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Guessing the fate of Northern Rock is no less popular right now than guessing that of Chancellor of the Exchequer Alistair Darling. When Brown picked him as his successor as finance minister last June, Darling's closeness to Brown was his strength. Dependable, gaffe-free (and, like the Prime Minister, a Scot), Darling was a safe bet at the Treasury. Much less so now. Recent controversies over changes to Britain's capital gains tax, and plans to tax non-domiciled foreigners living in the U.K., have heaped criticism on Darling. And the strung-out - and fruitless - search for a buyer...

Author: /time Magazine | Title: Will Northern Rock Sink Brown? | 2/18/2008 | See Source »

When he announced the changes back in October, Chancellor of the Exchequer Alistair Darling admitted that they might only bring in an additional $1.28 billion a year. But the real issue isn't the money, he said - it's that "Everyone who lives and works here should pay their fair share." Raising taxes for those who can't vote might be a canny political move, but economically it may backfire. The Treasury reckons some 3,000 registered nondoms - out of a total of 115,000 - will pull up stakes when the new rule kicks in on April 6. Britain...

Author: /time Magazine | Title: Take the Money and Run | 2/6/2008 | See Source »

...Concerns that a small group of foreigners are controlling much of Britain's wealth has moved the government to change the rules. In October, Chancellor of the Exchequer Alistair Darling announced a proposal to charge foreign residents an annual $60,000 fee beginning in the eighth year of their stay in Britain. The question is, if London's foreign rich follow the money right out of town as a result, can London afford to lose them? Scorpio Partnership's Dovey fears the worst. "They don't have any deep ingrained ties to Britain," he says. "If the economic climate changes...

Author: /time Magazine | Title: Ritzy Business | 1/17/2008 | See Source »

...sculpture is just three and a half inches tall and looks like a female body-builder with a lion's head. But there's no question that the 1948 purchase of the "Guennol Lioness" by Alistair Bradley Martin was a brilliant investment. The 5,000 year-old piece of Mesopotamian religious art - presumably of Inanna, goddess of sex and war - was sold at auction by Sotheby's New York last week for a record-shattering $57.2 million. Found at an archaeological dig near Baghdad, it is an extremely rare representation of the goddess - known elsewhere as Ishtar - in animal form...

Author: /time Magazine | Title: Antiquities: The Hottest Investment | 12/12/2007 | See Source »

...tougher to put a positive gloss on the loss of two CDs containing vital personal information about 25 million Britons, including bank details and other data that could be exploited by identity fraudsters. Brown's successor as Chancellor, Alistair Darling, told incredulous colleagues in the House of Commons on Nov. 20 that the discs intended for the National Audit Office had sent by the standard courier service used for internal government mail by an official at the government department HM Revenue & Customs, flouting guidelines on the security of such data. The discs never reached their destination...

Author: /time Magazine | Title: Scandal Knocks Britain's PM | 11/27/2007 | See Source »

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