Government Bonds Correspondent
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Dec 18, 2014

Britain targets financial fraud with anti-corruption police unit

LONDON, Dec 18 (Reuters) – Britain is to set up a specialist
police unit focused on corruption and bribery, aiming to bolster
its defences against white-collar crime in the financial sector
as part of a wider plan to stamp out fraudulent business
practices.

Banks and other financial players account for about a tenth
of the UK economy’s output but the sector has been damaged by a
succession of scandals, making it important for the government
to show it is clamping down on wrongdoing.

Dec 18, 2014

UK earnings recovery might not help Cameron much before election

LONDON (Reuters) – The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as a general election approaches.

Earnings, excluding bonuses, grew by more than inflation for a second straight month in October after lagging behind prices for five years, data showed on Wednesday.

Dec 17, 2014

UK earnings recovery might not help Cameron much before vote

LONDON (Reuters) – The wages of British workers are rising and inflation is tumbling, but a turnaround in living standards may prove to be too little, too late for Prime Minister David Cameron as national elections approach.

Earnings, excluding bonuses, grew by more than inflation for a second straight month in October after lagging behind prices for five years, data showed on Wednesday.

Dec 16, 2014

Cameron’s plans to shake up lawmaking worry his rivals

LONDON (Reuters) – Britain’s two main political parties accused each other on Tuesday of putting the future of the nation at risk as they drew battle lines over how to reform the constitution after Scotland’s failed bid for independence.

A last-ditch promise to transfer powers to Scotland’s devolved parliament from London helped swing a close referendum in September in favour of keeping the United Kingdom together, but that has awakened decades-old grievances over imbalances in the way laws are made in England.

Dec 16, 2014

Cameron’s plans to shake up English lawmaking worry his rivals

LONDON (Reuters) – Britain’s two main political parties accused each other on Tuesday of putting the future of the nation at risk as they drew battle lines over how to reform the constitution after Scotland’s failed bid for independence.

A last-ditch promise to transfer powers to Scotland’s devolved parliament from London helped swing a close referendum in September in favor of keeping the United Kingdom together, but that has awakened decades-old grievances over imbalances in the way laws are made in England.

Dec 16, 2014

UK government seeks to lock in budget goals as election nears

NEW YORK/POOLE, England (Reuters) – Britain’s government promised on Monday to put its ambitious budget targets on a more formal footing, in a largely political move by Conservative Chancellor George Osborne to embarrass the Labour party.

Cutting Britain’s budget deficit has been the main economic goal of the coalition government since it came to power in 2010, and Osborne wants to keep it at the top of the agenda in the run-up to a national election in May 2015.

Dec 15, 2014

UK government sets more ambitious budget target as election nears

LONDON/POOLE, England (Reuters) – Britain’s coalition government promised on Monday to put its ambitious budget targets on a more formal footing, in a largely political move meant to embarrass the Labour party.

Cutting Britain’s deficit has been the main economic goal of the country’s Conservative-Liberal Democrat coalition since it came to power in 2010, and Chancellor George Osborne wants to keep it at the top of the agenda in the run-up to a national election in May 2015.

Dec 13, 2014

Wanted: Scottish Labour leader to swing 2015 election

LONDON (Reuters) – When the once mighty Scottish Labour party selects a new local boss on Saturday, national party chief Ed Miliband will be holding his breath: The decision could make or break his chances of winning power in wider Britain.

The winner of Scotland’s Labour crown will have to unite the divided party while attempting to tackle Scottish nationalists who have seen support surge since Scots voted not to quit the United Kingdom in a Sept. 18 independence referendum.

Dec 13, 2014

Wanted: Scottish Labour leader to swing Britain’s 2015 election

LONDON (Reuters) – When the once mighty Scottish Labour party selects a new local boss on Saturday, national party chief Ed Miliband will be holding his breath: The decision could make or break his chances of winning power in wider Britain.

The winner of Scotland’s Labour crown will have to unite the divided party while attempting to tackle Scottish nationalists who have seen support surge since Scots voted not to quit the United Kingdom in a Sept. 18 independence referendum.

Dec 10, 2014

UK’s Miliband tries to shed economic incompetence image before election

LONDON (Reuters) – Ed Miliband, leader of Britain’s opposition Labour party, will seek to rally support for his economic policy five months before a national election by portraying planned Conservative spending cuts as “extreme” and driven by a heartless ideology.

Neck-and-neck in opinion polls with Prime Minister David Cameron’s right-leaning Conservatives, Labour’s economic competence rating is sharply lower, with rivals often telling voters the party mishandled the 2008 financial crisis and left behind the biggest peacetime deficit since World War Two.