Report: Britain to Spend More on Debt Relief
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LONDON, Sept. 25 -- Britain plans to spend about $180.2 million more a year on debt relief for some of the world&#39;s poorest countries, the Guardian newspaper reported Saturday.
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THE British government today raised its pledge for aid to the tsunami disaster to Â£50 million ($124.22 million), up Â£35 million ($86.96 million) from yesterday, the Department for International Development said.
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The government is spending more on tracking benefit fraud as it is getting back, a report says.
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The world's richest nations are likely to agree to freeze debt repayments for countries devastated by the Indian Ocean tsunami, and some countries may have all or part of their debt written off, Britain's ...
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Britain's visiting Chancellor of the Exchequer Gordon Brown was set to sign a debt relief pact with Tanzania in a bid to jumpstart London's proposal for a "new Marshall plan" to help ease African nations' chronic poverty and help them fund development projects.
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Government bodies have lost tens of millions of pounds in debts and fraud, a spending watchdog says.
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Business & money: Spending binge looks likely to be followed by a big rise in personal insolvencies and falling house prices
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The UK and other developed countries are meeting to plan ways to spend aid more effectively in poor countries.
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Finance ministers from the Group of Seven industrial nations said Saturday they were willing to provide up to 100 percent debt relief to the world's poorest nations, but insisted that developing countries ensure the money would be spent wisely.
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Britain, which holds the presidency of the G8 bloc of leading industrialized nations, wants to reach agreement by mid-January on reducing the debt of the countries hit by the tsunami in Asia, the Financial ...
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The number of Britons experiencing problems with debt has "risen significantly", the Citizens Advice charity says.
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Soaring household debt and the rise in credit card spending has left Briton&#39;s borrowers teetering on the brink of a precipice when it comes to the amount they owe, the Bank of England has warned.
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Consumers in the UK are becoming more prudent when it comes to getting into debt, according to financial advisers.
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G-7 approves debt relief, but British 'Marshall Plan' for poor countries faces US skepticism.
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Chancellor Gordon Brown outlines his plans to increase aid to developing countries and eliminate debt owed by poorer nations
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The Government is poised to divert an extra Â£100 pounds a year of financial aid relief to help some of the world&#39;s most impoverished countries deal with interest payments and perennial debt, according to press reports.
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Britain has decided to cancel Mozambique's total debt to it of 150 million dollars (114 million euros) to help the southern African country combat poverty, visiting Chancellor of the Exchequer Gordon Brown revealed.