U.K. Business and Energy Minister Michael Fallon said he’s optimistic the U.S. will agree a free- trade deal with the European Union, adding that Barack Obama appears more positive about the idea than predecessors.
The Bank of England should start raising interest rates “gradually” now to combat inflation and prevent borrowing costs from rising too quickly in the future, Conservative lawmaker Michael Fallon said.
The British government’s decision to strip former Royal Bank of Scotland Group Plc Chief Executive Officer Fred Goodwin of his knighthood reflects a turning point for bankers as politicians and voters step up criticism of pay and performance.
U.K. finance minister George Osborne and Bank of England Governor Mervyn King will face scrutiny from Parliament’s Treasury Committee led by Conservative lawmaker Andrew Tyrie , who beat rival Michael Fallon to become chairman.
Prime Minister David Cameron said he plans to make it harder to apply for judge-led reviews of government decisions in the U.K., arguing the current system and other red tape are holding back projects needed to boost growth.
British Prime Minister David Cameron faced opposition calls to abandon his health-service revamp and cut sales tax as scrutiny of the coalition government’s deficit- cutting policy intensified before next month’s budget.
Andy Clarke, chief executive officer of Wal-Mart Stores Inc.’s U.K. Asda chain, ratcheted up pressure on the government to repeat this year’s extension of Sunday opening hours during an eight-week period of the summer.
U.K. inflation probably accelerated to the fastest pace in seven months in December, moving further above the government’s limit and increasing pressure on the Bank of England to raise its key interest rate.