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The article presents the viewership comparison for the television broadcast of the royal wedding of Prince William and Kate Middleton in Great Britain and the National Football League (NFL) lockout in the U.S. it is mentioned that around two billion people are expected to watch the royal wedding on April 29, 2011 whereas only 19 million are expected to see NFL first round broadcast on ESPN and NFL Network. Also, the average bet for royal wedding is 2 to 6 and average soccer bet is around 14.

The article discusses the reaction in Great Britain over Prime Minister David Cameron's proposed 130 billion dollars spending-cut plan. The British paper "The Observer" published a letter from 52 economists appealing Cameron and Chancellor of the Exchequer George Osborne to give a second thought to their radical plan to lower government spending. The British have already suffered due to a sales tax boost to 20 percent, from 17.5 percent, which has boosted the rate of inflation

BBA says BOE's reporting proposal risks confusing investors The Financial Policy Committee of the BOE, which set the leverage-ratio policy, also requires banks to have enough Tier 1 capital to meet a countercyclical leverage ratio buffer rate of 35 percent of its countercyclical capital buffer rate. [Extracted from the article]

Separately, the BOE's Prudential Regulation Authority estimated its so-called ring-fencing regulation could mean an additional capital requirement of as much as 3.3 billion pounds ($5.1 billion) for affected banks by 2019, an amount analysts said wouldn't be difficult to raise. Applying bank-specific capital requirements to a ring-fenced lender on a sub-consolidated basis and not granting large-exposure permissions across the ring-fence could boost total capital requirements by 2.2 billion pounds to 3.3 billion pounds in aggregate, the PRA said. [Extracted from the article]

Osborne commits to negotiating with EU to remove tax The U.K. will give taxes raised from the sale of tampons and sanitary towels to women's charities, Chancellor of the Exchequer George Osborne announced. "We already charge the lowest 5 percent rate allowable under European law and we're committed to getting the EU rules changed", Osborne said in his Autumn Statement to Parliament in London Wednesday. [Extracted from the article]

BOE extends banks' transitional period until end of 2017 British banks including Barclays Plc and HSBC Holdings Plc gained another year before they're required to publicly disclose the daily average they use in calculating their leverage ratios, the Bank of England said, extending the transitional period until the end of 2017. [Extracted from the article]

The U.K.'s biggest banks will need to issue 26 billion pounds ($39 billion) of new loss-absorbing securities to comply with rules intended to ensure they can be wound down without resorting to a taxpayer-funded bailout or halting services crucial to the economy. The BOE said that lenders shouldn't be able to count common equity Tier 1 capital, a measure of financial strength, both toward European Union resolution rules and the risk-weighted capital and leverage buffers set by regulators. [Extracted from the article]

To contact the reporter on this story:Nishant Kumar in London at nkumar173@bloomberg.netTo contact the editors responsible for this story:Neil Callanan at ncallanan@bloomberg.netMichael Shanahan, Andrew Blackman Attribution Nishant Kumar: by reporter Michael Shanahan: editor Neil Callanan: editor responsible Andrew Blackman: editor. [Extracted from the article]

Most lawmakers say a third runway at London's Heathrow is the preferred method of expanding U.K. airport capacity, according to a survey commissioned by Heathrow. To contact the reporter on this story:Robert Hutton in London at rhutton1@bloomberg.netTo contact the editors responsible for this story:Alan Crawford at acrawford6@bloomberg.netMike Harrison, Amy Teibel Attribution Amy Teibel: editor Mike Harrison: editor Robert Hutton: by reporter Alan Crawford: editor responsible. [Extracted from the article]

Winnow's smart scale promises to cut restaurant waste in half Zornes said Winnow will use the funding to continue to improve its software as well as growing both in the U.K., and with some of its larger corporate hospitality clients, internationally. [Extracted from the article]

The Bank of England started a review of the U.K.'s payments system to take into account greater use of electronic banking and better prepare it for digital currencies and cyber attacks. Deputy Governor for Markets and Banking Minouche Shafik said the BOE is aware of the importance of the system. [Extracted from the article]

Bank Probe Extended in U.K. After Lawmakers Attack "Lazy" Review CMA opens door to tougher remedies after wave of responses The CMA will publish a working paper on the bank levy and corporation tax surcharge by the end of February, according to the statement. [Extracted from the article]

