Nick Clegg today sat shoulder-to-shoulder with George Osborne in defending the axing of the loan to Sheffield Forgemasters – in his constituency – forcing the plant to stop work on a new press for nuclear power plants which would have resulted in the creation of 200 jobs.
George Osborne claims there’s a “trade-off” between cutting welfare spending and departmental budgets. It’s a false choice and reflects only his ideological masochism.
The Government plans to “tackle Labour’s legacy of debt” yet they are also proposing a number of tax cuts. But there is an alternative way to reducing the deficit.
Progressives should stand against the reduction in corporate tax and argue for the point that a dynamic, highly skilled economy needs a dynamic and highly skilled citizenry.
Schools funding, Sure Start children’s centres and 16-19 education were spared the axe this morning as George Osborne and David Laws announced £6bn of cuts.
The establishment of the Office for Budget Responsibility was Mr Osborne’s attempt to join the ‘change’ brigade, but is just a triumph of spin over substance.
The new Chancellor of the Exchequer, George Osborne, received a letter from the Governor of the Bank of England today, explaining the latest rise in inflation.
David Laws was careful with his words on Newsnight about the decisions of previous governments. His claims appear to undermine his boss’ less guarded turns of phrase.
George Osborne uses an interview in today’s Financial Times to continue his attack on the Treasury’s fiscal forecasts. The estimates are made by civil servants.
Heir to the Baronetcy of Ballentaylor, Mr Osborne has a degree in history and has never had a job outside of Westminster politics. An intellectial giant? No.
