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IMF urges UK to spend more to fund investment

LONDON (Reuters) - Britain's government should spend more now to fund investment and steer its economy back to recovery, the International Monetary Fund said on Wednesday, a call unlikely to be heeded by finance minister George Osborne.Full story

Lloyds Chairman Bischoff stands down as government sale looms

LONDON (Reuters) - Lloyds Banking Group Plc <LLOY.L> Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale. Full story

G7 says Japan playing by currency rules

Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a two-decade period of stagnation, not an attempt to drive down its currency to make Japan's exports more competitive. Full story

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UK's Osborne says G7 vows to tackle bank reform with urgency

British overseas territories sign deal to curb tax evasion

UK retools flagship credit scheme to help small firms

UK budget deficit barely falls in 2012/13, more pain ahead

IMF's Lipton adds pressure on UK to change economic course

UK inflation holds steady, IMF cuts growth outlook

Macabre manslaughter case stokes debate on UK welfare reform

Commission considers good and bad of British banking

More Britons trust Cameron on economy than his rivals, despite grim data

British budget deficit and retail data offer rare positive news

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Britain's Finance Minister George Osborne and his Indian counterpart Palaniappan Chidambaram (R) visit the Pudding Mill Lane Crossrail construction site, in east London
Britain's Finance Minister George Osborne and his Indian counterpart Palaniappan Chidambaram (R) visit the Pudding Mill Lane Crossrail construction site, in east London

Britain's Finance Minister George Osborne and his Indian counterpart, Palaniappan Chidambaram, visit the Pudding Mill Lane Crossrail construction site, in east London May 16, 2013. REUTERS/Lefteris Pitarakis/pool (BRITAIN - Tags: BUSINESS POLITICS TRANSPORT)

Britain's Finance Minister George Osborne and his Indian counterpart Palaniappan Chidambaram visit the Pudding Mill Lane Crossrail construction site, in east London
Britain's Finance Minister George Osborne and his Indian counterpart Palaniappan Chidambaram visit the Pudding Mill Lane Crossrail construction site, in east London

Britain's Finance Minister George Osborne and his Indian counterpart, Palaniappan Chidambaram, are lowered into a shaft during their visit to the Pudding Mill Lane Crossrail construction site, in east London May 16, 2013. REUTERS/Lefteris Pitarakis/pool (BRITAIN - Tags: POLITICS BUSINESS TRANSPO

Britain's Chancellor of the Exchequer George Osborne speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury
Britain's Chancellor of the Exchequer George Osborne speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

Britain's Chancellor of the Exchequer George Osborne speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, 2013. Group of Seven finance officials agreed on Saturday to press on with measures to deal wit

Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury
Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, 2013. Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks

Britain's Chancellor of the Exchequer George Osborne speaks to reporters at thye close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury
Britain's Chancellor of the Exchequer George Osborne speaks to reporters at thye close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury

Britain's Chancellor of the Exchequer George Osborne speaks to reporters with Bank of England Governor Mervyn King at thye close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, 2013. Group of Seven finance officials agreed on Sa