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☆ UK's Hunt offers incentives, penalties to get more people into work
▼ + stars: | 2023-11-16 | by ( Andy Bruce | ) www.reuters.com time to read: +3 min

British Chancellor of the Exchequer Jeremy Hunt during Britain's Conservative Party's annual conference in Manchester, Britain, October 2, 2023. The "Back to Work" plan, billed as a way to help people "stay healthy, get off benefits and move into work", will form part of the Autumn Statement that Hunt will present next Wednesday. Anyone choosing to coast on the hard work of taxpayers will lose their benefits," Hunt said of the "Back to Work" plan. "This sort of language just pushes people away – alienating those who could benefit from support, alienating employers and alienating partners like GPs and voluntary services," Wilson said. Labour said Hunt's plan was "more of the same".

Persons: Jeremy Hunt, Toby Melville, Hunt, Tony Wilson, Wilson, Hunt's, Liz Kendall, Andy Bruce, Susan Fenton Organizations: Britain's Conservative, REUTERS, Institute for Employment Studies, Labour Party, Conservative, IES, Labour, Tories, Confederation, Thomson Locations: Manchester, Britain, British

Sunak said he was working on a new treaty with Rwanda that would address the points made by the court, would pass an emergency law to designate Rwanda a safe country, and was "prepared to do what is necessary" to stop any foreign court blocking deportation flights. 10 Downing Street ahead of Prime Minister's Questions at the Houses of Parliament in London, Britain, November 15, 2023. The Bar Council, which represents barristers, said it had "grave concern" about the prospect of parliament passing legislation intended to deem Rwanda a safe country and therefore upend the Supreme Court's finding. That meant Sunak needed to go further and faster, right-wing critics in his party said. However, another Conservative politician in the moderate wing of the faction-ridden party was pessimistic about the plan's future.

Persons: Rishi Sunak, Sunak, Neil O'Brien, James, Gavin Phillipson, Alan Greene, Peter Nicholls, Nick Vineall, Phillipson, Sam Tobin, Sachin Ravikumar, Alex Richardson Organizations: LONDON, British, Sunak's Conservative Party, University of Bristol, Constitutional, Rights, Birmingham Law School, Britain's, REUTERS, of Human Rights, Bar Council, Conservative Party, Labour Party, New Conservatives, Conservative, Thomson Locations: Rwanda, Britain, London, Downing

Out of the 29 cabinet roles, at least 16 backed remaining in the EU, compared with 10 who supported leaving. Sunak's party still languishes around 20 points behind the opposition Labour Party before an election that must happen by January 2025. But as he was talking, he asked a former cabinet minister to the right of the party for her thoughts. With few Conservatives believing they can win the next election, others might follow her in preparing for a new job. For the Conservatives to stand a chance, they need to change that perception, and it's hard to imagine how bringing David Cameron back does that," he said.

Persons: David Cameron's, Rishi Sunak, Suella Braverman, Sunak, Liz Truss's, Braverman, Cameron, Boris Johnson, Johnson, Dehenna Davison, Keiran, David Cameron, Kylie MacLellan, Elizabeth Piper, Kate Holton, Alex Richardson Organizations: British, European Union, EU, Conservative, Labour Party, Liberal Democrats, Labour, Conservatives, Thomson Locations: England

"David Cameron was a disastrous PM. Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. "David Cameron was at the heart of the biggest lobbying scandal of recent times," said the Liberal Democrat party's foreign affairs spokesperson Layla Moran. "I understand there's a lot of baggage that comes with David Cameron," Conservative lawmaker Tobias Ellwood told Times Radio. Theresa May, who replaced Cameron as prime minister before being ousted herself amid a party rebellion over Brexit three years later, said his experience would be invaluable.

