Topic filter : Public Spending

Most trending topics in Business & Finance ( last 24 hours ):
Apple State Pension Pension Pension Age Retailer Supermarket Brexit NatWest Profit Annual Profit Mobile Phone Retail Sector Stock Market FTSE 100 Share Index Investor Google YouTube Advertiser AT&T Verizon Corruption Co-op Leverage Multinational Organisation For Economic Co-operation And Development Bribe High Street Mortgage Buy To Let Tax Return Stake Loss Royal Bank Of Scotland Shareholder Decline In Profit Travel Complaint Employee Private Equity

Socially Most Trending News

.... The US was in recession and unemployment and inflation were high. Reagan’s cabinet spent much of its time talking about tax cuts and a radical overhaul of corporate and labour laws to set business free, but, as Oxford Economics point out, they mostly switched on the public spending taps. ... [Read full article on Guardian ]
Sunday 19th of March 2017 06:59:01 AM
Total Trend count
7
Most trending on :
3 3 1

Latest Finance News related to Public Spending

The Ronald, the Donald – and a hamstrung Hammond image
Source : Guardian [Read Article] Sunday 19th of March 2017 06:59:01 AM
.... The US was in recession and unemployment and inflation were high. Reagan’s cabinet spent much of its time talking about tax cuts and a radical overhaul of corporate and labour laws to set business free, but, as Oxford Economics point out, they mostly switched on the public spending taps. ...
Tax credit 'rape clause' becomes law without parliamentary vote image
Source : Guardian [Read Article] Thursday 16th of March 2017 12:10:57 PM
.... The DWP announced in January that it was to go ahead after the consultation. The department has described the changes to tax credits as “a key part of controlling public spending”, and has pledged to implement the exemptions in “the most effective, compassionate way”. ...
Brazil's recession worst on record image
Source : BBC [Read Article] Tuesday 7th of March 2017 01:00:14 PM
....Also there could be tailwinds from the global economy, with prices of commodities on the rise again and possible growth coming from the US. But much of Brazil's recovery still depend on whether government reforms in public spending are successful. ...
‘Housing should be seen as a human right. Not a commodity’ | Patrick Butler image
....But on the whole, governments have been “too deferential” in the rise of financialised housing, she says. Many subsidise it through tax breaks and bank bailouts, while simultaneously slashing public spending on social housing programmes. ...
We are unlikely to spot next financial crisis, Bank of England official says image
....Official figures have shown that, far from slowing, the UK became one of the best-performing economies in the developed world and the fastest growing in the G7 in the second half of 2016. Governor Mark Carney said actions by the Bank itself, which cut interest rates weeks after the Brexit vote, and Chancellor Philip Hammond, who lifted constraints on public spending in November’s autumn statement, had helped to boost the economy in the wake of the Brexit vote. ...
Calling the latest Greek deal a sticking plaster does disrespect to the Elastoplast image
....Rather than demanding reforms upfront before handing over another wodge of cash, Brussels is prepared to wait and see how the leftist Syriza government handles the next stage. Only when it has failed to reduce public spending will EU officials apply another financial squeeze. ...
Scotland needs publicly funded bank, says thinktank image
Source : Guardian [Read Article] Monday 6th of February 2017 07:00:20 AM
....The motion from an SNP branch in Angus near Dundee says leaving economic growth and environmental protection “solely in the hands of our private banking and financial sector will be detrimental to present and future living standards of our citizens”. Common Weal said its concerns were heightened after an investigation by the Guardian and the Ferret, an investigative website, revealed the Scottish government would lose about £932m in low-cost public borrowing because its private financing deals had broken EU rules on public spending. ...
UK inflation: now it's the pound in your pocket being devalued image
Source : Guardian [Read Article] Tuesday 17th of January 2017 12:25:44 PM
....It was 2011 and William Windsor had married Kate Middleton, adding some colour to a country still in shock from the financial crash. But the year was also characterised by public spending cuts, wage freezes, a crisis in Europe and riots across most of Britain’s major cities. ...
