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Iain Duncan Smith resigns his position as the United Kingdom's Secretary of State for Work and Pensions, in opposition to cuts in disability benefit proposed by George Osborne, the Chancellor of the Exchequer.
2016-03-18

In the United Kingdom, the unelected House of Lords, Parliament’s upper house, delays by three years reductions in tax credits paid to working people that would have cost affected families an average of £1,300 ($2,000) a year. This is the first major setback for George Osborne, Chancellor of the Exchequer, since the general election. Osborne said the government will "lessen" the impact of tax credit cuts for those affected, while vowing to press on with changes designed to save billions from welfare.
2015-10-26

Britain's Chancellor of the Exchequer, George Osborne, says that the finance ministers and central bankers of the G7 have agreed there must be co-ordinated action against tax evaders.
2013-05-11

Chancellor George Osborne accuses ministers in Gordon Brown's government of attempting to manipulate interest rates during the recession.
2012-07-4

The Chancellor of the Exchequer George Osborne delivers the 2011 United Kingdom budget.
2011-03-23

George Osborne, the United Kingdom Chancellor of the Exchequer, announces that the tax on bank profits will become permanent.
2011-02-8

The "Daily Telegraph" publishes further details of taped conversations with Liberal Democrat MPs, which include comments that British Prime Minister David Cameron cannot be trusted and Chancellor George Osborne has "a capacity to get up one's nose".
2010-12-23

Nobel-winning economist Christopher Pissarides states that Britain's Finance Minister George Osborne is exaggerating the possibility of a crisis and unnecessarily risking the country's economic recovery with his deep spending cuts.
2010-10-24

In the United Kingdom, Chancellor George Osborne outlines a Comprehensive Spending Review which will see the biggest spending cuts in decades, totalling £81bn, with welfare, local government and police particularly affected.
2010-10-20

George Osborne scraps Britain's financial regulator and grants new powers to the Bank of England.
2010-06-16