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David Cameron

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  • *City growth would help generate 145,000 new jobs in London. A report commissioned by the City of London Corporation, which promotes London as a financial center, said the City generated 45 billion pounds in what it termed economic output in 2014, with that figure expected to grow by 16 billion in the next 10 years. "This report shows how vital the City's success is...

  • "In the UK, the real political uncertainty for our sector comes from the dual and interconnected possibility that the UK could leave the EU and that the UK could dissolve if Scotland voted to become independent," Evans said. Scotland's First Minister Nicola Sturgeon told British Prime Minister David Cameron on Tuesday he could provoke another independence...

  • The Markit/ CIPS UK Construction Purchasing Managers' Index rebounded in May to 55.9 in May from April's 22- month low of 54.2, above the 50 mark that denotes growth and beating a Reuters poll forecast of 55.0. "With a sustained period of policy uncertainty no longer on the horizon, business confidence surged back to its highest level since early 2006," said Tim...

  • LONDON— A prominent German lawmaker has cast doubt on British Prime Minister David Cameron's plans to fundamentally change the European Union, arguing that a two-year timetable is too short to resolve the legal issues needed for a treaty change. Norbert Roettgen, a senior member of Chancellor Angela Merkel's party, says creativity would be needed to address...

  • UK finance minister eyes extra 5 pct spending cuts Friday, 29 May 2015 | 10:37 AM ET

    LONDON, May 29- British finance minister George Osborne has asked most government departments if they can cut spending by an extra 5 percent this year ahead of an upcoming budget, as he seeks to erase the deficit in public finances. Prime Minister David Cameron's Conservatives unexpectedly won a slim majority in this month's national election, freeing them...

  • BERLIN— German Chancellor Angela Merkel sounded a conciliatory note Friday on Britain's efforts to renegotiate its relationship with the European Union, saying "when there is a desire there should be a way." The comments made alongside David Cameron came as the British prime minister wrapped up a whirlwind tour of four European capitals to press his case for...

  • LONDON, May 28- British Prime Minister David Cameron believes there is a strong case for a change of leadership at soccer's world governing body FIFA after the arrest of several senior officials on U.S. corruption charges, his spokesman said on Thursday. "He does think there's a very- in diplomatic speak- a very very strong case for a change of leadership," the...

  • LONDON, May 27- Sterling hit its weakest against the dollar since the aftermath of the UK's national elections on Wednesday, after a speech by Britain's queen to parliament set in motion a referendum on the UK's membership of the European Union. Sterling fell as much as 0.6 percent against the dollar to trade at $1.5301, its weakest since May 8- the day that it was...

  • LONDON, May 27- Sterling eased from a recent 2-1/ 2 month high against the euro on Wednesday, with investors awaiting the Queen's Speech which will outline the government plans for a referendum on European Union membership. Analysts have been flagging concerns about a possible "Brexit", and many say the risks to a UK economy that relies on inflows of investment and...

  • BERLIN, May 26- Germany and France have agreed plans to strengthen cooperation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leaders. The blueprint would bolster the 19- nation euro zone, of which Britain is not a member, by...

  • LONDON— Britain's prime minister on Monday outlined who will be allowed to vote in a referendum on whether or not the country should remain in the European Union, opting to exclude most voters from the 28- nation bloc who live in the U.K.. His plans also include a tour of European capitals to press his case that the EU needs to be reformed, hoping that the upcoming vote...

  • LONDON— With its classic red phone booth, pub, and medieval church, Harmondsworth's center looks quintessentially British. Harmondsworth is under threat because London and southeastern England need more airport capacity to meet the growing demands of business travelers and tourists. Heathrow and rival Gatwick, 30 miles south of central London, have offered...

  • LONDON— Britain's opposition Labour Party says it won't try to block a referendum on whether Britain should remain in the 28- nation European Union. The party's acting leader, Harriet Harman, offered support for the vote in a commentary in the Sunday Times— a U-turn on Labour's previous stance. However, Harman says Labour will still campaign hard to keep Britain...

  • "With the negotiations between Greece and the rest of the euro area at an impasse, an impatient German Chancellor Merkel has warned that an agreement must be reached before the end of the month," said Thomas Costerg, senior economist at Standard Chartered. Greece cannot make a payment to the International Monetary Fund due on June 5 unless foreign lenders...

  • LONDON, May 23- The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. British Prime Minister David Cameron, who was re-elected on May 7, has pledged to reshape Britain's ties with...

  • LONDON, May 23- The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. British Prime Minister David Cameron, who was re-elected on May 7, has pledged to reshape Britain's ties with...

  • *Meets handful of leaders on sidelines of summit in Riga. RIGA, May 22- British Prime Minister David Cameron said on Friday he was confident of winning concessions from European Union leaders before he asks voters whether Britain should stay in the bloc. After his Conservative Party won an unexpected majority in a May 7 election, Cameron is committed to...

  • *Yet sterling up solidly on the year, FTSE rides high. Neither risk materialized and the bounce in the pound after Prime Minister David Cameron's re-election with an unexpected outright majority could be viewed as a sign of investors' faith that he can weather the third of the trio- a vote on Britain's EU membership. "The market believes that whether now or later on...

  • *Yet sterling up solidly on the year, FTSE rides high. Neither risk materialised and the bounce in the pound after Prime Minister David Cameron's re-election with an unexpected outright majority could be viewed as a sign of investors' faith that he can weather the third of the trio- a vote on Britain's EU membership. "The market believes that whether now or later on...

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...