Money: Obama’s Budget – 2nd Feb 10

President Obama’s new budget sets two goals that may be irreconcilable, with a new round of cuts to create desperately needed jobs, and deficit reduction to return to fiscal austerity. Shell release their fourth quarter results today, which will indicate what their annual results which out on Thursday will look like. Also, the Unite union goes to the High Court today to try and get BA’s cabin crew changes overturned, as they say they were not consulted properly. Finally, the Motorcycle Industry Association is meeting ministers on Tuesday, to discuss the possibility of a new scrappage scheme similar to the car initiative.

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