United Kingdom


  • UK Budget: Top-Rate Tax Cuts, Job Initiatives Expected Wednesday, 21 Mar 2012 | 1:51 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    Chancellor of the Exchequer George Osborne is expected to strike a note of caution and keep the Treasury’s purse strings firmly closed in Wednesday’s Budget – despite the UK government’s borrowing figures coming in lower than expected.

  • UK’s Wealthy Cheered by Reported End to 50% Tax Sunday, 18 Mar 2012 | 9:03 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    UK businesses and Conservative politicians have been lobbying for an end to the 50 percent tax rate on income above 150,000 pounds ($235,500) a year since it was brought in two years ago.

  • Olympics Games, Royal Jubilee Boost London Hotels Friday, 16 Mar 2012 | 11:03 AM ET
    A detailed view of the prototype design of the new golden Olympic torch during its unveiling at St Pancras Station on June 8, 2011 in London, England. 8,000 torchbearers will carry the Olympic Flame around the UK during the 70-day relay, which starts at Land's End in Cornwall on May 19, 2012.

    London’s hotel sector will grow by 3.9 percent in 2012, with the London Olympics and the Queen’s diamond jubilee bolstering tourist demand, according to UK estate agency Savills.

  • StubHub Prepares for London Launch     Thursday, 15 Mar 2012 | 10:17 AM ET

    Sporting events and the secondary ticket market have proved to be lucrative for companies like StubHub. Insight on the company getting ready to launch operations in London, with Chris Tsakalakis, Stubhub president.

  • Regulations Could Make Insurers Flee UK: Analyst Wednesday, 14 Mar 2012 | 6:13 AM ET

    The potential relocation of UK insurers away from Britain will turn “from a trickle into a flood,” says one analyst. Craig Scarr, Head of Insurance at accountancy firm Mazars warned that something needs to be done to stem the threat of new European capital rules, known as Solvency II.

  • UK Chancellor Looks at 100-Year Gilt Wednesday, 14 Mar 2012 | 4:16 AM ET
    George Osborne

    The UK chancellor aims to launch an “Osborne bond”—a 100-year debt issue or even a perpetual gilt that never matures—to take advantage of the country’s historically low interest rates, the Financial Times reports.

  • Brooks, 5 Others Arrested in Phone-Hacking Probe Tuesday, 13 Mar 2012 | 8:12 AM ET
    Rebekah Brooks

    British police investigating the systematic hacking of mobile phones to generate stories at a Rupert Murdoch tabloid arrested six people - believed to include former Murdoch editor Rebekah Brooks and her husband - on Tuesday in dawn raids across the country.

  • Prudential Loves London; Brussels, Not So Much Tuesday, 13 Mar 2012 | 6:42 AM ET

    The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.

  • Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.

  • An Architect of a Deal Sees Greece as a Model Wednesday, 7 Mar 2012 | 11:17 AM ET
    European Bank Note

    A lead adviser to Greece on its debt deal,  Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.

  • 'Anonymous' Hacker Turns FBI Informant Wednesday, 7 Mar 2012 | 5:07 AM ET
    Hand using mouse with laptop

    Federal prosecutors have charged six alleged members of the Anonymous “hacktivist” group with conspiracy and computer hacking-related crimes after it emerged that an alleged leading member of the collective had turned informant of the Federal Bureau of Investigation, the Financial Times Reports.

  • Regulators Consider Libor Overhaul Tuesday, 6 Mar 2012 | 4:29 AM ET

    UK regulators and global banks are discussing a potentially far-reaching overhaul of the calculation and regulation of interbank lending rates, amid claims that the benchmark for $350 trillion contracts worldwide may have been subject to manipulation.  The FT reports

  • European shares were down on Monday due to concerns about the Greece debt swap deal, China's 2012 growth target, and Spain and Italy's struggling economies. However a strong performance from BP, after its lower-than-expected oil spill settlement, helped the FTSE 100 outperform.

  • U.S. stock futures pointed to a lower open for Wall Street on Monday, with concerns focused on China's lower-than-expected 2012 growth target, and tension in the Middle East.

  • 50% Tax Rate Meets Growing Opposition in UK Friday, 2 Mar 2012 | 8:42 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The 50 percent tax rate paid by the UK’s highest earners has come under renewed attack by business groups as Chancellor of the Exchequer George Osborne prepares for the nation’s budget later in March.

  • CNBC's Ross Westgate has a roundup of major European markets, pointing out that bond yields are falling on Spanish and Italian debt.

  • Could Drought Hamper Olympics? Friday, 2 Mar 2012 | 6:09 AM ET

    Concerns have arisen about water supply and possible restrictions to water usage to the London region as the Olympics get underway this summer after the government declared the region was officially suffering from a drought.

  • James Murdoch Resigns as News International Chairman Wednesday, 29 Feb 2012 | 9:29 AM ET
    James Murdoch, son of Rupert Murdoch and Chairman and Chief Executive of News Corporation, Europe and Asia.

    James Murdoch resigned from his post as Executive Chairman of News International, the UK publishing unit of News Corporation, the company announced in a statement on Wednesday.

  • U.S. stock index futures pointed to a higher open on Wall Street on Wednesday, after a higher-than-expected take up of the European Central Bank's second long-term refinancing operation. European banks bought 529.5 billion euros ($713 billion) of the cheap loans. European stocks rose on Wednesday morning, as investors bet that a second wad of cheap, long-term funds from the European Central Bank would further ease tension in the banking sector and boost confidence in the wider market.

  • US markets are poised to open higher with the Dow Jones 28 points to the upside. European stocks climbed early on Wednesday, keeping their 2-1/2 month rally alive as investors bet the European Central Bank's new funding operation will ease tensions in the banking sector and boost appetite for risky assets such as equities. Asian stocks ended mostly higher for the same reason.