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David Cameron

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  • After "Hoovergate", EU torn over power-saving rules Monday, 15 Dec 2014 | 4:00 AM ET

    Now, fear of fuelling rage at Brussels bureaucracy, especially in Britain where critics branded the "Hoover ban" a foreign attack on consumer freedoms, is pushing new EU leaders to axe a host of planned regulations in proposals expected on Tuesday. Yet Jean-Claude Juncker's European Commission is also under pressure to keep rolling out more laws on the "...

  • Finance minister George Osborne has said he intends to balance Britain's budget over the coming years through spending cuts alone, a pledge which will be central to the campaign of Prime Minister David Cameron ahead of national elections in May. But S&P, the only major ratings agency not to have cut Britain's AAA rating, said the tax base might eventually need to...

  • Finance minister George Osborne has said that he intends to balance Britain's budget over the coming years without raising taxes. S&P-- the only major ratings agency not to have cut Britain's AAA rating-- said the tax base might need to widen. S&P also said Britain's economy would suffer if it left the European Union, something on which Prime Minister David...

  • HAPPISBURGH, England, Dec 12- Bryony Nierop-Reading has what she calls a million-dollar view from her clifftop property in east England, looking out over North Sea swells beyond a sandy beach where gulls wheel overhead. Her bungalow was demolished by the local council after a December 2013 storm bit a 33- foot chunk out of the cliff, leaving her home perched over a...

  • LONDON, Dec 12- Britain has all the right ingredients for an M&A boom, upbeat company bosses, a vibrant economy and a buoyant stock market, but dealmaking is lagging behind the rest of the world. In Britain, although M&A activity is up compared to 2013, it has been flat for the last five years. Ten years ago, dealmaking in Britain, Europe's financial hub and home to some of...

  • LONDON, Dec 4- Britain's public sector could "change beyond all recognition" by the end of the decade as a result of deep spending cuts planned by finance minister George Osborne for after May's election, a leading economic think tank said on Thursday. Spending adjusted for inflation in areas such as defense, policing and transport could be as much as 41 percent...

  • *Contrarians think the unthinkable, such as a China crisis. LONDON, Dec 4- The euro zone economy will grow just as fast as China's in 2015. Put two "contrarian" predictions together, and you get this startling scenario. As scenarios go, the prospect of the now feeble euro zone economy matching mighty China is at the outlandish end of the spectrum.

  • LONDON, Dec 4- British finance minister George Osborne needs to explain how he intends to make huge spending cuts in the coming years under his sweeping austerity plan, a leading economic think tank said on Thursday. Osborne was right to point to how he had already achieved big spending reductions over the past four years, and the planned future squeeze was not...

  • Osborne said he was sticking to his promise to put Britain's budget back in the black before the end of the decade, hoping that his approach to fixing the public finances will return Prime Minister David Cameron to power on May 7. Osborne said Britain's deficit would be bigger than previously expected in the current financial year and in 2015/ 16 before improving...

  • Five months before a national election, Osborne said Britain's deficit would fall to 5.0 percent of gross domestic product in the 2014/ 15 financial year. That compared with a forecast of 4.9 percent made in March by Britain's independent budget office. The slightly slower pace of improvement largely reflects how Britain's strong economic recovery has not...

  • But in London they play to sell-out crowds at top venues- one sign of how rising immigration is changing Britain's population and economy. For Clementine Bunel, a French concert promoter who moved to London to tap into its young and fast-growing international market, it's also a demonstration of how the borders between Britain and the rest of the world are...

  • LONDON, Dec 2- Britain will allow Northern Ireland to set its own level of corporation tax in a move which could help Prime Minister David Cameron to hold on to power after May's national election, the Financial Times reported on Tuesday. Northern Ireland shares mainland Britain's 21 percent corporate tax rate, much higher than a 12.5 percent rate across the...

  • LONDON, Nov 27- Britain agreed to further dismantle its highly centralised system of government on Thursday, striking a political deal to grant Scotland new tax-raising powers in a move critics fear could trigger the beginning of the end of the United Kingdom. The deal, unveiled on Thursday after an agreement between all the Scottish chapters of Britain's main...

  • LONDON, Nov 27- British finance minister George Osborne will try next week to convince voters only he can be trusted to run the economy, delivering an uncompromising fiscal plan in a budget update six months before national elections. Osborne will focus his Autumn Statement on Britain's return to growth, while sketching out enough sense of economic danger to...

  • LONDON, Nov 27- Britain's main political parties struck what they said was a historic deal to grant Scotland tax-raising powers and greater autonomy to try to satisfy disappointed separatists who lost an independence vote two months ago. The deal, which was unveiled on Thursday but will not be implemented until after a UK- wide parliamentary election next year,...

  • BIRMINGHAM, England, Nov 23- For some British Muslims, the path to jihad and the path to peaceful aid work can traverse much of the same terrain. From an office in Britain's second largest city, Waseem Iqbal and a friend are planning a trip to the Middle East. "How do you save innocents in Syria?

  • Election, EU uncertainty to add risk to British markets Thursday, 20 Nov 2014 | 12:07 PM ET

    *Markets not yet pricing in possible UK exit from EU. "You can draw parallels between what happened with the Scottish referendum and UK exit," said Themis Themistocleous of UBS Wealth Management. "If suddenly the polls started swinging towards UK exit you most probably see that reflected more in the market."

  • BRUSSELS/ LONDON, Nov 20- Britain's relations with the European Union took another knock on Thursday when its legal challenge to a limit on bankers' bonuses was rejected by an adviser to the bloc's top court. Britain, home to the City of London where most of the bankers hit by the cap are based, said the law would push up fixed pay and goes beyond the EU's powers, a...

  • G20's new growth plans suspiciously long in the tooth Tuesday, 18 Nov 2014 | 12:21 AM ET

    SYDNEY, Nov 18- As leaders of the world's 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800- plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be implemented. Australia, the hosts of the Group of 20 meeting, claimed credit for a year-long effort to get members...

  • *Russia at crossroads over Ukraine, more sanctions possible. BRISBANE, Australia, Nov 16- Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine. President Barack Obama accused Russia of...