U.K. Prime Minister David Cameron promoted a Treasury minister, Sajid Javid, to the cabinet after Culture Secretary Maria Miller resigned over an expenses probe. It leaves Cameron with just three female cabinet members.
Some U.K. pension providers stunned by George Osborne’s budget say he’s putting the elderly at risk. The U.K.’s finance minister has also threatened one of the insurance industry’s key sources of domestic profit growth.
Chancellor of the Exchequer George Osborne will lay out a budget today focused on securing Britain’s economic recovery and rebutting opposition Labour Party claims that he’s ignoring the rising cost of living.
Chancellor of the Exchequer George Osborne plans to spur construction in his budget by extending the Help-to-Buy program for new homes to 2020 and fostering the expansion of a commuter town southeast of London.
The U.K. must focus on cutting delays in its high-speed-rail project and speed up some of the line’s stages to keep costs and uncertainty down, according to a report by HS2 Ltd. chairman David Higgins.
Ed Balls, treasury spokesman for the U.K. opposition Labour Party, offered an olive branch to Deputy Prime Minister Nick Clegg, saying he “understood totally” why the Liberal Democrat leader entered coalition with the Conservatives.
U.K. Education Secretary Ed Balls retained his seat in the House of Commons. He won 18,365 votes, compared with 17,264 for the Conservative Party candidate, according to the returning officer for the constituency.