U.K. spending plans unveiled last week increase certainty for companies to invest, Chief Treasury Secretary Danny Alexander said, as his Cabinet colleague Francis Maude signaled further government cuts.
Europe’s carbon emissions trading system risks failing unless significant changes are made, including an end to the bloc’s renewable energy target, according to a paper published today by a U.K. research group.
Britain’s Labour opposition sought to boost its standing on the economy by pledging to end benefits for wealthy pensioners as part of a “tough” program to reduce the budget deficit if it wins the 2015 general election.
The U.K. government is on course to save 8 billion pounds ($13 billion) in the current financial year as a result of efficiency improvements and better financial controls, Cabinet Office Minister Francis Maude said.
The funeral of Margaret Thatcher in two days time will feature her own choice of favorite hymns and poetry amid the pomp of the service in London’s St. Paul’s Cathedral and a procession with full military honors.