Scotland’s nationalist government aims to establish an independent state by March 2016, breaking away from the 306-year-old United Kingdom and keeping the pound as its currency, according to the blueprint it published today.
Scotland would need to reduce spending or increase taxes more than the rest of the U.K. should the country become independent, the Institute for Fiscal Studies said in a report published today.
British Prime Minister David Cameron is presiding over a joyless economic recovery that’s doing little to spur his re-election hopes.
U.K. opposition Labour Party leader Ed Miliband positioned himself as the champion of voters who feel exploited by business, setting out a policy platform that included price controls on energy.
Bank of England Governor Mark Carney’s plan to revive Britain’s economy with three years of record-low interest rates and cheap funding for banks is coming at the expense of the nation’s savers.
Bank of England Governor Mark Carney is the new face of gender equality in the City of London.
U.K. Chancellor of the Exchequer George Osborne said his deficit-reduction plan can be achieved without raising taxes after the May 2015 election.
Britons experienced an unprecedented squeeze on incomes over the past five years as workers accepted pay cuts as the price of keeping their jobs, research published today showed.
Britain’s voters may face higher taxes after the 2015 election if spending cuts outlined by Chancellor of the Exchequer George Osborne become too difficult to implement.
Britons over the age of 60 have continued to see their incomes rise since the recession, while earnings for those in their 20s slumped, the Institute for Fiscal Studies said.