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By David Keene
Conference showed that the values Reagan cherished still endure
Topic - George Osborne
For the past three decades, many Britons had hoped the rigid class system that defined their country from Dickens to "Downton Abbey" was finally dying. Now they fear that class, their old bugbear, is back on the rise.
Strike one against the idea of an expanding global economy. British Chancellor George Osborne, who's been credited for getting his country's debt under control and keeping pace with an austere budget, said one looming threat to the steady-as-she-goes economic policy that England has been practicing in recent months is the European Union.
A top U.K. official has answered a Moody's downgrade of its AAA credit rating with a vow to double down on efforts to tackle debt.
Turmoil has rocked Britain's parliament as anti-Tory party politicos demanded Prime Minister David Cameron oust Chancellor George Osborne.
"Doing more with less." That's the mantra from across the sea, as Britain's key leaders warn of deeper cuts for public employees by fiscal 2015.
In times past, political leaders would lay out their domestic and foreign policies in clear, coherent terms. President Obama talks about getting our fiscal house in order but fails to propose any meaningful spending cuts.
Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more spending cuts will be needed to get public finances under control.
Here's one way to boost an ailing economy: Bulgaria is offering citizenship to foreigners ready to invest at least $650,000.
The Olympics are bringing longer Sunday shopping hours to England.
Former British Prime Minister Gordon Brown on Monday accused a Rupert Murdoch-owned tabloid of personally attacking him, failing the British people and undermining the war in Afghanistan through its coverage of the conflict.
British media ethics inquiry said Friday that Prime Minister David Cameron will give evidence next week, amid questions over his ties to a number of suspects in the country's tabloid phone hacking scandal.
Former hotshot editor Rebekah Brooks drew Prime Minister David Cameron closer into Britain's tabloid phone hacking scandal Friday, saying he had offered her some support after the uproar over illegal journalistic practices forced her to quit.
James Murdoch's behind-the-scenes lobbying campaign spilled out into the public domain Tuesday as documents detailing his close ties to the British establishment were examined by a judge-led inquiry into media ethics.
The United States is now, officially, the worst place to do business in the developed world. On Sunday, Japan lowered its corporate tax rate in the hopes of luring business to its shores, handing the title of highest tax rate to the Land of the Free. The market reaction on Monday will tell whether money will begin flowing away from us and toward the more business-friendly Asian country.
Britain's finance minister has cut the rate of tax the country's wealthiest citizens will pay, but he insisted the rich will pay more through a raft of measures to prevent tax avoidance and a punitive new charge on expensive property sales.
Osborne said Scotland would walk away from the pound should it vote for independence on Sept. 18.