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.... Norman Lamont fell out with John Major. George Osborne fell out with May many times when she was home secretary but did not get the chance to confront her over policy when she became prime minister because she sacked him on day one. ... [Read full article on Guardian ]
Sunday 21st of May 2017 06:00:47 AM
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Latest Finance News related to George Osborne

From tax to Brexit, the Tories will do anything to stay in power image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
.... Norman Lamont fell out with John Major. George Osborne fell out with May many times when she was home secretary but did not get the chance to confront her over policy when she became prime minister because she sacked him on day one. ...
Lloyds claims taxpayers have made £900m profit from bailout image
Source : Guardian [Read Article] Wednesday 17th of May 2017 07:37:15 AM
.... The bank is also in the throes of taking over credit card firm MBNA which will take its share of the market to 26% and add to its financial dominance: Lloyds has a 25% share of current accounts, 22% of retail deposits and 21% of mortgages. Despite Hammond’s celebratory remarks, the sell-off has not taken place as envisaged by his predecessor George Osborne who had aimed to hold a discounted share sale to the public – which had to be abandoned when Lloyds shares slumped. ...
Labour's water renationalisation plan is a damp squib | Nils Pratley image
Source : Guardian [Read Article] Tuesday 16th of May 2017 07:34:13 PM
.... The government can also claim a profit of a sort – maybe about £500m – even though that’s an odd way to look at things since there would have been many better ways to invest £20bn. But at least the exit has been achieved without George Osborne’s silly idea of offering shares to the public at a discount. ...
Share sale returns Lloyds to private sector image
Source : BBC [Read Article] Tuesday 16th of May 2017 04:54:38 PM
....But taking the dividend payments into account means the total £20bn outlay has already been repaid. Former chancellor George Osborne had hoped to offer the shares at a discount direct to the public, with a campaign similar to the classic Tell Sid campaign for British Gas in the 1980s. ...
JP Morgan appears to make good on Brexit threat with new Dublin office image
.... JP Morgan has previously said it needs to be ready for a situation where there is not a deal over passporting – the means by which firms operate seamlessly across the EU – for the UK after Brexit. JP Morgan is being scrutinised because, in the run-up to the EU referendum last June, the bank’s chief executive Jamie Dimon stood alongside the then chancellor, George Osborne, to warn that up to 4,000 roles could be lost. ...
Philip Hammond calls China a 'natural partner' as he seeks post-Brexit trade deals image
....Relations between London and Beijing soured after Theresa May became prime minister in July and ordered a review of the controversial China-backed Hinkley Point C plant. That decision cast doubt on what had previously been cast as a “golden age” of ties under her predecessor David Cameron and former chancellor George Osborne. ...
Theresa May will cause more poverty than Thatcher, Gordon Brown warns image
....Household budgets of less well-off families have received a double blow this year. Wages have failed to keep pace with prices, while cuts to tax credits have come into force after being announced by George Osborne in 2015 as part of a renewed attempt to reduce the size of Britain’s budget deficit. ...
National minimum wage increases could cost jobs, IFS warns image
Source : BBC [Read Article] Wednesday 10th of May 2017 11:30:22 PM
.... Those between the age of 18 and 24 qualify for the NMW, while those over 25 qualify for the higher NLW. When he was chancellor, George Osborne said the level should reach £9 an hour by 2020. ...
Smirnoff owner Diageo to pay HMRC £107m in 'Google tax' crackdown image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:54:14 PM
.... The firm will not make a provision to cover the payment. The multinational tax legislation was introduced by the former chancellor, George Osborne, and came into law in April 2015. ...
Dramatic minimum wage rises will put low-paid jobs at risk, says IFS image
Source : Guardian [Read Article] Wednesday 10th of May 2017 05:47:26 PM
....The IFS report argued modest increases in the minimum wage recommended by the low pay commission each year from its inception in 1999 until 2015 succeeded in raising wage levels at the low end of the pay scale without hurting job creation. Former chancellor George Osborne created NLW, which applied to people aged 25 and over and paid £7. ...
