MANCHESTER (Reuters UK) - Prime Minister Gordon Brown said on Sunday changes had to be made to pay and incentives in the financial sector that he said helped trigger the credit crisis. "There's been a great deal of irresponsibility. Mistakes have been made in the city,"...
MANCHESTER (Reuters) - British Prime Minister Gordon Brown said on Sunday changes had to be made to pay and incentives in the financial sector that he said helped trigger the credit crisis. "There's been a great deal of irresponsibility. Mistakes have...
LONDON (Reuters UK) - Prime Minister Gordon Brown will meet European leaders in Paris this weekend to discuss the financial crisis, but there are no plans to talk about a European bailout, Brown's spokesman said on Thursday."When the Prime Minister spoke to President Sarkozy this morning he confirmed that he...
PARIS (Reuters UK) - Euro zone countries are expected to adopt comprehensive plans to shore up their banking sectors, Prime Minister Gordon Brown said on Sunday."I believe that our European colleagues will move ahead with the comprehensive plans that they are now discussing at the meeting that is taking place,"...
LONDON (Reuters UK) - Prime Minister Gordon Brown established a National Economic Council on Friday to coordinate economic policies across government and help people cope with the fallout from the financial crisis."Britain is facing a period of immense economic challenges," Brown's office said in a statement. "The National Economic Council...
LONDON (Reuters UK) - Stephen Timms returned to the Treasury on Sunday as financial secretary under Chancellor Alistair Darling, the third time he has been given the job.Timms, who switches from his previous position as employment minister, replaced Jane Kennedy who has moved to the environment ministry after Prime Minister...
By Sumeet DesaiUNITED NATIONS (Reuters UK) - Prime Minister Gordon Brown urged the U.S. Congress on Thursday to approve a $700 billion (377 billion pounds) plan to buy up financial institutions' illiquid assets to get financial markets moving again.U.S. President George W. Bush has already called an emergency meeting with...
Corrects final paragraph to make clear money transferred to New York from London, instead of from New York to London. MANCHESTER (Reuters) - British Prime Minister Gordon Brown said on Saturday he was pushing the United States to help return $8...
Corrects final paragraph to make clear money transferred to New York from London, instead of from New York to London. MANCHESTER (Reuters UK) - Prime Minister Gordon Brown said on Saturday he was pushing the United States to help return $8 billion (4.4 billion pounds) from...
LONDON (Reuters UK) - Prime Minister Gordon Brown and his chancellor, Alistair Darling, will hold talks on the financial crisis with the governor of the Bank of England, Mervyn King, later on Tuesday, a spokesman said.The meeting, scheduled for 5 p.m., will also include the chairman of the Financial Services...
LONDON (Reuters UK) - Prime Minister Gordon Brown said on Friday it would be "wrong" for the Organisation of the Petroleum Exporting Countries OPEC to cut production just as oil prices are falling."I'm concerned when I hear that the OPEC countries are meeting, or are about to meet, to discuss...
LONDON (Reuters UK) - Prime Minister Gordon Brown hinted at further coordinated action in world financial markets on Friday, saying talks were being held with Washington and Paris about steps that could be taken. Brown, who condemned "irresponsible behaviour" in the City on Thursday, shortly...
LONDON (Reuters UK) - Shares in Royal Bank of Scotland slumped 41 percent in late trading on Tuesday to their lowest level since late 1993 amid concerns over funding needs for the banking sector.HBOS fell 38 percent, while Lloyds TSB and Barclays shed 10.9 and 17 percent, respectively.Prime Minister Gordon...
LONDON (Reuters UK) - Prime Minister Gordon Brown said on Wednesday he expected to see new rules on short-selling come into place when a current moratorium on the practice comes to an end.The Financial Services Authority slapped an unprecedented four-month ban on the short-selling of financial stocks last Thursday, saying...
LONDON (Reuters UK) - Prime Minister Gordon Brown said on Tuesday he was confident a takeover of mortgage lender HBOS HBOS by Lloyds TSB LLOY will go ahead."I'm confident from talking to people involved that this merger is going ahead," he said in an interview with Sky News."At the end...
LONDON (Reuters UK) - Prime Minister Gordon Brown said on Tuesday he was confident a takeover of mortgage lender HBOS HBOS by Lloyds TSB LLOY will go ahead."I'm confident from talking to people involved that this merger is going ahead," he said in an interview with Sky News."At the end...
LONDON (Reuters UK) - U.S. lawmakers' rejection of a $700 billion (388 billion pound) financial bailout plan was "very disappointing," Prime Minister Gordon Brown said on Monday.The U.S. House of Representatives earlier voted against the plan to help the financial industry in a shock vote that sent global markets sliding."The...
Grace Cheng submits: Yesterday it was Labor Day in the US, and a very different kind of Labour day in the UK. While in the US, people were “celebrating” the end of the summer holidays, in the UK the Labour party was working hard at damage control. In an interview...
LONDON (Reuters UK) - The government is staying in touch with "relevant parties" in the Lloyds TSB takeover of mortgage lender HBOS, the spokesman for Prime Minister Gordon Brown said on Wednesday."Of course the government is staying in touch with the relevant parties," the spokesman said.Shares in HBOS fell as...
BIRMINGHAM (Reuters UK) - David Cameron said on Sunday a future Conservative administration would find it tough to stick as promised to the government's spending plans and could not rule out raising taxes.But the Conservative leader told BBC television that over a full economic cycle it should be possible to...
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