Tag: George Osborne

Thursday, January 24th 2019 - 09:04 UTC
Mrs. May commits peace and reconciliation funds for Northern Ireland, regardless of Brexit

The British government will remain committed to funding peace and reconciliation in Northern Ireland regardless of Brexit, the prime minister has said. Theresa May made the pledge in a letter to “reassure” the DUP. It comes amidst strains in the relationship over the border backstop.
Sunday, April 23rd 2017 - 06:51 UTC
UK government recovers the £20.3bn spent bailing out Lloyds Banking Group

The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more - £20.4bn - back.
Monday, June 27th 2016 - 10:06 UTC
UK ready to face the future from a position of strength, says Chancellor Osborne

Chancellor of the Exchequer George Osborne has said the UK is ready to face the future “from a position of strength” and indicated there will be no immediate emergency Budget. However he admitted there would still need to be an “adjustment” in the UK economy, and it was “perfectly sensible to wait for a new prime minister” before taking any such action.
Wednesday, June 15th 2016 - 07:54 UTC
Brexit debate escalates: Remains warn of a fiscal “black hole”; Vote Leave slams “hysterical prophecies”

UK Chancellor of the Exchequer George Osborne says he will have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn “black hole” if the UK votes to leave the European Union. The chancellor will say this could include raising income and inheritance taxes and cutting the NHS budget.
Saturday, January 23rd 2016 - 04:35 UTC
IMF chief Lagarde will stand for a second term

The head of the International Monetary Fund, Christine Lagarde, has confirmed she will stand for a second term. Ms Lagarde threw her hat into the ring during an appearance on French television.
Monday, December 28th 2015 - 07:59 UTC
UK largest banks paid no corporation tax in 2014, by offsetting past losses

Five of the largest banks in the UK paid no corporation tax in 2014, despite making billions of pounds in profits, analysis by Reuters has shown. JP Morgan, Bank of America Merrill Lynch, Deutsche Bank, Nomura Holdings and Morgan Stanley paid no corporation tax at all, the news agency said. The banks offset past losses against their taxable income for 2013-14.
Saturday, October 31st 2015 - 09:40 UTC
UK and Brazil committed to exchange of EU/Mercosur market access offers by end of 2015

The United Kingdom and Brazil reaffirmed on Friday their support for the success of the European Union/Mercosur Association agreement negotiations in the framework of the eighth meeting of the UK-Brazil Joint Economic and Trade Committee (JETCO) which emphasizes bilateral cooperation and initiatives.
Wednesday, October 21st 2015 - 07:34 UTC
China's Xi in UK to promote business and investments, including nuclear plant

China's leader Xi Jinping is expected to put the seal on its contribution to what will be the first United Kingdom nuclear power plant to be built in a generation. The plant could be opened by 2025 at Hinkley Point, in Somerset, with China likely to cover about 30% of the cost.
Wednesday, October 14th 2015 - 05:57 UTC
UK's new polar ship to be built in Britain; delivery scheduled for 2019

The U.K. Government announced on Monday that Cammell Laird in Birkenhead has been selected as the preferred bidder to build the nation’s new £200 million polar research ship. The decision follows a 12-month competitive tender process that involved bids from companies in the U.K., Spain, Norway, Singapore and South Korea.
Thursday, October 8th 2015 - 09:02 UTC
Osborne emerges as potential successor of Cameron as head of Conservatives

British finance minister George Osborne has emerged as a potential successor to David Cameron as head of the Conservatives amid buzz at the party's annual conference over who the favorite might be.