With Chancellor George Osborne announcing the start of Britain’s largest ever privatisation through the sale of around £2 billion (c.US$3.1bn) worth of shares in Royal Bank of Scotland (RBS) - just under a 5.2% stake - one wonders why offload 600m shares in the UK bank at a loss amounting [...]
UK Chancellor George Osborne has defended his decision to initiate the sell-off of the British government's stake in the Royal Bank of Scotland (RBS), after being accused of short-changing the public for selling shares at a price below their purchase value.
The British government has just started selling off its stake in RBS — a bank that was effectively nationalised during the financial crisis. A 5.4% stake was sold at 330p per share, raising about £2 billion ($3.12 billion), and cutting the government's holding to 72.9% of RBS shares in total. Show More Summary
Water cannons at the ready: the Tory leadership contest is officially underway. How does Mr S know this? Well, in a clear sign that George Osborne means business, he has… Continue reading The post Breaking: Tory leadership contest underway appeared first on Spectator Blogs.
The next Chancellor of the Exchequer market that Ladbrokes have is a hard market to assess. There’s two major known unknowns, will David Cameron stand down in this parliament (potentially to maximise George Osborne’s chances of succeeding him) or will the result of the next election be the trigger for the Osborne’s successor? Sajid Javid […]
George Osborne reigns supreme over Westminster — how did he end up with all this power? On this week’s View from 22 podcast, Isabel Hardman discusses our cover piece on the Chancellor’s… Continue reading The post Podcast: the Osborne supremacy and why Labour’s grassroots don’t matter appeared first on Spectator Blogs.
George Osborne has recruited Richard Davies, The Economist’s economics editor, to replace Rupert Harrison as chair of the Council of Economic Advisers, Coffee House understands. This position is essentially the Chancellor’s top… Continue reading The post George Osborne hires Economist journalist to chair Council of Economic Advisers appeared first on Spectator Blogs.
British Chancellor George Osborne has raised the prospect of loosening the UK's political ties with the European Union, saying that the country should focus primarily on having a trading relationship with the bloc.
George Osborne has revealed the aim of Britain’s EU renegotiation: to move our relationship back towards a trading partnership. The Chancellor has told the Daily Telegraph he would like to see a paired… Continue reading The post George Osborne: Britain must work with France to build a trade relationship with the EU appeared first on Spectator Blogs.
George Osborne’s Budget plan to raise the minimum wage to £9.35 for over-25s was a surprise – which means it has not yet been much scrutinised. Ed Miliband’s £8 by… Continue reading The post George Osborne’s ‘Living Wage’ will soon set wages for 11pc of workers. Is that conservative? appeared first on Spectator Blogs.
The UK Chancellor of the Exchequer, George Osborne, will fly to Paris on Sunday as part of his European tour to strengthen Britain’s bid to reform the European Union, local media reported.
My regular column is available to subscribers on www.thesundaytimes.co.uk This is an excerpt. Sometimes I think that when George Osborne looks in the mirror each morning, he thinks: ?Now how can I put the wind up the Labour party...
“Chancellor George Osborne announced that in order to make £20 million of government savings, unprotected departments – everything aside from health, schools, defence and foreign aid – needed to plan for two scenarios: a 25% cut or a 40% cut. Savings would have to be made over the course of the next five years.”
AT LEAST there are some lengths the British government won't go to in pursuit of its obsession with inheriting property. Earlier this month, George Osborne, in a Budget that revealed big cuts to welfare, found room to increase the inheritance tax limit, not for wealth-creating businesses but for residential property. Show More Summary
Chancellor of the Exchequer, George Osborne, seeks a further 20 billion pounds of savings from UK government departments. ||| Chancellor of the Exchequer, George Osborne, will announce Tuesday that he’s seeking a further 20 billion pounds...Show More Summary
The Guardian’s Politics Live feature reports an analysis of the impact of the Welfare Reform and Work Bill on the working poor. Read across locally, it has the effect of adding the DUP’s opposition to the UK’s government’s budget strategy to Sinn Fein’s, albeit on more limited grounds. The analysis was made by the highly reputable, unbiased more...
Lord Lawson has no influence, fails to listen, and is touchy and rude – according to the Conservative peer leading Britain’s independent Committee on Climate Change. But Lord Deben does not believe George Osborne, the chancellor, has fallen under the influence of Lord Lawson on the issue of climate change. Show More Summary
Tory MPs cheered wildly as Chancellor George Osborne unveiled his budget proposals, and Iain Duncan Smith punched the air in delight as the government committed itself to a “living wage” by 2020. Yet more dispassionate observers watching from afar sighed in disappointment as the Chancellor took not one of the opportunities he had to reshape […]
On the surface it may appear that the head of the FCA, the UK's financial regulator, Martin Wheatly resigned voluntarily yesterday. The truth is that here only "quit" after being told by George Osborne that he would not renew his contract when it expires in March. Show More Summary
I never expected to feel sorry for Martin Wheatley who, last week, resigned his position as Chief Executive of the Financial Conduct Authority, but I do. George Osborne gave him a non-job and Wheatley tried to make the most of it, thereby alienating too many people. The history of this is simple. A few months […]