Guy's Feed
Oct 8, 2012

Osborne to slash welfare after next election

BIRMINGHAM, England (Reuters) – Britain’s Conservative-led government will trim an extra 10 billion pounds ($16 billion) a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister said on Monday.

The 2015 election is likely to be decided on the health of the economy, how fast the deficit should be tackled and what areas of spending and taxation each party would focus on to balance Britain’s stretched public finances.

Oct 8, 2012

UK’s Conservatives say to slash welfare after next election

BIRMINGHAM, England, Oct 8 (Reuters) – Britain’s
Conservative-led government will trim an extra 10 billion pounds
($16.2 billion) a year from its welfare budget and cut across
the board in the next phase of austerity if re-elected, its
finance minister will say on Monday.

The 2015 election is likely to be decided on the health of
the economy, how fast the deficit should be tackled and what
areas of spending and taxation each party would focus on to
balance Britain’s bloated public finances.

Oct 7, 2012

UK’s Conservatives say to slash welfare in next austerity phase

BIRMINGHAM, England, Oct 8 (Reuters) – Britain’s
Conservative-led government would cut an extra 10 billion pounds
a year from its welfare budget and slash spending across the
board in the next phase of austerity if re-elected, finance
minister George Osborne will say on Monday.

The 2015 election is likely to be decided on the health of
the economy, how fast the deficit should be tackled and what
areas of spending and taxation each party would focus on to
balance Britain’s bloated public finances.

Oct 7, 2012

Cameron warns Britons to expect more budget cuts

BIRMINGHAM, England (Reuters) – Britain will have to keep cutting public spending to reduce the budget deficit, Prime Minister David Cameron said on Sunday, underlining the government’s tough task of pulling the country out of recession while winning back waning public support.

Cameron cited the euro zone crisis in explaining the problems facing the British economy, comments which are likely to please the influential eurosceptic wing of his Conservatives as they gather for the party’s annual conference.

Oct 7, 2012

British PM Cameron warns: brace for more budget cuts

BIRMINGHAM, England, Oct 7 (Reuters) – Britain will have to
keep cutting public spending to reduce the budget deficit, Prime
Minister David Cameron said on Sunday, underlining the
government’s tough task of trying to shunt the economy out of
recession and winning back waning public support.

An aide said the government was paving the way for the next
phase of austerity rather than signalling bigger than planned
cuts, but investors say longer or deeper cuts look likely after
a return to recession cast doubt over Britain’s deficit targets.

Oct 7, 2012

Cameron warns of more UK budget cuts as support wanes

BIRMINGHAM, England (Reuters) – Britain must find more spending cuts to reduce the budget deficit up to the next election and beyond, Prime Minister David Cameron said on Sunday, underlining the government’s tough task of fixing the economy and winning back waning public support.

Cameron also said he would use Britain’s veto to scupper European Union budget talks if necessary, appealing to the powerful euroskeptic wing of his Conservatives, who are trailing the opposition Labour Party in opinion polls.

Oct 3, 2012

Labour leader Miliband plays the class card

MANCHESTER (Reuters) – Labour leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.

Hoping voters will punish the coalition government for a recession and hand Labour power in an election in 2015, Miliband is grappling with polls which show he is far less popular than his own party and is seen as a worse leader than Cameron.

Oct 2, 2012

Britain’s Labor leader Miliband plays the class card

MANCHESTER, England (Reuters) – Britain’s opposition leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.

Hoping voters will punish the coalition government for a recession and hand Labor power in an election in 2015, Miliband is grappling with polls which show he is far less popular than his own party and is seen as a worse leader than Cameron.

Oct 2, 2012

British opposition pitches class at “posh boy” PM

MANCHESTER, England (Reuters) – British opposition leader Ed Miliband will cast himself as a humble man of the people on Tuesday in a bid to underscore Prime Minister David Cameron’s image as a privileged ‘posh boy’ whose government is out of touch with voters.

Miliband, who is betting voters will punish the coalition government for the recession and hand Labour power in the 2015 election, is grappling with polls which show he is less popular than his own party or seen as a worse leader than Cameron.

Oct 1, 2012

UK’s Labour tells government: spend 4G money for growth

MANCHESTER, England, Oct 1 (Reuters) – Britain’s opposition
Labour Party told the government to build its way out of
recession by using $6.5 billion from the sale of 4G mobile phone
licences to pay for new homes, but said there would be no
spending spree if it won the 2015 election.

Ed Balls, Labour’s finance minister-in-waiting, says Prime
Minister David Cameron’s coalition government has stalled the
$2.5 trillion economy by cutting too far too soon in an attempt
to reduce a record budget deficit rather than driving demand.