LONDON, Feb. 10 (UPI) -- A close confidant of British Prime Minister Gordon Brown said the global recession was evolving into the worst downturn in 100 years.

LONDON, Jan. 21 (UPI) -- Bonuses paid to staff members of Britain's nationalized Northern Rock bank have provoked criticism from some corners, support from others.

LONDON, Nov. 1 (UPI) -- Royal Bank of Scotland, which is being bailed out with British taxpayers' money, has signaled it is preparing to pay bonuses to thousands of staff members.

LONDON, July 8 (UPI) -- The British Treasury is looking at a budget deficit of nearly $15 billion next year, due to the nation's sliding economy, a research group said.

BLACKPOOL, England, Sept. 20 (UPI) -- The British Liberal Democrats needs to remodel themselves as a party of progressive taxation, not higher taxation, its treasury spokesman said Tuesday.

WASHINGTON, March 23 (UPI) -- U.S. President George Bush has picked Tim Adams as the Treasury's new under secretary for international affairs, the White House said Wednesday.

LONDON, Feb. 28 (UPI) -- Britain's Liberal Democrats plans for the economy ahead of the coming election include an increase in the top rate of tax.