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Nov 9 2020, 07:20 GMT
The reduction in full-time equivalent (FTE) follows significant investment in the last number of years, providing the basis for a more efficient organisation. The scale of staff reduction implies some upside to our forecasts in 2022. Following the recent successful deleveraging of the interest-only buy-to-let portfolio, moves to reduce costs will be welcomed.
Nov 9 2020, 07:20 GMT