Government Bonds Correspondent
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Sep 22, 2013

Labour leader stakes future on cost of living election fight

BRIGHTON, England (Reuters) – Britain’s opposition leader Ed Miliband accused Prime Minister David Cameron of stoking a cost of living crisis on Sunday, attempting to overcome dire poll ratings and convince sceptical voters that Labour can be trusted to run the economy.

Three years into his leadership, Miliband is under pressure from party activists to assert his authority and give a clearer idea of what he stands for after Labour’s lead over Cameron’s Conservatives narrowed.

Sep 22, 2013

Britain’s Labour leader stakes future on cost of living election fight

BRIGHTON, England, Sept 22 (Reuters) – Britain’s opposition
leader Ed Miliband accused Prime Minister David Cameron of
stoking a cost of living crisis on Sunday, attempting to
overcome dire poll ratings and convince sceptical voters that
Labour can be trusted to run the economy.

Three years into his leadership, Miliband is under pressure
from party activists to assert his authority and give a clearer
idea of what he stands for after Labour’s lead over Cameron’s
Conservatives narrowed.

Sep 17, 2013

Independent Scotland may face higher borrowing costs – NIESR report

LONDON (Reuters) – Scotland could have to pay more to borrow than Britain and sharply rein in spending if it votes for independence next year while still using the British pound as its currency, academic research released on Tuesday showed.

Wednesday will mark exactly one year until the Scottish population go to the polls on whether they want to remain part of a 306-year old union with Britain or go it alone as an independent state.

Sep 11, 2013

No room for complacency over economic recovery – Cable

LONDON (Reuters) – Business minister Vince Cable warned the government against celebrating a return to stronger economic growth on Wednesday, pointing to the risk of a new housing bubble in an economy still recovering from the 2008 credit crisis.

Cable, a member of the Liberal Democrats, has often been a critic inside the government of Chancellor George Osborne, who declared earlier this week that his tough programme of austerity had proven the right course given signs the economy was picking up.

Sep 11, 2013

High-speed rail plan could add 15 billion pounds a year to economy

LONDON (Reuters) – Britain’s economy could get a boost worth 15 billion pounds per year from a new high speed rail network, a government-commissioned report showed on Wednesday, citing improved business productivity in the Midlands and the north of England.

High Speed Two (HS2), the government’s 42.6 billion pound flagship infrastructure project, has been criticised by business groups and lawmakers who question whether it will generate sufficient benefits to outweigh its rising cost.

Sep 10, 2013

UK’s Cameron pushes U.N. resolution on Syrian chemical arms

LONDON (Reuters) – Britain, France and the United States will try to win support for a tough resolution on Syrian chemical weapons in the United Nations Security Council later on Tuesday, said British Prime Minister David Cameron.

Cameron had earlier said that the three countries would formally submit such a resolution later on Tuesday, but a British government source familiar with the matter told Reuters it would take a little longer before that could happen.

Sep 9, 2013

UK’s Osborne hails growing economy, slams ‘disastrous’ Labour plans

LONDON (Reuters) – Britain’s finance minister, George Osborne, said on Monday the UK economy had turned a corner and that its recovery was a vindication of his focus on fixing public finances.

He accused his political opponents of promising a “disastrous” change of course from the austerity he has imposed.

Aug 21, 2013

Argentina says envoy to UK meant no offence to “dumb” Cameron

LONDON (Reuters) – Argentina’s ambassador to Britain said on Wednesday she had not meant to offend Prime Minister David Cameron when she called him “dumb” and his handling of the long-running dispute over the Falkland Islands “foolish”.

In an effort to draw a line under the latest spat in an ill-tempered feud between the two countries over the South Atlantic archipelago, she said her words had been taken out of context.

Aug 20, 2013

UK government criticised for tax cut as firms defer bonuses

LONDON, Aug 20 (Reuters) – Britain’s government has come
under fire for abolishing a tax on top earners after data
released on Tuesday showed companies delayed paying employees
1.7 billion pounds ($2.66 billion) in bonuses until the tax cut
took effect.

Bonuses are traditionally paid between December and March,
the so-called “bonus season”, but an Office of National
Statistics (ONS) report revealed that a number of companies
deferred payouts until April, after the top income tax rate was
reduced from 50 percent to 45 percent.

Aug 19, 2013

Britain detains partner of journalist linked to Snowden

LONDON (Reuters) – British authorities used anti-terrorism powers on Sunday to detain the partner of a journalist with close links to Edward Snowden, the former U.S. spy agency contractor who has been granted asylum by Russia, as he passed through London’s Heathrow airport.

The 28-year-old David Miranda, a Brazilian citizen and partner of U.S. journalist Glenn Greenwald who writes for Britain’s Guardian newspaper, was questioned for nine hours before being released without charge, a report on the Guardian website said.