Russian ex-KGB officer Alexander Lebedev bought the Independent and the Independent on Sunday newspapers for 1 pound in 2010, after snapping up the London Evening Standard a year earlier. To contact the reporter on this story:Kristen Schweizer in London at kschweizer1@bloomberg.netTo contact the editors responsible for this story:Kenneth Wong at kwong11@bloomberg.netKim McLaughlin, Phil Serafino Attribution Kenneth Wong: editor responsible Phil Serafino: editor Kristen Schweizer: by reporter Kim McLaughlin: editor. [Extracted from the article]

Vote Leave, one of the groups pushing to get the U.K. out of the EU, had floated the idea of a second plebiscite as a way of taking the sting out of the coming referendum decision. Attribution Ian Wishart: by reporter Eddie Buckle: editor Robert Hutton: by reporter Alan Crawford: editor responsible Richard Bravo: editor. [Extracted from the article]

Mandelson Tells U.K. Pro-"Brexit" Ministers: "Stop Whinging" (1) Mandelson was weighing into an argument that flared up after Cabinet Secretary Jeremy Heywood told civil servants that it isn't "appropriate or permissible" for them to brief pro-"Brexit" ministers about the referendum. "Frankly, I think those ministers are lucky", the former business secretary said, explaining that when he was in government under Labour prime ministers Tony Blair and Gordon Brown, a dissenting minister would have been given a single piece of paper, firing them. [Extracted from the article]

Energy storage technologies may save U.K. consumers as much as 2.4 billion pounds ($3.35 billion) a year by 2030, according to a new report funded by three utilities. To contact the reporter on this story:Jessica Shankleman in London at jshankleman@bloomberg.netTo contact the editors responsible for this story:Reed Landberg at landberg@bloomberg.netJonathan Tirone. [Extracted from the article]

Reforms make senior managers accountable when things go wrong To contact the reporter on this story:John Glover in London at johnglover@bloomberg.netTo contact the editors responsible for this story:Patrick Henry at phenry8@bloomberg.netMichael J. Moore. [Extracted from the article]

Chancellor wants U.K. to become global center for fintech Osborne went so far as to meet Apple Inc. Chief Executive Officer Tim Cook in November, discussing payment technologies and saying afterward that U.K. policy makers "will go out of our way" to make Britain a global center for fintech. [Extracted from the article]

New polymer bills will require replacement of cash machines The polymer bills collect far less dust than paper money, which can leave the interior of cash machines filthy. [Extracted from the article]

Extreme weather caused by climate change unlikley to hit crops The U.K.'s 100 million pound ($144 million) wine industry will thrive in warmer temperatures caused by climate change, so long as investors carefully site vineyards and prepare for some poor harvests caused by weather shocks. [Extracted from the article]

(Bloomberg View) -- U.K. Should Heed Mr. Dull, Not Mr. Fun on Europe: Marc Champion Two voices are coming to define the argument over whether Britain should vote to leave the European Union in June: those of Boris Johnson, a contender for prime minister when David Cameron steps down, and of John Major, who already held the job. Similarly, Johnson says the U.K. parliament has found that 59 percent of U.K. laws are from the EU (it found that 15 percent to 55 percent of laws and regulations descend from the EU, depending on the criteria used). [Extracted from the article]

Employers must show they took precautions to stop illegality To contact the reporter on this story:Robert Hutton in London at rhutton1@bloomberg.netTo contact the editors responsible for this story:Alan Crawford at acrawford6@bloomberg.netPaul Jarvis, Stephen Treloar Attribution Paul Jarvis: editor Robert Hutton: by reporter Alan Crawford: editor responsible Stephen Treloar: editor. [Extracted from the article]

FCA enforcement head Mark Steward said agency hasn't seen data To contact the reporter on this story:Suzi Ring in London at sring5@bloomberg.netTo contact the editors responsible for this story:Anthony Aarons at aaarons@bloomberg.netChristopher Elser, Eddie Buckle Attribution Suzi Ring: by reporter Anthony Aarons: editor responsible Eddie Buckle: editor Christopher Elser: editor. [Extracted from the article]

Some 380,000 Irish living in the U.K. can vote on June 23 Renehan, 38, jokes with his English wife that she will languish in airport lines as he and his two children sail serenely through Europe on their Irish papers if the U.K. opts to leave the European Union in the referendum on June 23. [Extracted from the article]

