Government Bonds Correspondent
William's Feed
Apr 28, 2014

UK regulator says will not investigate Royal Mail sell-off

LONDON, April 28 (Reuters) – Britain’s financial regulator
will not investigate the government’s sale of Royal Mail
, it said on Monday, rejecting calls from lawmakers who
said a sharp rise in the firm’s share price should have set
alarm bells ringing.

Last October, Britain sold 60 percent of the postal firm at
330 pence per share, ending 500 years of state control and
raising 2 billion pounds ($3.36 billion) for the public purse.

Apr 25, 2014

AstraZeneca bid talk ‘a commercial matter’ – Osborne

CAMBRIDGE, England (Reuters) – Talk of a $100 billion bid by U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research) for its British rival AstraZeneca (AZN.L: Quote, Profile, Research) is “a commercial matter between the companies”, Britain’s chancellor George Osborne said on Friday.

Shares in Britain’s second biggest drugs group hit record highs this week on the bid speculation. Both companies have declined to comment on a weekend newspaper report that AstraZeneca spurned an approach from Pfizer earlier this year.

Apr 25, 2014

AstraZeneca bid talk ‘a commercial matter’: UK finance minister

CAMBRIDGE, England (Reuters) – Talk of a $100 billion bid by U.S. drugmaker Pfizer (PFE.N: Quote, Profile, Research, Stock Buzz) for its British rival AstraZeneca (AZN.L: Quote, Profile, Research, Stock Buzz) is “a commercial matter between the companies”, Britain’s finance minister George Osborne said on Friday.

Shares in Britain’s second biggest drugs group hit record highs this week on the bid speculation. Both companies have declined to comment on a weekend newspaper report that AstraZeneca spurned an approach from Pfizer earlier this year.

Apr 24, 2014

Britain’s Conservatives to end onshore wind farm subsidies

LONDON (Reuters)2 – British Prime Minister David Cameron’s Conservative party pledged to end government subsidies for onshore wind farms if it wins a national election next year, increasing uncertainty for investors in renewable energy.

Michael Fallon, a Conservative energy minister, said that onshore wind still had a role to play in helping Britain meet its energy needs and renewable energy targets but that the industry no longer required government subsidies.

Apr 24, 2014

Conservative party pledges to end wind farm subsidies

LONDON (Reuters) – Prime Minister David Cameron’s Conservative party on Thursday pledged to end government subsidies for onshore wind farms if it wins a national election next year, saying many voters did not want any more of them.

Conservative energy minister Michael Fallon said that onshore wind still had a role to play in helping Britain meet its energy needs and renewable energy targets, but that the industry no longer required government subsidies.

Apr 24, 2014

Britain’s Conservative party pledges to end wind farm subsidies

LONDON, April 24 (Reuters) – British Prime Minister David
Cameron’s Conservative party on Thursday pledged to end
government subsidies for onshore wind farms if it wins a
national election next year, saying many voters did not want any
more of them.

Michael Fallon, a Conservative energy minister, said that
onshore wind still had a role to play in helping Britain meet
its energy needs and renewable energy targets, but that the
industry no longer required government subsidies.

Apr 23, 2014

UK says breakaway Scotland would struggle to pay welfare bill

LONDON (Reuters) – Scotland will feel the strain of a rising welfare bill that could put vulnerable social groups at risk if voters choose to break away from Britain later this year, a British government study said on Thursday.

Ahead of a September 18 independence referendum, the British government’s campaign to keep a 307-year union with Scotland intact is battling to hold on to a shrinking poll lead over nationalists, who say that a split would give Scotland the freedom to create a fairer and more prosperous nation.

Apr 14, 2014

UK government study lends weight to Osborne’s case for tax cuts

LONDON (Reuters) – Chancellor of the exchequer George Osborne’s case for cutting taxes if his Conservative Party wins a 2015 election was bolstered on Monday when a government study said lower taxes would stimulate economic activity and partially offset a loss of revenue.

A reduction in the real rate of fuel duties, enacted in 2011 by the coalition government, will increase Britain’s economic output by 0.3 to 0.5 percent over the next 20 years, according to a government model which aims to better capture the full effects of changes in fiscal policy.

Apr 13, 2014

UK’s anti-EU party hits new high in poll ahead of Europe vote

LONDON (Reuters) – Voter support for Britain’s anti-European Union UK Independence Party (UKIP) is at a record high according to one opinion poll on Sunday, reflecting a wider pattern of growing support for the party ahead of European elections next month.

The rising popularity of UKIP, which calls for an immediate withdrawal from the EU and tighter immigration laws, threatens to split the vote for Prime Minister David Cameron at European parliament elections in May and a national election in 2015.

Apr 10, 2014

UK’s Cameron says rivals’ views on Europe ‘extremist’

LONDON (Reuters) – British Prime Minister David Cameron described rival parties’ views on the European Union as “extremist” on Thursday as he launched his bid to ward off a threat from an anti-EU party ahead of European Parliament elections.

Polls show the UK Independence Party (UKIP), which campaigns for tighter immigration rules and to leave the EU, could win the most votes in next month’s European vote, pushing Cameron’s Conservatives into third place behind the opposition Labour Party.