Gary Gibbon
George Osborne has said austerity is “a hard road but we’re getting there” but some could interpret his statement as an admission that we’re nowhere near the end.
Manchester’s rag trade is booming – yes, really. Here’s what it means for the economy – and five more things to watch out for in Osborne’s autumn statement.
As austerity measures are extended, Jon Snow reports on a Manchester factory which is bucking the downturn, transferring manufacturing back from China and now employing 40 local people.
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.
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.
Gary Gibbon
Britain feels there’s a painless – in national interest terms – way to settle this whole budget business.
The Foreign Office spends £10,000 re-stuffing an old snake named Albert, deeming the dead anaconda “essential maintenance of a historical asset”. The Twitterati’s response? Get stuffed.
The Spanish government unveils plans to radically reduce departmental budgets while protecting pensions to pave the way for another bailout from the EU.
Economics Editor Faisal Islam blogs on the economic hangover of the Olympic Games.
As comments from Treasury Minister David Gauke about tax dodging draw a barrage of criticism, Deputy Prime Minister Nick Clegg tells Channel 4 News he ‘may’ have paid in cash, but not to avoid tax.
Gary Gibbon
Channel 4 News Political Editor Gary Gibbon blogs about the government’s plans for a banking inquiry
More bad news for David Cameron’s “greenest government ever”. It turns out the recession has had more to do with reducing greenhouse gas emissions than its environmental policies.
Faisal Islam blogs on the economics – at home and abroad – behind the chancellor’s decision not to raise the tax on fuel duty.
As the chancellor tells MPs that the planned 3p rise in petrol and diesel duty will not go ahead, Chloe Smith MP tells Channel 4 News the details of funding the tax cut are not yet finalised.