British Prime Minister Gordon Brown backed down from replacing his finance minister on Friday in a bid to hold his government together.
Britain will inject billions of pounds into state-owned Northern Rock to try to unlock lending and help the economy emerge from recession.
British Prime Minister Gordon Brown has slipped further behind the opposition Conservatives in an opinion poll on Tuesday.
Britain bailed out three major banks with £37-billion on Monday as governments around Europe boosted confidence in the battered industry.
Bold, comprehensive and at times surprising, the UK’s bail-out plan for partial nationalisation is just what the system needed, writes Will Hutton.
Global finance chiefs gathered in Washington for crisis talks on Friday as panic spread in global financial markets.
Larry Elliott takes a look at the bail-out which is a nationalisation designed to avert the worst market collapse since the 1930s.
Britain has asked the European Commission to approve the aid it has provided to struggling mortage lender Northern Rock, a Commission spokesperson said on Tuesday. ”Last night…
British Prime Minister Gordon Brown faced angry questions from lawmakers on Wednesday after confidential records containing nearly half the population’s bank details went missing…
British Prime Minister Gordon Brown on Monday said he took ”full responsibility” for the decision not to call an early election, but rejected claims he had run scared from a…
Thousands of customers queued to withdraw savings from embattled British bank Northern Rock on Monday and its shares plunged again, heightening pressure for a sale of the…
Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of…
Worried customers were expected to keep withdrawing savings en masse on Saturday from embattled British bank Northern Rock after the Bank of England bailed out the lender.…
Shares in British bank Northern Rock plunged by a quarter on Friday as clients rushed to withdraw their savings following an emergency bail-out of the lender by the Bank of…
