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George Osborne News

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George Osborne, now 45, became Britain`s youngest chancellor of the exchequer for more than a century when the Conservatives took power in 2010.
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Thousands marched through London on Saturday to protest against Britain`s vote to leave the EU, which has sparked political turmoil and polarised public opinion.
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Chancellor George Osborne, in an article published in the Times newspaper, has ruled himself out of the running to succeed Prime Minister David Cameron, British media reported on Monday
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Britain`s finance minister said on Monday the country`s economy was strong enough to cope with volatility caused by its vote to leave the European Union, whose leaders demanded a quick divorce and promised no special treatment.
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Britain's Treasury chief has sounded another warning about how a vote to leave the European Union in a referendum next week would damage the economy, arguing he would have no choice but to raise taxes and slash spending.
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Finance minister George Osborne had a total taxable income of £198,738 (247,900 euros, $283,500) during the 2014/15 financial year, according to a statement from his accountants released by officials.
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Most economists believe that Chancellor of the Exchequer Osborne will likely avoid any major shocks, with three months to go until Britons vote on EU membership in a crucial referendum.
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Britain`s unemployment rate has fallen to its lowest level in a decade, official data showed on Wednesday, but the government warned of headwinds from weak growth at home and abroad.
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India and the UK Tuesday agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance.
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Britain had a rare diplomatic rift with the United States this year when it became the first Western nation to support China`s Asian Infrastructure Investment Bank.
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The historic institution opened as a mixed prison in 1852 before becoming female-only in 1902.
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Britain announced a fresh round of deep cuts to public spending today but dropped a plan to cut welfare payments for the poorest and spared the police from savings after the Paris attacks.
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British Prime Minister David Cameron's government faced a growing row Sunday over plans to cut welfare payments for low-income workers on the eve of a highly sensitive vote in parliament.
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 Chinese Premier Li Keqiang met with British Chancellor of the Exchequer George Osborne on the sidelines of the seventh China-UK Economic and Financial Dialogue (EFD), the media reported on Tuesday.
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Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday.
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Corporations linked to offshore tax evasion by investors in Britain will face criminal sanctions under government plans unveiled Thursday, a month after an international scandal over tax-dodging in Switzerland.
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Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank (AIIB), making it the first Western nation to embrace the China-backed institution, but the United States reacted frostily to the development.
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Britain is looking to sell the Royal Bank of Scotland as quickly as possible, Chancellor George Osborne has told the Financial Times.
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The OECD group of leading economies on Tuesday approved Britain`s running of the economy but warned about growing inequality, in a boost for Prime Minister David Cameron as elections loom.
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The Treasury announced in a statement that the sale has trimmed the government`s stake from 24.9 percent to just under 24 percent.






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