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David Cameron

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  • King Admits Failing to ‘Shout’ About Risk Thursday, 3 May 2012 | 3:32 AM ET
    Governor of the Bank of England Mervyn King

    Repairing the economy and regulating banks is “the biggest challenge the Bank [of England] has faced for decades,” Sir Mervyn King said on Wednesday in a speech in which he conceded for the first time he should have “shouted from the rooftops” about risks before the financial crisis.

  • The First Electoral Test for UK Austerity Is Near Tuesday, 1 May 2012 | 3:35 AM ET
    David Cameron

    While the French presidential elections are drawing the attention of most in Europe, local elections in the UK, though unlikely to change the shape of Britain’s coalition government, could put pressure on its economic policy.

  • Live Blog: Rupert Murdoch Hits Back in Leveson Testimony Wednesday, 25 Apr 2012 | 9:51 AM ET
    News Corp. Chairman Rupert Murdoch looks down as he leaves the One Aldwych Hotel surrounded by his personal security team to speak with reporters after meeting with the family of murdered school girl Milly Dowler on July 15, 2011 in London, England.

    This is a live blog of the Leveson Inquiry, which was set up by Prime Minister David Cameron following the phone-hacking scandal plaguing News Corp.

  • Live Blog: James Murdoch Testifies on Phone-Hacking Tuesday, 24 Apr 2012 | 11:26 AM ET

    This is a live blog of the Leveson Inquiry in London, where James and Rupert Murdoch are appearing in front of the inquiry into media ethics in the UK, set up by Prime Minister David Cameron following the phone-hacking scandal plaguing News Corp.

  • UK Chancellor Looks at 100-Year Gilt Wednesday, 14 Mar 2012 | 4:16 AM ET
    George Osborne

    The UK chancellor aims to launch an “Osborne bond”—a 100-year debt issue or even a perpetual gilt that never matures—to take advantage of the country’s historically low interest rates, the Financial Times reports.

  • Sun Arrests Pile Pressure on Murdoch Media Empire Sunday, 12 Feb 2012 | 4:05 PM ET
    Rupert Murdoch

    Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that towards his business empire that he was forced to give up his closed its sister paper.

  • Hacking Cases Focus on Memo to a Murdoch Saturday, 11 Feb 2012 | 7:04 PM ET
    James Murdoch, son of Rupert Murdoch and Chairman and Chief Executive of News Corporation, Europe and Asia.

    A June 2008 e-mail to James Murdoch discussed in frank terms the scale of phone hacking at News International, The New York Times reports.

  • UK's Cameron Calls for Truce on Bonuses Saturday, 11 Feb 2012 | 7:46 AM ET
    David Cameron

    David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City and draw a line under weeks of public acrimony. The FT reports.

  • RBS Shake-Up Has Cost $60.5 Billion So Far Wednesday, 8 Feb 2012 | 2:43 AM ET
    The Royal Bank of Scotland Headquarters

    Stephen Hester has revealed that the dramatic restructuring of Royal Bank of Scotland has cost 38 billion pounds ($60.5 billion) in a rallying memo to staff days after the embattled chief executive waived a 1 million pounds bonus, the Financial Times reports.

  • Big Ben

    Herbert Hoover, you were right. That is the consensus of all right-thinking people on UK fiscal policy, writes Martin Wolf in the FT.

  • "Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."

  • Bank of England Governor Slams Bank Bonuses   Wednesday, 25 Jan 2012 | 5:20 AM ET
    Governor of the Bank of England Mervyn King

    The governor of the Bank of England said he would be willing to implement further rounds of asset purchases – also known as quantitative easing - in an effort to rebalance the UK economy and issued a stark warning to the financial sector ahead of bonus season in the City of London.

  • RBS Tests Cameron Resolve on Pay-Outs Thursday, 19 Jan 2012 | 4:10 AM ET

    David Cameron’s pledge to curb executive pay and stop “rewards for failure” is set to face its biggest test, as Royal Bank of Scotland prepares to offer a bonus of more than £1 million ($1.54 million) to its chief executive, even though the state-controlled bank’s share price has almost halved in a year, the Financial Times reports.

  • UK to Keep Its Triple-A Rating for Now: City Analysts Tuesday, 17 Jan 2012 | 4:37 AM ET

    The United Kingdom will retain its triple-A credit rating this year thanks to the Bank of England’s policy of quantitative easing and demand for UK gilts, City-based analysts told CNBC.

  • UK Already Back in Recession: Think Tank Monday, 16 Jan 2012 | 5:09 AM ET

    The United Kingdom is likely already back in recession and may see unemployment approach three million before the end of the year, economic think tank the Ernst & Young Item Club forecast on Monday.

  • Elections Could Change the Game in Europe in 2012 Friday, 30 Dec 2011 | 1:32 AM ET

    There was a wide-ranging change of the guard in Europe in 2011. In 2012, there could be an even bigger shift, with several key countries facing possible changes at the top.

  • Trans-Channel Dog Fight: Enough Is Enough Monday, 19 Dec 2011 | 10:22 AM ET

    The brawl has made for cracking entertainment. It's been a super-fun read. But it's time for government officials in the United Kingdom and France to shut their traps and get their heads back into the game of saving the euro zone's economy.

  • 'The Right Answer Was No Treaty': David Cameron Monday, 12 Dec 2011 | 11:41 AM ET
    David Cameron

    UK Prime Minister David Cameron on Monday defended his decision to veto European Union treaty changes at last week's summit of EU leaders, saying he was faced with a choice of treaty change without safeguards for Britain, or no treaty.  

  • UK Was Right to Say No to Treaty: Analysts Friday, 9 Dec 2011 | 5:52 AM ET
    David Cameron

    The UK had no choice but to opt out of further treaty changes and did the right thing by exercising its veto, analysts told CNBC Friday.

  • British Prime Minister Says UK Will Never Join Euro Friday, 9 Dec 2011 | 3:26 AM ET
    David Cameron

    British Prime Minister David Cameron is facing criticisms of leaving the UK isolated after he said he would not agree to a new European Union treaty.