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....Between the election and now, we have seen a narrowing and lessening of expectations regarding bank reforms. In Congress, meanwhile, Democrats and some Republicans, among them senators Elizabeth Warren and John McCain, are looking for ways to revive a version of the Glass-Steagall Act, the 80-year-old statute that kept investment banking and consumer lending separate until it was scrapped under Bill Clinton in 1999. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:00:28 AM
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....”. The Liberal Democrats, who did not back a cap in their manifesto, said the Conservative policy had been “pure economic illiteracy”. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 03:57:48 PM
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....Deutsche Bank claimed in a response to the first congressional request that US laws prohibit it from sharing information about its customers to government agencies. But Waters and four other Democrats said in a letter that was sent to Deutsche’s Washington attorneys this week that the German bank had misinterpreted the law and said privacy rules do not apply to requests made by Congress. ... [Read full article on Guardian ]
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Latest Finance News related to Democrats

Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
....Between the election and now, we have seen a narrowing and lessening of expectations regarding bank reforms. In Congress, meanwhile, Democrats and some Republicans, among them senators Elizabeth Warren and John McCain, are looking for ways to revive a version of the Glass-Steagall Act, the 80-year-old statute that kept investment banking and consumer lending separate until it was scrapped under Bill Clinton in 1999. ...
House Democrats challenge Deutsche Bank over review of Trump's accounts image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:38:41 PM
....Deutsche Bank claimed in a response to the first congressional request that US laws prohibit it from sharing information about its customers to government agencies. But Waters and four other Democrats said in a letter that was sent to Deutsche’s Washington attorneys this week that the German bank had misinterpreted the law and said privacy rules do not apply to requests made by Congress. ...
Tory pledge to cap energy bills missing from Queen's speech image
Source : Guardian [Read Article] Wednesday 21st of June 2017 03:57:48 PM
....”. The Liberal Democrats, who did not back a cap in their manifesto, said the Conservative policy had been “pure economic illiteracy”. ...
Record levels of green energy in UK create strange new world for generators image
....Cries of woe from lobbyists haven’t gone unnoticed, and the future of Germany’s big energy giants could feature in the upcoming federal elections in September. Some politicians from the pro-business wing of Merkel’s Christian Democrats have called for an end to state subsidies for green energy by 2021. ...
Bosses under fire for telling staff to vote Tory or risk losing jobs image
Source : Guardian [Read Article] Monday 12th of June 2017 04:05:44 PM
....It also emerged that Greg Knight, the managing director of the UK’s largest independent bookmaker, Jennings Racing, warned 500 staff their jobs were at risk the day before voters went to the polls. He said Labour and the Liberal Democrats would crack down on controversial fixed-odds betting terminals (FOBTs), which make up more than half of bookmakers’ revenues. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
. Democrats are slamming a Republican bid to dismantle financial rules put in place after the 2008 crisis as the "wrong choice" for the country. ...
Election 2017: Hung parliament WORST possible outcome for pensions, say experts image
....5 per cent, earnings or inflation. Labour and the Liberal Democrats had promised to maintain the gurantee. ...
Election 2017: Pound under pressure amid Labour surge image
Source : BBC [Read Article] Thursday 8th of June 2017 09:42:36 PM
....BBC economics editor Kamal Ahmed said that suggested the UK's membership of both the single market and customs union would now be "back on the table". Sir Vince is returning to the Commons after regaining the seat of Twickenham in southwest London for the Liberal Democrats. ...
Republicans take aim at Dodd-Frank financial rules image
Source : BBC [Read Article] Thursday 8th of June 2017 02:18:10 PM
....Few expect the sprawling, nearly 600-page document, which touches on everything from payday lending to bank bailouts, to become law in its current form. No Democrats voted for the bill, which faces fierce opposition from the party in the Senate. ...
Court rules that Germany's nuclear tax is illegal image
Source : BBC [Read Article] Wednesday 7th of June 2017 11:26:23 AM
....Germany's environment minister Barbara Hendricks said that the court ruling was a "colossal irritation". Ms Hendricks is a member of the Social Democrats (SPD), who are the junior partner in Chancellor Merkel's governing coalition. ...
Tories have ‘shameful record’ on FOBT gambling, says Labour image
Source : Guardian [Read Article] Tuesday 6th of June 2017 05:19:03 PM
.... Of 62 constituencies where gamblers lost more than £5m in 2015-16, 47 are Labour, five are Scottish National party areas and 10 are Conservative. Both Labour and the Liberal Democrats have promised in their general election manifestos to cut the maximum stake on FOBTs from £100 to £2. ...
