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George Osborne News

17 Mar 2017

In surprise, UK ex-finance minister Osborne named editor of London paper

George Osborne, now 45, became Britain`s youngest chancellor of the exchequer for more than a century when the Conservatives took power in 2010.

02 Jul 2016

Thousands of protesters march in London against Britain`s vote to leave the EU

Thousands marched through London on Saturday to protest against Britain`s vote to leave the EU, which has sparked political turmoil and polarised public opinion.

27 Jun 2016

Osborne rules himself out of race to succeed PM Cameron: Report

Chancellor George Osborne, in an article published in the Times newspaper, has ruled himself out of the running to succeed Prime Minister David Cameron, British media reported on Monday

27 Jun 2016

Britain economy strong, can cope with EU exit turmoil: George Osborne

Britain`s finance minister said on Monday the country`s economy was strong enough to cope with volatility caused by its vote to leave the European Union, whose leaders demanded a quick divorce and promised no special treatment.

15 Jun 2016

UK Treasury chief warns of tax rises in case of EU exit

Britain's Treasury chief has sounded another warning about how a vote to leave the European Union in a referendum next week would damage the economy, arguing he would have no choice but to raise taxes and slash spending.

11 Apr 2016

UK finance minister George Osborne publishes tax details

Finance minister George Osborne had a total taxable income of £198,738 (247,900 euros, $283,500) during the 2014/15 financial year, according to a statement from his accountants released by officials.

16 Mar 2016

Britain FM George Osborne to wield axe in annual budget

Most economists believe that Chancellor of the Exchequer Osborne will likely avoid any major shocks, with three months to go until Britons vote on EU membership in a crucial referendum.

20 Jan 2016

British unemployment falls to 5.1%, lowest since 2005

Britain`s unemployment rate has fallen to its lowest level in a decade, official data showed on Wednesday, but the government warned of headwinds from weak growth at home and abroad.

19 Jan 2016

India, UK to cooperate in infra financing, check tax evasion

India and the UK Tuesday agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance.

07 Dec 2015

UK Finance Minister calls US Congress' China stance a ''tragedy''

Britain had a rare diplomatic rift with the United States this year when it became the first Western nation to support China`s Asian Infrastructure Investment Bank.

Holloway Women's Prison

25 Nov 2015

Suffragettes' historic London prison to close

The historic institution opened as a mixed prison in 1852 before becoming female-only in 1902.

25 Nov 2015

UK swings austerity axe but spares key welfare scheme, police

Britain announced a fresh round of deep cuts to public spending today but dropped a plan to cut welfare payments for the poorest and spared the police from savings after the Paris attacks.

25 Oct 2015

David Cameron govt under pressure over welfare cuts for poor

British Prime Minister David Cameron's government faced a growing row Sunday over plans to cut welfare payments for low-income workers on the eve of a highly sensitive vote in parliament.

22 Sep 2015

Chinese PM Li Keqiang meets British chancellor

Chinese Premier Li Keqiang met with British Chancellor of the Exchequer George Osborne on the sidelines of the seventh China-UK Economic and Financial Dialogue (EFD), the media reported on Tuesday.

Lloyds Banking Group

12 May 2015

Britain cuts Lloyds bank stake to below 20%

Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday.

20 Mar 2015

UK unveils new measures to combat tax evasion

Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.

UK to join China-backed Asian development bank

13 Mar 2015

UK to join China-backed Asian development bank

Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.

06 Mar 2015

Britain seeking quick sale of RBS bank: report

Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times.

24 Feb 2015

UK economy gets thumbs-up from OECD before elections

The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.

23 Feb 2015

Britain sells 1% stake of Lloyds bank for $769 million

The Treasury announced in a statement that the sale has trimmed the government`s stake from 24.9 percent to just under 24 percent.

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