EU to shift bill for bank failures to creditors
European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
Lucasfilm: New 'Star Wars' movie to be shot in UK
The next "Star Wars" movie will be shot in a galaxy far, far away from Hollywood — Britain. Lucasfilm President Kathleen Kennedy says the company has ...
Yen in focus as G-7 discusses nurturing recovery
Financial leaders from the world's top seven developed economies are gathering in the U.K. to discuss how to shore up the global recovery just as the ...
Britain dodges recession as economy grew in Q1
Britain has given the slip to the Triple Dip. The U.K. dodged a third recession after official figures showed the economy grew 0.3 percent in the ...
UK in dark mood as new recession may be confirmed
Recession may just be a word. But in Britain it may become a habit — and a dangerous one at that. It's possible that official figures on first quarter ...
Fitch cuts British bond rating from AAA
Fitch Ratings on Friday stripped the U.K. of its cherished top AAA credit score, citing a weaker economic outlook that continues to hinder the country ...
UK minister asked to make good on welfare pledge
A British government minister is being asked to put his money where his mouth is. Opponents of a raft of welfare changes that took effect this week ...
Fitch puts UK on review for downgrade
Fitch placed Britain's AAA rating on review for a downgrade on Friday, a blow to the government just days after it presented an austere budget it ...
UK official delivers another austere budget
Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little ...
UK: We will compensate troops hit by Cyprus levy
Britain's Treasury chief says the government will compensate U.K. troops who lose money to Cyprus's bailout tax. About 3,500 British military ...
UK industrial output unexpectedly falls in January
British industrial production fell sharply in January, official figures showed Tuesday, raising fears that the country will suffer its third recession ...
Bank of England: action needed over RBS losses
The Bank of England's governor warned Wednesday that Britain's government should take decisive action over losses at the Royal Bank of Scotland sooner ...
UK civil servants to strike over pay, pensions
British civil servants are planning to strike this month amid an ongoing dispute over pay, pensions and working conditions. The Public and Commercial ...
EU pushes ahead with bonus cap despite UK concerns
Britain stood isolated against a broad majority of European Union countries Tuesday in refusing to back legislation that would strictly limit bankers' ...
UK argues downgrade shows need for austerity
The British government attempted Monday to cast as good a light as possible on the loss of the country's cherished triple-A credit rating, arguing it ...
UK credit downgrade provokes call for change
The man in charge in Britain's economy says he won't change direction despite a rating agency's decision to downgrade the nation's credit rating and ...
Moody's downgrades UK rating from AAA to AA1
Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish ...
BoE governor backed more stimulus for UK economy
The Bank of England expressed growing concern over Britain's economy and came surprisingly close to backing another monetary stimulus in a move that ...
Future Bank of England boss open to policy review
Mark Carney, the Canadian who will become the Bank of England's governor this summer, said Thursday he is open to a review of Britain's monetary ...
UK declares new powers to break up banks
Britain's treasury chief warned the country's banks on Monday that they face being broken up if they fail to protect their retail operations from ...
Britain unveils high-speed railway plans
The British government on Monday unveiled details of new high-speed rail lines linking London to cities in northern England with trains traveling up ...
UK closer to recession as economy contracts in Q4
Britain's economy contracted by a worse-than-expected 0.3 percent in the last three months of 2012, raising the possibility that it might fall back ...
UK banking review urges 'electrified' ring-fence
The U.K. government needs to get tougher in its proposals to reform the banking industry by splitting high-street activities from riskier investment ...
Starbucks promises to pay more UK tax
Starbucks bowed to mounting pressure over its tax affairs in Britain and revealed Thursday that it would pay about 10 million pounds ($16 million) in ...
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