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Sep 30, 2013

UK Cameron’s party pledges budget surplus if it wins election

MANCHESTER, England (Reuters) – Finance minister George Osborne promised he would continue to cut spending to wipe out Britain’s budget deficit if the Conservatives won the 2015 election, but signaled there could be more money for infrastructure investment.

At an annual conference where the Conservatives are setting out policy ideas before the election, Osborne said he would return Britain to a budget surplus during the next parliament, as long as the country’s economy continued to mend.

Sep 30, 2013

Osborne to court voters with ‘tough love’ welfare rules

MANCHESTER (Reuters) – Chancellor George Osborne will propose tougher new welfare rules on Monday to try to win over working voters who are grappling with depleted spending power ahead of the 2015 election.

Speaking to Conservative Party activists at the penultimate conference before the election, Osborne will promise he can sustain a recovery of Britain’s economy, but caution there can be no complacency.

Sep 30, 2013

UK finance minister to court voters with ‘tough love’ welfare rules

MANCHESTER, England (Reuters) – British finance minister George Osborne will propose tougher new welfare rules on Monday to try to win over working voters who are grappling with depleted spending power ahead of the 2015 election.

Speaking to Conservative Party activists at the penultimate conference before the election, Osborne will promise he can sustain a recovery of Britain’s $2.5 trillion economy, but caution there can be no complacency.

Sep 29, 2013

Osbourne to court voters with tough welfare rules

MANCHESTER (Reuters) – Chancellor George Osborne will propose tougher new welfare rules and a reduction in taxes on Monday in a bid to win over voters grappling with declining spending power ahead of the 2015 election, while promising to sustain an economic recovery.

Speaking to Conservative Party activists at the penultimate conference before the election, Osborne will argue that though Britain’s $2.5 trillion (1.54 trillion pounds) economy is recovering and he is optimistic about the global economy there can be no complacency.

Sep 29, 2013

UK finance minister to court voters with tough welfare rules

MANCHESTER, England, Sept 30 (Reuters) – British finance
minister George Osborne will propose tougher new welfare rules
and a reduction in taxes on Monday in a bid to win over voters
grappling with declining spending power ahead of the 2015
election, while promising to sustain an economic recovery.

Speaking to Conservative Party activists at the penultimate
conference before the election, Osborne will argue that though
Britain’s $2.5 trillion economy is recovering and he is
optimistic about the global economy there can be no complacency.

Sep 29, 2013

UK’s Cameron touts housing plan and rights accord exit

MANCHESTER, England (Reuters) – British Prime Minister David Cameron began setting out his stall for the 2015 election on Sunday by talking up a contested plan to boost home ownership and suggesting Britain may ditch Europe’s main human rights treaty, an object of hatred for Euroskeptics.

Seeking to reverse days of gloomy opinion polls before the start of his ruling Conservative party’s annual conference, Cameron said his decision to bring forward the government’s new 12-billion-pound mortgage guarantee scheme would be a shot in the arm for would-be home owners.

Sep 3, 2013

City of London: UK exit from EU would risk bank exodus

LONDON (Reuters) – A British exit from the European Union could prompt an exodus of leading foreign banks and undermine London’s dominance of the foreign exchange markets, the head of the City of London financial district said in an interview on Tuesday.

Prime Minister David Cameron has promised to renegotiate the terms of Britain’s EU membership and hold an “in-out” referendum if re-elected in 2015, prompting fears that the world’s sixth largest economy could drop out of the club it joined in 1973.

Sep 3, 2013

UK exit from EU would risk bank exodus: City of London head

LONDON (Reuters) – A British exit from the European Union could prompt an exodus of leading foreign banks and undermine London’s dominance of the foreign exchange markets, the head of the City of London financial district said in an interview on Tuesday.

Prime Minister David Cameron has promised to renegotiate the terms of Britain’s EU membership and hold an “in-out” referendum if re-elected in 2015, prompting fears that the world’s sixth largest economy could drop out of the club it joined in 1973.

Aug 30, 2013

Iraq war ghosts end UK plans to take part in Syria action

LONDON (Reuters) – Prime Minister David Cameron’s plans for joining a potential military strike on Syria were thwarted on Thursday night after Britain’s parliament narrowly voted against a government motion to authorise such action in principle.

In a humiliating defeat for the British leader likely to damage Cameron’s hopes of being re-elected in 2015 and set back traditionally strong U.S.-UK relations, parliament defied Cameron by 285 to 272 votes.

Aug 29, 2013

Ghosts of Iraq war force Britain to delay Syria strike

LONDON, Aug 29 (Reuters) – Prime Minister David Cameron’s
plans for an imminent military strike on Syria were in disarray
on Thursday after a revolt by lawmakers warning him to heed the
“lessons of Iraq”.

After imploring the world not to stand idly by over Syria’s
suspected use of chemical weapons, Cameron was forced into an
awkward climbdown on Wednesday when the opposition Labour party
and lawmakers in his own party said they wanted more evidence
before voting for military action.