http://www.mail.com/people/2612-george-osborne.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/people/2612-george-osborne.html http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:12:47 GMT http://www.mail.com/business/finance/2083730-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:12:47Z http://www.mail.com/business/economy/2078772-g7-japan-playing-currency-rules.html AYLESBURY, England (AP) — Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt to drive down its currency to make Japan's exports more competitive. At the conclusion of a two-day meeting of leading financial represent... Sat, 11 May 2013 19:45:07 GMT http://www.mail.com/business/economy/2078772-g7-japan-playing-currency-rules.html 2013-05-11T19:45:07Z http://www.mail.com/entertainment/lifestyle/2078678-lucasfilm-star-wars-movie-to-shot-uk.html LONDON (AP) — 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 reached a deal with British Treasury chief George Osborne to make "Star Wars: Episode VII" in the U.K. She said Friday that the production company was "revisiting the origins of 'Star Wars'" fo... Sat, 11 May 2013 10:41:23 GMT http://www.mail.com/entertainment/lifestyle/2078678-lucasfilm-star-wars-movie-to-shot-uk.html 2013-05-11T10:41:23Z http://www.mail.com/news/world/2076208-yen-focus-g-7-discusses-nurturing-recovery.html AYLESBURY, England (AP) — 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 stimulus measures of one its members, Japan, has caused its currency to take a dramatic slide. Supporting the global economy and the role of central banks are set to be the key poin... Fri, 10 May 2013 20:39:46 GMT http://www.mail.com/news/world/2076208-yen-focus-g-7-discusses-nurturing-recovery.html 2013-05-10T20:39:46Z http://www.mail.com/business/economy/2043528-britain-dodges-recession-economy-grew-q1.html LONDON (AP) — 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 first quarter compared with the previous three months — a better-than-expected result that offered a bit of breathing space to a government facing criticism for its tough austerity policies. ... Thu, 25 Apr 2013 14:45:15 GMT http://www.mail.com/business/economy/2043528-britain-dodges-recession-economy-grew-q1.html 2013-04-25T14:45:15Z http://www.mail.com/business/finance/2040956-uk-dark-mood-recession-confirmed.html LONDON (AP) — 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 economic growth, to be released Thursday, could show the country is back in recession, and tension is building. Although economists on average expect growth of 0.1 percent on the quarter, they... Wed, 24 Apr 2013 13:37:49 GMT http://www.mail.com/business/finance/2040956-uk-dark-mood-recession-confirmed.html 2013-04-24T13:37:49Z http://www.mail.com/business/economy/2031526-fitch-cuts-british-bond-rating-aaa.html LONDON (AP) — 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 in keeping control of its debt. Fitch becomes the second major ratings agency to downgrade its rating for the U.K. to AA+. Though Fitch said the country had fiscal financing flexibility helped... Fri, 19 Apr 2013 18:00:10 GMT http://www.mail.com/business/economy/2031526-fitch-cuts-british-bond-rating-aaa.html 2013-04-19T18:00:10Z http://www.mail.com/business/finance/1993926-uk-minister-asked-to-good-welfare-pledge.html LONDON (AP) — 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 want Work and Pensions Secretary Iain Duncan Smith to make good on a claim that he could live on 53 pounds ($80) a week — the amount one welfare recipient said he has left after paying for housin... Tue, 02 Apr 2013 21:06:27 GMT http://www.mail.com/business/finance/1993926-uk-minister-asked-to-good-welfare-pledge.html 2013-04-02T21:06:27Z http://www.mail.com/business/finance/1973362-fitch-puts-uk-review-downgrade.html LONDON (AP) — 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 argued would put the country on a path to recovery. Fitch Ratings said it was putting the U.K. on "rating watch negative" — indicating a heightened probability of a downgrade in the near term — and... Fri, 22 Mar 2013 18:09:51 GMT http://www.mail.com/business/finance/1973362-fitch-puts-uk-review-downgrade.html 2013-03-22T18:09:51Z http://www.mail.com/business/finance/1966716-uk-official-delivers-austere-budget.html LONDON (AP) — Britain's Treasury chief unveiled another tough budget Wednesday despite weakness in the economy that raised fears of a third recession in a little more than four years. Though he offered beer drinkers and car drivers a tax break — no doubt a popular move among some — and provided incentives for home-buyers and investments in infrastructure ... Wed, 20 Mar 2013 16:32:28 GMT http://www.mail.com/business/finance/1966716-uk-official-delivers-austere-budget.html 2013-03-20T16:32:28Z http://www.mail.com/business/economy/1960588-uk-we-will-compensate-troops-hit-cyprus-levy.html LONDON (AP) — 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 personnel are based in Cyprus, which has announced a levy of 6.75 to 9.9 percent on all bank balances as part of a deal with creditors for €10 billion ($13 billion) in rescue money. ... Sun, 17 Mar 2013 10:17:24 GMT http://www.mail.com/business/economy/1960588-uk-we-will-compensate-troops-hit-cyprus-levy.html 2013-03-17T10:17:24Z