Tag: George Osborne

• Tuesday, April 8th 2014 - 07:38 UTC

  UK minister arrives in Brazil to ramp trade with generous export financing

  

  At the start of a three day trade trip to Brazil, the Chancellor of the Exchequer George Osborne announced the next stage in the UK government’s fundamental overhaul of finance for exporters which should move the UK to the top of the global league for export support.

• Tuesday, April 8th 2014 - 00:21 UTC

  Rolls-Royce marine facility in Rio to support Brazil's oil industry

  

  Chancellor of the Exchequer George Osborne MP on a three-day visit to Brazil announced on Monday that Rolls-Royce is to build a new £ 22 million Marine facility in Duque de Caxias, Rio de Janeiro.

• Friday, March 28th 2014 - 06:45 UTC

  London becomes hub for Chinese currency dealings and clearing

  

  The Bank of England has agreed a deal with the People's Bank of China to make London a hub for Chinese currency dealing. The memorandum of understanding, to be signed next Monday, sets out settlement and clearing arrangements for the Renminbi, or Yuan, in London.

• Friday, February 21st 2014 - 07:30 UTC

  Chancellor Osborne warns UK recovery 'is not yet secure' despite recent growth surge

  

  UK Chancellor George Osborne said next month’s Budget will continue to confront Britain’s problems as he cautioned the recovery was “not yet secure” despite a recent surge in growth.

• Tuesday, February 18th 2014 - 20:30 UTC

  Scotland independence leads to debate on the pound and EU membership

  

  Separatist leader Alex Salmond insisted that Scotland would keep the pound if it left the UK and accused British politicians of bluffing by ruling out a currency union in a campaign of fear that would provoke a backlash from Scots.

• Friday, July 12th 2013 - 08:08 UTC

  World banks lining up submissions for the nationalized 39% holding in Lloyds

  

  Top banks are putting their submissions to the UK Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the sale of RBS, which is 81% owned by the taxpayer, to come later.

• Friday, May 24th 2013 - 07:23 UTC

  British Overseas Territories tax havens hold £ 4 trillion, claims Oxfam

  

  People using tax havens have deprived governments worldwide of £100 billion in revenue, enough to end extreme poverty twice over, according to new figures published by Oxfam. The total amount of lost tax revenue is far higher than £100 billion, as the figure only includes tax dodged by individuals, and not companies.

• Thursday, May 2nd 2013 - 07:56 UTC

  British tax havens will have to open their banking systems to UK and EU scrutiny

  

  Tax havens such as Bermuda and the Cayman Islands will work more closely with Britain and other European countries to fight tax evasion, British finance minister George Osborne said.

• Friday, April 26th 2013 - 07:25 UTC

  UK spring surprise: economy expands 0.3% in first quarter

  

  Britain has avoided falling into its third recession since the 2008 global financial crisis, after the economy grew by a better-than-expected 0.3% in the first quarter of 2013 compared with the final three months of last year, official data showed on Thursday.

• Wednesday, April 24th 2013 - 23:29 UTC

  UK launches legal challenge against the EU financial transactions tax

  

  The UK government has launched a legal challenge against plans for a European financial transactions tax (FTT), according to the BBC. The FTT will be adopted by 11 EU states, but not by the UK and Ministers fear it could be imposed on UK firms trading with businesses based in one of the 11 states.