Tag Archives: deficit

IMF reassessment a massive boost for Ed Balls’s 5-point plan for growth

Last night’s IMF reassessment on the UK economy is a massive boost for Ed Balls’s 5-point plan for growth, writes Cormac Hollingsworth.

Posted in Sustainable Economy | Also tagged , , , | Leave a comment

OBR figures show a long term fiscal challenge that needs long term solutions

Projections released by the OBR today reveal the full scale of the long term fiscal challenge facing the UK

Posted in Sustainable Economy | Also tagged , | 13 Responses

Balls calls for “three more u-turns” – on a bankers’ bonus tax, 50p and the ‘granny tax’

As the Finance Bill reaches its final stages in the Commons today, Ed Balls has called on George Osborne to u-turn on bonuses, the 50p cut and the ‘granny tax’.

Posted in Sustainable Economy | Also tagged , , , , , , | 28 Responses

Krugman: Government deficits are a consequence of the crisis, not a cause

This country is relying too heavily on pre-crisis policy ideas that have since been disproved.

Posted in Sustainable Economy | Also tagged , | 13 Responses

IDS blames deficit on child poverty target

This morning on the Today Programme, work and pensions secretary Iain Duncan Smith blamed the deficit on “chasing” child poverty targets.

Posted in Social Justice | Also tagged , | 19 Responses

Now the EC warns Osborne: Deficit “projected to fall more slowly” due to weak growth

The European Commission today became the latest international body to issue a warning on the state of the UK economy, reports Shamik Das.

Posted in Sustainable Economy | Also tagged , , , , , | 19 Responses

Budget 2012: Can Ed and Ed restore Labour’s credibility?

For Labour, today, budget day, marks a challenge – namely to speed up the journey towards regaining credibility on the economy, writes Ed Jacobs.

Posted in Sustainable Economy | Also tagged , , , , , , , , | 15 Responses

Slowing tax receipts mean no end to the deficit is in sight

Cormac Hollingsworth looks at how the fall in tax receipts will harm attempts to pay off the deficit.

Posted in Sustainable Economy | Also tagged , , , , | 12 Responses

Reeves: “We must ensure we pass the test of fiscal credibility”

Rachel Reeves will echo Ed Balls and Ed Miliband’s recent calls for “fiscal credibility” being key to Labour “earning people’s trust back” in a speech tomorrow.

Posted in Sustainable Economy | Also tagged , , , , , , | 14 Responses

New growth figures point to 2012/3 deficit 50 per cent bigger than originally projected

The deficit is now set to be8.4 per cent oin 2012/3, missing Osborne’s original projection by a full 50 per cent, and one quarter above the original Darling projection

Posted in Sustainable Economy | Also tagged , , , , , | 17 Responses