Inflation is potentially going to continue increasing, and Britain is anticipated to see more controlling measures, like an increase in retail prices of fuel, in the close future, according to a report by Barclays, the British banking giant.  Barclays Wealth Research said that the upward push of pressure on inflation will probably continue during the year, mainly due to the rising price of food and increased price of oil.

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Barclays may be cutting back 500 employees in their office staff as they have made the decision not to renew their contract for business process outsourcing with Siemens.  The current contract that Barclays has with Siemens has been in effect since 2000 and will be running out come the end of September.  As of right now, Siemens is managing the retail banking back office of Barclay from 2 locations, Beeston and Glasgow, under a contract worth millions of pounds.
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