LONDON - Prime central London homes have gained about 1,200 pounds a day in value over the past year, taking their average price to 3.2 million pounds at end-November and underscoring their More »
LONDON - When Italy's welfare minister shed tears in announcing an increase in the retirement age, people might have thought she was crying for a lost generation of European youth. For opinion More »
Personal finance expert and Founder and CEO of Learnvest.com, Alexa von Tobel, shares what she has learned on the sometimes rocky road to building a small business from scratch. More »
LONDON – The government said on Thursday it is seeking permission to appeal to the Supreme Court to overturn a High Court ruling that the timing of its decision to cut subsidies for solar panels on homes was unlawful.
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Government seeks Supreme Court appeal on solar cuts
LONDON – The Liberal Democrats called for the government on Thursday to accelerate plans to exempt more low-paid workers from paying income tax, hoping to fund the move by taxing expensive homes and clamping down on tax evasion.
LONDON – Britain’s economy may have entered a mild recession in the last three months of 2011, hampering the government’s core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.
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UK economy heads for recession
LONDON – The government on Wednesday lost a bid to overturn a High Court ruling that the timing of its decision to cut subsidies for solar panels on homes was unlawful.
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Court rejects government appeal on early solar subsidy cut
LONDON – Shareholders should be given a binding vote over how large British companies manage executive pay and more companies should be able to claw back cash from highly-paid staff who fail to deliver, Business Secretary Vince Cable said on Monday.
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Shareholders to get vote on executive pay
GENEVA – The International Labour Organization sounded the alarm on the global jobs situation in its annual report on Monday and called for more coordination of fiscal policies, repair and regulation of the financial sector and support for the real economy.
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World needs 600 million new jobs in next decade
LONDON – British asset managers suffered a wave of withdrawals in the final three months of last year, as clients fretting about a deepening euro zone crisis and choppy financial markets trimmed exposure to investment funds.
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UK fund houses hit by client exits
LONDON – Workers at state-backed banks RBS and Lloyds will get maximum cash bonuses of 2,000 pounds this year, Prime Minister David Cameron said on Thursday.
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Government to limit cash bonuses at state-backed banks
LONDON – Bonuses in Britain’s financial services sector have “got out of control” in recent years, Prime Minister David Cameron said on Thursday, adding cash payments at state-backed banks would again be limited to 2,000 pounds.
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Government to curb cash bonuses at state-backed banks
LONDON – The British economy is languishing in a mild recession but will return to modest growth by April-June as the Bank of England maintains its ultra-loose monetary policy and the euro zone muddles through its debt crisis, a Reuters poll found.
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Britain’s economy in mild recession – Reuters poll
