• You will hear five short recordings. • For each recording, decide what the speaker is talking about. • Write one letter (A--H)

Man: The big news this year without doubt has been the reallocation of resources within the company. Some departments now have much less to spend and have had to lose a considerable number of staff but others are expanding at great speed and are recruiting new people almost every week. As you can imagine, it’s caused a lot of unhappiness in some departments.

Woman: It would have made a great difference to next year’s budget. We would be able to afford a significant increase in the wage bill, even create some new positions, but now things aren’t looking so good. It’s hard to believe they decided to cancel. They were so keen on our product initially.