Innovia agrees to buy Australian ink, toner-maker Barroven Innovia Group, the supplier of polymers used to make the U.K.'s first plastic banknotes, plans to buy an Australian maker of secure inks as central banks increasingly opt to replace paper currency. [Extracted from the article]

Iraj Parvizi went from kebab shop to stock-market riches Maxwell-Brown's company, Parvizi said, provided short-term loans to wealthy foreigners looking to buy assets in the U.K. The cash came from private and commercial investors. Parvizi was so obsessed with gambling in all its forms that he earned the nickname the "Mad Punter." Parvizi and his business partner and fellow defendant, 71-year-old Scotsman Ben Anderson, who was also acquitted, were part of an elite band of wealthy private traders who distinguished themselves by the quality of the tips they received and their ability to influence the market. [Extracted from the article]

Gabay died from "aggressive form of brain cancer" this week After working at JPMorgan Chase & Co. and the BOE, Gabay set up London-based Fathom in 2003 along with fellow ex-U.K. central bank employees Shamik Dhar and Andrew Clare. [Extracted from the article]

"Small and mid caps have a much larger exposure to the U.K. earnings stream than the large caps stocks which are more international", said Boucher, a London based fund manager at the firm, which overseas about 16 billion pounds ($23 billion). "There is certainly a weakening of the U.K. economy which is partly a function of Brexit risk and will hurt smaller companies more than larger ones", said Guy Foster, the head of research at Brewin Dolphin in London. [Extracted from the article]

Culture Secretary Whittingdale proposes scrapping BBC Trust Attribution Ville Heiskanen: editor Eric Pfanner: by reporter Kristen Schweizer: by reporter Anthony Palazzo: editor responsible Kim McLaughlin: editor. [Extracted from the article]

Press group rules March headline breached editors' code The Sun, a U.K. tabloid newspaper, broke press standards with a front-page headline reading "Queen backs Brexit" after Buckingham Palace filed a complaint saying it was inaccurate, a watchdog group ruled. Attribution Eric Pfanner: editor Kristen Schweizer: by reporter Anthony Palazzo: editor responsible Kim McLaughlin: editor. [Extracted from the article]

Supreme Court rejects newspaper bid to reveal celebrity affair Attribution Anthony Aarons: editor responsible Kristen Schweizer: assist Christopher Elser: editor Kim McLaughlin: editor Kit Chellel: by reporter. [Extracted from the article]

Switzerland is preparing for a final round of negotiations with the European Union on immigration in the 13 days following the U.K. vote on EU membership, Swiss newspaper Tages-Anzeiger reported, without saying how it got the information. Switzerland's chief negotiator with the EU, Jacques de Watteville, informed the government on Wednesday about his plan for talks on limiting the number of EU newcomers to the country, the newspaper said. [Extracted from the article]

Lloyd's of London said that at least 34,000 jobs in the city's commercial insurance industry are at risk if Britain votes to leave the European Union, with some companies drawing up plans to relocate outside of the U.K. Attribution Keith Campbell: editor Sarah Jones: by reporter Michael Shanahan: editor Neil Callanan: editor responsible. [Extracted from the article]

The U.K. government wins concessions more often than it loses ground when European Union lawmakers draft rules governing the financial-services industry, according to research from the City of London Corporation, which governs and lobbies for the British capital's financial district. To contact the reporter on this story:Richard Partington in London at rpartington@bloomberg.netTo contact the editors responsible for this story:Michael J. Moore at mmoore55@bloomberg.netKeith Campbell, Steven Crabill. [Extracted from the article]

Germany and the U.K. rejected efforts to soften the European Union's implementation of global bank-failure rules intended to prevent taxpayer-funded bailouts. Germany and the U.K. said the EU should make TLAC mandatory only for the biggest banks -- those on the FSB's list of the 30 most systemically important firms. [Extracted from the article]

The International Monetary Fund weighed in once more with its thoughts on Britain's referendum, warning the U.K. could slide into a recession if it quits the European Union. IMF officials also discussed more fundamental economic issues for the U.K., including low productivity growth, the record current-account deficit and high levels of household debt. [Extracted from the article]

