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
The pound plummeted to a 10-month low today over fears of a possible hung parliament in the forthcoming election.
Sterling lost 1.6% and dipped below $1.50 for the first time since May 2009 - it has already lost 7% against the dollar this year. The pound also lost ground against the euro and many other...
Posted to
Finance
on 03-01-2010
Filed under: All Financial News, Economy News, fall, currencies, Prudential, dollar, Gordon Brown, sterling, euro, acquisition, election, AIA, hung parliament, 10-month low
Tony Wright says it is not honest for the government or the opposition to say you can have the biggest fiscal squeeze of modern times without damaging public services Liam Byrne, the chief secretary to the Treasury, is giving evidence to the Commons public administration committee this morning and he...
Posted to
Economics
on 02-25-2010
Filed under: Politics, Economic policy, Blogposts, guardian.co.uk, UK news, Economics, Business, Tax and spending, Society, Gordon Brown, Public finance, Public services policy
Prior to Wednesday’s Pre-Budget Report, Prime Minister Gordon Brown has outlined plans to slash public spending by £12 billion over four years - 25% more than originally thought a few months ago.
Mr Brown will endeavour to show how Labour plans to slash the UK’s budget deficit by half.
In...
Posted to
Finance
on 12-07-2009
Filed under: All Financial News, Economy News, Alistair Darling, Debt News, borrowing, Pre-Budget report, Gordon Brown, spending cuts, windfall tax