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Showing posts with label David Cameron. Show all posts
Showing posts with label David Cameron. Show all posts
March 27, 2015
Election TV Debate Live: David Cameron Says He Could Not Live On Zero Hours Contract
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November 17, 2014
Cameron: World Facing Second Economic Crash
David Cameron has said that “red warning lights are flashing on the dashboard of the global economy” and a second global crash could be looming.
In a bleak assessment as the G20 summit draws to a close, the Prime Minister said there were early signs similar to those seen before the global recession six years ago.
There is a “dangerous backdrop of instability and uncertainty” with diplomatic, humanitarian and economic problems across the world, he warned, which potentially endanger Britain’s recovery.
Mark Carney, the Governor of the Bank of England, said hedge funds, private equity firms and other parts of the unregulated “shadow banking” world will face increased scrutiny over the possible risks that they pose to financial stability. » | Telegraph Reporter | Sunday, November 16, 2014
THE GUARDIAN: David Cameron: Red lights are flashing on the global economy: The G20 meeting in Brisbane made it clearer than ever to me that we in Britain must stick to our long-term economic plan » | David Cameron | Monday, November 17, 2014
November 10, 2014
Britain Will Not Remain in Europe 'Come What May', David Cameron Says
November 02, 2014
Germany Says UK Could Leave EU If David Cameron Insists On Migrant Quotas
Germany would be prepared to accept that Britain will have to leave the European Union if David Cameron insists on restricting the number of immigrants from the bloc who can live and work in the UK.
Mr Cameron’s bid to curb levels of migration from the EU is taking Britain to a “point of no return”, according to Der Spiegel.
Mr Cameron has said that he will reform Britain’s relationship with the EU before holding an in-out referendum in 2017.
The Prime Minister used his speech last month to the Tory Party conference to pledge to put reform of the freedom of movement principle would be "at the very heart of my renegotiation strategy for Europe".
However, Angela Merkel, the German chancellor, has said that she would not support any plans to change the freedom of movement rules that allow an unlimited number of EU migrants to live and work in the UK. Read on and comment » | Peter Dominiczak, Political Editor | Sunday, November 02, 2014
October 27, 2014
EU Threatens to Fine Britain unless It Pays £1.7billion Bill
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| David Cameron at the EU council headquarters, in Brussels |
Britain will risk its rebate and face significant fines if it refuses to meet a demand from the EU for an extra £1.7billion.
A furious David Cameron said at an EU summit on Friday he would not meet an "appalling" and unprecedented demand for an increase in Britain's contribution by the December 1 deadline.
However, Jacek Dominik, the interim EU Budget Commissioner, said Britain was "fully aware" that it had to meet the payment having been informed a week before the summit on October 17.
He said that Britain will "open a Pandora's box" if it fails to make the payment and put its £3billion-a-year rebate at risk. » | Steven Swinford, Senior Political Correspondent | Monday, October 27, 2014
February 16, 2014
David Cameron's Plans for EU Referendum Are 'Bad for the Economy', Mark Carney Warns
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| Mark Carney speaks on BBC's 'The Andrew Marr Show' |
David Cameron's plans for a referendum on Britain's membership of the European Union are "bad" for the economy and could hamper investment, the governor of the Bank of England has warned.
Mark Carney said that the prospect of a referendum will create "uncertainty" for businesses and mean that they "hold off" on investment.
He compared the referendum, which is due to be held in 2017, to the near collapse of the banks and the financial crisis in the Eurozone.
His intervention is likely to prove embarrassing to Mr Cameron, who has pledged to reform Britain's relationship with the European Union before an in/out referendum in 2017. » | Steven Swinford, Senior Political Correspondent | Sunday, February 16, 2014
January 24, 2014
Davos 2014: EU Needs 'Conservative Common Sense', Insists David Cameron
January 23, 2014
Cameron: UK's Economic Recovery Will Need 'Patience'
Speaking at the World Economic Forum in Davos, the prime minister said that the economy needs rebalancing.
He said: "In the case of Britain we need to rebalance our economy and make sure it's a north and south recovery - manufacturing as well as services."
But Mr Cameron said that economic recovery will take "patience".
He added that the government needs to deal with "excessive deficits and our broken banking system", but he was confident that the UK could attract investment and manufacturers. » | Thursday, January 23, 2014
October 31, 2013
Cameron Unveils Islamic Bond
He told the World Islamic Economic Forum (WIEF) in London, "Britain is a country ready to welcome your investment, a country that values your friendship, and will never exclude anyone because of their race, their religion, their colour or their creed."
Under Islamic rules, no interest can be charged; transactions must be based on a real trade; and they must not involve gambling or alcohol.
October 29, 2013
David Cameron Unveils Plans to Make London a Mecca for Middle East Wealth
David Cameron has announced plans to encourage investment in the UK by Muslim countries, saying he wants to make London “one of the greatest centres for Islamic finance anywhere in the world”.
