How Osborne sent the march of the makers into reverse
Manufacturing’s strong rallying out of the 2008 recession, was killed stone dead at the turn of 2011, as effects of the government’s economic policies kicked in.
Manufacturing’s strong rallying out of the 2008 recession, was killed stone dead at the turn of 2011, as effects of the government’s economic policies kicked in.
George Osborne was forced into another humiliating U-turn today – this time on the charity tax, the fifth government reverse this week.
The European Commission today became the latest international body to issue a warning on the state of the UK economy, reports Shamik Das.
Pasty makers celebrate today following chancellor George Osborne’s pasty tax U-turn – but how will he make up the £35 million lost?
George Osborne may have performed reverses on the “pasty tax” and “caravan tax” last night, but it’s on austerity the public really wants a U-turn.
The UK economy shrank by more than first thought, down 0.3% in the first quarter of 2012, and down 0.6% over the past two quarters – a deeper double-dip.
Nick Clegg says there will be a “massive” increase in housing and infrastructure investment – yet the Treasury refuses to say where the money is coming from.
The International Monetary Fund (IMF) have advised today that “planned fiscal adjustment” will be unavoidable if economic recovery fails to take off.
OBR chair Robert Chote today said there was no evidence George Osborne’s flagship cutting of the 50p top rate of tax in the budget will promote growth.
Ed Balls today said George Osborne’s “economic mission”, on his own terms as set out two years ago, “on all three counts”, has failed.