?a1=2013&a2=4&a3=10   Copper miners forecast years of surplus Combined with moderating Chinese growth, the increase in mine supply has inspired many to bet that the commodity 'supercycle' is already over http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/YGDJM0/KI/h?a1=2013&a2=4&a3=10   Investors buy into US builder recovery Such is the current level of confidence that private builders are turning to equity capital markets for the first time in nearly a decade http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/K9O7TT/KI/h?a1=2013&a2=4&a3=10   EMs must respond to US industrial revival The shale gas 'revolution', a remarkable story, is already making the US more competitive, forging strong reindustrialisation http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/OF2WG0/KI/h?a1=2013&a2=4&a3=10   Financial Times - Comment   Television set for a revolution An upstart's fate could determine the future economics of the US content machine that feeds screens around the world, writes Andrew Edgecliffe-Johnson http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/PNAX89/KI/h?a1=2013&a2=4&a3=10   The perils of playing nuclear poker with a novice Someone will need to talk to North Korea to try to glean something about who on earth the world is dealing with, writes David Pilling http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/GYBV30/KI/h?a1=2013&a2=4&a3=10   Bank lending boost won't turn UK round Whitehall believes credit for small companies is crucial but they account for less than a 10th of business investment, writes Chris Giles http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/VTWQ2R/KI/h?a1=2013&a2=4&a3=10   Scapegoating Germany is easy but wrong European governments need to convince their citizens that fundamental changes are necessary and will be fruitful, writes Marcel Fratzscher http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/YGDJ7N/KI/h?a1=2013&a2=4&a3=10   The importance of not being Ernest I feel the one thing you're not supposed to about Thatcher: ambivalence. Britain needed to change – there are always winners and losers, writes John McDermott http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/VTWQAZ/KI/h?a1=2013&a2=4&a3=10   Financial Times - Management   Those we have loved and lost Rhymer Rigby looks at coping strategies for companies when facing a consumer backlash over the discontinuation of well-loved products http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/1OENW6/KI/h?a1=2013&a2=4&a3=10   Expat life succeeds if the kids are all right While parents may be prepared to make compromises when moving overseas, the wellbeing of their children is paramount, writes Michael Skapinker http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/EKT0F7/KI/h?a1=2013&a2=4&a3=10   Nice guys don't always finish last Andrew Hill reviews 'Give and Take: A Revolutionary Approach to Success', by Adam Grant, and admires its formula for post-financial crisis recovery http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/OF2W8P/KI/h?a1=2013&a2=4&a3=10   Design space: Quooker's three-way faucet The Dutch company created a tap that combines a standard hot-and-cold mixer tap with one that delivers boiling water, writes Clare Dowdy http://link.ft.com/r/QM42II/XBZX2I/IY8ZJL/L9KP83/9M3B9A/KI/h?a1=2013&a2=4&a3=10   Special Reports - FT.com The 50 Business Ideas Urban Demographics Investing in Japan Video Lex Welfare cuts: Blackpool takes stock Research reveals that the UK's north-east seaside resort of Blackpool will be hit hardest by welfare reform being implemented by the country's coalition government. Two community workers give their take on how the city and its people are coping with the changes. Tools Your account    Portfolio Email Briefings    Price alerts Keyword alerts    RSS feeds Subscribe to FT.com     © THE FINANCIAL TIMES LTD 2013 ABOUT THIS EMAIL You have received this email because you have signed up from the NBE preference page. FT.com Change Briefings  •   Unsubscribe  •   Change Email Address  •   Forward this email to a friend  •   Privacy Policy  •   About Us  •   Help This email was sent by or on behalf of a company owned by Pearson plc, registered office at 80 Strand, London WC2R 0RL. Registered in England and Wales with company number 53723..