Government Bonds Correspondent
William's Feed
Nov 1, 2013

RBS avoids break-up with 38 billion pound ‘internal bad bank’

LONDON (Reuters) – Royal Bank of Scotland is to create an internal “bad bank” to fence off its riskiest assets, part of a raft of measures designed to heal its relationship with the British government and speed up its eventual privatisation.

“I think it does make it easier to sell off the bank and get our money back,” Chancellor George Osborne told BBC radio, adding that a sell-off was unlikely to begin before the next election in 2015.

Nov 1, 2013

RBS avoids break-up with 38 bln stg ‘internal bad bank’

LONDON, Nov 1 (Reuters) – Royal Bank of Scotland is
to create an internal “bad bank” to fence off its riskiest
assets, part of a raft of measures designed to heal its
relationship with the British government and speed up its
eventual privatisation.

“I think it does make it easier to sell off the bank and get
our money back,” Finance Minister George Osborne told BBC radio,
adding that a sell-off was unlikely to begin before the next
election in 2015.

Oct 31, 2013

UK weighs introducing criminal sanctions against energy firms

LONDON, Oct 31 (Reuters) – Britain is considering
introducing criminal sanctions against energy firms that
manipulate the market at the expense of consumers, energy
minister Ed Davey said on Thursday.

The announcement follows decisions by four of the six
largest suppliers unveiling steep price rises.

Oct 31, 2013

Britain pledges public access to tax evasion-busting database

LONDON (Reuters) – British Prime Minister David Cameron is set to announce on Thursday that he will make public a new database of company ownership details designed to expose international money laundering and tax evasion schemes.

The plan advances Cameron’s efforts to push money laundering and tax evasion to the top of the global agenda, and follows up on a debate at a summit of eight of the world’s wealthiest states (G8) in June.

Oct 29, 2013

UK energy bosses blame politicians for price rises

LONDON (Reuters) – The six energy companies that dominate Britain’s energy market defended steep price hikes on Tuesday, blaming rising costs and political interference as a panel of lawmakers accused them of abusing their market position at consumers’ expense.

Lawmakers summoned energy company executives after four of Britain’s “big six” energy suppliers raised charges for heating homes by more than three times the rate of inflation, stirring a political debate about the cost of living and angering voters on the eve of winter.

Oct 29, 2013

British lawmakers to question energy bosses over price hikes

LONDON, Oct 29 (Reuters) – The bosses of Britain’s six major
energy suppliers will be questioned by lawmakers on Tuesday over
allegations they have abused their power by hiking electricity
and gas prices, in a dispute that could affect the next general
election.

Soaring energy bills have jumped to the top of the political
agenda in Britain since opposition Labour leader Ed Miliband
promised to freeze energy bills for 20 months if he wins power
in 2015, a proposal the government says is an empty gimmick.

Oct 29, 2013

MPs to question energy bosses over big price rises

LONDON (Reuters) – The chiefs of six companies accused of abusing their grip on Britain’s energy market will be questioned by MPs on Tuesday over escalating home electricity and gas prices in a dispute that could affect the next general election.

The issue of soaring energy bills has jumped to the top of the political agenda in Britain since Labour leader Ed Miliband promised to freeze energy bills for 20 months if his party wins the 2015 vote.

Oct 29, 2013

Lawmakers to question energy bosses over big price rises

LONDON (Reuters) – The chiefs of six companies accused of abusing their grip on Britain’s energy market will be questioned by lawmakers on Tuesday over escalating home electricity and gas prices in a dispute that could affect the next general election.

The issue of soaring energy bills has jumped to the top of the political agenda in Britain since opposition Labour leader Ed Miliband promised to freeze energy bills for 20 months if his party wins the 2015 vote.

Oct 29, 2013

British lawmakers to question energy bosses over big price rises

LONDON, Oct 29 (Reuters) – The chiefs of six companies
accused of abusing their grip on Britain’s energy market will be
questioned by lawmakers on Tuesday over escalating home
electricity and gas prices in a dispute that could affect the
next general election.

The issue of soaring energy bills has jumped to the top of
the political agenda in Britain since opposition Labour leader
Ed Miliband promised to freeze energy bills for 20 months if his
party wins the 2015 vote.

Oct 24, 2013

Cameron pledges energy review to cut “unacceptable” prices

LONDON (Reuters) – Prime Minister David Cameron sought to regain the initiative in a political battle over soaring energy prices on Wednesday, promising to improve competition in the sector and cut green taxes that have helped inflate prices.

His announcement caused a rift with his coalition partners, the Liberal Democrats, who dismissed it as a panicky policy that had been “made up on the hoof … by a party getting cold feet on the environment”.