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.
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 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.
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.
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.
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.
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.
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
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.
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, 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.
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.
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.