General Election 2017: May would revive Board of Trade image
Source : BBC [Read Article] Monday 5th of June 2017 11:01:39 PM
....The UK's first Board of Trade has its roots in the 17th Century and through several transformations became the Department of Trade and Industry. Both Labour and the Liberal Democrats said the prime minister's plan was outdated. ...
Donald Trump unveils plan to privatize 'antiquated' air traffic control system image
....With fanfare at the White House, where he was introduced as “a builder”, the president backed a plan to spin-off air traffic operations into a private, not-for-profit corporation and promised “a great new era in American aviation”. Democrats poured scorn on the start of what has been billed as “infrastructure week”, arguing that Trump’s plans will mean less construction and fewer jobs, particularly in rural areas, while financiers profit from tolls. ...
Trump to privatise air traffic control image
Source : BBC [Read Article] Monday 5th of June 2017 06:42:18 PM
.... Mr Trump's budget proposal said the change would take effect in 2021 and estimated the reform would increase the budget deficit by about $45bn (£35bn) over 10 years. Representative Nancy Pelosi, who leads Democrats in the House, called the idea a "tired Republican plan that both sides of the aisle have rejected". ...
Putin scorns US claims over Trump-Russia ties image
Source : BBC [Read Article] Friday 2nd of June 2017 11:58:17 AM
.... The Jews are blamed for everything," he added. The US intelligence agencies say the hacking of the US Democrats last year bore the hallmarks of Russian state security services. ...
Revealed: chocolate and drinks shrink since Brexit vote with no price drop image
.... Companies have until now, however, largely denied the influence of Brexit on cuts to the sizes of products, including the infamously redesigned Toblerone bar. As Theresa May took to the campaign trail championing the “great opportunities of Brexit,” Tim Farron, the leader of the Liberal Democrats, warned: “This is a stealth Brexit squeeze on British consumers. ...
Reality Check: The fight over women's state pensions image
Source : BBC [Read Article] Monday 29th of May 2017 02:29:06 PM
...."Alongside our commitment to extend Pension Credit to hundreds of thousands of the most vulnerable women, Labour is exploring options for further transitional protections," it said. The Liberal Democrats did not mention the issue in their manifesto, however, in March Liberal Democrat leader Tim Farron made a broad commitment to helping the women. ...
Far from ‘strong and stable’, May’s economic plan is weak and unstable image
....9% a year over the course of the next parliament. By contrast, the consultancy noted that “the more expansionary policies proposed by Labour and the Liberal Democrats would offer better outcomes in terms of GDP growth and allow monetary policy to be normalised sooner, without putting the public finances under strain. ...
Ford faces lots of bumps in the road to a world of driverless cars image
Source : Guardian [Read Article] Sunday 28th of May 2017 06:00:02 AM
.... There are also indirect costs such as police callouts when punters smash machines – such a common occurrence that CCTV footage of such incidents is easily found on YouTube. Insiders expect the government to respond to public concern by reducing FOBT stakes, albeit not to the £2 maximum promised by both Labour and the Liberal Democrats in their election manifestos. ...
UK gamblers lose record £13.8bn as industry braces for FOBT crackdown image
....The review has seen FOBTs, which allow gamblers to stake up to £100 every 20 seconds on electronic casino-style games, become a focal point for campaigners supporting tighter regulation. Both the Liberal Democrats and Labour are promising to cut the maximum bet to £2 if they win the general election. ...
Proud papa image
Source : BBC [Read Article] Wednesday 24th of May 2017 11:55:48 PM
....". So, as a standout piece of policy that - in theory - could find favour with both Republicans and Democrats, what does Trump's plan do?. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....But congressional Republicans are unlikely to rubber-stamp a new government mandate. And even Democrats, who have long cried out for such a benefit, may be reluctant to lend their support to this president. ...
Fair shares? image
Source : BBC [Read Article] Sunday 21st of May 2017 12:04:00 AM
....The fear of potential penalties seems to have acted as a catalyst, though; 33% of those put forward for board seats so far in 2017 are women, up 2% on last year, says Allbright, putting Sweden behind only Norway and France, both of which have legally-binding quotas. However, the nationalist Sweden Democrats (currently the second-most popular party in the polls) and the smaller centre-right Christian Democrats -voted against the 90-day parental leave quota for fathers. ...
Trump pulls trigger on Nafta negotiations image
Source : BBC [Read Article] Thursday 18th of May 2017 04:43:32 PM
....Mr Trump's protectionist stance breaks with Republican tradition, sounding closer to concerns voiced by labour unions and left-wing politicians such as Bernie Sanders. But Democrats were quick to slam the letter as short on substance. ...
