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Bankrupt British refinery facing closure

LONDON, June 18 (UPI) -- The closure of a financially troubled British oil refinery appeared more likely after the government refused to seek permission from the EU to help it.
Europe, Asia, brace for Greek election

Europe, Asia, brace for Greek election

PARIS, June 15 (UPI) -- Financial leaders in Europe and Japan said they were prepared to react to a market jolt that might occur after the Greek election Sunday.
Is Europe the new Japan?

Is Europe the new Japan?

What if Europe turned out to be the new Japan?
ANTHONY HALL, United Press International
Former Murdoch exec speaks before inquiry

Former Murdoch exec speaks before inquiry

LONDON, May 11 (UPI) -- A former executive with Rupert Murdoch's British newspaper subsidiary testified in a judicial inquiry into press ethics arising from a phone-hacking scandal.

Tory, Lib Dem leaders to defend coalition

LONDON, May 8 (UPI) -- British Prime Minister David Cameron and Deputy Prime Minister Nick Clegg, under pressure from their own parties, plan a push-back Tuesday.

Britain possibly skids into a recession

LONDON, April 25 (UPI) -- Britain's Office of National Statistics said Wednesday the gross domestic product dropped for the second consecutive quarter in January through March.
British culture secretary urged to resign

British culture secretary urged to resign

LONDON, April 24 (UPI) -- A top British politician Tuesday called for Culture Secretary Jeremy Hunt to resign for allegedly being too cozy with the Murdoch media empire.

In Britain, IMF donation sparks discord

LONDON, April 21 (UPI) -- British Chancellor of the Exchequer George Osborne said it was in the country's best interest to loan $16 billion to the International Monetary Fund.

Poll shows Tories, Lib Dems down, UKip up

LONDON, April 18 (UPI) -- A poll this week showed British voters are disenchanted with the Conservatives and downright hostile to their coalition partners, the Liberal Democrats.
Poll: Half in U.K. do not trust Cameron

Poll: Half in U.K. do not trust Cameron

LONDON, April 7 (UPI) -- More than half of Britons do not trust Prime Minister David Cameron to lead the country out of its economic woes, a poll released Friday indicated.

Report: Tax changes hurt British poor

LONDON, April 5 (UPI) -- Cuts in tax credits for low-income families will outweigh an increase in tax exemptions for many of the working poor in Britain, an economic think tank said.
Cameron admits hosting donors at No. 10

Cameron admits hosting donors at No. 10

LONDON, March 27 (UPI) -- Prime Minister David Cameron acknowledged Monday major donors to the Conservative Party had been entertained at his official residences.
Osborne budget cuts top tax rate

Osborne budget cuts top tax rate

LONDON, March 22 (UPI) -- The highest British tax rate would be cut from 50 percent to 45 percent while some old-age allowances would be frozen in the budget introduced Wednesday.

British chancellor may propose tax cut

LONDON, March 16 (UPI) -- The British chancellor of the exchequer is negotiating a cut in the top tax rate while closing loopholes to satisfy Liberal Democrats, Financial Times reports.
Cameron praises Obama at state dinner

Cameron praises Obama at state dinner

WASHINGTON, March 14 (UPI) -- British Prime Minister David Cameron praised President Barack Obama's "strength, moral authority, and wisdom," during a state dinner in Washington Wednesday.

Moody's warns France and Britain

PARIS, Feb. 14 (UPI) -- Moody's Investor's Service warned France Tuesday that its credit rating could be lowered if the debt problem spreading through Europe is not contained.

In Britain, a day for feeling blue

LONDON, Jan. 16 (UPI) -- Britain tipped its hat to the blues Monday, declaring it the gloomiest day of the year amidst a still-sour economy.

High tax rate on U.K.'s wealthiest to stay

LONDON, Jan. 9 (UPI) -- A 50 percent tax rate on Britain's highest earners will stay in effect until at least 2015, government officials said.
Policy focus on Europe

Policy focus on Europe

Six central banks said they would coordinate action to add liquidity to financial markets, giving U.S. futures a boost and pushing stocks in Europe higher.
ANTHONY HALL, United Press International

Britain looks at possible double-dip

LONDON, Nov. 26 (UPI) -- Government sources told Britain's The Daily Telegraph a highly respected economic organization is predicting a double-dip recession for the country.
U.S., Britain impose new Iran sanctions

U.S., Britain impose new Iran sanctions

LONDON, Nov. 21 (UPI) -- The United States and Britain Monday imposed new sanctions on Iran to punish it for its suspected pursuit of nuclear weapons.

Backers: Offshore wind investments to jump

BRUSSELS, Nov. 18 (UPI) -- Offshore wind energy projects in Europe will see a three-fold jump in investments over the next decade despite economic turmoil, backers say.

Scotland gets $160M for renewable energy

INVERGORDON, Scotland, Nov. 14 (UPI) -- The Scottish renewable energy sector will receive $160 million from the British treasury after a longstanding argument about the funds was settled.

Huhne slams green energy 'naysayers'

MANCHESTER, England, Oct. 28 (UPI) -- British Energy Minister Chris Huhne lashed out at critics of government subsidies for alternative energy this week, calling them "naysayers" and "curmudgeons."
Group of 20 divided on IMF support

Group of 20 divided on IMF support

PARIS, Oct. 15 (UPI) -- Six Group of 20 Nations have said Europe should be the first line of defense for shoring up the euro and containing Greece's debt crisis.
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