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Britain's first post-Brexit budget will focus on infrastructure and could spell an end to the previous government's rigid fiscal targets, according to a treasury statement released yesterday.
Financial markets remained volatile Monday despite a speech by Chancellor of the Exchequer George Osborne aimed at reassuring British people and the global community following the EU referendum result.
Former U.S. President Bill Clinton intervened in the British referendum debate on separation from the European Union, urging Britons to vote June 23 to remain within the EU.
The UK budget unveiled on Wednesday will mean an extra year of cuts to public services, according to the Institute of Fiscal Studies (IFS).
Chinese Premier Li Keqiang met Monday with British Chancellor of the Exchequer George Osborne, in China for the seventh China-UK Economic and Financial Dialogue (EFD).
The City of London wants to establish itself as the pre-eminent location for new Asian markets like the Chinese RMB in the West.
Britain's Chancellor George Osborne on Monday warned a eurozone stand-off over Greece's debt was becoming the biggest risk to the global economy.
British government will levy foreign property owners on selling homes that are not their primary residence, Finance Minister George Osborne announced on Thursday in his autumn budget statement.
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