George Osborne

Ratings agencies rip into UK's credit score after Brexit vote

Finance minister George Osborne said on Monday the British economy was strong enough to cope with the volatility caused by Thursday's referendum.

UK's economy is strong enough 'to adjust to the new situation' post Brexit: George Osborne

Seeking to calm turbulent markets post Brexit, Finance Minister George Osborne on Monday said the UK's economy is in a strong position to confront the new challenges but it would have to "adjust to the new situation".

UK should trigger Article 50 after having a 'clear view' of its future ties with EU: George Osborne

Britain should only trigger Article 50 to leave the EU when it has a "clear view" of how its future in the bloc looks, finance minister George Osborne said Monday following last week's shock referendum.

Brexit impact: Spot gold climbs 1% as investors seek safe-haven

The result of the British vote forced the resignation of Prime Minister David Cameron and dealt the biggest blow since World War Two to the European project of forging greater unity

Brexit support gains ground as new opinion poll shows three-point lead

The camp favouring Britain's exit from the EU appears to have secured a slight edge as a new opinion poll on Sunday showed a three-point lead for Brexit.

Leaving EU would cause recession: British Finance minister George Osborne

Leaving the European Union would tip Britain into a "year-long recession", Finance Minister George Osborne warned on Monday as campaigning stepped up a month from a referendum on membership of the bloc Analysis released by the Treasury argued that leaving would cause "an immediate and profound economic shock" to Britain and damage economic growth.

'Choke off terrorism': UN Security Council passes resolution to cut Islamic State's finances

US Treasury Secretary Jacob Lew led the council's first-ever meeting of finance ministers, shoring up a major diplomatic push to end the war in Syria, where IS jihadists control a large swathe of territory and have installed their de facto capital.

Ease visa rules or we will relocate: Indian IT to the UK

However, the British government has decided not to make any change in the 'intra-company transfers' for the next two years.

S&P affirms UK's AAA credit rating, outlook stable

The agency said the rating outlook was stable, reflecting its "expectation that the government will continue to consolidate public finances", though it expects the economy to grow about 1.6% each year until 2015

India's tax plan may damage investment climate: UK finance minister

India's proposals to allow authorities to retrospectively tax overseas deals are a concern, British Finance Minister George Osborne said today.