British Prime Minister Brown says there'll be no government spending splurge, while British finance minister Darling wants the safety net for savings increased. Former U.S. Fed chairman Greenspan calls the financial crisis earlier this year an "accident waiting to happen". British Prime Minister Gordon Brown said on Monday (October 1) there would be no government spending splurge as speculation grows that he will soon call a snap general election. In a speech at the Reuters headquarters in London alongside former U.S. Federal Reserve chairman Alan Greenspan and British finance minister Alistair Darling, Brown said his government would not relax its fiscal discipline for any short-term gain. "There will be no irresponsible relaxation of pay discipline in the public sector, no unfunded spending commitments, no unaffordable promises, no short-term giveaways," Brown said. "A responsible government demands that stability will be our determination first and foremost yesterday today and...
Britainâs Prime Minister Gordon Brown has told Iceland Prime Minister Geir Haarde that he is considering legal action against the island nation over the collapse of its national banks. Brown...
Prime Minister Gordon Brown says Britain will halve its force in Iraq to 2,500 troops from spring next year, after handing over responsibility for the southern province of Basra to Iraqi forces,...
As police continued to hold eight suspects, including one in Australia, in connection with the car bomb plots in London and Scotland, British Prime Minister Gordon Brown has praised the new Home...
Oct. 13 - Speaking at Thomson Reuters' editorial headquarters, UK Prime Minister Gordon Brown called for "a new financial architecture for the global age".
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