David cameron
LONDON - Britain's new coalition government will outline spending cuts of some 6 billion pounds ($8.9 billion) this year in an emergency budget next month, Treasury chief George Obsorne said Monday.
LONDON - Britain's first coalition government in seven decades held its inaugural meeting Thursday, as members of once-rival parties sat around the Cabinet table together - and signaled their seriousness about deficit-slashing by agreeing to an immediate pay cut.
NEW YORK - The dollar moved higher against the euro and the pound Wednesday on concerns about the nearly $1 trillion financing package for euro countries and the new British government's plan to reduce its debt.
LONDON - Conservative leader David Cameron says British Prime Minister Gordon Brown's Labour Party has lost its mandate to govern - but he acknowledged that the outcome of Britain's national election remained uncertain.
LONDON - Britain was weighing a beleaguered yet experienced incumbent against an untested but charismatic Conservative rival - along with a surprise upstart contender - in an election Thursday that was so close it could yield an uncertain outcome and prolonged political turmoil.
