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The UK economy grew by 0.8 per cent in the second quarter and has now recovered the ground lost since the downturn began in 2008, according to official figures released this morning.
Despite rising growth in the economy, Chancellor George Osborne tells Channel 4 News Britain needs to invest, manufacture and build more.
Chancellor George Osborne will deliver his fifth budget on Wednesday. It is bound to include measures that could not have been predicted, but here is what we can expect.
For years, those with money in savings accounts have received a raw deal. Now the chancellor, with the 2015 election in mind, has unveiled a budget for savers and pensioners.
A new garden city is to be built in Ebsfleet in the Thames estuary, and the government’s help to buy scheme is to be extended until the end of the decade, Chancellor George Osborne announces.
Scotland’s First Minister Alex Salmond says George Osborne’s “diktat”, rejecting a currency union with an independent Scotland, has backfired north of the border.
Chancellor George Osborne says he would not sign up to a currency union with an independent Scotland, saying such a deal would “not work” and was “not going to happen”.
If you believe that the government’s policies contributed to further imbalances, it might appear a little cheeky to argue: “Vote for me and I will rebalance the economy I further imbalanced.”
Chancellor George Osborne tells Channel 4 News that positive growth figures show the government’s long-term economic plan is working, but there is still more to do.
Gary Gibbon
The dance of the minimum wage veil continues as Chancellor George Osborne blasts a fanfare for a 70p hike in the minimum wage.
Gary Gibbon
The Conservative party’s problems over EU policy are not confined to the backbenches – it has lots of work to do to persuade other EU nations of the need for a new treaty.
George Osborne emphasises Tory determination to reform the European Union, saying Europe is at risk of falling behind Asia’s economic titans.
Cracks in the government’s welfare strategy open up after allies of Iain Duncan Smith round on George Osborne for announcing a further £12bn in benefit cuts.
Gary Gibbon
George Osborne said he wanted to warn about “a dangerous new complacency” that he’d sensed on the economy. Privately, he and others at the top of the Tory party think they may have contributed to this.
Chancellor George Osborne reinforces his plans for lower spending – and warns that only further austerity measures can pay for tax cuts and better job prospects.