Bank of England Governor Mervyn King will face questions on bonuses and tax policy from a “stony” audience at the Trades Union Congress today, according to the leader of Britain’s fifth-biggest labor union.
More than 30 miles of London’s highways became no-go zones for the public today when they were reclassified as “Games Lanes” for the Olympics, while a planned strike by airport immigration staff was called off.
U.K. Prime Minister David Cameron won the endorsement of bond investors and Fitch Ratings for the biggest budget squeeze in 50 years. The risk now is that voter discontent and a renewed economic slump foil his plans.
U.K. Justice Secretary Chris Grayling announced plans for a new super-prison holding as many as 2,000 inmates, saying six smaller jails will close in a drive to save 63 million pounds ($101 million) a year.
Public-sector workers in the U.K. may have to pay more toward their pensions and accept benefits based on average earnings rather than final salary, according to a report commissioned by Prime Minister David Cameron .