Election 2017: State pension triple lock battle lines drawn image
Source : BBC [Read Article] Thursday 18th of May 2017 02:32:16 PM
....5% element, to leave a "double lock". Labour and the Liberal Democrats have vowed to maintain the triple lock throughout the next Parliament. ...
Conservative manifesto: Theresa May targets mainstream Britain' image
Source : BBC [Read Article] Wednesday 17th of May 2017 09:26:25 PM
....Labour said the Conservative manifesto placed a "huge question mark over the living standards" of the majority of working people and pensioners. Sir Ed Davey, for the Liberal Democrats, said: "It is clear the more you need, the more you pay with May. ...
General election 2017: Lib Dems promise £100-a-week for entrepreneurs' living costs image
.... "The Conservatives have lost the right to call themselves the party of business. The Liberal Democrats are now. ...
General election 2017: Workers' rights protections promised by Tories image
...."Theresa May and her Tory government have failed to stand up for workers, with hundreds of thousands not being paid the money owed to them, thousands unable to get their case against their employer heard, and hundreds of complaints of employment agency malpractice going un-investigated," said campaign chairman Andrew Gwynne. Vince Cable, the Liberal Democrats' former business secretary, said: "The Conservatives tried to ban workers from striking and were blocked by the Liberal Democrats in government. ...
General election 2017: Lib Dems would end public sector pay squeeze image
....He said his party would give the health service the funding it needed by adding 1p on income tax in order to raise an extra £6 billion. He said the Liberal Democrats were offering to invest far more than any other party and unlike any other party the investment was "costed and believable". ...
NHS cyber-attack: More ransomware cases 'likely on Monday' image
Source : BBC [Read Article] Sunday 14th of May 2017 06:41:08 PM
....But Labour say the Conservatives have cut funding to the NHS's IT budget and specifically a contract to protect computer systems was not renewed after 2015. The Liberal Democrats and Labour have both demanded an inquiry into the cyber-attack. ...
Next cyber-attack could be imminent, warn experts image
Source : BBC [Read Article] Sunday 14th of May 2017 03:05:05 AM
....". The Liberal Democrats and Labour have both demanded an inquiry into the cyber-attack. ...
General election 2017: Lib Dems pledge winter fuel cuts to protect pensions image
....The triple lock was originally a feature of the Lib Dem manifesto in 2010 and a key demand when the party negotiated on the formation of the coalition government with the Conservatives. Announcing its latest pledge, former Business Secretary Sir Vince Cable said: "Liberal Democrats believe that an important test of a civilised society is the way in which it cares for the elderly. ...
Poor working families face big losses from benefit cuts, says IFS image
Source : Guardian [Read Article] Thursday 27th of April 2017 04:57:27 PM
....The scheduled cuts for lower-income families come alongside tax breaks worth £5bn a year that predominantly benefit middle- and higher-income households. The shadow chancellor, John McDonnell, said the IFS analysis showed the Conservatives posed a “clear threat” to working people’s living standards, while the Liberal Democrats claimed the “savage cuts” would leave millions of households worse off. ...
Reform property laws to reduce inequality | Letters image
Source : Guardian [Read Article] Wednesday 26th of April 2017 05:59:37 PM
.... Between 1909 and 1914 the landed gentry, in the form of the House of Lords, effectively sabotaged an attempt to introduce LVT by the then Liberal government’s chancellor, David Lloyd George. In the most polarised election for decades, his words should inspire the Liberal Democrats and Labour now: “a fully-equipped duke costs as much to keep up as two dreadnoughts, but is much less easy to scrap”. ...
In the small print image
Source : BBC [Read Article] Wednesday 26th of April 2017 03:35:41 PM
.... In a statement Wednesday, top Republicans called Mr Trump's principles "critical guideposts" for an overhaul. Meanwhile, Democrats are under pressure from their base to oppose Mr Trump. ...
Voodoo Reaganomics won't save Trump on the Hill | Larry Elliot image
Source : Guardian [Read Article] Wednesday 26th of April 2017 03:33:00 PM
....In the end, Trump will only get his corporate tax cut implemented with the agreement of Congress. Both Republicans and Democrats will want to know how the president intends to make up for the loss of revenue that a cut of this magnitude will cause. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....It could face resistance from fiscal hawks within his own party. Democrats are highlighting the fact that Mr Trump's own tax liability from his businesses would shrink under his blueprint, saving him millions. ...
