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Pair Of Scissors

UK

Danny Alexander aims to save billions by cutting duplication in public services

Danny Alexander, chief secretary to the Treasury, is planning to save billions in the spending review by scaling up a successful initiative that tested out the savings that could be achieved from integrating public services in Manchester and parts of London and two other locations.

Julia Gillard

GlobalUK

Julia Gillard survives attempt to replace her as Australian prime minister

In an extraordinary day in Australian politics, the prime minister, Julia Gillard has kept her job after a day of political wrangling that ended with a leadership contest where no one dared stand against her. Julia Gillard announced a "spill" – declaring her position open and inviting rivals to nominate for the job of Labor leader and, thereby, prime minister. The dramatic move followed calls by a senior ministers in her government for her to be replaced in the top job by her predecessor, Kevin Rudd. But when the ballot took place two and a half hours later, Rudd refused to nominate.  "I'm grateful to my colleagues for their continuing support for me as demonstrated in our meeting," Gillard told a press conference after she had been reconfirmed in her position as leader.

500 Euro Note

Europe

Cyprus to keep banks shut into next week as it seeks deal to avert disaster

Cyprus ordered its banks to remain closed until next week as the cabinet held emergency talks on Wednesday in an effort to strike a deal with the EU or Russia to avert financial meltdown and stave off bankruptcy.

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Ed Miliband Gestures

UK

Ed Miliband taunts George Osborne as #downgradedchancellor

Ed Miliband condemned George Osborne on Wednesday as a "downgraded chancellor", saying the country was now "worse off" than when the coalition was formed in 2010.

Stacks Of Books

GlobalUK

Taliban victim Malala Yousafzai starts school in UK

Malala Yousafzai, the teenager who was shot in the head by Taliban gunmen in Pakistan while advocating girls' education, attended her first day of school in the UK, weeks after being released from hospital.

David Cameron Meets

EuropeUK

David Cameron and his stand-in: the men who weren't there

The Labour MP Jim Sheridan on Tuesday called for sketchwriters to be banned from the Commons. Speaking at a committee meeting on the new royal charter for the press, he called us "parasitical elements who abuse their position", adding: "They hide behind their pens, calling people names."

George Osborne Close Up

UK

Tory MPs press George Osborne to help stay-at-home parents in budget

George Osborne is under pressure from Conservative MPs to introduce a promised marriage tax allowance to ensure that stay-at-home parents are not penalised by new childcare benefits unveiled by the government on Tuesday.

Barack Obama

GlobalUS

Obama sends holiday message to Iran

President Obama has sent a message to "the people and leaders of Iran" for the Persian new year Nowruz, saying the US prefers to resolve the current crisis over Tehran's nuclear programme "peacefully" and "diplomatically" if the Islamic republic shows commitment.

George Osborne Still

UK

George Osborne opts for Michael Heseltine's growth plan

George Osborne will attempt to shore up the government's credibility on economic revival on Monday when he accepts a recommendation from Lord Heseltine to target billions of pounds before the next election at boosting regional growth.

Stick Em Up

Europe

Savers Across Europe Will Look on in Horror at the Troika's Raid on Cyprus

The imposition of a levy on savers in Cypriot banks marks a new turn in the European crisis. Savings of over €100,000 will be subject to a 10% tax, and those under €100,000 one of 6.7%. The raid has been instructed by the "Troika" – the European commission, the IMF and the European Central Bank – as part of a characteristic "take it or leave it" ultimatum to the Cypriot government. The parliament in Nicosia is being pressed to ratify the deal with the threat that without it there will be no bailout funds and the ECB will withdraw all liquidity support to the stricken banks.

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