Banking crisis 'as bad as a world war'
The former boss of HBOS tells MPs incompetence was as much to blame as the financial crisis for the collapse of his bank and admits he is deeply sorry. But he keeps his knighthood.
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In a gloomy autumn statement, Chancellor George Osborne is set to warn there are no “miracle cures” for Britain as he looks for £5bn more cuts and signals austerity is here to stay.
“Stability is our foundation” said Gordon Brown in 2006 as he gave an autumn statement predicting future years of sustained economic growth – but a lot has changed since then.
The final Olympic bill could come in £377m under budget but the government must provide strong leadership to ensure the legacy is not wasted, a new report claims.
As Chancellor George Osborne delivers his autumn statement on the economy and spending, we gather some alternative suggestions on to how to tackle the country’s fiscal woes.
Watch live as George Osborne delivers his mini-budget for Britain.
With one-in-four UK children living in poverty, critics fear the coalition’s benefit cuts pose serious risks to the most vulnerable: the cutback kids growing up in a decade of debt.
George Osborne unveils a real-terms cut in working age benefits in his autumn statement in a bid to boost the UK’s struggling economy.
The latest government promise to get tough with corporate tax dodgers raises more questions than it answers.
The former boss of HBOS tells MPs incompetence was as much to blame as the financial crisis for the collapse of his bank and admits he is deeply sorry. But he keeps his knighthood.
No more Mr Nice Guy from Barack Obama as America peers over the fiscal cliff – but what are the implications?
Government plans to cut spending in Whitehall departments and invest an extra £5bn in schools and other capital projects will “make our country work better”, says David Cameron.
The economic future is bleak, but the chancellor wants to stick to his deficit reduction plan – so something has to give. Is he planning a VAT hike to 22.5 per cent? A stamp duty rise on luxury homes?
Rwanda will see its aid budget reduced amid allegations it is helping rebels in the neighbouring Democratic Republic of Congo. Who else gets our money – and are their hands clean?
The halting of aid to Rwanda is “Britain throwing down the gauntlet”, writes Foreign Correspondent Jonathan Miller who investigated alleged military interference in Congo for Dispatches on Monday.
So much for those post-election hopes that the parties would reach a deal to avoid the looming fiscal cliff. Leading Republicans have trashed Obama’s plan as “totally inadequate” and a “non-starter”.