UK government looks to stabilize banking system

Oct. 7, 2008

LONDON (Reuters) - British Prime Minister Gordon Brown and Finance Minister Alistair Darling will meet the heads of the Bank of England and Financial Services Authority on Tuesday for talks on stabilizing the banking system.

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.

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

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 partially nationalizes three banks

LONDON, Oct. 13 (UPI) -- The British government said Monday it was ready to inject $64 billion into three banks in a move offered as a model rescue plan to other nations.

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.

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.

Calls mount for Brown's resignation

LONDON, July 26 (UPI) -- British Prime Minister Gordon Brown Saturday faced more calls to resign after the Labor Party suffered another unexpected by-election loss.

Brown downplays Scottish defeat

LONDON, July 25 (UPI) -- British Prime Minister Gordon Brown brushed off a possible leadership challenge Friday after his Labor party was trounced in a Scottish election.

Obama to meet with Blair before Brown

LONDON, July 23 (UPI) -- U.S. presidential hopeful Barack Obama has ruffled feathers in London by planning to see former Prime Minister Tony Blair before his successor, observers say.

Brown: Iran must stop nuclear program

JERUSALEM, July 21 (UPI) -- British Prime Minister Gordon Brown told Israelis Monday that Iran faces new sanctions if it fails to abandon its nuclear program and threatening Israel.

Brown says he will fight only one election

LONDON, June 21 (UPI) -- British Prime Minister Gordon Brown has told senior Cabinet members the next general election, win or lose, will be his last, The Daily Telegraph reports.

Brown said pressured to cancel tax hikes

LONDON, May 24 (UPI) -- British Prime Minister Gordon Brown faces calls from his Cabinet to abandon planned automobile tax and import duty hikes, a report published Saturday says.

Britain will offer limited tax rebate

LONDON, May 13 (UPI) -- Britain's Chancellor of the Exchequer Alistair Darling is close to announcing a tax rebate for low-income taxpayers, sources said Tuesday.

Bank of England offers $100 billion swap

LONDON, April 21 (UPI) -- The Bank of England, looking to shore up the country's banks, announced a $100 billion exchange of government bonds for mortgage-backed securities Monday.

Palace misdirects British prime minister

LONDON, March 27 (UPI) -- French President Nicolas Sarkozy's visit to Britain was marred by a faux pas at a state banquet with Queen Elizabeth II and Prime Minister Gordon Brown.