Like the U.S President Ronald Reagan, her conservative counterpart, Margaret Thatcher came to power at a time when real leadership and new ideas were desperately needed.
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«After months in which a series of government ministers of all parties have threatened a toughening in the stance over City bonuses, Downing Street said the government did not intend to intervene in the pay of the UK’s top bankers.»
Read the full story from The Guardian here.
The Gardian, via the Observer, claims that the consequenses of George Osbourne’s leaked cuts of about 30% to the justice system will:
“Dramatically reduce the number of people in prison, slash legal aid in divorce and family law cases, and see the closure of more than 150 courts across England.”
Further reading from The Guardian here.
Cameron has pledged to curb “compensation culture” in U.K and create a new system that “treats adults like adults”.
More from The Telegraph here.
“When tory-leaning U.K prepares to impose some of the deepest spending cuts in a generation, it is doing so with the full throated support of London’s financial elite.”
Full update from the NY Times here.
In the biggest to date shakeup of U.K government the coalition has made - thousands of jobs will go.
Story from The Guardian here.
Prime Minister’s Questions coming up at 12 noon today. Watch the session live on Parliament’s website. I expect a juicy battle between fresher Ed Milliband and Cameron – enjoy!
The first female Prime Minister in U.K history, Margaret Hilda Thatcher, celebrates her 85th birthday today.
“About 150 ministers, former ministers, MPs, and peers with careers stretching back over the last 40 years have been invited to the reception at No 10 – the largest gathering of Thatcherite ministers in Downing Street since they themselves sat around the cabinet table more than 20 years ago. The bash was announced by David Cameron to cheers at the Conservative Party conference earlier this month.”
Full coverage from the Independent:
“The U.K. Government is working on a secret plan to tackle Britain’s £149bn deficit by hiving off state-owned property assets worth tens of billions of pounds and selling them to the private sector.”
Continue reading here.
A clear majority of voters still support the controversial decision to axe child benefit for higher-rate taxpayers from 2013, according to a survey for The Telegraph.
“They also back further reductions of the £195 billion welfare budget in preference to cutbacks in defence and education as ministers step up their assault on Britain’s record budget deficit.”
Transfer here for more.
In the latest U.K Conservative Broadcast, David Cameron adresses the work of the Coalition in tackling Labour’s legacy of debt. Today Cameron made his first Tory Conference speech as PM! Coverage here.
“The first Tory prime minister in 13 years discusses maximalist government, social responsibility and cooking.”
Weekend reading from the Financial Times: David Cameron talks to Simon Schama.
“Even the hardest-core Tea Partier would admire the ambition of Cameron’s chancellor of the Exchequer, George Osborne, to effectively eliminate Britain’s deficit by 2015. When the results of a top-to-bottom review of government spending are issued next month, all departments except health care and foreign aid are expected to face cuts of at least 25 percent over the next four years.”
More from Newsweek here.