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UK inflation, currently at 5 percent, is hitting those aged between 45 and 65 known as the baby boomer generation hardest, a new report has found.
It is perfectly obvious that the euro zone cannot run as it is without fiscal union and a surrender of sovereignty, Lord Digby Jones, former director general at the Confederation of British Industry told CNBC Monday.
As the European debt crisis threatens to engulf even France along with Italy and Spain, Bernard Connolly's longstanding proposition that a common currency for the region would end in ruin is getting a wider hearing.
Occupy London Stock Exchange demonstrators announced on Friday they had “repossessed” a building belonging to Swiss investment bank UBS in Hackney East London.
As investors’ fears mount that many euro area nations are about to tip into recession, even countries like creditworthy France are finding it much more expensive to borrow money in the open market, the New York Times reports.
German frustration over Britain’s approach to the euro zone crisis erupted on Tuesday after a close ally of Angela Merkel accused the UK of selfishness just days before a meeting between the two countries’ leaders in Berlin, the FT reports.
The City of London Corporation - the executive body representing the district in the UK’s capital - has re-launched its legal bid to evict protestors who have been encamped around St Paul’s Cathedral since October 15 after saying that negotiations with the protestors had collapsed.
Young people struggling to find a job should consider starting their own businesses, Barclays Capital co-CEO, Rich Ricci, told CNBC last week.
Workers claiming state help with childcare and housing costs will be expected to seek longer hours, or risk sanctions that could include loss of benefits or a requirement to undergo training, in a radical shift in Britain’s welfare system, the Financial Times reports.
As the bets that European banks made on United States mortgage investments went bust a few years ago, bankers piled into what they saw as a safe refuge: bonds issued by countries in Europe’s seemingly ironclad monetary union. The NYT reports.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.
James Murdoch repeatedly insisted in front of British MPs Thursday that he did not know that phone-hacking at the News of the World went beyond a few rogue reporters.
It was supposed to be a “day of rage” as students protested against increases in university tuition fees that are going to triple to as much as 9,000 pounds ($14,360) a year -- and the financial system which they see as responsible for robbing them of their future.
British MPs took the step of interviewing Revenue & Customs’ top lawyer under oath as a row over an alleged “sweetheart” tax deal offered to Goldman Sachs intensified, the FT reports.
European and U.S. inflation will rise in the medium- to long-term, according to Berdibek Ahmedov, manager for European and UK real return products at Pacific Investment Management Company (Pimco).
George Osborne is looking at options to cut billions of pounds from next year’s benefits bill by scrapping inflation-linked rises, in a move that could trigger a fierce cabinet clash, according to the FT.
As the euro zone lurches from summit to summit, disgruntled Eurosceptics in the UK are becoming more visible.
António Horta-Osório, the chief executive of Lloyds Banking Group who joined the part-nationalised lender at the beginning of the year, is poised to step back from his role as chief executive due to health reasons, according to senior executives. The FT reports.
The City of London Corporation joined St Paul’s Cathedral on Tuesday in suspending legal action against a group of protestors camped by the side of the cathedral.
The standoff between Occupy London Stock Exchange protestors, the Corporation of London and St Paul's Cathedral took another dramatic turn Monday afternoon as the Dean of St Paul's, the Right Reverend Graeme Knowles, resigned over his handling of the protests.