http://www.mail.com/business/economy/1948234-uk-industrial-output-unexpectedly-falls-january.html LONDON (AP) — British industrial production fell sharply in January, official figures showed Tuesday, raising fears that the country will suffer its third recession in not much more than four years. The Office for National Statistics said industrial production dropped a monthly rate of 1.2 percent from December, in contrast to expectations for a 0.2 perce... Tue, 12 Mar 2013 11:20:58 GMT http://www.mail.com/business/economy/1948234-uk-industrial-output-unexpectedly-falls-january.html 2013-03-12T11:20:58Z http://www.mail.com/business/economy/1935564-bank-england-action-needed-rbs-losses.html LONDON (AP) — 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 rather than later to prevent it from being a drag on the economy. Mervyn King told a parliamentary committee on banking that the government needed to finish within a year a radical restructure... Wed, 06 Mar 2013 16:34:35 GMT http://www.mail.com/business/economy/1935564-bank-england-action-needed-rbs-losses.html 2013-03-06T16:34:35Z http://www.mail.com/business/finance/1935824-uk-civil-servants-to-strike-pay-pensions.html LONDON (AP) — British civil servants are planning to strike this month amid an ongoing dispute over pay, pensions and working conditions. The Public and Commercial Services union said Wednesday that a 24-hour strike will start on March 20, the day British Treasury chief George Osborne presents his budget to lawmakers. It said the strike will coincide with... Wed, 06 Mar 2013 16:20:05 GMT http://www.mail.com/business/finance/1935824-uk-civil-servants-to-strike-pay-pensions.html 2013-03-06T16:20:05Z http://www.mail.com/business/finance/1931946-eu-pushes-ahead-with-bonus-cap-despite-uk-concerns.html BRUSSELS (AP) — Britain stood isolated against a broad majority of European Union countries Tuesday in refusing to back legislation that would strictly limit bankers' bonuses. Treasury Chief George Osborne said at a meeting of the bloc's 27 finance ministers in Brussels that Britain, home to one of the world's largest financial industries, can't support t... Tue, 05 Mar 2013 15:35:24 GMT http://www.mail.com/business/finance/1931946-eu-pushes-ahead-with-bonus-cap-despite-uk-concerns.html 2013-03-05T15:35:24Z http://www.mail.com/business/economy/1913626-uk-argues-downgrade-austerity.html LONDON (AP) — 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 showed the need to press ahead with austerity measures to lower debt. Treasury chief George Osborne had long boasted that the triple AAA rating validated his policies of spending cuts and tax h... Mon, 25 Feb 2013 18:08:45 GMT http://www.mail.com/business/economy/1913626-uk-argues-downgrade-austerity.html 2013-02-25T18:08:45Z http://www.mail.com/business/economy/1909956-uk-credit-downgrade-provokes-call-change.html LONDON (AP) — 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 he spurned renewed calls from the opposition for more stimulus for a flat-lining economy. Treasury chief George Osborne declared that the action by Moody's Investors Service redoubled his commit... Sat, 23 Feb 2013 10:26:41 GMT http://www.mail.com/business/economy/1909956-uk-credit-downgrade-provokes-call-change.html 2013-02-23T10:26:41Z http://www.mail.com/business/economy/1909196-moodys-downgrades-uk-rating-aaa-to-aa1.html LONDON (AP) — Credit ratings agency Moody's Investors Service downgraded Britain's government bond rating one notch from the top AAA to AA1 Friday, saying sluggish growth and rising debt were weakening the country's medium-term outlook. Treasury chief George Osborne said the blow only redoubled his resolve "to deliver our economic recovery plan," based on... Fri, 22 Feb 2013 23:03:10 GMT http://www.mail.com/business/economy/1909196-moodys-downgrades-uk-rating-aaa-to-aa1.html 2013-02-22T23:03:10Z http://www.mail.com/business/finance/1902672-boe-governor-backed-stimulus-uk-economy.html LONDON (AP) — The Bank of England expressed growing concern over Britain's economy and came surprisingly close to backing another monetary stimulus in a move that piled further pressure on the pound. Minutes of the last policy meeting of the Bank of England released Wednesday showed outgoing Gov. Mervyn King and two other members of the Monetary Policy Co... Wed, 20 Feb 2013 14:17:51 GMT http://www.mail.com/business/finance/1902672-boe-governor-backed-stimulus-uk-economy.html 2013-02-20T14:17:51Z http://www.mail.com/business/finance/1874502-future-bank-england-boss-open-to-policy-review.html LONDON (AP) — 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 policy framework, potentially paving the way to a more growth-oriented approach in Europe's third-biggest economy. Carney has in the past suggested that central banks like the Bank of England, whose... Thu, 07 Feb 2013 14:56:00 GMT http://www.mail.com/business/finance/1874502-future-bank-england-boss-open-to-policy-review.html 2013-02-07T14:56:00Z http://www.mail.com/business/economy/1866880-uk-declares-powers-to-break-up-banks.html LONDON (AP) — 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 their riskier investment arms. George Osborne told executives from JPMorgan that the days of banks being "too big to fail" are over in Britain, and that taxpayers shouldn't