European tax revenue is meant to be used to stabilise plants in European locations, not to axe jobs.

Credit crunch forces local authorities to axe jobs

Aer Lingus to axe jobs and make pay cuts in downturn

Wales Sony to axe jobs

"The axe job you did in the Spectator on the television coverage of the Fall of the Great Thatcher was funny, very good."

It is in business, in companies, that jobs are created, and it is companies that axe jobs too.

Mr Ed Sweeney, Bifu's deputy general secretary, said yesterday: 'Both banks have been working on these cuts for months and then choose today to axe jobs.'

In a letter to Virgin Atlantic employees, he warned that unless he can get more flight slots out of Heathrow he may even be forced to axe jobs.