U.K.’s Budget Master Plans for More Pain

When the Conservative Party won an unexpected majority in U.K. elections in May, it didn’t just mean George Osborne would get to keep his job as chancellor of the exchequer. It also put the keys to 10 Downing Street within his grasp.

Cameron Seeks to Intensify U.K.’s Campaign Against Islamic State

Prime Minister David Cameron said he wants the U.K. to take a bigger role in the struggle to destroy Islamic State in Syria and Iraq.

Cameron to hint at assault on tax credits in welfare speech

David Cameron is to deliver his strongest hint yet that he intends to launch an assault on tax credits as he pledges to end the “merry-go-round” of welfare payments that means low wages are topped up by the state.

Nicola Sturgeon attacks UK government's spending cuts

Nicola Sturgeon has attacked the “scale and speed” of government spending cuts, while pledging that the Scottish government will campaign for the UK to stay in the EU.

Deutsche Bank reviews cutting UK presence in Brexit scenario

Deutsche Bank (DBKGn.DE), the euro zone's second-largest bank by assets with large operations in Britain, has begun initial preparations for a possible UK exit from the European Union as Prime Minister David Cameron readies a referendum on the matter.

Ed Miliband: Cameron’s wage call is desperate bid to hide living cost failure

Ed Miliband has poured scorn on the prime minister’s calls for wage rises by condemning the Tories for waiting until the general election year to address “the worst cost of living crisis in more than a century”.

UK unemployment total falls to 2.16m

The UK jobs market continued to improve in the three months to April, although the rate of wage increases slowed sharply, official figures show.

UK GDP: Investment fuels hopes of balanced recovery

Hopes for a stable and sustained recovery were boosted today as official figures showed the economy becoming less reliant on consumer spending after a surge in business investment.

UK tax system is 'punishing success' says Institute for Fiscal Studies

Forcing Britain’s highest earners to foot a greater share of the nation’s tax bill is putting the Government’s long-term finances at risk, a leading economic think tank has warned.

China and UK trade at 'record high'

Bilateral trade between China and the United Kingdom hit a "record high" in 2013, according to the Chinese ambassador to the UK, Liu Xiaoming.

UK weighs introducing criminal sanctions against energy firms

LONDON: Britain is considering introducing criminal sanctions against energy firms that manipulate the market at the expense of consumers, energy minister Ed Davey said on Thursday.

UK's economic growth prompts foretaste of election battle

Britain's strongest growth in more than three years has provided a foretaste of the looming general election battle as the Conservatives and Labour clashed over the state of the economy.

Governments must not relax credit standards to boost growth, IMF warns

The International Monetary Fund has warned governments to resist the temptation to relax credit standards to boost growth as it highlighted the UK's lack of lending to small businesses.

Growth boost puts Labour on back foot

David Cameron and George Osborne were handed a precious weapon against Labour's attacks on their economic policies on Thursday as it emerged that the recovery picked up pace between April and June.

South Korea Tightens Capital Flow Checks to Catch Tax Dodgers

South Korea is strengthening supervision of foreign exchange transactions as President Park Geun Hye broadens her country’s part in a global crackdown against tax evasion.

Britain presses its territories on tax action before G8

LONDON: Prime Minister David Cameron will press Britain's overseas tax havens to sign up to an international transparency treaty in London on Saturday, before he meets leaders of G8 economies to push for coordinated global action on tax avoidance and evasion.

EU exit would put US trade deal at risk, Britain warned

The Obama administration has warned British officials that if the UK leaves Europe it will exclude itself from a US-EU trade and investment partnership potentially worth hundreds of billions of pounds a year, and that it was very unlikely that Washington would make a separate deal with Britain.

ECB's Mario Draghi spots 'encouraging' UK economy signs

European Central Bank (ECB) president Mario Draghi has said he sees "encouraging signs of tangible improvements" in the UK economy.

Britain seems to be saying "bye bye" to EU, says Finland

(Reuters) - Britain's policy towards Europe is becoming harder to understand and there is a sense the country is slowly waving goodbye to the European Union, Finland's Europe minister said on Thursday.

EU states agree in principle to suspend Myanmar sanctions: diplomats

(Reuters) - European Union governments are to suspend most sanctions against Myanmar next week, EU diplomats said on Thursday, in recognition of rapid political and economic reforms after decades of military dictatorship.