Will New Norway Government Help Prosperity?
There’s an old adage that says, “If it ain’t broke, don’t fix it.” Norway seems to disagree.
Where Have All of Britain’s Millionaires Gone?
That’s a question many Britons are asking now that new data show nearly two-thirds of the country’s million-pound earners have disappeared nearly one year after a tax hike on the nation’s highest earners.
U.K. Officials to Question U.S. Companies on Taxes
American executives from Amazon, Google and Starbucks were to be on the hot seat in Britain on Monday as they faced questioning by U.K. tax authorities over how they managed to pay so little tax on earnings that amounted to billions.
London Could Lose Out Over Eurozone Banking Union
Opposition to an EU budget freeze and to Britain’s joining a eurozone banking union could cost the City of London its position at the top of the world’s financial centers.
Tough Talk in U.K. on Banks, Starbucks Taxes
The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.
August Deficit Hits Record in U.K.
Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.
U.K. Lawmakers Call for Arctic Drilling Moratorium
A body of British lawmakers says there is inadequate cleanup infrastructure in place in case of a spill.
Dutch PM Wins but Could Be Forced to Form Coalition
Dutch Prime Minister Mark Rutte’s Liberal Party emerged triumphant from the Netherlands’ election on Wednesday, defeating far-right euroskeptic voices, but he may need to form a coalition with the Labour Party, which finished only two seats behind his own.
U.K. Recession Deepens
As the world counts down to the opening of the Olympic Games in London on Friday, Londoners—and others in Britain—are dealing with an economy that in Q2 of this year slowed considerably more than expected.
BoE’s Tucker Will Testify on Barclays, Libor
Paul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.