Economy, Uk | featured news

The U.K. economy isn't as deeply in recession as thought, revised official figures showed, though analysts cautioned its economy in still in dire straits.

Britain's Treasury chief says that uncertainty over the future of Europe's single currency is threatening to keep Britain from returning to economic growth.

Figures released Wednesday provoked an outcry on the day that Mario Draghi, the president of the European Central Bank, shifted his rhetoric on the debt crisis.

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.

Police in London braced for new protests a day after several thousand demonstrators jammed the streets of London’s financial district in a brief but brutal spasm of violence.

Thousands of protesters crowded together outside the Bank of England in London today, a day before President Obama and other leaders gathered for the G-20 summit to discuss the world's economic crisis. Some protesters lunged toward the police line.

British Prime Minister Gordon Brown is to strike a decidedly anti-protectionist note in an address to Congress, telling lawmakers that the "major challenges we all face are global."