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World News   England   Business   Financial (23)
England, Financial Timeline Saturday, March 20 Bookmark and Share     Author
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UK interest rates cut to new low  London: The Bank of England reduced interest rates by 0.5 percentage points to 1 percent, the lowest-ever level Lloyds pays $350m to end US case  London: UK-based bank has agreed to pay a $350m penalty to US authorities over financial transfers that violated US sanctions Interest rates hit all-time low  London: The Bank of England has cut rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to aid an economic recovery Pound hits new low against euro  London: The pound has hit a new record low against the euro; the grim outlook for the UK economy continues to put downward pressure on the currency   Banks face huge losses from $50B 'scam'
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Bonus row opens up G20 divisions  London: Deepening divisions are appearing among international finance ministers, about how to curb excessive bank bonuses G20 ministers meet amid divisions
G20 pledges tougher bank action


year 2009 Top ^

Sep.5
  London: Finance ministers from the most powerful economies have agreed a series of measures to try to regulate the global banking system
 The meeting did not agree on specific limits on the amounts individual bankers get paid
Sep.4
Mar.13
  London: Rifts are emerging as finance ministers from developing countries and major powers prepare to meet in England

Feb.5
Jan.9
Jan.8


year 2008 Top ^

Dec.29
Dec.15
  London: Some of the biggest names in global finance have lost hundreds of millions of dollars in a 'pyramid scheme' by Bernard Madoff
Nov.24 Darling cuts VAT in pre-Budget   London: Chancellor Alistair Darling has cut VAT from 17.5% to 15% for 13 months in his pre-Budget report to get consumers spending again Nov.6 UK interest rates slashed to 3%  London: The Bank of England has made a shock 1.5% point cut in UK interest rates to the lowest level since 1955 Oct.8 World's central banks slash interest rates
  London: The leading economies, led by the U.S. and the UK, slashed interest rates to tackle the global financial crisis after days of stock market losses.    Six central banks cut interest ...
Apr.20 Bank of England to detail £50bn plan  London: The bank is to announce details later of a plan to help prevent the credit crisis causing more damage to the UK banking system and economy Apr.18 Bank £50bn mortgage rescue plan  London: The Bank of England will next week unveil a plan to swap government bonds for British banks' mortgages

year 2007 Top ^

Dec.12 UK welcomes world cash injection
  London: Prime Minister Brown has welcomed a joint plan by the US Federal Reserve and other central banks to help ease strains in financial markets Nov.20 Bank data of 25 millions missing  London: Tax and customs service lost banking and personal data when 2 computer disks disappeared in an internal mail service Sep.20 Bank chief defends role in crisis   London: Bank of England governor has defended his handling of the Northern Rock crisis in a crucial appearance in front of a panel of MPs Aug.10 Central banks pour money into system  London: The U.S. Federal Reserve and European Central Bank pumped money into the banking system for a second day to ward off a global credit crisis

year 2005 Top ^

Jun.11 G8 ministers back Africa debt deal
  London: Finance ministers have agreed to cancel up to $55 billion worth of debt owed by the world's poorest nations
Jun.10 Hopes raised of Africa debt deal  An agreement between the United States and Britain is writing off $16.7 billion owed by 18 countries Apr.10 MG Rover gets £6.5m loan lifeline  The government has offered a loan to prevent redundancies being made at car manufacturer Feb.5 G7 backs Africa debt relief plan  Finance ministers have backed plans to write off up to 100% of the debts of some of the poorest countries

year 2004 Top ^

Jul.21 20,000 posts go in defence cuts  Defence Secretary Hoon has announced the cuts in the armed forces as part of modernisation plans

year 2003 Top ^

Jun.9   Brown: UK to rule out euro for now  Chancellor Brown is expected to rule out Britain's entry into Europe's single currency Apr.26 Harry Potter author richer than Queen

year 2002 Top ^


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