G-7 Finance Ministers meet at Treasury Department in Washington

British Finance Minister Alistair Darling poses for a photograph at the Treasury Department in Washington on October 19, 2007. (UPI Photo/Alexis C. Glenn)

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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.

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

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

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.

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.

Truck drivers protest fuel costs in London

LONDON, July 2 (UPI) -- Truck drivers calling for a rebate on fuel taxes converged on London Wednesday for escorted, "go-slow" trips through the city, observers said.

Bank of England maintains interest rates

LONDON, June 5 (UPI) -- Falling house prices did not stop the Bank of England from maintaining its key interest rate at 5 percent Thursday, economic observers said.

UPI Energy Watch

The World Wildlife Federation has asked Canada to halt oil plans for the Beaufort Sea; U.K. Prime Minister Gordon Brown has called for increased oil output; Indonesia will leave OPEC despite new oil and gas finds.

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.

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