U.K. Prime Minister David Cameron will urge his Conservative Party to stick to its current course today after lawmakers raised doubts about his leadership and senior ministers openly questioned spending plans.
Business Secretary Vince Cable said the economic argument in the U.K. may have shifted in favor of debt-funded capital investment, with slow growth now a greater concern than a loss of market confidence.
Prime Minister David Cameron rejected suggestions that cutting taxes or increasing government expenditure would help Britain’s struggling economy, saying the risk of higher interest rates is too great.
U.K. Chancellor of the Exchequer George Osborne has lost the support of a group of economists who wrote an open letter before the last general election supporting his fiscal squeeze, the New Statesman reported.
Bank of England Governor Mervyn King runs the country’s central bank like a tyrant and his retirement should pave the way for a cleaning out and the introduction of fresh blood, former Monetary Policy Committee member David Blanchflower wrote in the New Statesman.
Images of the charred U.S. mission in Benghazi, Libya, flashed around the world as U.S. Secretary of State Hillary Clinton entered the Treaty Room in Washington and spoke about the deaths of four Americans there.
Nassim Nicholas Taleb , author of “The Black Swan,” said British Prime Minister David Cameron is “the only thing we have left” to build a more robust economy, in an interview with the New Statesman magazine.