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Geithner suggests ECB guarantee bonds ... UBS loses CEO over trading scandal ... Report says Fannie Mae overlooked errors ... AARP finds uncertainly is palatable ... News from United Press International.
Geithner suggests ECB guarantee bonds

Geithner suggests ECB guarantee bonds

WASHINGTON, Sept. 24 (UPI) -- U.S. Treasury Secretary Timothy Geithner said the European Central Bank should guarantee bonds from 17 eurozone member states.

Queen to get a percentage under new plan

LONDON, July 1 (UPI) -- The British government proposed a new system of royal payments Thursday, tying the monarch's income to that of the Crown lands.

British taxes scare off Centrica

LONDON, June 2 (UPI) -- Higher tax rates on profits for energy producers in the North Sea forced the closure of the South Morecambe field, British energy company Centrica said.
Shell scared away by British tax?

Shell scared away by British tax?

LONDON, April 29 (UPI) -- Royal Dutch Shell suggested it might pull out of developments in the North Sea because of a tax increase imposed by the British government, a director said.

Pump prices upset Scotland

EDINBURGH, Scotland, Jan. 18 (UPI) -- Scottish officials expressed concern to their British counterparts that, despite available natural resources, motorists were facing soaring gasoline prices.
Osborne: VAT hike here to stay

Osborne: VAT hike here to stay

LONDON, Jan. 4 (UPI) -- Increasing the tax Britons pay for welfare benefits is more harmful than the hike in the value added tax, the chancellor of the exchequer said Tuesday.
Pension delays likely not over in Britain

Pension delays likely not over in Britain

LONDON, Oct. 21 (UPI) -- The Department for Work and Pensions said a proposed increase in Britain's pension age was not the last planned increase for the country's retirement age.
Osborne calls for $130 billion budget cuts

Osborne calls for $130 billion budget cuts

LONDON, Oct. 21 (UPI) -- There is no "plan B" alternative to cutting more than $130 billion in spending from Britain's budget by 2015, Chancellor of the Exchequer George Osborne says.

Greenpeace scales London's Treasury

LONDON, Oct. 19 (UPI) -- Four environmental advocates climbed the London building housing the Treasury Department to demand a green investment bank, Greenpeace said.

Osborne plans cuts in disability benefits

TORONTO, June 28 (UPI) -- Britain's Chancellor of the Exchequer said in Toronto he would target disability payments as part of his budget-cutting program.

Queen agrees to open household accounts

LONDON, June 23 (UPI) -- Queen Elizabeth of Britain has agreed to allow Parliament to examine her household accounts, Chancellor of the Exchequer George Osborne said.
Britain looks at austerity budget plan

Britain looks at austerity budget plan

LONDON, June 22 (UPI) -- British Chancellor of the Exchequer George Osborne outlined an austerity budget package that called for a sales tax increase from 17 percent to 20 percent.

Britain contemplates value added tax hike

LONDON, Feb. 13 (UPI) -- Britain may have to raise its value added tax on purchases to as high as 20 percent to tackle its $279 billion deficit, authorities said.

Poll: Conservatives might fall short

LONDON, Jan. 31 (UPI) -- The Conservative lead over Labor slipped to 9 points in a poll released Sunday, suggesting neither party will have a majority after the British election.

First British bailout failed, critic says

LONDON, Jan. 20 (UPI) -- New measures to shore up banks in Britain amounted to an admission that the first round of bailout measures fell short, shadow Chancellor George Osborne said.

British banker: Lower rates possible

LONDON, Dec. 19 (UPI) -- A Bank of England official said that cuts in the bank's key lending rate to near zero were a possibility.

Secret tax plan causes stir in Britain

LONDON, Nov. 26 (UPI) -- Britain's Shadow Chancellor George Osborne is crying foul after a Treasury document inadvertently posted on a Web site showed a discarded plan to raise taxes.

Debate over Britain's stimulus plan begins

LONDON, Nov. 25 (UPI) -- Britain's Chancellor of the Exchequer and the opposition Shadow Chancellor sparred Tuesday over the government's $30.5 billion stimulus package.

Osborne supports Spelman in nanny scandal

LONDON, June 7 (UPI) -- Caroline Spelman, the head of Britain's Conservative Party, likely did nothing wrong by using public funds for a nanny, Shadow Chancellor George Osborne says.

Government to take over Northern Rock bank

LONDON, Feb. 18 (UPI) -- U.K. Chancellor of the Exchequer Alistair Darling said Monday the government would temporarily take over troubled Northern Rock bank.

Northern Rock shares jump on news of plan

LONDON, Jan. 21 (UPI) -- A U.K. government proposal to save Northern Rock bank has met with decidedly mixed reviews.

Conservatives consider 'green' taxes

BOURNEMOUTH, England, Oct. 3 (UPI) -- Leaders of Britain's Conservative Party are considering balancing environment-driven tax hikes with income tax cuts.

U.K. Tories consider flat tax

LONDON, Sept. 4 (UPI) -- The Conservative Party in Britain is considering tax reform and perhaps a flat tax.

New Tory leader expected by Christmas

LONDON, May 11 (UPI) -- British Conservative Leader Michael Howard is to step down after the party's October conference, paving the way for a new leader by Christmas.
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