UK Borrowing

George Is Really Struggling To Stop Borrowing So Much

The Huffington Post UK | Asa Bennett | Posted 21.10.2014 | UK Politics

George Osborne's austerity regime has veered further off track as new figures show that public sector borrowing is soaring even higher. The Office ...

Will Austerity Really Reduce the Government Deficit?

John Mills | Posted 10.11.2014 | UK Politics
John Mills

In 2013, the government deficit, according to the latest available Office for National Statistics (ONS) figures, was £92.9billion, which was 5.8% of GDP. All our major political parties are fixated on getting this deficit down by cutting expenditure and raising taxes. But should they be quite so determined to do so? Is austerity really the best way to cut the deficit?

This Awkward Graph Shows Osborne Is Failing To Get The Books In Order

The Huffington Post UK | Asa Bennett | Posted 20.06.2014 | UK Politics

George Osborne's plan to eliminate Britain's deficit by 2018 has been undermined as the decline in the rate of borrowing looks to have ground to a hal...

Here's Why You're Much More In Debt Than You Think

The Huffington Post UK/PA | Posted 27.03.2014 | UK Politics

Rent, council tax and utility bill arrears often have just as damaging an impact on people as payday loans, according to a new 'harm index' designed t...

Osborne Is 'Taking Us Back To A Debt-Fuelled Economy'

The Huffington Post UK | Asa Bennett | Posted 19.03.2014 | UK Politics

George Osborne told MPs in his Budget that the country "borrows too much and saves too little" as he announced a new individual savings account that w...

Economy At Risk If Interest Rates Stay Low, Warns Carney

The Huffington Post/PA | Posted 19.03.2014 | UK Politics

Bank of England governor Mark Carney warned the economy faced renewed dangers from excessive borrowing as encouraged by low interest rates. Carney ...

'You're A Mug To Save'

The Huffington Post/PA | Posted 05.03.2014 | UK

The Bank of England's five-year policy of rock bottom interest rates has sent out the message that "you're a mug to save", experts have said. But w...

Polling Figures Paint Uplifting Picture for Conservatives

Alex Rickets | Posted 13.02.2014 | UK Politics
Alex Rickets

At the beginning of this year, with the UK economy stuck in stagnation and seemingly no end in sight to the Coalition government's controversial austerity programme, the chances of a Conservative majority after the 2015 general election looked slim. Fast forward, and a fundamentally altered story emerges.

Have You Danced With the Devil? The Real Alternatives to Payday Loans

Sarah Willingham | Posted 26.01.2014 | UK
Sarah Willingham

Apart from maybe the big six energy companies, I don't know any type of business which gets more bad press than payday loan companies. Anyone you speak to - in the pub, on the school run or in the office - has an extremely negative view of them, yet as much as £1.8 billion is being lent a year by payday loan companies and some (yes you Wonga!) have interest rates as high as 5,853% APR. Disgraceful!

George Borrowed More In 3 Years Than Labour Did In 13

The Huffington Post UK | Posted 21.11.2013 | UK Politics

George Osborne's claims to be prudent with the nation's finances have been brutally undermined by the fact he has added more to Britain's £1.2 trilli...

'First July Deficit In Three Years'

The Huffington Post UK | Asa Bennett | Posted 21.08.2013 | UK

George Osborne's deficit reduction agenda has taken a hit as government borrowing rose £1.3 billion in July due to higher spending, leaving the count...

Mehdi's Morning Memo: All In This Together? Come Off It

Huffington Post | Mehdi Hasan | Posted 11.07.2013 | UK Politics

The five things you need to know on Thursday 11 July 2013... 1) ALL IN THIS TOGETHER? COME OFF IT Whether or not you agree with the guys and gir...

Ed Balls Urges George Osborne To Pump Money Into Economy

PA/The Huffington Post UK | Posted 22.06.2013 | UK Politics

Ed Balls has urged George Osborne to pump money into construction, saying investing in the economy now could reduce the need for deep cuts in two year...

Public Sector Borrowing Down £300m

PA | Posted 23.06.2013 | UK Politics

Britain's finances remain under intense pressure after figures today showed annual net borrowing managed only a slight dip to £120.6 billion in the f...

Morrison Slashes 700 Jobs After Osborne's 'Hardworking People' Speech

Huffington Post UK | Felicity Morse | Posted 10.04.2013 | UK

Nearly 700 jobs are at risk at Morrisons, the supermarket where last week George Osborne made a speech in defence of cutting benefits, saying he would...

George Osborne Tells Tory MPs 'No Shock Therapy' For The Economy

The Huffington Post UK | Posted 26.03.2013 | UK Politics

George Osborne has rejected calls from the right-wing of the Conservative Party that he administer "shock therapy" to the economy in order to kickstar...

George Osborne Warns Of 'Tough Choices' But Will Not Change Course

PA/Huffington Post UK | Posted 20.03.2013 | UK Politics

Budget 2013 live : Follow George Osborne's announcement here with our 'At A Glance' guide to all the big decisions on the economy. George Osborne b...

Cameron Pledges To Stick To Economic Plan Despite Cable

PA/The Huffington Post UK | Tom Moseley | Posted 07.03.2013 | UK

David Cameron will vow he is "sticking to the plan" on the economy - after Vince Cable said it was time to change course. The Prime Minister will p...

Vince Cable Tells George Osborne To Change Course To 'Revive Growth'

The Huffington Post UK | Ned Simons | Posted 06.03.2013 | UK Politics

With just two weeks to go until the Budget, Vince Cable has told George Osborne to ditch his opposition to borrowing in order to stimulate growth in t...

UK Deficit To Be £64bn Above Osborne's 2015 Target

PA/The Huffington Post UK | Posted 06.02.2013 | UK Politics

The UK will borrow £64bn more than expected by 2015 despite Chancellor George Osborne's repeated attempts to control the country's deficit, a report ...

Osborne Preparing To Drop His Debt Target

Huffington Post UK | Mehdi Hasan | Posted 12.09.2012 | UK Politics

Do you remember George Osborne’s first “emergency” budget in June 2010? The chancellor of the exchequer argued that “in order to place our fis...

RBS Improves Existing Lending Rates For Medium Sized Businesses With Funding For Lending Scheme

The Huffington Post UK | Charlie Thomas | Posted 10.09.2012 | UK

The Royal Bank of Scotland has announced it will use the Treasury's Funding For Lending scheme to boost its Manufacturing Fund. The fund, which was...

Is It Time to Raise Income Tax

Malcolm Prowle | Posted 19.09.2012 | UK
Malcolm Prowle

The current global economic and financial crisis is sometimes often described as a "perfect storm" combining, as it does, severe debt crises in the UK, USA and Eurozone countries, stagnant (or declining) economic performance and loss of trust in elected politicians.

Public Sector Hit £18.2bn In March

PA | Posted 23.06.2012 | UK Politics

Government borrowing reduced by nearly £11 billion over the last financial year, despite a surprise rise in the figure for March. Public sector ne...

100 Year Bonds Are Nothing More Than a Political Stunt

Samuel Dale | Posted 19.05.2012 | UK Politics
Samuel Dale

Chancellor George Osborne doesn't have much to cheer about In the run up to his third Budget this week.