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Jun 12, 2015

‘Brexit’ threatens London but don’t expect a stampede: City boss

LONDON (Reuters) – A British exit from the European Union would gradually sap the world’s financial capital of wealth and power but there would be no stampede of bankers and traders to rival centers, the City of London’s policy chief told Reuters.

Prime Minister David Cameron, who won an unexpectedly decisive victory in a general election last month, has promised to renegotiate Britain’s relationship with the 28-member EU and hold a referendum on membership by the end of 2017.

Jun 10, 2015

JPMorgan warns Brexit could trigger Scottish independence vote

LONDON (Reuters) – If Britain votes to leave the European Union in a referendum, Scottish nationalists would push for another independence vote as the world’s fifth-largest economy grappled with exiting the EU, JPMorgan said in a research note.

Cameron, whose Conservative party won a surprise majority in a general election last month, has promised to renegotiate Britain’s EU relationship and hold a referendum on membership by the end of 2017.

Jun 1, 2015

Ally of Germany’s Merkel: Britain’s EU treaty change plan is unrealistic

LONDON (Reuters) – An ally of German Chancellor Angela Merkel said on Monday it would be unrealistic for British Prime Minister David Cameron to expect to achieve changes to European Union treaties before the country holds a referendum on its membership of the bloc.

The comments come days after Cameron, who has said treaty change is needed to reform Britain’s EU ties ahead of a vote by the end of 2017, embarked on a tour of European capitals to discuss his plans with key EU leaders.

May 28, 2015

Britain’s pro-Europeans prepare ‘Yes’ campaign group: sources

LONDON (Reuters) – Supporters of Britain’s membership of the European Union will create a new group shortly to run the “Yes” campaign for a referendum Prime Minister David Cameron has promised by the end of 2017, four sources familiar with the plan told Reuters.

The new group aims to focus the efforts of disparate pro-Europeans who fear a British exit from the 28-nation bloc it joined in 1973 would diminish London’s clout, hammer the world’s fifth largest economy and trigger a new crisis in the EU.

May 9, 2015

Cameron savors shock triumph in British election

LONDON (Reuters) – British Prime Minister David Cameron swept to a stunning election victory on Friday, confounding forecasts that the vote would be the closest in decades and winning a clear majority that left his Labour opponents in tatters.

The sterling currency, bonds and shares surged on a result that reversed near-universal expectations of an inconclusive “hung parliament”, in which Cameron would have had to jockey for power with Labour rival Ed Miliband.

May 8, 2015

Cameron sweeps to unexpected triumph in British election

LONDON (Reuters) – Prime Minister David Cameron won a stunning election victory in Britain, confounding poll predictions that the vote would be the closest in decades to sweep into office for another five years with a clear majority and his Labour opponents in tatters.

The sterling currency, bonds and shares surged on a result that reversed near-universal expectations of an inconclusive “hung parliament”, in which Cameron would have had to jockey for power with Labour rival Ed Miliband.

May 6, 2015

United Kingdom votes in most unpredictable election in decades

LONDON (Reuters) – British voters get to decide on Thursday who they want to rule the world’s fifth-largest economy in a tight election that could yield weak government, propel the United Kingdom towards a vote on EU membership and stoke Scottish desire for secession.

Prime Minister David Cameron’s Conservatives and Ed Miliband’s opposition Labour Party have been neck and neck in opinion polls for months, indicating neither will win enough seats for an outright majority in the 650-seat parliament.

May 3, 2015

In battle for Britain’s top job, Labour’s ‘Red Ed’ sharpens his image

LONDON, May 3 (Reuters) – If Ed Miliband is to win power, he
must pull off one of the most striking metamorphoses of recent
British elections: convince millions of voters that “Red Ed”, a
self-confessed socialist geek, can be trusted to lead the
world’s fifth largest economy.

In a change that has confounded Prime Minister David
Cameron’s Conservatives, Miliband has already shed some of his
social awkwardness and pitched a resilient, more human face,
even laughing at some of his own imperfections.

Apr 26, 2015

Rupert Murdoch says Scottish self rule inevitable ‘in next few years’

LONDON, April 26 (Reuters) – Scotland is likely to win self
rule in the next few years while the economic divide between the
international powerhouse of London and the rest of the United
Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday.

Murdoch, whose global media interests stretch from movies to
newspapers that claim to turn elections, visited Scotland on the
eve of the Sept. 18 independence referendum last year and
praised the country of 5 million people for its lively debate.

Apr 7, 2015

Scottish nationalists raise prospect of another independence vote after 2016

LONDON (Reuters) – Just a month before the most unpredictable British election in a generation, Scottish nationalist leader Nicola Sturgeon raised the prospect of another independence referendum after 2016 that could break apart the United Kingdom.

Though Scots voted to stay part of the United Kingdom in a Sept. 18 referendum, support for the Scottish National Party (SNP) has surged before a UK-wide general election on May 7.