News Headlines - 25 June 2012

▽Does the welfare system send a message that you're 'better off not working'? | guardian.co.uk

David Cameron is proposing a major overhaul of the welfare system, including scrapping housing benefits for under-25s. The prime minister commented that the system "currently sends the signal you are better off not working, or working less". Do you agree?

▽Britain needs more QE, says BoE's David Miles - Telegraph

Britain needs a "substantial" amount of further quantitative easing to jump-start its stalled economy, BoE policymaker David Miles said in an interview with the Financial Times.

▽BBC News - Scottish independence: Alistair Darling warns of 'no way back'

Former UK chancellor Alistair Darling has launched the bid to keep the Union, saying there will be no way back from Scottish independence.

▽Spain asks for aid to recapitalise banks - FT.com

Luis de Guindos, Spanish economy minister, on Monday formally requested assistance from the country’s eurozone partners to help recapitalise Spanish domestic banks.

▽Yahoo Japan Shares Fall on E-Mail Privacy Inquiry: Tokyo Mover

Yahoo Japan Corp. fell the most in three weeks in Tokyo trading as the government said it will question the company about plans to display advertisements based on the contents of users’ e-mail messages.