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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.

Aug 29, 2013

Ghosts of Iraq war force Britain to delay immediate Syria strike

LONDON (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.

Aug 16, 2013

Analysis – Economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – Prime Minister David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, MPs in his Conservative party warned him that failure to lead Britain out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 16, 2013

Analysis: In Britain, economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – British Prime Minister David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, lawmakers in his ruling Conservative party warned him that failure to lead Britain out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 16, 2013

Economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, lawmakers in his ruling Conservative party warned him that failure to lead the country out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 16, 2013

In Britain, economic recovery increases PM Cameron’s political capital

LONDON (Reuters) – British Prime Minister David Cameron may be close to pulling off one of the most significant feats of his premiership: delivering a solid economic recovery ahead of a 2015 election.

Two consecutive quarters of growth have shifted the sands of British politics: six months ago, lawmakers in his ruling Conservative party warned him that failure to lead Britain out of stagnation could cost him, and them, the election. Those fearful voices have fallen silent.

Aug 8, 2013

Central bank chief Carney struggles to demistify recovery for Britons

LONDON (Reuters) – If Mark Carney planned his first media outing as ‘superstar’ chief of the Bank of England to reassure the British public of the bank’s efforts to juice up Britain’s weak recovery, he could be back at the drawing board this evening.

In a steely performance, the former Goldman Sachs banker struggled to demystify for the press the intricacies of “forward guidance” – advance notice that he’s not going to tighten monetary conditions too fast or too soon.

Aug 8, 2013

Superstar BoE chief Carney befuddles recovery Britain

LONDON (Reuters) – If Mark Carney planned his first media outing as ‘superstar’ chief of the Bank of England to reassure the British public of the bank’s efforts to juice up Britain’s weak recovery, he could be back at the drawing board this evening.

In a steely performance, the former Goldman Sachs banker struggled to demystify for the press the intricacies of “forward guidance” – advance notice that he’s not going to tighten monetary conditions too fast or too soon.