Lib Dems and Tories are an uneasy match May 11, 2010 DAVID Cameron is safely in 10 Downing Street and Nick Clegg has been handed powers a Lib Dem would have thought impossible just a few weeks ago. But the match is not one made in heaven and both sides are already smarting from the concessions each will have to make in order for this marriage [...]
Cracks emerge as resistance to Lib-Con coalition takes hold May 11, 2010 EVEN as David Cameron was driven to Buckingham Palace to meet the Queen yesterday, tensions began to emerge in the fragile alliance the Tories have struck with the Lib Dems. Conservative grandees are furious at the olive branch of electoral reform being offered to the Liberal Democrats. Sir Peter Tapsell, a senior figure, has warned [...]
Cameron’s long road to Downing St May 11, 2010 Friday 07 May ● 00.30: David Cameron, after comfortably holding his Witney constituency, claimed “the Labour government has lost its mandate to govern our country. The Conservative party is on target to win more seats than we have done at any election for perhaps as long as 80 years.” ● 04.30: Nick Clegg and Gordon [...]
Business leaders back the coalition but also demand quick economic decisions May 11, 2010 BUSINESSES backed the new Conservative and Liberal Democrat coalition government last night, saying it will bring much needed stability to the economy. Richard Lambert, CBI director-general, said: “Business wants to see a stable government… this coalition should have the votes and the mandate to get on with the job.” Cameron has committed to holding an [...]
Barack Obama congratulates Cameron on his new role as PM May 11, 2010 DAVID Cameron’s first phone call as he made himself at home in Downing Street was from President Barack Obama. The US President congratulated Cameron on his victory and invited him to visit the States in the summer. He said he looked forward to seeing him at the G8 and G20 meetings. They also discussed Afghanistan, [...]
Brown leaves Number 10 for the last time May 11, 2010 GORDON BROWN left Downing Street for the final time last night, closing the door on a political career that spanned 27 years. Flanked by wife Sarah, he delivered a gracious resignation speech in front of Number 10 in which he said it had been a “privilege to serve” as Prime Minister. He said: “I have [...]
Lib Dems: Labour team sought to fail May 11, 2010 THE LIBERAL Democrats last night retaliated to taunts from Lord Mandelson that the party had moved away from its progressive roots, claiming Labour never “took seriously” the prospect of forming a left-wing coalition to rival the Tories. A Lib Dem spokesman said key Labour negotiators gave “every impression of wanting the process to fail” and [...]
Harman leads party for now May 11, 2010 HARRIET HARMAN was yesterday appointed interim leader of the Labour party, minutes after her former boss finally moved his family out of Downing Street. She steps up from being the party’s deputy leader and leader of the house of commons during Gordon Brown’s reign. However, she ruled herself out of the running to take the [...]
Cable flip flops on cuts May 11, 2010 VINCE Cable appeared to make a screeching U-turn yesterday on how to deal with the economy in order to fit in with a Tory coalition. The former Lib Dem treasury spokesman, expected to take a key role in government with responsibility for banks and business, told City A.M. in March he would resist joining a [...]
Demand for UK gilts is still resilient May 11, 2010 BOND markets breathed a sigh of relief yesterday after a key auction of treasury gilts passed off without a hitch despite days of political turmoil. The auction of £2.25bn of 15-year bonds was wrapped up hours ahead of Gordon Brown’s resignation and the announcement of a formal Conservative-Liberal Democrat coalition. Even so, it was oversubscribed [...]
