U.K. Chancellor of the Exchequer George Osborne forecast higher growth and lower borrowing while announcing tax increases for banks and foreign property owners as he prepared the ground for 2015’s general election.
U.K. Prime Minister David Cameron called for the European Union to open talks with China on a full-scale trade deal, as the bloc seeks to curb Chinese goods that EU officials say are being dumped and subsidized.
U.K. Prime Minister David Cameron’s bid to make a promised referendum on Britain’s membership of the European Union legally binding will move to the upper House of Lords after it passed through the House of Commons today.
Top U.K. investment bankers were paid an average of 1.95 million euros ($2.65 million) in 2012, as bonuses continued to exceed caps set to take effect next year, according to the European Union banking regulator.
Denmark’s Economy Ministry said the European Banking Authority signaled it won’t recommend that covered bonds be granted the highest liquidity status, in a blow to the nation’s $530 billion mortgage bond market.
Chancellor of the Exchequer George Osborne accused the Labour Party of taking money and soft loans from Co-Operative Bank Plc, elevating a dispute over the opposition’s links with the institution now under investigation.
U.K. Chancellor of the Exchequer George Osborne ordered an independent inquiry into events at Co- operative Bank Plc after the lender’s parent ceded control and former Chairman Paul Flowers was arrested.
Danish Prime Minister Helle Thorning-Schmidt’s Social Democrats suffered a smaller setback than initially thought in yesterday’s local elections as voters shrugged off the government’s unpopular economic policies.