
British Members of Parliament are facing further embarrassment over their expenses as it emerged more than 50 had claimed for council tax they had not paid. Some have raked in thousands of pounds on phantom local authority bills, according to the Daily Telegraph.

Gordon Brown has admitted that he has been hurt by the personal attacks on him during the failed attempt to oust him this month, and said that he might move to teaching after he leaves office.

Britain’s Business Secretary Lord Mandelson said the US government has given a positive response to his case for continued General Motors production in the UK.

Switzerland has agreed a new bilateral framework on sharing tax information with the United States, as it continues to ease its once strict banking secrecy. In March, the Swiss government announced that it would start to abide by the current global standards on sharing bank data.

A small number of British Members of Parliament and peers will face criminal investigations into allegations they misused their expenses. Scotland Yard said on Friday a joint assessment panel of senior detectives and prosecutors had decided full inquiries were necessary.

Bank of England governor and the Chancellor of the Exchequer have clashed on what needs to be done to control banks and prevent a repeat of the financial crisis. In his annual Mansion House speech to the City, Mervyn King called for more authority to intervene in the actions of banks seen to be behaving riskily.

The expenses claims of every British Member of Parliament over the past four years have been published, after a string of scandals. Commons authorities say the database, which was due to be made public in July were posted online on Thursday.

A British minister has quit the Government after allegations that she avoided paying up to £17,000 in capital gains tax by flipping her second home. Kitty Ussher said she had not done anything wrong, but was quitting as Exchequer Secretary to avoid causing embarrassment to Gordon Brown.

Britain is pressing Spain and the European Commission to resolve the dispute over designation of British Gibraltar Territorial Waters and will continue to do so until a solution is found, reports the Gibraltar Chronicle

The leaders of Brazil, Russia, India and China -- the BRIC nations -- called for a more diversified currency system and a new global order after holding their first summit amid growing talk over the US dollar future as the global reserve unit.