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UK's Osborne launches Conservative election pitch with pension tax cut BIRMINGHAM: British finance minister George Osborne will promise on Monday to scrap a tax on inherited pension savings as he lays out the Conservative Party's economic pitch for next year's election.Speaking to media before his speech, Osborne also sought to tackle the electoral threat posed by the UK Independence Party (UKIP) whose stance on immigration and Europe could draw votes from the Conservatives and benefit Labour at the election. Two Conservative MPs have defected to UKIP in recent weeks.Asked about polls on Sunday showing UKIP have siphoned significant support from the Conservatives, Osborne said: "What people are going to realise as they approach the election is that a vote for UKIP is a vote for Labour... I don't think that's what people want in this country."Ahead of what is expected to be a close-run ballot in May, Osborne will use a key speech on Monday to try to persuade voters ...

French right wins Senate, far right FN takes first seats PARIS: Three years after France's upper house Senate made its first ever swing to the left, the right has clawed back a majority, with the far-right National Front winning seats for the first time.The results were a new setback for beleaguered Socialist President Francois Hollande.The conservative UMP party of Hollande's predecessor Nicolas Sarkozy and its allies from the centrist UDI won 188 seats according to near-final results in the late evening -- 13 seats more ...
Britain's Conservatives in voter-friendly tax cut BIRMINGHAM: Britain's ruling Conservative party will announce Monday plans to scrap an inheritance tax, as it sets out economic policies aimed at wooing voters ahead of a general election next May.Its final party conference before what is expected to be a close-fought election, opened Sunday under the shadow of a lawmaker's defection to the eurosceptic UK Independence Party and the resignation of a minister embroiled in a sex scandal.As the Tories bid to seize back ...
Britain's ruling Conservatives meet after losing two MPs BIRMINGHAM: British Prime Minister David Cameron is bidding to rally his Conservatives for victory at next year's general election at their annual conference Sunday, with the party reeling from a defection and a sex scandal.Cameron admitted it had "not been an ideal start" to the gathering in Birmingham, after one lawmaker left the day before to join the eurosceptic United Kingdom Independence Party, then a junior minister quit after being caught out sending an explicit ...
Russia's Lavrov says time has come to upgrade nuclear, conventional arms MOSCOW: Russian Foreign Minister Sergei Lavrov was quoted on Sunday as saying that the time had come for his country to modernise its nuclear and conventional arsenals."I don't think we are on the verge of a new arms race. At least, Russia definitely won't be part of it. In our case, it's just that the time has come for us to modernise our nuclear and conventional arsenals," Lavrov said, according to a transcript of an ...
British PM 'kicking himself' after saying Queen purred at Scotland vote BIRMINGHAM: British Prime Minister David Cameron on Sunday apologised for revealing details of Queen Elizabeth's relief that Scotland had voted to keep the United Kingdom intact, saying he was kicking himself very hard for the breach of protocol.Cameron was last week caught on a live microphone telling former New York mayor Michael Bloomberg that the Queen had "purred down the line" to him when he spoke to her following the results of the Sept. 18 ...
Russia successfully launches Proton-M rocket after accident MOSCOW: Russia on Sunday successfully launched a Proton-M rocket carrying a satellite into orbit in the first such launch since one of the rockets fell back to Earth soon after liftoff in May.The Proton-M rocket lifted off on schedule from the Baikonur cosmodrome in Kazakhstan at 12:23 am Moscow time (2023 GMT Saturday), carrying a Russian communications satellite, Russia's space agency said in a statement."At 09:26 Moscow time (0526 GMT), the satellite separated from the ...


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Foreign Debt $61.805bn
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