Persons: David Cameron, Rishi Sunak, Sunak, Cameron, Vladimir Putin, Xi Jinping, Steve Tsang, David Lammy, Suzanne Plunkett, Layla Moran, Akshata Murthy, Tobias Ellwood, Dehenna Davidson, Theresa May, Martin Pollard, Alex Richardson Organizations: Downing, European Union, Conservative Party, China Institute, SOAS University of London, Reuters, Labour Party, REUTERS, Conservative, Liberal Democrat, Eton College, Times Radio, Thomson Locations: European, Britain, China, Beijing, London, Downing

☆ Suella Braverman fired as David Cameron returns to UK government
▼ + stars: | 2023-11-13 | by ( Rob Picheta | ) edition.cnn.com time to read: +10 min

The hardline Home Secretary Suella Braverman was fired early on Monday morning, after making inflammatory comments about the policing of pro-Palestinian protests in central London over the weekend. Cameron served as prime minister from 2010 to 2016, resigning after Britain voted to leave the European Union in a referendum that he had called. Unlike Braverman, neither Cleverly nor Cameron are likely to go off script and lash out at the police or protesters. Monday marks the second time in just over a year that Braverman has been sacked as home secretary. Under Sunak, Braverman spearheaded a heavily publicised push to clamp down on small boat crossings made by asylum-seekers.

Persons: London CNN — Britain’s, Rishi Sunak, David Cameron, Suella Braverman, Sunak, Cameron, Downing, James, Braverman, London’s, Braverman’s, ” Neil Basu, we’ve, King Charles, Alec Douglas, –, Edward Heath’s, “, ”, —, ” Cameron, Tories ’, Carl Court, Boris Johnson, Liz Truss, Jeremy Hunt, they’d, Liz Truss’s shambolic, lambasting “, Keir Starmer, ” Starmer Organizations: London CNN, Britain, European Union, Downing Street, Times, London, Sunak, BBC, Downing, Conservative Party, Liberal Democrats, Tories, EU, Braverman, Human, Rwanda –, Conservatives, Labour Party Locations: London, Braverman, Downing, Westminster, Cameron, Rwanda, Britain, United Kingdom

☆ UK Interior Minister Suella Braverman fired after she accused London police of political bias
▼ + stars: | 2023-11-13 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

UK Home Secretary Suella Braverman attends the weekly government cabinet meeting at 10 Downing Street on May 23, 2023 in London, England. LONDON — U.K. Prime Minister Rishi Sunak on Monday fired controversial Interior Minister Suella Braverman, as he begins a reshuffle of his top cabinet. In a shock move, former Prime Minister David Cameron was announced as the new foreign minister. "While I have been out of front-line politics for the last seven years, I hope that my experience – as Conservative Leader for eleven years and Prime Minister for six – will assist me in helping the Prime Minister to meet these vital challenges." Braverman drew widespread criticism last week after printing an op-ed in The Times newspaper that ignored guidance from Downing Street and accused London police of political bias in policing protests.

Persons: Suella Braverman, Rishi Sunak, James Cleverley, David Cameron, Cameron, Braverman, Liz Truss, Israel's, Sunak, Conservative frontbencher Paul Bristow Organizations: Downing, LONDON, Monday, Braverman, Home, Conservative, The Times, London, Palestine, CNBC, Palestinian, Hamas, Department for Science, Innovation, Technology, Conservative Party, Labour Party Locations: London, England, Ukraine, Northern Ireland, Gaza

☆ Cameron returns to UK government as foreign secretary, Braverman sacked
▼ + stars: | 2023-11-13 | by ( Elizabeth Piper | ) www.reuters.com time to read: +5 min

It was the latest reset for a prime minister whose party is badly lagging the Labour Party before an election expected next year. The return of Cameron suggested Sunak wanted to bring in a more centrist, experienced hand rather than appease the right of his party which supported Braverman. It also reawakens divisive debate over Brexit: Cameron held the referendum on European Union membership in 2016 and was hated by many on the right of the party after he campaigned to remain. BREXIT RETURNS[1/5]Britain's former Prime Minister and newly appointed Foreign Secretary David Cameron walks outside 10 Downing Street in London, Britain November 13, 2023. Now, opposition lawmakers said his decision to appoint Cameron was an act of desperation.

