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U.K. Cabinet and Departments

Alistair Darling steps in to help Icelandic bank crash victims

Alistair Darling: riding to the rescue of British savers. Photograph: Peter Macdiarmid/Getty images The failed Icelandic bank Landsbanki will receive up to £100m from the Bank of England to help it repay British savers with...

Spirit of Churchill invoked by Prime Minister Gordon Brown

Gordon Brown sought to don the mantle of Churchill and Roosevelt yesterday as he called for world leaders to gather for a new Bretton Woods, the conference held in 1944 to draw up a postwar financial order.

European leaders won over by Brown's triple-whammy bank rescue strategy

French president Nicolas Sarkozy issues a statement on the financial crisis at the Elysee Palace in Paris. Photograph: Gerard Cerles/AFP The governments of Europe today embarked on their biggest financial gamble since the...

Henry Paulson lays down law as bankers hear details of $700bn bailout$

Henry Paulson, the US Treasury Secretary, moved to follow Britain’s leads yesterday by nailing down a plan for the US Government to buy shares in banks. Mr Paulson convened an emergency meeting of senior American bankers in...

Waving goodbye to their jobs and payoffs, the men who once controlled wealth of millions

Patrick Hosking, Banking and Finance Editor Four of the most senior figures in British banking fell on their swords yesterday as the Government set out the ground rules for a new lower-paid and more heavily regulated era. The...

RBS to pay price of intervention by cutting jobs

Thousands of jobs are under threat as Royal Bank of Scotland (RBS) slims down its global markets and investment banking division as part of the price of the Government's £20 billion capital injection.

Ministers shelve 42-day detention

Ms Smith told MPs her priority was protecting the British people Home Secretary Jacqui Smith has said that plans to extend terror detention to 42 days will be dropped from the Counter-Terrorism Bill. It follows a heavy defeat...

Funeral delay raised in Commons

People on benefits receive help to pay for family funerals An MP says he is "absolutely appalled" a family waited two months to bury a relative because of a delay in receiving a government support payment. The family, from...

Mugabe swears in vice-presidents as Zimbabwe power-sharing deal falters

Mbeki heading to Harare after Mugabe's unilateral allocation of ministries threatens agreement with opposition president, Robert Mugabe, has sworn in two vice-presidents in a move that could further jeopardise crisis talks to...

Financial Crisis Gordon Brown calls for 'new Bretton Woods'

Gordon Brown has called for a "new Bretton Woods" international agreement to prevent a repeat of the global financial meltdown. By Robert Winnett, Deputy Political Editor Gordon Brown and Alistair Darling during a press...

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