British Prime Minister David Cameron tells CNBC that the government's economic plan is working with unemployment down and GDP growth rising.» Read More
The UK needs a new economic plan for the 21st century that rewards the real wealth creators and not just "predators who are just interested in the fast buck", the Labour party leader - the UK’s main opposition party - Ed Miliband said on Tuesday.
As Shadow Chancellor Ed Balls wrapped up his speech to the Labour party conference on Monday, one thing became abundantly clear: Labour still have a trust issue when it comes to the economy.
The UK’s opposition finance spokesman Ed Balls called on the government to provide a credible policy to encourage economic growth telling delegates at the Labour party’s annual conference the coalition government’s austerity plan “just wasn’t working”.
What would you bring to London's Houses of Parliament when you came to gape at Big Ben? A broomstick? A plastic thumb? Or even an egg? These were all among the items confiscated from visitors to the Houses of Parliament in the first half-year of 2011.
Britain’s deputy prime minister, Liberal Democrat leader Nick Clegg told delegates at his annual party conference in Birmingham on Wednesday there was no turning back from the coalition government’s fiscal austerity program despite figures showing government borrowing in August reached a record high for the month.
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 George Osborne faced controversy Monday as allegations resurfaced about him taking cocaine with a former madam.
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.
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The current UK depression will be the longest since at least the first world war. Without a dramatic surge in growth, it is also quite likely to generate a bigger cumulative loss of output than the “great depression”, Martin Wolf writes in the FT.
Companies face a scramble to hire talented executives with Chinese experience to join their boards as the focus of UK business shifts increasingly towards the east, the FT reports.
Despite the widespread gloom, the consensus is that Britain will not re-enter a recession, Norma Cohen writes in the FT.
Banking regulators should consider temporarily lowering capital requirements in an effort to boost the feeble supply of credit to the economy, according to a top official at the Bank of England, the FT reports.
The Metropolitan Police arrested another suspect as part of their investigations into phone hacking at the now closed News of the World newspaper, London's Metropolitan police said on Thursday.
The travails of the Murdoch family over the phone-hacking scandal at their UK newspaper empire are far from over.
U.K. finance minister George Osborne has called upon his euro zone peers to do whatever it takes to ensure stability, indicating the British government would back a so-called euro bond to avoid a disastrous break up of the euro.
David Cameron condemned the recent riots in the UK as Parliament was recalled from its summer recess on Thursday, telling MPs in the House of Commons that the violence was "not about politics or protest."
The Bank of England (BoE) cut its 2011 GDP growth forecast for the UK for the seventh time since the end of the recession on Wednesday as more weak economic figures suggested the economy was struggling to maintain momentum.
August is famously the month when most of Europe hits the beach. Markets are quiet, parliaments are closed, and very little happens.
Following weak growth in the second quarter due to a number of one-off effects such as the UK royal wedding and the tsunami disaster in Japan, the UK economy can be described as fragile at best.