Faisal Islam
Billions more cut from benefits bill
Robert Chote has been appointed to head the Office of Budget Responsibility – as it appears that £4bn more will be cut off the benefits bill than expected, writes Faisal Islam.
Search results for ‘robert chote’
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4m
‘UK has had two once in a lifetime shocks in slightly over a decade – OBR’s Robert Chote
The collapse in economic output could mean the government has to borrow a startling £372 billion pounds this year.
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Robert Chote appointed OBR chief
IFS director Robert Chote is set to become the new head of the government’s tax and spending watchdog in a “brave move” for the chancellor, writes Economics Editor Faisal Islam.
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Budget: do the numbers add up?
As the budget reveals winners and losers, Jon Snow talks to Danny Alexander, chief secretary to the treasury, and Robert Chote, chairman of the Office for Budget Responsibility (OBR).
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FactCheck: Theresa May’s claims about Labour and the Conservatives
“The deficit is down by four-fifths” This is similar to a claim Theresa May made in 2017, when she said that since the Conservatives took office in 2010, “the deficit [had] fallen by three quarters as a share of GDP.” In her speech this week, the Prime Minister wasn’t quite so specific, but we’ll assume…
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Gary Gibbon
No jam today for the Just About Managing JAMs
The struggling families at the heart of Theresa May’s mission statement got very little out of today. The revolution has been postponed.
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Labour pledges more free childcare for working families
Twenty-five hours of free childcare funded by the state. Labour is promising to help working families beat the cost of living crisis – with a higher tax on banks to pay for it.
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Faisal Islam
The Chancellor’s sunlit uplands
The spending round contained some surprises and innovations, Economics Editor Faisal Islam reports.
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Osborne’s budget: growth slashed but no recession
In his fourth budget, Chancellor George Osborne says growth will be lower than previously forecast, but Britain will avoid a triple-dip recession.
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Faisal Islam
Osborne peers over the edge of Britain’s fiscal trench
It could have been a lot worse for George Osborne in the autumn statement, as Britain faces losing its coveted triple-AAA credit status.
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50p tax cut estimates ‘uncertain’ say MPs
Estimates used by Chancellor George Osborne to justify axing the 50p top tax rate are “highly uncertain”, an influential group of MPs has warned.
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Faisal Islam
Budget 2012: tax avoidance and the 50p rate
The fact remains that the decision on the 50p rate was made on the basis of one year’s highly distorted data. In some ways it was set up to fail. Many economists will argue that it was always going to.
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A budget for the rich?
In the weeks before the budget, the debate focused on one issue. If the government cut the 50p tax rate, as they had threatened, would the budget end up being dismissed as a giveaway for the rich?
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Faisal Islam
Will HMRC have smoking gun against the 50p? Impossible
Faisal’s done the maths: George Osborne can’t justify his claim that the 50p tax rate isn’t generating money.
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Michael Crick
Ministers failing to figure out new Stats Watchdog
Boris Johnson today called Sir Michael Scholar, the Chairman of the UK Statistics Authority, a “Labour stooge”. Last month Scholar, who runs the government’s watchdog on the integrity of official statistics, accused the Mayor of London of giving misleading figures to the House of Commons Home Affairs Committee. Poor Sir Michael. He would actually…
