I’m afraid there is no money. Those six little words have shaped George Osborne’s stewardship of the economy for the past five years, and, as Wednesday’s autumn statement will show, they continue to shape it.
Why is the government not meeting its deficit targets?
The prime minister, David Cameron, has spent the weekend trending on Twitter, though not in a manner he would like.
As a political leader, Gordon Brown came close to being a great man.
The business secretary, Vince Cable, has torn into the Conservatives for promising £7bn of new tax cuts at a time of renewed uncertainty about the global economy, saying it was “total fantasy” to think they could be delivered without raising other taxes or making massive extra cuts to public services.
Britain abandoned a bid to overturn a European Union ban on banker bonuses of more than twice fixed pay after it suffered a setback in the EU’s top court.
George Osborne will receive his first indication on Thursday about whether he will succeed in his attempt to overturn the European Union cap on bankers’ bonuses.
Britain’s two main political parties are guilty of a “grand deception” by claiming that they can either cut taxes or maintain public spending without spelling out in detail how their plans will be funded, Danny Alexander said on Tuesday.
The fines that the five banks have coughed up, will now go straight into UK finance minister George Osborne's pre-election coffers.
It’s the 2.1 billion euro question: “Is Cameron going to pay the £1.7bn?” a London cab driver asked me last week. The answer, despite the prime minister’s angry outburst on the subject, is almost certainly “yes”, though there will no doubt be some haggling over the timing and over minor details.
Nick Clegg will deploy his pro-European credentials to try to win the vital support of the French prime minister Manuel Valls for a cut and delay in the sudden Brussels demand for an extra £1.7bn UK contribution to the EU budget.
Lloyds Banking Group wants to strip out 9,000 jobs that are no longer needed.