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Alistair Darling

British voters will look closely at how the government plans to reduce the deficit. CNN's Jim Boulden reports.

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Britain will not join Greek bail-out effortsupdated: Fri Jan 29 2010 05:20:00

Davos, Switzerland (FT) -- Alistair Darling said on Friday that Britain would not join any European effort to bail out Greece but pledged not to use differences in global financial regulations to promote the City of London.

UK banks hit by 50 percent bonuses taxupdated: Wed Dec 09 2009 13:52:00

Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.

RBS told not to expect big bonusesupdated: Thu Dec 03 2009 07:20:00

The British Treasury has warned top bankers at Royal Bank of Scotland not to expect bumper bonuses next year, as Finance Minister Alistair Darling prepares to get tough with those staff who do not "get" the new political and financial landscape.

Plan to create fund for bailouts hits hurdlesupdated: Sun Nov 08 2009 10:40:00

Key players in the Group of 20 refused to support a plan create an insurance fund to pay for bailouts if governments have to step in again to save giant businesses on the brink of collapse.

British premier urges greater responsibility from banksupdated: Sat Nov 07 2009 11:52:00

British Prime Minister Gordon Brown told a meeting of G-20 ministers in his home region in Scotland Saturday that the public must be protected from the failure of the banking system in future.

UK finance minister urges bonus restraintupdated: Mon Sep 28 2009 10:15:00

Alistair Darling on Monday urged bankers to show restraint in the new year bonus season, telling them to apply immediately a code agreed at the G20 in Pittsburgh instead of waiting for new legislation.

Darling: UK growth will returnupdated: Sun Sep 06 2009 21:24:00

Britain's finance minister believes the UK economy will emerge from recession within the next few months.

G-20 take aim at executive bonusesupdated: Sun Sep 06 2009 21:24:00

Finance ministers from the G-20 nations meeting in London have reiterated their commitment to coordinated action to tackle the global economic crisis and agreed on the need for tougher rules on banking bonuses.

G-20 'committed to economic recovery plan'updated: Sun Sep 06 2009 21:14:00

Finance ministers from the G-20 nations meeting in London have reiterated their commitment to coordinated action to tackle the global economic crisis and agreed on the need for tougher rules on banking bonuses.

UK regulator seeks to deflate financial sector with global taxupdated: Thu Aug 27 2009 12:42:00

The head of Britain's top banking watchdog supports the idea of new global taxes on financial transactions, warning that a "swollen" financial sector paying excessive salaries has grown too big for society.

Bank of England pumps $84B into UK economyupdated: Thu Aug 06 2009 11:58:00

The Bank of England announced plans Thursday to pump another £50 billion ($84 billion) into the UK economy in a fresh effort to steer the country out of a recession which it admitted had been "deeper than previously thought."

Ryanair trims UK flight scheduleupdated: Tue Jul 21 2009 11:23:00

Budget airline Ryanair announced plans Tuesday to cut its winter flights schedule from its main UK hub, blaming a collapse in the British tourism industry, rising airport costs and "insane" aviation taxes.

British PM Brown: 'I will not walk away'updated: Fri Jun 05 2009 12:08:00

British Prime Minister Gordon Brown issued a defiant response to calls for his resignation Friday saying he "will not walk away" despite heavy election losses and a raft of high profile resignations that forced a Cabinet reshuffle.

Rich face tax rises as UK crisis mountsupdated: Wed Apr 22 2009 11:04:00

Britain's finance minister on Wednesday said the country's economy is facing its worst year since World War II as he unveiled measures including higher taxes for top earners in an annual spring budget aimed at countering recession.

Brown, bank chiefs thrash out G20 plansupdated: Fri Mar 27 2009 06:19:00

Top executives of leading international banks were meeting the British prime minister and treasury chief Tuesday to discuss kick-starting the global financial system ahead of next month's G20 summit.

CNNMoney: Dollar surges vs. euro, tumbles vs. yenupdated: Fri Oct 24 2008 11:33:00

Recession fears and expectations of sharp interest rate cuts by central banks in Europe sent the dollar soaring against the euro and the pound Friday, but the U.S. currency tumbled against the yen.

Dow bounces as G7 gathersupdated: Fri Oct 10 2008 16:16:00

The Dow Jones bounced Friday after plunging nearly 700 points on the back of world markets which have seen trillions wiped off their value as the financial crisis continues to rock confidence.

Financial market mayhemupdated: Fri Oct 10 2008 16:16:00

Financial analyst Todd Benjamin gives some insight on the downturn of global markets.

Q&A: How will the UK bailout work?updated: Wed Oct 08 2008 15:56:00

Why has the UK government decided to inject nearly $90 billion of taxpayers' money into banks and lend them a further $350 billion?

Nikkei 225 plunges nearly 10%updated: Wed Oct 08 2008 15:56:00

Nikkei closes down approximately 9.38% according to initial closing numbers. CNN Kyung Lah has the latest.

CNNMoney: World markets return to selloffupdated: Wed Oct 08 2008 14:18:00

Global markets turned sharply lower Wednesday, despite emergency action by global central banks that had initially calmed skittish investors.

