Economy, United Kingdom | featured news

Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.

Britain's government may reconsider long-touted proposals for the U.K. to switch to Central European Time, a move which advocates insisted Saturday would bring lighter evenings and possibly offer the country's sluggish economy a boost.

Britain outlined the sharpest cuts to public spending since World War II on Wednesday.

Icelandic authorities should have made sure UK Icesave depositors were insured by the UK, a report says.