Bloomberg U.K. Chancellor of the Exchequer George Osborne dropped a plan to overhaul pension tax relief after pressure from industry groups and fellow Conservative lawmakers. Osborne last year studied whether to scrap some pension giveaways and was predicted to flesh out plans in his March 16 budget, only to be warned off amid concerns it would hurt affluent voters. The ...

Bloomberg With talk swirling about the Norwegian interest rate heading to zero, the nation’s finance minister is confident its banks can withstand the added pressure to their balance sheets. “The Norwegian banking system is very robust and has been able to adjust quickly to the new demands in regulatory framework,” Siv Jensen said in Oslo. “They are robust enough to ...

Bloomberg Easing anxiety over Britain’s potential exit from the European Union may be complemented next week by signs of a stronger U.K. economy, supporting the pound further after its best week since 2009 against the dollar. Britain’s currency recovered from its steepest weekly decline versus the greenback in more than seven years as a report Friday showed wage-growth in the ...