Government Bonds Correspondent
William's Feed
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.

Jan 27, 2014

Cameron trumpets red tape cuts to woo business bosses

LONDON (Reuters) – Prime Minister David Cameron will tell company owners on Monday that his government has exceeded its targets for cutting back over-zealous business regulations and will save firms millions of pounds per year.

Cameron’s appeal for support from the business world in the run-up to the 2015 election comes at a time when the opposition Labour party is facing heavy business criticism for planning to raise income taxes and shake up the energy and banking industries.

Jan 21, 2014

MPs criticise government over business lending schemes

LONDON (Reuters) – Britain is failing to help businesses borrow the cash they need in order to grow, a panel of MPs said on Tuesday, criticising government schemes designed to boost lending as ad-hoc and untargeted.

In Britain, as in much of the rest of Europe, the small and medium-sized business sector is seen as a crucial component of economic recovery, helping to create growth and jobs while generating tax revenues to close the public deficit.

Jan 21, 2014

UK lawmakers criticise government over business lending schemes

LONDON, Jan 21 (Reuters) – Britain is failing to help
businesses borrow the cash they need in order to grow, a panel
of lawmakers said on Tuesday, criticising government schemes
designed to boost lending as ad-hoc and untargeted.

In Britain, as in much of the rest of Europe, the small and
medium-sized business sector is seen as a crucial component of
economic recovery, helping to create growth and jobs while
generating tax revenues to close the public deficit.

Jan 20, 2014

UKIP courts UK financiers ahead of elections

LONDON (Reuters) – The leader of Britain’s anti-EU party appealed to the financial services industry on Monday to back his campaign for a European Union exit, saying European politicians “loathed and despised” London’s dominance in the sector.

Seeking to boost support for his party ahead of elections to the European Parliament in May, Nigel Farage, the leader of the UK Independence Party (UKIP), said Euro MPs were so hostile to the British finance industry that the country would be better off leaving the 28-nation bloc.

Jan 20, 2014

Britain’s anti-EU party courts UK financiers ahead of elections

LONDON, Jan 20 (Reuters) – The leader of Britain’s anti-EU
party appealed to the financial services industry on Monday to
back his campaign for a European Union exit, saying European
politicians “loathed and despised” London’s dominance in the
sector.

Seeking to boost support for his party ahead of elections to
the European Parliament in May, Nigel Farage, the leader of the
UK Independence Party (UKIP), said Euro MPs were so hostile to
the British finance industry that the country would be better
off leaving the 28-nation bloc.

Jan 17, 2014

UK’s Labour pledges British bank branch selloff to tap voter mistrust

LONDON, Jan 17 (Reuters) – Britain’s biggest banks will be
forced to sell off branches to make room for new competitors if
the opposition Labour party wins the next election, leader Ed
Miliband said on Friday, aiming to create two new banks.

He said the move was designed to inject competition into the
sector.

With a general election in May next year, Britain’s
political parties are beginning to fire up policies designed to
be popular with voters. Miliband has already called for a freeze
on fuel bills, while the Conservatives are calling for a rise in
the minimum wage.

Jan 16, 2014

UK’s Labour pledges to force branch selloffs at big British banks

LONDON, Jan 16 (Reuters) – Britain’s banks will have to
shrink and sell off branches in order to improve competition if
Labour wins the next election, party leader Ed Miliband will
announce on Friday in a speech spelling out his agenda for
financial reform.

Miliband will pledge to break up the financial sector by
imposing a cap on the market share of personal banking and small
business lending that any single institution can have.

Jan 16, 2014

EU membership for Scotland by 2016 ‘implausible’ – Lidington

LONDON (Reuters) – Britain’s minister for Europe poured cold water on Thursday on the prospect of Scotland enjoying a swift, smooth accession to the European Union if Scottish nationalists win an independence referendum this year.

The warning, coming 244 days before Scots go to the polls to decide whether they want to remain part of Britain, marked the latest instalment of a campaign by the British government in London to keep a 307-year-old union with Scotland intact.

Jan 16, 2014

UK’s Cable says industrial sector faces energy cost crisis

LONDON, Jan 16 (Reuters) – UK business secretary Vince Cable
said on Thursday rising energy costs pose a major stumbling
block for the competitiveness of British industry, but stopped
short of offering new government initiatives to tackle the
problem.

Energy prices are high on Britain’s political agenda, but
most of the focus so far has been on households, even
though energy-intensive industries (EIIs) such as steel and
chemicals firms pay some of the highest bills in Europe.