Government Bonds Correspondent
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Jun 7, 2015

Obama says stay, but some Cameron MPs prepare to back UK exit from EU

LONDON (Reuters) – More than 50 lawmakers in Prime Minister David Cameron’s Conservative Party launched a campaign to back Britain’s exit from the EU unless he can get it to adopt radical reforms, even as U.S. President Barack Obama argued in favor of staying.

Cameron, riding high after a surprise outright victory in last month’s parliamentary election, wants to claw back powers from the European Union before holding a referendum by the end of 2017 on whether Britain should stay or leave.

Jun 7, 2015

International flotilla rescues 5,900 from Mediterranean in a weekend

ROME/LONDON (Reuters) – An international rescue fleet plucked almost 5,900 migrants from rickety boats making the perilous sea crossing for North Africa to Europe on Saturday and Sunday, Italy’s coastguard said.

The British warship Bulwark assisted in picking up more than 1,000 refugees, including 10 pregnant women, the Ministry of Defense said.

Jun 7, 2015

More than 50 lawmakers from UK PM Cameron’s party ready to join EU exit campaign

LONDON (Reuters) – British Prime Minister David Cameron has been challenged by a group of over 50 lawmakers from his Conservative Party who are prepared to join a campaign backing Britain’s exit from the European Union unless he achieves radical changes in the bloc.

The lawmakers on Sunday launched a new political group called Conservatives for Britain (CfB), which will support Cameron’s bid for reform while urging an end to EU membership unless significant changes are achieved.

Jun 7, 2015

International effort underway to rescue 10 migrant boats

LONDON/ROME (Reuters) – British, Swedish, Spanish and Italian ships are currently en route to help about 10 migrant boats that called for assistance on Sunday, the Italian coastguard said, following the rescue of thousands of others in the Mediterranean this weekend.

The British warship HMS Bulwark launched a mission to rescue at least 500 migrants, the Ministry of Defence said in a statement. The MoD said a helicopter had identified four migrant vessels in distress.

Jun 7, 2015

More than 50 MPs from UK PM Cameron’s party ready to join EU exit campaign

LONDON (Reuters) – British Prime Minister David Cameron has been challenged by a group of over 50 members of parliament from his Conservative Party who are prepared to join a campaign backing Britain’s exit from the European Union unless he achieves radical changes in the bloc.

The MPs on Sunday launched a new political group called Conservatives for Britain (CfB), which will support Cameron’s bid for reform while urging an end to EU membership unless significant changes are achieved.

Jun 4, 2015

UK to sell Royal Mail stake, targets 1.5 billion pounds

LONDON (Reuters) – Britain will sell its 30 percent stake in postal operator Royal Mail, currently worth about 1.5 billion pounds, as it renews its drive to wipe out the budget deficit, Chancellor George Osborne said on Thursday.

The sale was announced alongside a further 3 billion pounds of debt-reduction measures as Osborne said he was redoubling his efforts to fix the public finances after his Conservative party’s surprise election win in May.

Jun 4, 2015

UK to sell Royal Mail stake, targets 1.5 bln stg

LONDON, June 4 (Reuters) – Britain will sell its 30 percent
stake in postal operator Royal Mail, currently worth
about 1.5 billion pounds ($2.3 billion), as it renews its drive
to wipe out the budget deficit, finance minister George Osborne
said on Thursday.

The sale was announced alongside a further 3 billion pounds
of debt-reduction measures as Osborne said he was redoubling his
efforts to fix the public finances after his Conservative
party’s surprise election win in May.

May 29, 2015

Cameron seeks to court Merkel in bid to reshape Britain’s EU ties

BERLIN (Reuters) – British Prime Minister David Cameron meets German Chancellor Angela Merkel on Friday in an attempt to gauge how far Berlin will go to keep the world’s fifth-largest economy inside the European Union ahead of a referendum on membership.

Cameron’s post-election tour of European capitals ends with a lunch at which he is likely to ask Merkel’s help in securing a deal of concessions that he could sell to a divided British public before the referendum by the end of 2017.

May 27, 2015

Britons to be asked in referendum to vote ‘Yes’ to stay in EU

LONDON (Reuters) – Britons will be asked to vote “yes” if they want to stay in the European Union when a referendum is held in the next two years, the government said on Thursday.

The question they will be asked on the ballot paper will be: “Should the United Kingdom remain a member of the European Union?”

May 22, 2015

UK lawmaker Tyrie set to lead bank scrutiny in parliament again

LONDON, May 22 (Reuters) – British lawmaker Andrew Tyrie is
on course to win a second term as head of a powerful panel in
parliament that scrutinises the work of the finance ministry,
the Bank of England and the London’s financial services
industry.

The influence and importance of the Treasury Select
Committee has risen since the 2007-09 financial crisis, when
more than 60 billion pounds ($93.7 billion) of taxpayer cash was
used to save banks and sharpened the focus on the failings of
bankers, politicians and regulators.