Government Bonds Correspondent
William's Feed
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.

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.