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Devolution needs a UK-wide strategy to avoid English resentment, say MPs – The Guardian

A cross-party committee of MPs has warned ministers that resentment amongst English voters will worsen unless they set up a convention to look at expanding devolution across the UK. The political and constitutional reform select committee said a constitutional convention was also needed to develop a comprehensive, UK-wide strategy on devolution after the Scottish independence […]

Macquarie expands in UK power sector – Reuters

By Cezary Podkul NEW YORK, March 26 | Wed Mar 27, 2013 9:28pm EDT NEW YORK, March 26 (Reuters) – Macquarie Bank is expanding its power trading business in the UK, hiring traders from rival banks and sourcing electricity from newly acquired power plants in hopes of becoming a bigger player in the sector. The […]

BP, Partners Proceed With Appraisal Program on UK Clair Oil Field – Fox Business

BP PLC (BP, BP.LN) and its partners Royal Dutch Shell PLC (RDSA, RDSB.LN), ConocoPhillips (COP) and Chevron Corp. (CVX) said Thursday they are proceeding with a two-year appraisal program to evaluate the possibility of developing a third phase of the giant Clair field, west of the Shetland Islands. BP and its partners have already committed […]

UK Government Seeks to Retrain Ex-Soldiers for Oil and Gas Industry – Fox Business

The U.K. government is looking to establish a national program to retrain ex-military personnel to work in the country’s oil and gas industry as part of efforts to address a skills shortage in a sector that is vital for the U.K. economy. The move could help boost employment at a time when the U.K. is […]

UK Banks Need Almost $38 Billion in Capital – Wall Street Journal

Email Newsletters and Alerts The latest news and analysis delivered to your in-box. Check the boxes below to sign up. New! To sign up for Keyword or Symbol Alerts click here. To view or change all of your email settings, visit the Email Setup Center. UK Banks Need Almost $38 Billion in Capital – Wall […]

UK pensioners ‘struggling’ to cope in Cyprus – BBC News

UK pensioners ‘struggling’ to cope in Cyprus – BBC News

27 March 2013 Last updated at 12:45 ET Pensioners in the Famagusta region are amongst those without pension payments Some UK pensioners living in Cyprus are struggling financially, according to local residents. Cyprus’ financial crisis led to the UK government suspending pension […]

UK Gov’t Loses Court Challenge to Deport Preacher – ABC News

UK Gov’t Loses Court Challenge to Deport Preacher – ABC News

A radical Muslim cleric thwarted another effort by Britain to have him deported to Jordan after a court accepted arguments Wednesday that he would face testimony obtained by torture. Britain wants to deport Abu Qatada to Jordan, where he was convicted in absentia for terror plots in 1999 and 2000. Successive British governments have been […]

BOE Says U.K. Banks Have Capital Shortfall of $38 Billion – Bloomberg

BOE Says U.K. Banks Have Capital Shortfall of $38 Billion – Bloomberg

You need to enable Javascript to play media on Bloomberg.com U.K. lenders were told by the Bank of England to raise 25 billion pounds ($38 billion) of additional capital, less than analyst estimates. Banks need to set aside more money to cover bigger potential losses on commercial real estate and from the euro area, possible […]

UK launches ‘Fusion Cell’ to head off cyber attacks – ZDNet

A new UK security centre is being set up to improve communication between businesses and government on cyber threats. The initiative, known as the Cyber Security Information Sharing Partnership (CISP), was announced on Wednesday and will see experts from GCHQ, MI5, the police, businesses and security analysts work alongside each […]

UK to freeze until end of April, forecasters say – The Guardian

The big freeze gripping the UK could last until almost the end of April, weather forecasters have predicted. Temperatures are unlikely to recover to normal averages for the time of year until the latter part of next month, the Met Office suggested through its 30-day forecast. Sub-zero temperatures look likely to bring misery to thousands […]