George Osborne

UK's Osborne to allow pensioners to cash in annuities: newspapers

British finance minister George Osborne will allow pensioners to cash in annuities in exchange for lump sums in his annual budget next week, British newspapers reported, in a move designed to woo voters before a May national election.

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UK finance minister planning 'diverted profits tax': Sunday Times

Britain's finance minister, George Osborne, is planning to introduce a new "diverted profits tax" targeting multinational companies judged to have shifted profits overseas to avoid tax, the Sunday Times newspaper reported, citing government sources.

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Asking prices for UK homes suffer record fall: Rightmove

Asking prices for homes on sale in Britain posted the largest monthly fall on record in December but are likely to rise by between 4 and 5 percent next year, property website Rightmove said on Monday.

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UK manufacturing grows slightly faster in November despite lackluster exports: PMI

British manufacturing activity unexpectedly picked up a little speed in November as domestic demand offset falling exports due to sluggish orders from the euro zone and emerging markets, a survey showed on Monday.

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Britain puts stake in Eurostar up for sale

The British government plans to sell its 40 percent stake in the fast-speed Eurostar train operator that links Britain with the European continent, finance minister George Osborne announced late on Sunday.

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Osborne: No government interferance on Lloyds' branches sale

Finance Minister George Osborne made it clear that the government did not interfere with the sale of Lloyds branches to Co-op Bank, reported Reuters.

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UK government could sell off remaining Lloyds stake in 2014 -sources

The UK government could sell off its remaining 33% stake in Lloyds Banking Group next year to complete the privatization of the lender, according to sources familiar with the process.

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Report recommends debt shelter instead of bank break up for RBS

In a recommendatory report, Rothschild said it would be best to have the bank's bad debts placed in an internal bad bank instead of breaking up the bank.

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Chancellor Osborne to decide on to retain or break up RBS

Chancellor of the Exchequer George Osborne is planning whether toxic assets of RBS would be put into a bad bank.

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Osborne's Help to Buy scheme risks creating a new housing bubble

The Help to Buy scheme of George Osborne risked creating a new housing bubble.

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