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Mar 19, 2012

Cameron says could privatise some UK roads

LONDON, March 19 (Reuters) – Britain’s cash-strapped
government could lease chunks of its road network to the private
sector as Prime Minister David Cameron seeks to improve the
country’s infrastructure to stop it falling further behind its
competitors.

The move to seek help from sovereign wealth funds and
private investors came after news Cameron had only managed to
secure two billion pounds from pension funds for new projects by
2013 – far short of a 20 billion pound target.

Mar 19, 2012

Osborne says budget to help poorer families

LONDON (Reuters) – Chancellor George Osborne said he would use his 2012 budget to help those at the bottom of the earnings ladder, hinting he could go further in lifting more people out of paying income tax.

Osborne also said on Sunday the euro zone crisis and high oil prices posed a threat to the global economy.

Mar 18, 2012

Budget to help poorer families – Osborne

LONDON (Reuters) – Chancellor George Osborne said he would use his 2012 budget to help those at the bottom of the earnings ladder, hinting he could go further in lifting more people out of paying income tax.

Osborne also said on Sunday the euro zone crisis and high oil prices posed a threat to the global economy.

Mar 16, 2012

Government to consider tax relief for TV drama makers

NEW YORK (Reuters) – The UK government could soon extend tax relief for films to some television dramas to discourage producers from filming overseas, a Treasury source said on Friday.

The government will launch a consultation in next week’s budget to examine the benefits of a 20-25 percent cut in corporation tax for the makers of shows which appeal to export markets such as period drama “Downton Abbey”.

Mar 16, 2012

Britain to consider tax relief for TV drama makers

NEW YORK (Reuters) – Britain could soon extend tax relief for films to some television dramas to discourage producers from filming overseas, a finance ministry source said on Friday.

The government will launch a consultation in next week’s budget to examine the benefits of a 20-25 percent cut in corporation tax for the makers of shows which appeal to export markets such as period drama “Downton Abbey”.

Mar 16, 2012

UK to consider tax relief for TV drama makers

NEW YORK, March 16 (Reuters) – Britain could soon
extend tax relief for films to some television dramas to
discourage producers from filming overseas, a finance ministry
source said on Friday.

The government will launch a consultation in next week’s
budget to examine the benefits of a 20-25 percent cut in
corporation tax for the makers of shows which appeal to export
markets such as period drama “Downton Abbey”.

Mar 15, 2012

Obama, Cameron put up show of unity on world crises

WASHINGTON (Reuters) – President Barack Obama and British Prime Minister David Cameron presented a unified front on Wednesday, seeking to ratchet up pressure on Iran and Syria and stay the course in Afghanistan even as they papered over differences on economic strategies.

Amid the pomp and ceremony of a state visit, Obama and Cameron called each other by their first names and stressed solidarity in the face of global security challenges that have tested the much-vaunted alliance between their two countries.

Mar 15, 2012

Obama, UK’s Cameron discussed tapping oil reserves-sources

WASHINGTON (Reuters) – President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices.

Obama raised the issue during a broad bilateral meeting at the White House, according to a UK official with knowledge of the discussion.

Mar 15, 2012

Exclusive: Obama, Cameron discussed tapping oil reserves: sources

WASHINGTON (Reuters) – President Barack Obama and British Prime Minister David Cameron discussed the possibility of releasing emergency oil reserves during a meeting on Wednesday, two sources familiar with the talks said, the first sign that Obama is starting to test global support for an effort to knock back near-record fuel prices. Obama raised the issue during a broad bilateral meeting at the White House, according to a UK official with knowledge of the discussion.

Asked about the talks, a senior Obama administration official said: “No agreement was reached. We will continue to work together to address energy security and oil price issues.” While U.S. officials have said for weeks that they will consider all possible measures – including a release from the U.S. Strategic Petroleum Reserve (SPR) – to prevent prices from derailing a nascent economic recovery, Wednesday’s meeting was the clearest indication that diplomatic talks were moving ahead. Discussions could last as long as several months before any decision is made, one of the sources said.

Mar 14, 2012

Government mulls issuing perpetual gilts

WASHINGTON (Reuters) – Britain could start selling 100-year and perpetual bonds, Treasury sources said on Tuesday, as ministers seek to lock in current low market interest rates to reduce the future costs of servicing the government’s debt burden.

The Debt Management Office will launch a consultation alongside next week’s budget to gauge the appetite for super-long bonds of 100 years up to gilts that never come to maturity, after initial discussions with investors proved positive.

    • About Matt

      "I cover all aspects of government policy from the British parliament, but concentrate on Number 10, fiscal policy at the Treasury, and monetary policy at the Bank of England. I am based in our parliament office in Westminster and in our UK bureau in East London."
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