Britain's Deputy Prime Minister Nick Clegg says that the coalition government's approach to deficit reduction will differ from Margaret Thatcher's cuts, avoiding confrontations, social divisions, and regional disparities.
By making capital investment less attractive, a capital gains tax would lower British investment.
While the dueling parties still don't have a solution to the hung parliament result after the UK election, there are two policies they are likely to agree on. Will the triumphant party reach across lines to pass these measures?
European Union leaders gathering for a crucial summit Thursday face tough choices: come to Greece’s rescue with the first ever bail out of a eurozone state or hold back and see if Greek spending cuts and reforms can avert a default.