UK Politics and Economics Correspondent
Matt's Feed
Jun 22, 2012

Suu Kyi makes history with UK parliament address

LONDON (Reuters) – Myanmar democracy champion Aung San Suu Kyi became the first non-head of state to address both houses of Britain’s parliament on Thursday in a rare honor she used to ask for help in bringing democracy to the former British colony.

Cutting a tiny figure in parliament’s cavernous and historic Westminster Hall, the 67-year-old Nobel Peace laureate and opposition leader received a standing ovation on arrival, introduced as “the conscience of a country and a heroine for humanity”.

Jun 21, 2012

Myanmar’s Suu Kyi supports Thein Sein UK invite

LONDON (Reuters) – Myanmar President Thein Sein will travel to London in the coming months for talks with British Prime Minister David Cameron, a move pro-democracy campaigner Aung San Suu Kyi said would help avoid her country being “shackled by the past”.

Speaking on the latest leg of an emotional 17-day tour of Europe after 15 years of house arrest in Myanmar, Suu Kyi batted away possible misgivings over the invitation to Britain of a man once part of the military junta that ruled Myanmar for 49 years.

Jun 21, 2012

Myanmar leader to visit Britain for reform talks

LONDON (Reuters) – Myanmar President Thein Sein will come to London in the coming months to hold talks with British Prime Minister David Cameron, as the once pariah Asian state edges its way back into the international fold.

The announcement on Thursday came hours before Cameron was due to meet Aung San Suu Kyi, Myanmar’s Nobel laureate who spent 15 years under house arrest as she fought to bring democracy to her country.

Jun 18, 2012

Government plots homebuilding boom to spur recovery

LONDON (Reuters) – The government is hoping to spark a 1930s-style house building boom, business minister Vince Cable said on Monday, as policymakers try to drag the economy out of a second recession in four years without abandoning their austerity plan.

Britain’s economy sank back into recession during the six months spanning the end of last year, piling pressure on the Conservative-led coalition government to soften its programme of spending cuts and tax hikes to improve the chances of recovery.

Jun 18, 2012

UK plots homebuilding boom to spur recovery

LONDON, June 18 (Reuters) – The British government is hoping
to spark a 1930s-style house building boom, business minister
Vince Cable said on Monday, as policymakers try to drag the
economy out of a second recession in four years without
abandoning their austerity plan.

Britain’s economy sank back into recession during the six
months spanning the end of last year, piling pressure on the
Conservative-led coalition government to soften its programme of
spending cuts and tax hikes to improve the chances of recovery.

Jun 18, 2012

Britain urges world’s central banks to act

LONDON (Reuters) – British Prime Minister David Cameron will urge central banks on Monday to act to protect the global economy from the ravages of the euro zone debt crisis, and demand that the currency bloc’s biggest economic players work harder to resolve its problems.

Cameron, due to speak to world business leaders at the G20 summit of developed and emerging economies in Mexico, will warn the euro zone that it faces “perpetual stagnation” unless it fixes its problems.

Jun 15, 2012

UK fights euro zone threat with 100 billion pound credit boost

LONDON (Reuters) – The government and central bank will flood Britain’s banking system with more than 100 billion pounds ($155.43 billion), seeking to pump credit through an economy struggling to escape recession under the “black cloud” of the euro zone crisis.

In his annual Mansion House policy speech to London financiers on Thursday, Bank of England Governor Mervyn King said Britain would launch a scheme to provide cheap long-term funding to banks to encourage them to lend to businesses and consumers.

Jun 14, 2012

Britain fights euro zone threat with credit boost

LONDON, June 14 (Reuters) – Britain’s government and the
Bank of England will flood its banking system with cash in a
coordinated move to get credit flowing through its recession-hit
economy, as the euro zone crisis casts a “black cloud” over the
world economy.

The country will launch a scheme to provide cheap long-term
funding to banks to encourage them to lend to businesses and
consumers, and the central bank will activate an emergency
liquidity tool, BoE governor Mervyn King said in his annual
Mansion House policy speech to London financiers.

Jun 14, 2012

It’s decision time for euro zone -UK’s Osborne

LONDON, June 14 (Reuters) – The risks to Britain from a
disorderly collapse of the euro zone are huge and Greece has to
make up its mind over its membership of the zone, finance
minister George Osborne said on Thursday.

In comments likely to stir up resentment on the continent,
where euro zone leaders are fed up with what they see as an
obstructive Britain lecturing from the sidelines, Osborne told
the bloc to form a banking union and underwrite its banks.

Jun 14, 2012

Government likely to adopt bulk of advised bank reform

LONDON (Reuters) – The government will on Thursday say it will force banks to adopt the vast swathe of reforms recommended by an independent panel last year to safeguard taxpayers and the economy from future financial crises.

Chancellor George Osborne, taking forward the advice of the Independent Commission on Banking (ICB), will tell banks how the government will “implement those recommendations in detail” to stop problems in the sector “spilling onto our high streets”.

    • 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