Rolling coverage of the latest economic and financial news, as French GDP accelerates, and HSBC announces CEO’s retirement
Hungary has returned to growth, in an encouraging sign for Eastern Europe’s economy.
Hungary’s gross domestic product grew by 0.8% in the first quarter of this year, new data shows, having previously stagnated with 0% growth in the last quarter of 2023.
The plan we are announcing today will result in the reduction of around 1,500 roles out of a total UK workforce of 37,000.
While these plans are still subject to consultation, we will seek to find alternative opportunities wherever possible through the roles created by this plan and our existing recruitment process that makes c.15,000 hires each year.
