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.
Some sports are more expensive than others. Some require expensive equipment, others require monthly fees, and others appear down-market at first but have hidden costs that can really add up. Click to see what some of these sports are.
A top German official at the European Central Bank on Monday defended the bank’s plans to intervene in bond markets to push down borrowing costs for businesses and encourage economic growth. The position puts him at odds with the president of Germany's central bank and highlights a growing split in the country’s policy-making elite.
A lion, with 22,000 followers on twitter, is reportedly on the loose in the county of Essex to the east of London. With police marksmen and helicopters hunting for the large cat in the Clacton area of Essex, local residents have been warned to stay inside until the animal is caught.
UK banks are facing a crisis of confidence – according to recent polls, they are less popular and trusted than politicians or tabloid journalists.
Spain expects to use about 60 billion euros, or $75 billion, of the 100 billion euros of bank rescue financing offered by European finance ministers in June, according to the Spanish economy minister, Luis de Guindos, the NYT reports.
The U.S. may enjoy the privilege of printing the world’s reserve currency, but the UK currently enjoys lower government borrowing costs – and by the widest margin in almost six years. The FT reports.
The U.K. faces a risk to its current triple-A rating, if the government steers away from its planned austerity drive, David Riley, Head of Global Sovereign Ratings at Fitch Ratings has told CNBC.
The NHS is to sell its brand around the world as part of a new venture to make the service more commercial and reinvest the profits in Britain’s national health system, the Financial Times reports.
New research suggests that a shortage of homes is causing house prices to soar in the U.K., with properties in England rising by 94 percent over the last decade and analysts warn that more needs to be done to stimulate house building to keep prices in check.
In times of a growing euro zone debt crisis, and tightening financial regulation, London has to keep up its competitiveness, Chris Cummings, CEO of TheCityUK, told CNBC.
The U.K. economy has got economists all a-flutter with a series of confusing data, causing more criticism of the coalition government’s policies as it prepares for a high-profile job swap.