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  • Budget to be held on March 24

    Prime Minister Gordon Brown has confirmed the date of the Budget as March 24 with speculation mounting that the general election will be 6 weeks after - on May 6. The Treasury is set to confirm the Budget date later in a written statement to MPs. Meanwhile, in the build-up to the budget, Chancellor Alistair...
    Posted to Finance on 03-10-2010
    Filed under: All Financial News, Economy News, Alistair Darling, deficit, GDP, budget, Gordon Brown, Chancellor, Prime Minister, confirm, general election, date
  • UK inflation hits 3.5% in January

    The Office for National Statistics has today announced that Consumer Price Inflation (CPI) rose to a 14-month high of 3.5% in January - as widely expected. The rise in inflation has been driven by higher petrol costs and the effects of the reduction in the standard rate of VAT. Meanwhile, CPI fell 0...
    Posted to Finance on 02-16-2010
    Filed under: All Financial News, Economy News, Alistair Darling, January, Office for National Statistics, rise, RPI, CPI, petrol, VAT, consumer price inflation, Mervyn King, target, Retail Price Inflation, explanation
  • Think tank warns Government to control spending

    Leading economic think tank, the National Institute of Economic and Social Research (NIESR), is warning the Government that if it plans to halve the budget deficit over the next four years, much tighter spending controls are required. In his latest Pre-Budget Report, Chancellor Alistair Darling pledged...
    Posted to Finance on 02-03-2010
    Filed under: All Financial News, Economy News, Government, Alistair Darling, unemployment, Debt News, deficit, GDP, warning, budget, think tank, spending, NIESR, National Institute of Economic and Social Research, tighter
  • HSBC chief warns of super tax

    In an interview with Sky News, HSBC chief executive Michael Geoghegan has warned of the dangers of the new super tax, introduced by the Government to claw back some of the bailout funds used to rescue the banking industry. The warning comes just a week after London Mayor, Boris Johnson, warned that high...
    Posted to Finance on 01-20-2010
    Filed under: All Financial News, Banking News, Alistair Darling, HSBC, warning, Pre-Budget report, London, chief executive, super tax, John Varley, bailout funds, banking industry, claw back, damage, Michael Geoghegan, Mayor Boris Johnson
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