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Jan 19, 2012

Cash bonuses to be capped at state-backed banks

LONDON (Reuters) – Bonuses in the financial services sector have “got out of control” in recent years, Prime Minister David Cameron said on Thursday, adding cash payments at state-backed banks would again be limited to 2,000 pounds.

Cameron also confirmed the government would next week set out detailed proposals on curbing executive pay, a sensitive issue in Britain where unemployment is rising and pay rises for most are lagging inflation.

Jan 19, 2012

UK to curb cash bonuses at state-backed banks

LONDON, Jan 19 (Reuters) – Bonuses in Britain’s
financial services sector have “got out of control” in recent
years, Prime Minister David Cameron said on Thursday, adding
cash payments at state-backed banks would again be limited to
2,000 pounds ($3,100).

Cameron also confirmed the coalition government would next
week set out detailed proposals on curbing executive pay, a
sensitive issue in Britain where unemployment is rising and pay
rises for most are lagging inflation.

Jan 12, 2012

Analysis: Is a breakaway Scotland brave or foolhardy?

LONDON (Reuters) – An independent Scotland, the dream of generations of nationalists, would boast a cash-rich economy buoyed by North Sea oil and Edinburgh finance, but would create another small state on the edge of Europe vulnerable to global shocks.

Nationalists argue that Scotland, an independent kingdom until 1707, is Europe’s next energy-rich Norway. Skeptics see another bailout candidate, an Ireland-in-waiting.

Dec 26, 2011

With husband in hospital, UK Queen praises family

LONDON (Reuters) – Queen Elizabeth lauded the importance of a strong family at times of crisis, in a poignant Christmas message broadcast on Sunday as her 90-year-old husband recovered in hospital from heart surgery.

Elizabeth, who recorded the annual address before Prince Philip was taken ill on Friday, will mark 60 years on the throne in 2012 with a full tour of Britain, although Philip’s condition may mean scaling back his share of the duties.

Dec 25, 2011

Queen praises family ties

LONDON (Reuters) – Queen Elizabeth lauded the importance of a strong family at times of crisis, in a poignant Christmas message broadcast on Sunday as her 90-year-old husband recovered in hospital from heart surgery.

Elizabeth, who recorded the annual address before Prince Philip was taken ill on Friday, will mark 60 years on the throne in 2012 with a full tour of Britain, although Philip’s condition may mean scaling back his share of the duties.

Dec 25, 2011

UK’s ailing Prince Philip misses royal Christmas

LONDON (Reuters) – Queen Elizabeth’s 90-year-old husband spent Christmas Day in a hospital bed after successful surgery to clear a blocked heart artery, missing the royal family’s celebrations at its rural Sandringham estate in eastern England.

Buckingham Palace said Prince Philip, Britain’s longest serving consort, was in “good spirits” when the Queen and other royals visited him on Saturday, but he was also said to be eager to leave.

Dec 25, 2011

Prince Philip misses royal Christmas

LONDON (Reuters) – Queen Elizabeth’s 90-year-old husband spent Christmas Day in a hospital bed after successful surgery to clear a blocked heart artery, missing the royal family’s celebrations at its rural Sandringham estate in eastern England.

Buckingham Palace said Prince Philip, Britain’s longest serving consort, was in “good spirits” when the Queen and other royals visited him on Saturday, but he was also said to be eager to leave.

Dec 25, 2011

Britain risks tearing itself apart – Archbishop of Canterbury

LONDON (Reuters) – Riots and bankers’ greed have sent Britain’s communities “spinning apart in the dark” this year, the head of the Church of England will say in his Christmas Day sermon, warning against building a society on foundations of selfishness and fear.

Rioting and looting erupted across England this summer, leaving some towns ransacked and divided, while public anger against irresponsible behaviour and big bonuses in the banking sector has remained strong throughout the financial crisis.

Dec 25, 2011

Anglican leader: Britain risks tearing itself apart

LONDON, Dec 25 (Reuters) – Riots and bankers’ greed
have sent Britain’s communities “spinning apart in the dark”
this year, the head of the Church of England will say in his
Christmas Day sermon, warning against building a society on
foundations of selfishness and fear.

Rioting and looting erupted across England this summer,
leaving some towns ransacked and divided, while public anger
against irresponsible behaviour and big bonuses in the banking
sector has remained strong throughout the financial crisis.

Dec 24, 2011

UK’s Queen visits Prince Philip after health scare

LONDON (Reuters) – Queen Elizabeth visited her 90-year-old husband Prince Philip in hospital on Saturday as Britain’s longest-serving royal consort recovered from minor heart surgery to ease chest pains he had suffered in the days before Christmas.

Buckingham Palace said the Philip had a “good night” after an operation to ease a blocked artery, but it appeared likely he would miss the royal family’s traditional exchange of Christmas gifts on Saturday evening at the Sandringham royal estate.

    • 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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