The UK’s opposition finance spokesman Ed Balls called on the government to provide a credible policy to encourage economic growth telling delegates at the Labour party’s annual conference the coalition government’s austerity plan “just wasn’t working”.
The Bank of England (BoE) held interest rates on Thursday at their current historic low of 0.5 percent after weaker than expected gross domestic product (GDP) figures last week effectively killed off any hope of a rate rise this year.
he News of the World phone hacking scandal heaped further pressure on the British Prime Minister, David Cameron, on Monday as more questions were raised about his appointment of the paper's former editor Andy Coulson as his director of communications.
The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.
The UK’s Prime Minister, David Cameron, is coming under increasing pressure to reshuffle his cabinet just days after returning to work from a two-week break.
The International Monetary Fund (IMF) has cut its growth forecast for the UK economy to 1.5 percent for 2011, but has said it continues to support the coalition government’s spending cuts.
The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.
The Bank of England (BoE) was warned by the British Chambers of Commerce (BCC) on Monday that raising interest rates before November risked damaging the recovery of the UK economy.
The UK’s business secretary Vince Cable has warned Britain’s banks they could face new taxes if they fail to meet lending targets for small businesses under the government Project Merlin agreement.
Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.
UK Prime Minister David Cameron ruled out any bid by former Prime Minister Gordon Brown to take the top job at the International Monetary Fund (IMF) on Tuesday, saying Brown was in denial about the economic crisis.
In 2009, as the financial crisis entered its darkest days, G20 leaders descended on London for a meeting aimed at bringing the world economy back from the brink.
Like more than 90 percent of the population, I won't be changing my bank however rude they are to me on a Saturday morning. The work it would entail for the pay-off is too small. Bob Diamond, Stuart Gulliver and Peter Sands, on the other hand, may find they can get more out of changing countries.
Click to see international political scandals that raised eyebrows and kept the tabloids in wide circulation.
With government deficits in Britain second in Europe only to those in Greece, whoever wins Thursday’s general election will be forced to make deep and unpopular cuts, the New York Times reports.
Simon Cowell, the man who made millions from being the front man of American Idol and the X-Factor, has intervened in the UK election race just 24 hours before Britain goes to the polls.
With two days to go before the UK election analysts at Bank of New York Mellon have found that David Cameron's opposition Conservative Party is ever more likely to form a majority government, albeit with a very small majority.
The third and final TV debate between PM candidates is over but none of the three spoke about the hidden issue that will define the UK economy over the long term.
Investors in UK bonds and securities are preparing to navigate unfamiliar territory, with the likelihood that the May 6 national election will not result in a clear winner.
The worst outcome for the UK election – a hung parliament – has already been priced in, and some analysts forecast the pound could appreciate by up to 15 percent after the May 6 vote.