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BRITAIN-TREASURY

The Wire

UK Treasury chief denies expenses abuses

Britain's Treasury chief promised Monday to repay a disputed expense reimbursement as he sought to avoid becoming the highest profile casualty in the furor over lawmakers' allowances.

Britain to lift top income tax rate in 2011

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.

Treasurer Cuts British Growth Outlook

Britain's Treasury chief cut forecasts for domestic economic growth as he delivered his first annual budget on Wednesday against the backdrop of the worst global economic conditions in a decade.

British Gov't Sorry Over Huge Data Loss

It was a civil servant's simple mistake, but the consequences could be vast.

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