FT.com - Mervyn King prepared the ground for another cut in UK interest rates saying the British economy faced its greatest challenges in a decade, but signalling that the Bank of England would not engage in dramatic reductions of the kind announced by the Fed on Tuesday.

View of the day: European equities (FT.com)
FT.com - The stage is set for a bear market rally in European stocks, believes Teun Draaisma, head of European equity strategy at Morgan Stanley (AMEX:MWD).
o A discontinuance package softens the blow of the dismissal and lowers employee's anger. o Using firm's computer, copier and other assets in an unlawful scheme. o Consent to hire firm's employees at new job (especially trusted lieutenants). Sample Employee dismissal Notices. Tactful language and allowing the worker to leave the business with dignity in front of co-personnel are important. This is especially true if the worker senses imminent lay off in his or her future. The jobholder is probably in denial about his circumstances. Post-layoff Processes: There may be several different post-layoff methods that go with dimissing a worker during the firm reorganization.

Therefore you should know how to terminate an at will worker appropriately to limit your legal liability. When you draft the sample memorandum of layoff for a worker remember to keep it strictly firm. Within this section, you should state that this final incident has left you with no other choice than to lay off this jobholder. Your safest policy is to only confirm the employee worked for the firm and the dates of employment. This leaves the employer at the losing end and that costs time, money and productivity. This could include files showing illegal and wrongful schemes or a history of going to porn sites. The second termination notice sample is more flexible for addressing all kinds of dismissals.