UK Politics and Economics Correspondent
Matt's Feed
Mar 13, 2012

Britain mulls issuing perpetual government bonds-sources

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.

Mar 13, 2012

Obama and Cameron to focus on global security

LONDON (Reuters) – United States President Barack Obama and British Prime Minister David Cameron will step up their support for Syrian opposition groups this week and seek to map out the next phase for military operations in Afghanistan.

Cameron will fly to Washington on Tuesday eager to dispel concerns in Britain that its treasured “special relationship” with the United States has dimmed in recent years as Obama pivots U.S. foreign policy towards Asia.

Mar 7, 2012

UK says RBS to remain at arm’s length from government

LONDON, March 7 (Reuters) – Britain’s Royal Bank of
Scotland will continue as a major commercial player in
the UK banking sector without government interference, Prime
Minister David Cameron’s spokesman said on Wednesday.

The British government owns 82 percent of RBS after rescuing
it from collapse during the 2008 financial crisis and ministers
are under pressure to lean on the bank to boost lending as well
as at least break even on the bailout, although there are doubts
over whether that is possible.

Feb 29, 2012

Government protests at Argentine trade boycott call

LONDON (Reuters) – Britain summoned Argentina’s top diplomat on Wednesday to explain a minister’s proposed boycott of British goods and a decision to stop two cruise ships docking in the country, as tensions rise over the disputed Falkland Islands.

“Given our concerns over the recent incidents with the cruise ships in Ushuaia, and now these latest reports, we summoned the Argentine charge this afternoon for an explanation,” a Foreign Office spokeswoman said.

Feb 29, 2012

Labour leads as Cameron loses boost from EU veto

LONDON (Reuters) – Conservative Prime Minister David Cameron has failed to hold on to a boost in popularity which followed his decision to opt out of a new European economic pact late last year, according to the latest Reuters/Ipsos MORI Political Monitor.

February’s poll of voting intentions, published on Wednesday, puts the Labour opposition in front on 41 percent, with the Conservatives on 35 percent and the Liberal Democrats on 12 percent.

Feb 23, 2012

UK’s Cameron pleads for end to business bashing

LONDON, Feb 23 (Reuters) – British Prime Minister
David Cameron will leap to the defence of big business on
Thursday in the government’s latest attempt to calm a public and
political backlash against bankers and highly-paid executives at
large companies.

The Conservative-led coalition government has played its own
part in so-called banker bashing, not least in putting pressure
on banks to cut bonus pay and by stripping former Royal Bank of
Scotland boss Fred Goodwin of his knighthood as punishment for
his role in the bank’s decline during the credit crunch.

Feb 16, 2012

Cameron urges Scots to stay in UK by offering more powers

EDINBURGH (Reuters) – British Prime Minister David Cameron delivered an impassioned plea to the Scots on Thursday in defence of the United Kingdom, enticing Scotland to reject independence with an offer to devolve more power to Edinburgh.

Scotland’s nationalist government, which already controls some spending from its own parliament in Edinburgh, wants to hold a referendum in late 2014 on full independence that could spell an end to a 300-year-old union with England.

Feb 16, 2012

Cameron defends UK before talks on Scottish vote

EDINBURGH, Feb 16 (Reuters) – British Prime Minister
David Cameron delivered an impassioned plea to the Scots on
Thursday in defence of the United Kingdom, enticing Scotland to
reject independence with an offer to devolve more power to
Edinburgh.

Scotland’s nationalist regional government, which already
controls some areas of spending, wants to hold a referendum in
late 2014 on full independence that could spell an end to a
300-year-old union with England.

Feb 14, 2012

Britain’s top rating may yet survive

LONDON, Feb 14 (Reuters) – Britain’s top-notch credit
rating may survive the threat of a downgrade because economists
still believe in London’s resolve to erase a huge budget deficit
and the central bank’s ability to print money.

Rating agency Moody’s imposed a negative outlook on
Britain’s triple-A rating late on Monday — the first such
warning on London’s debt since the eurozone crisis — saying the
country’s finances were too weak to cope with another big shock.

Feb 14, 2012

UK’s top rating looks set to survive despite downgrade threat

LONDON (Reuters) – Britain’s top-notch credit rating is expected to survive the threat of a downgrade because of the government’s resolve to erase a huge budget deficit and the central bank’s ability to print money.

Together these are seen keeping the country credible with investors even though it faces large risks to growth.

    • 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."
    • More from Matt

    • Follow Matt