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Gordon Brown

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  • *Osborne says sale right thing to do for UK taxpayers. LONDON, June 10- Britain will start selling its 32 billion-pound stake in Royal Bank of Scotland in the coming months, finance minister George Osborne said on Wednesday, giving up on his previous intention to only sell the shares for a profit. Osborne said he had received independent advice from the Bank of...

  • COLUMN-BP must remain British, says Whitehall: Kemp Monday, 27 Apr 2015 | 9:44 AM ET

    But the company's identity remains complicated, at once BP and British Petroleum, part of Britain's establishment but also a footloose international oil major with operations around the world. Much more than Royal Dutch Shell, with its historical link to the Netherlands, BP is Britain's national oil company and bears with it the country's hopes for a major...

  • LONDON, April 26- Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of...

  • *UK faces election on May 7. LONDON, April 26- Britain's Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. With Labour and the Conservatives level in most polls and neither on...

  • *Dublin seen as possible venue for relocation. Faced with the prospect of a Labour government that would hike the top rate of income tax to 50 percent and extract a levy from their bonuses, most financiers are rooting for the re-election of David Cameron's Conservatives, even though that would mean a potentially damaging referendum on Britain's membership of...

  • LONDON, March 12- Some young voters who backed Prime Minister David Cameron's Conservatives in Britain's last election are considering turning to Labour in May's ballot because they feel let down by the government's record of creating jobs and opportunity. Reuters spoke to ten first-time voters in the run up to the last election in 2010, when Labour Prime...

  • LONDON, Feb 27- The stark choice faced by Britons in May's national election is summed up nowhere more clearly than by the two men vying to be finance minister. The Conservatives' George Osborne, 43, and Labour's Ed Balls, 48, have helped define what their parties stand for. "We are getting a genuinely significant choice," said Paul Johnson, director of the Institute...

  • *Morgan Stanley colleagues pay glowing tributes. LONDON/ NEW YORK, Feb 26- The man synonymous with the "light-touch" regulation which allowed Royal Bank of Scotland to spiral out of control before its 45.5 billion pound government rescue looks set to guide it back to private hands. Davies, then deputy governor of the Bank of England, was asked to create a new city...

  • *Liberal Democrats bidding for second stint in coalition. SHEFFIELD, England, Feb 5- Britain's Deputy Prime Minister has two battles to win by May. Nick Clegg's centrist Liberal Democrats will have been in coalition government with the centre-right, anti-welfare state Conservatives for five years when the next general election comes around.

  • LONDON, Feb 4- Germany must relax its insistence on austerity and stoke domestic demand so struggling euro zone nations like Greece can grow their way out of crisis, the man who could be Britain's finance minister after May elections said. On Britain, the opposition Labor party's finance minister-in-waiting said Prime Minister David Cameron's planned...

  • RBS Faces $6 Billion Investor Action Thursday, 4 Apr 2013 | 2:25 AM ET
    Royal Bank of Scotland

    A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.

  • Business spooked by UK tax avoidance clampdown Thursday, 4 Oct 2012 | 6:26 AM ET

    LONDON, Oct 4- The activists who have protested in recent months at the tax arrangements of some leading British companies are united with many politicians in wanting to cut corporate tax avoidance.

  • By Guy Faulconbridge and Matt Falloon. MANCHESTER, England, Oct 2- Britain's opposition leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.

  • Two Cheers for Britain’s Bank Reform Plans Friday, 15 Jun 2012 | 2:43 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.

  • Cameron to Urge Merkel to Act on Euro Zone Thursday, 7 Jun 2012 | 2:14 AM ET
    British Prime Minister David Cameron leaves 10 Downing Street on August 11, 2011 in London, England. Mr Cameron hosted a COBRA meeting and a cabinet meeting earlier this morning to discuss the current unrest that has spread across the country. Parliament has been recalled following four days of rioting across the UK.

    David Cameron will tell Angela Merkel on Thursday that she needs to act now to bring the eurozone back from the brink of disaster – a message likely to stoke irritation in Berlin and other eurozone capitals, the Finanical Times reports.

  • Britain to Bolster Investors’ Say on Pay Monday, 7 May 2012 | 1:46 AM ET
    business_mtg_200.jpg

    Plans to give shareholders more power over boardroom pay will be given centre stage in the Queen’s Speech, as highly paid executives face another week of lambasting from shareholders, the Financial Times reports.

  • Sign of Things to Come? UK Voters Punish Incumbents Saturday, 5 May 2012 | 9:54 AM ET
    David Cameron

    Voters in the United Kingdom punished the coalition government’s two political parties at local elections across the country on Thursday in what will be seen by many as a rejection of the government’s austerity.

  • The First Electoral Test for UK Austerity Is Near Tuesday, 1 May 2012 | 3:35 AM ET
    David Cameron

    While the French presidential elections are drawing the attention of most in Europe, local elections in the UK, though unlikely to change the shape of Britain’s coalition government, could put pressure on its economic policy.

  • Sun Arrests Pile Pressure on Murdoch Media Empire Sunday, 12 Feb 2012 | 4:05 PM ET
    Rupert Murdoch

    Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that towards his business empire that he was forced to give up his closed its sister paper.

  • UK to Keep Its Triple-A Rating for Now: City Analysts Tuesday, 17 Jan 2012 | 4:37 AM ET
    global_markets_2_200.jpg

    The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.