G7 Finance Ministers, Governors meet in Washington

Group of 7 Finance Ministers James Flaherty (Canada), Christine Lagarde (France), Peer Steinbrueck (Germany), US Treasury Secretary Henry Paulson, Giulio Tremonti (Italy), Soichi Nakagawa (Japan), Alistair Darling (UK), and Jean-Claude Juncker (Eurogroup) (L to R) stand on the steps of the Treasury Department as they are photographed in Washington on October 10, 2008. The ministers are in town for the semi-annual World Bank and International Monetary Fund meeting occurring this weekend. (UPI Photo/Roger L. Wollenberg)

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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

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Britain guarantees Icesave accounts

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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.

Brown bending his own fiscal rules

LONDON, Oct. 29 (UPI) -- The recession means Britain needs to break the rules of fiscal prudence he set as chancellor of the exchequer, Prime Minister Gordon Brown said Wednesday.

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.

Walker's World: Europe fails to act

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Inflation jumps in Britain

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