Tim's Feed
Jan 13, 2012

Britain has reason for economic optimism – Osborne

LONDON (Reuters) – Britain can be confident about its economic outlook this year, with inflation falling, interest rates low and plans in place to deal with a record budget deficit, Chancellor George Osborne said on Thursday.

The sovereign debt crisis in the neighbouring euro zone remained a serious threat to the economy, but Osborne said in an interview with ITV News he thought the single currency would survive.

Jan 12, 2012

Osborne sees reason for economic optimism

LONDON (Reuters) – Britain can be confident about its economic outlook this year, with inflation falling, interest rates low and plans in place to deal with a record budget deficit, Chancellor George Osborne on Thursday.

The sovereign debt crisis in the neighbouring euro zone remained a serious threat to the economy, but Osborne said in an interview with ITV News he thought the single currency would survive.

Jan 10, 2012

UK gives green light for high speed rail network

LONDON, Jan 10 (Reuters) – Britain gave the green
light on Tuesday for a 32.7 billion pound ($50 billion)
high-speed rail network linking London, Birmingham and cities
further north, delighting business groups but angering opponents
along its route who say it is unneeded and will scar some of the
country’s prettiest countryside.

The first part of the route cuts through the Chilterns area
to the northwest of the capital, a region of farms, woodlands
and small towns, normally a heartland of support for Prime
Minister David Cameron’s ruling Conservatives.

Jan 9, 2012

EU’s Rehn says Greek debt swap talks in final stages

LONDON (Reuters) – Talks with private investors on a restructuring of Greek sovereign debt are in their final stages and could conclude shortly, the European Union’s Economic and Monetary Affairs Commissioner Olli Rehn told Reuters on Monday.

The level of discount to be accepted by creditors was likely to remain in line with the 50 percent level agreed in October, Rehn added, speaking at the end of a meeting of senior European Liberal politicians in London.

Jan 9, 2012

European Liberals say euro pact must focus on fiscal matters

LONDON (Reuters) – The fiscal pact to fix the euro zone debt crisis should focus on steps needed to secure budgetary discipline and should not divide the wider European Union, European Liberal leaders said after meeting in London on Monday.

Policymakers from Liberal parties around Europe said Britain should remain at the heart of Europe, after Prime Minister David Cameron last month vetoed a new treaty on euro zone fiscal integration, risking isolating London.

Jan 3, 2012

St Trinian’s creator Searle dies aged 91

LONDON (Reuters) – British cartoonist Ronald Searle, best known for his spiky drawings of the tearaway pupils of the fictional girls school St Trinian’s, has died in southern France aged 91, his daughter said on Tuesday.

Searle, whose anarchic St Trinian’s characters spawned a series of movie adaptations, died on December 30 at a hospital near his home in Draguignan, in France’s south-eastern Var region.

Jan 3, 2012

UK artist, St Trinian’s creator Searle dies aged 91

LONDON (Reuters) – British cartoonist Ronald Searle, best known for his spiky drawings of the tearaway pupils of the fictional girls school St Trinian’s, has died in southern France aged 91, his daughter said on Tuesday.

Searle, whose anarchic St Trinian’s characters spawned a series of movie adaptations, died on December 30 at a hospital near his home in Draguignan, in France’s south-eastern Var region.

Dec 20, 2011

Cable says banking reforms no excuse to cut lending

LONDON (Reuters) – Radical government reforms to make banks safer should have no effect on their ability to lend to companies and entrepreneurs, Business Secretary Vince Cable said in an interview with Reuters.

Bankers should consider cutting “excessive” pay and dividends before passing on to customers the cost of the plans, confirmed on Monday, for banks to raise extra capital and ring-fence their retail operations from their investment arms, he said.

Dec 19, 2011

Banking reforms no excuse to cut lending – Cable

LONDON (Reuters) – Radical government reforms to make banks safer should have no effect on their ability to lend to companies and entrepreneurs, Business Secretary Vince Cable said in an interview with Reuters.

Bankers should consider cutting “excessive” pay and dividends before passing on to customers the cost of the plans, confirmed on Monday, for banks to raise extra capital and ring-fence their retail operations from their investment arms, he said.

Dec 14, 2011

Independent Scotland could join euro, Salmond says

LONDON (Reuters) – Scotland could eventually join the euro, the country’s pro-independence leader said on Wednesday, criticising Prime Minister David Cameron for leaving Britain isolated in the European Union.

Scottish First Minister Alex Salmond accused Cameron of “irresponsible posturing” over his decision last week to veto an EU Treaty on the euro zone debt crisis.