be expected to bail out ... Mon, 04 Feb 2013 14:24:00 GMT http://www.mail.com/business/economy/1866880-uk-declares-powers-to-break-up-banks.html 2013-02-04T14:24:00Z http://www.mail.com/business/economy/1850448-britain-unveils-high-speed-railway-plans.html LONDON (AP) — The British government on Monday unveiled details of new high-speed rail lines linking London to cities in northern England with trains traveling up to 225 miles an hour (360 kph). The government says the project, known as High Speed 2, will be the first new railway built north of London for more than a century, and will be an economic and e... Mon, 28 Jan 2013 13:58:00 GMT http://www.mail.com/business/economy/1850448-britain-unveils-high-speed-railway-plans.html 2013-01-28T13:58:00Z http://www.mail.com/business/economy/1845288-uk-closer-to-recession-economy-contracts-q4.html LONDON (AP) — 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 into recession for the third time since the global financial crisis. The Office for National Statistics said Friday that there was no growth in the nation's big services industry while output of ... Fri, 25 Jan 2013 09:20:00 GMT http://www.mail.com/business/economy/1845288-uk-closer-to-recession-economy-contracts-q4.html 2013-01-25T09:20:00Z http://www.mail.com/business/finance/1781068-uk-banking-review-urges-electrified-ring-fence.html LONDON (AP) — The U.K. government needs to get tougher in its proposals to reform the banking industry by splitting high-street activities from riskier investment banking, Britain's Parliamentary Commission on Banking Standards said Friday. The commission reported Friday that proposals for a "ring-fence" to protect retail banks needed to be "electrified" ... Fri, 21 Dec 2012 09:50:00 GMT http://www.mail.com/business/finance/1781068-uk-banking-review-urges-electrified-ring-fence.html 2012-12-21T09:50:00Z http://www.mail.com/business/finance/1748148-starbucks-promises-to-pay-uk-tax.html LONDON (AP) — 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 each of the next two years. Having been slammed by the country's lawmakers of "immorally" avoiding tax, Starbucks' U.K. managing director Kris Engskov said the firm had agreed to pay more than ... Thu, 06 Dec 2012 15:14:00 GMT http://www.mail.com/business/finance/1748148-starbucks-promises-to-pay-uk-tax.html 2012-12-06T15:14:00Z http://www.mail.com/business/finance/1747578-uk-treasury-chief-admits-rating-downgrade-threat.html LONDON (AP) — Britain's Treasury chief has acknowledged that the country may lose its triple A credit rating even though his economic strategy remains centered on getting the public finances under control. George Osborne said Thursday that a downgrade "wouldn't be a good thing" but that it was only one way that investors evaluate countries. Osborne's comm... Thu, 06 Dec 2012 08:18:00 GMT http://www.mail.com/business/finance/1747578-uk-treasury-chief-admits-rating-downgrade-threat.html 2012-12-06T08:18:00Z http://www.mail.com/business/finance/1743890-uk-treasury-chief-juggles-budget-outlook-dims.html LONDON (AP) — Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more spending cuts will be needed to get public finances under control. With official growth forecasts cut, Osborne had little room for maneuver but said he was trimming departmental spending to generate ... Wed, 05 Dec 2012 21:29:00 GMT http://www.mail.com/business/finance/1743890-uk-treasury-chief-juggles-budget-outlook-dims.html 2012-12-05T21:29:00Z http://www.mail.com/business/finance/1740250-europe-takes-tech-giants-their-tax-havens.html PARIS (AP) — A storm is brewing in Europe as nations try to force Internet powerhouses like Google and Amazon to pay more in taxes. Governments, hungry for money to prop up their struggling economies, are accusing the technology giants of incorporating themselves in low-tax countries so they can avoid paying hundreds of millions of dollars to countries su... Mon, 03 Dec 2012 20:04:00 GMT http://www.mail.com/business/finance/1740250-europe-takes-tech-giants-their-tax-havens.html 2012-12-03T20:04:00Z http://www.mail.com/business/finance/1739198-britain-to-clamp-corporate-tax-avoidance.html LONDON (AP) — The British government said Monday it would spend more money catching tax avoiders, after a lawmakers' committee accused major multinational companies including Starbucks, Google and Amazon of "immorally" dodging tax. The companies insisted they operated within the law, although Starbucks announced it is reviewing its British tax practices i... Mon, 03 Dec 2012 12:14:00 GMT http://www.mail.com/business/finance/1739198-britain-to-clamp-corporate-tax-avoidance.html 2012-12-03T12:14:00Z http://www.mail.com/business/finance/1737798-uk-finance-boss-debt-cutting-slower-than-expected.html LONDON (AP) — Britain's Treasury chief acknowledged Sunday the economy is taking longer than expected to recover from the financial crisis, but insisted he will not waver from his policy of tax hikes and spending cuts. George Osborne said the British government might miss its self-imposed goals of cutting debt as a share of national income by 2015/16 and ... Sun, 02 Dec 2012 10:56:00 GMT http://www.mail.com/business/finance/1737798-uk-finance-boss-debt-cutting-slower-than-expected.html 2012-12-02T10:56:00Z