The Great Debate UK
from Matt Falloon:
The Conservatives might be wishing they could have held their party conference before Labour.
Prime Minister Gordon Brown's address to his party conference in Brighton on Tuesday has thrown down a flood of new ideas, policies and initiatives from faster cancer diagnosis to choosing how Britain votes in what read more like an mini-election manifesto than a speech.
Brown played to his strengths (policy) and avoided trying to overcome his well-known weaknesses (not much of a political entertainer) in public. Trying to be someone else could have been a disaster for a man way behind in the polls to the Conservatives.
Whether it will be enough to make any difference to the polls remains to be seen -- Labour needs a miracle there after all.
But, for now, going for the policy jugular seems to have done the trick -- giving his browbeaten party something to get excited about and hitting the Conservatives where it hurts.
David Cameron's Conservatives have been accused of not giving enough detail on how they would govern the country if the polls are correct and they are to win power next year.
They will have to start showing their hand soon if they are going to convince voters that they have the ideas to run the country and aren't just a vote for change for the sake of it.
No longer just a hopeless cause for anti-capitalist activists, the idea of a global tax on financial transactions is gaining ground in Europe.
European Union leaders could not agree to put it on the agenda of this week's G20 summit on reforming the financial system in Pittsburgh, but the leaders of France, Germany and the European Commission endorsed the concept.
More strikingly, the head of Britain's Financial Services Authority, which regulates the world's second biggest banking centre, said last month that such a levy could help shrink a swollen financial sector.
from UK News:
The four Vanguard class submarines which make up what is left of the UK deterrent come to the end of their lives around 2019 and their Trident missiles will need updating in the 2020s.
- Carl Mollins is a Toronto-based journalist who has worked at the Toronto Daily Telegram, Reuters (in London), The Canadian Press news service (in Toronto, London, Ottawa, Washington, DC) and Maclean’s magazine (in Toronto and Washington, DC). The opinions expressed are his own. -
It was long ago, in 1761, when Pennsylvanian portrait artist Benjamin West moved east—across the Atlantic. Nine years later in England, he looked back west to produce a controversial but renowned portrayal of the death of British General James Wolfe during England’s seizure of Quebec from France 250 years ago, on September 13, 1759.
from UK News:
The "charm" offensive –- held under the auspices of trade body the Defence Industries Council (DIC) –- began with executives from BAE Systems, Rolls-Royce and QinetiQ, among others, telling assorted media that the defence industry needs more investment (not less) even during a recession.
The following is a guest contribution. Reuters is not responsible for the content and the views expressed are the author’s alone. Sughra Ahmed is a Research Fellow at the Policy Research Centre, which is based at the Islamic Foundation in Leicestershire and specialises in research, policy advice and training on issues related to British Muslims.
By Sughra Ahmed
It may seem well and good to think children should be seen and not heard - there's nothing wrong with a touch of Victorian, especially true during a good movie! But what if the censored are not young children at all? What if they are flashpoints in our conversations on not so trivial subjects, you know, things like national security, integration and democracy. And what if, instead of listening, we systematically speak on their behalf, saying what they are thinking and how they fit into the whole social and political spectrum.
- Terry Charman is Senior Historian at the Imperial War Museum in London. He studied Modern History and Politics at the University of Reading and while there interviewed Adolf Hitler’s architect Albert Speer. He specializes in the political, diplomatic, social and cultural aspects of the World Wars, and wrote “The German Home Front 1939-1945″ and “Outbreak 1939: The World Goes To War“. He is curator of the exhibition Outbreak 1939 at the museum. The opinions expressed are his own. -
In September 1939, in marked contrast to August 1914, Britain went to war in a sombre mood of resigned acceptance of the inevitable. There was no Union Jack waving “hurrah” patriotism as there had been twenty-five years before. After Adolf Hitler had torn up the Munich Agreement in March 1939 and invaded the Czech lands, the British people recognized that appeasement had failed and that the German leader’s aggressive plans would have to be stopped, and if necessary by force of arms.
from UK News:
- Sumeet Desai, Reuters senior UK economics correspondent. -
Inflation unexpectedly held steady in July, official data showed Tuesday, but economists still expect big falls in the annual rate this year and monetary policy to stay loose for some time to come.
Is a 1.8 percent inflation rate good or bad news?
from The Great Debate:
The explosion in company pension fund shortfalls in Britain nicely illustrates issues which will dominate economics and investment in coming years: the re-pricing of risk, a disillusionment with equity markets, and the boom in savings these shortfalls will help to drive.
Under current accounting rules, the pension funds of companies in Britain's FTSE 100 index are together 96 billion pounds ($170 billion) underfunded, more than double the deficit of a year ago and an all-time record, according to a report from pension fund consultants Lane, Clark & Peacock.
Britain's asset protection scheme, invented to protect the banking system, is morphing into a bureaucratic monster. It's time to kill it off. Though state support is still needed, there are simpler ways for the government to prop up its ailing lenders.
More than seven months after it was conceived, and five months after Royal Bank of Scotland and Lloyds Banking Group signed up to use it, details of the APS have still not been agreed. The sheer task of sifting through 585 billion pounds worth of loans to be insured by the government means any final agreement is months away.