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Finance officials from rich and developing countries have pledged to maintain emergency support for their economies until recovery is assured, but failed to reach a clear agreement to bear the cost of fighting climate change.
British Treasury chief Alistair Darling is likely to present a bleak annual budget next week with little good news for the average Briton as the economy wallows in recession.
Finance officials from rich and developing countries pledged Saturday to do "whatever is necessary" to fix the global economy, including supervision of freewheeling hedge funds and restoring bank lending by dealing with the shaky securities burdening their finances.
British Treasury chief Alistair Darling said Wednesday the country is on the brink of recession but that the economy would likely start growing again in the second half of 2009.
The British government cut the basic sales tax Monday to help boost consumer spending as the economy slides into recession, and proposed a higher rate of income tax for the biggest earners if it is re-elected.
The British government cut the basic sales tax Monday to help boost consumer spending as the economy slides into recession, and proposed a higher rate of income tax for the biggest earners if it is re-elected.
Prime Minister Gordon Brown said Wednesday that further measures may be needed to encourage banks to resume a normal flow of credit to small British businesses and homeowners.
British Prime Minister Gordon Brown says stricken mortgage lender Northern Rock PLC will remain nationalized until adverse market conditions change.
Britain's Channcellor, Alistair Darling, backs Gordon Brown's 'Tobin tax' despite cold shoulder from US | Business | guardian.co.uk Alistair Darling pledged today that the government would step up its fight for a new international tax on banking despite an initially frosty response to the plan from Washington.
Jacqui Smith, the Home Secretary, has resigned her post from the Cabinet in a surprise move today, two days ahead of the European MPs election in which the Labout Party is expected to have massive losses.
A UK Budget BustThe Mind Your Own Business blog looks at the impact of this years UK Budget on small businesses and entrepreneurs
2009 Budget: Autism Campaigners call on Chancellor Darling for help Chancellor Alistair Darling presents his second budget on 22nd April 2009.
This morning, in the light of yesterday's pre budget report, Alistair Darling was interviewed on Talksport radio by former footballer Alan Brazil and recently retired cricketer Ronnie Irani-the new Paxman and Dimbleby.
Today Alistair Darling presented his pre budget report to the House of Commons and to the world. He stated his central objective is to respond to the consequences of the global downturn on the U.K.
Labour's Biggest Financial Test YetThe worst economic outlook since the early 1990s will be the bleak backdrop to the pre-Budget report. Its has taken on the air of an emergency Budget and will be the most important financial statement delivered since Labour came to power in 1997.
British Chancellor demands cheaper petrol as Shell posts record profits Alistair Darling today called on oil companies to pass on lower costs to consumers by cutting petrol prices as Royal Dutch Shell posted a 71% rise in profits.
Anti-Terror Law Used in Credit CrisesThe UK government has used a law introduced combat terrorism to freeze Icelandic bank assets.
British Prime Minister, Gordon Brown and Chancellor of the Excheqor Alistair Darling have started a hastily arranged meeting with the Govenor of the Bank of England and Chairman of Britain's Financial Services Authority, an the regulatory organisation for the UK's banks and lende …
Chancellor to tighten bank rulesChancellor Alistair Darling has sought to reassure investors that new laws will be introduced to tighten the rules governing the UK banking system.
OECD predicts UK recession this yearBritain will sink into recession this year with contractions of economic output in both the third and fourth quarters, the influential Organisation for Economic Cooperation and Development said today.
Labour in turmoil over Alistair Darling gaffeThe government was plunged into turmoil yesterday as the chancellor admitted the full scale of Britain's economic crisis.
Alistair Darling says economy is at a 60-year low and will get worseBritain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, Alistair Darling, the chancellor, has told the Guardian today.
You're barred, pub campaigners tell chancellorAn Edinburgh bar has sparked an internet campaign to ban the chancellor, Alistair Darling, from every pub in the UK amid anger at the rise in alcohol duties.
Budget Summary 2008 : Plebble.comBooze up by 2% above inflation, fags up by 11p per pack, winter fuel allowance for over 80s up by £100, child tax credit up by £50 a year above inflation. Read Plebble's budget summary in full>>
Budget 2008: Alistair Darling's D-day boxComments on what the budget is likely to mean from Alistair Darling in 2008. Personally I would like him to scrap the ecise licence on all vehicles and add the tax to fuel. This would help cut congestion on our roads. Put a tax on aviation fuel.
It's official (even if it is unfair): Northern Rock has been a huge disaster for the GovernmentEasily the best assessment I've seen thus far of the Northern Rock situation, and the bias of a tabloid press, which even the BBC seems to have fallen for.
Chancellor queries utility price risesThe Chancellor has called for a meeting with the energy regulator Ofgem and the Gas and Electricity Markets Authority.
Could UK police take industrial action?It is currently a criminal offence under law for UK police to take industrial action, but there is growing support for police to have the ability to take strike action. But following a betrayal of the police by the New Labour government this could change.
Northern Rock collapse will cost taxpayer £29.1bnThe amount the taxpayer has lent to Northern Rock is believed to have risen to £29.1billion.
Pressure builds over missing data Senior officials knew about a decision to include financial details of millions of Britons on computer discs that then went missing in the mail, the Conservatives said on Thursday.
Ministry of Mayhem as officials make 2,000 security blunders in 12 monthsBungling officials who lost the personal and banking details of everyone who receives child benefit were guilty of more than 2,100 security breaches last year - dragging Gordon Brown to the centre of the shambles.
Thousands change PIN codes over fraud fearsThousands of people changed their bank account PIN codes yesterday as concern grew over the potential criminal abuse of the 25 million sets of personal details lost by Revenue & Customs.
Brown says sorry for benefits blunder - but man to blame gets full pay and pensionThe man who quit over the lost data scandal is still on full salary and in line for an early retirement package. Paul Gray, 59, resigned as chairman of the HM Revenue & Customs yesterday after two discs containing confidential details of 25 million people were lost.
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