U.K. has lost $10.3 billion in value of RBS, Lloyds holdings While the U.K. government is sitting on a major paper loss, the stock market collapse has also taken a chunk out of the personal wealth of the nation's bank chiefs and some of their biggest backers. [Extracted from the article]

British officials held talks with BP and Shell about Iraqi oil Shell and BP, according to the documents, told British officials they would only invest in the country once Iraq had a new constitution. [Extracted from the article]

Weaker pound may have impact on profit margins in Britain Attribution Vidya Root: editor Jerrold Colten: editor responsible Henrique Almeida: by reporter Joao Lima: editor. [Extracted from the article]

Boris Johnson spent more than 200,000 pounds on three second-hand German water cannons when he was mayor of London, thinking Home Secretary Theresa May would rubber-stamp their use by the police. "Woe-betide the minister who goes into a meeting with Theresa May unprepared", Cabinet Office Minister Matthew Hancock said in a telephone interview after May won the first round of voting in the Conservative Party leadership race on Tuesday. When she and leadership contender Michael Gove locked horns two years ago over Islamic extremism in schools, May came out on top when he was demoted soon after. [Extracted from the article]

Jeremy Corbyn said he'll confront a challenge to his U.K. Labour Party leadership head on as the fallout from the vote to leave the European Union sparks a splintering of his opposition group. Long at the left fringes of the party, Corbyn began last year's leadership election as a 200-to-1 outsider before surging to a surprise win with 60 percent of the vote in the wider party. [Extracted from the article]

German Chancellor Angela Merkel said she expects the next U.K. prime minister to honor the Brexit referendum's result and start talks with the European Union on leaving the bloc. Attribution Arne Delfs: by reporter Alan Crawford: editor responsible Theo Mullen: editor Tony Czuczka: editor. [Extracted from the article]

Corbyn faces challenge from former business spokeswoman Eagle Jeremy Corbyn's hopes of remaining head of the U.K. Labour Party received a significant boost when its governing body ruled he should automatically be able to stand in the leadership contest triggered by his former business spokeswoman, Angela Eagle. [Extracted from the article]

Energy and climate change department abolished in overhaul The scrapping of the energy and climate change department may heighten uncertainty among investors at a time when the U.K. is trying to phase out all its coal-fired power plants while encouraging new nuclear and gas-fired plants and renewable energy. [Extracted from the article]

EU Considers Migration "Emergency Brake" for U.K., Observer Says The European Union is considering giving the U.K. a seven-year exemption from rules allowing free movement of people while permitting it to maintain access to the single market, The Observer newspaper reported. Hans van Baalen, a Dutch Member of the European Parliament, said that the immigration exemption is possible as long as the rights of EU citizens already living in Britain are guaranteed, the Observer said. [Extracted from the article]

Lawyer for Soma says company risks "death" because of probe In May 2015, a London court ruled the SFO acted lawfully in refusing to allow three senior GlaxoSmithKline Plc to be accompanied in their SFO interviews by lawyers representing the company, as part of its investigation into the U.K. drugmaker's commercial practices. [Extracted from the article]

Finns are about to get a tax cut and they have British euro-skeptics to thank for it. Weak global growth and uncertainty fueled by the U.K. vote to leave the European Union have persuaded Finnish Prime Minister Juha Sipila to bring forward income tax cuts that weren't originally due until at least after March 2017. [Extracted from the article]

Britain will punish tax evaders with fines as much as three times the value of the money they owe under stringent new penalties proposed on Wednesday. Attribution Alex Morales: by reporter Andrew Atkinson: editor Eddie Buckle: editor Alan Crawford: editor responsible. [Extracted from the article]

Japanese Prime Minister Shinzo Abe told Britain's Theresa May that companies from his country needed more certainty about Brexit as they considered the future of their investments in hers. Attribution Andrew Atkinson: editor Svenja O'Donnell: assist Eddie Buckle: editor Robert Hutton: by reporter Alan Crawford: editor responsible Isabel Reynolds: by reporter. [Extracted from the article]

It also mirrors the arguments made by campaigners for Brexit, who said EU nations wouldn't want to lose access to one of their biggest export markets by cutting the U.K. out of its free-trade area. Also speaking on the panel, Andrew Gray, U.K. regional financial services leader at PricewaterhouseCoopers LLP, said that some of the wider costs that would impact the U.K. and Europe "should be more fully understood" before negotiating positions get too hard. [Extracted from the article]