The U.K. general elections will be a "close-fought battle" says William Hague, leader of the U.K. House of Commons, arguing that a Labour win would mean a "lurch back to all the deficits" of before.» Read More
A new report finds that the cost of funerals his risen by 71 percent in the past eight years in the United Kingdom, leaving 17 percent of people struggling to afford a funeral.
Spain's economic crisis has prompted a movement within Spain dubbed it “rurbanismo,” a term invented to describe the reverse migration from city to country that has stemmed a generations-old trend that has long been the usual pattern in most advanced industrial economies, the New York Times reports.
A high-profile job with a hefty salary, travel, and an almost guaranteed knighthood (unless you really mess up) will be advertised in The Economist this week.
In September 1992, the Federal Reserve culminated a long-running effort to stimulate the sluggish economy by cutting its benchmark interest rate to 3 percent, the lowest level it had reached in almost three decades.
When fear gripped the European markets in April, the money manager Robert Tipp decided to buy more Portuguese government bonds. He figured that European officials wouldn’t let the country turn into another Greece.
Antony Jenkins, the new chief executive of Barclays, is to announce a shake-up of the business early next year which will shrink investment banking division Barclays Capital (BarCap) and bankers’ paydays.
Q, the twinkly-eyed boffin who provides James Bond with his trademark high-tech gadgetry, faces fresh competition. The heads of British intelligence are appealing to small and medium-sized technology companies to help to provide the gizmos they need for covert operations, the Financial Times reports.
The notion of a new U.K. state-backed bank targeting lending to small businesses has gained more currency in recent days.
Anastasia Kastaniotou, a struggling mother of three, stood near the Greek Parliament building on Wednesday and threw up her hands as she contemplated an €11.5 billion austerity package that her country’s government was trying to tie up this week to keep Greece in the euro, the New York Times reports.
The UK government’s reshuffle of key positions within the cabinet keeps too much of the old guard to get the economy moving, a key business leader told CNBC Wednesday.
The UK’s benchmark FTSE index has suffered this year compared to the country’s currency and bonds, a trend that is not set to end anytime soon, according to analysts.
British Chancellor George Osborne stays put but a number of high profile figures in the U.K.'s Conservative party cabinet have lost their positions in Prime Minister David Cameron’s first reshuffle since the coalition government took charge in 2010, according to reports from news agencies and the Financial Times.
It should have been the ideal public relations gambit for a politician whose ratings are plummeting in the polls.
The UK government should stimulate the economy by building more houses, the British Chambers of Commerce (BCC) told CNBC on Friday, after the lobby group slashed its growth forecasts for 2012 and 2013.
Ian Williams, Chairman at Charteris Portfolio Managers says that gilts are at their most expensive compared to equities since the second world war.
The Bank of England should not "beat itself up" on failing to deliver further quantitative easing given current inflation levels, said Alan Clarke, UK and euro zone economist at Scotiabank.
Fast-growing technology companies would be allowed to float as little as 10 per cent of their business on the London Stock Exchange under proposals being weighed up by Downing Street, the Financial Times Reports.
The announcement that Antony Jenkins has been appointed as chief executive of troubled U.K. bank Barclays helped stave off bigger losses for the shares on Thursday, following the announcement of a new investigation into the lender.
Antony Jenkins, head of Barclays retail and business banking unit, has been appointed as chief executive of the bank, with a mandate to launch a root and branch review after a series of scandals rocked it to the core.
Londoners aged 18-24 will have to do three months of unpaid work in order to continue claiming social security benefits in a new scheme announced by London’s mayor Boris Johnson, however there are claims that rather than helping young people back into work, the scheme exploits their free labor.