As Labour’s iron man, Ed Balls could do the trick

The tough-as-titanium spending plan Ed Balls laid out could clinch an election. Can Ed Miliband provide matching vision?An alarming 47% of voters say Labour “cannot be trusted with the economy”, in a Labourlist/Survation poll this week. Two years to the election the two Eds need to scale that cliff of mistrust: this week they strap […]
Continue reading…

Enjoyed this post? Share it!

 
 

Falling investment poses another problem for Osborne

UK economy does need to rebalance towards investment, manufacturing and exports; thus far there is precious little sign of it happeningEd Balls and Chuka Umunna chose their moment well. On the day that official figures showed that capital spending fell by 0.8% in the first three months of 2013, Labour released figures showing that Britain […]
Continue reading…

Enjoyed this post? Share it!

 
 

Osborne prepares ground for RBS and Lloyds sell-off

IMF calls on chancellor to devise a ‘clear strategy’ for bailed-out banks and pour more taxpayer funds into them if necessaryGeorge Osborne is preparing to set out his plans to return bailed-out Lloyds Banking Group and Royal Bank of Scotland to the private sector after the International Monetary Fund called on him to devise a […]
Continue reading…

Enjoyed this post? Share it!

 
 

G7 agrees tax evasion action needed – Osborne

Chancellor states importance of nations’ collective action over tax avoidance and evasion on final day of financial summitThe G7 group of industrialised nations has agreed collective action needs to be taken to target tax avoidance and evasion, the chancellor George Osborne has said.Speaking at the end of the two-day summit of finance ministers and central […]
Continue reading…

Enjoyed this post? Share it!

 
 

UK GDP: Osborne hails triple-dip escape as sign of ‘healing economy’

But Labour and economists insist the figures don’t add up to a recoveryGeorge Osborne has hailed news that the UK escaped a triple-dip recession in the first quarter of 2013 as evidence that the coalition’s policies are helping to “build an economy fit for the future”.After a challenging week, in which the International Monetary Fund […]
Continue reading…

Enjoyed this post? Share it!

 
 

Is George Osborne the worst chancellor?

In our latest roundup of questions suggested by Google for people or stories in the news, we find out a little more about chancellor George OsborneIs George Osborne the worst chancellor?As in worst chancellor of the exchequer ever? Probably not. There have been some real clowns. Conservative chancellor George Ward Hunt, for example, back in […]
Continue reading…

Enjoyed this post? Share it!

 
 

Osborne scorns Scottish independence camp’s plan for currency union

Scottish finance secretary tells chancellor to ‘grow up’ after he pours cold water on SNP’s plans to retain pound sterlingGeorge Osborne has stepped up the Treasury’s attacks on Scottish independence by warning it is “unlikely” the UK would agree to a sterling currency union that could threaten the economy.In a blunt assault on Alex Salmond’s […]
Continue reading…

Enjoyed this post? Share it!

 
 

Scotland currency row: Osborne accused of ‘scaremongering’

Scottish finance secretary says there is compelling case for currency agreement between Scotland and rest of UKJohn Swinney, the Scottish finance secretary, has accused George Osborne of using “shock tactics and scaremongering” to defeat the rational case for a currency pact between an independent Scotland and the UK.Swinney said the chancellor’s warnings that the UK […]
Continue reading…

Enjoyed this post? Share it!

 
 

Unemployment adds to pressure on Osborne

Unemployment reaches 2.56 million as another 20,000 under-25s add their names to the registerUnemployment jumped by 70,000 in the three months to the end of February, amid the lowest growth in pay rises since 2001, as pressure mounts on George Osborne to adopt a more aggressive growth strategy.The number of unemployed people reached 2.56 million, […]
Continue reading…

Enjoyed this post? Share it!