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Oct 10, 2012

British PM tells country more pain to come

BIRMINGHAM, England (Reuters) – British Prime Minister David Cameron warned voters to brace for “painful decisions” on the economy on Wednesday but offered little new to alter a grim growth outlook which has derailed his efforts to cut the budget deficit.

In a speech to his Conservative party conference, Cameron admitted it was taking longer than planned to fix Britain’s recession-hit economy and rein in public finances.

Oct 10, 2012

David Cameron tells country more pain to come

BIRMINGHAM, England (Reuters) – Prime Minister David Cameron warned voters to brace for “painful decisions” on the economy on Wednesday but offered little new to alter a grim growth outlook which has derailed his efforts to cut the budget deficit.

In a speech to his Conservative party conference, Cameron admitted it was taking longer than planned to fix Britain’s recession-hit economy and rein in public finances.

Oct 9, 2012

UK must cut debt or face obscurity: PM Cameron

BIRMINGHAM, England (Reuters) – Britain must cut its budget deficit and fix its economy or face long-term decline, Conservative Prime Minister David Cameron will say on Wednesday, seeking to convince voters that his austerity plan is the only way forward.

Cameron’s Conservatives, who lead a coalition government with the Liberal Democrats, lag a revived Labour opposition in opinion polls and face criticism for steering Britain back into recession and failing to hit their deficit reduction targets.

Oct 9, 2012

UK’s Cameron won’t ease austerity after IMF downgrade

BIRMINGHAM, England (Reuters) – British Prime Minister David Cameron said on Tuesday he would not soften his austerity program with a “Plan B” of slower spending cuts after the International Monetary Fund downgraded its growth forecasts for Britain.

The Conservative-led government, steadfast in its ambition to cut a record budget deficit but under pressure to fix a recession-hit economy, abandoned its original deficit reduction targets last year and could be forced to extend them again.

Oct 8, 2012

UK’s Osborne to slash welfare but quiet on growth

BIRMINGHAM, England (Reuters) – Britain’s Conservatives would slash government spending on welfare by 10 billion pounds ($16 billion) a year if re-elected, finance minister George Osborne said on Monday, though he offered few ideas on how to bring the economy out of recession.

The 2015 election is likely to be decided on the health of the economy, the pace of deficit reduction and the areas of spending and taxation on which each party would focus to balance stretched public finances.

Oct 8, 2012

Osborne to slash welfare after next election

BIRMINGHAM, England (Reuters) – Britain’s Conservative-led government will trim an extra 10 billion pounds ($16 billion) a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister said on Monday.

The 2015 election is likely to be decided on the health of the economy, how fast the deficit should be tackled and what areas of spending and taxation each party would focus on to balance Britain’s stretched public finances.

Oct 8, 2012

UK’s Conservatives say to slash welfare after next election

BIRMINGHAM, England, Oct 8 (Reuters) – Britain’s
Conservative-led government will trim an extra 10 billion pounds
($16.2 billion) a year from its welfare budget and cut across
the board in the next phase of austerity if re-elected, its
finance minister will say on Monday.

The 2015 election is likely to be decided on the health of
the economy, how fast the deficit should be tackled and what
areas of spending and taxation each party would focus on to
balance Britain’s bloated public finances.

Oct 7, 2012

UK’s Conservatives say to slash welfare in next austerity phase

BIRMINGHAM, England, Oct 8 (Reuters) – Britain’s
Conservative-led government would cut an extra 10 billion pounds
a year from its welfare budget and slash spending across the
board in the next phase of austerity if re-elected, finance
minister George Osborne will say on Monday.

The 2015 election is likely to be decided on the health of
the economy, how fast the deficit should be tackled and what
areas of spending and taxation each party would focus on to
balance Britain’s bloated public finances.

Oct 7, 2012

Cameron warns Britons to expect more budget cuts

BIRMINGHAM, England (Reuters) – Britain will have to keep cutting public spending to reduce the budget deficit, Prime Minister David Cameron said on Sunday, underlining the government’s tough task of pulling the country out of recession while winning back waning public support.

Cameron cited the euro zone crisis in explaining the problems facing the British economy, comments which are likely to please the influential eurosceptic wing of his Conservatives as they gather for the party’s annual conference.

Oct 7, 2012

UK’s Cameron tells Europe: I can veto EU budget

BIRMINGHAM, England (Reuters) – British Prime Minister David Cameron on Sunday threatened to scupper European Union budget talks unless other members of the 27-nation bloc agree to “proper control” of spending, without specifying what would be an acceptable settlement for Britain.

Cameron also lent his support to a proposal for two EU budgets, one for the euro zone and another for cash-strapped Britain and the nations outside the single currency, but said it would take some time to come to fruition.

    • 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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