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EU vote to be set at heart of Queen’s Speech
David Cameron told ministers yesterday that he would put the Conservatives’ pledge to hold a referendum on Britain’s membership of the EU at the centre of next week’s Queen’s Speech. The prime minister took colleagues through each of the measures that will make up his first set of bills as leader of the majority of the government.
Companies and Markets
Shell hits back over calls to dump shares
The chief executive of Royal Dutch Shell told environmental campaigners yesterday that their calls for investors to dump shares in the world’s big energy groups “ignore reality”. Ben van Beurden mounted a robust defence of the oul and gas industry at the Anglo-Dutch group’s annual meeting the The Hague, saying fossil fuels were needed to meet growing demand for energy, especially in emerging markets.
French warn Cameron to forget about treaty change
France has categorically ruled out David Cameron’s demand for treaty change to enshrine a new European Union settlement for Britain. Mr Cameron will use an informal meeting of EU leaders in Riga on Friday to begin making his case for European reform before a British referendum as early as next year.
We hate red tape too, EU insists as it cuts needles rules
Eurosceptics across the continent cite red tape as an example of bureaucratic waste. That is now also the view in Brussels where yesterday officials moved to overhaul their rulemaking procedures, promising new safeguards to prevent useless laws ending up on the statute books.
We will still explore Arctic region despite protests, insists Shell chief
Shell’s chief executive has staged a defiant performance at the company’s annual shareholders meeting, claiming that calls to curb new oil developments were “unrealistic” and saying that there would always be opponents to plans to drill in the Arctic.
Autumn of discontent looms as unions plot anti-austerity strikes
General strikes could sweep the country this autumn as trade unions plan co-ordinated industrial action to fight the Government’s austerity drive. Mark Serwotka, general secretary of the Public and Commercial Services (PCS) union, which represents hundreds of thousands of public sector workers, said the movement needed to be “determined and inspired”.
UK falls into deflation but set to bounce back ‘within days’
Britain’s first period of deflation in more than half a century will be short-lived, according to economists who said the spell of falling prices was likely to end within days. The pound fell yesterday after official data showed prices, as measured by the consumer prices index (CPI), fell by 0.1pc in the year to April, following zero inflation in February and March.
Euro in big sell-off after ECB chief’s dinner speech
A European Central Bank pledge to “front-load” its bond purchases before the summer has sparked controversy after hedge funds were given access to the market-sensitive information before the wider public.