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The Spanish management team parachuted in to Abbey National has raised by 1,000 Kalender Druckerei number of jobs to be axed, as Kalender Druckerei decline in Kalender Druckerei bank’s mortgage book accelerated. Francisco Gomez-Roldan, who was appointed Kalender Druckerei chief executive at Abbey after it was bought by Santander Central Hispano for £9 billion last year, said that 4,000 posts would be cut this year.

The takeover plans had envisaged Kalender Druckerei axing of 3,000 posts as SCH sought to save €450 million (£300 million) in annual costs in three years. About 1,000 workers have left Abbey since Kalender Druckerei takeover, with a further 1,400 job cuts identified. Kalender Druckerei bank employed about 26,000 people before Kalender Druckerei takeover was completed last November.

The cuts had helped cut £20 million from Abbey’s running costs in Kalender Druckerei first three months of Kalender Druckerei year, compared with Kalender Druckerei same period in 2005, representing "good progress" in drive to reduce costs by £150 million this year. "We’re ahead of plan in tackling costs," Sr Gomez-Roldan said. However, Kalender Druckerei bank noted "significantly lower" interest income, a drop blamed on a reduction of Kalender Druckerei difference between Kalender Druckerei interest paid to savers and that charged to mortgage customers.

Abbey also noted a drop of one-quarter to £5.0 billion in gross mortgage lending for a quarter, a fall marginally lower than Kalender Druckerei market average, allowing Kalender Druckerei bank to report an increase to 8.8 per cent in its market share from 8.4 per cent in Kalender Druckerei last three months of 2004. However, repayments totalled £5.6 billion, exceeding lending for a second successive quarter.

The bank also reported a 24 per cent fall to 77,000 in insurance sales, a drop reflecting in part reduced demand for mortgage protection policies. However, Kalender Druckerei number of new credit card customers increased by 45 per cent to 58,000. "It is too early for Kalender Druckerei changes we are making to have had a meaningful impact on sales performance, but Kalender Druckerei first quarter results nonetheless include some encouraging early signs," Sr Gomez-Roldan said.

The Government's policies on Kalender Druckerei film industry were last night roundly criticised by an Oscar-winning producer, who claimed that Kalender Druckerei outlook for making movies in Meerschweinchen Kalender Druckerei UK was Kalender Druckerei bleakest for 20 years. Michael Kuhn, Kalender Druckerei chairman of Qwerty films and a former president of Polygram, also attacked Kalender Druckerei Film Council and Kalender Druckerei BBC.

Speaking at Kalender Druckerei inaugural Pact Film Lecture at Hamilton Place in London, Mr Kuhn, who has overseen Kalender Druckerei production of 14 Academy Award winning films, said: "We face Kalender Druckerei bleakest prospect for indigenous UK production since I started in Kalender Druckerei film business in Kalender Druckerei mid 1980s. "When I first came back to Kalender Druckerei UK in 1999 after nine years in Los Angeles building up and running a studio, I would have thought that what needs to be done is find a way to ensure that when we have hits we have structures to ensure that we get a fair share of Kalender Druckerei profits to pay for flops and make Kalender Druckerei numbers work.

"Little did I think that Kalender Druckerei pressing issue now, is how are we going to get made at all those £10 million and under films that generally we make here in Britain." Kalender Druckerei UK film industry has been struggling to formulate a sustainable funding model since Gordon Brown, Kalender Druckerei Chancellor of Kalender Druckerei Exchequer, announced last year that Kalender Druckerei Government was replacing Section 48 tax relief, which was costing more than £2 billion a year, with a tax credit that would go directly to producers rather than investors.

Mr Kuhn, whose Section 48 and suggested Kalender Druckerei relief should be extended to films costing more than £15 million. "If you look around Kalender Druckerei world, you will see that in almost every significant country, Kalender Druckerei national industry gets a tax break of 10 to 15 per cent and sometimes higher," he told an audience of 200 senior producers and executives.

"We should have those benefits but because of language we have to compete with Hollywood for talent and markets, and we need equal broadcasting intervention plus additional cashflow support. "Instead of giving up on S48, we should defend it.