Government Bonds Correspondent
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Dec 2, 2014

Government pilots hands-on homebuilding to help ease housing shortage

LONDON (Reuters) – The British government will pay contractors directly to build houses on a former military base in eastern England as it seeks ways to ease a housing shortage that has become a potent political issue.

Under a trial scheme announced on Tuesday, the government will commission the building of up to 10,000 new homes at the disused Royal Air Force base in Cambridgeshire. The new model, which effectively cuts out property developers, is designed to speed up the delivery of new homes.

Dec 2, 2014

UK pilots hands-on homebuilding to help ease housing shortage

LONDON, Dec 2 (Reuters) – The British government will pay
contractors directly to build houses on a former military base
in eastern England as it seeks ways to ease a housing shortage
that has become a potent political issue.

Under a trial scheme announced on Tuesday, the government
will commission the building of up to 10,000 new homes at the
disused Royal Air Force base in Cambridgeshire. The new model,
which effectively cuts out property developers, is designed to
speed up the delivery of new homes.

Dec 1, 2014

PM Cameron to China: Hong Kong ban on MPs ‘mistaken’

LONDON (Reuters) – Prime Minister David Cameron believes a Chinese decision to prevent a committee of British members of parliament visiting Hong Kong is mistaken and has only served to heighten concerns around the former British colony, his spokesman said on Monday.

On Sunday, the chairman of parliament’s foreign affairs committee said Chinese embassy officials had told him he and other British members of parliament would be refused entry to Hong Kong to undertake research related to an inquiry about progress towards democracy there.

Dec 1, 2014

UK’s Cameron to China: Hong Kong ban on lawmakers ‘mistaken’

LONDON (Reuters) – Prime Minister David Cameron believes a Chinese decision to prevent a committee of British lawmakers visiting Hong Kong is mistaken and has only served to heighten concerns around the former British colony, his spokesman said on Monday.

On Sunday, the chairman of parliament’s foreign affairs committee said Chinese embassy officials had told him he and other British lawmakers would be refused entry to Hong Kong to undertake research related to an inquiry about progress towards democracy there.

Nov 30, 2014

UK’s Osborne pledges pre-election healthcare funding boost

LONDON (Reuters) – British finance minister George Osborne announced a 2 billion-pound annual rise in healthcare spending on Sunday, seeking to counter attacks on his Conservative party’s handling of the health service six months before an election.

Prime Minister David Cameron’s center-right party lags the main opposition Labour party on the question of who is most trusted to protect the publicly funded National Health Service (NHS).

Nov 27, 2014

UK’s Osborne seeks sweet spot between budget pain and electoral gain

LONDON (Reuters) – British finance minister George Osborne will try next week to convince voters only he can be trusted to run the economy, delivering an uncompromising fiscal plan in a budget update six months before national elections.

Osborne will focus his Autumn Statement on Britain’s return to growth, while sketching out enough sense of economic danger to dissuade the electorate from supporting his rivals.

Nov 26, 2014

Royal Mail warns of threat to nationwide service

LONDON (Reuters) – Royal Mail warned that competition from rivals such as Whistl could make it financially impossible to fulfil its legal obligation to deliver mail across the whole country, six days a week.

The postal operator, formerly state-owned before it was privatised last year, is required by law to provide this so-called universal service at a uniform pricing tariff.

Nov 26, 2014

Britain’s Royal Mail warns of threat to nationwide service

LONDON, Nov 26 (Reuters) – Britain’s Royal Mail
warned that competition from rivals such as Whistl could make it
financially impossible to fulfil its legal obligation to deliver
mail across the whole country, six days a week.

The postal operator, formerly state-owned before it was
privatised last year, is required by law to provide this
so-called universal service at a uniform pricing tariff.

Nov 21, 2014

In class obsessed Britain, tweet of ‘white van’ man hits nerve

ROCHESTER England (Reuters) – Posting a picture on Twitter of a two-storey house, displaying three English flags of St. George and with a white tradesman’s van outside might seem innocuous to a foreign eye.

When a British politician appeared to sneer at the modest Rochester home of a ‘white van’ voter, she was vilified as a member of an arrogant London elite.

Nov 21, 2014

In blow to Cameron, Britain’s UKIP wins second parliamentary seat

GILLINGHAM/LONDON (Reuters) – Prime Minister David Cameron’s Conservatives lost a second parliamentary seat to the anti-EU UKIP in Britain on Friday, an embarrassing defeat that foreshadows a possible political upheaval in next year’s national election.

With distrust of mainstream parties and anxiety about immigration rising, UKIP, the UK Independence Party, comfortably beat Cameron’s party in a special election in the southeast English constituency of Rochester and Strood six months before what is shaping up to be a closely-fought national vote.