Government Bonds Correspondent
William's Feed
Feb 16, 2014

Barroso ruffles Scottish feathers over EU membership

LONDON (Reuters) – European Commission President Jose Manuel Barroso said states breaking away from existing EU countries would struggle to gain EU membership, further complicating Scottish nationalists’ already uncertain plans for independence.

Barroso said in an interview on Sunday it would be nearly impossible for the European Union to grant membership to such states – days after the British government said an independent Scotland would not be able to keep sterling as its currency.

Feb 13, 2014

Partisan politics put UK climate change policy at risk-minister

LONDON, Feb 13 (Reuters) – Britain’s efforts to combat
climate change are in danger of disarray because “partisan
politics” may scare off investors, Energy Minister Ed Davey said
on Thursday.

Davey, a member of the junior coalition partner Liberal
Democrats, criticised both Prime Minister David Cameron’s ruling
Conservatives and the opposition Labour party for endangering
plans to reduce greenhouse gas emissions and encourage
investment in cleaner energy sources.

Feb 13, 2014

UK manufacturers’ group warns against ‘gamble’ on EU exit

LONDON (Reuters) – Britain’s membership of the European Union is too important to the country’s businesses to risk a public vote on the matter, the head of Britain’s largest manufacturing group said on Thursday, speaking against plans for a 2017 referendum.

Britain’s troubled relationship with Europe has been put up for renegotiation by Prime Minister David Cameron, who wants to make sweeping changes to the way the bloc works and then hold an in/out referendum if he wins a 2015 election.

Feb 11, 2014

Order! Order! Weekly parliamentary showdown turns off British voters

LONDON (Reuters) – A combination of too much noisy, childish behavior and too few straight answers at the weekly parliamentary grilling of Prime Minister David Cameron is putting British voters off politics, a political research group said on Tuesday.

The green benches of the debating chamber fill to capacity every Wednesday to hear Cameron field questions from the leader of the opposition Labour party and other lawmakers in what is often a raucous, ill-tempered 30 minutes of political jousting.

Feb 10, 2014

UK’s Liberal Democrats plan spending rise once deficit cleared

LONDON, Feb 10 (Reuters) – Deputy Prime Minister Nick Clegg
said on Monday he would raise public spending in line with
economic growth as soon as Britain’s public finances are back
under control, as he set out his party’s policies before a 2015
election.

Clegg, a Liberal Democrat and leader of the junior partner
in Britain’s two-party coalition, said he was committed to
balancing the country’s books by 2017-18. But he said that once
that target was achieved he wanted investment in schools, health
care and other services to rise as the economy grows.

Feb 10, 2014

Germany’s Merkel to visit UK as Cameron seeks EU reform backing

LONDON (Reuters) – German Chancellor Angela Merkel will discuss the future of the European Union with Prime Minister David Cameron on a visit to London this month, as Britain seeks support for a sweeping overhaul of EU treaties.

Cameron has yet to spell out all his proposals, but has made it clear he wants to curb immigration from new member states, cut red tape and improve competition.

Feb 6, 2014

Vote for independence and lose the pound – minister to Scotland

LONDON (Reuters) – Scotland would not be able to use the pound as its currency if it voted to break from the United Kingdom later this year, the British minister for Scotland said on Thursday, issuing the government’s strongest warning on the subject yet.

As Scots prepare to vote on whether to stay in the UK on September 18, Scottish nationalists are basing their post-independence economic plans on a currency union with Britain.

Feb 6, 2014

UK minister to Scotland: Vote for independence and lose the pound

LONDON (Reuters) – Scotland would not be able to use the pound as its currency if it voted to break from the United Kingdom later this year, the British minister for Scotland said on Thursday, issuing the government’s strongest warning on the subject yet.

As Scots prepare to vote on whether to stay in the UK on September 18, Scottish nationalists are basing their post-independence economic plans on a currency union with Britain.

Feb 5, 2014

RBS would move to London if Scotland breaks away – Cable

LONDON (Reuters) – Britain’s Royal Bank of Scotland (RBS.L: Quote, Profile, Research) would “inevitably” move its headquarters from Edinburgh to London if Scotland votes for independence later this year, Business Secretary Vince Cable said on Wednesday.

Scotland will hold a referendum in September on whether to end its 307-year union with England, with polls showing around 42 percent planning to vote against independence and 29 percent in favour.

Feb 5, 2014

RBS would move to London if Scotland breaks away -minister

LONDON, Feb 5 (Reuters) – Britain’s Royal Bank of Scotland
would “inevitably” move its headquarters from Edinburgh
to London if Scotland votes for independence later this year,
Business Secretary Vince Cable said on Wednesday.

Scotland will hold a referendum in September on whether to
end its 307-year union with England, with polls showing around
42 percent planning to vote against independence and 29 percent
in favour.