Labour looks at  new tax bracket for those earning £80k-£150k image
Source : Guardian [Read Article] Sunday 7th of May 2017 10:20:48 AM
....”. When Labour was in government it introduced a 50p rate of tax on those earning £150,000 after the financial crisis in 2010, but the rate was cut to 45p by George Osborne in 2013. ...
HSBC chairman Douglas Flint recalls the good, the bad and the scandalous image
....It was a jaw-dropping, reputation-shredding time for the bank, especially the revelations that its Mexican branches had taken vast cash deposits from local drug barons, even making the tellers’ windows bigger so they were wide enough to accept their boxes of money. Without that DPA – which former chancellor George Osborne helped to secure – HSBC, which is valued at £132bn on the stock market, could have lost its licence to operate in the US, with repercussions that could have threatened the bank’s future. ...
The Guardian view on the Bank of England: independence and accountability | Editorial image
....With its pre-crisis failures conveniently forgotten, the Bank’s sway increased. George Osborne gave it back power to police the City and established a new financial policy committee with wide-reaching powers, including the right to decide how much a citizen could borrow for a mortgage. ...
Alarm sounded over delays to develop UK mini nuclear reactors image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 10:58:50 AM
....The government’s failure to deliver on a multimillion-pound competition to develop mini atomic power stations has hurt the nuclear sector and risks international companies walking away from the UK, a Lords committee has warned. In 2015 the then chancellor George Osborne promised £250m over five years for a nuclear research and development programme, an undisclosed sum of which was for a competition to pave the way for small modular reactors. ...
George Osborne's first day as Evening Standard editor image
Source : BBC [Read Article] Tuesday 2nd of May 2017 01:27:43 AM
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Barack Obama to be paid $400,000 for speech at Cantor Fitzgerald event image
Source : Guardian [Read Article] Wednesday 26th of April 2017 09:28:37 AM
....UK politicians also command hefty fees for speeches. The former chancellor George Osborne – who is not standing for re-election in June – disclosed that he had received more than £500,000 from speeches in the US, including two events for JP Morgan at £81,174 and £60,578 each, last year. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
....Westminster is to lose one its most feared interrogators after Andrew Tyrie – the bane of prime ministers, chancellors, bankers and economists – made the surprise announcement that he is standing down as an MP. After crossing swords with David Cameron, George Osborne, Mark Carney, Lord Chilcott and countless City bankers, Tyrie said he was quitting as Conservative MP for Chichester after two decades representing the seat. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
.... Ministers had said the cut to £4,000 “will limit the extent to which pension savings can be recycled to take advantage of tax relief, which is not within the spirit of the pension tax system”. Also being ditched for the time being is the “Making Tax Digital” initiative originally unveiled by then chancellor George Osborne in November 2015, which was designed to make the tax system more like online banking. ...
Government deficit at lowest since financial crisis, says ONS image
Source : BBC [Read Article] Tuesday 25th of April 2017 09:21:26 AM
....The OBR also predicted that government borrowing would rise again this year as tax receipts fall. The chancellor has said he wants to cut the deficit more slowly than his predecessor George Osborne. ...
Pensioners’ election REBELLION: Demands for May to look at pension issue for UK's 5MILLION image
....Meanwhile, in three decades members of the British public will not be able to claim state aid before the age of 68. Pensions campaigner June Slater has become an internet sensation after she took on former Conservative Prime Minister David Cameron and ex-Chancellor George Osborne over their contributions grab. ...
A hasty election before Britain sees the hard truth of Brexit image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... Many factors have been cited to explain May’s decision, not least the opinion polls, the persistent criticism of Brown for not having “sought his own mandate” in 2007, and strong pressure from her colleagues. Also, one suspects, a desire to cock a snook at George Osborne, the godfather of the fixed-term parliament. ...
