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.
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 .
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. Border Agency staff and other Home Office workers plan to strike July 26, a day before the start of the London Olympics, as part of a dispute over job cuts, pay and the privatization of services, the Public and Commercial Services Union said.