Government Bonds Correspondent
William's Feed
Jan 21, 2014

UK lawmakers criticise government over business lending schemes

LONDON, Jan 21 (Reuters) – Britain is failing to help
businesses borrow the cash they need in order to grow, a panel
of lawmakers said on Tuesday, criticising government schemes
designed to boost lending as ad-hoc and untargeted.

In Britain, as in much of the rest of Europe, the small and
medium-sized business sector is seen as a crucial component of
economic recovery, helping to create growth and jobs while
generating tax revenues to close the public deficit.

Jan 20, 2014

UKIP courts UK financiers ahead of elections

LONDON (Reuters) – The leader of Britain’s anti-EU party appealed to the financial services industry on Monday to back his campaign for a European Union exit, saying European politicians “loathed and despised” London’s dominance in the sector.

Seeking to boost support for his party ahead of elections to the European Parliament in May, Nigel Farage, the leader of the UK Independence Party (UKIP), said Euro MPs were so hostile to the British finance industry that the country would be better off leaving the 28-nation bloc.

Jan 20, 2014

Britain’s anti-EU party courts UK financiers ahead of elections

LONDON, Jan 20 (Reuters) – The leader of Britain’s anti-EU
party appealed to the financial services industry on Monday to
back his campaign for a European Union exit, saying European
politicians “loathed and despised” London’s dominance in the
sector.

Seeking to boost support for his party ahead of elections to
the European Parliament in May, Nigel Farage, the leader of the
UK Independence Party (UKIP), said Euro MPs were so hostile to
the British finance industry that the country would be better
off leaving the 28-nation bloc.

Jan 17, 2014

UK’s Labour pledges British bank branch selloff to tap voter mistrust

LONDON, Jan 17 (Reuters) – Britain’s biggest banks will be
forced to sell off branches to make room for new competitors if
the opposition Labour party wins the next election, leader Ed
Miliband said on Friday, aiming to create two new banks.

He said the move was designed to inject competition into the
sector.

With a general election in May next year, Britain’s
political parties are beginning to fire up policies designed to
be popular with voters. Miliband has already called for a freeze
on fuel bills, while the Conservatives are calling for a rise in
the minimum wage.

Jan 16, 2014

UK’s Labour pledges to force branch selloffs at big British banks

LONDON, Jan 16 (Reuters) – Britain’s banks will have to
shrink and sell off branches in order to improve competition if
Labour wins the next election, party leader Ed Miliband will
announce on Friday in a speech spelling out his agenda for
financial reform.

Miliband will pledge to break up the financial sector by
imposing a cap on the market share of personal banking and small
business lending that any single institution can have.

Jan 16, 2014

EU membership for Scotland by 2016 ‘implausible’ – Lidington

LONDON (Reuters) – Britain’s minister for Europe poured cold water on Thursday on the prospect of Scotland enjoying a swift, smooth accession to the European Union if Scottish nationalists win an independence referendum this year.

The warning, coming 244 days before Scots go to the polls to decide whether they want to remain part of Britain, marked the latest instalment of a campaign by the British government in London to keep a 307-year-old union with Scotland intact.

Jan 16, 2014

UK’s Cable says industrial sector faces energy cost crisis

LONDON, Jan 16 (Reuters) – UK business secretary Vince Cable
said on Thursday rising energy costs pose a major stumbling
block for the competitiveness of British industry, but stopped
short of offering new government initiatives to tackle the
problem.

Energy prices are high on Britain’s political agenda, but
most of the focus so far has been on households, even
though energy-intensive industries (EIIs) such as steel and
chemicals firms pay some of the highest bills in Europe.

Jan 15, 2014

UK’s Cameron ducks Labour call for RBS bankers’ bonus cap

LONDON (Reuters) – British Prime Minister David Cameron refused on Wednesday to answer a call to cap individual bank bonuses at the largely state-owned Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz), but said he would veto any increase in the bank’s overall pay pot.

Bankers’ pay leapt into British political focus ahead of the annual financial sector bonus season, when the opposition Labour party called on the government to block any attempt by RBS to pay its top staff bonuses worth twice their salary.

Jan 15, 2014

UK’s Cameron will veto any plan to increase RBS pay pot

LONDON, Jan 15 (Reuters) – British Prime Minister David
Cameron said on Wednesday he would block any proposal to
increase the overall pay and bonus bill at state-owned Royal
Bank of Scotland.

The opposition Labour party has called on the government to
oppose any plan by RBS to pay top staff bonuses worth twice
their salaries.

Jan 10, 2014

Britain’s Cameron accused of grandstanding over EU membership vote

LONDON (Reuters) – British Prime Minister David Cameron was accused on Friday of grandstanding to anti-Europe voters and caving in to euro-skeptic party members with his backing for a referendum on European Union membership.

Trailing in the polls before an election next year, Cameron has thrown his weight behind efforts to guarantee a referendum before 2017. The opposition Labour party is fighting the move.