Instead, I'll pay for part of it by implementing the cost saving measures I outlined in May.

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The UKBA is due to lose 5, 000 posts by 2015 as part of government cost-saving measures.

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The report suggests a number of cost-saving measures, including a cut of 772 in the trust's workforce to 3, 907.

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David O'Connor, Association of Scottish Police Superintendents president, said similar cost-saving measures should be considered for councils, health boards and sheriffdoms.

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Similar cost-saving measures could be adopted in other parts of Europe, where licence conditions allow or regulators can be persuaded to be lenient.

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The FIA has also agreed to allow Formula One teams to equalise engine performance across the field for 2009, pending the introduction of cost-saving measures from 2010.

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The final building work is taking place following the news that the Don Valley Stadium in Sheffield, where Olympic heptathlon champion Jessica Ennis trained, is to be demolished as part of council-approved cost-saving measures.

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Consumers in these brackets are increasingly using cost-saving measures to save up as they face rising gas and grocery prices, as well as perceptions of increased instability in the job market, according to a recent study by SymphonyIRI Group.

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For now Moynihan is clearly banking on cost-saving measures associated with mass layoffs to help convince stock market investors that Bank of America is headed in the right direction and can deal with the current low-interest rate environment, mortgage-related legacy issues and new international banking capital requirements that Moynihan said were the biggest challenges facing his bank.

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