Latest Budget Headlines RM reducing dependency on UK market - ShareCast - Mon 23 Nov, 03:35 PM RM Group, the IT company focused on the education sector, is seeing an increasing amount of its revenue emanating from outside the UK, contributing to a full year performance that was ahead of budget. IMF Backs Brown On Fiscal Stimulus - Sky News - Mon 23 Nov, 02:23 PM The IMF has backed Gordon Brown's assertion that the fiscal stimulus must not be withdrawn too hastily. Brown urges stronger China links to boost recovery - AFP - Mon 23 Nov, 01:22 PM Prime Minister Gordon Brown, seeking to lift Britain out of a record recession as he battles to stay in power, urged stronger trade links with China in a speech to business leaders on Monday. Brown calls for plan on global imbalances - Reuters - Mon 23 Nov, 01:14 PM LONDON (Reuters) - Prime Minister Gordon Brown, aware his chances of re-election may hinge on the economy emerging from recession, called on Monday for a global growth strategy to tackle trade and currency imbalances. Brown/Cameron at CBI conference - Reuters - Mon 23 Nov, 01:14 PM LONDON (Reuters) - Prime Minister Gordon Brown and opposition leader David Cameron addressed the annual conference of the Confederation of British Industry on Monday. Brown says ready to respond swiftly to Walker review - Reuters - Sat 21 Nov, 07:46 PM LONDON (Reuters) -Prime Minister Gordon Brown said on Saturday in his weekly podcast he was ready to "respond swiftly" to David Walker's banking review recommendations expected next week. New budget to save Greek economy: prime minister - AFP - Fri 20 Nov, 06:03 PM The Greek socialist government tabled a budget on Friday to cut the public deficit to 9.1 percent of output and save the country's economy from the "emergency room," Prime Minister George Papandreou said. Borrowing forecasts under threat - Reuters - Fri 20 Nov, 01:02 AM LONDON (Reuters) - Public finances deteriorated almost twice as fast as expected last month, raising the risk the government will have to raise its borrowing forecasts when it unveils its pre-budget report next month. OECD urges action as Britain's debt mounts - AFP - Thu 19 Nov, 05:11 PM The OECD urged action on Thursday as new data showed Britain plunging ever deeper into debt, one day after Prime Minister Gordon Brown pledged a new law to fix public finances. British public finances worsen in blow for PM - AFP - Thu 19 Nov, 01:46 PM Britain's public finances worsened by a record amount in October, official data showed on Thursday, one day after Prime Minister Gordon Brown pledged legislation to halt the damage. UK needs firm plan to cut borrowing-OECD - Reuters - Thu 19 Nov, 01:18 PM PARIS (Reuters) - Britain needs to come up with a concrete plan to cut its ballooning budget deficit to soothe concerns about the stability of the public finances, a leading think-tank said on Thursday. UK public sector borrowing hits record £11.4 bln - AFP - Thu 19 Nov, 11:23 AM The British government borrowed a record 11.4 billion pounds (12.8 billion euros, 19 billion dollars) in October, official data showed on Thursday. PSNB figures in line with budget forecast-Treasury - Reuters - Thu 19 Nov, 10:22 AM LONDON (Reuters) - The latest public borrowing figures, which were much worse than market expectations, are broadly in line with forecasts made at the time of the budget, the Treasury said on Thursday. British PM unveils final plans before election - AFP - Wed 18 Nov, 05:07 PM British Prime Minister Gordon Brown unveiled a crackdown on the banking industry Wednesday as part of a voter-friendly agenda designed to boost his party's chances at elections barely six months away. British PM unveils plans for bank crackdown - AFP - Wed 18 Nov, 03:41 PM British Prime Minister Gordon Brown unveiled a crackdown on the banking industry on Wednesday as part of a voter-friendly agenda designed to boost his party's chances at elections barely six months away. Government targets deficit, bank pay ahead of vote - Reuters - Wed 18 Nov, 01:19 PM LONDON (Reuters) - The government laid out plans on Wednesday to halve the burgeoning budget deficit and curb bankers' pay in the hope of reviving its popularity before a national election next year. INSTANT VIEW - Reaction to Labour's legislative agenda - Reuters - Wed 18 Nov, 01:19 PM LONDON (Reuters) - The Labour government, trailing in opinion polls ahead of an election next year, committed to halving a burgeoning budget deficit and said it would curb bankers' pay in draft laws unveiled on Wednesday. Queen's Speech Sets Out Election Battlelines - Sky News - Wed 18 Nov, 10:51 AM Gordon Brown will use today's Queen's Speech to set out the battlelines for the forthcoming General Election. Government commits to deficit cuts - Reuters - Wed 18 Nov, 09:30 AM LONDON (Reuters) - Labour will make a legal commitment to halve its burgeoning budget deficit in four years in a final set of draft laws ahead of an election next year, business