Brown Plays Down Talk Of An Early Election To Focus On The Economy.

  UK Prime Minister Gordon Brown has spent the weekend playing down talk of an early General Election and sought to focus on the plans for reviving Britain’s struggling economy contained in today’s Pre Budget Statement. There has been widespread press speculation...

Global' bank crisis: Support as British do

" Brown wants 'global' bank support Gordon Brown has called on other governments to follow Britain's lead by supporting their struggling banks. Writing in the Times, he said the crisis needed a "global solution" and wants world leaders to meet and plan a...

Barclays, RBS in Talks on U.K. Government Funding

RBS and Barclays banks in the UK are thought to be the next to be in trouble, with shares in both banks plummeting today. It is thought that the UK government is going to take partial ownership in both banks."The U.K. government may invest at least 45 billion pounds ($79...

After record losses on the FTSE and Wall Street, how much worse can it get?

Wow now we have the hype and the problem is made to be 10 times worse than it really is. I wonder if the media realises its power of causing a real finacial melt down, people panic sell their shares move their money buy gold.   This sudden slump on the stocks and...

UK Mulls Dramatic Banking Rescue Plan

" UK Chancellor of the Exchequer Alistair Darling is considering a dramatic taxpayer-funded recapitalization of Britain's banks, the Financial Times reported on Monday on its Web site. On Sunday, Darling said he was "looking at some pretty big steps which we would not take...

No rush to buy UK real estate for Arabian buyers « Peter J. Cooper’s Weblog

"Remarks last weekend by the British finance minister Alastair Darling that the economy was in its worst state for 60 years, sent the pound sterling into free fall this week. House prices are also down by more than 10 per cent over the past year, and open to offers lower than...

Government relents and scraps fuel duty rise

The UK government has cancelled a planned 2p rise in fuel tax in light of the ever increasing petrol prices. However the timing to the decision, coming as it does shortly before the very important by-election in Glasgow East, has being deemed suspicious. Gordon Brown may be...

Summer strikes for unions

800,000 public sector workers, including school dinner ladies and council trash collectors, are going to stage a strike in the UK next month. The union, Unison, is just one of many that are threatening to stage a "summer of discontent" of strikes over the skyrocketing cost of...