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.
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
The USA is about to have a lower public debt than the UK, for the first time; Cormac Hollingsworth looks at why that may have happened.
Alex Hern uses George’s Marvellous Deficit Calculator to examine what the news of GDP contraction means for the government’s flagship deficit reduction program
With George’s Marvellous Deficit Calculator you can predict the deficit in 2012/3 from growth in 2012
Ed Balls defended Labour’s new direction last night, insisting he would not make promises he couldn’t keep and could be trusted to make the big decisions.
Cormac Hollingworth explains to George Osborne how rising unemployment and recession are increasing the deficit, and how jobs and growth will cut it. Simples.