Tim's Feed
Feb 6, 2013

UK’s RBS ‘in limbo,’ should have been nationalised -Cable

LONDON, Feb 6 (Reuters) – Britain’s Royal Bank of Scotland
is “in limbo” and should have been fully nationalised
when it was rescued in the financial crisis, Business Secretary
Vince Cable said on Wednesday.

Instead, the present government was saddled with the “worst
of all worlds – responsibility without control” of a bank bailed
out with 45 billion pounds ($70 billion) of state money, Cable
said in advance extracts of a speech released by his office.

Jan 30, 2013

Vinec Cable sees merit in growth target for BoE

LONDON (Reuters) – Business minister Vince Cable said on Wednesday he could see some merit in incorporating growth into the Bank of England’s objectives, adding his voice to an emerging debate over the bank’s mandate.

“I think the argument for having growth as part of the objectives seems eminently sensible and I think it is important we have a debate on how best that should be done,” Cable said in remarks at a think tank event in London.

Jan 28, 2013

Murdoch apologizes for “offensive” Netanyahu cartoon

LONDON (Reuters) – Rupert Murdoch apologized on Monday for a “grotesque” cartoon in his London-based Sunday Times newspaper depicting Israeli Prime Minister Benjamin Netanyahu building a bloody wall trapping the bodies of Palestinians, after complaints from Jewish groups.

The image, which shows Netanyahu holding a trowel dripping blood, was published on Holocaust Memorial Day and carried the caption “Israeli elections. Will cementing peace continue?”

Jan 19, 2013

Murdoch risks spat over London Times editor appointment

LONDON, Jan 18 (Reuters) – Rupert Murdoch risked a spat with
directors tasked with protecting the independence of London’s
Times and Sunday Times newspapers on Friday after ignoring their
disapproval and appointing temporary acting editors to both
titles.

The independent directors refused to formally approve the
appointments in an apparent disagreement over the future of the
papers, which Murdoch’s British newspaper operation said were in
a “very difficult financial position.”

Jan 17, 2013

UK’s Cameron risks “dangerous gamble” on EU: LibDem minister

LONDON (Reuters) – British Prime Minister David Cameron will be taking a “dangerous gamble” if he tries to win concessions from the European Union by exploiting a crisis among the bloc’s euro zone nations, one of his senior ministers said on Thursday.

Cameron, under pressure from euroskeptic legislators within his Conservative party, will make a long-anticipated speech on Friday detailing his plans to renegotiate Britain’s relationship with the 27-nation bloc.

Jan 16, 2013

UK’s Cameron risks “dangerous gamble” on EU

LONDON (Reuters) – British Prime Minister David Cameron will be taking a “dangerous gamble” if tries to win concessions from the European Union by exploiting a crisis among the bloc’s euro zone nations, one of his senior ministers said on Thursday.

Cameron, under pressure from euroskeptic legislators within his Conservative party, will make a long-anticipated speech on Friday detailing his plans to renegotiate Britain’s relationship with the 27-nation bloc.

Jan 16, 2013

Cameron risks “dangerous gamble” on EU – minister

LONDON (Reuters) – British Prime Minister David Cameron will be taking a “dangerous gamble” if tries to win concessions from the European Union by exploiting a crisis among the bloc’s euro zone nations, one of his senior ministers said on Thursday.

Cameron, under pressure from eurosceptic legislators within his Conservative party, will make a long-anticipated speech on Friday detailing his plans to renegotiate Britain’s relationship with the 27-nation bloc.

Jan 15, 2013

Government takes aim at soaring state pension bill

LONDON (Reuters) – Britons will have to work longer to earn a full state pension but will benefit from a higher flat rate when they retire, the government said on Monday as it sought to put a lid on the soaring cost of its universal basic pension provision.

The government will also formally consider at regular intervals whether to raise its state pension age to allow for rising life expectancy.

Jan 14, 2013

Britain takes aim at soaring state pension bill

LONDON, Jan 14 (Reuters) – Britons will have to work longer
to earn a full state pension but will benefit from a higher flat
rate when they retire, the government said on Monday as it
sought to put a lid on the soaring cost of its universal basic
pension provision.

The government will also formally consider at regular
intervals whether to raise its state pension age to allow for
rising life expectancy.

Jan 8, 2013

Cameron and Clegg pledges no split before 2015 vote

LONDON (Reuters) – The leaders of Britain’s governing coalition parties put on a show of unity on Monday, saying they would stay together until 2015 to try to reduce a large budget deficit despite policy differences over the European Union and state handouts.

Under pressure from supporters to reassert their own party identities, Prime Minister David Cameron, a Conservative, and Nick Clegg, his deputy and a Liberal Democrat, appeared together to list their past achievements and future aims.