Government Bonds Correspondent
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Aug 5, 2014

Britain eyes regulation for virtual currencies

LONDON, Aug 6 (Reuters) – Britain on Wednesday took its
first steps toward regulating the rapidly expanding use of
virtual currencies, launching a study to look at the
opportunities and risks presented by digital currency Bitcoin
and its rivals.

The announcement came in a package of measures unveiled by
finance minister George Osborne aimed at boosting financial
innovation in London to help fend off challengers to the city’s
status as the world’s leading financial centre.

Aug 5, 2014

UK minister quits over ‘morally indefensible’ Gaza policy

LONDON (Reuters) – Sayeeda Warsi, a senior minister in Britain’s Foreign Office, resigned on Tuesday, accusing Prime Minister David Cameron’s government of taking a “morally indefensible” approach to the conflict between Israel and Hamas.

While the British government has repeatedly called for an immediate ceasefire in Gaza, Cameron has come under criticism from political opponents for what they say has been his reluctance to condemn Israel’s actions in stronger terms.

Aug 1, 2014

NATO must change to better repel Russian threat: UK’s Cameron

LONDON (Reuters) – NATO must overhaul itself to be able to better defend its members from a potential Russian military threat, British Prime Minister David Cameron said on Saturday,

He said the U.S.-led Atlantic alliance had to rethink its ties with Moscow because of the Ukraine crisis.

Jul 29, 2014

Britain cuts EU migrants’ access to welfare payments

LONDON (Reuters) – British Prime Minister David Cameron on Tuesday set out new welfare rules to cut access to social security payments for migrants from the European Union, the latest in a string of British measures aimed at addressing voter concern over immigration.

Writing in The Daily Telegraph newspaper, Cameron said that from November migrants coming to Britain from the EU to find work would be entitled to claim unemployment and child benefits for three months, rather than the previous six months.

Jul 23, 2014

Ukraine crisis puts Britain’s Cameron on spot over Russian donations

LONDON (Reuters) – British Prime Minister David Cameron came under pressure over the Ukraine crisis on Wednesday after he was forced to defend a party political donation from the wife of a former minister in Russian President Vladimir Putin’s government.

Lyubov Chernukhina, the wife of Vladimir Chernukhin, a former deputy finance minister in Putin’s government, agreed to pay 160,000 pounds ($272,500) to Cameron’s Conservative Party at a fund-raising gala this month in exchange for a game of tennis with Cameron and Boris Johnson, the mayor of London.

Jul 22, 2014

Hardline Muslims tried to impose Islam in British city’s schools: government report

LONDON (Reuters) – A British government inquiry has found that hardline Muslims tried to impose an “intolerant and aggressive” Islamic agenda on some schools in the city of Birmingham, including separation of boys and girls in lessons and banning Christmas celebrations.

Some of the majority-Moslem schools invited speakers with known extremist views to assemblies and promoted organizations that would be categorized as ‘extremist’ under government classifications, according to the report by Peter Clarke, former head of London Metropolitan Police’s Counter Terrorism Command.

Jul 21, 2014

UK’s Cameron wants tougher EU Russia sanctions, defense sale ban

LONDON (Reuters) – The European Union should impose harder-hitting sanctions on Russia after the downing of a Malaysian airliner in Ukraine, British Prime Minister David Cameron said on Monday, advocating an EU ban on future sales of military equipment to Moscow.

The 28-nation EU has been under pressure from the United States and Ukraine to take a harder line on Russia, but some EU governments are wary of potential retaliation from Moscow, the bloc’s biggest energy supplier.

Jul 21, 2014

Cameron wants tougher EU Russia sanctions, defence sale ban

LONDON (Reuters) – The European Union should impose harder-hitting sanctions on Russia after the downing of a Malaysian airliner in Ukraine, British Prime Minister David Cameron said on Monday, advocating an EU ban on future sales of military equipment to Moscow.

The 28-nation EU has been under pressure from the United States and Ukraine to take a harder line on Russia, but some EU governments are wary of potential retaliation from Moscow, the bloc’s biggest energy supplier.

Jul 21, 2014

UK overhauls employee pension schemes, offers more flexibility

LONDON, July 21 (Reuters) – Britain published new rules for
private pensions on Monday which give retirees greater freedom
to spend their savings as they like, fleshing out reforms
announced earlier this year that shook the share value of
British insurers.

Finance minister George Osborne caught Britain’s pensions
industry by surprise in March when he scrapped a rule forcing
people to buy an annuity, a financial product which converts a
retiree’s pension pot into a guaranteed retirement income.

Jul 20, 2014

Britain to detail pensions overhaul with tax, annuity reforms

LONDON, July 21 (Reuters) – Britain will on Monday publish
new rules for the pensions industry giving retirees greater
access to their savings and free financial advice, fleshing out
reforms announced earlier this year that shook the share value
of British insurers.

Finance minister George Osborne caught Britain’s pensions
industry by surprise in March when he scrapped a rule forcing
people to buy an annuity, a financial product which converts a
retiree’s pension pot into a guaranteed retirement income.