Tim's Feed
Mar 31, 2011

UK hands private prison management deal to G4S

LONDON, March 31 (Reuters) – The government handed the
running of an existing state-run jail to private managers for
the first time on Thursday and said it was ready to use troops
to keep order if prison officers strike over the deal with G4S
G4S.L.

Justice Secretary Ken Clarke said the government had
appointed G4S to manage Birmingham prison in central England as
well as a new jail, Featherstone 2, being built in nearby
Wolverhampton.

Mar 30, 2011

UK Bribery Act may offer overseas firms loophole

LONDON, March 30 (Reuters) – Britain has potentially limited
the scope of the world’s most draconian anti-bribery act in a
move that preserves the appeal of UK capital markets, while
drawing criticism that it creates double standards.

The delayed Bribery Act, which will come into force from
July, will not necessarily apply to overseas companies listed in
Britain or with a UK incorporated subsidiary, Justice Secretary
Kenneth Clarke said on Wednesday.

Mar 28, 2011

Britain to enforce new bribery laws by July

LONDON (Reuters) – Tough anti-corruption laws that companies fear will expose them to unlimited fines will come into force in late June or early July, a spokesman for justice secretary Ken Clarke said Monday.

The rules were due to be implemented by April but Clarke delayed their introduction after companies complained the legislation was too strict and created uncertainty for multinationals and firms seeking business abroad.

Mar 28, 2011

Government wants end to too-big-to-fail banks

LONDON (Reuters) – The government will accept proposed reforms from a special banking commission panel if they offer taxpayers protection from the danger of banks being too big to fail, Deputy Prime Minister Nick Clegg said on Friday.

The government spent billions of pounds bailing out ailing banks including Royal Bank of Scotland (RBS.L: Quote, Profile, Research) and Lloyds TSB (LLOY.L: Quote, Profile, Research) and is seeking ways to restructure the industry.

Mar 28, 2011

UK targets Mexico in Latin American trade drive

LONDON (Reuters) – The deputy prime minister takes a high-level delegation of company executives and government ministers to Mexico on Monday in search of business contracts to bolster a fragile economic recovery at home.

Nick Clegg, leader of the junior party in Britain’s coalition government, will also meet President Felipe Calderon and address the Mexican Senate during his stay.

Mar 27, 2011

Rioters battle UK police after anti-cuts rally

LONDON (Reuters) – Black-clad, masked youths battled riot police and attacked banks and luxury stores in central London on Saturday, overshadowing a protest by more than a quarter of a million Britons against government spending cuts.

Police said they had arrested more than 200 people after anarchist groups splintered from the main union-led protest march and fought running skirmishes with riot police across the West End shopping and theater district.

Mar 26, 2011

Anarchists battle UK police after anti-cuts rally

LONDON, March 26 (Reuters) – Black-clad, masked youths
battled riot police and attacked banks and luxury stores in
central London on Saturday, overshadowing a protest by more than
a quarter of a million Britons against government spending cuts.

Police said they had arrested 125 people after anarchist
groups splintered from the main union-led protest march and
fought running skirmishes with riot police across the West End
shopping and theatre district.

Mar 26, 2011

Protestors battle police in UK anti-govt protest

LONDON (Reuters) – Breakaway protestors scuffled with police and smashed windows in central London on Saturday as tens of thousands of Britons marched against government austerity cuts.

Groups dressed in black and wearing masks threw flares and smoke grenades and broke into a branch of HSBC bank in the center of the capital.

Mar 26, 2011

Clegg says Labour dishonestly stoking cuts protest

LONDON (Reuters) – Anti-austerity protestes marching in London on Saturday should explain what alternative they would offer in place of the government’s deficit reduction plan, Deputy Prime Minister Nick Clegg said.

Union leaders have called the demonstration to oppose deep state spending cuts, public sector job losses, tax rises and pension reforms.

Mar 26, 2011

UK wants end to too-big-to-fail banks – deputy PM

LONDON (Reuters) – Britain will accept proposed reforms from a special banking commission panel if they offer taxpayers protection from the danger of banks being too big to fail, Deputy Prime Minister Nick Clegg said on Friday.

Britain spent billions of pounds bailing out ailing banks including Royal Bank of Scotland and Lloyds TSB and is seeking ways to restructure the industry.