LONDON In the 1970s, a trio of socialists joined a battle to steer Britain's Labour Party to the left. Within a few years, two of them had seized control of the council that governed London, running the capital for half a decade.
LONDON British finance minister George Osborne's latest spending plans have a roughly 50 percent chance of success, the head of the country's non-partisan Institute for Fiscal Studies (IFS) think tank said on Thursday.
LONDON British finance minister George Osborne has fixed a big mistake of his own making by ditching an unpopular part of his austerity drive, but he still faces hurdles in his bid to become the country's next prime minister.
LONDON Net migration to Britain has hit a new record high, official data showed on Thursday, with a rise in the number of European Union citizens likely to pile pressure on Prime Minister David Cameron ahead of a vote on Britain's membership of the bloc.
LONDON Chancellor George Osborne's U-turn decision not to cut state support for low-income workers will provide short-term relief for many households across Britain, but is unlikely to dent his broader attempt to rein in welfare spending.
LONDON Chairman Mao's "Little Red Book" made a surprise appearance in Britain's parliament on Wednesday when the Labour Party finance spokesman brandished a copy as he mocked the government's reliance on Chinese investment.
LONDON Britain is to increase a tax on buy-to-let and second homes to ease demand for those squeezed out by house price rises but early reactions from some analysts warned that many undeterred investors will instead pass the cost on in higher rents.
LONDON Chancellor George Osborne delivered a half-yearly budget update on Wednesday, slightly raising his budget surplus target for the end of the decade while scrapping a controversial plan to make big savings in one part of the welfare budget.
LONDON Chancellor George Osborne has delivered a half-yearly budget update to parliament in which he slightly raised his budget surplus target for the end of the decade while abandoning a controversial plan to make big savings in one part of the welfare budget.
LONDON Britain will make 12 billion pounds of savings annually from government departments' day-to-day spending by the end of the decade as it seeks to return to a budget surplus, Chancellor George Osborne said on Wednesday.