The U.K. government is to introduce a new levy on foreign homebuyers, raising concerns that this could put the brakes on London's property market.» Read More
The financial services industry must be allowed to breathe in order to avoid a mass exodus out of London, Lord Levene, former chairman of Lloyd's of London, told CNBC.
George Osborne should drop the 50p top rate of income tax “at the earliest opportunity” to boost growth, according to 20 high-profile economists writing in the FT.
With the financial system facing renewed stress and global growth faltering economists at Goldman Sachs are predicting Britain will embark on a second round of quantitative easing in the coming months.
The austerity measures implemented by British finance minister George Osborne risk pushing the UK economy into recession, Bill Gross, the manager of PIMCO, said in an interview with the Times newspaper.
The British Chamber of Commerce cut its growth forecasts for the UK for this year and next and said the weaker-than-predicted economy means interest rates will have to stay low longer than expected.
Almost no one outside the sponsor (the World Gold Council) has ever seen the gold in the world's largest vault — until now.
Gold Bullion International's CEO explains the advantages. "When you own a real asset, there's no counterparty risk between you and the real asset," he says
The UK proposal to ring-fence investment banking from retail banking, which is currently under consideration by the Independent Commission on Banking, is "barking mad ", John Cridland, director general of the Confederation of British Industry, told CNBC.
What is it about gold that makes people so passionate, crazy, paranoid? Our special report answers that question and more. We'll take you to mines in South Africa, gold bank vaults in London, trading pits in New York and the shop floor of a huge gold-jewelry manufacturer in Louisiana.
The car insurance market in the UK is incredibly competitive, and in 2010 it recorded the worst results ever. That competition has been made more severe because almost 60 percent of people now buy their car insurance on price comparison sites," David Stevens, the COO of UK insurer Admiral, told CNBC during a discussion about the firm's earnings.
UK households saw their finances deteriorate faster than during the height of the recession in 2009 in August, a survey showed on Monday, in a sign that the economic recovery remains fragile in the country as prices rise and incomes fall.
Traders in the City of London, one of the financial districts of the UK capital, see a market environment where trust has all but evaporated and the best course of action is often to do absolutely nothing.
The Metropolitan Police arrested another suspect as part of their investigations into phone hacking at the now closed News of the World newspaper, London's Metropolitan police said on Thursday.
"The fact that it was a nine nil vote was not a surprise¿¿. but the fact that it came before the market turbulence was and it raises the possibility of further quantitative easing (QE)," James Ashley, senior economist at RBC Capital Markets told CNBC. But he added that the economic environment was different to that of 2009 and suggested that more QE remained "unlikely."
The travails of the Murdoch family over the phone-hacking scandal at their UK newspaper empire are far from over.
Stocks are poised to open sharply lower on worries over Europe's debt crisis, with the "Squawk on the Street" team.
The UK's Financial Services Authority yesterday issued the largest ever fine to an individual for market abuse and other offenses, imposing a penalty of 2 million pounds ($3.3 million) on Dutch hedge fund manager Michiel Visser.
Asking prices for residential property in England and Wales showed their first year-on-year fall since September 2009, property marketing company Rightmove said on Monday.
London-based hedge fund Derwent Capital Markets, dubbed “The Twitter Fund” because it uses tweets to help it predict market activity, turned in positive returns in its first official month of trading.
"What people tend to forget, when they see media images of streets burning in London, is that these are a series of isolated incidents in a big city," Hugh Robertson, UK Minister for Sports & the Olympics, told CNBC.