Government Bonds Correspondent
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Mar 9, 2014

Bank of England’s Carney faces grilling over foreign exchange scandal

LONDON, March 9 (Reuters) – Mark Carney faces probably his
toughest questioning so far as Bank of England governor next
week when lawmakers will seize on a foreign exchange scandal to
press their demands for tighter oversight of the central bank.

Carney arrived from Canada last July as an outsider with a
mandate to shake up the 320 year-old institution, from monetary
policy to its relationship with the powerful banks of the City
of London.

Mar 7, 2014

Alexander says Scotland split would put Scottish pensions at risk

LONDON (Reuters) – Scottish pensions would be put in danger if voters decide to split from Britain this year, a senior British minister will say on Friday in the government’s latest attempt to persuade Scots to reject independence.

Danny Alexander, second-in-command at the Treasury, will say pensions held with Scottish firms would not be protected by British state guarantees in the event of independence and that a new Scottish-only backstop for savers would be costly and less secure.

Mar 7, 2014

Britain says Scotland split would put Scottish pensions at risk

LONDON (Reuters) – Scottish pensions would be put in danger if voters decide to split from Britain this year, a senior British minister will say on Friday in the government’s latest attempt to persuade Scots to reject independence.

Danny Alexander, second-in-command at the finance ministry, will say pensions held with Scottish firms would not be protected by British state guarantees in the event of independence and that a new Scottish-only backstop for savers would be costly and less secure.

Mar 6, 2014

British coalition partners to trade barbs over immigration

LONDON (Reuters) – A deep rift in Britain’s two-party coalition government will be laid bare on Thursday when ministers from each party set out their opposing views on whether immigration is good or bad for the country.

Speaking at separate events on the same day, Conservative immigration minister James Brokenshire will say immigration is damaging Britain and must be reduced, while Liberal Democrat Business Secretary Vince Cable will declare himself “intensely relaxed” about migrants working and studying in the country.

Feb 20, 2014

Britain’s Osborne promises budget of “hard truths” to balance economy

LONDON/HONG KONG Feb 20 (Reuters) – British finance minister
George Osborne warned on Thursday he would deal with “hard
truths” about Britain’s unbalanced economic recovery in his
annual budget next month, emphasising a need for more
manufacturing exports.

He also said Britain was too reliant on consumer spending
and on the finance industry in London.

Feb 20, 2014

Osborne promises budget of “hard truths” to balance economy

LONDON (Reuters) – Chancellor George Osborne will promise on Thursday to deal with “hard truths” about Britain’s unbalanced economic recovery in his annual budget next month, emphasising a need for more manufacturing exports.

Speaking in Hong Kong en route to a G20 finance ministers’ meeting in Australia, Osborne’s speech is likely to be one of his last before he delivers his budget statement on March 19. The budget will be his final chance to meaningfully alter fiscal policy before a May 2015 election.

Feb 20, 2014

UK’s Osborne promises budget of ‘hard truths’ to balance economy

LONDON (Reuters) – British finance minister George Osborne will promise on Thursday to deal with “hard truths” about Britain’s unbalanced economic recovery in his annual budget next month, emphasizing a need for more manufacturing exports.

Speaking in Hong Kong en route to a G20 finance ministers’ meeting in Australia, Osborne’s speech is likely to be one of his last before he delivers his budget statement on March 19. The budget will be his final chance to meaningfully alter fiscal policy before a May 2015 election.

Feb 19, 2014

Britain sets out new test to limit EU migrant benefits

LONDON, Feb 19 (Reuters) – Britain laid out new rules on
Wednesday designed to limit the access that migrants from other
European Union states have to the country’s welfare system.

British Prime Minister David Cameron is seeking to curb
immigration into Britain in an effort to quell concerns about
migrants entering the country to claim benefits, referred to as
‘benefits tourism’. The move may also stop voters defecting to
the anti-immigration UK Independence Party.

Feb 18, 2014

Britain to back plans for new oil and gas regulator -source

LONDON, Feb 18 (Reuters) – British ministers will next week
back plans for a new regulator to ensure North Sea oil and gas
firms squeeze the maximum economic benefit from Britain’s finite
natural resources, a government source said on Tuesday.

The North Sea is thought to contain billions of barrels of
hard-to-extract oil but with many platforms and pipelines coming
to the end of their working lives, time is running out to get at
them.

Feb 18, 2014

UK asks insurers to act swiftly on payouts after floods

LONDON, Feb 18 (Reuters) – British ministers demanded
insurance firms act swiftly to pay out cash to flood-hit homes
and businesses on Tuesday as the government shifted focus from
the day-to-day management of severe flooding to coping with the
aftermath.

Parts of Britain have been under water since December after
a series of unusually heavy storms inundated large swathes of
the British countryside, flooding thousands of homes, damaging
transport links and shutting down businesses.