Five things economists can do to regain trust image
Source : Guardian [Read Article] Friday 6th of January 2017 11:49:04 AM
.... Rather than lambasting experts, Gove and his like would do well to shake up the UK education system so that people leave school better equipped to make their own judgments about economic forecasts, the financial system and the government’s tax and spending decisions. Financial education has become part of the secondary school curriculum in England and budgeting and public spending are now taught in citizenship. ...
Observer business agenda’s review of the year image
Source : Guardian [Read Article] Sunday 1st of January 2017 09:00:02 AM
....Somehow the judges overlooked the claims of the Leave campaign in June’s referendum for “We send the EU £350m a week: let’s fund our NHS instead” as well as its rivals in the Remain camp for all sorts of far-fetched plots in its entry, Project Fear. Pages from that tome included IMF boss Christine Lagarde’s “We have done our homework and we haven’t found anything positive to say about a Brexit vote”; JP Morgan chief Jamie Dimon’s warning he could cut 4,000 UK jobs if Britain voted to leave the EU; plus, of course, then chancellor George Osborne’s warning that he’d have to slash public spending and increase taxes in an emergency budget to tackle a £30bn “black hole”. ...
Five-minute guide to the rising cost of care homes image
Source : Daily Express [Read Article] Sunday 18th of December 2016 12:01:00 AM
....Just over one in four think they will be lucky enough to pick and choose the care services they need, without worrying about the cost. Many still believe the state should provide, the research shows, although the ageing population and continuing squeeze on public spending makes this unaffordable. ...
Scottish auditors to investigate £9bn private finance bill image
Source : Guardian [Read Article] Wednesday 14th of December 2016 07:00:19 AM
. Scotland’s public spending watchdogs are planning to investigate a multibillion-pound scheme to build privately funded roads, schools and hospitals after serious doubts emerged about its value for money. ...
Bermuda is world's worst corporate tax haven, says Oxfam image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:40 AM
....UK corporation tax is due to fall to 17% by 2020 from its current level of 20%, and the prime minister has suggested there could be further cuts to attract businesses. Oxfam warned that governments that cut corporate tax balance their books by reducing public spending or by raising taxes such as VAT that fall disproportionately on the poorest. ...
We need to rethink workers’ rights in today’s gig economy | Matthew Taylor image
Source : Guardian [Read Article] Wednesday 30th of November 2016 09:28:58 AM
.... If two people are doing the same task and earning the same basic remuneration on average earnings, the total tax paid to the state for the employee is about £2,000 a year more than for a self-employed contractor, or as much as £3,000 if they are working through their own company. Yet, apart from some particular entitlements such as paternity pay, the self-employed access exactly the same share of public spending per head as employees. ...
Of course the forecasts are bad: no one has a plan for Brexit image
Source : Guardian [Read Article] Sunday 27th of November 2016 07:00:54 AM
.... Thanks to the combined impact of the financial crisis and the austerity programme, the OBR had already revised downwards its estimates of the country’s productivity and the growth of productive potential; this revision took place between last November’s autumn statement and the March budget. Then came the referendum, and the net result of feverish work going on at the OBR since then is that the fallout from Brexit – indeed, from the very prospect of Brexit – is that the outlook for productivity growth has been revised downwards again, with all that this implies for living standards and the tax revenues that go to finance public spending. ...
Reality Check: image
Source : BBC [Read Article] Friday 25th of November 2016 04:05:27 PM
. The claim: The Office for Budget Responsibility forecasts include an extra £10bn each year from 2019-20 for public spending as a result of leaving the EU - this could be spent on the NHS. ...
Autumn Statement: Workers' pay growth prospects dreadful, says IFS image
Source : BBC [Read Article] Thursday 24th of November 2016 12:07:43 PM
...."While top earners were hit the hardest following the financial crisis, the big difference looking forward is that the biggest losers are lower income families, with the entire bottom third of the income distribution set to see incomes fall in the years ahead," the Foundation said. The Treasury's own analysis, published alongside the Autumn Statement, shows that the poorest 30% of households will see a negative impact on incomes from tax, welfare and public spending measures by 2019-20. ...
