U.K. Prime Minister David Cameron is committed to the building of a high-speed rail line linking London to northern England, his spokesman said as evidence mounts that all-party support for the project is fracturing.
Business Secretary Peter Mandelson said the Communications Workers Union is dragging its feet over the introduction of new technology at Royal Mail Group Plc, preventing the company from modernizing and cutting costs.
As 1,100 managing directors from Barclays Capital descended on the Grosvenor House hotel near London’s Hyde Park in late September, they had more to celebrate than having successfully swallowed the North American unit of Lehman Brothers Holdings Inc. two years earlier. Their guy, Bob Diamond , the Massachusetts-born founder of Barclays Capital, had just been handed the top job at parent Barclays Plc in a sign of how he had transformed the 320-year-old British institution in his 14 years as investment bank chief, Bloomberg Markets magazine reports in its January issue.
Ex-British Prime Minister Gordon Brown was “very badly served” by aides who held “unbridled contempt” for his predecessor Tony Blair, the London-based Times said, citing an interview with former Business Secretary Peter Mandelson.
Former Business Secretary Peter Mandelson has caused a rift with Tony Blair in producing his memoirs about the New Labour era before the former prime minister’s own book is public, the Financial Times reported, citing a friend of Blair.
Former Prime Minister Gordon Brown “repeatedly and often angrily” rejected Chancellor of the Exchequer Alistair Darling ’s proposed economic forecasts, telling him to bring back better ones, former Business Secretary Peter Mandelson said in his memoirs.