Persons: Braverman, Rishi Sunak, David Cameron, Suella Braverman, Cameron, Sunak, BREXIT, Suzanne Plunkett, Theresa May, James, Pat McFadden, Elizabeth Piper, Andrew MacAskill, Alistair Smout, Sachin Ravikumar, Kylie MacLellan, Sarah Young, Kate Holton, Andrew Cawthorne Organizations: London, British, Labour Party, European Union, Britain, Conservative Party, REUTERS, Conservative, Conservatives, Labour, Thomson Locations: London, Britain, England, Labour's

☆ UK PM Sunak under pressure to sack interior minister over police criticism
▼ + stars: | 2023-11-10 | by ( Andrew Macaskill | ) www.reuters.com time to read: +3 min

[1/3] Home Secretary Suella Braverman with Prime Minister Rishi Sunak as he hosts a policing roundtable at 10 Downing Street, London, Britain October 12, 2023. Braverman, the home secretary responsible for policing and national security, has a long history of making controversial statements that have alienated her more moderate colleagues. Some Conservative Party politicians called for her to be moved or distanced themselves from her comments on Friday. Since the article was published, Braverman has not apologised. Britain's finance minister, Jeremy Hunt, was the most senior member of the government to distance himself from Braverman's comments on Friday.

Persons: Suella Braverman, Rishi Sunak, James Manning, Braverman, Geoffrey Clifton, Brown, Sunak, Downing, Keir Starmer, Jeremy Hunt, Andrew MacAskill, Jan Harvey Organizations: Downing, British, Conservative Party, BBC, Labour Party, Times, Thomson Locations: London, Britain, Braverman, Israel

☆ UK's interior minister accuses police of pro-Palestinian bias over marches
▼ + stars: | 2023-11-09 | by ( Kate Holton | ) www.reuters.com time to read: +5 min

Critics in opposing parties and her own have accused her of stoking division and undermining the police. British Prime Minister Rishi Sunak has described Saturday's planned march as disrespectful and said he would hold Rowley to account that the remembrance events are safeguarded. Braverman, seen as a possible future Conservative party leader, often takes a harder line than her party as a whole on issues such as crime and immigration. Opposition Labour Party leader Keir Starmer said Sunak was too weak to challenge her. In a separate incident, two men were arrested over damage to the Cenotaph war memorial in the northern English town of Rochdale.

Persons: Braverman, Suella Braverman, Mark Rowley, Rishi Sunak, Saturday's, Rowley, Sunak, Keir Starmer, Neil Basu, King Charles, Sarah Young, Andrew MacAskill, Elizabeth Piper, Sharon Singleton, Mark Heinrich Our Organizations: The, Hamas, British, Conservative, Opposition Labour Party, British Loyalist, London, LBC Radio, Thomson Locations: Israel, Gaza, London, The Times, Northern Ireland, Britain, British, Braverman, Rochdale

☆ The laws British PM Sunak wants to pass before the next election
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +5 min

The King's Speech - given by the monarch but written by government ministers - opens the new session of parliament. This is likely to be the last one before the election, which must be held by January 2025, and many policies were aimed at appealing to voters. CIGARETTES AND VAPESThe Tobacco and Vapes Bill will deliver on Sunak's promise made last month to phase out all tobacco sales in England. SOCCER REGULATORThe government plans to set up an independent football regulator, who will be responsible for scrutinising club owners and their financial resources. The new legislation will require owners to ensure fans are consulted on changes to club's badges, names and shirt colours.

