Topic - George Osborne

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  • ** FILE ** Britain's Chancellor of the Exchequer George Osborne, left, looks at a trading screen as he listens to a staff member of Industrial and Commercial Bank of China Ltd (ICBC) at a trading center during his visit to the ICBC headquarters in Beijing Tuesday, Oct. 15, 2013. (AP Photo/Jason Lee, Pool)

    George Osborne: EU is killing U.K. economy

    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.

  • **FILE** George Osborne, Britain's Chancellor of the Exchequer, talks prior to the launch of the Economic Survey of the United Kingdom, by Angel Gurria, Secretary-General of the Organisation for Economic Co-operation and Development (OECD), at the Treasury in central London on Feb. 6, 2013. (Associated Press)

    U.K. vows to 'redouble its efforts' to tackle debt

    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.

  • **FILE** British Prime Minister David Cameron pauses during a press conference at Stormont Castle in Belfast, Northern Ireland, on Nov. 20, 2012. (Associated Press)

    Political turmoil rocks British parliament

    Turmoil has rocked Britain's parliament as anti-Tory party politicos demanded Prime Minister David Cameron oust Chancellor George Osborne.

  • George Osborne (left), Britain's Chancellor of the Exchequer, walks with Danny Alexander, Chief Secretary to the Treasury, to deliver the half-yearly budget statement to parliament in London on Dec. 5, 2012. (Associated Press)

    U.K. Treasury chief juggles budget as outlook dims

    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.

  • World Briefs

    A buoyant Tunisia is to enter a new phase of democratic rule Tuesday with the inauguration of its elected constituent assembly, 10 months after a popular uprising ended years of dictatorship.

  • International Monetary Fund (IMF) managing director Christine Lagarde, left, talks with Tunisian Finance Minister Jelloul Ayed during the group photo at the Deauville partnership meeting in Marseille, southern France, Saturday, Sept.10, 2011. (AP Photo/Lionel Cironneau)

    Arab nations to get $58 billion to reward reform

    Financial leaders from the world's most developed nations are discussing how to speed up the flow of tens of billions of dollars to help support democracies in North Africa and the Middle East, British Treasury chief George Osborne said Saturday.

  • Here's a late royal wedding gift: A pay cut

    After the pricey glitz of Britain's royal wedding celebrations, Queen Elizabeth II must prepare for a pay cut under the country's austerity measures, lawmakers warned Thursday.

  • Corporate tax rates cut to spur investment

    The British government cut the corporation tax to entice foreign investment as it acknowledged that economic growth will be slower than anticipated this year.

  • Protesters clash with police during a rally in London against spending cuts on Wednesday. Britain will slash benefits and jobs to make the largest cuts to public spending since World War II. (Associated Press)

    Britain announces spending cuts

    Britain outlined the sharpest cuts to public spending since World War II on Wednesday — slashing benefits and cutting public sector jobs with an austerity plan aimed at clearing record debts that swelled during the global financial crisis.

  • In this image taken from TV, British Chancellor of the Exchequer George Osborne (center) delivers his emergency budget in the House of Commons in London on Tuesday, June 22, 2010. (AP Photo/PA)

    U.K. makes sharpest budget cuts in decades

    Britain announced the toughest cuts to public spending in decades and new tax increases on Tuesday in an emergency budget aimed at sharply reducing the country's record debts.

  • George Osborne, Britain's chancellor of the exchequer, displays his budget box outside his official residence at 11 Downing St. in central London on Tuesday. (Associated Press)

    UK makes sharpest cuts in decades in new budget

    Britain's Treasury chief unveiled on Tuesday the toughest cuts to public spending in decades, a raft of tax rises and a new levy on banks in an emergency budget aimed at restoring the country's ravaged public finances.

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Quotations
  • Osborne said Scotland would walk away from the pound should it vote for independence on Sept. 18.

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