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Apr 8, 2015

Labour plan to squeeze wealthy by scrapping tax loophole

LONDON (Reuters) – The Labour Party on Wednesday pledged to scrap tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if the party wins the general election on May 7.

The change would affect about 116,000 people who live in Britain but who currently are not required to pay tax on income earned abroad, unless they bring the money into the country, under the so-called non-domicile or “non-dom” tax rules.

Apr 8, 2015

Labour pledge to end ‘non domicile’ tax status

LONDON (Reuters) – The Labour Party on Wednesday pledged to scrap tax rules that allow wealthy individuals to legally reduce the amount of tax they pay on money earned overseas if the party wins a national election on May 7.

The change would affect about 116,000 people who live in Britain but who currently are not required to pay tax on income earned abroad, unless they bring the money into the country, under the so-called non-domicile or “non-dom” tax rules.

Apr 2, 2015

Big TV debate of British election campaign yields no clear winner

SALFORD, England, April 2 (Reuters) – The main TV debate of
Britain’s national election campaign yielded no clear winner on
Thursday with three opinion polls producing four different
winners, but David Cameron’s attempt to appear the most
statesman-like appeared to have paid off.

The event was staged less than six weeks before an unusually
close national election on May 7 as polls continue to suggest
Cameron’s Conservatives and Ed Miliband’s opposition Labour
Party are neck-and-neck with neither on track to win a majority.

Apr 2, 2015

Cameron set to face six rivals in UK election’s major TV debate

LONDON (Reuters) – Prime Minister David Cameron will face off against six political rivals on Thursday in the first and only full TV debate of Britain’s election campaign, hoping the format will allow him to cast himself as a statesman against squabbling pretenders.

The contest comes before an unusually close national election on May 7 in which neither Cameron’s Conservatives nor Ed Miliband’s Labour Party have a clear lead, leaving the stewardship of Britain’s $2.8 trillion economy in the balance.

Apr 1, 2015

First TV debate of UK election campaign to pit Cameron against six others

LONDON (Reuters) – Prime Minister David Cameron will face off against six political rivals later on Thursday in the first TV debate of Britain’s national election campaign, hoping the format will allow him to cast himself as a statesman against squabbling pretenders.

The contest comes before an unusually close election on May 7 in which neither Cameron’s Conservatives nor Ed Miliband’s Labour Party have a clear lead, leaving the stewardship of Britain’s $2.8 trillion economy in the balance.

Apr 1, 2015

Over 100 business bosses back Conservatives ahead of election

LONDON (Reuters) – Over 100 British company bosses publicly backed Prime Minister David Cameron’s Conservative-led government on Wednesday and warned a change of course for Britain’s economy under a Labour government would put the recovery at risk.

Opinion polls ahead of the May 7 election indicate neither Cameron’s Conservatives nor the opposition Labour Party will win an overall majority in the 650-seat parliament as millions of voters turn to once marginal parties.

Apr 1, 2015

Over 100 business bosses back PM Cameron’s Conservatives ahead of British election

LONDON (Reuters) – Over 100 British company bosses publicly backed Prime Minister David Cameron’s Conservative-led government on Wednesday and warned a change of course for Britain’s $2.8 trillion economy under a Labour government would put the recovery at risk.

Opinion polls ahead of the May 7 election indicate neither Cameron’s Conservatives nor the opposition Labour Party will win an overall majority in the 650-seat parliament as millions of voters turn to once marginal parties.

Mar 30, 2015

UK’s Labour bid to court business overshadowed by ad row

LONDON, March 30 (Reuters) – Britain’s opposition Labour
Party faced embarrassment on Monday as an attempt to woo
businesses ahead of a national election was overshadowed by a
backlash from some of the firms it featured in a newspaper
advert.

Campaigning for the May 7 vote — which, with the main
Conservative and Labour parties neck and neck in most polls,
looks set to be Britain’s most closely fought national election
in decades — began on Monday when parliament was dissolved.

Mar 27, 2015

Labour puts focus on healthcare at launch of British election campaign

LONDON (Reuters) – Opposition Labour leader Ed Miliband launched his bid to become Britain’s next prime minister on Friday with a plan to protect the treasured but expensive national health system and a swipe at businesses who profit from its privatisation.

Polls put Labour neck and neck with Prime Minister David Cameron’s Conservatives ahead of the May 7 vote. It is set to be the tightest election in a generation and the outcome could influence whether Britain leaves the European Union or Scotland launches a fresh bid for independence.

Mar 27, 2015

Fridman UK gas deal in limbo for weeks awaiting new government

LONDON (Reuters) – Russian oligarch Mikhail Fridman’s battle to salvage his North Sea gas fields purchase will take weeks if not months to resolve as the British cabinet has left it for the next government to take the decision, sources said.

Sources familiar with the discussions said the extent of the delay would depend on the outcome of the general election in May.