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Goldman Sachs hires former British PM Sunak as adviser

Goldman Sachs has today named former UK Prime Minister Rishi Sunak its senior adviser, adding a veteran policymaker to its roster as banks navigate rising geopolitical and regulatory uncertainty.

Business • 08 Jul

George Osborne may be lining up a bid to replace Christine Lagarde as head of the IMF

Ex-British finance chief Osborne eyes IMF role - media

Former British finance minister George Osborne is lining up a bid to replace Christine Lagarde as head of the International Monetary Fund, UK newspapers reported Thursday.

Business • 04 Jul 19

George Osborne will take up his role in early May, editing the paper an average of four days a week

Former UK chancellor Osborne appointed newspaper editor

Former British chancellor of the exchequer George Osborne has been appointed editor of the London Evening Standard, its owner Evgeny Lebedev said.

UK • 17 Mar 17

Wolfgang Schaeuble was speaking following British plans to cut tax

Schaeuble warns against race to bottom on tax

German Finance Minister Wolfgang Schaeuble has said he opposes a race of competitive tax cuts in Europe after Britain said it may slash corporate tax.

News • 06 Jul 16

Austrian Finance Minister Hans Joerg Schelling also said the UK could break up

Austrian minister says UK will not leave EU

Britain will not quit the European Union despite voting to do so in last month's June referendum, Austrian Finance Minister Hans Joerg Schelling has said.

News • 05 Jul 16

George Osborne said the UK must show it was 'still open for business'

Osborne planning UK corporation tax cut

UK Chancellor George Osborne is planning to cut corporation tax to less than 15% as part of a plan to give Britain a post-Brexit vote boost.

News • 04 Jul 16

Mr Osborne said Britain would be poorer due to the its decision to leave the EU

UK taxes will have to go up after Brexit - Osborne

Britain will need to raise taxes and cut spending later this year to stabilise the public finances after last week's shock vote to leave the European Union, the UK finance minister George Osborne said today.

Business • 28 Jun 16

Mark Carney said there was no political bias at the Bank of England

Bank of England chief defends Brexit comments

Bank of England boss Mark Carney has denied accusations of giving out Treasury Brexit "propaganda" and said it was his job to "come straight with the British people" over the risks.

World • 24 May 16

David Cameron said a Brexit would jeopardise the efforts made by the UK to recover from economic hardship

Cameron warns leaving EU is 'self-destruct option'

Britain's two most powerful politicians have warned that a vote to leave the European Union in a month's time could push the country into a year-long recession and cost at least half a million jobs.

Business • 23 May 16

Brexit could cost each household £4,300 a year by 2030, George Osborne warns

Osborne warns of Brexit hit to UK economy

British finance minister George Osborne said a vote to leave the European Union would do permanent damage to the country's economy.

Business • 18 Apr 16

George Osborne unveils his 8th budget in the Commons today

Britain cuts growth outlook in annual budget

British Chancellor George Osborne has said the UK economy was growing faster than in any other major advanced country in the world and was "on course for a budget surplus".

Business • 16 Mar 16

Leaving the EU would represent a profound economic shock for the UK, its finance minister warns

Osborne says Brexit would be 'profound shock'

Sterling's decline this week is a reminder that the outcome of the UK referendum on its membership of the European Union will have real economic consequences, finance minister George Osborne said.

Business • 26 Feb 16

UK finance minister George Osborne gives his half-yearly budget update

UK's Osborne raises budget target

British finance minister George Osborne surprised his critics today by increasing his budget surplus target for the end of the decade.

Business • 25 Nov 15

UK Finance Minister says Britain still spends too much and borrows too much

UK budget for the 'working people' - Osborne

British Chancellor George Osborne has pledged to create a "higher wage, lower tax, lower welfare" Britain as he unveiled the first Tory-only Budget for nearly 20 years.

Business • 08 Jul 15

The UK government pumped £45.8 billion into RBS to rescue it during the 2007-9 financial crisis

UK targets sale of half its RBS stake in 2 years

Britain is planning to sell half its stake in Royal Bank of Scotland, worth £16 billion, within two years of a possible first sale in September, according to sources.

Business • 06 Jul 15

The UK bank levy was raised in March to 0.21% of a bank's assets from 0.16% previously

UK banks want industry levy phased out

Britain's banks have called upon the government to phase out the bank levy, saying it is damaging the competitiveness of the industry.

Business • 06 Jul 15

RBS is Britain's fourth-biggest bank by market value and owns Ulster Bank here

Britain to start selling its shares in RBS

Britain will start selling its £32 billion stake in Royal Bank of Scotland in the coming months, UK finance minister George Osborne said last night.

Business • 11 Jun 15

The British government sold 60% of the postal company in 2013

Britain to sell remaining stake in Royal Mail

Britain will start selling its remaining 30% stake in postal operator Royal Mail, which is worth about £1.5bn, as part of a drive to fix the budget deficit, finance minister George Osborne has said.

Business • 04 Jun 15

UK's annual inflation rate fell to -0.1% in April

UK inflation negative for first time since 1960

The UK's annual rate of consumer price inflation fell below zero for the first time since the 1960s, official figures showed today.

Business • 19 May 15

Good news for British finance minister George Osborne ahead of UK elections

UK's Osborne avoids deficit slip-up

British finance minister George Osborne met his target for lowering the country's budget deficit in the 2014/15 financial year.

Business • 23 Apr 15

UK economy grew by 2.8% last year, new ONS figures show

UK economic growth better than expected

The UK economy grew more strongly than previously thought last year according to revised official figures showing gross domestic product (GDP) rose by 2.8%.

Business • 31 Mar 15

UK government now owns less than 22% of Lloyds Banking Group after latest stake sale

Another Lloyds stake sold by UK government

The UK government has sold another chunk of its stake in Lloyds Banking Group, taking its holding in the bailed-out lender below 22%.

Business • 26 Mar 15

UK finance minister George Osborne raises economic growth figures

Britain increases growth forecasts for 2015

Britain raised its official growth forecasts slightly as finance minister George Osborne unveiled the final Budget before the 7 May general election.

Business • 18 Mar 15

Despite major restructuring and thousands of job cuts RBS has reported losses of almost £50 billion since 2008

Britain seeking quick sale of RBS - report

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times.

Business • 06 Mar 15

British Chancellor George Osborne delivered his budget update to the country's parliament

NI could gain control of its corporation tax rate

Britain has said it would allow Northern Ireland to set its own corporation tax if the executive shows it can manage the financial implications of a reduced rate.

Business • 04 Dec 14