Brexit will blow £59bn hole in public finances, admits Hammond image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 08:39:09 PM
....“As we look ahead to the next parliament, we will need to ensure we tackle the challenges of rising longevity and fiscal sustainability,” Hammond said. “And so the government will review public spending priorities and other commitments for the next parliament in light of the evolving fiscal position at the next spending review. ...
Chancellor spreads giveaways thinly for Britain's 'Jams' image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 03:40:30 PM
....In one area, Hammond was curiously quiet. Pensioners, the bedrock of Conservative support, were barely mentioned, despite the fact that the state pension is a giant component of public spending. ...
How will the autumn statement change Britain? Our panel’s views | Matthew d’Ancona, Martin Kettle, Gaby Hinsliff, Aditya Chakrabortty and Polly Toynbee image
....Hammond’s other big problem is that the tax take is falling. All those references in his speech to sustaining the tax base are Treasury code for the fact that Britain has continued to become a low wage, tax avoiding and increasingly unequal economy since 2010, in which there’s not enough public money to pay for public spending. ...
Philip Hammond admits Brexit vote means £122bn extra borrowing image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 01:36:07 PM
....He added: “But as we look ahead to the next parliament, we will need to ensure that we tackle the challenges of rising longevity and fiscal sustainability. “So the government will review public spending priorities and other commitments for the next parliament in the light of the evolving fiscal position at the next spending review. ...
Donald Trump's economic policies could go badly wrong – but not soon enough image
Source : Guardian [Read Article] Saturday 19th of November 2016 04:04:24 PM
.... Tax cuts and spending increases will lead to bigger budget deficits – a doubling from 3% to 6% of GDP, according to independent estimates – and an increase in the national debt, which is already above 100% of national output. But Trump’s belief is that the tax cuts and additional public spending will lead to faster growth, and eventually an improvement rather than a deterioration in the US public finances. ...
UK investment in tech and transport among world's worst, says TUC image
Source : Guardian [Read Article] Wednesday 16th of November 2016 06:01:11 AM
....The EU referendum result has added to business concerns that the economy will slow next year and that investments in new equipment might be wasted. Hammond has played down the likelihood of extra public spending on new infrastructure projects, preferring to focus on tax allowances and other incentives to encourage business investment. ...
UK austerity policies 'amount to violations of disabled people's rights' image
Source : Guardian [Read Article] Monday 7th of November 2016 05:49:14 PM
....Austerity policies introduced into welfare and social care by the UK government amount to “systematic violations” of the rights of people with disabilities, a UN inquiry has concluded. It says a range of measures aimed at reducing public spending since 2010, including controversial changes such as the bedroom tax, and cuts to disability benefits and social care budgets have disproportionately and adversely affected disabled people. ...
The legacy of leaving old industrial Britain to rot is becoming clear | Larry Elliott image
....Labour had a different approach between 1997 and 2010. It took the tax receipts from asset-price booms in the south and recycled them into higher public spending in the north. ...
Economic woes create anti-establishment movements around the world image
Source : Guardian [Read Article] Saturday 5th of November 2016 04:00:51 PM
.... The International Monetary Fund warned recently that the economy may not fully recover until the mid-2020s. Scope for Matteo Renzi’s centre-left government to use tax cuts or increases in public spending to boost growth has been limited by low productivity, high unemployment and rising national debt. ...
HMRC chasing £1.9bn tax from UK's richest people image
Source : BBC [Read Article] Tuesday 1st of November 2016 02:11:03 AM
. HMRC is chasing almost £2bn that is potentially owed in taxes by the UK's richest people, according to the public spending watchdog. ...
Is government spending on roads and railways a good idea? image
Source : BBC [Read Article] Monday 3rd of October 2016 03:52:55 PM
....So what about improving the economic capacity of the economy, long term?. "It is possible to work out roughly what the right level of public spending is to sustain the growth of the economy and prevent bottlenecks," he says. ...
