Chancellor of the Exchequer George Osborne was defeated by lawmakers demanding a licensing regime for U.K. bankers, after he pushed back an attempt to force the break-up of banks with both retail and investment arms.
Shadow Financial Secretary to the U.K. Treasury, Chris Leslie, called for U.K. Trade Minister Stephen Green to publicly answer questions about his time as chief executive officer and chairman of HSBC Holdings Plc.
On a cold, clear January morning, Sir Richard Branson finds himself standing in the middle of a pedestrian-friendly street in Newcastle -- a hardscrabble city in northeast England -- becoming something he never thought he would be: a banker.
The U.K. government announced it will sell off 15 billion pounds ($23 billion) of state-owned assets by 2020 to help bring down its debt, as it detailed future spending on infrastructure to boost growth.
The U.K.’s opposition Labour Party will force a vote in Parliament on March 12 on a tax on the most expensive houses as it seeks to sow division between the two parties in Prime Minister David Cameron’s coalition government.