Anyone expecting the Bank of England to make a move on interest rate or monetary easing policy this month is guaranteed to be disappointed, economists have told CNBC.com
When Lehman Brothers collapsed at the height of the financial crisis, JPMorgan Chase was at the center of the storm. The bank was a major lender to the firm, which filed the biggest bankruptcy in United States history. The NYT reports.
With people panic-buying gasoline, protests against taxes on cheap hot lunches, and worse-than-expected economic data, the mood in the UK seems to be turning from the cautious optimism of early 2012.
Plans by the chancellor to take £10 billion a year, or almost £1 in £20, out of the welfare budget are being openly resisted by the department for work and pensions in the first sign of government infighting over the coming spending round.
Buying a castle is not as unusual as you might think. Check out the following castle homes that are for sale or rent in Britain.
Mitt Romney sought to use the coveted endorsement of Jeb Bush on Wednesday to amplify his call for Republicans to rally behind his candidacy and get on with the mission of ousting President Obama. The NYT reports.
Scotland’s centuries-old struggle with the "Auld Enemy"– England–is reaching a new chapter with renewed push for full Scottish independence.
UK Chancellor of the Exchequer George Osborne announced aggressive cuts to corporation tax as he pledged to make the UK more competitive in his second full budget Wednesday.
Friday on CNBC’s Money in Motion I recommended a GBPUSD trade and here's why.
UK public sector workers make less effort than those in the private sector, so should be forced to retire at a later age, veteran economist and strategist Roger Nightingale told CNBC Tuesday.
Chancellor of the Exchequer George Osborne is expected to strike a note of caution and keep the Treasury’s purse strings firmly closed in Wednesday’s Budget – despite the UK government’s borrowing figures coming in lower than expected.
UK businesses and Conservative politicians have been lobbying for an end to the 50 percent tax rate on income above 150,000 pounds ($235,500) a year since it was brought in two years ago.
London’s hotel sector will grow by 3.9 percent in 2012, with the London Olympics and the Queen’s diamond jubilee bolstering tourist demand, according to UK estate agency Savills.
The potential relocation of UK insurers away from Britain will turn “from a trickle into a flood,” says one analyst. Craig Scarr, Head of Insurance at accountancy firm Mazars warned that something needs to be done to stem the threat of new European capital rules, known as Solvency II.
The UK chancellor aims to launch an “Osborne bond”—a 100-year debt issue or even a perpetual gilt that never matures—to take advantage of the country’s historically low interest rates, the Financial Times reports.
British police investigating the systematic hacking of mobile phones to generate stories at a Rupert Murdoch tabloid arrested six people - believed to include former Murdoch editor Rebekah Brooks and her husband - on Tuesday in dawn raids across the country.
The management of UK-based Prudential has made no decision on whether to relocate outside of the European Union but is watching with apprehension Brussels' plans to introduce new regulation for insurers, CEO Tidjane Thiam told CNBC.
Banks will face stiff penalties and intense public scrutiny if they fail to live up to the standards of a $25 billion mortgage settlement with state and federal authorities, according to court documents filed as part of the deal Monday in federal court in Washington. The NYT reports.
A lead adviser to Greece on its debt deal, Mitu Gulati, argues that instead of repeated austerity-based bailouts, other European countries should cut a deal directly with their creditors to reduce their debt loads.
Federal prosecutors have charged six alleged members of the Anonymous “hacktivist” group with conspiracy and computer hacking-related crimes after it emerged that an alleged leading member of the collective had turned informant of the Federal Bureau of Investigation, the Financial Times Reports.