Topic: George Osborne

Rebekah Brooks discusses links to British PM Cameron in phone hacking inquiry

Rebekah Brooks, former CEO of Rupert Murdoch's News International, talked about her relationship with British Prime Minister David Cameron and former prime minister Tony Blair in testimony Friday before the Leveson inquiry.

In nationwide strike, British trade union workers protest pension reform

As the British government proposes reforms to public workers' pensions amid the country's economic woes, some 2 million people went on a 24-hour walkout, affecting services nationwide.

'Eurobonds' anyone? Officials call for EU-wide fiscal policies to ease debt crisis

But that hasn't dampened calls from critics who worry that centralizing European Union fiscal policy would impinge on national sovereignty – and possibly even worsen the crisis.

Ireland's $90 billion question: Does it need a bailout?

Ireland is set to host EU and IMF officials Thursday in ongoing talks about a bailout for the debt-stricken nation.

Britain's budget cuts: One good step. Many more needed.

The new Conservative government outlined £81 billion in budget savings through 2015.

The British are “manning up” – or rather, just “manning”

As the British take on a new era of austerity, are they manning up or just manning their jobs?

UK slashes budget: Feels “like an amputation”

Like the US, the UK is massively in debt and running huge annual budget deficits. Unlike the US, the UK decided to act, slashing spending programs in a new program of 'austerity.'

Harry Potter and the Social Security stone

Researchers claim to have found a way to extend lifespans by 12 percent. What does this mean for America's Social Security and Britain's social pensions?

Budget cuts are cracking the West's defenses

Facing budget shortfalls, Britain and France must make difficult choices that could reshape how Western allies meet common security challenges.

Can austerity trigger growth?

New research shows austerity can stimulate economic growth by calming bond markets, which lowers interest rates and promotes investment.

G20 summit dilemma: Stimulate economic growth or rein in deficits?

The chief question at this weekend's G20 summit will be how to keep the world economy growing. The Europeans are cutting government spending, ignoring President Obama's call for more stimulus.

UK budget: Why it's better than expected

The bad news was of tax increases, the good news was of tax decreases and spending cuts, the really good news was corporation tax down by one point every year to 24 percent, lowest among the big European economies.

Queen Elizabeth II accepts support freeze; Europe's faces tough cuts

Queen Elizabeth II accepts support freeze, sales taxes are increased, and deep budget cuts are eyed by Europe.

UK budget 2010: New era of austerity in Europe?

UK budget 2010: Britain today unveiled budget cuts to raise £40 billion in state revenues through tax increases, welfare cuts, and salary freezes. But history suggests that raising taxes during a recession can cause a double-dip.

Britain gives more power to Bank of England

By eliminating the Financial Services Authority, Britain gives the Bank of England far more precise control over the money supply.

Britain's budget cutter George Osborne: Let's follow the Canadian model

Taking another look at how we measure inflation

Since no central bank could ever gather and process enough information to have a genuinely accurate idea of what is going on as millions of prices fluctuate against each other, is a completely non-targeted accurate measure of the market possible?

In Ohio, Obama says his policies have created jobs. Is that true?

Visiting a manufacturing plant in Youngstown, Ohio, President Obama said the $787 billion Recovery Act helped avert a possible depression. Critics – especially Republicans – aren't so sure.

Future of the British Financial Services Authority

Outgoing FSA head Hector Sants is expected to seek tighter regulation of British banks. Too much regulation, however, could create real problems.

David Cameron releases Tory manifesto ahead of UK general election

With the UK general election campaign in full swing, Tory leader David Cameron unveiled a Conservative Party platform Tuesday that he hopes will lead the party back to power after 13 years in opposition.

Council, inheritance taxes – the worst of an ugly lot

Some taxes are more unpopular than others. 

Britain's Cameron – prime minister-in-waiting?

At the Conservative Party's conference Thursday, David Cameron will try to project a more compassionate image even as he calls for public-spending cuts and tax hikes.

Why Britain is leading the world out of the banking crisis

On Tuesday, the US was the latest nation to follow Gordon Brown's blueprint for rescuing banks.