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  • LONDON, Feb 18- Britain's opposition Labor Party came under pressure to offer voters a membership referendum on leaving the European Union on Wednesday after a senior official quit over the issue and a major donor prepared to call for a policy U-turn. Unlike Conservative Prime Minister David Cameron, Labor has resisted offering such a referendum in the run-up...

  • LONDON, Feb 17- British company executives would overwhelmingly prefer Prime Minister David Cameron's Conservatives to win a national election on May 7, according to a poll published on Tuesday. Labour denies that charge, warning Conservative plans to hold a referendum on Britain's EU membership if re-elected are damaging for business.

  • UK elections: A coalition looks inevitable  Tuesday, 17 Feb 2015 | 4:40 AM ET

    In U.K. election polls, the Conservatives and Labour party are neck and neck, says James Knightley, UK economist at ING.

  • LONDON, Feb 14- A former boss of HSBC, Stephen Green, has stepped down from his position with a financial services lobby group after allegations that the bank helped people dodge taxes. Green, who is under increasing pressure over the HSBC revelations, quit as chairman of TheCityUK's advisory council, an unpaid position, the organization said on Saturday.

  • Hedge fund fight! UK riled up over tax rate on 1% Thursday, 12 Feb 2015 | 12:56 PM ET
    Labour leader Ed Miliband speaks to an audience at Haverstock school in Camden on February 12, 2015 in London.

    Hedge funds and the amount of taxes they pay are center stage in U.K. politics right now.

  • *HSBC Chairman Flint, HMRC CEO Homer set to testify. LONDON, Feb 12- British lawmakers plan to call up the bosses of HSBC and the tax authority, HMRC, to quiz them over allegations some clients of HSBC's Swiss private bank evaded tax. HSBC Chairman Douglas Flint and HMRC Chief Executive Lin Homer are expected to appear on Feb. 25 before the Treasury Committee of...

  • BRIGHTON, England, Feb 12- Britain's resurgent Greens are threatening the Labour Party's hopes for election victory in May even though the leftist environmentalists will probably capture no new parliamentary seats and could even lose the only one they hold. Ed Miliband's main opposition party is neck and neck with Prime Minister David Cameron's...

  • LONDON, Feb 11- An indecisive result in Britain's upcoming national election and weak wage growth present the biggest threats to the economic recovery, according to a Reuters poll of economists. But with a "hung parliament" in which no one party has enough seats to govern alone looking increasingly likely, 11 out of 27 economists said the outcome of the vote was the...

  • Swiss scandal haunts HSBC's former boss Stephen Green Tuesday, 10 Feb 2015 | 12:17 PM ET

    DUBLIN, Feb 10- The scandal at HSBC's Swiss private banking arm is particularly awkward for former executive chairman Stephen Green. But the leaking of a vast array of detail about how HSBC's Swiss-based private bank allegedly helped some wealthy clients to dodge taxes has raised questions how Green apparently failed to spot serious control and compliance...

  • LONDON, Feb 10- British government ministers were unaware that HSBC may have been involved in wrongdoing in its Swiss banking arm until the "last couple of days", a spokeswoman for Prime Minister David Cameron said on Tuesday. HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss...

  • ATHENS/ ISTANBUL, Feb 9- Greece and its euro zone partners engaged in brinkmanship on Monday, with leftist Prime Minister Alexis Tsipras insisting his country would not extend its reform-linked bailout and Germany saying it would get no more money without such a programme. Escalating the rhetoric, Greece's finance minister said the euro zone could collapse "...

  • NAUSEA, Germany/ ATHENS, Feb 9- The European Union's chief executive warned Greeks on Monday not to expect the euro zone to bow to leftist Prime Minister Alexis Tsipras' demands in a growing confrontation over Athens' debt crisis. Greek Finance Minister Yanis Varoufakis, who found scant support on a tour of European capitals last week for his plans to restructure...

  • LONDON, Feb 9- British Prime Minister David Cameron chaired a meeting with officials from the finance ministry and the Bank of England on Monday to plan for a possible Greek exit from the euro zone, a finance ministry source said. British finance minister George Osborne said on Sunday that Britain was stepping up contingency planning, and that the stand-off...

  • LONDON, Feb 9- Britain's opposition Labour Party said on Monday it would double the length of paid paternity leave for new fathers to a month if it wins a national election on May 7, a pledge that drew criticism from some business leaders. Labour, neck-and-neck with Prime Minister David Cameron's Conservatives in many opinion polls, said it would also boost...

  • LONDON, Feb 7- Britain's opposition Labour party will demand that British tax havens are put on an international blacklist unless they clamp down on tax avoidance, leader Ed Miliband said, promising action if he wins May's election. Miliband, whose party is level in the polls with Prime Minister David Cameron's Conservatives, said British self-governing...

  • *Liberal Democrats bidding for second stint in coalition. SHEFFIELD, England, Feb 5- Britain's Deputy Prime Minister has two battles to win by May. Nick Clegg's centrist Liberal Democrats will have been in coalition government with the centre-right, anti-welfare state Conservatives for five years when the next general election comes around.

  • UK 'public spending is relatively modest'  Wednesday, 4 Feb 2015 | 11:40 AM ET

    Discussing spending cuts in the U.K., Paul Johnson, director at IFS, says the difference in policy between Labour and the Conservatives hasn't been this wide since 1992.

  • *Strong new orders, jobs growth boosts UK firms- PMI. Survey signals quarterly UK GDP growth above +0.5 pct. A monthly survey by Markit/ CIPS of businesses in the dominant services sector suggested the economy as a whole is growing at a rate slightly above the 0.5 percent recorded in the final three months of 2014..

  • LONDON, Feb 4- Germany must relax its insistence on austerity and stoke domestic demand so struggling euro zone nations like Greece can grow their way out of crisis, the man who could be Britain's finance minister after May elections said. On Britain, the opposition Labor party's finance minister-in-waiting said Prime Minister David Cameron's planned...

  • LONDON, Feb 2- Dearly-loved and overburdened, Britain's national health system has become the top issue for voters ahead of May's election, after winter brought headlines of ambulances queueing outside hospitals and patients languishing on trolleys for hours. The NHS budget has been frozen in real terms for the past five years, an exemption from harsh...