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Feb 27, 2015

UK government pledges more powers for Wales as devolution debate rumbles on

LONDON (Reuters) – Britain set out plans on Friday to give Wales greater powers, including to issue bonds and control fracking licences, in a further step to dismantle its centralised system of government.

With just over two months until a national election, the issue of devolution to the United Kingdom’s constituent parts has risen to the fore after a last-ditch promise to hand more powers to Scotland helped swing a close referendum in September.

Feb 27, 2015

Ahead of election, Labour pledges university tuition fee cut

LONDON (Reuters) – Britain’s opposition Labour party on Friday promised to cut university tuition fees by a third as it sought to woo voters ahead of a close-fought election in just over two months time.

British university bosses had warned Labour against reducing fees, which have almost tripled to 9,000 pounds a year under the Conservative-led coalition government, saying it would open up a 10 billion pound funding gap.

Feb 27, 2015

Further cuts to UK’s foreign affairs budget could be ‘disastrous’ – MPs

LONDON (Reuters) – Britain’s ability to project its global influence is threatened by spending cuts and further reductions to its foreign affairs budget could be “disastrous”, a committee of MPs said in a report published on Friday.

Reducing Britain’s budget deficit has been the Conservative-led government’s key economic objective since it came to power in 2010 and both it and the opposition Labour party have said there will be more spending cuts whoever wins a May 7 election.

Feb 27, 2015

Further cuts to UK’s foreign affairs budget could be ‘disastrous’: lawmakers

LONDON (Reuters) – Britain’s ability to project its global influence is threatened by spending cuts and further reductions to its foreign affairs budget could be “disastrous”, a committee of lawmakers said in a report published on Friday.

Reducing Britain’s budget deficit has been the Conservative-led government’s key economic objective since it came to power in 2010 and both it and the opposition Labour party have said there will be more spending cuts whoever wins a May 7 election.

Feb 26, 2015

Immigration to Britain rises in pre-election blow to PM Cameron

LONDON, Feb 26 (Reuters) – British Prime Minister David
Cameron’s Conservatives suffered a setback on Thursday, less
than three months before a national election, after data showed
they had missed their pledge to cut net annual migration to the
tens of thousands by a huge margin.

Instead, official data showed a net 298,000 people moved to
Britain in the year to September 2014, an increase of more than
40 percent on the previous 12 months and higher than when the
Conservative-led coalition government took power in 2010.

Feb 23, 2015

Top British lawmakers deny wrongdoing over “cash for access” report

LONDON (Reuters) – Two former British foreign ministers have been filmed offering their services to a fictitious Chinese company in return for thousands of pounds, reigniting a damaging 2010 “cash for access” row just months before an election.

Malcolm Rifkind, a senior member of Prime Minister David Cameron’s Conservatives who heads a committee scrutinising security policy, and Jack Straw, Labour’s foreign minister when Britain went to war in Iraq, both denied any wrongdoing.

Feb 23, 2015

Cameron’s glitzy ties to rich donors hurt him before UK election

LONDON, Feb 23 (Reuters) – Shoe shopping with the interior
minister, tea with the Mayor of London, and a run with the
education minister. All this and more was sold to the highest
bidder by Prime Minister David Cameron’s Conservative Party at a
glitzy fundraiser this month.

Faced with a close national election on May 7, Cameron’s
party is replenishing its coffers, and the auction — for
wealthy backers at an upscale London hotel — was a showy
display of how it woos donors.

Feb 13, 2015

UK’s Labour says would extend bank bonus clawback to 10 years

LONDON, Feb 13 (Reuters) – Britain’s opposition Labour party
said on Friday it would extend to at least 10 years the length
of time over which miscreant bankers face having their bonuses
clawed back, if it wins a national election in May.

As part of a regulatory clamp-down on wrongdoing in the
financial sector, the Bank of England last year announced
bankers could have their bonuses clawed back for up to seven
years from the date they were fully paid out.

Feb 11, 2015

Arming Ukraine could lead to escalation of Russian support – think-tank

LONDON (Reuters) – A decision by the West to provide arms to Ukraine could prompt a rapid escalation of Russian support for separatists battling government forces in the east of the country, a global security think-tank said on Wednesday.

The International Institute for Strategic Studies (IISS) also said the kind of hybrid warfare it said Russia was conducting in Ukraine represented a “grave threat” to NATO as the military alliance is ill-prepared to deal with it.

Feb 10, 2015

Ahead of election, UK’s Cameron calls on businesses to boost worker pay

LONDON (Reuters) – Businesses must respond to Britain’s strong economic growth and low inflation by boosting pay, Prime Minister David Cameron will say on Tuesday, seeking to address his election opponents’ argument that many are yet to feel the benefit of recovery.

With less than three months until what is set to be a closely fought vote, Cameron’s Conservatives have put the economy at the centre of their campaign to remain in government, hoping to capitalise on strong economic competence ratings.

    • About Kylie

      "Kylie MacLellan covers equity capital markets for Europe, Middle East and Africa, with a particular focus on initial public offerings. She previously spent a year working in the UK politics and general news team, specialising in industrial relations and other employment related issues such as welfare."
      Joined Reuters:
      2008
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