Politicians and business leaders gathered in the capital for the ninth annual World Islamic Economic Forum – the first time the major event has not been held in a Muslim country.
The Prime Minister appeared on stage alongside a number of world leaders, including King Abdullah of Jordan and the Sultan of Brunei.
Among the measures unveiled was a plan from the Treasury to issue an Islamic bond - or sukuk - worth around £200 million. It would issue fixed returns based on the profit made by a named asset, allowing for Muslims to invest without breaking Islamic laws forbidding interest-bearing bonds.
A “world first” set of indices at the London Stock Exchange to help investors identify faith-compliant firms and projects was also announced as well as a £4.5 million boost to a small business growth fund.
The global market in Islamic investments is rapidly expanding, rising by 150 per cent since 2006 and expected to be worth £1.3 trillion next year.
Mr Cameron said Britain had already taken steps to ensure Muslims were not discriminated against - such as ending “double tax” on Islamic mortgages and introducing alternative forms of student and start-up loans to comply with a ban on interest payments.
It already had more Islam-compliant banks than any other Western country and many law firms and university courses centred on the subject, he said.
But he said that his ambition was for the country to compete with finance centres such as Dubai and Kuala Lumpur - not just other non-Islamic capitals. Read on and comment » | Adam Withnall | Additional reporting by PA | Tuesday, October 28, 2013
Islamic Investment: David Cameron Moves to Make London a Mecca for Middle East Wealth
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| The Shard, the tallest building in Europe |
The Prime Minister will signal his determination to tap into the rapidly growing global market for Islamic investments, which are forecast to reach £1.3 trillion next year as oil-rich states fund major building projects.
He will set out plans to establish a new Islamic index on the London Stock Exchange, which will help investors comply with Islamic finance principles, such as bans on investing in alcohol, tobacco and gambling. He will also detail proposals for Britain to become the first country outside the Muslim world to issue its own Islamic bonds, known as sukuk. » | Nigel Morris | Tuesday, October 29, 2013
Britain to Become First Non-Muslim Country to Launch Sharia Bond
Britain is set to become the first non-Muslim country to sell a bond that can be bought by Islamic investors in a bid to encourage massive new investment into the City.
David Cameron will say in a speech on Tuesday at the World Islamic Economic Forum in London that the Treasury is drawing up plans to issue a £200m Sukuk, a form of debt that complies with Islamic financial law.
The new sharia-compliant gilt will enable Britain to become the first non-Muslim country to tap the growing pool of Islamic investments that is forecast to top £1.3 trillion by next year.
The Prime Minister will say that it would be a “mistake” to miss the opportunity to encourage more Islamic investment in the UK and that the City of London should rival Dubai as a centre for sharia-compliant finance.
“When Islamic finance is growing 50pc faster than traditional banking and when global Islamic investments are set to grow to £1.3 trillion by 2014, we want to make sure a big proportion of that new investment is made here in Britain,” Mr Cameron will tell an audience of senior officials from Islamic countries.
Among those at the meeting are Sultan Hassanal Bolkiah of Brunei, King Abdullah of Jordan, Afghan president Hamid Karzai and Prince Salman bin Hamad Al Khalifa, Crown Prince of Bahrain.
The World Islamic Economic Forum has never been held before in a non-Muslim country and highlights the growing role London is playing in the Islamic finance industry. » | Harry Wilson | Tuesday, October 29, 2013
March 06, 2013
BBC: Labour leader Ed Miliband has accused David Cameron of being "out of touch" for opposing European Union plans to cap bankers' bonuses.
He claimed the prime minister was "straining every muscle" to help the rich while doing little for the poor.
But Mr Cameron said the Labour leader wanted to "play and pose politics", while the UK needed to do all it could to attract the world's largest banks.
The UK was the only EU country to oppose the cap in a vote on Tuesday.
Under the plan, bonuses would be limited to 100% of a banker's annual salary - or to 200% if shareholders approve.
During a lively Prime Minister's Questions session, Mr Miliband said Mr Cameron and Chancellor George Osborne were the only people who thought it was "a priority to fight for bigger bonuses". » | Wednesday, March 06, 2013
January 24, 2013
November 22, 2012
When the 27 European Union heads of state and government arrive in Brussels on Thursday evening for the budget summit, all eyes will be on David Cameron. The British prime minister is in a pugnacious mood, and has said he is prepared to veto the European Commission's budgetary proposal for the years 2014 to 2020 if he doesn't get his way.
Cameron is set to arrive ahead of most of his European counterparts for talks with European Union Council President Herman Van Rompuy and Commission President José Manuel Barroso in an attempt to outline a possible compromise. It promises to be a difficult task.
