Friday, 27 January 2012

Harry's News

In Harry's news this week, the British clothing chain Peacocks has gone into administration as it could not pay back it's debts. The Peacocks group company had to sell itself to another company in order to pay back it's debts. The company manage to sell itself to the an European company called European Sun to help it to pay back it's debts.

In other news, alot of people are upset in Britain that the new RBS boss Stephen Hester is getting a big pay boost this year as the Royal bank of Scotland was one of the banks that cause the resussion for Britain and got Britain into alot of debt. Alot of people don't think he deseaves getting an pay boost for the trouble the bank has made and cause.

That's Harry's News.

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