Labour Party

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  Where Have All of Britain’s Millionaires Gone?

  By Gil Weinreich, AdvisorOne  |  November 28, 2012

  That’s a question many Britons are asking now that new data show nearly two-thirds of the country’s million-pound earners have disappeared nearly one year after a tax hike on the nation’s highest earners.

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  U.K. Officials to Question U.S. Companies on Taxes

  By Marlene Y. Satter, AdvisorOne  |  November 12, 2012

  American executives from Amazon, Google and Starbucks were to be on the hot seat in Britain on Monday as they faced questioning by U.K. tax authorities over how they managed to pay so little tax on earnings that amounted to billions.

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  London Could Lose Out Over Eurozone Banking Union

  By Marlene Y. Satter, AdvisorOne  |  November 1, 2012

  Opposition to an EU budget freeze and to Britain’s joining a eurozone banking union could cost the City of London its position at the top of the world’s financial centers.

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  Tough Talk in U.K. on Banks, Starbucks Taxes

  By Marlene Y. Satter, AdvisorOne  |  October 17, 2012

  The U.K. was sounding a note of authority with assertions that banks should be compelled to hold a certain amount of capital and threats of an investigation into Starbucks’ tax affairs.

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  August Deficit Hits Record in U.K.

  By Marlene Y. Satter, AdvisorOne  |  September 21, 2012

  Chancellor of the Exchequer George Osborne could be in for some tough times from the British public should he continue to push through cuts in an attempt to contain the deficit.

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  U.K. Lawmakers Call for Arctic Drilling Moratorium

  By Marlene Y. Satter, AdvisorOne  |  September 20, 2012

  A body of British lawmakers says there is inadequate cleanup infrastructure in place in case of a spill.

• Dutch PM Wins but Could Be Forced to Form Coalition

  By Marlene Y. Satter, AdvisorOne  |  September 13, 2012

  Dutch Prime Minister Mark Rutte’s Liberal Party emerged triumphant from the Netherlands’ election on Wednesday, defeating far-right euroskeptic voices, but he may need to form a coalition with the Labour Party, which finished only two seats behind his own.

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  U.K. Recession Deepens

  By Marlene Y. Satter, AdvisorOne  |  July 25, 2012

  As the world counts down to the opening of the Olympic Games in London on Friday, Londoners—and others in Britain—are dealing with an economy that in Q2 of this year slowed considerably more than expected.

• BoE’s Tucker Will Testify on Barclays, Libor

  By Marlene Y. Satter, AdvisorOne  |  July 9, 2012

  Paul Tucker, deputy governor of the Bank of England, was to appear before Parliament to give his version of events described in a memo written by Bob Diamond, former CEO of Barclays.

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  Probe of Libor Scandal Set by British Parliament

  By Marlene Y. Satter, AdvisorOne  |  July 6, 2012

  An investigation into the rigging of Libor has been set by the British Parliament as the City of London worries that its reputation as the world’s top financial center has been damaged beyond repair.