Time.com: British Bank Bailout: Is It Enough?updated: Wed Oct 08 2008 13:00:00

Prime Minister Gordon Brown faces the tough job of restoring trust in a severely battered sector

Britain unveils $84B bank rescue planupdated: Wed Oct 08 2008 12:22:00

Britain on Wednesday announced an $87.4 billion rescue package for its troubled banking sector.

Bernanke: More pain aheadupdated: Wed Oct 08 2008 12:22:00

Federal Reserve Chairman Ben Bernanke warned that the outlook for economic growth has worsened.

U.K. Bank faces bailout issueupdated: Mon Sep 29 2008 08:06:00

CNN's Sasha Herriman reports on U.K.'s Bradford and Bingley's financial troubles as well as the woes of Dutch bank, Fortis.

UK lender Bradford & Bingley nationalizedupdated: Mon Sep 29 2008 08:06:00

Mortgage lender Bradford & Bingley confirmed Monday it is to become the second bank nationalized by the British government since the financial crisis began.

AIG bailed outupdated: Thu Sep 18 2008 05:32:00

The Federal Reserve Board lends as much as $85 billion to rescue American International Group.

Time.com: European, British Banks Hold Rates Steadyupdated: Thu Sep 04 2008 14:00:00

The European Central Bank and the Bank of England left their key interest rates unchanged, reluctant to move them lower as rising prices offset the fear of weaker growth and recession

Is England in a recession?updated: Thu Sep 04 2008 10:59:00

The Bank of England leaves interest rates unchanged as new figures show a bleak economy. ITN's James Blake reports.

UK economy 'at 60-year low,' minister warnsupdated: Sat Aug 30 2008 08:01:00

The UK is facing the worst economic conditions for 60 years and the current crisis will be "more profound and long-lasting" than expected, British finance minister Alistair Darling warned Saturday.

Northern Rock to stay nationalized until market improvesupdated: Wed Mar 26 2008 08:52:00

The British government said Monday that struggling mortgage lender Northern Rock would remain nationalized until the current financial climate improves.

Happy holiday for UK retailersupdated: Fri Jan 04 2008 07:27:00

There's a vigorous shopping season in the UK despite gloomy predictions. ITN's Chris Choi reports

Apology as data on millions lostupdated: Wed Nov 21 2007 23:54:00

British Prime Minister Gordon Brown apologized Wednesday for the government's loss of two computer discs containing the personal data of 25 million people, saying there was no excuse and promising a review of data procedures.

Protect yourself from ID theftupdated: Wed Nov 21 2007 23:54:00

Personal data for 25 million people in the UK child benefit database is lost. ITN's Phil Reay-Smith reports

CNNMoney: UK government secures savings at all banksupdated: Mon Oct 01 2007 00:51:00

Britain will guarantee the security of personal savings accounts at all banks up to $70,000 (£35,000), the government said Monday, matching the security extended to Northern Rock customers during last month's run on deposits.

UK government to honor crisis bank depositsupdated: Mon Sep 17 2007 23:16:00

The British government is to guarantee all existing deposits at troubled bank Northern Rock, Treasury Chief Alistair Darling said Monday.

Some Brits bailing on bankupdated: Mon Sep 17 2007 23:16:00

Ripples from the U.S. housing crisis are washing away a major British lender. CNN's Alphonso Van Marsh reports.

UK bank customers edgyupdated: Mon Sep 17 2007 04:50:00

Customers lack confidence in Northern Rock despite a guarantee from the Bank of England. ITN's Nima Elbagir reports.

Northern Rock shares tumble againupdated: Mon Sep 17 2007 04:50:00

Shares in embattled British bank Northern Rock slid further on Monday, with the stock opening 31 percent lower after tumbling by a similar amount last week.

BoE bails out key mortgage lenderupdated: Fri Sep 14 2007 21:21:00

The Bank of England has taken the unusual move of bailing out a key mortgage lender, as the global credit crunch threatened to claim its latest victim, sending European markets reeling.

Time.com: Is Britain's Economy Slowing Down?updated: Fri Jul 20 2007 17:25:00

The long boom that has sustained the Labour Party in power may be winding down, but the landing is unlikely to be hard

Time.com: Gordon Brown's New Cabinetupdated: Sat Jun 30 2007 18:15:00

A "Darling" choice by Britain's new Prime Minister, but a few other names that the U.S. may not find so sweet.

Sky marshals plan brings backlashupdated: Tue Jan 06 2004 14:29:00

The U.S. demand that armed air marshals be stationed on some U.S.-bound flights has prompted deep concerns among British pilots and staunch opposition to the move by two other airlines.

BA flight to U.S. delayed againupdated: Tue Jan 06 2004 06:38:00

After three consecutive days of 3 1/2 hour delays, British Airways Flight 223 has left London heading for Washington after only a two-hour delay.

Specific info on BA flights - U.S.updated: Sun Jan 04 2004 11:24:00

The delays and cancellations of several British Airways flights in the last week were justified by specific threats, according to the U.S. official in charge of security.

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