Lloyds: Taxpayers get all their money back after rescue image
Source : BBC [Read Article] Friday 21st of April 2017 05:01:52 PM
....". There were plans to sell off a large tranche of shares to the public rather than institutional investors, but this was scrapped last year, with then chancellor George Osborne blaming turmoil in global financial markets. ...
Lloyds bank bailout repaid in full, says Philip Hammond image
Source : Guardian [Read Article] Friday 21st of April 2017 05:00:20 PM
....Even so, it has taken much longer than expected during the financial crisis and has only been possible because Hammond was able to sanction the recent sales at a loss because of profits made from earlier transactions when the share price was higher. The repayment has not been achieved in the way Hammond’s predecessor, George Osborne, envisaged. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....Her personal profile rose after the Northern Rock deal. More accustomed to being an outsider trying to break into the City establishment – at one point in the interview she describes herself as “this rather strange woman” – Gadhia sat next to George Osborne when he was delivering his high-profile Mansion House speech two years ago, was one of David Cameron’s business advisers, and still leads a Treasury-backed initiative to boost diversity in financial services. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
....But there are some bad hats and chancers in politics. George Osborne, who leaves the grand stage of the Commons at the age of 45 saying, “I want new challenges”, was a gamer, departing now to throw his dice in journalism and the City. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
.... . George Osborne understood this and sold down a stake at a loss in the last parliament and would have continued had it not been for the eurozone crisis sending shares crashing to REALLY unpalatable levels and the emergence of new political priorities like the EU referendum. ...
Philip Hammond admits taxpayers' RBS stake is likely to be sold at a loss image
....Shares in the bank – which has reported nine consecutive annual losses since its rescue by the taxpayer – are trading at about 224p. This is the first time Hammond has acknowledged that the shares are likely to be sold at a loss to the taxpayer, although Hammond’s predecessor George Osborne sold off a 5% stake in 2015 at 330p a share – a £1bn loss. ...
Rachel Whetstone: from Tory power broker to Silicon Valley PR guru image
Source : Guardian [Read Article] Thursday 13th of April 2017 03:02:53 PM
....The family’s success allowed them to send Whetstone to Benenden, an exclusive boarding school for girls with royal alumni including Princess Anne. After reading history at Bristol University, Whetstone joined Conservative central office, where she worked alongside David Cameron and George Osborne. ...
Multi-skilled image
Source : BBC [Read Article] Wednesday 12th of April 2017 11:33:04 PM
....Professional networking website LinkedIn has seen a growing trend in the registering of "multiple", "dual" and "portfolio" career descriptions. Just look at George Osborne: MP for Tatton, adviser at BlackRock Investment Institute, and soon-to-be editor of the London Evening Standard. ...
Employment is high, skills are in demand. So why is pay still not rising? | Larry Elliott image
....For consumers, this will be a rerun of the first half of the last parliament, although the impact is unlikely to be as severe, since back then a combination of rocketing oil prices and higher VAT took the annual inflation rate to 5% at a time when wage growth was struggling to get above 1%. In the circumstances, it is not hard to see why George Osborne was booed by the crowd when he turned up at the 2012 London Paralympics, because there tends to be a correlation between what’s happening to living standards and the popularity of the government. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....”. British Whetstone, who in 2003 was appointed Michael Howard’s chief of staff when he became Conservative leader , and is a friend of both David Cameron and George Osborne, also found herself at the centre of a more localised storm following allegations that she used her contacts to secure an advantageous deal for Uber in London. ...
Universal Credit benefits changes 2017 – What the new rules mean for YOU image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 09:09:00 AM
....”. In April 2016, then-Chancellor George Osborne reduced the work allowance. ...
Zero house price inflation is to be welcomed not feared | Larry Elliott image
.... Meanwhile, a good chunk of the homes that are being built appear to be going to overseas buyers who have found their money goes further as a result of the depreciation in sterling. In short, the economy has reverted to the state it was in before George Osborne gave the housing market a boost halfway through the last parliament. ...
