Budget 2014
This is a fiscally neutral budget of slight readjustments, rather than a major economic moment.
Ministers say the taxpayer will end up making a profit after bailing out the banks to the tune of £100bn. But are they telling us the whole story?
This is a fiscally neutral budget of slight readjustments, rather than a major economic moment.
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.
A little Twitter spat popped up during Prime Minister’s Questions today between Ed Balls’ right hand man and the Conservative Press Headquarters. Both repeated well-worn mantras from their parties, prompting FactCheck to wonder if there was anything new to note.
The Treasury tells FactCheck that Chancellor George Osborne “misspoke” when he said economic growth will be higher in every quarter in every year compared to the OBR’s June forecasts.
Faisal Islam lists the key points from the Office for Budget Responsibility’s revised forecasts for the UK economy.
Faisal Islam blogs on how the creation of the Office of Budget Responsibility could mean we have instant analysis of the impact of George Osborne’s budget next Tuesday.
Faisal Islam blogs on how Sir Alan Budd’s forecast has far from backed up the government’sline on the deficit.