Brexit brain drain threatens UK universities, MPs warn image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:00:39 AM
....”. The Liberal Democrats’ education spokesman, John Pugh, said: “Theresa May’s insistence on using European citizens as bargaining chips is already leading to an exodus of academics from the EU. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
.... Holmes said: “Our endorsements are made by a lawmaker’s scorecard, and their views on the issues that are important to our membership and the American business community, based on economic growth and job creation. In recent years, Republicans have scored higher than Democrats on issues of importance to the business community but we have maintained a bipartisan approach to the candidates we support and have bestowed awards such as the ‘Spirit of Enterprise’ award to Republicans and Democrats alike. ...
Ding ding! All aboard the ex-Lib Dem minister's solar-powered bus image
Source : Guardian [Read Article] Sunday 23rd of April 2017 03:53:02 PM
. Vince Cable and Ed Davey, the former business and energy secretaries respectively, are among the Liberal Democrats that lost their seats in 2015 who are plotting their way back to parliament in this general election. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
....But they could help the Conservatives attract centre-ground voters. Insiders told the Guardian that senior Tories believe they could lose 10 to 15 seats to the Liberal Democrats in the snap June general election. ...
Green Investment Bank sell-off described as a disaster by critics image
Source : Guardian [Read Article] Thursday 20th of April 2017 03:22:54 PM
....The UK government’s decision to sell the Green Investment Bank to Australian bank Macquarie for £2. 3bn has been attacked by critics including the Liberal Democrats and Greenpeace as “politically dubious” and a “disaster”. ...
Green Investment Bank to be sold off in £2.3bn deal image
Source : Guardian [Read Article] Wednesday 19th of April 2017 08:54:43 PM
....An official announcement is expected to be made by Nick Hurd, the climate minister, on Thursday, the Guardian understands. Labour, the Liberal Democrats and the Green party have criticised the sale, questioning Macquarie’s track record and commitment to green energy. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... Republicans point to Europe and other parts of the world where a VAT rate started low and gradually increased to double-digit levels, exceeding 20% in many countries. Democrats, too, have historically opposed a VAT, because it is a highly regressive form of taxation. ...
Up to 100,000 UK jobs at risk as Merkel and Juncker ally warns on euro clearing image
....”. The Liberal Democrats’ treasury spokesperson, Susan Kramer, said: “The hard Brexit chosen by this government is set to take a wrecking ball to the UK financial sector, threatening thousands of jobs and billions of pounds of tax revenue. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
....In January, HSBC said it was shutting a further 62 branches this year, on top of 55 already earmarked for closure, while Yorkshire Building Society revealed it was closing 48 branches, 28 of which are Norwich & Peterborough outlets. Susan Kramer, the Treasury spokesperson for the Liberal Democrats, said: “Lloyds and other banks are turning their backs on the communities that have been the foundation of its business for generations. ...
Leading City firms begin to lay groundwork for London jobs exodus image
Source : Guardian [Read Article] Thursday 30th of March 2017 01:06:02 PM
....”. The Liberal Democrats warned that JP Morgan’s potential Dublin deal and the new Brussels office for Lloyd’s were a sign that jobs could be lost in the City of London due to Brexit. ...
Energy price cap would damage competition, says SSE boss image
Source : Guardian [Read Article] Thursday 30th of March 2017 12:51:29 PM
.... to the end of 2020,” said Matt Roderick, chief technology officer at the Data Communications Company, speaking at the Future of Utilities conference in London. The Liberal Democrats said efforts should be stepped up to accelerate the roll-out and increase awareness of smart meters. ...
Reusable incentives could slash disposable coffee cup waste image
Source : Guardian [Read Article] Thursday 30th of March 2017 06:39:20 AM
....5bn disposable coffee cups thrown away each year because they believe coffee shop chains are already taking enough action to cut down waste. The environment minister Thérèse Coffey told the Liberal Democrats, who have urged the government to impose a 5p charge similar to that levied on plastic bags, that industry and chains were already doing enough voluntarily. ...
Improve shared parental leave to cut gender pay gap, urge MPs image
Source : Guardian [Read Article] Tuesday 28th of March 2017 05:00:19 AM
....Organised by the Labour MP David Lammy, the letter to Justine Greening – who is minister for women and equalities as well as being education secretary – warns that the gender pay gap will never be tackled as long as women end up with disproportionate responsibility for childcare. The letter, signed predominantly by Lammy’s Labour colleagues but also a handful of Conservative MPs as well as those from the Scottish National party, Liberal Democrats and Greens, follows a report last month by the women and equalities committee. ...
