Britain's finance minister reins in the welfare system in a bid to woo ‘hard-working' voters.
Chancellor says the £60-million profit from the transaction has allowed Britain to turn the corner.
Despite the positive spin about growth, what can happen will overshadow Japan’s lost decade.
The UK's finance minister, George Osborne, has sprung a surprise by putting Canada's central bank chief in charge of the Bank of England.
The creation of "mini-jobs", which allow people to take on work without paying tax or national insurance, is being considered by the British treasury.
World leaders meeting at the G20 summit are discussing boosting their funding of the IMF to help resolve the eurozone debt crisis.
UK finance minister George Osborne says Britain must stick to its austerity drive and avoid tax cuts while it tries to wipe out a record deficit.
A slow-down in Britain's growth in the second quarter means that the economy is weaker than was thought and has no chance of meeting its growth target
Deepest public spending cuts in 80 years planned.
Britain will end child benefits for higher earners, finance minister George Osborne said on Monday, felling an established payment to all families.
British Prime Minister Gordon Brown has slipped further behind the opposition Conservatives in an opinion poll on Tuesday.
Senior officials knew about a decision to include financial details of millions of Britons on computer discs that then went missing in the mail, British opposition politicians said on Thursday. Citing an internal email, members of the Conservative Party said blame for the scandal went higher than just the junior civil servant so far blamed by the government.