Government Bonds Correspondent
William's Feed
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.

Aug 12, 2013

Britain weighs legal action against Spain on Gibraltar

LONDON (Reuters) – Britain warned Spain on Monday it might take legal action to try to force Madrid to abandon tighter controls at the border with the contested British overseas territory of Gibraltar in what it called an “unprecedented” step against a European ally.

The warning coincided with the departure of a British warship for Gibraltar, played down by the British and Spanish governments as part of a long planned, routine exercise but which underscored heightened tensions over the territory.

Aug 11, 2013

UK’s Royal Mail sell-off promotion plan angers postmasters

LONDON (Reuters) – Plans to use Britain’s post offices to promote a sell-off of the Royal Mail delivery service drew an angry backlash from branch managers on Monday, creating a new headache for ministers keen to start the privatization.

The state-owned Post Office, a branch network that sells stamps and other services, could ask its thousands of outlets to stock material explaining how the public can buy shares in Royal Mail, the separate postal delivery firm.

Aug 8, 2013

Britain catches one of ‘most wanted’ tax cheats, names 10 more

LONDON (Reuters) – British authorities said on Friday they had captured one of their ‘most wanted’ tax criminals and added 10 new names to a list of high-priority targets who are accused of cheating the government out of hundreds of millions of pounds.

Anthony Judge, who had spent 10 years in hiding after fleeing money laundering charges, was detained when trying to enter Britain on a forged passport on July 4, the finance ministry said.

Jul 31, 2013

Britain’s centuries-old Royal Mail eyes end of state control

LONDON (Reuters) – After three aborted privatization attempts in 19 years, Britain’s Royal Mail postal service looks closer than ever to a sale that would end almost five centuries of ties to the state.

But the centre-right coalition government must first convince investors, nervous lawmakers and a heavily unionized workforce still opposed to private ownership.

Jul 29, 2013

Britain losing battle against internet crime, MPs say

LONDON (Reuters) – Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of MPs said in a report on Tuesday.

The Home Affairs Committee, which scrutinises the government’s domestic policy, said the “state-of-the-art espionage response team” would encourage companies, banks and institutions to report hacking attempts to uncover the full extent of online crime and halt its rise.

Jul 29, 2013

Britain losing battle against internet crime, lawmakers say

LONDON (Reuters) – Britain is losing the battle against cyber crime and needs a new crack crime unit to fight the growing problem in cooperation with its global partners, particularly the European Union, a panel of lawmakers said in a report on Tuesday.

The Home Affairs Committee, which scrutinizes the government’s domestic policy, said the “state-of-the-art espionage response team” would encourage companies, banks and institutions to report hacking attempts to uncover the full extent of online crime and halt its rise.

Jul 23, 2013

U.S., Japanese companies lead foreign investment in Britain

LONDON (Reuters) – U.S. and Japanese companies led an increase in foreign investment in Britain in the year to March, a government report said on Wednesday.

As Britain attempts to revive its economy, the government has cut corporate tax rates to attract foreign firms and given more resources to the organisation which promotes trade and investment in Britain abroad.