Prime Minister of the United Kingdom the incumbent is consistently ranked as one of the most powerful and influential people in the world. The Prime Minister is the head of the United Kingdom government. As such, the modern Prime Minister leads the Cabinet (the Executive). In addition, the Prime Minister leads a major political party and generally commands a majority in the House of Commons (the lower House of the legislature). The incumbent wields both significant legislative and executive powers. Under the British system, there is a unity of powers rather than separation. In the House of Commons, the Prime Minister guides the law-making process with
Lloyds Banking Group late 2008 and early 2009happened. This position was confirmed by Archie Kane, a senior Lloyds executive in Scotland, in evidence to the Scottish parliament's economy committee in December 2009. On 13 February 2009, Lloyds Banking Group said that the losses at HBOS were greater than had been anticipated, at around £10 billion. The share price of Lloyds Banking Group fell 32% on the London Stock Exchange, carrying other bank shares with it. On 13 October 2008, Prime Minister Gordon Brown announced a government plan for the Treasury to invest £37 billion (, ) of new capital into major UK banksincluding