No-deal Brexit 'would put UK in worst trading position of rich nations' image
....The foreign secretary was immediately contradicted by Carolyn Fairbairn, head of the Confederation of British Industry, who said such a move would be very bad for businesses and “a recipe for chaos on a number of fronts”. Open Britain, which groups a series of formerly pro-remain MPs from Labour, the Conservatives and the Liberal Democrats, said leaving with no deal would mean the UK “choosing the most extreme position of all major trading nations”. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
. Senior Democrats on Capitol Hill are calling for a congressional investigation into the justice department’s handling of an ongoing inquiry into Deutsche Bank, saying that Donald Trump had conflicts of interest with the German bank, his biggest creditor. ...
Budget 2017: Self-employed 'tax raid' a 'rookie error' image
Source : BBC [Read Article] Saturday 11th of March 2017 09:22:56 AM
....". Labour and the Liberal Democrats have criticised the change - as did more than a dozen Conservative MPs, including Iain Duncan Smith, John Redwood, Anna Soubry and Dominic Raab. ...
May defends 'fair' National Insurance rise amid criticism image
Source : BBC [Read Article] Thursday 9th of March 2017 08:28:31 PM
....Think tank backs NI rise. Labour and the Liberal Democrats criticised the change - as did more than a dozen Conservative MPs, including Iain Duncan Smith, John Redwood, Anna Soubry and Dominic Raab. ...
May and Hammond face serious Tory revolt over tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:59:51 PM
....”. The Liberal Democrats are also opposed, with their party leader, Tim Farron, saying ministers faced “a humiliating defeat over this OmNICshambles budget” and should change course. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
.... “The deficit is down but debt is still too high,” the chancellor said as he banked a one-off windfall from stronger-than-expected tax receipts since the EU referendum. The NICs move will boost Treasury revenues by just over £600m in 2019-20 but was condemned by Labour, the Liberal Democrats and some Conservatives. ...
Philip Hammond breaks manifesto pledge with budget tax grab image
Source : Guardian [Read Article] Wednesday 8th of March 2017 04:05:32 PM
Donald Trump has made rookie mistakes – he must change his approach image
Source : Guardian [Read Article] Thursday 2nd of March 2017 08:59:39 AM
....Bill Clinton attempted to remake America’s healthcare system. He failed, leading to a stunning loss for Democrats in the 1994 midterm congressional elections. ...
Government defeated on Brexit bill image
Source : BBC [Read Article] Wednesday 1st of March 2017 07:06:57 PM
....". Seven Conservative peers voted in favour of the amendment, which was proposed by Labour with the support of the Liberal Democrats. ...
Trump lays out hike in military spending image
Source : BBC [Read Article] Monday 27th of February 2017 09:03:25 PM
.... . Mr Trump's plan is expected to face backlash from Democrats and some Republicans over the planned cuts to domestic programmes. ...
Chris Grayling tells Japan: some of our trains are superior to yours image
Source : Guardian [Read Article] Sunday 26th of February 2017 05:03:58 PM
....”. Norman Baker, the Liberal Democrats’ former coalition government transport minister, praised Grayling’s thinking. ...
Ministers expected to soften impact of business rate changes image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:03:22 PM
....His colleague, Bill Esterson, the shadow business minister, called for a “comprehensive overhaul” of the entire system. The Liberal Democrats are also attacking the government over the controversy, and have picked out individual companies badly hit including the restaurant featured in the hit television programme, First Dates, which will face a 37% increase in rates – equivalent to almost £27,000. ...
Business rate rises: government warns of 'campaign of half-truths' image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:22:16 AM
....In an email to Tory MPs, Sajid Javid, the communities secretary, and David Gauke, the chief secretary to the Treasury, said there had been “a relentless campaign of distortions and half-truths” about a business rate revaluation and said most firms would not see a rise. However, ratings agency Gerald Eve and the Liberal Democrats, which have done separate analyses, say the figures have been underestimated. ...
Hammond in ‘listening mode’ on business rates after backlash from Tories image
....An analysis by the consultancy Gerald Eve was also reported to show that rates will only fall in 135 council areas, not the 259 claimed by the government. The controversy led to the Liberal Democrats accusing the ministers of misleading people with “half truths”. ...
Senators grill Janet Yellen on Republican plans to neuter Dodd-Frank Act image
Source : Guardian [Read Article] Tuesday 14th of February 2017 05:35:18 PM
.... I would also hope that fiscal policy changes will be consistent with putting US fiscal accounts on a sustainable trajectory,” she said. The committee’s questions displayed the split between Republicans and Democrats in the wake of Trump’s victory. ...
Brexit weekly briefing: article 50 moves closer but EU dashes divorce deal hopes image
.... It isn’t a concession – it’s an ultimatum. The other amendment would have given all EU citizens in the UK permanent residency after Britain leaves the EU (although the Liberal Democrats say they are confident of enough cross-party support to get this one through the Lords, where the government’s Brexit bill heads next. ...

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