Persons: Rishi Sunak, Keir Starmer, Hannah McKay, King Charles, Bill, Andrew MacAskill, Alistair Smout, Elizabeth Piper, Alex Richardson, Barbara Lewis Organizations: British, Labour Party, REUTERS, Conservatives, Petroleum, Markets, Competition, Consumers, SOCCER, Super League, Trans, Pacific, Thomson Locations: London, Britain, England, North, Freehold, Wales, Pacific, Australia, Japan

☆ Nigeria Opposition's Obi Slams Court Ruling Confirming Tinubu Election Win
▼ + stars: | 2023-11-06 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

The Supreme Court judgment followed a pattern seen in previous presidential elections that have been challenged in court. Speaking for the first time since the ruling, Obi, a former two-term governor who campaigned as an outsider, told reporters the judgment was a disappointment and contradicted overwhelming evidence of election rigging, false claims of technical glitches, and other irregularities. Obi's supporters, known as the "Obidients", have been vocal in their criticism of the Supreme Court ruling. They have accused the court of being biased and of protecting the interests of the ruling party. Obi's rejection of the Supreme Court ruling is likely to resonate with his supporters, mostly young Nigerians who were attracted by his message of hope and change and see him as a break from the old guard.

Persons: Camillus, Peter Obi, Bola Tinubu's, Atiku Abubakar, Obi, Tinubu, Obi's, Camillus Eboh, Elisha Bala, Emelia Sithole Organizations: Reuters, Labour Party Locations: Camillus Eboh ABUJA, Nigeria

People look towards Big Ben and the Houses of Parliament, where Britain's King Charles III will set out the government's forthcoming legislative plans in a speech on Tuesday, in London, Britain, November 6, 2023. "I want everyone across the country to have the pride and peace of mind that comes with knowing your community ... is safe. That is my vision of what a better Britain looks like," Sunak said in a statement before the speech. In the most despicable cases, these evil criminals must never be free on our streets again. Reporting by Elizabeth Piper and Andrew MacAskill; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Big Ben, King Charles III, Toby Melville, Sunak Sunak, Labour King's, King Charles, Rishi Sunak's, Sunak, Bill, Charles, Queen Elizabeth, Elizabeth Piper, Andrew MacAskill, Andrew Heavens Organizations: REUTERS, Labour, LONDON, British, Conservatives, Labour Party, Reading, Thomson Locations: London, Britain, Buckingham Palace, Westminster

☆ Rishi Sunak, Britain’s Prime Minister, Is Probably Doomed - The New York Times
▼ + stars: | 2023-10-25 | by ( Katy Balls | ) www.nytimes.com time to read: +2 min

When Rishi Sunak became prime minister of Britain a year ago, there was little sense of celebration. Mr. Sunak, who had been rejected by Conservative Party members earlier in the year, was inserted by lawmakers in the desperate hope he could calm the crisis. But that’s where the good news stops for the prime minister. While Mr. Sunak has moved his party out of crisis mode, he is yet to win over voters. Mr. Sunak may be doing his best, in trying circumstances.

Persons: Rishi Sunak, Liz Truss, Sunak, Keir Starmer, — Organizations: Conservative Party, European Union, Conservatives, Labour Party Locations: Britain, It’s

☆ British PM Sunak suffers crushing by-election defeats
▼ + stars: | 2023-10-20 | by ( Andrew Macaskill | ) www.reuters.com time to read: +4 min

British Prime Minister Rishi Sunak leaves 10 Downing Street to attend Prime Minister's Questions at the Houses of Parliament in London, Britain, October 18, 2023. "Winning in these Tory strongholds shows that people overwhelmingly want change and they’re ready to put their faith in our changed Labour Party to deliver it." The contests in Mid-Bedfordshire and Tamworth were caused by the high-profile resignations of politicians close to former prime minister Boris Johnson. The accusations against him contributed to the collapse of former prime minister Boris Johnson's government. Labour won the Mid-Bedfordshire seat with a majority of over 1,100 overturning a Conservative majority of 24,664 at the last general election in 2019.

