Government Bonds Correspondent
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Jan 15, 2014

UK’s Cameron ducks Labour call for RBS bankers’ bonus cap

LONDON (Reuters) – British Prime Minister David Cameron refused on Wednesday to answer a call to cap individual bank bonuses at the largely state-owned Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz), but said he would veto any increase in the bank’s overall pay pot.

Bankers’ pay leapt into British political focus ahead of the annual financial sector bonus season, when the opposition Labour party called on the government to block any attempt by RBS to pay its top staff bonuses worth twice their salary.

Jan 15, 2014

UK’s Cameron will veto any plan to increase RBS pay pot

LONDON, Jan 15 (Reuters) – British Prime Minister David
Cameron said on Wednesday he would block any proposal to
increase the overall pay and bonus bill at state-owned Royal
Bank of Scotland.

The opposition Labour party has called on the government to
oppose any plan by RBS to pay top staff bonuses worth twice
their salaries.

Jan 10, 2014

Britain’s Cameron accused of grandstanding over EU membership vote

LONDON (Reuters) – British Prime Minister David Cameron was accused on Friday of grandstanding to anti-Europe voters and caving in to euro-skeptic party members with his backing for a referendum on European Union membership.

Trailing in the polls before an election next year, Cameron has thrown his weight behind efforts to guarantee a referendum before 2017. The opposition Labour party is fighting the move.

Jan 7, 2014

Osborne wants more welfare cuts, provoking coalition row

LONDON (Reuters) – Chancellor George Osborne announced major cuts to Britain’s future welfare spending on Monday, spelling out the next phase of a push to fix public finances and straining ties within the coalition government.

With an election due in 16 months and the government facing calls to put more money in people’s pockets after years of austerity, Osborne rammed home his message that the only way to return the economy to health was to fix its finances.

Jan 7, 2014

Three quarters of Britons want less immigration – survey

LONDON (Reuters) – Over three quarters of Britons want a reduction in immigration, according to a survey published on Tuesday, highlighting public concern about a subject being fiercely debated between the country’s main political parties.

Immigration has become a key topic heading into a 2015 election, at which increased support for the anti-immigration UK Independence Party (UKIP) could hamper Prime Minister David Cameron’s Conservative Party.

Jan 6, 2014

Osborne wants more welfare cuts, provoking government coalition row

LONDON (Reuters) – The Chancellor announced major cuts to the country’s future welfare spending on Monday, spelling out the next phase of a push to fix public finances and straining ties within the coalition government.

With an election due in 16 months and the government facing calls to put more money in people’s pockets after years of austerity, George Osborne rammed home his message that the only way to return the economy to health was to fix its finances.

Jan 6, 2014

UK finance minister wants more welfare cuts, provoking government coalition row

LONDON, Jan 6 (Reuters) – Britain’s finance minister
announced major cuts to the country’s future welfare spending on
Monday, spelling out the next phase of a push to fix public
finances and straining ties within the coalition government.

With an election due in 16 months and the government facing
calls to put more money in people’s pockets after years of
austerity, George Osborne rammed home his message that the only
way to return the economy to health was to fix its finances.

Jan 5, 2014

Cameron promises pension protection to woo elderly voters

LONDON (Reuters) – Britain’s Prime Minister David Cameron promised on Sunday to protect pensioners’ income if his Conservative party wins the 2015 election, laying out his first manifesto spending pledge.

Coming at a time when Britain is facing years of cuts to public spending, the promise is designed to win the support of the country’s elderly – who polling data show are more likely to vote in elections than younger people.

Dec 20, 2013

Pakistan’s Musharraf in U.N. appeal to try to halt treason trial

LONDON (Reuters) – Lawyers for former Pakistan president Pervez Musharraf on Friday appealed to the United Nations to intervene and help prevent him being tried for treason, saying he faced a “show trial”.

Musharraf’s case, initiated by the Pakistani government, focuses on accusations that the former military leader breached the constitution when he imposed emergency rule in 2007.

Dec 20, 2013

Musharraf in U.N. appeal to try to halt treason trial

LONDON (Reuters) – Lawyers for former Pakistan president Pervez Musharraf on Friday appealed to the United Nations to intervene and help prevent him being tried for treason, saying he faced a “show trial”.

Musharraf’s case, initiated by the Pakistani government, focuses on accusations that the former military leader breached the constitution when he imposed emergency rule in 2007.