Every seven years, the EU must come together to fashion a spending plan, and each time it becomes a bitter battle over national interests. For the approaching seven-year period, the Commission has proposed raising EU spending to €1.091 trillion. And the EU's executive body has the support of the European Parliament as well as the 17 countries who are net recipients -- a group made up primarily of Southern and Eastern European countries who receive more from the EU budget than they pay in. » | Carsten Volkery in London | Thursday, November 22, 2012
May 19, 2012
GUARDIAN – WINTOUR AND WATT BLOG: Former British ambassador to France says EU leaders are unamused by prime minister's advice on how to save the euro
David Cameron and George Osborne have decided to lecture the eurozone on what it needs to do to put its house in order.
In a video conference on Thursday with François Hollande and Angela Merkel, the prime minister decided to repeat his public warning of a "remorseless logic" that struggling members of a single currency should be supported by stronger members.
Sir John Holmes, Britain's former ambassador to France, told Radio 4's The World at One that EU leaders are unamused:
Other leaders find David Cameron's lectures rather irritating.Veterans of Britain's tortuous relationship with the EU say Cameron and Osborne are giving a masterclass in how to annoy France and Germany, the two most important powers in Europe. They say that the prime minister and chancellor are putting their short term political interests – a need to blame Britain's double dip recession on the eurozone's failings – before the British national interest of ensuring maximum influence in the EU. David Miliband told MPs on Thursday that the government was seeking to find an "alibi for the collapse of our economy". Read on and comment » | Nicholas Watt | Friday, May 18, 2012
February 13, 2012
But the man most likely to be France's next President warned David Cameron that any attempt to create a "sanctuary" from regulation for the City of London was "not acceptable".
Mr Hollande will visit London on 29 February to speak to the Labour leader, Ed Milliband [sic], and perhaps the Prime Minister.
In a meeting with British and American journalists, he said: "We need a Great Britain that will take its place in Europe."
The polls place Mr Hollande way ahead of Nicolas Sarkozy, the incumbent conservative, who is expected to officially launch his re-election bid this week.
Mr Hollande sent ripples of alarm in the City last month by laying into "big finance", calling London's financial centre his "greatest adversary" in his first major campaign rally.
Yesterday, he warned that Britain could not expect to escape more financial regulation, despite Mr Cameron's decision not to sign the recent European fiscal pact.
"David Cameron's attempt to create a sanctuary from regulation for the City of London is not acceptable," he said. » | Henry Samuel in Paris | Monday, February 13, 2012
January 26, 2012
January 23, 2012
THE DAILY TELEGRAPH: People living in benefit-dependent households have been urged by the Prime Minister to “go out and work” rather than complain about the loss of welfare payments.
He spoke as the Government faced serious opposition to the plan to cap the maximum benefit payments that can be received by any household at £26,000. The House of Lords is seeking to block the policy.
The cap has been set at the same level as the average family’s earnings and ministers insist that it is unfair that taxpayers must subsidise those receiving more from the state than typical employees earn.
The Government was defeated in the House of Lords after bishops tabled an amendment to the Welfare Bill proposing that child benefit is excluded from the cap.
The amendment, which was backed by dozens of Liberal Democrat peers, threatens to wreck the entire concept of the cap.
Senior Conservatives have said they are determined to force through the legislation by overturning the Lords amendment, a move which is said to have widespread public backing.
Speaking before the Lords debate, the Prime Minister sought to echo Norman Tebbit, the former Conservative minister, who told unemployed people to “get on your bike” in 1981. » | Robert Winnett, and James Kirkup | Monday, January 23, 2012
My comment:
The welfare state was conceived as a safety net for those in need when times were tough. As such, the idea was fine. Unfortunately, the original concept of welfare has been abandoned. Welfare is now all-embracing, not just for the people who are out of work or disabled, but for all who seek to scrounge off the State. It should never have been allowed to grow into this monster in the first place. The politicians can only blame themselves for this.
Something will have to be done about the monster they have created. Taxpayers cannot be expected to foot the ever-increasing bill for those who prefer to scrounge than pull themselves up by the bootstraps.
Whether now is the right time to tell people to look for work rather than receive benefits is, however, questionable. Where are all these people going to find employment? Doesn't Cameron realize that his own government’s austerity drive is leading to a shortage of work opportunities?
Mr. Cameron seems to be living in an ivory tower, a gilded cage if you will. Is he so cut off from the reality of life that he is blissfully unaware of the plight of the many?
The welfare state needs to be cutback to the bare bones. But to achieve this, there has to be a long-term strategy. Tinkering at the margins will achieve little in the long-run. Some serious thought needs to be given to the starting point of cut-backs. It cannot be right to punish those in real need. The scroungers need to be targetted first. As do all those benefit-tourists coming from abroad to milk the system. They have contributed nothing towards the system, so really should not be entitled to anything. That how it works for a Brit; so why should it be any different for someone from abroad?
It should also be said that cutting back on the welfare state must be a two-pronged strategy: It has to be accompanied by some form of job creation? For without jo bs being offered in the system, Cameron's talk is tantamount to whistling Dixie. – © Mark
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