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Centrica owned British Gas today declared to reduce its gas and electricity prices as it will cut standard tariffs for gas by 17 percent and electricity by 11 percent which will lessen the average annual dual fuel bill for its customers by £167 to £953. This declaration came after British Prime Minister Tony Blair urged [...]

The Organization for Economic Cooperation and Development has recently said that it has ‘serious concerns’ about a U.K. government’s decision to halt an investigation into a Saudi Arabian arms deal involving BAE. The U.K. Serious Fraud Office had been investigating allegations that BAE Systems PLC had provided $115.8 million ‘slush fund’ as bribe to Saudi [...]