LONDON (Reuters) – The government promised on Thursday to upgrade roads and carry out what it said was the biggest rail investment in more than 100 years as part of its strategy to get the economy growing again while also keeping a tight lid on spending.
A day after Chancellor George Osborne announced cuts to government budgets worth 11.5 billion pounds in the 2015/16 fiscal year, his deputy Danny Alexander detailed the Conservative-led coalition’s infrastructure plans.
LONDON, June 27 (Reuters) – Britain’s government promised on
Thursday to upgrade roads and carry out what it said was the
biggest rail investment in more than 100 years as part of its
strategy to get the economy growing again while also keeping a
tight lid on spending.
A day after finance minister George Osborne announced cuts
to government budgets worth 11.5 billion pounds ($17.64 billion)
in the 2015/16 fiscal year, his deputy Danny Alexander detailed
the Conservative-led coalition’s infrastructure plans.
LONDON (Reuters) – Chancellor George Osborne unveiled spending cuts on Wednesday to try to tame the country’s big public deficit, but promised to reinvest some of the money saved to counter criticism of excessive austerity.
In a speech to parliament, interrupted by jibes from Labour MPs, Osborne spelled out 11.5 billion pounds in cuts for the 2015/16 fiscal year, including steps to trim the welfare budget.
LONDON (Reuters) – British finance minister George Osborne unveiled a new round of spending cuts on Wednesday, but promised to pump some of the savings straight back into the economy to counter charges of excessive austerity.
In a speech to parliament interrupted by periodic jibes from opposition Labour party lawmakers, Osborne spelled out 11.5 billion pounds ($17.8 billion) in cuts for the 2015/16 fiscal year.
LONDON, June 26 (Reuters) – Britain’s finance minister
George Osborne will unveil on Wednesday his plans for another
round of government spending cuts as he tries to keep his
deficit-reduction drive on track and free up cash for fresh
After weeks of tough negotiations that have strained
relations among ministers trying to protect their turf, the
Treasury clinched a deal at the weekend with hold-out
LONDON, June 16 (Reuters) – Andrew Tyrie is a Conservative
lawmaker, but this week fellow party member and finance minister
George Osborne will be taking a deep breath as Tyrie’s
cross-party committee on British banking reform unveils its
Osborne, who created the Parliamentary Commission on Banking
Standards after Barclays was found to have manipulated
global interest rate benchmarks, is expected to adopt many of
its recommendations to try to rein in risky banking practices.
LONDON, June 15 (Reuters) – Britain turned up the pressure
on other rich economies to clamp down on secretive money flows
at a summit next week by pressing its overseas tax havens into a
transparency deal and announcing new disclosure rules for
Prime Minister David Cameron wants to make progress on
closing global tax loopholes when he hosts a meeting of leaders
of the Group of Eight economies in Northern Ireland on Monday
LONDON (Reuters) – Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain’s own tax havens are world leaders.
Britain’s list of exotic Overseas Territories reads like an accountant’s dream menu for a cash-rich Russian oligarch with something to hide, while British lawyers lead the field as gatekeepers for elaborate global mazes of offshore trusts.
LONDON (Reuters) – Britain said on Tuesday it had secured billions of pounds of spending cuts at government ministries, but still faces an uphill struggle to agree further reductions equivalent to 80 percent of its 11.5 billion pound target.
Battling to reduce a big public deficit, chancellor George Osborne said seven government departments had agreed to cut between 8 and 10 percent from their 2015/16 budgets as part of a government spending review due to be announced on June 26.
GENEVA/LONDON, May 22 (Reuters) – The UK and French
governments will join a global initiative that will require oil
and mining firms to comply with new disclosure measures aimed at
tackling corruption, British Prime Minister David Cameron said
The Extractive Industries Transparency Initiative (EITI) has
stakeholders in the public and private sectors and requires
resource companies to disclose payments made to governments.