George Osborne, the British Chancellor, has publicly disagreed with his prime minister on a fundamental issue of monetary policy - in an official Treasury report.

The prime minister recently argued that "There's no magic money tree to fund" what he called "this ever more wishful borrowing and spending".

Two million unemployed and one million under-employed people; a construction industry mired in deepening slump; green energy suppliers ignored; retailers with few customers coming through the door - all these listened to a British Chancellor carefully today, and heard only one thing.

There is no hope. Nothing...

Matt Taibi of Rolling Stone was right about the Vampire Squid: "the first thing you need to know about Goldman Sachs is that it's everywhere."

Now a scion of Goldman Sachs is to be the governor of the Bank of England.

The Chancellor's announcement today is audacious. He...

At their annual meeting in Tokyo this year, IMF economists destroyed the case for austerity. While their analysis constituted a small part of a routine report - the World Economic Outlook - and was technical in form, the devastating impact of their conclusions could not be ignored by...

So just what has changed in the Heathrow debate, apart from the increasingly febrile political atmosphere? Supporters of the third runway (R3) claim our economy will be disastrously damaged if it doesn't proceed. But few supporting facts are put forward. This is not surprising, because the evidence is thin indeed....

The British government's economic strategy is in tatters.

On the one hand the Chancellor, the Rt. Hon. George Osborne has just offered assurances to the private sector that the British taxpayer will guarantee £50bn of new infrastructure investment and exports.

On the other, the coalition's deficit reduction programme has largely...