BRIGHTON, England (Reuters) – The Labour party will on Monday promise an independent audit of its spending pledges in an attempt to convince sceptical voters ahead of the 2015 election that it can be trusted to run the economy.
Ed Balls, the man who could be Chancellor if Labour win the election, will argue that despite signs of a recovery Prime Minister David Cameron’s government is squeezing millions of voters because prices are rising faster than wages.
BRIGHTON, England (Reuters) – Britain’s opposition leader Ed Miliband accused Prime Minister David Cameron of stoking a cost of living crisis on Sunday, attempting to overcome dire poll ratings and convince sceptical voters that Labour can be trusted to run the economy.
Three years into his leadership, Miliband is under pressure from party activists to assert his authority and give a clearer idea of what he stands for after Labour’s lead over Cameron’s Conservatives narrowed.
BRIGHTON, England, Sept 22 (Reuters) – Britain’s opposition
leader Ed Miliband accused Prime Minister David Cameron of
stoking a cost of living crisis on Sunday, attempting to
overcome dire poll ratings and convince sceptical voters that
Labour can be trusted to run the economy.
Three years into his leadership, Miliband is under pressure
from party activists to assert his authority and give a clearer
idea of what he stands for after Labour’s lead over Cameron’s
LONDON (Reuters) – Scotland could have to pay more to borrow than Britain and sharply rein in spending if it votes for independence next year while still using the British pound as its currency, academic research released on Tuesday showed.
Wednesday will mark exactly one year until the Scottish population go to the polls on whether they want to remain part of a 306-year old union with Britain or go it alone as an independent state.
LONDON (Reuters) – Business minister Vince Cable warned the government against celebrating a return to stronger economic growth on Wednesday, pointing to the risk of a new housing bubble in an economy still recovering from the 2008 credit crisis.
Cable, a member of the Liberal Democrats, has often been a critic inside the government of Chancellor George Osborne, who declared earlier this week that his tough programme of austerity had proven the right course given signs the economy was picking up.
LONDON (Reuters) – Britain’s economy could get a boost worth 15 billion pounds per year from a new high speed rail network, a government-commissioned report showed on Wednesday, citing improved business productivity in the Midlands and the north of England.
High Speed Two (HS2), the government’s 42.6 billion pound flagship infrastructure project, has been criticised by business groups and lawmakers who question whether it will generate sufficient benefits to outweigh its rising cost.
LONDON (Reuters) – Britain, France and the United States will try to win support for a tough resolution on Syrian chemical weapons in the United Nations Security Council later on Tuesday, said British Prime Minister David Cameron.
Cameron had earlier said that the three countries would formally submit such a resolution later on Tuesday, but a British government source familiar with the matter told Reuters it would take a little longer before that could happen.
LONDON (Reuters) – Britain’s finance minister, George Osborne, said on Monday the UK economy had turned a corner and that its recovery was a vindication of his focus on fixing public finances.
He accused his political opponents of promising a “disastrous” change of course from the austerity he has imposed.
LONDON (Reuters) – Argentina’s ambassador to Britain said on Wednesday she had not meant to offend Prime Minister David Cameron when she called him “dumb” and his handling of the long-running dispute over the Falkland Islands “foolish”.
In an effort to draw a line under the latest spat in an ill-tempered feud between the two countries over the South Atlantic archipelago, she said her words had been taken out of context.
LONDON, Aug 20 (Reuters) – Britain’s government has come
under fire for abolishing a tax on top earners after data
released on Tuesday showed companies delayed paying employees
1.7 billion pounds ($2.66 billion) in bonuses until the tax cut
Bonuses are traditionally paid between December and March,
the so-called “bonus season”, but an Office of National
Statistics (ONS) report revealed that a number of companies
deferred payouts until April, after the top income tax rate was
reduced from 50 percent to 45 percent.