U.K. Prime Minister David Cameron is trying to use the promise of a probe into Co-Operative Bank Plc to deflect criticism of the government’s supervision of the lender and score points off the opposition Labour Party.
Co-Operative Bank Plc’s merger with Britannia Building Society and its proposed purchase of branches of Lloyds Banking Group Plc were encouraged by government ministers, former Chairman Paul Flowers said.
Prime Minister David Cameron’s government argued that alternatives to its High Speed 2 rail plan would mean 14 years of closing train routes on weekends, as the opposition Labour Party suggested it could withdraw support for the plan.
Prime Minister David Cameron’s High Speed 2 rail plan for the U.K. drew further unease over costs from the opposition Labour Party, as a minister pledged the bill for the infrastructure project won’t increase.
U.K. Deputy Prime Minister Nick Clegg accused the opposition Labour Party of betraying the north of England by equivocating about its support for a planned high- speed rail line from London to Manchester and Leeds.