Yanis Varoufakis hits out at 'inept' George Osborne image
Source : BBC [Read Article] Wednesday 28th of September 2016 09:45:09 AM
....George Osborne will be remembered as a "particularly inept" chancellor whose pursuit of austerity in an attempt to rein in Britain's deficit was doomed to failure, according to Yanis Varoufakis. He told Radio 4's Today that Philip Hammond, Mr Osborne's successor, should change tack and raise public spending. ...
UK government borrowing falls in August image
Source : BBC [Read Article] Wednesday 21st of September 2016 08:58:40 AM
....Chancellor Philip Hammond has said he may have to reset fiscal policy to offset any negative outcome from the vote. However, he has dampened down talk that he might reveal an increase in public spending when he reveals his Autumn Statement in November. ...
Nama: Irish government to set up investigation into biggest ever NI property deal image
....The Nama deal is already the subject of an inquiry by the Northern Ireland Assembly's finance committee. The Irish government's decision comes after the publication of a report from the country's public spending watchdog that concludes the deal had shortcomings. ...

Former SNP Cabinet minister warns Nicola Sturgeon against second independence referendum based on Brexit
 image
....The former Cabinet minister said Ms Sturgeon should examine “alternative scenarios” to a separate Scotland being an EU member, once the terms of the Brexit deal are known. He argued that staging a referendum before questions about Scotland’s large public spending deficit have been addressed “would be a high risk strategy” and a “sustained period of campaigning” was required to build support to well in excess of 50 per cent, including winning over pensioners. ...

BBC to deploy detection vans to snoop on internet users
 image
Source : Telegraph [Read Article] Friday 5th of August 2016 09:00:00 PM
....The broadcaster included the NAO report in a list of documents that it claimed to have published alongside its annual report last month, but never distributed the review or uploaded it to its website. It has now been placed online by the public spending watchdog. ...

Labour avoided paying tax on £4.3 million worth of profits last year
 image
Source : Telegraph [Read Article] Friday 5th of August 2016 09:41:22 AM
....The figures came to light as the Labour leader set out his vision for a "progressive" tax system so highest earners are “fairly taxed”. He also pledged to find £500 billion for public spending funded "through expanding the economy and driving down tax evasion". ...

£78 billion: The cost to the taxpayer of poverty in the UK 
 image
Source : Telegraph [Read Article] Monday 1st of August 2016 08:02:39 AM
....The research, commissioned by the Joseph Rowntree Foundation, estimated an extra £69. 2 billion - or £1 in every £5 of public spending - went on areas including healthcare, schooling and policing. ...

Pension freedoms under threat for millions of final salary savers
 image
Source : Telegraph [Read Article] Sunday 31st of July 2016 09:00:00 PM
....Jonathan Isaby, Chief Executive of the TaxPayer's Alliance said: "This policy may be a sure-fire vote winner but it is unjustifiable and devoid of any economic rationale. If this continues the state pension will end up consuning the entirety of public spending, so it's clearly unsustainable as well. ...

Labour leadership contest: Owen Smith says party should ‘smash Theresa May back on her heels’
 image
....In recent weeks there have been calls to tone down political rhetoric after female Labour MPs suffered death threats and abusive messages on social media. Mr Smith has previously had to apologise for comparing the Government’s public spending cuts to domestic violence. ...
Philip Hammond: Financial markets 'rattled' by Leave vote image
Source : BBC [Read Article] Thursday 14th of July 2016 07:27:04 AM
.... " . In the run up to the EU referendum Mr Hammond's predecessor George Osborne said he would have to slash public spending and increase taxes in an emergency Budget to tackle a £30bn "black hole" if the UK voted to leave the European Union. ...
London pays almost a third of UK tax, report finds image
Source : Guardian [Read Article] Wednesday 6th of July 2016 11:01:28 PM
....”. The findings are likely to intensify debate about government plans to devolve powers and public spending to regional centres based around cities in the Midlands, the north and the west. ...