Child Tax Credit changes come into force TODAY – what it means for YOU image
Source : Daily Express [Read Article] Thursday 6th of April 2017 10:54:00 AM
.... . In the 2015 Budget Speech, former Chancellor George Osborne said: “In the current tax credit system, each extra child brings an additional payment of £2,780 a year. ...
Banks and building societies snub Lifetime Isa launch image
Source : BBC [Read Article] Wednesday 5th of April 2017 10:57:02 PM
....One of them - Hargreaves Lansdown - said 1,000 accounts had been opened by mid-day on Thursday. The savings product was the brainchild of former Chancellor George Osborne, and offers savers a 25% annual bonus. ...
Ensure your pension numbers still add up image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 08:18:00 AM
.... . He warned that former Chancellor George Osborne’s popular pension freedom reforms, which allow the over-55s to cash in their pots, could backfire in future. ...
Welfare shakeup 'will push a quarter of a million children into poverty' image
....The crunch for families celebrating a new birth or grieving the loss of a parent is a result of changes coming into effect on 6 April. They were announced when George Osborne was chancellor and are being enacted by Theresa May’s government. ...
Osborne’s huge tax giveaway starts for rich – as the poor are hit image
Source : Guardian [Read Article] Saturday 1st of April 2017 11:05:38 PM
....The independent thinktank’s research shows that the effect of £2bn of income tax cuts and more than £1bn of welfare cuts will add up to a huge transfer of wealth from low- and middle-income households to richer ones. The reforms, set in train by former chancellor George Osborne, run directly contrary to the political mantra of Theresa May, who has said she wants to govern in the interests of everyone and “not just the privileged few”. ...
Mortgage tax relief cut doesn’t add up for buy-to-let landlords image
Source : Guardian [Read Article] Saturday 1st of April 2017 06:00:17 AM
.... They and the older couple won’t be the only people affected by the changes – industry surveys suggest a fair number of landlords have already started offloading properties, or are thinking of doing so. So what exactly has the government done? This shake-up was announced by the then chancellor George Osborne in the summer 2015 budget and is designed, says the government, “to make the tax system fairer”. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....The sum covered money owed since 2005 and followed a six-year inquiry by Her Majesty's Revenue and Customs (HMRC). George Osborne, who was chancellor at the time, described the deal as a "victory", but Labour's John McDonnell said the sums were "trivial". ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
....Project Fear 2017 has been playing its own versions of Beatles hits: I (Don’t) Feel Fine, We (Can’t) Work it Out and, of course, that all-time classic, While My Economy Gently Weeps. It has been quite a trip down memory lane to the days when the band’s lead vocalist, George Osborne, was predicting immediate recession in the event of a Brexit vote. ...
We’re in a fine mess if George Osborne is our last hope of halting Brexit image
.... And when the Brexiters threaten Nicola Sturgeon with dire warnings about Scotland losing its largest market, namely England, they seem unaware of the irony that the newly fashionable strategy of “no agreement is better than a bad agreement” involves England itself leaving its largest market. The furore over national insurance dominated coverage of the budget but, for me, the really interesting aspect, apart from Chancellor Philip Hammond’s choice to continue with George Osborne’s socially destructive austerity programme, was that the Office for Budget Responsibility (OBR) report on the economic and fiscal outlook contained a sober assessment of the consequences of Brexit for our economy – and it was hardly calculated to lift the spirits. ...
Taking the easy option with car insurance renewal can be costly image
Source : Daily Express [Read Article] Sunday 26th of March 2017 12:01:00 AM
....” . Switching is even important as car insurance premiums accelerate, driven up by costly hikes in insurance premium tax brought in by Chancellor Philip Hammond and his predecessor George Osborne, with the next coming in June. ...
Labour demands answers over George Osborne's Evening Standard job image
Source : Guardian [Read Article] Sunday 19th of March 2017 08:00:16 PM
. George Osborne’s appointment at the London Evening Standard while remaining a Conservative MP could be a potential conflict of interest with government advertising budgets, Labour has said. ...
