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Markets retreat Monday ... Britain seeks to get tough on banks ... Government goes after S&P ... Price at the pump soars in S. California ... News from United Press International.

Britain seeks to get tough on banks

BOURNEMOUTH, England, Feb. 4 (UPI) -- British Chancellor of the Exchequer George Osborne said a new law would allow finance regulators to force banks to divide retail and investment banking.

UPI NewsTrack Business

Stocks climb Friday ... Britain's GDP down in fourth quarter ... Russia to ban beef, pork from U.S., Canada ... Annual new home sales jump 19.9 percent ... News from United Press International.

Britain's GDP down in fourth quarter

LONDON, Jan. 25 (UPI) -- Britain's Office of National Statistics said the country's economy shrank by 0.3 percent in the fourth quarter of 2012 compared to the third.

Britain to fund graphene research efforts

LONDON, Dec. 27 (UPI) -- Britain's government says it will invest $35 million in research into graphene, considered a miracle material for its strength and electronic properties.

Britain aims to encourage shale boom

NEW YORK, Dec. 20 (UPI) -- The British government said it wants to set up the right tax regime to support an emerging shale natural gas industry in the country.

Britain gives green light to fracking

LONDON, Dec. 13 (UPI) -- The British government announced Thursday it was imposing new risk controls that means hydraulic fracturing of shale gas can get under way in the country.

Osborne announces extension of austerity

LONDON, Dec. 6 (UPI) -- British Chancellor of the Exchequer George Osborne announced a combination of tax cuts and cuts in spending on welfare Wednesday in his autumn statement.

Britain denies report of big shale plans

LONDON, Dec. 3 (UPI) -- British officials have denied a report indicating energy ministers are preparing to open 60 percent of the countryside to a shale gas exploration boom.

Britain picks Canadian for BOE post

LONDON, Nov. 26 (UPI) -- British Chancellor of the Exchequer George Osborne announced Monday the next Bank of England governor would be Mark Carney, head of the Bank of Canada.

Areva commits to Scotland turbine plant

GLASGOW, Scotland, Nov. 21 (UPI) -- A French wind turbine manufacturer that had earlier criticized Britain's wavering energy policies this week announced a major new facility in Scotland.

Britain to increase space technology funds

LONDON, Nov. 9 (UPI) -- Britain's government says it will increase its spending on space technology by $95 million in each of the next two years.

U.K. defense chiefs talk early Afghan exit

LONDON, Oct. 13 (UPI) -- British defense officials are discussing plans to pull troops out of Afghanistan sooner than the current 2014 deadline.

Lib Dems, Labor call for decarbonization

BRIGHTON, England, Sept. 26 (UPI) -- Political opponents this week turned up the pressure on Britain's Conservative-led government to commit to a decarbonization of the energy sector by 2030.

London offers tax relief in North Sea

LONDON, Sept. 7 (UPI) -- British Chancellor of the Exchequer George Osborne announced a tax measure to entice operators to invest more in oil and natural gas fields in the North Sea.
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George Osborne
Shadow Chancellor George Osborne delivers his keynote speech to Party delegates at the 2009 Conservative Party Conference in Manchester on October 6, 2009. UPI/Hugo Philpott

George Gideon Oliver Osborne, MP (born 23 May 1971 in Paddington, London) is a British Conservative politician. He is the Chancellor of the Exchequer of the United Kingdom, a role he was appointed to in May 2010, and has been the Member of Parliament for Tatton since 2001.

Osborne is part of the old Anglo-Irish aristocracy, known in Ireland as the Ascendancy. He is the heir to the Osborne baronetcy (of Ballentaylor, in County Tipperary, and Ballylemon, in County Waterford).

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "George Osborne."
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