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  • Bank of England Minutes Suggest More QE Possible Wednesday, 21 Sep 2011 | 6:20 AM ET
    BOE_buses_200.jpg

    The Bank of England (BoE) considered a further round of quantitative easing to help boost the flagging UK economy, the latest minutes of its interest rate setting committee, the Monetary Policy Committee (MPC) showed on Wednesday.

  • UK Facing $18.8 Billion Public Finances Black Hole Monday, 19 Sep 2011 | 2:05 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    Ministers are set to be told this autumn that a £12 billion ($18.8 billion) black hole has opened in the public finances, in a forecast that threatens to derail the coalition’s deficit reduction strategy and prolong austerity well into the next parliament, reported the FT.

  • Chipping Away at Public Debt

    In the new book, the authors examine past attempts to re-establish sustainable public finances - what works, what doesn't and why.

  • Europe's Impossible Choice: The Greek Exit Paradox Friday, 16 Sep 2011 | 12:56 AM ET
    A man walks outside the Bank of Greece headquarters during a demonstation against government's austerity measures in central Athens.

    German Chancellor Angela Merkel and French President Nicolas Sarkozy have both said that Greece will not leave the euro, but the "unthinkable" is now being seriously considered at all levels.

  • Central Banks Provide Band-Aid for Europe's Ills Thursday, 15 Sep 2011 | 2:19 PM ET
    Euro bills and coins

    The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.

  • UK Trade Unions to Ballot Millions on Pensions Strike Wednesday, 14 Sep 2011 | 10:01 AM ET
    A protester holds up a smoke bomb during a mass demonstration against government financial cuts in central London, on March 26, 2011.

    Trade unions representing millions of public sector workers announced on Wednesday they would hold a strike ballot over pension reforms, raising the threat of mass walkouts later this year.

  • UK Finance Minister Faces Drug Allegations Monday, 12 Sep 2011 | 11:14 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    UK Finance Minister George Osborne faced controversy Monday as allegations resurfaced about him taking cocaine with a former madam.

  • UK Chancellor Opens Door to Quantitative Easing Monday, 12 Sep 2011 | 9:57 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The UK Chancellor, George Osborne, appeared to clear the path for a second round of quantitative easing (QE)  over the weekend, telling journalists at the G7 meeting in Marseilles, France, that he saw no barriers to such an action, if the Bank of England asked for it.

  • bank_vault_200.jpg

    The UK's banks should ring-fence their retail operations from riskier investment banking and increase their capital requirements beyond what is required by the Basel III directives, a much-anticipated report by the Independent Commission on Banking (ICB) said Monday.

  • UK Banks Eye £6 Billion Cost of Reforms Sunday, 11 Sep 2011 | 9:53 PM ET
    bank_vault_200.jpg

    Britain’s banks will face an annual bill of as much as £6 billion ($9.5 billion) to comply with the reforms of the Vickers Commission, according to the panel’s final report, published on Monday. The FT reports.

  • Is British Pound About to Get a Beating? Thursday, 8 Sep 2011 | 2:55 PM ET
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    With all the action on the Continent, the British pound has been out of the spotlight. It's time for a look — and you might not like it.

  • UK Should Be Rated A+, Not AAA: Danske Bank Thursday, 8 Sep 2011 | 8:43 AM ET
    Tower Bridge and City of London financial district

    The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.

  • Weekly Jobless Claims   Thursday, 8 Sep 2011 | 8:30 AM ET
    Weekly Jobless Claims

    CNBC's Rick Santelli weighs in on this weeks jobless claims and Steve Liesman shares the U.S. trade deficit numbers with exports higher and imports lower.

  • UK Should Be Rated A+, Not AAA: Danske Bank Thursday, 8 Sep 2011 | 7:16 AM ET
    Tower Bridge and City of London financial district

    The United Kingdom should lose its AAA credit rating and be cut by four notches to A+, according to analysts at Danske Bank in Copenhagen.

  • More Easing on the Way for the UK? Thursday, 8 Sep 2011 | 6:36 AM ET
    BOE_buses_200.jpg

    The call for further quantitative easing by business leaders in the UK to reboot the economy has divided analysts and commentators between those who fear it will create a bigger deficit and those who argue that it is needed to stave off another recession.

  • UK Heading For Downgrade: Analyst   Thursday, 8 Sep 2011 | 3:40 AM ET
    UK Heading For Downgrade: Analyst

    The UK's credit rating is four notches too high at present, and should be downgraded to A , John Hydeskov, senior analyst at Danskebank, told CNBC. The analyst predicted that the UK would be formally downgraded in 2012, as a result of falling real growth and rising national debt.

  • UK Consumers Worse Off Than 2009: Retail Chain Thursday, 8 Sep 2011 | 3:29 AM ET
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    Shoppers in the UK are in a worse place than during the last recession, the group finance director of one of the country's biggest supermarket chains told CNBC Thursday.

  • Soros: Crisis 'Worse Than Lehman' Wednesday, 7 Sep 2011 | 1:14 AM ET
    George Soros

    Remember the collapse of Lehman Brothers ? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is that one of the Continent’s major banks may fail.

  • Osborne Urged to Drop 50p Tax Rate Wednesday, 7 Sep 2011 | 12:55 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    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.