The U.K. will put "security first," the finance minister said. Plus, he scrapped plans to cut welfare payments to low-paid workers.» Read More
LONDON, Oct 7- Prime Minister David Cameron said on Sunday he would use Britain's veto to scupper European Union budget talks if necessary, warning the 27- nation bloc it needed to learn to live within its means. Cameron suggested the EU should split its budget into two- one for the euro zone and one for the countries outside the single currency, including Britain.
LONDON, Oct 7- Britain must find more spending cuts to reduce the budget deficit, Prime Minister David Cameron said on Sunday, after a return recession this year raised speculation the government was set to miss its deficit reduction targets.
BIRMINGHAM, England, Oct 7- British Prime Minister David Cameron on Sunday threatened to scupper European Union budget talks unless other members of the 27- nation bloc agree to "proper control" of spending, without specifying what would be an acceptable settlement for Britain.
*UK faces choice of deeper cuts or longer austerity. *UK will block aerospace merger if "red line" priorities not met.
By Gernot Heller BERLIN, Oct 6- EADS is continuing "constructive talks" with governments over its proposed $45 billion merger deal with BAE Systems and remains convinced that it is an excellent deal for Europe, a spokesman said on Saturday.
*Britain is due to hold election in 2015. LONDON, Oct 5- Presiding over a fractious coalition amid a recession and derided by critics as an "out of touch" snob, British Prime Minister David Cameron is under pressure to take on a resurgent opposition at his party's annual conference next week. We know we have got to turn it around, "one Conservative Party official said."
By Tom Bill and Chris Vellacott. LONDON, Oct 5- The love affair between the global super-rich and London property is souring as UK politicians tap into a mood of public resentment of the wealthy, with tax increases and rhetoric playing up their own humble origins.
LONDON-- London's mayor says the British government is risking economic catastrophe by not quickly expanding airport capacity. Under pressure to build a third runway at Heathrow, London's busiest airport, the government has ordered a review into airport capacity.
By Guy Faulconbridge and Matt Falloon. MANCHESTER, England, Oct 2- Britain's opposition leader Ed Miliband cast himself as a humble man of the people on Tuesday in a confident speech, seeking to win over doubters and portray Prime Minister David Cameron as the product of a snobby education who has hurt the economy.
In an attempt to cast himself as a humble alternative to Prime Minister David Cameron, UK opposition leader Ed Miliband will shortly unveil tax rises for the rich and measures to reform the British banking industry.
LONDON, Oct 1- The British government would be prepared to use its' golden share' to veto the proposed $45 billion merger between EADS and BAE Systems if the terms were not right for Britain, a defence ministry source said. Priorities for the British government include jobs and future security for BAE plants in Britain.
The new U.K. Business Minister, Michael Fallon, has promised a “drive to cut red tape” to boost business growth to help the country out of recession. For one ice cream man this can’t come soon enough.
Bad news for U.K. politicians clinging to the notion that the nation’s AAA debt rating indicates a clean bill of financial health. Morgan Stanley expects the British budget shortfall to earn the dubious distinction as Europe’s largest in 2013-14, surpassing even the deficit in troubled Greece.
Boris Johnson stole the show from David Cameron with a barnstorming speech at Mondays’ parade celebrating the sporting achievements of Britain’s Olympians and Paralympians, the FT reports.
Fast-growing technology companies would be allowed to float as little as 10 per cent of their business on the London Stock Exchange under proposals being weighed up by Downing Street, the Financial Times Reports.
The U.K. economy has got economists all a-flutter with a series of confusing data, causing more criticism of the coalition government’s policies as it prepares for a high-profile job swap.
How is it that the numbers of employed people are rising and unemployment claims are falling, while the UK economy is contracting? The Financial TImes reports
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Is the Olympic effect enough to turn GDP positive for the whole year? This will depend on the feel-good effect that arises after the games are over, writes Moorad Choudhry.
London Mayor Boris Johnson hit back at U.S. Presidential candidate Mitt Romney on Friday, saying the city was as prepared as ever for the Olympic Games.