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It is nice report good news a last with GM deciding not to sell off its GM Europe that means that they will keep the UK Vauxhall operation open.

Because of an upturn in business, GM is now able to keep hold of its European arm. Previously they were being forced to sell her off after the US company being saved from bankruptcy by the American taxpayer. They obviously could not justify using American taxpayers money to help save European jobs.

Now though with business on the up they can keep hold of both Opel and Vauxhall. This has made them very unpopular for pulling out of the deal so late in the game but they had never really wanted to sell them off in the first place.

This is great news for UK business that will hopefully help instil more confidence in the UK market and engineering sectors.   

Amazingly, the public Sectors told to save £370million by Christmas whilst the Government is giving a further £25.5billion of tax payers money to Lloyds & RBS.

Has this government gone mad? They tell us the tax payer won’t lose out when they bailout the failing banks but then they tell public sectors, the only area we really get any of our money back, to cut costs by £370million by Christmas.

Leading figures from the Public Sector have said they may have to take drastic action to balance their books in line with this new target and we all know what “drastic action” means you, me and their staff all suffer whilst the banks promise not to give bonuses to staff with wages over £39,000 a year.

Is it just me or is all this madness? We can bailout the banks that put us in the recession but we can’t find the cash to look after the doctors and nurses, the ambulance and fire services, the police and all the public sector employees that work to keep us safe well and the UK functioning as it should.

Take that £25.5billion and put it into the public sector and force the banks to cut wages, get rid of risky asset and investments banking divisions, streamline them back to raw banking functions with their wings clipped from making risky decisions.