Prime Minister David Cameron’s promise of a referendum on leaving the European Union is damaging investment in the U.K., Business Secretary Vince Cable will say in a renewed attack on his party’s coalition partners.
Mass immigration to Britain is due to a “wealthy metropolitan elite” who want cheap labor and services, Tory Home Office Minister James Brokenshire said, in a direct clash with his Liberal Democrat coalition partners.
Prime Minister David Cameron announced an increase in Britain’s minimum wage before it was formally agreed by his government, in a bid to stop his Liberal Democrat coalition partners taking the credit, according to a government official.
U.K. Independence Party leader Nigel Farage is ready to enter into coalition negotiations following the 2015 election with any party that offers a speedy referendum on the nation’s membership of the European Union.
Bank of England Deputy Governor Andrew Bailey was among U.K. regulators to meet Iain Lobban, the director of Government Communications Headquarters, to discuss how to protect key industries from cyber attack.
The last time U.K. mortgage approvals were this high, lender Northern Rock Plc hadn’t yet collapsed, Gordon Brown was prime minister, and U.S. investment banks Bear Stearns Cos. and Lehman Brothers Holdings Inc. were still in business.