Osborne abandons 2020 budget surplus target image
Source : BBC [Read Article] Friday 1st of July 2016 11:02:21 AM
....For the UK economy, one of the most important passages of Theresa May's speech yesterday was when she signalled that George Osborne's "fiscal rule" (to produce a budget surplus by 2020) was for the Treasury shredding machine. "While it is absolutely vital that the government continues with its intention to reduce public spending and cut the budget deficit, we should no longer seek to reach a budget surplus by the end of the parliament," Mrs May said. ...
Pension savers told 'DON'T PANIC' amid market carnage but follow THESE key steps image
....5 per cent. "This assertion was made on the basis that the economy would take a down-turn and that public spending might not be able to sustain the expense of this policy. ...
China and Japan help ranks of the super-rich swell to more than 15m image
Source : Guardian [Read Article] Thursday 23rd of June 2016 04:43:08 PM
.... Despite the financial crisis, the millionaires’ wealth has expanded almost fourfold over the last 20 years. Ricks called on governments to reverse cuts to public spending, privatisation, tax breaks for the wealthy and “the race to the bottom on human rights”. ...
The Guardian view on the Land Registry sell-off: hands off this national asset | Editorial image
.... This one, however, was announced by Sajid Javid just before the Easter break, and has been given minimal publicity by his department since. Why should the Land Registry be sold? The consultation document makes it very clear that the government has a default policy of selling whatever public assets it can – “to reduce public debt or fund other public spending”. ...
IFS warns Brexit would extend austerity for two more years image
Source : Guardian [Read Article] Tuesday 24th of May 2016 11:01:23 PM
....”. Boris Johnson and the Vote Leave campaign have made the £350m claim a key campaign issue and have argued strenuously that it is legitimate to say the money can be used for extra public spending or tax cuts following a vote for Brexit. ...
NHS in England reveals £2.45bn record deficit image
Source : Guardian [Read Article] Friday 20th of May 2016 10:29:20 AM
....”. Hopson pointed out that Britain spent a lower percentage of its national wealth on health than France, Germany, Sweden or Greece, and that investment as a proportion of overall public spending would fall even further over the next few years to less than 7% by 2020. ...
Brexit 'unlikely to mean deep migration cuts but may lead to 2p tax increase' image
....Portes says that a highly restrictive immigration policy might have a small impact on the wages for low-skilled workers but little or none for medium- and highly skilled workers. However, this impact on unskilled wages would be more than offset by higher taxes or public spending cuts so real post-tax incomes would fall. ...
Greece's latest financial emergency is both tragic and absurd image
Source : Guardian [Read Article] Monday 9th of May 2016 03:48:51 PM
.... One is to conclude that Greece needs to find a way of paying off the money it has borrowed, and so set stiff repayment terms. Under pressure last summer, when its banks were closed and the country was running out of cash, Greece agreed it would run a primary budget surplus (an excess of tax receipts over public spending once debt repayments have been excluded) of 3. ...
Osborne's 'cocktail of threats' excuse for the UK's ills has lost its fizz image
.... Never before has the UK sustained 10 years of restrained, if not shrinking, government expenditure. Without the multiplier effect of public spending on new infrastructure and cash to maintain the existing roads and public amenities, the private sector has pulled in its horns. ...
Scottish economy grows far more slowly than UK as a whole image
Source : Guardian [Read Article] Wednesday 4th of May 2016 05:56:15 PM
.... At the same time, public sector revenues also fell for the fourth year in a row, by nearly 12% in real terms. Scottish public spending is currently £1,400 a head higher than the UK average. ...
Has the global economic growth malaise become the 'new normal'? image
Source : Guardian [Read Article] Monday 2nd of May 2016 10:31:29 AM
....Meanwhile, growth remains below the diminished potential. A painful de-leveraging process implies that private and public spending need to fall, and that savings must rise, to reduce high deficits and debts. ...
