Government Bonds Correspondent
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Jul 15, 2014

Britain chooses low-profile lawmaker for EU Commission job

LONDON (Reuters) – Prime Minister David Cameron on Tuesday nominated Jonathan Hill, a relatively unknown lawmaker who backs his leader’s European renegotiation strategy, to become Britain’s next European commissioner.

Cameron has promised to try to renegotiate Britain’s ties with the European Union and hold a membership referendum in 2017 if he wins a national election next year. Hill, a 53-year-old lord, is expected to play an important role in that process.

Jun 29, 2014

UK’s Labour look to shed ‘anti-business’ label with tax proposals

LONDON, June 29 (Reuters) – Britain’s opposition Labour
party will on Monday attempt to cast off accusations that its
left-leaning policies have made it ‘anti-business’ by proposing
tax changes designed to increase long-term investment and foster
greater competition.

Since Labour announced plans to force energy firms to freeze
their prices last September, businesses have become increasingly
concerned about how much political intervention they would face
if, as a narrow lead in opinion polls currently suggests, the
party wins an election next May.

Jun 29, 2014

First UK poll after Juncker battle shows rising support for EU exit

LONDON (Reuters) – Public support for Britain to leave the EU is growing again after falling to a multi-year low, according to the first survey published since EU leaders nominated Jean-Claude Juncker to become the next president of the European Commission.

British Prime Minister David Cameron openly campaigned to stop Juncker getting the top EU job, but last Friday lost the final vote by 26-2. [ID:nL6N0P815O] He warned at the time that choosing Juncker, an old-style EU federalist, would make it harder to keep Britain in the European Union.

Jun 25, 2014

Britain publishes draft laws fleshing out pensions reform

LONDON, June 26 (Reuters) – Britain took a step closer to
reforming pensions by publishing draft legislation on Thursday
that permits collective workplace pension schemes, despite
criticism of the plans by the industry.

The new rules, which were outlined earlier this year and
should become law before a general election next May, will allow
pension providers for the first time to pool the assets bought
by fund members to reduce risks and cut costs.

Jun 25, 2014

Britain pledges to fight for reform to EU financial lawmaking

LONDON, June 25 (Reuters) – Britain said on Wednesday it
would push the European Union to improve the way it sets
financial rules, promising to protect London’s role as a global
financial sector and demanding better assessments of the impact
of new regulations.

Nicky Morgan, newly-appointed minister in charge of
financial services, said she would lead a major drive to improve
the EU’s legislative process and pledged to keep on challenging
rules that Britain disagreed with.

Jun 20, 2014

UK seeks to delay EU decision on Juncker, says wants consensus

LONDON (Reuters) – Britain is trying to delay selection of a new European Commission President, British officials said on Friday, seeking further discussion of an alternative to the former Luxembourg premier Jean-Claude Juncker London sees as a bar to EU reform.

The effort comes days before a meeting of EU leaders in Belgium on Thursday and Friday. European diplomats say momentum is building to use the occasion to choose Juncker for one of Europe’s most influential policy jobs.

Jun 18, 2014

Premier Li says China’s economy won’t suffer hard landing

LONDON (Reuters) – Chinese Premier Li Keqiang said on Wednesday that China’s economy would not suffer a hard landing and would continue to grow at a medium to high pace in the long term without strong stimulus.

Li made the comments during a speech in London’s financial district on the final day of a visit which has yielded trade and investment deals worth 14 billion pounds ($23.76 billion) and strengthened Britain’s bid to become the dominant centre for the Western trade in offshore yuan CNH=.

Jun 18, 2014

Hard choice for British business – risk of EU exit or tougher regulation

LONDON, June 18 (Reuters) – When Britain elects a new
government in May next year, business faces a difficult choice:
Conservatives who could pull the country out of the European
Union, or Labour waving the threat of tougher regulation.

If the Conservatives are elected, major exporters and banks
fret that Britain’s EU membership could be in danger, posing
major risks to their role in Britain’s $2.5 trillion economy,
the world’s sixth largest.

Jun 17, 2014

Gas and currency deals cap Chinese premier’s first UK visit

LONDON, June 17 (Reuters) – Britain and China signed deals
on Tuesday worth more than 14 billion pounds ($23.5 billion)
during a visit by Chinese Premier Li Keqiang, with energy and
finance dominating the trade agenda.

In a trip aimed at deepening commercial ties between the
world’s second-largest economy and Europe’s financial capital
and drawing a line under a row over Tibet, Li met Queen
Elizabeth and held talks with Prime Minister David Cameron.

Jun 17, 2014

UK to re-open Iran embassy in diplomatic breakthrough

LONDON (Reuters) – Britain said on Tuesday it would re-open its embassy in Iran “within months,” after a hiatus of more than two and a half years, a diplomatic breakthrough that underscores the West’s desire to secure Tehran’s help in Iraq and elsewhere.

The move came after the United States, a close British ally, said it may launch air strikes and act jointly with arch-enemy Iran to shore up the Iraqi government, after a rampage by Sunni Islamist insurgents that has scrambled alliances in the Middle East.