Politics

Bank of England backs flagship government mortgage guarantee scheme

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LONDON, Oct 2 - The Bank of England gave a clean bill of health to Britain's controversial flagship mortgage guarantee scheme on Thursday, sparing the government from potential embarrassment in the run-up to a national election.

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Eyeing 2015 vote, Cameron pledges 7 billion pounds in tax cuts 4:46am BST

BIRMINGHAM England - Prime Minister David Cameron promised to hand almost half the British population a tax cut if re-elected next year, a pledge he hopes will win over millions of voters and refocus debate away from a schism inside his party over Europe.

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Eyeing 2015 vote, Cameron pledges 7 billion pounds in tax cuts 01 Oct 2014

BIRMINGHAM England - Prime Minister David Cameron promised to hand almost half the British population a tax cut if re-elected next year, a pledge he hopes will win over millions of voters and refocus debate away from a schism inside his party over Europe.

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Cameron to woo voters with healthcare spending pledge 01 Oct 2014

BIRMINGHAM England - British Prime Minster David Cameron will on Wednesday promise increased healthcare spending if voters re-elect him next year -- a political carrot aimed at balancing the stick of welfare cuts set out by his finance minister earlier in the week.

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Potential successors to Cameron position themselves before close election 30 Sep 2014

BIRMINGHAM England - Eight months before a tight election, the three main contenders to succeed Prime Minister David Cameron as leader of the Conservatives wooed potential supporters at the party's annual conference with starkly different pitches.

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British EU exit 'wouldn't break my heart', Cameron says 30 Sep 2014

BIRMINGHAM England - Prime Minister David Cameron said on Tuesday he would not be heartbroken if Britain left the European Union because he felt little attachment to a relationship he said was not serving British interests.

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UK economy picks up in second quarter, recovery pace revised higher 30 Sep 2014

LONDON - Britain's economy grew more quickly than previously thought in the second quarter and its recovery from the financial crisis has been less sluggish than first estimated, according to official figures that use a new way of calculating data.

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Osborne targets welfare for cuts in tough message to voters 29 Sep 2014

BIRMINGHAM England - Chancellor George Osborne spelled out plans for more spending cuts on Monday, betting that voters will accept his tough approach to fixing the economy and give an election victory to his Conservative Party next year.

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Osborne vows crackdown on tax-avoiding tech firms 29 Sep 2014

LONDON - British finance minister George Osborne said on Monday he was examining changes to clamp down on tax avoidance by multinationals which the government says are depriving Britain's public coffers of hundreds of millions of pounds each year.

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Bank of England to give verdict on government home loan scheme on October 2 29 Sep 2014

LONDON - The Bank of England said on Tuesday it would publish its verdict on the government's Help to Buy mortgage guarantee scheme on Oct. 2 and say whether it needs new powers to control the housing market.