Has the global economic growth malaise become the 'new normal'? image
Source : Guardian [Read Article] Monday 2nd of May 2016 10:31:29 AM
....Meanwhile, growth remains below the diminished potential. A painful de-leveraging process implies that private and public spending need to fall, and that savings must rise, to reduce high deficits and debts. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
....5% of gross domestic product by 2018 and in every year thereafter. This means that once Greece’s debt payments are excluded, tax receipts have to exceed public spending by 3. ...
Europe's liberal illusions shatter as Greek tragedy plays on image
Source : Guardian [Read Article] Sunday 1st of May 2016 10:46:01 AM
....5% of gross domestic product by 2018 and in every year thereafter. This means that once Greece’s debt payments are excluded, tax receipts have to exceed public spending by 3. ...
Could Italy be the unlikely saviour of Project Europe? image
Source : Guardian [Read Article] Friday 29th of April 2016 04:00:43 PM
.... In EU councils and again at this month’s International Monetary Fund meeting in Washington, DC, Pier Carlo Padoan, Italy’s finance minister, presented the case for fiscal stimulus more strongly and coherently than any other EU leader. More important, Padoan has started to implement fiscal stimulus by cutting taxes and maintaining public spending plans, in defiance of German and EU commission demands to tighten his budget. ...
The bad smell hovering over the global economy image
Source : Guardian [Read Article] Sunday 17th of April 2016 11:00:54 AM
.... The fact that economists at Deutsche Bank published a helpful cut-out-and-keep guide to helicopter money last week is a straw in the wind. As the Deutsche research makes clear, the most basic variant of helicopter money involves a central bank creating money so that it can be handed to the finance ministry to spend on tax cuts or higher public spending. ...
UK housebuilding booms but construction sector flags image
Source : Guardian [Read Article] Friday 15th of April 2016 12:00:58 PM
. Housebuilding in Britain picked up to a record high in February but the rest of the construction sector struggled amid signs that uncertainty over the EU referendum and public spending cuts are denting activity, according to official figures. ...
Labour: PM losing trust over shares row image
Source : BBC [Read Article] Friday 8th of April 2016 04:33:43 AM
....Mr Corbyn said the PM must give a "full account of all his private financial dealings and make a statement to Parliament next week". He also accused the government of "connivance with tax havens and refusal to take serious action against tax avoidance and evasion", leading "directly" to public spending cuts. ...
Angola seeks financial help from IMF image
Source : BBC [Read Article] Wednesday 6th of April 2016 09:52:58 PM
.... . The ministry's statement emphasised the role of "fiscal reforms" in addressing its problems, which means tax reform and controlling public spending. ...
IMF calls for labour market reform to boost jobs image
Source : Guardian [Read Article] Wednesday 6th of April 2016 01:30:18 PM
. The protracted weakness of the global economy has highlighted the need for lower taxes on employment and higher public spending to get the unemployed back into work, the International Monetary Fund has said. ...
IMF has to act, not just talk, to jumpstart global economic growth image
Source : Guardian [Read Article] Tuesday 5th of April 2016 10:31:53 AM
.... There is a strong case for the sort of structural reform that Lagarde wants – a higher minimum wage in the US and better training to help people find jobs in the eurozone. The argument for higher public spending on infrastructure projects is even stronger. ...
IMF director urges governments to ‘pick up the growth baton’ image
Source : Guardian [Read Article] Tuesday 5th of April 2016 07:30:30 AM
....She joined other international bodies in calling for governments to take their own actions to shore up economic growth rather than relying on central banks to keep interest rates low and print electronic money. That followed the IMF’s earlier call in February for finance ministers to boost public spending. ...
Nicola Sturgeon backtracks on 50p rate of income tax image
Source : Guardian [Read Article] Thursday 24th of March 2016 09:29:53 PM
....Only days after appearing to rule out a new 50p top rate, the first minister said she was open to introducing the far higher rate for the wealthiest Scots within two years, but only if tax avoidance could be tackled. Sturgeon has faced intense criticism from Kezia Dugdale, the Scottish Labour leader, and Willie Rennie, Scotland’s Liberal Democrat leader, after she ruled out increasing or changing Scottish income taxes to prevent deeper cuts in public spending from April next year. ...