Persons: Rishi Sunak, Clodagh, Rishi Sunak's, Keir Starmer, Sunak, Boris Johnson, Nadine Dorries, Chris Pincher, Boris Johnson's, Sarah Edwards, Andrew MacAskill, Raju Gopalakrishnan Organizations: British, REUTERS, Labour Party overturns, LONDON, Conservatives, Labour Party, Labour, Conservative, Thomson Locations: London, Britain, Mid, Bedfordshire, Tamworth, England

☆ UK PM Rishi Sunak suffers two historic by-election defeats as Labour opposition surges
▼ + stars: | 2023-10-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Labour party candidate Sarah Edwards, centre, after polls closed in the Tamworth by-election on October 20, 2023 in Tamworth, England. LONDON — U.K. Prime Minister Rishi Sunak's Conservative Party suffered two historic by-election defeats on Thursday, with the main opposition Labour Party overturning huge majorities to win both seats. Labour overcame a 24,664 majority to win Mid Bedfordshire for the first time since the constituency's inception in 1931 in a 20.5% swing. In the process, it pulled off the largest Conservative numerical majority overturned in the U.K. by the main opposition party since 1945. The opposition party took on what was a 66% Conservative majority at the 2019 General Election.

Persons: Sarah Edwards, Rishi, Keir Starmer, Greg Hands, Chris Pincher, Pincher, Boris Johnson, Nadine Dorries, Johnson's Organizations: Labour, LONDON, Conservative Party, Labour Party, Tamworth, Mid Bedfordshire, Conservative, Conservatives, BBC Locations: Tamworth, England, Mid Bedfordshire, West Midlands, Bedfordshire

A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. In its first major position paper on the topic, UK Finance also told the country's political parties that more clarity is needed on the path to a net zero economy to help financial markets muster the huge amounts of capital needed. In April, the government estimated it would need an additional 50 billion pounds-60 billion pounds ($61 billion-$73 billion) of capital investment a year through the late 2020s and 2030s to meet its net zero targets. UK Finance, which represents around 300 firms, set out a series of recommendations to marshal pools of capital which are currently "underused" due to "policy gaps". An independent body could be asked to monitor and provide updates on public and private capital flows, it added.

Persons: Phil Noble, Ian Bhullar, Huw Jones, Simon Jessop, Sharon Singleton Organizations: REUTERS, Finance, European Union, Zero, Reuters, UK Finance, Labour Party, Thomson Locations: Manchester, Britain, Europe

☆ Another Local Vote, and Another Setback, for Rishi Sunak
▼ + stars: | 2023-10-19 | by ( Stephen Castle | More About Stephen Castle | ) www.nytimes.com time to read: +1 min

Britain’s governing Conservative Party on Friday lost two of its safest parliamentary seats in a significant and ominous setback for the prime minister, Rishi Sunak, who must call a general election that will decide his fate within the next 15 months. Voting in the Conservative strongholds of Mid Bedfordshire and Tamworth took place on Thursday to replace two of the party’s lawmakers — one of whom quit after an allegation of sexual assault — and came as Britain’s health care system faces acute strain and its economy stagnates amid high inflation. While that was always likely to put the Conservatives under pressure, the double defeat in the party’s heartlands was a stunning blow to Mr. Sunak and a striking success for the opposition Labour Party and its leader, Keir Starmer. In Tamworth, northeast of Birmingham, Labour overturned a majority of almost 20,000 in the last general election to win narrowly, while in Mid Bedfordshire, around 50 miles north of London, the main opposition party overcame an even bigger deficit to seize the seat.

Persons: Rishi Sunak, —, Sunak, Keir Starmer . Organizations: Conservative Party, Conservative, Tamworth, Labour Party, Labour Locations: Mid Bedfordshire, Tamworth, Birmingham, London

☆ Scotland's leader says dream of independence alive despite his party's troubles
▼ + stars: | 2023-10-17 | by ( Andrew Macaskill | ) www.reuters.com time to read: +4 min

Scotland's First Minister and Scottish National Party (SNP) leader Humza Yousaf speaks during an interview with Reuters ahead of his party's annual conference in Aberdeen, Britain, October 16, 2023. REUTERS/Gerhard May Acquire Licensing RightsABERDEEN, Scotland, Oct 17 (Reuters) - Scotland's leader Humza Yousaf is confident his dream of independence will come true in the next decade despite his governing party haemorrhaging support over the worst crisis in its modern history. The dominant political party in Scotland for almost two decades, the pro-independence Scottish National Party has been damaged by infighting, voter fatigue and scandals, including the arrest of its charismatic former leader Nicola Sturgeon. Even with support for the SNP in decline, opinion polls show Scotland is still roughly split over independence. "Support for independence is rock solid but support for the SNP has dipped," he said.

