New UK prime minister May names Philip Hammond as Chancellor
Philip Hammond, who until earlier on Wednesday was Britain’s Foreign Secretary, has succeeded George Osborne as Chancellor in the government being formed by new Prime...
George Osborne
Osborne drops 2020 budget surplus target after Brexit vote
British finance minister George Osborne said on Friday he was no longer sticking to his centrepiece policy of turning the country’s budget deficit into a...
EU leaders tell Britain to exit swiftly, market rout halts (Update 4)
European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union,...
UK will need to raise taxes after EU vote – finance minister Osborne
Britain will need to raise taxes and cut spending later this year to stabilise the public finances after last week’s shock vote to leave the...
Brexit vote sends new shocks through financial markets, political chaos deepens (Update 5)
By Kylie MacLellan and Anirban Nag Britain’s vote to leave the European Union sent new shockwaves through financial markets, with the pound falling despite the...
Osborne faces rebellion over Brexit emergency budget (Updated)
Finance minister George Osborne said on Wednesday he would introduce an emergency budget if Britain voted to leave the European Union, but 57 of his...
Osborne warns of UK tax hikes, spending cuts if voters shun EU
British finance minister George Osborne, battling to keep the country in the EU, warned voters that he will take new austerity measures if they decide...
Cameron warns leaving EU is “the self-destruct option” as vote approaches (Updated)
Leaving the European Union would be economic self-destruction for Britain, shattering stability, Prime Minister David Cameron said on Monday, presenting a finance ministry report warning...
G7 united against Brexit but can only hope for an ‘In’ vote
Finance leaders of the Group of Seven industrial powers united over the weekend in wishing that Britain stays in the European Union, but acknowledged they...
Osborne sees house prices sliding 10-18 per cent if Britain leaves EU
British house prices would fall 10 per cent to 18 per cent if the country voted to leave the European Union, Chancellor George Osborne said....
