With inflation running at around 4 per cent, ministers will regard this as a cutback in all but name. |
Consumers could start to save more of their income in an effort to make up for stock losses, causing a cutback in spending. |
What was the rationale behind the ludicrous decision to cutback on these schemes? |
The cutback was in line with the March 1999 agreement among OPEC member countries to curb oil production for a period of one year. |
Two newspapers were banned recently or at least one has had its circulation cutback from a weekly to a bimonthly and another banned completely. |
These investors have been badly hit by the cutback in policy values and have lost substantial sums of money. |