Osborne marks GDP moment
George Osborne’s response to news that Britain has recovered all the ground lost in the recession of 2008-09 speaks volumes of a government that believes it can win the election.
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Britain’s economy is a world-beating powerhouse, according to the chancellor. Are we really outpacing every major advanced economy on the planet?
George Osborne’s response to news that Britain has recovered all the ground lost in the recession of 2008-09 speaks volumes of a government that believes it can win the election.
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.
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”.
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.
The dance of the minimum wage veil continues as Chancellor George Osborne blasts a fanfare for a 70p hike in the minimum wage.
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.
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.
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.
Nick Clegg criticises George Osborne’s plans to fix the British economy with deep cuts to the welfare budget, saying the chancellor is heaping the burden on those with the “narrowest shoulders”.
The chancellor had his revised growth updates to wave at Labour today but the cost of living indicators which Ed Miliband has got him looking at are a little bit more precarious.
The chancellor says he is scrapping employers’ national insurance contribution for under 21s from April 2015 and insists his austerity measures are working, but says the hard work is not over yet.
Autumn statement: George Osborne announces the widely anticipated raising of the state pension age.
Today’s GDP numbers are not the highest under George Osborne’s chancellorship. But they offer the possibility that confidence and investment will trigger a virtuous spiral in the Uk economy.