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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
  • Sterling dives to 10-month low amid election fears

    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
  • Gordon Brown not being honest about cuts, says Labour committee chairman | Andrew Sparrow

    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
  • Government unveils plans to slash public spending

    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
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