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Cyprus savings levy: questions and answers – The Guardian

Cyprus has become the fifth eurozone country to seek help from international lenders, but the rescue package includes a hugely unpopular levy on savers at Cypriot banks – and it remains unclear on Sunday whether MPs will accept it. What was agreed in the bailout deal? Cash-strapped Cyprus will receive around €10bn (£8.7bn) to strengthen […]

China Replaces U.K. in Top-Five Arms Exporters Headed by U.S. – Bloomberg

China pushed the U.K. out of the top-five weapons exporters for the first time in more than 60 years as the Asian country’s growing military and economic might translated into global arms sales. The U.S. led Russia, Germany, France and China in deliveries from 2008 to 2012, the Stockholm International Peace Research Institute said in […]

Nation’s Noodle lives up to its name as production moves to UK – The Guardian

The “Nation’s Noodle” is coming home. Despite their patriotic name Golden Wonder’s pot noodles are currently made in China and shipped 10,000 nautical miles to Blighty. But the noodles’ journey from factory to tummy will shrink dramatically by the time Golden Wonder releases its “Christmas Dinner” special. Symington’s, the 191-year-old British company that makes Golden […]

Iraq war planning wholly irresponsible, say senior UK military figures – The Guardian

The way Britain was led into war with Iraq 10 years ago was “wholly irresponsible” and the lack of intelligence on the country a national disgrace, senior military figures have told the Guardian. Though they direct their fire principally at the Bush administration, they make clear the Blair government must share a lot of the […]

George Osborne: UK will compensate troops and government workers affected … – The Independent

The UK Government came under pressure to ensure that no service personnel would be affected after EU officials announced that people with up to €100,000 (£87,000) in Cypriot bank accounts would pay a 6.75 per cent levy, while those with more money would pay 9.9 per cent. Speaking on The Andrew Marr Show, the Chancellor […]

Phone Hacking: JK Rowling Tells UK Government Victims ‘Have Been Hung Out … – Huffington Post

LONDON — Celebrities like J.K. Rowling and Hugh Grant accused the British government on Sunday of letting down the victims of media intrusion and urged tough new measures to rein in Britain’s unruly press. Lawmakers are to vote Monday on rival plans for tougher controls in the wake of the country’s phone-hacking scandal. The Conservative-led […]

Vicky Pryce transferred to open prison in Kent – The Guardian

Vicky Pryce, the disgraced economist and wife of the former energy minister Chris Huhne, has been transferred to an open prison in a grade II listed building just four nights after being sentenced to an eight-month jail term. After being found guilty of helping her former husband to avoid a driving ban by taking his […]

UK government says it will compensate British troops in Cyprus hit by bailout levy – Fox News

LONDON –  Britain’s Treasury chief says the government will compensate U.K. troops who lose money to Cyprus’s bailout tax. About 3,500 British military personnel are based in Cyprus, which has announced a levy of 6.75 to 9.9 percent on all bank balances as part of a deal with creditors for €10 billion ($13 billion) in […]

NAB UK Restructuring on Track, Business Profitable – CEO – Fox Business

National Australia Bank Ltd.’s (NAB.AU) restructuring of its U.K. operations is on track and the unit is now profitable, however it continues to face challenges in a difficult U.K. market, its chief executive said. Consumer and business confidence in Australia also remains “fragile,” and both companies and individuals here will likely remain reluctant to commit […]

Bedroom tax protests across the UK – The Guardian

Thousands of protesters have called on the government to axe a new “bedroom tax” that will cut benefits for people with a spare room. Organisers said some 12,000 to 13,000 activists turned out despite the cold weather in 52 cities across the country. Under the government’s welfare reforms, those deemed to have one spare bedroom […]