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business cuts costs illustration

London City real estate meltdown and rationalisation business illustration. Facing huge deficits and a monumental struggle to balance their books the capitals financial organisations take decisions to make root and branch cuts in all departments. Including existing commerical property and new development projects. The scaling back of staffing and technological equipment are also bearing the brunt of the efforts to eleviate the effects of the 2008 global financial crash. After being bailed out by the tax payer it is necessary for the financial services sector to show they are willing to make hard decisions to as the whole country faces cuts to public services in what the government calls their austerity drive to reduce the deficit.

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