Ruth Davidson doubts George Osborne's ability to remain an MP image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:43:24 AM
. The leader of the Scottish Conservatives has questioned George Osborne’s vow to remain as an MP after he becomes editor of the London Evening Standard, as the chair of the parliamentary standards watchdog pledged to review rules on MPs’ second jobs. ...
George Osborne told to choose whether to be MP or Standard editor image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:32:55 AM
. George Osborne has been criticised by the official body that advises ministers on taking work outside parliament, amid growing public anger over the former chancellor’s portfolio of lucrative jobs. ...
The Observer view on George Osborne as editor of the Evening Standard image
Source : Guardian [Read Article] Sunday 19th of March 2017 12:05:01 AM
. Being “editor” of the Daily This, Evening That or Weekly Whatever is a most fuzzily flexible concept: one quite unlike George Osborne’s old deficit reduction targets. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
....A radical overhaul of car tax rates comes into force on 1 April, and means anyone about to buy a new car – and particularly an expensive low-emissions vehicle – should consider bringing forward their purchase if possible. The complicated changes to vehicle excise duty, set in motion by former chancellor George Osborne, will have the biggest impact on those buying the smallest/greenest cars or those with a list price of £40,000-plus. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... At least in banana republics they grow their own bananas. Joke all you like about George Osborne being made editor of the Evening Standard. ...
Martin Rowson on George Osborne's new role at London Evening Standard – cartoon image
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Osborne, an ‘editor of substance’. What substance, crystal meth? | Marina Hyde image
. What a privilege to be able to welcome George Osborne to the ranks of journalistic colleaguery. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
. George Osborne is coming under growing pressure to step down as Conservative MP for Tatton in Cheshire, after his surprise appointment as the editor of the London Evening Standard. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....The deal marks a return to the Square Mile for an American banker whose high-flying career came to a halt in 2012 when he was forced to quit Barclays in the wake of the Libor rigging scandal. The then chancellor, George Osborne, described Diamond’s resignation as “the right decision for Barclays – and for the country”. ...
Tax credit 'rape clause' becomes law without parliamentary vote image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:57 PM
....She also described the fact that the Department for Work and Pensions (DWP ) had introduced the scheme apparently without having trained any of the people who will judge whether someone claiming the exemption had been raped as “frankly astonishing”. The regulations, announced in the 2015 budget by the chancellor at the time, George Osborne, were put into law through a statutory instrument, a form of legislation that allows laws to be amended without parliament’s approval. ...
NICs U-turn image
Source : BBC [Read Article] Wednesday 15th of March 2017 05:19:09 PM
....The remaining 80%, approximately 3. 6 million people, will now get the cut to NI that they had been expecting since George Osborne announced the abolition of Class 2 contributions in 2016. ...
Charlotte Hogg resigns as Bank of England deputy governor image
Source : Guardian [Read Article] Tuesday 14th of March 2017 09:33:31 AM
....It is a dramatic fall from grace for Hogg, who was once cited as a potential successor to the Bank governor, Mark Carney, to whom she was a key ally and a linchpin of his effort to overhaul the staid institution. Her departure was criticised by former chancellor George Osborne who tweeted: “Charlotte Hogg is a real loss to public life. ...
Budget deficit beyond 2025 warns spending watchdog image
Source : BBC [Read Article] Monday 13th of March 2017 09:26:55 PM
....The previous coalition government, which came into office in 2010 originally set a target of clearing the deficit by the time of the 2015 general election. When that failed to materialise, the former chancellor George Osborne set a further target to reach a surplus by the time of the next election in 2020, but then later abandoned it. ...
Revision App customers complain of unexpected payments image
Source : BBC [Read Article] Monday 13th of March 2017 01:19:29 PM
....In 2013 he was named as Shell's young entrepreneur of the year and appeared on stage at the Conservative Party conference to explain how a government-backed start-up loan had helped get his business off the ground. "I've been able to help one million young people learn on their mobile devices," he told the audience, which included the then chancellor, George Osborne, and education secretary, Michael Gove. ...
