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Financial crisis Alistair Darling's 24 hours of indecision

telegraph.co.uk
Oct. 7, 2008
After a weekend at home in Edinburgh Alistair Darling returned to his Treasury office early on Monday morning knowing he was facing yet another day in the eye of a financial storm.
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Britain considers monitoring bank lending

LONDON, Nov. 28 (UPI) -- The British Treasury said it was considering emergency steps to ensure banks are making loans to consumers and small businesses.

Debate over Britain's stimulus plan begins

LONDON, Nov. 25 (UPI) -- Britain's Chancellor of the Exchequer and the opposition Shadow Chancellor sparred Tuesday over the government's $30.5 billion stimulus package.

Britain set for drastic economy moves

LONDON, Nov. 22 (UPI) -- British Prime Minister Gordon Brown is about to implement drastic moves aimed at stemming the soaring number of home foreclosures, sources say.

Lloyds TSB shareholders approve merger

GLASGOW, Scotland, Nov. 19 (UPI) -- Lloyds TSB shareholders gave their approval Wednesday for the purchase of HBOS with 96 percent voting yes at a shareholder meeting in Glasgow, Scotland.

Britain prodded reluctant banks on rates

LONDON, Nov. 9 (UPI) -- British bankers had to be strong-armed by Chancellor Alistair Darling into passing along a Bank of England interest rate cut to consumers, sources say.

Britain guarantees Icesave accounts

LONDON, Nov. 6 (UPI) -- The British Treasury will cover $1.57 billion in losses suffered by British citizens with accounts at a failed Icelandic bank, Alistair Darling said Thursday.
Darling says BOE could cut lending rate

Darling says BOE could cut lending rate

LONDON, Oct. 30 (UPI) -- Britain's Chancellor of the Exchequer Alistair Darling suggested a Bank of England lending rate cut was possible but didn't declare it a done deal.

Britain seizes Bradford & Bingley bank

LONDON, Sept. 29 (UPI) -- British regulators seized Bradford & Bingley Monday, taking control more than $90 billion in assets, and engineering a partial sale to a Spanish bank.

Darling vows financial crackdown

MANCHESTER, England, Sept. 22 (UPI) -- Britain's chancellor of the exchequer Monday said a worsening economy mandates the need for tougher financial and banking regulations.

Home sales in Britain fall to 30-year low

LONDON, Sept. 9 (UPI) -- Home sales in Britain have slumped to the slowest pace since 1978, the Royal Institution of Chartered Surveyors said.

Darling River in Australia runs dry

CANBERRA, Australia, Aug. 8 (UPI) -- Experts say too much water is being taken out of the Darling River in Australia for irrigation, aggravating droughts.

Foreclosures jump 40 percent in Britain

LONDON, Aug. 6 (UPI) -- Home repossessions in Britain rose 40 percent in the first quarter of the year, the Financial Services Authority said.
Britain considers moratorium on stamp duty

Britain considers moratorium on stamp duty

LONDON, Aug. 5 (UPI) -- British Prime Minister Gordon Brown is considering a moratorium on Britain's stamp duty tax to breath new life into a slumping housing market, sources said.
Northern Rock recovery hits a snag

Northern Rock recovery hits a snag

LONDON, Aug. 5 (UPI) -- The British Treasury said Tuesday it would convert nearly $6 billion in loans to Northern Rock bank into common bank shares to help balance its books.

Darling: British taxpayers are fed up

LONDON, July 19 (UPI) -- Chancellor of the Exchequer Alistair Darling said many British taxpayers are unwilling to pony up more money to pay for public services.
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