Account
The U.K.'s main opposition party will Thursday reveal its remedy for the lack of credit available to small British firms: a regional banking system that it says will spark a revival in lending and rekindle economic growth.Speaking at the British Chambers of Commerce annual conference in London, Labour Party leader Ed Miliband will pledge that his party will introduce a new system of regional banks if the party wins the next general election, expected to be held in 2015."Regional banks, with a mission to serve that region and that region alone," Mr. Miliband will say, according to extracts of his speech. "Not banks that like to say "no," but banks that know your region and your business. Not banks that you mistrust, but banks you can come to trust."Labour has yet to design exactly how a regional banking system would operate and intends to hold a consultation on the best model. A task force that Labour set up to advise it on the issue recommended it draw on the experiences of the German ...
LONDON (Reuters) - Prime Minister David Cameron came under growing pressure on Sunday to halt Rupert Murdoch's bid for pay-TV operator BSkyB, at least until an inves...
By Jodie GinsbergLONDON (Reuters) - He has faced criticism over threats to impose a U.S.-style healthcare system, plans to reduce sentences for rapists, and proposed...
LONDON (Reuters) - All those responsible for wrongdoing at the News of the World newspaper should be brought to justice, a spokesman for British Prime Minister David...
By Matt FalloonLONDON, Oct 1 (Reuters) - Britain's Conservatives slippedbehind Labour in an opinion poll this week for the first time inthree years, even before the ...
By Adrian CroftMANCHESTER, England, Sept 28 (Reuters) - Britain's newopposition leader said on Tuesday economic policy should focuson growth, not just cutting the de...
(Recasts with speech)By Adrian CroftMANCHESTER, England, Sept 28 (Reuters) - Britain's newopposition leader said on Tuesday economic policy should focuson growth, no...
Independent analyst Cornelia Meyer on the impact of the Copenhagen Summit on climate change.
The U.K.'s main opposition party will Thursday reveal its remedy for the lack of credit available to small British firms: a regional banking system that it says will...
Britain's finance minister insisted on Saturday he would not change course after the loss of the country's 'AAA' credit rating but George Osborne is facing pressure ...
Britain's withdrawal from the European Union "within a few years" is a certainty as no government will be able to resist demands for an exit from a population incens...
Britain's Labour opposition leader launched an offensive against banks on Sunday ahead of his party's annual conference, promising a "real separation" of retail and ...
Sales of gasoline and diesel soared in the U.K. Wednesday after the government recommended motorists top up their tanks to prepare for a possible strike by fuel tank...
The leader of Britain's Labour opposition party Ed Miliband said Prime Minister David Cameron "let down [the] country" when he opted out of a new inter-governmental ...
By Keith Weir and Peter GriffithsLONDON (Reuters) - David Cameron defended his handling on Monday of a corruption scandal around Rupert Murdoch's media empire which ...
Quotes delayed at least 15 minutes. Real-time quotes provided by BATS Exchange. Market Data provided by Interactive Data (Terms & Conditions). Powered and Implemented by Interactive Data Managed Solutions. Company fundamental data provided by Morningstar. Earnings estimates data provided by Zacks. Mutual fund and ETF data provided by Lipper. Economic data provided by Econoday. Dow Jones & Company Terms & Conditions.
This material may not be published, broadcast, rewritten, or redistributed. ©2013 FOX News Network, LLC. All rights reserved.