Ed Balls calls for fuel duty rise to be postponed

Labour to force Commons vote as shadow chancellor claims government should crack down on tax avoidance instead Labour will force a Commons vote next week to call for a planned 3p hike in fuel duty to be postponed for a second time. The shadow chancellor, Ed Balls, said “it cannot be right” to hit struggling […]


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Weak August UK factory output dents recovery hopes

Manufacturing output dropped 1.1% in August, Office for National Statistics said, casting doubt on hopes of growth in the third quarter British factory output dropped in August and the country’s trade deficit widened sharply, data showed on Tuesday, dampening prospects for a sustained recovery in the second half of 2012. Manufacturing output dropped 1.1% in […]


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George Osborne: Euro crisis ‘killing’ UK economy

Chancellor says eurozone leaders facing a ‘moment of truth’ which could determine the future of the entire continent Britain’s prospects for economic recovery are being “killed off” by the crisis in the eurozone, Chancellor George Osborne has warned. In a stark message to the leaders of the 17-nation single currency bloc, Osborne said they were […]


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