Politics

MPs criticise UK arms sales to Russia as Cameron pledges no new exports

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LONDON - MPs on Wednesday queried why Britain had granted licences to sell tens of millions of pounds worth of arms to Russia, embarrassing Prime Minister David Cameron, who has called for a Europe-wide ban on such sales because of the Ukraine crisis.

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Britain plans new laws to prevent female genital mutilation 22 Jul 2014

LONDON - Britain will introduce new laws to combat female genital mutilation (FGM) including making it compulsory for teachers and health workers to report cases, Prime Minister David Cameron said on Tuesday.

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UK June public finances show government slipping off target 22 Jul 2014

LONDON - Britain's public finances showed a bigger than expected deficit in June, continuing a weak start to the tax year and leaving Chancellor George Osborne with a lot of catching up to do to meet his fiscal goals.

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Three new non-executive directors to join Bank of England 22 Jul 2014

LONDON - Three new non-executive directors have been appointed to the Bank of England's governing body, Britain's finance ministry said on Monday.

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UK offers more workers choice to cash in pension savings 21 Jul 2014

LONDON - Britain will give more workers a choice to cash in their pension savings, the government said on Monday, expanding reforms set out earlier this year that hit insurers' share prices.

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Britain to detail pensions overhaul with tax, annuity reforms 21 Jul 2014

LONDON - Britain will on Monday publish new rules for the pensions industry giving retirees greater access to their savings and free financial advice, fleshing out reforms announced earlier this year that shook the share value of British insurers.

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UK first-time homebuyers reach highest level since 2007 19 Jul 2014

LONDON - The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday.

Scottish separatists close gap on pro-union rivals - poll 18 Jul 2014

EDINBURGH - Scottish separatists are closing the gap on their unionist rivals as a September independence referendum draws nearer, according to a poll on Friday.

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UK's Cameron, EU's Juncker 'high five' and make up 17 Jul 2014

BRUSSELS - David Cameron shared a "high five" greeting with Jean-Claude Juncker on Thursday when the two men held their first private talks since the British leader's failed attempt to block the Luxembourger from becoming European Commission president.

UK coalition strained as Deputy PM likens Cameron's policies to Putin's 17 Jul 2014

LONDON - Strains in Britain's two-party coalition surfaced on Thursday as David Cameron's governing partner likened the prime minister's policies to those of Russian President Vladimir Putin and other "tyrants".

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UK banks have much to fear from latest probe

Britain’s top antitrust watchdog has warned lenders to expect a full-blown competition investigation. Forced divestments would be a surprising outcome. But given the persistence of concern in spite of past probes, investors should brace for radical, profit-sapping remedies.