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.
Tag Archives: deficit
Projections released by the OBR today reveal the full scale of the long term fiscal challenge facing the UK
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’.
This country is relying too heavily on pre-crisis policy ideas that have since been disproved.
The European Commission today became the latest international body to issue a warning on the state of the UK economy, reports Shamik Das.
For Labour, today, budget day, marks a challenge – namely to speed up the journey towards regaining credibility on the economy, writes Ed Jacobs.
Cormac Hollingsworth looks at how the fall in tax receipts will harm attempts to pay off the deficit.
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.
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