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Oct 7, 2012

British PM Cameron warns: brace for more budget cuts

BIRMINGHAM, England, Oct 7 (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 trying to shunt the economy out of
recession and winning back waning public support.

An aide said the government was paving the way for the next
phase of austerity rather than signalling bigger than planned
cuts, but investors say longer or deeper cuts look likely after
a return to recession cast doubt over Britain’s deficit targets.

Oct 7, 2012

Cameron warns of more UK budget cuts as support wanes

BIRMINGHAM, England (Reuters) – Britain must find more spending cuts to reduce the budget deficit up to the next election and beyond, Prime Minister David Cameron said on Sunday, underlining the government’s tough task of fixing the economy and winning back waning public support.

Cameron also said he would use Britain’s veto to scupper European Union budget talks if necessary, appealing to the powerful euroskeptic wing of his Conservatives, who are trailing the opposition Labour Party in opinion polls.

Oct 5, 2012

UK’s Cameron under pressure to launch a comeback next week

LONDON (Reuters) – Presiding over a fractious coalition amid a recession and derided by critics as an “out of touch” snob, British Prime Minister David Cameron is under pressure to take on a resurgent opposition at his party’s annual conference next week.

In a coalition with the smaller Liberal Democrats, Cameron’s Conservatives languish behind a revived Labour opposition party in opinion polls and he faces a tough task to win an outright majority in 2015, something he failed to do in 2010.

Oct 3, 2012

Labour leader Miliband plays the class card

MANCHESTER (Reuters) – Labour leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.

Hoping voters will punish the coalition government for a recession and hand Labour power in an election in 2015, Miliband is grappling with polls which show he is far less popular than his own party and is seen as a worse leader than Cameron.

Oct 2, 2012

Britain’s Labor leader Miliband plays the class card

MANCHESTER, England (Reuters) – Britain’s opposition leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.

Hoping voters will punish the coalition government for a recession and hand Labor power in an election in 2015, Miliband is grappling with polls which show he is far less popular than his own party and is seen as a worse leader than Cameron.

Oct 1, 2012

UK’s Labour tells government: spend 4G money for growth

MANCHESTER, England, Oct 1 (Reuters) – Britain’s opposition
Labour Party told the government to build its way out of
recession by using $6.5 billion from the sale of 4G mobile phone
licences to pay for new homes, but said there would be no
spending spree if it won the 2015 election.

Ed Balls, Labour’s finance minister-in-waiting, says Prime
Minister David Cameron’s coalition government has stalled the
$2.5 trillion economy by cutting too far too soon in an attempt
to reduce a record budget deficit rather than driving demand.

Sep 30, 2012

UK’s Labour urges government to spend 4G money on new homes

MANCHESTER, England, Oct 1 (Reuters) – Britain’s opposition
Labour Party will on Monday urge the government to build its way
out of recession, using funds from the sale of the mobile phone
spectrum to pay for more than 100,000 cheap homes and a stamp
duty freeze for first time house buyers.

Labour’s finance spokesman Ed Balls warned there would be no
“post-election spending spree” if the opposition party won the
next election in 2015 and ruled out any pledges to reverse
specific tax rises or spending cuts, instead promising to
evaluate all spending across government departments.

Sep 30, 2012

Labour to impose “real” bank split if elected – Miliband

MANCHESTER, England (Reuters) – Labour leader Ed Miliband launched an offensive against banks on Sunday ahead of his party’s annual conference, promising a “real separation” of retail and investment banking and to raise the top rate of personal income tax.

The Conservative-Lib Dem coalition government has said it will implement the recommendations of an independent review by Oxford University economist John Vickers into how banks should be structured in the wake of the global credit crisis.

Sep 30, 2012

UK’s Labour to impose “real” bank split if elected: Miliband

MANCHESTER, England (Reuters) – Britain’s Labour opposition leader launched an offensive against banks on Sunday ahead of his party’s annual conference, promising a “real separation” of retail and investment banking and to raise the top rate of personal income tax.

The Conservative-Liberal Democrat coalition government has said it will implement the recommendations of an independent review by Oxford University economist John Vickers into how banks should be structured in the wake of the global credit crisis.

Sep 19, 2012

Lib Dems say sorry for dropping key 2010 manifesto pledge

LONDON (Reuters) – The Lib Dems apologised on Wednesday for promising to scrap university fees before the 2010 election – a pledge they broke once in power by agreeing to a hike in tuition costs.

The centre-left Lib Dems’ popularity plummeted after the 2010 election and a series of reversals on key areas of party policy – such as education and austerity – following their decision to join forces with the centre-right Conservatives.

    • 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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