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Further volatility ahead but UK economy strong, says OsborneFinance minister George Osborne said Britain's vote to leave the European Union was likely to lead to further volatility on financial markets but said the world's fifth-biggest economy would cope with the challenge ahead. More… |
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Osborne sticks to austerity plan in British budgetBritish finance minister George Osborne courted voters ahead of an election in 2015 with promises of help for savers, tax breaks for manufacturers and lower levies on beer and bingo. In an upbeat annual budget statement, Osborne a More… |
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UK growth halved; Osborne turns to Bank of England for helpBritish finance minister George Osborne turned to the Bank of England on Wednesday to do more to help spur the country's stagnant economy as he announced a halving of this year's growth forecast. More… |
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Greece may have to quit euro says OsborneEurope may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Britain's finance minister George Osborne suggested in remarks certain to enrage euro zone leaders. More… |
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UK seeking $80bn infrastructure boostBritish ministers are drawing up plans for a 50-billion-pound ($80-billion) housing and road-building programme harnessing private sector money, a newspaper reported on Sunday. With the euro zone debt crisis More… |
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UK slaps banks with $3.1bn annual taxBritain slapped a 2 billion pounds ($3.1 billion) tax on bank balance sheets on Tuesday as the new government said the industry must pay the price for its part in the financial crisis. 'This was a crisis that started in the banking sec More… |
