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It Looks Like George Osborne Is Going To Miss His Deficit Targets Again

Government borrowing in November stood at £14.1 billion. It's finally heading in the direction the government wants again, down from the same month last year. But that's the first good news for the Treasury in a while now. After several months of rising borrowing, the UK racked up £75.8 billion in extra borrowing from April to November. Show More Summary

Why is George Osborne’s aide paid £95,000? Because he’s worth it

The Daily Mirror has today splashed on the fact that Rupert Harrison, chief economic adviser to the British government, has had a pay increase and is now on £95,000. Outrageous,… Continue reading The post Why is George Osborne’s aide paid £95,000? Because he’s worth it appeared first on Spectator Blogs.

Why both the Tories and Labour now want a fight on the economy

Tomorrow, in a sign of how keen the Tories are to keep the political debate focused on it, both David Cameron and George Osborne will give speeches on the economy.… Continue reading The post Why both the Tories and Labour now want a fight on the economy appeared first on Spectator Blogs.

Jim Murphy wins Scottish Labour leadership election with 56% of votes on first round

.@ScottishLabour will lead us to a fairer Scotland. #ScotLabLeader pic.twitter.com/KtdCauopFf — Jim Murphy (@jimmurphymp) December 13, 2014 Murphy: "You can't have social justice on George Osborne's levels of spending and tax." — George...Show More Summary

Two lost decades?

On December 3rd George Osborne, Britain's chancellor, delivered the autumn statement, the country's annual mini-budget. We are hosting a round-table discussion of the statement and the direction of British economic policy. Our final contributor is Matthew Whittaker, chief economist at the Resolution Foundation. Show More Summary

It’s a London thing

THE decision by George Osborne, Britain’s chancellor of the exchequer, to scrap air passenger duty (APD) on children is unlikely to appease many of his pro-aviation critics. Penalising families had been one of the main complaints levied against the tax, which on some routes has increased nearly tenfold since its introduction 20 years ago. Show More Summary

The cuts to come

On December 3rd George Osborne, Britain's chancellor, delivered the autumn statement, the country's annual mini-budget. We are hosting a round-table discussion of the statement and the direction of British economic policy. Today’s contributor is Paul Johnson, Director of the Institute for Fiscal Studies. Show More Summary

The tricks being played over a VAT rise

Today’s Treasury Questions was a bit odd, not least because neither George Osborne nor Ed Balls were there, so everyone seemed to be quite keen to get the thing over… Continue reading The post The tricks being played over a VAT rise appeared first on Spectator Blogs.

Dodging the debate

On December 3rd George Osborne, Britain's chancellor, delivered the autumn statement, the country's annual mini-budget. We are hosting a round-table discussion of the statement and the direction of British economic policy. Today’s contributor is Michael McMahon from Warwick University. Show More Summary

Cartoon – Spencer on Tuesday

George Osborne set corporation tax on the condition that talks be resolved and fiscal responsibility be shown. A ‘Peace Fund’ sweetener is on the table too. Sinn Fein has counter-conditioned with a “shopping list” of demands. Here’s this weeks cartoon offering in response to events.

Osborne’s cuts could reduce Army to virtually useless

Alt Text: Columnist Robert Fox Cuts will be so severe that Nato could classify our reduced forces not as an army, but a gendarmerie Column Robert Fox Tuesday, December 9, 2014 - 9:10am If George Osborne is to be taken at his word - and...Show More Summary

Osborne on voters' choice in 2015: Competence or chaos

A "price that works for our country". That's how George Osborne describes the deep spending cuts which he claims are needed to cut the deficit. Speaking to me in Manchester, the Chancellor said that "the prize is economic stability,Show More Summary

We have a choice between competence and chaos, according to the Tories

Competence versus chaos—that’s what the Tory leadership want to frame the next election as a choice between. Hence George Osborne’s repetition of this phrase five times in one brief interview… Continue reading The post We have a choice between competence and chaos, according to the Tories appeared first on Spectator Blogs.

Reasons for cheer

On December 3rd George Osborne, Britain's chancellor, delivered the autumn statement, the country's annual mini-budget. We are hosting a round-table discussion of the statement and the direction of British economic policy. Today’s contributor is Kevin Daly, chief UK economist for Goldman Sachs. Show More Summary

Can Northern Ireland afford to gamble on corporation tax?

Chancellor George Osborne will devolve corporation tax powers to Northern Ireland if our politicians can show they are able to manage the financial implications of such responsibility. He seems to be measuring their preparedness by the outcome of the current talks process, though it’s not clear just how much progress he needs to see before more...

Is George Osborne being truthful when he says he has “halved” the deficit?

In the Sunday Times today, George Osborne makes a statement so untrue as to violate the newspaper code of accuracy. “The deficit has been halved,” he says. A porkie. As… Continue reading The post Is George Osborne being truthful when he says he has “halved” the deficit? appeared first on Spectator Blogs.

Coalition wars: What are George Osborne and Nick Clegg up to?

If the Coalition started cohabiting earlier this year, it has now moved into the phase where the two parties are posting mean things about each other on Facebook and trying… Continue reading The post Coalition wars: What are George Osborne and Nick Clegg up to? appeared first on Spectator Blogs.

Eliminating the deficit: hard work but not impossible

My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Has the world changed? We knew before Wednesday?s autumn statement that George Osborne would be forced to concede that the budget deficit remains uncomfortably close to...

Well done, George - now we're just £1,500,000,000,000 in debt

This is Peter Hitchens' Mail on Sunday column Sharks bite, cowpats stink and politicians lie. I’m used to all these things. They’re facts of life. But I can’t stand it when people pretend otherwise. The Chancellor, George Osborne, should this...

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