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The U.K. has a new coalition government which is focussed on correcting the situation with the budget deficit which imperils Britain's financial rating.
Grouped Articles
Tough Slog to Balancing U.K.’s Budget
Wall Street Journal 12/04/2014
Britain's accidental revolution
Economist 05/13/2010
Economist 05/13/2010
Economist 05/13/2010
U.K. Unveils Severe 'Unavoidable Budget'
Wall Street Journal 06/23/2010
Reforming the state: Radical Britain
Economist 08/14/2010
Both Liberals and Conservatives in the U.K. agree on a levy on the banks to raise 1 billion pounds. Liberal's Cable is the new Business Secretary and he favors shrinking the large banks and reducing systemic risk, and a separation of retail and investment banking activities. The Financial Services Authority will continue to operate and examine banks, the Bank of England will oversee systemic risk and regulation of banks.
Grouped Articles
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/14
David Cameron Leads a Call to Thwart Financial Corruption
New York Times 05/12/16
Economist 05/13/10
A Crisis of Faith in Mervyn King, Britain's Central Banker
New York Times 02/06/11
British banks: Vickers in a twist
Economist 01/29/11
British Bank Proposal Expected to Include Stiff Rules
New York Times 04/07/11
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