June 27: Queen of England receives some $80 million each year, or about $1.32 from every British citizen, but she too is feeling the credit crunch as cracks are beginning to appear in the walls of Buckingham Palace. ITN's Romily Weeks reports. (Nightly News)
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British Bank Rescue Plan - $75 Billion Fund to Buy Bonds and Loans, Guarantees for Asset-Backed Debt, Direct Relief for Banks, More Lending by Northern Rock, and RBS Stake Raised to 70%; Rescue Will Cost at Least $150 Billion; U.K. Prime Minister Gordon B
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The credit crunch and consumer pessimism may spell a bleak outlook for other British retailers in 2009. MarketWatch's Aude Lagorce reports. (Dec. 31)
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At least a few folks in the music world aren't prepping to play Obama's inauguration. Virgin kills their brick and mortar flagship, a British tabloid claims David Bowie laid the path for the credit crisis, and the Italians accuse Prince of theft. Plus, Kanye loves to leak, Morrissey mak...
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Yahoo, AOL close to combing operations to thwart Microsoft, Person says; British Energy: RWE offers $21.7 billion, FT says; EDF also conducts due diligence; Centrica offers all share bid; Analysis by Chris Tinker of ICAP Apollo
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Taken from ITN News on 05th November 2009: The Bank of England have agreed to pump an extra £25 billion into the economy to help push Britain out of the current recession. ... "bank of england" recession "uk economy" "credit crunch" "british monetary policy"
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