Home David Cameron, the Prime Minister, said that English local authorities would be allowed to receive all the business rates collected from shale gas schemes, not just the 50 per cent they’d expect. Total, a French company, said it would invest about £30 million in drilling two exploratory wells in Lincolnshire. To head off higher borrowing
Home George Osborne, the Chancellor of the Exchequer, made it clear in a speech that he intended to cut £25 billion after the next election, with about half of the savings coming from cuts in welfare payments. Nick Clegg, the Liberal Democrat Deputy Prime Minister, said that the means proposed were ‘unrealistic and unfair’ and showed
Home Six months of talks in Northern Ireland, chaired by Dr Richard Haass, a retired American diplomat, ended without resolving the contentious issues of flag-flying, sectarian parades or a policy on trying crimes committed during the troubles. Bus loads of Romanians and Bulgarians set off for London as restrictions on their right to work in Britain were
January David Cameron, the Prime Minister, said he wanted to ‘negotiate a new settlement with our European partners’, and that before the end of 2017 would ‘give the British people a referendum with a very simple in or out choice’. Gérard Depardieu hugged President Vladimir Putin at the Black Sea resort of Sochi as he
Home George Osborne, the Chancellor of the Exchequer, said that average energy bills would be brought £50 lower through government intervention to reduce the obligation of energy companies to subsidise insulation. The government also said it would cut subsidies for onshore wind turbines and solar energy, and increase those for offshore wind farms. David Cameron,
Home Alex Salmond, the First Minister of Scotland, outlined Scottish National Party plans for independence, which included keeping the pound and armed forces of 15,000, replacing the BBC with the Scottish Broadcasting Service and introducing random breath tests. The Ministry of Defence said it would investigate claims that in 1972 an Army plainclothes undercover unit
Home The government announced proposals for the National Health Service, including a law to criminalise wilful neglect by doctors and nurses, and a scheme to post online the numbers of nurses on wards. By the end of October, 219 households had seen work completed to insulate their houses under the government’s Green Deal, launched last
Home EDF Energy said it would put up prices by 3.9 per cent. BT Sport spent £897 million on the rights to show Champions League football for three years, provoking a 10 per cent fall in BSkyB shares. The rate of inflation fell from 2.7 per cent to 2.2, as measured by the consumer prices index; as measured
Home Three Police Federation representatives accused of giving misleading accounts of a meeting with Andrew Mitchell over the Plebgate scandal are to undergo a second investigation by the Independent Police Complaints Commission. Mohammed Ahmed Mohamed, 27, whose movements are restricted under a Terrorism Prevention and Investigation Measure (known as a T-Pim) went missing after changing
Home A storm passed over England, with plenty of warning. The strongest gust, of 99mph, was recorded at Needles Old Battery, Isle of Wight. Of 570,000 households that lost power, 160,000 were left without it by sunset. About 200 trees fell on railway lines. A crane collapsed on to the roof of the Cabinet Office
Home The government agreed a guaranteed price for electricity that persuaded a consortium led by the French-owned EDF Energy and including Chinese investors to agree to build the Hinkley Point C power station in Somerset. The strike price agreed was £92.50 per megawatt hour (compared with a current wholesale price of £45). Following an energy
Home Shares in Royal Mail, floated on the stock market at 330p, began trading at 475p. SSE, the energy supplier, raised prices by 8.2 per cent, and other suppliers were expected to follow suit. Ofwat, the water regulator, said it would block Thames Water’s request to increase bills by up to 8 per cent next
Home An issue of shares in Royal Mail was oversubscribed, pushing valuation well above initial forecasts of £3.3 billion. The IMF forecast British growth for 2013 to be 1.4 per cent; its estimate in July had been 0.9 per cent. The Commons Treasury select committee warned the Chancellor of the Exchequer that the government ‘Help
Home Shares in Royal Mail are to be sold by the middle of this month, before postmen can go on strike; the company is valued at between £2.6 billion and £3.3 billion. The Church Commissioners, an investment arm of the Church of England, became part owners of the resurrected Williams and Glyn’s bank which will
Home The General Medical Council said it was dropping cases against four doctors who worked at Stafford Hospital at the height of the scandal of neglect and abuse there. Bail until October was given to eight people, including five policemen, arrested during investigation of an incident last year in which Andrew Mitchell, the former chief
Home The government sold 6 per cent of Lloyds Banking Group to big investors for £3.2 billion. It still owns 32.7 per cent of the bank. Barclays published details of plans to raise £5.95 billion by issuing new shares. The Financial Conduct Authority warned Barclays of a £50 million fine for a deal with Qatari
Home George Osborne, the Chancellor of the Exchequer, said that the British economy was ‘turning a corner’, with ‘tentative signs of a balanced, broad based and sustainable recovery’. Unemployment fell to 7.7 per cent for the quarter May to July from 7.8 in the previous quarter. Jaguar Land Rover is to create 1,700 jobs at
Home Having recalled Parliament to debate British military action over Syria, David Cameron, the Prime Minister, found the government defeated, much to his surprise, by 285-272, thanks to 30 Conservatives and nine Liberal Democrats voting with the opposition. He immediately told the Commons: ‘It is clear to me that the British Parliament, reflecting the views
Home The nation settled down to watch the Paralympic Games on television. Some 2.5 million tickets had been sold for events. The government reconsidered building a third runway at Heathrow after all. Grant Shapps, the housing minister, said that ‘all options should be considered’, even though the Transport Secretary, Justine Greening, whose constituency is under
Home The cost of the HS2 railway line was expected by some in the Treasury to rise from £43 billion to £73 billion. The number of new homes being built in England rose by 6 per cent in the three months to June. The United Kingdom has lost more than 40 per cent of its