Persons: Humza Yousaf, Gerhard, Nicola Sturgeon, Yousaf, YouGov, Scots, Boris Johnson, Rishi Sunak's, isn't, Andrew MacAskill, Kate Holton, Ed Osmond Organizations: Scotland's, Scottish National Party, Reuters, REUTERS, Rights, Labour Party won, Labour, Scotland, England, European Union, Scottish, Westminster, British, Thomson Locations: Aberdeen, Britain, Rights ABERDEEN, Scotland, Europe, European, London

☆ The UK Labour Party has a Biden-esque economic plan — but it's very different to Bidenomics
▼ + stars: | 2023-10-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesLONDON — The U.K.'s main opposition Labour Party last week set out the economic platform it hopes will propel it to power at next year's general election, and the transatlantic parallels were clear. Reeves promised last week to "rebuild Britain" as the party seeks to de-risk business investment in emerging technologies with a new national wealth fund, maintaining an active state while harnessing private investment to drive economic growth. Labour's desired parallels to "Bidenomics" were discussed at a host of fringe events throughout the conference in Liverpool, particularly with regards to the "crowding in" of private investment — a Keynesian economic theory that suggests increased government spending can spur increased private investment. Just because the policies may be oriented towards boosting infrastructure and investment, unless they have that debt finance component, it's not Bidenomics."

Persons: Keir Starmer applauds, Paul Ellis, Keir Starmer, Starmer, they're, Rachel Reeves, Joe Biden's, Reeves, Britain —, Biden, Kallum Pickering, Liz Truss, Truss, Rishi Sunak, Pickering, it's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Labour, U.S, Biden administration's, U.S . Treasury, CNBC, Bank of England, Conservative Party, U.S ., University of Pennsylvania Locations: Liverpool, England, America, Britain, Germany, France

☆ UK Conservative lawmaker Bone faces suspension for misconduct
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Member of the Parliament Peter Bone arrives at a private reception attended by Boris Johnson, leader of the Britain's Conservative Party, in central London, Britain July 23, 2019. The Independent Expert Panel found that Bone committed "many varied acts" of bullying and one act of sexual misconduct against a staff member in 2012 and 2013. The suspension, if backed by parliament, triggers a recall petition in Bone's constituency of Wellingborough in central England. "As I have maintained throughout the proceedings, none of the misconduct allegations against me ever took place," he said in a statement posted on X, formerly Twitter. The recommendation for Bone's suspension comes after he appealed a previous decision by the Parliamentary Commissioner for Standards that upheld allegations of bullying and sexual misconduct.

Persons: Peter Bone, Boris Johnson, Henry Nicholls, Rishi Sunak's, Bone, Sunak, Farouq Suleiman, Sachin Ravikumar Organizations: Britain's Conservative Party, REUTERS, Sunak's Conservatives, Labour Party, Conservatives, Labour, Thomson Locations: London, Britain, Bone's, Wellingborough, England, Scotland

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis. Not enough reforms are being implemented, OECD chief economist Clare Lombardelli warned.

Persons: Andrew Kelly, Peter Praet, Praet, Sophia Drossos, Daniel Ivascyn, Claudio Borio, Olivier Blanchard, Ray Dalio, Janet Yellen's, Yellen, Jim Leaviss, Giancarlo Giorgetti, Daleep Singh, Joe Biden, Britain's, Yellen's, Jonathan Portes, Clare Lombardelli, Moritz Kraemer, Yoruk Bahceli, Maria Martinez, Leigh Thomas, Giuseppe Fonte, Nell Mackenzie, Naomi Rovnick, William Schomberg, Jan Strupczewski, Dan Burns, Elisa Martinuzzi, Riddhima Talwani, Jayaram, Emelia Sithole Organizations: Financial, of, REUTERS, Institute of International Finance, Reuters, European Central Bank, ECB, Bank for International, Peterson Institute for International Economics, Associates, U.S . Treasury, Wall, Economy, Britain's Treasury, Congressional, Britain's, Institution, Reuters Graphics ACT, King's College London, Labour Party, OECD, Graphics, Thomson Locations: of Manhattan , New York City, U.S, Italy, Britain, United States, Europe, Ukraine, Berlin, Paris, Rome, London, Brussels, Washington, Marrakech

