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In other words, taking into account, alternate upswings and downswings, the UK has not grown since October 2010, also the month of the Spending Review. That’s right, ZERO growth in 5 quarters, 15 months, for which the Coalition’s original deficit reduction plan had pencilled in three per cent.
It’s rare that the government serves up a truly astonishing statistic. But the latest affordable housing stats certainly qualify, writes Economics Editor Faisal Islam.
The government says an extra 80,000 low income families will be eligible for help with the costs of childcare under new plans.
Christine Lagarde is quite some diplomat. So Madame Lagarde has not quite been saying what Ed Balls has been saying she has been saying. But nor is she giving the ringing endorsement received from this organisation as recently as June.
As Italy prepares to sign off its austerity budget, Channel 4 News looks at the countries in Europe facing the most pain from spending cuts and tax rises.
The Government bows to pressure over cuts to the BBC World Service, pledging an extra £2.2m of funding – a decision the Foreign Office’s own website initially headlined a “massive U-turn”.
Faisal Islam on the subtle change in the Chancellor’s stance on an economic “Plan B” – and the 400,000 jobs George Osborne says the media is not reporting.
The IMF endorses George Osborne’s plans for getting the UK economy back on its feet and expects to see “moderate growth” this year, despite the slowdown at the end of 2010.
“There is no cut in the National Health Service – we’re actually putting £10.6bn extra into the NHS during this parliament.” David Cameron MP, Prime Minister’s Questions, 2 February 2011