Government Bonds Correspondent
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Jun 25, 2014

Britain publishes draft laws fleshing out pensions reform

LONDON, June 26 (Reuters) – Britain took a step closer to
reforming pensions by publishing draft legislation on Thursday
that permits collective workplace pension schemes, despite
criticism of the plans by the industry.

The new rules, which were outlined earlier this year and
should become law before a general election next May, will allow
pension providers for the first time to pool the assets bought
by fund members to reduce risks and cut costs.

Jun 25, 2014

Britain pledges to fight for reform to EU financial lawmaking

LONDON, June 25 (Reuters) – Britain said on Wednesday it
would push the European Union to improve the way it sets
financial rules, promising to protect London’s role as a global
financial sector and demanding better assessments of the impact
of new regulations.

Nicky Morgan, newly-appointed minister in charge of
financial services, said she would lead a major drive to improve
the EU’s legislative process and pledged to keep on challenging
rules that Britain disagreed with.

Jun 20, 2014

UK seeks to delay EU decision on Juncker, says wants consensus

LONDON (Reuters) – Britain is trying to delay selection of a new European Commission President, British officials said on Friday, seeking further discussion of an alternative to the former Luxembourg premier Jean-Claude Juncker London sees as a bar to EU reform.

The effort comes days before a meeting of EU leaders in Belgium on Thursday and Friday. European diplomats say momentum is building to use the occasion to choose Juncker for one of Europe’s most influential policy jobs.

Jun 18, 2014

Premier Li says China’s economy won’t suffer hard landing

LONDON (Reuters) – Chinese Premier Li Keqiang said on Wednesday that China’s economy would not suffer a hard landing and would continue to grow at a medium to high pace in the long term without strong stimulus.

Li made the comments during a speech in London’s financial district on the final day of a visit which has yielded trade and investment deals worth 14 billion pounds ($23.76 billion) and strengthened Britain’s bid to become the dominant centre for the Western trade in offshore yuan CNH=.

Jun 18, 2014

Hard choice for British business – risk of EU exit or tougher regulation

LONDON, June 18 (Reuters) – When Britain elects a new
government in May next year, business faces a difficult choice:
Conservatives who could pull the country out of the European
Union, or Labour waving the threat of tougher regulation.

If the Conservatives are elected, major exporters and banks
fret that Britain’s EU membership could be in danger, posing
major risks to their role in Britain’s $2.5 trillion economy,
the world’s sixth largest.

Jun 17, 2014

Gas and currency deals cap Chinese premier’s first UK visit

LONDON, June 17 (Reuters) – Britain and China signed deals
on Tuesday worth more than 14 billion pounds ($23.5 billion)
during a visit by Chinese Premier Li Keqiang, with energy and
finance dominating the trade agenda.

In a trip aimed at deepening commercial ties between the
world’s second-largest economy and Europe’s financial capital
and drawing a line under a row over Tibet, Li met Queen
Elizabeth and held talks with Prime Minister David Cameron.

Jun 17, 2014

UK to re-open Iran embassy in diplomatic breakthrough

LONDON (Reuters) – Britain said on Tuesday it would re-open its embassy in Iran “within months,” after a hiatus of more than two and a half years, a diplomatic breakthrough that underscores the West’s desire to secure Tehran’s help in Iraq and elsewhere.

The move came after the United States, a close British ally, said it may launch air strikes and act jointly with arch-enemy Iran to shore up the Iraqi government, after a rampage by Sunni Islamist insurgents that has scrambled alliances in the Middle East.

Jun 17, 2014

Gas and currency deals crown Chinese premier’s UK visit

LONDON, June 17 (Reuters) – A $20 billion liquefied natural
gas deal and a move to strengthen London’s position in offshore
yuan trading will crown a visit by Chinese Premier Li Keqiang to
Britain on Tuesday.

In a trip aimed at burying a row over Tibet and deepening
commercial ties between the world’s second-largest economy and
Europe’s financial capital, Li met Queen Elizabeth and was due
to hold talks with Prime Minister David Cameron.

Jun 16, 2014

Britain smoothes visa process to tap lucrative Chinese tourist trade

LONDON, June 16 (Reuters) – Britain is overhauling its visa
system to make it easier for Chinese tourists and businesses to
visit the country, interior minister Theresa May said on Monday,
marking the start of a visit by Chinese Premier Li Keqiang.

Li arrived in London on Monday for a three-day official
visit which includes an audience with Queen Elizabeth and is
aimed at putting aside a recent history of political tension and
building closer trade and commercial ties.

Jun 9, 2014

UK schools report finds ‘campaign’ linked to Muslim extremism

LONDON (Reuters) – A culture of “fear and intimidation” exists in some British schools due to an alleged Muslim extremist plot, the top school inspector said on Monday, citing faith and gender segregation and funding misuse.

A government investigation, launched after an anonymous letter reported a campaign dubbed “Operation Trojan Horse”, found evidence of a drive to impose Muslim cultural norms in some schools in the central city of Birmingham, said Michael Wilshaw, head of the Ofsted schools inspectorate.