UK Politics

  • Britain's Prime Minister Cameron gestures as he speaks at a news conference after the Eastern Partnership Summit in Riga

    British government ministers will have their pay frozen for another five years as the government tries to reduce the budget deficit, Prime Minister David Cameron said on Sunday. Cabinet ministers receive 134,565 British pound ($208,000) a year, including their parliamentary salary. Cameron's Conservatives, who won a surprise …

  • European Commission President Juncker speaks to Britain's Prime Minister Cameron before the Eastern Partnership Summit session in Riga

    Britain's opposition Labour Party will back Prime Minister David Cameron's plans to hold a referendum on the country's European Union membership by the end of 2017, its acting leader said on Sunday. Labour had fought this month's national election, in which it suffered a crushing defeat to Cameron's Conservatives, on the …

  • Analysis - The European centre-left's quandary By Mike Peacock - Reuters - Sun, May 24, 2015
    Ed Miliband gestures as he resigns as Britain's opposition Labour Party leader in London

    By Mike Peacock LONDON (Reuters) - A crushing election defeat for Britain's Labour party has laid bare the dilemma facing Europe's centre-left. Now they do -- to Syriza, the National Front, UKIP and Podemos to name but a few.

  • Bank of England confirms EU exit research after email misfire By William Schomberg - Reuters - Sat, May 23, 2015
    The Union Flag flies next to the European Flag outside the European Commission building in central London

    By William Schomberg LONDON (Reuters) - 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. The Guardian reported that an aide to a senior …

  • Vodafone hits 14-year high as M&A talk rumbles on By Alistair Smout and Lionel Laurent - Reuters - Fri, May 22, 2015
    A man walks past the London Stock Exchange in the City of London

    By Alistair Smout and Lionel Laurent LONDON (Reuters) - Britain's top share index hit its highest level in 10 days on Friday, driven by a jump in network operator Vodafone's shares, which hit a 14-year high on the back of potential merger activity. Markets also got a lift after data showed Britain's public sector budget …

  • Cameron launches EU reform drive, admits will not be easy By Kylie MacLellan and Adrian Croft - Reuters - Fri, May 22, 2015
    Britain's Prime Minister David Cameron delivers a speech on immigration at the Home Office in London

    By Kylie MacLellan and Adrian Croft RIGA (Reuters) - 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 …

  • Three strikes and you're not out - put those Brexit nerves on hold By Patrick Graham - Reuters - Fri, May 22, 2015
    London's financial district is seen behind the Thames Barrier late afternoon

    By Patrick Graham LONDON (Reuters) - Two-thirds of the way through a trio of political earthquakes that a year ago looked set to shake British business and markets, the best lesson gleaned by financial investors for part three is to hold their nerve. Stock, currency and bond markets have generally ridden calmly through …

  • British-based banks planning for EU 'no' stymied by lack of European office space By Sinead Cruise and Anjuli Davies - Reuters - Fri, May 22, 2015
    The Canary Wharf financial district is seen in east London

    By Sinead Cruise and Anjuli Davies LONDON (Reuters) - 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. Prime Minister David Cameron has promised to renegotiate Britain's relationship …

  • Factbox - Britain's EU demands, and how they might be handled By Alastair Macdonald - Reuters - Fri, May 22, 2015

    By Alastair Macdonald RIGA (Reuters) - David Cameron met his EU counterparts on Friday for the first time since his re-election two weeks ago ensured that Britain will have a referendum in the next couple of years on quitting the bloc. At an EU summit in Riga, Cameron repeated his intention to seek reforms in the Union …

  • RIGA (Reuters) - European Commission President Jean-Claude Juncker will travel to London on Monday for talks with Prime Minister David Cameron on British proposals for reform of the bloc, a British official said during an EU summit in Latvia. (Reporting by Kyle MacLellan; Writing by Alastair Macdonald; @macdonaldrtr)

  • Nationwide predicts higher house prices as profits rise By Matt Scuffham - Reuters - Fri, May 22, 2015
    A general view of a Nationwide building society branch in London

    By Matt Scuffham LONDON (Reuters) - Nationwide's Chief Executive Graham Beale said he expected Britain's housing market to be stronger this year after the UK's second-biggest provider of home loans reported a 32 percent rise in full-year profit. Nationwide also said Beale would step down in the summer of next year after …

  • European Commission President Juncker, Britain's Prime Minister Cameron and European Council President Tusk are seen before the Eastern Partnership Summit session in Riga

    A senior EU official said he did not expect unusually tough talks on Friday with David Cameron, who has brought his demands for reform of the bloc to a summit in Riga - because, he said, talking to the British prime minister was always difficult. "I don't expect a difficult debate with David Cameron today," Martin Schulz, …

  • A generic picture of a some British sterling money in coins and bank notes.

    Britain's public sector budget deficit narrowed more than expected in April, giving Chancellor George Osborne a boost as he renews his push to fix the country's public finances. The Office for National Statistics said public sector net borrowing, excluding state-controlled banks, totalled 6.8 billion pounds in April, down …

  • Britain's Prime Minister David Cameron delivers a speech on immigration at the Home Office in London

    British Prime Minister David Cameron will go to Berlin and Paris late next week for talks with German Chancellor Angela Merkel and French President Francois Hollande on European Union reform, a British official said on Friday. Newly re-elected Cameron will use a summit in the Latvian capital between the EU and six former …

  • Britain's Prime Minister David Cameron poses for a group photograph with newly-elected Conservative Party MPs, at the Houses of Parliament in London

    British Prime Minister David Cameron predicted "ups and downs" on Friday in European Union reform negotiations but said he was determined to give Britons a proper choice on a reformed EU in a referendum he has promised before the end of 2017. "There will be ups and downs. You'll hear one day this is possible, the next …