Government Bonds Correspondent
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Jul 8, 2015

UK’s poorer families face cuts as Osborne reshapes welfare state

LONDON, July 8 (Reuters) – Britain’s poorer families will
have their welfare payments cut over the next five years as part
of finance minister George Osborne’s plans to rebalance public
finances.

Osborne used a much-anticipated budget announcement on
Wednesday to set out how he intends to reshape Britain into what
he called a low-tax, small-state economy following the
Conservative Party’s unexpectedly decisive victory at a national
election in May. av

Jul 7, 2015

Dream of better life in Britain fuels Calais migrant chaos

CALAIS/LONDON July 7 (Reuters) – Like many migrants drawn to
the French port of Calais, Ali, a 22-year-old Iraqi, is
convinced his life will be better if he can make it across the
30 km (20 mile) stretch of sea separating him from Britain.

“I know people in London, they can help me and it will be a
new life,” Ali said, speaking on the outskirts of a Calais
migrant slum. “It cannot be worse than in France.”

Jul 5, 2015

Unite backs left-wing lawmaker to lead Labour Party

LONDON (Reuters) – The British Labour Party’s biggest financial backer, trade union Unite, on Sunday backed left-wing lawmaker Jeremy Corbyn to be the party’s new leader.

Labour is searching for a new leader after Ed Miliband resigned in May on the back of the party’s heaviest election defeat in decades, when voters instead backed Prime Minister David Cameron’s centre-right Conservatives.

Jul 5, 2015

Britain’s Osborne says he has found 12 bln of welfare cuts

LONDON, July 5 (Reuters) – Britain’s finance minister George
Osborne on Sunday said he had found all 12 billion pounds of
welfare cuts he needs as part of his plan to balance the budget
by 2017/18, speaking ahead of his budget announcement on
Wednesday.

The budget is Prime Minister David Cameron’s Conservatives’
clearest chance in almost two decades to remould Britain into a
low-tax, small-state economy after an unexpectedly decisive
election victory.

Jul 5, 2015

Osborne says he has found 12 billion pounds of welfare cuts

LONDON (Reuters) – Chancellor George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current account deficit by 2017/18, speaking ahead of his budget announcement on Wednesday.

The budget is Prime Minister David Cameron’s Conservatives’ clearest chance in almost two decades to remould Britain into a low-tax, small-state economy after an unexpectedly decisive election victory.

Jul 2, 2015

Cameron asks MPs to mull UK air strikes on IS in Syria

LONDON (Reuters) – Prime Minister David Cameron asked lawmakers to consider whether Britain should join U.S.-led air strikes against Islamic State militants in Syria, but his spokeswoman said he hadn’t yet decided whether to push for a parliamentary vote on the issue.

Britain conducts regular attacks in neighbouring Iraq and flies drones over Syria to gather intelligence on the group. But unlike some other coalition partners it does not target Islamic State positions in Syria as Cameron failed to get the go-ahead from parliament to do that in 2013.

Jul 2, 2015

UK to give English MPs veto powers in parliament

LONDON (Reuters) – English lawmakers will be given a veto in Britain’s parliament over legislation that only impacts England, the government said on Thursday, removing the ability of Scottish lawmakers to have a decisive say on laws that do not affect them.

Decades-old grievances over imbalances in the way laws are made in Britain came to the fore last September after a last-ditch promise to hand powers to Scotland’s devolved parliament helped swing Scottish opinion in favour of keeping the United Kingdom together in a referendum.

Jul 1, 2015

UK weighs more action against IS in Syria after Tunisia attack

LONDON (Reuters) – Britain is considering whether it could and should do more to help defeat Islamic State militants in Syria after a deadly attack in Tunisia last week killed up to 30 of its nationals, a spokeswoman for Prime Minister David Cameron said on Wednesday.

As part of a U.S.-led coalition against IS, Britain conducts regular air strikes in neighboring Iraq and flies drones over Syria to gather intelligence on the militant group.

Jun 30, 2015

UK Labour faces lost decade unless trusted on economy – leader candidate

LONDON, June 30 (Reuters) – Britain’s Labour Party faces a
lost decade out of power unless it can convince voters it can
run the world’s fifth largest economy properly, Labour
leadership candidate Liz Kendall said on Tuesday.

After Prime Minister David Cameron defeated Labour’s Ed
Miliband May 7 election, the opposition party is searching a new
leader as it grapples with the reasons for its worst election
loss since 1987.

Jun 29, 2015

UK slams Argentine plan to seize Falklands oil driller assets

LONDON, June 29 (Reuters) – Britain on Monday accused
Argentina of a politically motivated and illegal attack on the
nascent oil industry around the disputed Falkland Islands, after
Buenos Aires said it would seek to seize the assets of drillers
operating in region.

On Saturday, a federal judge in Tierra del Fuego ordered the
seizure of $156 million in bank accounts, boats and other
property belonging to six European and U.S. oil companies
operating in the islands.