deficit
What would happen if Spain follows Ireland over the edge?
On Monday the big news of the day was the Ireland bailout. Yesterday, the follow-on story was Portugal’s general strike which could push the country over the edge. But the nagging doubt in everyone’s minds in the European power-centres today will be neither: it will be the much worse possibility, remote or otherwise, that Spain might follow: Spanish euro spreads reached a record 260 basis points yesterday, making it is very expensive for Spain to borrow.
Ireland’s austerity: poor pay to keep corporation tax low
The Irish austerity package (confusingly dubbed a ‘recovery plan‘ by the BBC) can only be described as eye watering. But […]
Laws: Clegg was preparing “very discreetly” for a hung parliament
Vince Cable’s assertion that the Liberal Democrats are not guilty of reneging on their pre-election promises as they are simply honouring their commitment to the coalition agreement, will leave many wondering whether it is worth believing anything that the Lib Dems say - while in a revealing interview in the Total Politics December magazine, former Chief Secretary David Laws exposes just how much Nick Clegg's focus was, pre-election, on a hung parliament.
Osborne to help Ireland: a “shining example of long-term economic policymaking”
George Osborne "stands ready" to help Ireland in the midst of economic crisis. It's the least he can do after cheerleading their disastrous economic policies as a "shining example".
Laws: Lib Dems still thought best time for cuts was 2011
Joey Jones reveals that former-treasury secretary David Laws said the rhetoric on deficit reduction had been "hyped up" and that concessions gained from the Conservatives in other areas forced a Lib Dem u-turn.
What could be done with £7.5bn?
Alan Johnson yesterday set out plans for taxes on banks & banking which he says will raise £7.5bn by the end of the Parliament, but what should he spend it on?