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Politics David Cameron

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    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

    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.

  • London Stock Exchange

    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.

  • Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    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.

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    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

  • Governor of the Bank of England Mervyn King

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  • London Buses Rain

    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.

  • Tower Bridge and City of London financial district

    New figures showing the U.K’s growth domestic product falling by 0.7 percent in the second quarter from the first should be taken with a pinch of salt, and calls into account the credibility of this data, James Knightley, UK Economist at ING told CNBC.

  • David Cameron

    David Cameron was accused on Monday of doing the “hokey-cokey” after he insisted he wanted Britain to stay in the EU but refused to rule out an in-out referendum if he was not able to negotiate a better deal with Brussels, the Financial Times reports.

  • A detailed view of the prototype design of the new golden Olympic torch during its unveiling at St Pancras Station on June 8, 2011 in London, England. 8,000 torchbearers will carry the Olympic Flame around the UK during the 70-day relay, which starts at Land's End in Cornwall on May 19, 2012.

    As London braces itself for feared transport congestion when the Olympic Games start this month, the disruption looks set to hit an unexpected victim: the government bond market, the Financial Times reports.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The government appears to be taking the proposals of the Independent Commission on Banking, in the UK seriously and looks as if it may implement the majority of Sir John Vickers proposals, writes the Financial Times’ Martin Wolf.

  • British Sky Broadcasting plc (BskyB) operates Sky, a pay television broadcast service in the UK and Ireland, as well as providing broadband and telephony services. In addition to the third party channels available through the Sky platform, Sky also owns and operates over 25 channels with a portfolio spanning Entertainment, News, Movies and Sports channels such as Sky One, Sky News, Sky Arts, Sky Movies and Sky Sports.

    The Lib Dems are set to deliver a blow to coalition unity on Wednesday by refusing to back the embattled culture secretary Jeremy Hunt in a vote in the House of Commons, the Financial Times reports.

  • David Cameron

    British prime minister David Cameron faces the prospect of appearing for a full day at the Leveson Inquiry into press standards and ethics on Thursday, rounding off a week in which the elite of British politics will have given evidence into their dealings with the media.

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    George Osborne has been warned by Tory MPs not to use the euro zone crisis as “an alibi” for Britain’s poor economic performance and to step up supply-side reforms to promote growth, the FT reports

  • British Prime Minister David Cameron leaves 10 Downing Street on August 11, 2011 in London, England. Mr Cameron hosted a COBRA meeting and a cabinet meeting earlier this morning to discuss the current unrest that has spread across the country. Parliament has been recalled following four days of rioting across the UK.

    David Cameron will tell Angela Merkel on Thursday that she needs to act now to bring the eurozone back from the brink of disaster – a message likely to stoke irritation in Berlin and other eurozone capitals, the Finanical Times reports.

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    The Institute of Directors has endorsed a radical proposal that recommends replacing part of the UK tax system with a single income tax rate of 30 percent and reducing the government’s share of the national economy to one-third, the Financial Times reports.

  • David Cameron

    David Cameron, Britain’s prime minister, will on Thursday warn that the single European currency could unravel in a way that “carries huge risks for everyone” unless the eurozone’s 17 members move rapidly towards full fiscal and political union.

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    Plans to give shareholders more power over boardroom pay will be given centre stage in the Queen’s Speech, as highly paid executives face another week of lambasting from shareholders, the Financial Times reports.

  • David Cameron

    Voters in the United Kingdom punished the coalition government’s two political parties at local elections across the country on Thursday in what will be seen by many as a rejection of the government’s austerity.