Mark Carney finds out this week if he will be the first governor since Bank of England independence in 1997 to write an open letter to the chancellor explaining why inflation is so low.
Prices in UK shops fell in every month of 2014, according to an industry group that predicts tumbling oil prices will continue the deflationary pattern this year.
‘And the finalists are ... George Osborne, Theresa May, William Hague, Nicky Morgan and Sajid Javid.” Jeremy Hunt either hadn’t made the cut for this particular edition of Fifteen to One, with which the Conservatives had chosen to start their new year election campaign, or had got stuck in A&E. Such a shame the health secretary couldn’t make it as the NHS has been such a success story for the Tories recently.
It takes a lot of nerve to accuse your opponents of profligacy when the country is in the red by more than £90bn and you have missed your deficit reduction targets by a country mile.
The chief secretary to the Treasury is the cabinet minister responsible for controlling public expenditure and number two to the reigning chancellor.
They are pro-European, socially liberal, regard unemployment and poverty as more important issues than race relations or immigration, and the vast majority are regular users of social media.
George Osborne’s hopes of using a strengthening economy as the springboard for election victory next May have been dealt a double blow with news of weaker growth during 2013 and 2014 and the biggest current account deficit in the UK’s history.
The Tories are kidding themselves and the public if they think they can plough ahead with public spending cuts without damaging health and education services, Nick Clegg has said.
Just when you thought debates about debates might have died down, the shadow chancellor, Ed Balls, has said he would be very happy to have a televised debate with George Osborne “any time, any place, any where”.
George Osborne has said Scottish MPs should not be able to vote on aspects of income tax that do not cover Scotland, appearing to contradict proposals in the cross-party Smith commission.
George Osborne has said that he will introduce further tax cuts for the oil and gas industry in the upcoming budget, to help offset the fall in global oil prices.