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Jun 1, 2012

Europe should ditch the euro, says minister who kept UK out

LONDON (Reuters) – European leaders must throw off the burden of the euro if they want their economies to thrive, said the former finance minister who was forced to take Britain out of the European currency system that proceeded the single currency.

Norman Lamont, Britain’s chancellor of the exchequer from 1990 to 1993, said Greece was likely to crash out – or be pushed out – of the world’s second-largest reserve currency, while Spain and Italy should jump too if they wanted growth to revive.

May 31, 2012

PM’s former aide Coulson charged with perjury

LONDON (Reuters) – Prime Minister David Cameron’s former spokesman was charged with perjury on Wednesday, after denying in court any knowledge of widespread phone hacking by reporters at Rupert Murdoch’s News of the World.

The charges against Andy Coulson, a former editor of the tabloid weekly, damages Cameron because it calls into question his judgment in employing a man so closely linked to the paper which was under suspicion of obtaining stories by illegal means.

May 31, 2012

British PM’s former aide Caulson charged with perjury

LONDON (Reuters) – British Prime Minister David Cameron’s former spokesman was charged with perjury on Wednesday, after denying in court any knowledge of widespread phone hacking by reporters at Rupert Murdoch’s News of the World.

The charges against Andy Coulson, a former editor of the tabloid weekly, damages Cameron because it calls into question his judgment in employing a man so closely linked to the paper which was under suspicion of obtaining stories by illegal means.

May 30, 2012

PM’s former aide charged with perjury

LONDON (Reuters) – Prime Minister David Cameron’s former spokesman was charged with perjury on Wednesday, after denying in court any knowledge of widespread phone hacking by reporters at Rupert Murdoch’s News of the World.

The charges against Andy Coulson, a former editor of the tabloid weekly, damages Cameron because it calls into question his judgment in employing a man so closely linked to the paper which was under suspicion of obtaining stories by illegal means.

May 30, 2012

British PM’s former aide charged with perjury

LONDON, May 30 (Reuters) – British Prime Minister David
Cameron’s former spokesman was charged with perjury on
Wednesday, after denying in court any knowledge of widespread
phone hacking by reporters at Rupert Murdoch’s News of the
World.

The charges against Andy Coulson, a former editor of the
tabloid weekly, damages Cameron because it calls into question
his judgment in employing a man so closely linked to the paper
which was under suspicion of obtaining stories by illegal means.

May 28, 2012

Blair says feared provoking British media wrath

LONDON, May 28 (Reuters) – Tony Blair said on Monday he
decided to court the media in Britain rather than risk the wrath
of powerful media tycoons during his decade as prime minister.

Blair, the most powerful British prime minister since
Margaret Thatcher in the 1980s, said that even he was not
willing to risk offending the major media groups.

May 18, 2012

Former editor says Murdoch sowed seeds of hacking scandal

LONDON, May 18 (Reuters) – Rupert Murdoch sowed the seeds of
the phone hacking scandal that has tarnished his reputation by
forcing Britain’s most respected newspapers into “a Faustian
bargain” with the powerful, a former editor of the UK’s Times
newspaper said on Thursday.

Harry Evans told a British media inquiry how as editor of
the Times he battled attempts by Murdoch to compel him to
support British Prime Minister Margaret Thatcher.

May 16, 2012

Euro crisis leaves door ajar for more BoE easing

LONDON, May 16 (Reuters) – Bank of England Governor Mervyn
King left the door open for more support for Britain’s
struggling economy on Wednesday despite higher inflation in the
near term as the escalating dangers from the euro zone debt
crisis pose risks to a gradual recovery.

The central bank took a gloomier view of growth ahead,
though it surprised observes by lowering its medium-term
inflation prediction – a sign that while more stimulus is not
immediately on the cards it could come if conditions worsen.

May 7, 2012

Conservative MP says Cameron should go

LONDON (Reuters) – Prime Minister David Cameron could be removed as leader of the Conservatives to prevent the party losing power in the next national election, an MP from his party’s right wing warned on Sunday after a heavy defeat in local elections.

MP Nadine Dorries made her public demand for a leadership contest in a newspaper article published on Sunday, as Cameron struggles to keep his coalition government together after the worst month of his two-year premiership.

May 6, 2012

Conservative lawmaker says UK PM Cameron should go

LONDON (Reuters) – British Prime Minister David Cameron could be removed as leader of the Conservatives to prevent the party losing power in the next national election, a maverick lawmaker from his party warned on Sunday after a humiliating defeat in local elections.

The bluntest public demand to date by a lawmaker of his own party for a leadership challenge escalates the strife for Cameron as he grapples with keeping his coalition government together after the worst month of his two-year premiership.