Osborne “absolutely not for turning”
The Chancellor of the Exchequer is “absolutely not for turning”. He did actually say the words to me, fully conscious of their historical resonance.
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As the European Central Bank prepares for emergency talks, David Cameron joins world leaders in a battle to calm economic fears ahead of stock markets opening on Monday.
The Chancellor of the Exchequer is “absolutely not for turning”. He did actually say the words to me, fully conscious of their historical resonance.
Crucial talks on US debt have collapsed again. America will run out of money on 2 August, if its debt ceiling is not raised, causing a potentially catastrophic default.
The US credit ratings agency has put the American government’s gold standard AAA credit rating in the relegation zone. It is officially on a negative outlook, which according to S&P means there is at least a one-in-three chance that the US could lose its triple A status.
Jon tips his cap to Inside Job, the Oscar-winning documentary which exposed some startling home truths about the avoidability of the 2008 financial meltdown, blogs Jon Snow.
A Conservative Chancellor comes to power and the economy starts to soar away.
UK economic growth in the third quarter grew by a better than expected 0.8 per cent. Our Economics Editor, Faisal Islam says it’s the best day of news for George Osborne since he became Chancellor.
Faisal Islam blogs about the shrinking Irish economy, and the warning signals it’s sending the Treasury.
Unions say over two million people have turned out to protest against President Sarkozy’s pension reform bill, which will increase the minimum retirement age to 62.
The Chancellor has lanced the boil of the fiscal crisis. Britain’s AAA rating is safe But he has done more than necessary to meet his fiscal target, so the VAT rise was ‘avoidable’ George Osborne’s new fiscal mandate has curious echoes of Gordon Brown’s old one And the Budget overstates the progressivity / fairness of…
The claim “This year, actually, we are borrowing more as a percentage of GDP than the Greeks are. Of course there are differences between Britain and Greece and you can see that in all sorts of ways. But Greece stands as a warning to what happens if you don’t pay back your debts.” David Cameron,…
The UK financial system was bailed out by the taxpayer to the tune of £500bn in 2008. Economics Editor Faisal Islam analyses the government’s response as it pumped billions of pounds into the city.
As the COVID-19 pandemic unfolds, scientists are rushing to carry out and publish research which will help us understand how the virus works, and how the disease it causes can be treated.
Are Nigeria and Afghanistan really “fantastically corrupt”? Are Britain’s hands clean when it comes to fighting corruption?
The Conservatives are putting their handling of the economy at the centre of the election battle. But not everything has gone according to plan.