Government Bonds Correspondent
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Mar 26, 2014

MPs vote to cap welfare spending despite political divides

LONDON (Reuters) – MPs from Britain’s three major parties on Wednesday voted to limit how much the government can spend on welfare, despite deep disagreement over the future of a social security system that accounts for almost a third of all government spending.

The 210 billion pound per year welfare spend has been the subject of fierce debate among political parties as the government tries to close its budget deficit and cut a 1.2 trillion pound national debt.

Mar 26, 2014

UK lawmakers vote to cap welfare spending despite political divides

LONDON (Reuters) – Lawmakers from Britain’s three major parties on Wednesday voted to limit how much the government can spend on welfare, despite deep disagreement over the future of a social security system that accounts for almost a third of all government spending.

The 210 billion pound per year welfare spend has been the subject of fierce debate among political parties as the government tries to close its budget deficit and cut a 1.2 trillion pound ($1.98 trillion) national debt.

Mar 25, 2014

UK’s Cameron wants more fracking after Crimea ‘wake-up call’

THE HAGUE (Reuters) – Energy independence and the adoption of technologies like shale gas fracking should top Europe’s political agenda, British Prime Minister David Cameron said on Tuesday, calling the Crimea crisis a “wake-up call” for states reliant on Russian gas.

Escalating East-West tensions over Russia’s seizure of Crimea from Ukraine have endangered the energy security of some European states, including Germany, who are heavily dependent on Russian gas supplies.

Mar 25, 2014

West, Russia signal line drawn in Ukraine crisis

THE HAGUE/MOSCOW, March 25 (Reuters) – Russia and the West
sought to draw a provisional line under the Ukraine crisis on
Tuesday after major industrialised nations warned Moscow of
tougher economic sanctions if it goes beyond the seizure of
Crimea.

After initially scoffing at a decision by the United States
and its allies to boycott a planned Group of Eight summit in
Sochi and hold a G7 summit instead without Russia, the Kremlin
said it was keen to maintain contact with G8 partners.

Mar 23, 2014

Britons sceptical of success in Cameron’s EU renegotiation bid

LONDON (Reuters) – Nearly three-quarters of Britons doubt that Prime Minister David Cameron will succeed in a bid to renegotiate the country’s relationship with the European Union, polling data released on Sunday showed.

The large-scale poll showed public opinion split on whether Britain should leave the 28-country bloc but highlighted widespread discontent among voters about the ways in which the country benefits from its EU membership.

Mar 21, 2014

UK budget may hit funding for infrastructure revamp

LONDON, March 21 (Reuters) – Britain’s government may have
damaged its own ambitions to revamp the country’s infrastructure
using private sector money after new economic policies hobbled a
key industry’s incentive to invest.

Policies announced on Wednesday in the annual budget
scrapping the requirement for millions of retirees to buy an
annuity with their savings has weakened a key pillar of business
strategy for the British life and savings industry.

Mar 14, 2014

Cameron urges Scots to heed business warnings on independence

LONDON (Reuters) – British Prime Minister David Cameron urged Scots on Friday to heed warnings from the head of the Bank of England and business leaders about the uncertain consequences of voting for independence in a referendum in six months’ time.

Cameron told the Scottish Conservative Party conference in Edinburgh that the government faced a “monumental battle” to keep Scotland as part of Britain at the September 18 referendum.

Mar 12, 2014

Cameron puts Iran on guard, sets out support for Israel

JERUSALEM (Reuters) – British Prime Minister David Cameron denounced Iran’s government as a “despotic regime” in a speech to Israel’s parliament on Wednesday and accused Tehran of making “despicable” efforts to arm Palestinian militants.

His address to the Knesset was staunchly pro-Israeli, and he delighted his hosts by claiming Jewish ancestral roots and talking tough on Iran, which is in negotiations with world powers on curbing its contested nuclear ambitions.

Mar 12, 2014

Britain’s Cameron puts Iran on guard, sets out support for Israel

JERUSALEM (Reuters) – British Prime Minister David Cameron denounced Iran’s government as a “despotic regime” in a speech to Israel’s parliament on Wednesday and accused Tehran of making “despicable” efforts to arm Palestinian militants.

His address to the Knesset was staunchly pro-Israeli, and he delighted his hosts by claiming Jewish ancestral roots and talking tough on Iran, which is in negotiations with world powers on curbing its contested nuclear ambitions.

Mar 9, 2014

Scotland complains over British handling of nuclear leak

LONDON, March 9 (Reuters) – A Scottish nationalist leader
accused Britain on Sunday of disrespecting the Scottish
parliament over its handling of a problem with a Scotland-based
nuclear reactor, stoking tension between London and Edinburgh
before an independence referendum.

Alex Salmond, the leader of Scotland’s devolved parliament,
demanded an apology from Prime Minister David Cameron after not
being told that an internal leak was found in 2012 at the
Dounreay site in Scotland where a test reactor identical to
those on Britain’s nuclear submarine fleet is housed.