UK welcomes world cash injection
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A joint plan by five central banks aimed at easing the credit crunch in financial markets has been welcomed by UK Prime Minister Gordon Brown.
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WASHINGTON With public pledges and in private conversations, Britain managed over the weekend to move the United States closer to full forgiveness of the debts of the poorest countries during the annual meetings of the World Bank and the International
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LONDON, UNITED KINGDOM.- A new scheme is being introduced in the United Kingdom where museums will be able to claim Gift Aid on both the admission fee and the donation.
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On Thursday 13th September, after the market had closed, the Bank of England announced to have provided emergency cash to Northern Rock, the fifth largest mortgage lender in the country. The Bank of England played down the intervention, saying that it is not a "bail-out" but rather a loan meant to ease the bank's difficulties in financing its short-term operations in the face of the recent market turmoil. The bank's assets are reportedly solid and there is no risk for shareholders.  In spite of this reassurance, the stock price of this former market darling tumbled 30% on Friday. People were seen queing outside branches while the website went down as the bank clients rushed to withdraw their money using the online banking facility.  It's the first time in my life I've seen that Great Depression staple, the bank run.
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The Bank of England offers to inject Â£10bn into money markets to bring down three-month interest rates.
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Britain, leading an uphill international battle to help curb Afghanistan&#39;s massive narcotics&#39; production, says it is fairly confident its strategy will show a reduction in output within a year.
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BRITAIN today said it would unilaterally write off its share of debts owed to the World Bank by the world&#39;s poorest countries.
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The United Kingdom announced on Thursday that it has "brought forward" to this year $5.3 million of its 2005 pledge to the Global Fund to Fight AIDS, Tuberculosis and Malaria to help ensure that the United ...
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The pound firmed Tuesday as an upbeat speech from Bank of England rate setter Kate Barker and the recovery in global equity markets offset a weak UK manufacturing survey.
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British Energy won approval from Brussels yesterday for its Â£3.4bn government-backed bail-out, under the condition that the cash is used exclusively for decommissioning nuclear power plants.
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London Stock Exchange Plc said on Monday  it had received an approach from mainland European stock market  Euronext.
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Foreign Secretary Margaret Beckett has used a visit to the West Bank to declare that Britain is boosting its contribution to an international fund for needy Palestinians.
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The United Kingdom on Friday urged the world's richest nations to rise to the challenge of creating "enduring global prosperity" by removing trade barriers and stepping up aid for poorer countries.
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LONDON -- The British government offered a sweeping plan yesterday for the Group of Seven nations to dramatically increase aid to the developing world and to forgive 100 percent of Africa's $70 billion in debt.
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Business & money: UK-based bank confirms Â£9bn from the governments of China and Singapore will help it finance an improved takeover offer for Dutch rival ABN Amro.
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Chancellor of the Exchequer Gordon Brown said that finance ministers from the Group of Seven rich nations had for the first time expressed firm willingness to provide as much as 100 percent debt relief for the world's poorest countries.
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Rich countries are likely to back  Britain's bid to channel more debt relief and resources to  Africa, which is ready to shake off the shackles of poverty,  British finance minister Gordon Brown said.