minister Peter Mandelson said on Wednesday. Deficit cuts to be enshrined in law - Mandelson - Reuters - Wed 18 Nov, 09:14 AM LONDON (Reuters) - The government will enshrine in law its commitment to halve the budget deficit over the next four years, Business Secretary Peter Mandelson said on Wednesday. World Bank approves $200 million loan to Serbia: minister - AFP - Tue 17 Nov, 08:16 PM The World Bank has approved a 200-million-dollar (133-million-euros) loan to Serbia to support its budget, Serbian Economy Minister Mladjan Dinkic said Tuesday. easyJet reports profit drop on high fuel costs - AFP - Tue 17 Nov, 12:52 PM British budget airline easyJet said on Tuesday that rising jet fuel costs were a factor in a 14-percent drop in annual net profit to 71.2 million pounds (80 million euros, 120 million dollars). easyJet FY profit drops 50% - ShareCast - Tue 17 Nov, 08:08 AM Budget airline easyJet said full year pre-tax profit halved after it was hit by higher fuel costs. FX morning update - US dollar looking soft in Asia - ShareCast - Mon 16 Nov, 07:15 AM The US dollar opened lower in Asia as doubts about the US's ability to deal with its growing budget deficit re-surfaced over the weekend. New Powers To Rein In High-Rolling Bankers - Sky News - Sun 15 Nov, 08:47 AM Gordon Brown has promised a "transformation" of the way the financial sector is policed as the centrepiece of Wednesday's Queen's Speech. Obama vows 'serious' bid to cut US deficit - AFP - Sun 15 Nov, 06:59 AM President Barack Obama on Sunday vowed to take "serious steps" to cut the huge US budget deficit, which is complicating America's economic recovery hopes and threatening his own political prospects. British PM vows law to crackdown on banker bonuses - AFP - Sun 15 Nov, 02:48 AM Prime Minister Gordon Brown promised Sunday to introduce legislation to "transform" the policing of Britain's financial sector when his government sets out its political programme this week. US begins new fiscal year in the red - AFP - Fri 13 Nov, 08:04 AM The US government has begun its new fiscal year in the red, posting a 176.364 billion dollar deficit in October, the biggest on record for the month. Europe sets down firm deficit deadlines - AFP - Wed 11 Nov, 05:58 PM The European Commission on Wednesday gave 13 countries -- including Britain, France and Germany -- firm deadlines to bring bloated public deficits back under tight control. Brown faces questions in parliament - Reuters - Wed 11 Nov, 03:18 PM LONDON (Reuters) - Prime Minister Gordon Brown faced weekly questions from MPs on Wednesday. Pre-budget report to be issued on Dec 9 - Reuters - Wed 11 Nov, 12:35 PM LONDON (Reuters) - The government will announce its pre-budget report in parliament at 12:30 p.m. on December 9, a Treasury official said on Wednesday. EU mulls extending Irish deficit cut deadline - Reuters - Tue 10 Nov, 09:59 PM DUBLIN (Reuters) - The European Union is considering giving Ireland a one-year extension until 2014 to reduce its budget deficit to the EU's limit of 3 percent of gross domestic product, EU and Irish officials said on Tuesday. France cornered amid EU deficits charge - AFP - Tue 10 Nov, 07:56 PM France was cornered among Europe's big guns on Tuesday as it sought to avert a public slap from the European Union this week over ballooning deficit levels. PM plays down bank transaction tax - Reuters - Tue 10 Nov, 03:53 PM LONDON (Reuters) - Prime Minister Gordon Brown said on Tuesday banks must be made to act responsibly but that a levy on transactions was only one possible way of achieving this. Brown taking steps to allay deficit fears - Reuters - Tue 10 Nov, 02:22 PM LONDON (Reuters) - Britain has already taken steps to assuage concerns over government borrowing with a plan to cut the budget deficit by half over four years, Prime Minister Gordon Brown said on Tuesday. HIGHLIGHTS - Brown's regular press conference - Reuters - Tue 10 Nov, 11:11 AM LONDON (Reuters) - Below are highlights from Prime Minister Gordon Brown's regular press conference on Tuesday. Germany agrees to fix deficit by 2013: minister - AFP - Tue 10 Nov, 10:36 AM Germany will adhere to a European Commission demand to fix its public deficit by 2013, Finance Minister Wolfgang Schaeuble said on Tuesday. Europe singles out France over swollen deficits - AFP - Mon 09 Nov, 10:20 PM The European Commission was on a collision course with France on Monday, with a major row brewing over when Paris will have to rein in spending. EU on collision course with France: sources - AFP - Mon 09 Nov, 06:08 PM The European Commission was on a collision course with France on Monday, with a major row brewing over when Paris will have to rein in spending. EU 'on collision course with France' over deficits - AFP - Mon 09 Nov, 05:03 PM The European Commission is on a collision course with France over its national deficit, with a major row brewing on Monday over when it will have to rein in spending. More Budget Headlines