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British treasury chief calls for EU reforms

LONDON, Jan. 15 (UPI) -- British Treasury Minister George Osborne warned Eurozone colleagues they must reform economic treaties and policies or risk further decline.

British government touts huge shale gas rewards

LONDON, Dec. 10 (UPI) -- British Energy Minister Michael Fallon said the potential prize for energy companies taking an early interest in the country's shale potential may be huge.

Friends of Earth chief: Britain shale industry tax breaks ill-advised

LONDON, Dec. 6 (UPI) -- Friends of Earth Executive Director Andy Atkins said a British government decision to consider tax breaks for shale gas developers was ill-advised.

U.K. won't turn back on shale gas

LONDON, Dec. 5 (UPI) -- British Chancellor of the Exchequer George Osborne said during an economic address Thursday his government shouldn't turn away from shale natural gas.

British chancellor's family adopts dog

LONDON, Dec. 2 (UPI) -- British Chancellor George Osborne announced he gave in to demands from his children and added a dog named Lola to the family.

Former P.M. John Major: State schools failing poor children

LONDON, Nov. 12 (UPI) -- Former British Prime Minister John Major, in a speech to Conservatives in Norfolk, said bad state schools are keeping poor children from moving ahead.
RBS to isolate $61 billion in toxic loans

RBS to isolate $61 billion in toxic loans

LONDON, Nov. 1 (UPI) -- The Royal Bank of Scotland said Friday it would create an internal "bad bank" to isolate $61 billion in toxic assets.

Advocacy group official criticizes British energy 'handouts'

LONDON, Oct. 18 (UPI) -- Britain is giving "handouts" to Chinese and French companies to develop nuclear energy but it should focus on renewable energy, an advocacy group official said.

China welcomed to British nuclear sector

TAISHAN, China, Oct. 17 (UPI) -- Chinese investment in the British nuclear energy sector is a means to strengthen bilateral ties, the British energy secretary said Thursday.

Osborne: Welfare must be fair to recipients and taxpayers

MANCHESTER, England, Oct. 1 (UPI) -- Britain faces seven lean years as the government struggles to turn a budget deficit into a surplus, Chancellor of the Exchequer George Osborne said Monday.

Cameron voices strong backing for British shale gas development

LONDON, Aug. 14 (UPI) -- British Prime Minister David Cameron said this week the country "cannot afford" to miss out on the benefits of controversial shale gas development.

Group of 20 to focus on job creation, economic growth

MOSCOW, July 20 (UPI) -- Group of 20 finance ministers said Saturday the group's top priorities are jobs, economic growth and fighting global tax evasion.

Bilderberg Group meeting draws protesters to London suburb

WATFORD, England, June 7 (UPI) -- A meeting of the Bilderberg Group at a golf resort in a London suburb attracted demonstrators and conspiracy theorists to Watford.

Britain to back EU emissions quotas, oppose renewables targets

LONDON, May 29 (UPI) -- Britain will back 2030 European Union targets for emissions reduction but oppose such targets for new renewable energy sources, Energy Secretary Ed Davey says.

EU coming round to pro-stimulus measures instead of cuts

AYLESBURY, England, May 10 (UPI) -- EU senior ministers attending a G-7 summit in this Buckinghamshire town northwest of London are having to wriggle back into a pro-growth posture after months spent on fractious -- and expensive -- campaign for cutbacks, economic retrenchment and overall austerity.

Number of pubs in Britain reportedly dropped sharply

LONDON, May 8 (UPI) -- A pint at the local pub may be a time-honored British tradition, but the Campaign for Real Ale said the number of pubs closing jumped in the past six months.

U.K. under pressure to clean up tax havens

GEORGE TOWN, Cayman Islands, May 3 (UPI) -- British Overseas Territories in the Western Hemisphere will abandon their 'tax haven' status as London struggles to raise cash and counter European charges its Caribbean and other overseas territories encourage tax evasion.

Scotland's break from Britain would mean loss of the pound

GLASGOW, Scotland, April 24 (UPI) -- Scotland will lose the pound as its currency if it chooses independence from England, Wales and Northern Ireland, Britain's chancellor of the exchequer said.

The bad math that lost jobs

PARIS, April 22 (UPI) -- Back in the 1920s, an Austrian newspaper won the title for headline of the decade with a front-page story that read, "Archduke Franz Ferdinand Found Alive; Great War Fought By Mistake."
MARTIN WALKER, UPI Editor Emeritus

Osborne: State was subsidizing Philpott

DERBY, England, April 5 (UPI) -- The case of arsonist killer Mick Philpott illustrates the changes needed in Britain's welfare system, the chancellor of the exchequer said Thursday.

Shale gas in line for Britain tax breaks

LONDON, March 22 (UPI) -- Shale gas would get "generous" tax breaks under the government budget proposal unveiled this week by British Chancellor of the Exchequer George Osborne.

British government wants shale gas rewards

LONDON, March 21 (UPI) -- The British government aims to ensure that local communities benefit from any shale natural gas potential, British Energy Minister John Hayes said.

UPI NewsTrack Business

Moody's downgrades Britain from AAA to Aa1 ... NHTSA limping along, some say ... AOA says rules impede Chinese tourism ... Turkey drops road privatization plan ... News from United Press International.

AOA says rules impede Chinese tourism

LONDON, Feb. 23 (UPI) -- Airport operators in Britain said a substantial portion of revenue is lost due to a cumbersome visa system required for Chinese nationals.

Moody's downgrades Britain from AAA to Aa1

LONDON, Feb. 23 (UPI) -- U.S. rating agency Moody's Friday downgraded its rating of British bonds from AAA to Aa1, sparking criticism from the Labor Party over economic policies.
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