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David Cameron

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  • Millions in UK Public Sector to Work Longer for Less Friday, 17 Jun 2011 | 5:34 AM ET
    A mass march in protest at government cuts sets off from Embankment on March 26, 2011 in London, England.

    The British government will confirm proposals to raise the retirement age of up to six million public sector workers by six years on Friday from 60 to 66.

  • Bank of England May Be Forced to Raise Rate: Economist Thursday, 16 Jun 2011 | 3:49 AM ET

    The UK consumer sector is “extremely challenging” but the Bank of England will probably be forced to raise interest rates later in the year, Adam Chester, chief economist at Lloyds Bank Corporate Markets told CNBC.

  • UK Government Backpedals on Welfare Cuts Monday, 13 Jun 2011 | 12:56 AM ET
    David Cameron

    Britain’s ruling coalition is to modify its plan for a rigid £26,000 annual cap ($42,190) on the total benefits that can be claimed by any household, amid fears it could force thousands of poor families out of their homes in London, the FT reports.

  • UK Prime Minister May be Forced into Cabinet Reshuffle Friday, 10 Jun 2011 | 10:49 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    The UK’s Prime Minister, David Cameron, is coming under increasing pressure to reshuffle his cabinet just days after returning to work from a two-week break.

  • BMW Gives Mini Boost to UK Automotive Sector Thursday, 9 Jun 2011 | 10:08 AM ET
    2008 Mini Cooper hardtop

    BMW will invest 500 million pounds ($818 million) in its UK factories as it prepares its manufacturing network for the rollout of its next-generation Mini.

  • Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The International Monetary Fund (IMF) has cut its growth forecast for the UK economy to 1.5 percent for 2011, but has said it continues to support the coalition government’s spending cuts.  

  • Strike and We'll Change the Law, UK Warns Unions Monday, 6 Jun 2011 | 6:42 AM ET

    The UK government will send a warning to unions Monday that it is prepared to change the law should it deem it necessary to avoid the threat of coordinated strikes.

  • Are UK Banks Healthy or Not? Analysts Clash Tuesday, 31 May 2011 | 7:03 AM ET
    A woman leaves a branch of Barclays Bank in central London, Monday, April 23, 2007. ABN Amro NV and Barclays PLC announced Monday they have agreed to merge, in the largest cross-border combination in European banking history. (AP Photo/Sang Tan)

    Investors should buy UK banks now while they are cheap as their share prices will rise significantly over the next two years, a report published by Societe Generale said; but other analysts contradicted this view because of the gloomy economic outlook.

  • No UK Rate Rise Until Recovery Secured, Bank Told Monday, 30 May 2011 | 6:10 AM ET
    Governor of the Bank of England Mervyn King

    The Bank of England (BoE) was warned by the British Chambers of Commerce (BCC) on Monday that raising interest rates before November risked damaging the recovery of the UK economy.

  • Cuts Threatening UK Economic Recovery: OECD Thursday, 26 May 2011 | 8:41 AM ET
    British Prime Minister David Cameron (L) and U.S. President Barack Obama hold a joint news conference in the East Room of the White House July 20, 2010 in Washington, DC.

    The Organisation for Economic Cooperation and Development (OECD) warned the British government on Thursday that it must ease the pace of deficit reduction or risk damaging the recovery of the UK economy.

  • Lend More or Be Taxed, UK Banks Told Friday, 20 May 2011 | 8:48 AM ET
    Britain's Prime Minister David Cameron (front 2nd Left) calls an end to a group picture with his new cabinet ministers in the garden of Number 10 Downing Street in London, England.

    The UK’s business secretary Vince Cable has warned Britain’s banks they could face new taxes if they fail to meet lending targets for small businesses under the government Project Merlin agreement.

  • UK Banks Face Dividend and Bonus Crackdown Wednesday, 18 May 2011 | 11:54 PM ET
    Tower Bridge and City of London financial district

    The FT reports future bonus and dividend payments by UK banks will depend upon convincing regulators the handouts will not dent capital reserves or undermine sound risk management, according to the head of the city watchdog.

  • 'The UK Will Need a Bailout Soon': Jim Rogers Friday, 6 May 2011 | 5:17 AM ET
    Jim Rogers

    Britain isn’t cutting its structural deficit by enough or doing it quickly enough and may need a bailout from its European partners, investor Jim Rogers told CNBC.

  • UK Votes on Reform – Should Investors Worry? Thursday, 5 May 2011 | 5:43 AM ET
    David Cameron

    A referendum on voting reform and local elections looks set to test the UK’s ruling coalition as analysts predict that the Liberal Democrats will be punished at the ballot box.

  • UK Prime Minister Would Veto Brown IMF Role Tuesday, 19 Apr 2011 | 7:47 AM ET
    Prime Minister Gordon Brown

    UK Prime Minister David Cameron ruled out any bid by former Prime Minister Gordon Brown to take the top job at the International Monetary Fund (IMF) on Tuesday, saying Brown was in denial about the economic crisis.

  • UK Austerity Message and Sterling Losing Appeal Tuesday, 12 Apr 2011 | 5:09 AM ET
    David Cameron

    “It’s the brave action of this government that has lifted our country out of the danger zone,” said UK Prime Minister David Cameron in a speech in Manchester on Monday.  The problem with this message  is the data just keeps getting worse.

  • UK's Cameron Wants Europe to Choose Growth  Thursday, 31 Mar 2011 | 1:49 AM ET
    David Cameron

    David Cameron is to write to European Union leaders urging them to adopt a British plan for growth, at a time when some officials fear he is in danger of being sidelined in a two-speed Europe, the Financial Times reports.