U.K. Treasury

Tackle debt or risk a fall in our credit rating says King

Britain could lose its prized triple-A credit rating if it does not tackle the biggest black hole in the public finances since the Second World War, Mervyn King warned yesterday. Speaking to the Treasury Select Committee, he...

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£62bn mission to save banking sector within hours of collapse

Royal Bank of Scotland and HBOS were given a secret £61.6 billion bridging loan last year on top of the £500 billion of support that the banking sector received from the taxpayer, the Governor of the Bank of England disclosed...

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Recovery uncertain as investment falls

Gráinne Gilmore, Economics Correspondent Business investment tumbled for the fifth straight quarter between July and September, official data showed yesterday, raising concerns about the sustainability of the economic recovery....

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National Business News: Scheme helps businesses defer £4bn tax

Scheme helps businesses defer £4bn tax More than 150,000 businesses have been helped by a Government scheme launched a year ago today to enable them to defer tax payments, new figures showed. The Treasury said £4bn in tax had...

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U.K. Parties Vie to Shepherd Economy

By NATASHA BRERETON and TERENCE ROTH LONDON -- Prime Minister Gordon Brown and Conservative Party leader David Cameron, speaking at a conference here, gave few specifics on how to revive business activity without worsening...

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Tories pledge cut in Whitehall emissions

The Conservatives make an ambitious pitch to win the environmental vote with a raft of measures The Conservatives will tomorrow make an ambitious pitch to win the environmental vote with a raft of measures including plans to...

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Rumours spread that Timothy Geithner will be replaced by Barack Obama

JP Morgan chief Jamie Dimon in the frame to replace him, but would he do any better? No sooner has the Treasury secretary steered the US out of recession than a cross-party political lynch mob unhappy with soaring US...

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Tax-News.com: Tax Rises On The Cards As UK Sinks Deeper Into Debt

Tax-News.com: The odds against Chancellor of the Exchequer Alistair Darling increasing taxation in the next budget have shortened further as the latest set of figures on the public finances show that the government was forced...

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Minister defends piracy plans

Stephen Timms claims piracy powers necessary to 'future-proof' government proposals to safeguard the UK's creative industries Read the government's statement on the bill Read the digital economy bill Stephen Timms, the Treasury...

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Council housing demand hits Treasury

Demand to build council homes is far exceeding government expectations, putting pressure on the Treasury to release extra cash as part of the spending review next month. The pressure amounts to an end to the 20-year effective...

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