I return to a banana republic – or is it a ‘rag trade republic’?
“As I spent most of the time in the rainforests of Central America, I can’t quite be sure whether I’ve come from or returned to some sort of banana republic.”
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“As I spent most of the time in the rainforests of Central America, I can’t quite be sure whether I’ve come from or returned to some sort of banana republic.”
As Italy’s Finance Minister Tremonti pushes ahead with his austerity plan, markets remain volatile over concerns that the debt crisis could spread to the eurozone’s third largest economy.
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Chancellor tells Channel 4 News the VAT increase – identified by the Bank of England as a contributing factor to today’s CPI increase – was essential in dealing with the budget deficit.
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International Monetary Fund Managing Director Dominique Strauss-Kahn is arrested at JFK Airport in New York in connection with an alleged sexual assault on a hotel maid.
As the Bank of England cuts its growth forecast and warns of volatile inflation, one economist tells Channel 4 News the Bank’s latest figures may still be too optimistic.
“Too far and too fast” is the Labour mantra on Coalition cuts. But is the Chancellor to blame for the bad news on Britain’s flatlining economy.
Britain’s economy has recovered by just 0.5 per cent at the start of 2011, undermined by a big drop in construction, and Labour has seized upon the results to criticise Chancellor George Osborne.
Economists tell Channel 4 News interest rates for home owners may stay on hold until the end of next year as inflation dropped unexpectedly last month to 4 per cent.
As Bank of England policymakers keep interest rates on hold again, a victim of the Northern Rock collapse tells Channel 4 News “I would be very frightened if I had a mortgage now”.
As the Government outlines plans to create a flat £140-a-week state pension to fix a system it says is “in crisis”, Channel 4 News looks at why less than half of people under 35 save for a pension.
Chancellor George Osborne delivers Budget 2011 and a fuel duty “bombshell”. Follow reaction and analysis, plus video and comments from the #c4Budget Twitter panel.
Chancellor George Osborne claims his Budget will “put fuel into the tank of the British economy” as he cuts petrol duty by 1p a litre and unveils a package of measures to boost businesses.