Government Bonds Correspondent
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Feb 5, 2014

RBS would move to London if Scotland breaks away – Cable

LONDON (Reuters) – Britain’s Royal Bank of Scotland (RBS.L: Quote, Profile, Research) would “inevitably” move its headquarters from Edinburgh to London if Scotland votes for independence later this year, Business Secretary Vince Cable said on Wednesday.

Scotland will hold a referendum in September on whether to end its 307-year union with England, with polls showing around 42 percent planning to vote against independence and 29 percent in favour.

Feb 5, 2014

RBS would move to London if Scotland breaks away -minister

LONDON, Feb 5 (Reuters) – Britain’s Royal Bank of Scotland
would “inevitably” move its headquarters from Edinburgh
to London if Scotland votes for independence later this year,
Business Secretary Vince Cable said on Wednesday.

Scotland will hold a referendum in September on whether to
end its 307-year union with England, with polls showing around
42 percent planning to vote against independence and 29 percent
in favour.

Jan 31, 2014

Lawmakers thwart Cameron’s bid for EU referendum law

LONDON (Reuters) – Prime Minister David Cameron suffered a setback on Friday when his bid to enshrine the promise of a referendum on Britain’s European Union membership in law was thwarted by senior lawmakers.

Nevertheless Cameron’s Conservative party said they would try other ways to get the promise – seen as a way to help the prime minister pacify rebellious eurosceptic factions within his party – onto the statute book.

Jan 31, 2014

British lawmakers thwart Cameron’s bid for EU referendum law

LONDON (Reuters) – British Prime Minister David Cameron suffered a setback on Friday when his bid to enshrine the promise of a referendum on Britain’s European Union membership in law was thwarted by senior lawmakers.

Nevertheless Cameron’s Conservative party said they would try other ways to get the promise – seen as a way to help the prime minister pacify rebellious eurosceptic factions within his party – onto the statute book.

Jan 31, 2014

Anglo-French summit puts EU reform differences on display

LONDON, Jan 31 (Reuters) – Anglo-French differences over
European Union reform were laid bare at a summit on Friday when
British Prime Minister David Cameron called for urgent treaty
change while French President Hollande said such a move was not
a priority.

The first summit between the two since Hollande won power in
May 2012 announced joint investment in the latest phase of a
combat drone scheme, cooperation on civil nuclear power research
and an agreement on space and satellite technology.

Jan 31, 2014

Britain and France set to clash over EU reform at summit

LONDON, Jan 31 (Reuters) – British Prime Minister David
Cameron is set to clash with France’s President Francois
Hollande over how to reform the European Union on Friday,
souring an Anglo-French summit aimed at deepening defence and
energy cooperation.

The first Anglo-French summit since Hollande won power in
May 2012 will announce joint investment in the latest phase of a
combat drone scheme, cooperation on civil nuclear power research
and an agreement on space and satellite technology.

Jan 30, 2014

UK fraud prosecutor seeks extra 19 million pounds for Libor, other cases

LONDON (Reuters) – Britain’s leading fraud prosecutor needs an extra 19 million pounds ($31.45 million) by the end of March to help to pay for complex investigations, including a high-profile benchmark fixing inquiry, and a huge damages suit.

The SFO said on Thursday the extra funding was needed in part for its inquiry into Libor (London interbank offered rate) benchmark fixing, a probe into Barclays’ (BARC.L: Quote, Profile, Research) fundraising from Qatar, a Rolls Royce (RR.L: Quote, Profile, Research) investigation and to meet costs linked to a 300 million pound damages suit launched by the property moguls the Tchenguiz brothers.

Jan 30, 2014

UK fraud prosecutor seeks extra 19 mln stg for Libor, other cases

LONDON, Jan 30 (Reuters) – Britain’s leading fraud
prosecutor needs an extra 19 million pounds ($31.45 million) by
the end of March to help to pay for complex investigations,
including a high-profile benchmark fixing inquiry, and a huge
damages suit.

The SFO said on Thursday the extra funding was needed in
part for its inquiry into Libor (London interbank offered rate)
benchmark fixing, a probe into Barclays’ fundraising
from Qatar, a Rolls Royce investigation and to meet costs
linked to a 300 million pound damages suit launched by the
property moguls the Tchenguiz brothers.

Jan 30, 2014

Embattled UK outsourcer Serco warns on profits again

LONDON, Jan 30 (Reuters) – Britain’s Serco said 2014
profit could be as much as 20 percent below forecasts, a sign
that the cost of rebuilding the outsourcing group from
high-profile government contract failures is continuing to take
its toll.

The warning came minutes after Serco’s biggest client, the
British government, said it had decided to allow the firm to
once again win new work, ending a six-month hiatus after Serco,
along with rival G4S, charged for tagging criminals who
were not being monitored, in prison or dead.

Jan 27, 2014

UK recovery hurt by EU exit debate, says junior coalition partner

LONDON (Reuters) – Uncertainty over Britain’s membership of the European Union is holding back economic recovery, a leading member of the junior partner in the coalition government said on Monday.

Liberal Democrat Business Secretary Vince Cable used a speech setting out his vision of Britain’s economy to criticize Prime Minister David Cameron, a Conservative, for spooking investors by planning a referendum on EU membership.