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  1. Big Lies: Promising benefits that cannot be delivered.

    Commentary

    Wed, 23 May 2012

    taxable incomes of $300,000 a year or more fell from well over a thousand to fewer than three hundred by 1921. After the British government raised their income tax on the top income earners in 2010, they discovered that they collected less tax revenue

  2. REFILE-Ex-UK editor Morgan accused again on hacking

    Headlines

    Wed, 23 May 2012

    LONDON, May 23 (Reuters) - One of Britain 's most respected journalists said on Wednesday that former tabloid newspaper editor Piers Morgan showed him how to hack into phones 10 years ago, the latest twist in a scandal that has so far centred on Rupert Murdoch.

  3. Tabloid story prompted SFO to nab Tchenguiz-lawyer

    Headlines

    Wed, 23 May 2012

    LONDON, May 23 (Reuters) - Britain 's embattled Serious Fraud Office pushed for the arrest of Robert Tchenguiz, one of the country's most high-profile property magnates, in part because of an...

  4. RLPC-Apax set to sell Marken as debt talks stall

    Headlines

    Wed, 23 May 2012

    LONDON, May 23 (Reuters) - Private equity firm Apax is preparing a possible sale of its troubled British medical courier Marken as talks with lenders over a fix of a loan covenant breach stall, banking sources said on Wednesday.

  5. Europe closes sharply lower as the momentum towards a Greek exit builds. Not to be discounted are ideas of EU leaders playing chicken to push Grecians into voting for establishment parties in June. ...

    Headlines

    Wed, 23 May 2012

    push Grecians into voting for establishment parties in June. Stoxx 50 -2.7% , Germany -2.3% , France -2.5% , Italy -3.5% , Spain -3.4% , U . K . -2.5% . The euro hits a 2-year low, -0.9% to $1.2565. 2 comments!

  6. UPDATE 1-Betfair joins gaming companies settling with Spain

    Headlines

    Wed, 23 May 2012

    LONDON, May 23 (Reuters) - Cash-strapped Spain has raised around 60 million euros ($77 million) in back taxes from gaming companies this week after Britain 's Betfair said it had settled with the authorities for a sum of under 10 million euros.

  7. Euro crisis pain primes Britain for more stimulus

    Headlines

    Wed, 23 May 2012

    LONDON (Reuters) - The Bank of England signaled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government flagged new steps to boost growth.

  8. UPDATE 2-Euro crisis pain primes Britain for more stimulus

    Headlines

    Wed, 23 May 2012

    LONDON, May 23 (Reuters) - The Bank of England signalled on Wednesday it was likely to pump more money into the struggling British economy if the euro crisis causes more mayhem, and the government...

  9. Scotland opens research centre for CO2 oil recovery

    Headlines

    Wed, 23 May 2012

    LONDON (Reuters) - Scotland 's University of Edinburgh on Wednesday opened a centre to research the use of carbon to retrieve oil otherwise hard to extract

  10. TEXT-S&P lowers rtgs in Greenock 4 and raises rtgs in Greenock 5

    Headlines

    Wed, 23 May 2012

    -- We have reviewed Greenock 4 and Greenock 5, applying our 2011 U . K . RMBS criteria and our 2010 counterparty criteria.

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