British Prime Minister began his campaign to persuade EU leaders to make changes to the European Union before he holds a referendum.» Read More
A lion, with 22,000 followers on twitter, is reportedly on the loose in the county of Essex to the east of London. With police marksmen and helicopters hunting for the large cat in the Clacton area of Essex, local residents have been warned to stay inside until the animal is caught.
UK banks are facing a crisis of confidence – according to recent polls, they are less popular and trusted than politicians or tabloid journalists.
Spain expects to use about 60 billion euros, or $75 billion, of the 100 billion euros of bank rescue financing offered by European finance ministers in June, according to the Spanish economy minister, Luis de Guindos, the NYT reports.
The U.S. may enjoy the privilege of printing the world’s reserve currency, but the UK currently enjoys lower government borrowing costs – and by the widest margin in almost six years. The FT reports.
The U.K. faces a risk to its current triple-A rating, if the government steers away from its planned austerity drive, David Riley, Head of Global Sovereign Ratings at Fitch Ratings has told CNBC.
The NHS is to sell its brand around the world as part of a new venture to make the service more commercial and reinvest the profits in Britain’s national health system, the Financial Times reports.
New research suggests that a shortage of homes is causing house prices to soar in the U.K., with properties in England rising by 94 percent over the last decade and analysts warn that more needs to be done to stimulate house building to keep prices in check.
In times of a growing euro zone debt crisis, and tightening financial regulation, London has to keep up its competitiveness, Chris Cummings, CEO of TheCityUK, told CNBC.
The U.K. economy has got economists all a-flutter with a series of confusing data, causing more criticism of the coalition government’s policies as it prepares for a high-profile job swap.
Standard Chartered’s $340 million settlement with the U.S. regulator which accused it of illegal transactions with Iran has bolstered its share price, but questions over its management and how much more it will have to pay in fines remain.
The insurance industry is seeing strong growth in Asia and the only limiting factor is product distribution, according to Prudential CEO Tidjane Thiam.
Crowdfunding, the financing of projects by multiple lenders via the internet, experienced record breaking customer numbers and lending in Britain last month helped by a series of public relations disasters for major U.K. banks.
From the moment in that London trumped Paris by four votes in the contest to host the 2012 Olympics, France has seethed at their neighbors and historical adversaries.
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The U.K. is not renowned for its smooth relationship with its European partners and, like the end of a tempestuous love affair where both partners have tried their best to accommodate the others’ demands, the relationship could finally hit the rocks with Britain leaving the EU for good, according to a report by Nomura.
Is the Olympic effect enough to turn GDP positive for the whole year? This will depend on the feel-good effect that arises after the games are over, writes Moorad Choudhry.
Standard Chartered’s share price, which lost close to a fifth of its value in early trading Tuesday after news of U.S. regulators’ allegations that it helped Iran launder up to $250 billion broke, may not be the only victim of the accusations.
After a week of unusually quiet streets, idling cabs and easily navigated shops, fears of the Gridlock Games have transformed into complaints about the Ghost Town Olympics.
The Bank of England’s (BoE) Monetary Policy Committee meets on Thursday to discuss interest rates, amid calls for the base rate to be cut from 0.5 percent to 0.25 percent. Moorad Choudhry tells us why further rate cuts or quantitative easing won't help turn around the U.K. economy.
For those who can afford the $1,600 fare, getting to the Olympics means a quick ride on a yacht up the Thames.