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Osborne avoids clash over UK’s IMF exposure
After a relatively minor clash with Tory MPs over an increase of the loan to the IMF, George Osborne has emerged relatively unscathed.
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Chancellor George Osborne and ex-prime minister Gordon Brown are set to appear before the Leveson inquiry as the investigation into media standards enters its most politically charged week.
Uncertainty about the future of the eurozone is killing off a UK economic recovery already threatened by high oil prices and Britain’s debt burden, says the Chancellor George Osborne.
After a relatively minor clash with Tory MPs over an increase of the loan to the IMF, George Osborne has emerged relatively unscathed.
In an interview with Channel 4 News Chancellor George Osborne defends his decision to give an extra £10bn loan to the International Monetary Fund while preaching austerity measures at home.
Chancellor George Osborne agrees to lend the IMF an extra £10bn, despite backbench Conservative concerns.
Should MPs’ tax returns be made public? As the Chancellor says he would be happy to publish his, a former Tory Cabinet minister tells us it is an unwarranted invasion of privacy.
“What is clear though, is that the Office of Tax Simplification does not offer much of an alibi for the change announced on Wednesday.”
It was a calculated political gamble. And there’s a good chance it will work – it all depends on whether Britain’s middle class voters howl in outrage at unfairness or smile in anticipation that they’ll be winners tomorrow. George Osborne will have known perfectly well that he would face fierce political attack from Labour today and he’s done it anyway, because this was his only chance.
Personal tax statements indicating how money will be spent and the scrapping of the 50p tax rate are expected as George Osborne promises Wednesday’s budget will be “for working people”.
After a few days of watching the reaction to the reduction of the 50p rate, George Osborne may be having second thoughts about its complete abolition, writes Gary Gibbon.
The Chancellor says this week’s budget will help people on low and middle incomes, and promises an “aggressive” policy on the super-rich who dodge property taxes.
Chancellor George Osborne is rumoured to be preparing to cut the 50p top rate of tax in next week’s budget.
A second ratings agency has effectively lowered their assessment of Britain’s creditworthiness, just days before an important Budget.
Channel 4 News Political Editor Gary Gibbon blogs on the Chancellor’s Budget options – will he scrap the 50p tax rate and make changes to his plans to scrap child benefit for 40p taxpayers?
A lot of pre-Budget kite-flying going on. Always a danger that you raise expectations with exercises like that and then find you can’t deliver on them. On child benefit, the Treasury seems to be looking at a number of ways of ameliorating the child benefit removal for 40 per cent tax payers. All of them look pretty expensive. The plan is to have something ready to announce in the Budget on 21 March.