High funding needs and central banks removing support are increasing pricing uncertainty for investors, Sophia Drossos, hedge fund Point72 Asset Management's chief economist, said. Spending plans lacking credibility were seen as most likely to spark market turmoil. I suspect not by default, but when markets start reflecting their worries in Treasury prices, by a political crisis and a potentially ugly adjustment," the former IMF chief economist said. Italy's 2.4 trillion-euro debt pile is the focus in Europe, where the IMF has said high debt leaves governments vulnerable to crisis. "We need more investment, not less," said King's College London professor Jonathan Portes, Britain's cabinet office chief economist during the financial crisis.

☆ UK Top Court Suggests Months Until It Gives Rwanda Migrant Plan Decision
▼ + stars: | 2023-10-11 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Sam Tobin and Michael HoldenLONDON (Reuters) - Britain's Supreme Court said on Wednesday it would be a couple of months before it gives its decision on whether the government could go ahead with its plan to deport asylum seekers to Rwanda. Raza Husain, a lawyer representing eight asylum seekers, said those sent there were at risk of being returned to their home countries despite having valid asylum claims. He also argued asylum seekers faced inhuman or degrading treatment within Rwanda. The United Nations' refugee agency also intervened in the appeal, with its lawyers reiterating its "unequivocal warning against the transfer of asylum seekers to Rwanda". The Rwanda plan, struck by then Prime Minister Boris Johnson in April 2022, was designed to deter asylum seekers from making the dangerous journey across the Channel from Europe.

Persons: Sam Tobin, Michael Holden LONDON, Rishi Sunak's, Sunak, Conservative Party languishes, I'm, Robert Reed, Raza Husain, Boris Johnson, Archbishop, Yolande Makolo, Michael Holden, Angus MacSwan Organizations: Lawyers, Conservative Party, European Convention of Human Rights, The United Nations, Rwandan, European Union, Labour, Rights Locations: Rwanda, East Africa, Europe, Syria, Iraq, Iran, Vietnam, Sudan, Britain, Canterbury, Rwandan

☆ UK set to have weakest growth among G7 in 2024, IMF forecasts
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +1 min

People walk through the 'More London' business district with Tower Bridge seen behind in London, Britain, March 16, 2023. British gross domestic product will expand by an estimated 0.6% in 2024, the IMF said, down from a previous forecast of 1.0% and weaker than growth of 0.9% and 1.3% expected for Germany and France respectively. In 2023, Britain's growth forecast of 0.5% was the G7's second weakest after a 0.5% contraction projected for Germany. Prime Minister Rishi Sunak is under pressure from within his Conservative Party to cut taxes and boost the economy before a national election expected next year. Writing by William Schomberg; editing by David MillikenOur Standards: The Thomson Reuters Trust Principles.

Persons: Toby Melville, Rishi Sunak, William Schomberg, David Milliken Organizations: REUTERS, Seven, International Monetary Fund, Bank of England, Conservative Party, Labour Party, Thomson Locations: London, Britain, Germany, France

☆ Protester throws glitter on UK Labour leader Starmer
▼ + stars: | 2023-10-10 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsProtester throws glitter on UK Labour leader StarmerPostedKeir Starmer, the leader of Britain's opposition Labour Party, was covered in glitter by a protester who stormed the stage on Tuesday (October 10) just before he began his speech at the party's annual conference.

Persons: Starmer, Keir Starmer Organizations: Labour, Labour Party

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