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Gordon Brown

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  • UK Needs Growth Not Just Austerity: Opposition Leader Tuesday, 27 Sep 2011 | 11:56 AM ET
    Ed Miliband, UK Labour party leader

    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.

  • Britain Needs a Plan That Works: UK Opposition Monday, 26 Sep 2011 | 9:22 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    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”.

  • Bank of England Holds Rates After Weak Growth Thursday, 4 Aug 2011 | 7:07 AM ET
    Governor of the Bank of England Mervyn King

    The Bank of England (BoE) held interest rates on Thursday at their current historic low of 0.5 percent after weaker than expected gross domestic product (GDP) figures last week effectively killed off any hope of a rate rise this year.

  • Can the UK Prime Minister Survive Murdoch Scandal? Tuesday, 19 Jul 2011 | 8:03 AM ET
    David Cameron

    he News of the World phone hacking scandal heaped further pressure on the British Prime Minister, David Cameron, on Monday as more questions were raised about his appointment of the paper's former editor Andy Coulson as his director of communications.

  • Millions in UK Public Sector to Work Longer for Less Friday, 17 Jun 2011 | 5:34 AM ET
    A mass march in protest at government cuts sets off from Embankment on March 26, 2011 in London, England.

    The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.

  • UK Prime Minister May be Forced into Cabinet Reshuffle Friday, 10 Jun 2011 | 10:49 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    The UK’s Prime Minister, David Cameron, is coming under increasing pressure to reshuffle his cabinet just days after returning to work from a two-week break.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The International Monetary Fund (IMF) has cut its growth forecast for the UK economy to 1.5 percent for 2011, but has said it continues to support the coalition government’s spending cuts.  

  • Strike and We'll Change the Law, UK Warns Unions Monday, 6 Jun 2011 | 6:42 AM ET

    The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.

  • No UK Rate Rise Until Recovery Secured, Bank Told Monday, 30 May 2011 | 6:10 AM ET
    Governor of the Bank of England Mervyn King

    The Bank of England (BoE) was warned by the British Chambers of Commerce (BCC) on Monday that raising interest rates before November risked damaging the recovery of the UK economy.

  • Lend More or Be Taxed, UK Banks Told Friday, 20 May 2011 | 8:48 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    The UK’s business secretary Vince Cable has warned Britain’s banks they could face new taxes if they fail to meet lending targets for small businesses under the government Project Merlin agreement.

  • 'The UK Will Need a Bailout Soon': Jim Rogers Friday, 6 May 2011 | 5:17 AM ET
    Jim Rogers

    Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.

  • UK Prime Minister Would Veto Brown IMF Role Tuesday, 19 Apr 2011 | 7:47 AM ET
    Prime Minister Gordon Brown

    UK Prime Minister David Cameron ruled out any bid by former Prime Minister Gordon Brown to take the top job at the International Monetary Fund (IMF) on Tuesday, saying Brown was in denial about the economic crisis.

  • Bankers Running Rings Around Regulators Thursday, 14 Apr 2011 | 4:40 AM ET
    G20

    In 2009, as the financial crisis entered its darkest days, G20 leaders descended on London for a meeting aimed at bringing the world economy back from the brink.

  • For the Big Banks, Is London Closed for Business? Thursday, 31 Mar 2011 | 5:25 AM ET

    Like more than 90 percent of the population, I won't be changing my bank however rude they are to me on a Saturday morning. The work it would entail for the pay-off is too small. Bob Diamond, Stuart Gulliver and Peter Sands, on the other hand, may find they can get more out of changing countries.

  • 11 Major International Political Scandals Friday, 18 Feb 2011 | 1:54 PM ET
    On April 6, 2011, Italian Prime Minister Silvio Berlusconi is scheduled to stand trial for charges stemming from his relationship with Karima el-Mahroug, a nightclub dancer who performs under the name Ruby Heart-Stealer. According to the charges, he paid el-Mahroug for sex while she was still underage, and when she was arrested for theft, he used his political muscle to have her released from police custody. Berlusconi has been in this type of trouble before, but it’s widely speculated that this

    Click to see international political scandals that raised eyebrows and kept the tabloids in wide circulation.

  • As Britain Goes to Polls, Economic Clouds Hover Thursday, 6 May 2010 | 4:03 AM ET

    With government deficits in Britain second in Europe only to those in Greece, whoever wins Thursday’s general election will be forced to make deep and unpopular cuts, the New York Times reports.

  • UK Conservative Leader Has the X-Factor: Cowell Wednesday, 5 May 2010 | 5:38 AM ET

    Simon Cowell, the man who made millions from being the front man of American Idol and the X-Factor, has intervened in the UK election race just 24 hours before Britain goes to the polls.

  • Will Brown Failure Give Cameron Victory?  Tuesday, 4 May 2010 | 10:30 AM ET

    With two days to go before the UK election analysts at Bank of New York Mellon have found that David Cameron's opposition Conservative Party is ever more likely to form a majority government, albeit with a very small majority.

  • The Issue Candidates Avoided in the TV Debate Friday, 30 Apr 2010 | 4:27 AM ET

    The third and final TV debate between PM candidates is over but none of the three spoke about the hidden issue that will define the UK economy over the long term.

  • Will a Hung Parliament Choke British Stocks? Tuesday, 27 Apr 2010 | 4:00 AM ET

    Investors in UK bonds and securities are preparing to navigate unfamiliar territory, with the likelihood that the May 6 national election will not result in a clear winner.