Labour must learn to win if it wants to shape the UK's economic future image
.... A one-term deficit reduction plan has now become a 15-year slog. Third, when the economy subsequently slowed in 2011 and 2012, the response from George Osborne was to warm up the housing market by providing banks with incentives to lend and borrowers with incentives to buy. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
....But austerity in the public sector is set to continue. Let no one be in doubt: this was a policy choice on the part of George Osborne in 2010, and it is a policy choice now. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
....Until this week the Isa sector had started to look redundant for all but those with very large sums to invest. The previous chancellor, George Osborne, introduced a series of measures that rendered them unnecessary for most ordinary savers. ...
Budget 2017: tax on dividends will be a raid on 2 million small investors image
....”. Richard Stone, chief executive of stockbroker The Share Centre, says the dividend allowance introduced by George Osborne undermined part of the logic for using an Isa account – namely that all income and capital gains within an Isa are tax-free. ...
MPs not appeased by May's decision to review self-employed tax hike image
Source : Guardian [Read Article] Friday 10th of March 2017 06:48:53 PM
....David Cameron was also dragged into the row, after a video clip from Thursday’s Iraq and Afghanistan memorial unveiling appeared to show him saying to the defence secretary, Michael Fallon: “Breaking a manifesto promise, how stupid can you get?”. But some MPs blamed Cameron and his chancellor, George Osborne, for making the sweeping pledge not to raise national insurance and income tax, come what may, as they approached the 2015 general election. ...
Forget the fuss – bumper paydays go on for UK's best-paid boss Sorrell | Nils Pratley image
.... That was a maximum payout but not as much as last year’s £63m. Still, £113,000 a day would make even George Osborne jealous. ...
The Guardian view on trust in politics: pledges and conventions matter | Editorial image
. George Osborne is no longer chancellor of the exchequer, but his spirit thrives in the budget presented by his successor. ...
The UK economy breaks more records – for all the wrong reasons image
Source : Guardian [Read Article] Thursday 9th of March 2017 06:40:24 PM
....The IFS agrees. It notes that the budget changes announced by Hammond pale into insignificance when set against those introduced by George Osborne before he was sacked by Theresa May. ...
Hammond went where Osborne feared to tread with tax on self-employed image
Source : Guardian [Read Article] Thursday 9th of March 2017 04:41:03 PM
. George Osborne was presented with the policy of raising national insurance contributions for the self-employed several times while he was chancellor, and always rejected it as politically unsellable, according to former Treasury insiders. ...
Budget tax rise image
Source : BBC [Read Article] Thursday 9th of March 2017 01:40:23 PM
....Employers also pay a contribution, of which more later. In March last year, the chancellor at the time, George Osborne, confirmed that Class 2 contributions would be abolished in April 2018. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....Many small traders and individuals set up businesses by forming a company and paying themselves through dividends as well as a salary. The announcement comes less than a year after the last Chancellor George Osborne introduced the £5,000 tax free dividend allowance. ...
No pay rise for 15 years, IFS warns UK workers image
Source : Guardian [Read Article] Thursday 9th of March 2017 08:57:23 AM
.... It looks like being, I’m afraid, a third parliament of austerity,” said Johnson. Similarly, he underscored welfare cuts announced under Hammond’s predecessor George Osborne that start to come into force next month. ...
Budget 2017: Squeeze on family finances 'extended until 2020s' image
Source : BBC [Read Article] Thursday 9th of March 2017 07:40:05 AM
.... . If it does so, that would be 15 years after the previous chancellor, George Osborne, had started implementing spending cuts and raising taxes. ...
Budget 2017: manifesto row clouds chancellor's attempt at low-key package image
....”. A Treasury spokeswoman later sought to shrug off the claim that the party was breaching the manifesto promise, saying it had been implemented by a piece of legislation – George Osborne’s “tax lock” – which didn’t mention specific classes of NICs. ...

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