IFS warns Scottish deficit has become three times greater than UK's image
Source : Guardian [Read Article] Thursday 24th of March 2016 06:00:11 AM
.... Two weeks ago, the annual Government Expenditure and Revenue Scotland (GERS) confirmed that in 2014/15, the gap between overall spending and tax revenues had grown to £15bn. That has left Scottish public spending running at £1400 more per head than the UK average for the third year running. ...
Osborne to defend Budget ahead of vote image
Source : BBC [Read Article] Tuesday 22nd of March 2016 07:35:14 AM
....The chancellor is expected to say - when he opens the debate at about 12:30 GMT - the Budget he set out on 16 March was that of a "compassionate, one-nation Conservative government determined to deliver both social justice and economic security". He will say it delivered on the Conservative manifesto commitment to "economic security, controlling public spending and lower taxes for working people and business". ...
'Fairness' of 2016 budget under scrutiny image
Source : BBC [Read Article] Monday 21st of March 2016 01:04:48 PM
....On that basis, the top 20% of wealthy households will be paying 52% of all taxes by 2019-20, compared with 49% in 2010/11. The amount of public spending they receive has remained static at about 11%. ...
Osborne's weakness suddenly becomes a big headache for Cameron image
Source : Guardian [Read Article] Sunday 20th of March 2016 04:02:21 PM
....This is supposed to be achieved by a fresh onslaught against tax avoidance, an intensification of the squeeze on the running costs of Whitehall departments, and by taking the axe to the welfare bill. Because large chunks of public spending – the NHS, schools and overseas aid – are protected by a ring fence, that has left other government departments facing real inflation-adjusted cumulative cuts in their budgets between 2010-20 of a third or more. ...
George Osborne’s austerity budgets show ever-diminishing returns image
Source : Guardian [Read Article] Sunday 20th of March 2016 08:59:35 AM
....But not only did the wily Osborne propagate the myth that the crisis in Britain was solely the result of a Labour spending programme (of which even he himself had approved), he also made the categorical error of comparing Britain’s economic problems at the time with those of Greece. While the Treasury traditionally favours cutting public spending, I doubt that even the Treasury, while backing Osborne’s austerity programme, bought its master’s analogy with Greece. ...
George Osborne is a Roman emperor indulged in all his follies and fads | Simon Jenkins image
.... Britain’s debt mountain is sustained only by minimal interest rates. In his early years, and depending on definition, Osborne either held public spending steady in real terms or barely reduced it. ...
Sturgeon to reject Osborne's budget boost for higher earners in Scotland image
Source : Guardian [Read Article] Wednesday 16th of March 2016 07:03:45 PM
....The Scottish Conservative leader, Ruth Davidson, embraced the chancellor’s income tax changes, which are estimated by the economist Prof David Bell to save about £190m for 372,000 Scottish voters on the higher 40% tax band. Sturgeon is under intense pressure from Labour and the Liberal Democrats to increase all Scottish income tax rates by 1p in the pound from this April to reinvest in higher public spending – a strategy already rejected by the Scottish government. ...
Source : Reuters [Read Article] Wednesday 16th of March 2016 09:38:30 AM
....He has already warned of a darker economic outlook and said on Sunday that he would have to cut spending by more than planned to reach his goal of a budget surplus by 2020 . "With fresh public spending cuts expected in today's budget announcement, headwinds to household confidence are likely to persist in coming months," Markit economist Philip Leake said. ...
FTSE edges higher ahead of UK budget and US Fed, but Hikma falls image
Source : Guardian [Read Article] Wednesday 16th of March 2016 09:33:30 AM
.... So, it’s unlikely he’ll announce anything that is likely to lose votes or place the UK in dire straits should the country vote to leave the union. Focus again will fall on the need to cut public spending. ...

Page rendered in 1.8519 seconds.