Financial Regulatory Forum

Facing defeat, UK government targets deficit, bank pay

By Keith Weir and Matt Falloon
LONDON, Nov 18 (Reuters) – Britain’s Labour government promised on Wednesday to halve its huge budget deficit and curb bankers’ pay in the hope of reviving its popularity before a national election next year.

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Britain’s ailing Labour takes aim at bankers

Britain's Chancellor of the Exchequer Alistair Darling leaves 11 Downing Street for the weekly Prime Minister's Questions session at the House of Commons in central London July 1, 2009. REUTERS/Andrew Winning (BRITAIN POLITICS BUSINESS)   By Sumeet Desai and Matt Falloon
   BRIGHTON, England, Sept 28 (Reuters) – Britain’s Labour Party, trailing in opinion polls ahead of an election next year, promised on Monday to clamp down on bank bonuses and said it had the right policies to overcome recession. (more…)

UK to crack down on tax avoidance

Britain's Financial Secretary to the Treasury Stephen Timms arrives at 11 Downing Street in London June 8, 2009. LONDON, Sept 21 (Reuters) – Britain’s Labour government will use its upcoming prebudget report to clamp down on tax avoidance, Treasury minister Stephen Timms said on Monday.

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