Bloomberg Chancellor of the Exchequer George Osborne outlined the bleakest scenario yet if the U.K. votes to leave the European Union, saying that Britain’s economy would suffer permanent damage hitting the public in the pocket. Quitting the 28-nation EU would leave the U.K. economy 6 percent smaller by 2030, according to a Treasury analysis released on Monday. The forecast ...

  Bloomberg Forget about Greek debt sustainability. Another part of the continent is in need of relief—and this time, it’s a part of the core, not the periphery. That’s how Credit Suisse Group AG analysts led by Peter Foley characterized comments from German Finance Minister Wolfgang Schaeuble earlier this month. “The German Finance minister said record low interest rates were ...

  Bloomberg CK Hutchison Holdings Ltd.’s $14.5 billion bid for Telefonica SA’s U.K. mobile-phone business has failed to win over European Union antitrust regulators who are expected within weeks to formally block the deal creating Britain’s biggest operator. The EC wasn’t convinced that Hutchison’s offers to sell space on its network to so-called virtual operators would create enough rivalry to ...