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Apr 12, 2015

PM Cameron’s inheritance tax cut will help only a few – Labour

LONDON, April 12 (Reuters) – British Prime Minister David
Cameron’s promise to cut an inheritance tax will help only a few
people, his Labour rivals said, with both parties competing on
tax and spending plans to win over voters in a May 7 election.

The future of Britain’s $2.8 trillion economy lies at the
heart of what is expected to be the closest election in decades.
Cameron’s Conservatives and Labour, led by Ed Miliband, hold
starkly different views on how to cut the country’s deficit and
spend the proceeds of its steady economic recovery.

Apr 12, 2015

Labour pledge 7.5 billion pound tax avoidance clampdown

LONDON (Reuters) – Britain’s opposition Labour Party on Sunday pledged a clampdown on tax avoidance which it says would raise 7.5 billion pounds ($10.97 billion) per year, seeking to tap voter anger over perceived unfair tax rules to help win a close May 7 election.

Labour announced the plan a day before it launches its election manifesto, setting out the policies which party leader Ed Miliband hopes will win over enough voters to oust Conservative Prime Minister David Cameron in what is expected to be the closest national ballot in decades.

Apr 10, 2015

In British election, nationalists may seize nearly all Scottish seats

LONDON (Reuters) – A forecast on Friday showed Scottish nationalists could take nearly all the parliamentary seats in Scotland in the British election on May 7, potentially giving a party that wants to leave the United Kingdom huge influence at the heart of power.

Less than seven months since they lost a referendum on independence, the nationalists hope the likely failure of Prime Minister David Cameron’s Conservatives and the opposition Labour Party to win an overall majority will put them in a kingmaker position.

Apr 10, 2015

In UK election, Scottish nationalists may win 53 out of 59 Scottish seats

LONDON, April 10 (Reuters) – Scottish nationalists could win
53 out of 59 seats in Scotland in the May 7 election, a
poll-based forecast showed on Friday, potentially giving a party
that wants to break apart the United Kingdom unprecedented
influence at the heart of British power.

Less than seven months since losing a Sept. 18 independence
referendum, nationalists hope the likely failure of David
Cameron’s Conservatives and the opposition Labour party to win
an overall majority will give them a kingmaker position.

Apr 9, 2015

Cameron’s Conservatives pledge to renew nuclear submarine fleet

LONDON (Reuters) – Prime Minister David Cameron’s Conservative Party on Thursday promised to renew the country’s ageing nuclear submarine fleet if it wins a May 7 national election, hoping the issue could prove an electoral problem for their main Labour rivals.

Replacing the vessels carrying the Trident missiles — four Vanguard-class submarines — is expected to cost 20 billion pounds with a final decision on the renewal due to be taken in 2016.

Apr 9, 2015

UK PM Cameron’s Conservatives pledge to renew nuclear submarine fleet

LONDON, April 9 (Reuters) – Prime Minister David Cameron’s
Conservative Party on Thursday promised to renew the country’s
ageing nuclear submarine fleet if it wins a May 7 national
election, hoping the issue could prove an electoral problem for
their main Labour rivals.

Replacing the vessels carrying the Trident missiles — four
Vanguard-class submarines — is expected to cost 20 billion
pounds ($29.71 billion) with a final decision on the renewal due
to be taken in 2016.

Apr 8, 2015

Scottish nationalists to seek full fiscal autonomy from rest of Britain

LONDON (Reuters) – Scottish nationalists will try to wrestle full control over taxation and spending for Scotland from the British government if they win kingmaker position in the May 7 general election, their leader said on Wednesday.

Though Scots voted to stay part of the United Kingdom in a Sept. 18 referendum, the Scottish National Party (SNP) is hoping to harness a surge in support ahead of a UK-wide election to win more powers from the government in London.

Apr 8, 2015

Labour plan to squeeze wealthy by scrapping tax loophole

LONDON (Reuters) – The Labour Party on Wednesday pledged to scrap tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if the party wins the general election on May 7.

The change would affect about 116,000 people who live in Britain but who currently are not required to pay tax on income earned abroad, unless they bring the money into the country, under the so-called non-domicile or “non-dom” tax rules.

Apr 8, 2015

Labour pledge to end ‘non domicile’ tax status

LONDON (Reuters) – The Labour Party on Wednesday pledged to scrap tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if the party wins a national election on May 7.

The change would affect about 116,000 people who live in Britain but who currently are not required to pay tax on income earned abroad, unless they bring the money into the country, under the so-called non-domicile or “non-dom” tax rules.

Apr 2, 2015

Big TV debate of British election campaign yields no clear winner

SALFORD, England, April 2 (Reuters) – The main TV debate of
Britain’s national election campaign yielded no clear winner on
Thursday with three opinion polls producing four different
winners, but David Cameron’s attempt to appear the most
statesman-like appeared to have paid off.

The event was staged less than six weeks before an unusually
close national election on May 7 as polls continue to suggest
Cameron’s Conservatives and Ed Miliband’s opposition Labour
Party are neck-and-neck with neither on track to win a majority.