United Kingdom - Economic Meltdowns

The pain of Britain's austerity measures will be felt for years to come owing to some of the worst falls in living standards since World War II, a leading economic research body warned on Monday.With the government trying to rein in Britain's ...

Bankers in Britain who behave irresponsibly should be thrown out of the profession, the leader of the opposition Labour party said Sunday ahead of the publication of plans for a major shake-up of the sector.Ed Miliband told The Sunday Times newspaper the ...

Business Secretary Vince Cable on Wednesday accused bankers of exploiting the current euro crisis to block reforms to the troubled sector.The Liberal Democrat minister called the "special pleading" of bank lobbyists "disingenuous in the extreme" during an interview with The Times newspaper.Cable's ...

Britain's jobless total has risen unexpectedly for the first time since January, data showed Wednesday, sparking fresh doubts over the economy which is already buckling under deep public spending cuts.The number of unemployed jumped 38,000 to 2.49 million in the three months ...

Chancellor of the Exchequer George Osborne on Thursday defended his government's austerity policies, but admitted that recovery would be longer than hoped amid global financial market turmoil over debt.Osborne, addressing lawmakers after parliament was recalled early to debate the recent rioting, said ...

BANGALORE (Reuters) - The chances of another U.S. recession are rising and Europe's recovery is also at risk, according to the latest Reuters poll, taken during the worst stock market selloff since the nadir of the financial crisis.The latest survey of more ...

Britain risks falling back into recession unless its banks increase the amount they are lending to businesses and individuals, Business Secretary Vince Cable said in an interview with The Sunday Times."The top priority now, to boost growth and jobs and avoid a ...

Britain's bailed-out Lloyds bank said Thursday it plunged into vast losses in the first half, after setting aside billions of pounds to compensate customers over mis-sold payment protection insurance.Lloyds Banking Group (LBG), which is 40.2-percent owned by the state after a huge ...

LONDON (Reuters) - Suicides rates rose sharply in Europe in 2007 to 2009 as the financial crisis drove unemployment up and squeezed incomes, with the worst hit countries like Greece and Ireland seeing the most dramatic increases, researchers said on Friday.But rates ...

The new boss of Britain's state-rescued Lloyds Banking Group is due Thursday to axe thousands more jobs in a bid to transform its fortunes and save £1.0 billion ($1.6 billion, 1.1 billion euros) a year.Chief executive Antonio Horta-Osorio, who was parachuted into ...

1
2
3
4
5
6
7
8
9
10

Topic: United Kingdom

Worst of British slump 'yet to come'

Strike off irresponsible bankers: Miliband

Cable attacks banks' resistance to reform

Rising British unemployment sparks new fears over economy

Osborne defends austerity policies amid debt storm

U.S. outlook casts shadow over world economy

UK banks must 'resume lending' to avoid fresh recession

Lloyds bank suffers vast loss on insurance claims provision

European suicide rates pushed higher by financial crisis

New Lloyds bank boss set to axe more jobs

Photo Gallery

From Around the Web

Video Gallery

Follow this Topic with...