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Government borrowing hits new highs
The instant reactions of our political editor, Gary Gibbon, to the chancellor’s autumn statement.
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As Nicolas Sarkozy and Angela Merkel discuss the eurozone debt crisis in Paris, an economist tells Channel 4 News the single currency cannot survive in its present form.
After key talks with German Chancellor Angela Merkel, France’s President Nicolas Sarkozy says Europe needs a new treaty – as six Euro countries face credit downgrade.
Germany’s leader Angela Merkel wants a new treaty and a “fiscal union” to save the eurozone from collapse, but new rules in Europe could see David Cameron face a backbench revolt.
The instant reactions of our political editor, Gary Gibbon, to the chancellor’s autumn statement.
As Chancellor George Osborne announces that growth will be lower than forecast, Channel 4 News asks economists how they would boost activity.
How does George Osborne get to an eye-catching “£30b” total for new infrastructure spending? To what degree is he, as The Spectator used accuse Gordon Brown, “telling Brownies” – puffing up numbers for effect?
On Monday, David Cameron will announce a significant housing scheme including some sort of mortgage indemnity scheme for new build homes. There are many many questions about such a well-intentioned scheme designed to help rebuild the broken lower rungs of Britain’s housing market.
Northern Rock will be sold to Virgin Money for an initial £747m, at an estimated loss of over £400m to the taxpayer. But the government insists it was the best deal on the table.
As the Bank of England lowers its forecasts, an economist tells Channel 4 News Britain is unlikely to grow at all next year.
Inflation may rise again this year before dropping significantly in 2012, a former Bank of England economist tells Channel 4 News.
President Napolitano has asked technocrat Mario Monti to form a new Italian government. Mr Monti said he wanted to work with the president to eliminate his “reservations” in accepting the post.
Silvio Berlusconi’s offer to resign as Italian prime minister has been accepted by President Napolitano, paving the way for his likely replacement by technocrat Mario Monti.
As Germany says the European Central Bank does not have “unlimited firepower” to come to the aid of indebted countries, an economist tells Channel 4 News it must do.
Sources in the EU say Germany and France are looking at a smaller eurozone, but economists tell Channel 4 News it will be a “Pandora’s box” and “the message from the Greek myth was do not open it”.
Silvio Berlusconi wins a parliamentary vote on Italy’s public finances, but loses his majority as a revolt within his own party continues to grow. Channel 4 News looks at Italy’s political future.