Government Bonds Correspondent
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Mar 14, 2014

Cameron urges Scots to heed business warnings on independence

LONDON (Reuters) – British Prime Minister David Cameron urged Scots on Friday to heed warnings from the head of the Bank of England and business leaders about the uncertain consequences of voting for independence in a referendum in six months’ time.

Cameron told the Scottish Conservative Party conference in Edinburgh that the government faced a “monumental battle” to keep Scotland as part of Britain at the September 18 referendum.

Mar 12, 2014

Cameron puts Iran on guard, sets out support for Israel

JERUSALEM (Reuters) – British Prime Minister David Cameron denounced Iran’s government as a “despotic regime” in a speech to Israel’s parliament on Wednesday and accused Tehran of making “despicable” efforts to arm Palestinian militants.

His address to the Knesset was staunchly pro-Israeli, and he delighted his hosts by claiming Jewish ancestral roots and talking tough on Iran, which is in negotiations with world powers on curbing its contested nuclear ambitions.

Mar 12, 2014

Britain’s Cameron puts Iran on guard, sets out support for Israel

JERUSALEM (Reuters) – British Prime Minister David Cameron denounced Iran’s government as a “despotic regime” in a speech to Israel’s parliament on Wednesday and accused Tehran of making “despicable” efforts to arm Palestinian militants.

His address to the Knesset was staunchly pro-Israeli, and he delighted his hosts by claiming Jewish ancestral roots and talking tough on Iran, which is in negotiations with world powers on curbing its contested nuclear ambitions.

Mar 9, 2014

Scotland complains over British handling of nuclear leak

LONDON, March 9 (Reuters) – A Scottish nationalist leader
accused Britain on Sunday of disrespecting the Scottish
parliament over its handling of a problem with a Scotland-based
nuclear reactor, stoking tension between London and Edinburgh
before an independence referendum.

Alex Salmond, the leader of Scotland’s devolved parliament,
demanded an apology from Prime Minister David Cameron after not
being told that an internal leak was found in 2012 at the
Dounreay site in Scotland where a test reactor identical to
those on Britain’s nuclear submarine fleet is housed.

Mar 9, 2014

Bank of England’s Carney faces grilling over foreign exchange scandal

LONDON, March 9 (Reuters) – Mark Carney faces probably his
toughest questioning so far as Bank of England governor next
week when lawmakers will seize on a foreign exchange scandal to
press their demands for tighter oversight of the central bank.

Carney arrived from Canada last July as an outsider with a
mandate to shake up the 320 year-old institution, from monetary
policy to its relationship with the powerful banks of the City
of London.

Mar 7, 2014

Alexander says Scotland split would put Scottish pensions at risk

LONDON (Reuters) – Scottish pensions would be put in danger if voters decide to split from Britain this year, a senior British minister will say on Friday in the government’s latest attempt to persuade Scots to reject independence.

Danny Alexander, second-in-command at the Treasury, will say pensions held with Scottish firms would not be protected by British state guarantees in the event of independence and that a new Scottish-only backstop for savers would be costly and less secure.

Mar 7, 2014

Britain says Scotland split would put Scottish pensions at risk

LONDON (Reuters) – Scottish pensions would be put in danger if voters decide to split from Britain this year, a senior British minister will say on Friday in the government’s latest attempt to persuade Scots to reject independence.

Danny Alexander, second-in-command at the finance ministry, will say pensions held with Scottish firms would not be protected by British state guarantees in the event of independence and that a new Scottish-only backstop for savers would be costly and less secure.

Mar 6, 2014

British coalition partners to trade barbs over immigration

LONDON (Reuters) – A deep rift in Britain’s two-party coalition government will be laid bare on Thursday when ministers from each party set out their opposing views on whether immigration is good or bad for the country.

Speaking at separate events on the same day, Conservative immigration minister James Brokenshire will say immigration is damaging Britain and must be reduced, while Liberal Democrat Business Secretary Vince Cable will declare himself “intensely relaxed” about migrants working and studying in the country.

Feb 20, 2014

Britain’s Osborne promises budget of “hard truths” to balance economy

LONDON/HONG KONG Feb 20 (Reuters) – British finance minister
George Osborne warned on Thursday he would deal with “hard
truths” about Britain’s unbalanced economic recovery in his
annual budget next month, emphasising a need for more
manufacturing exports.

He also said Britain was too reliant on consumer spending
and on the finance industry in London.

Feb 20, 2014

Osborne promises budget of “hard truths” to balance economy

LONDON (Reuters) – Chancellor George Osborne will promise on Thursday to deal with “hard truths” about Britain’s unbalanced economic recovery in his annual budget next month, emphasising a need for more manufacturing exports.

Speaking in Hong Kong en route to a G20 finance ministers’ meeting in Australia, Osborne’s speech is likely to be one of his last before he delivers his budget statement on March 19. The budget will be his final chance to meaningfully alter fiscal policy before a May 2015 election.