UK Deficit

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...

The Deficit is Falling!

Jonathan Portes | Posted 23.06.2013 | UK Politics
Jonathan Portes

There's nothing in economic theory that says you pause a third of the way through a deficit reduction programme which has gone way off track; nor does the fiscal framework, now effectively defunct with the abandonment of the debt target, dictate this approach.

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...

Mehdi's Morning Memo: Ed Rejects Austerity

Huffington Post | Mehdi Hasan | Posted 19.04.2013 | UK Politics

The ten things you need to know on Friday 19 April 2013... 1) ED REJECTS AUSTERITY In recent days, Tony Blair and his allies have been sounding ...

'We've Cut the Deficit by a Third' - True - Here's What the Chancellor Didn't Say

Jonathan Portes | Posted 21.05.2013 | UK Politics
Jonathan Portes

The first substantive line of George Osborne's budget speech was: "We've now cut the deficit not by a quarter, but by a third". This might be surprising to anybody who read my earlier blog here, which pointed out that the deficit had (measured on a rolling twelve- month basis) been rising, not falling, for the last year or so.

Americans Are Laughing at Us and Using UK as a Case Study on Why Not to Do Austerity

Brian John Spencer | Posted 21.05.2013 | UK Politics
Brian John Spencer

The George Osborne budget was tepid and utterly uninspiring. To paraphrase Fraser Nelson of the Spectator, the budget was devoid of substance and replete with gestures.

Mehdi's Morning Memo: The No-Growth Budget

Huffington Post | Mehdi Hasan | Posted 21.03.2013 | UK Politics

The ten things you need to know on Thursday 21 March 2013... 1) THE NO-GROWTH BUDGET It's the morning after - and the chancellor George Osborne ...

The Boy Who Cried Growth: The Empty Rhetoric of George Osborne

Mehdi Hasan | Posted 20.05.2013 | UK Politics
Mehdi Hasan

Growth has ground to a halt, real wages are falling and more than 6m people want work but can't find it: yet our chancellor continues to fiddle - with beer duties and the pottery industry - as the British economy flatlines. The inconvenient truth is that George Osborne has become Labour's greatest electoral asset.

Grim News And Spending Cuts Unveiled By George Osborne

PA/The Huffington Post UK | Tom Moseley | Posted 20.03.2013 | UK

It was billed as a do-or-die moment for George Osborne - but the 2013 budget turned out to be small beer. The Chancellor had precious little wiggle...

We Won't Flinch In Cutting The Deficit

Posted 16.03.2013 | UK

The Liberal Democrats in coalition will continue to be "unflinching" in the pursuit of deficit reduction, Danny Alexander has said. The Chief Secre...

Osborne To Continue With Austerity Programme Despite Credit Rate

PA/Huffington Post UK | Posted 25.02.2013 | UK Politics

George Osborne insisted Britain would not "run away" from its problems and vowed to continue with his tough austerity programme after Moody's downgrad...

UK Economic Recovery Hangs on Obama's State of the Union

Gareth Edmundson | Posted 13.04.2013 | UK Politics
Gareth Edmundson

At the State of the Union, it is expected that Obama will turn to setting out more gritty detail on domestic priorities for this second term. Undoubtedly, a large part of the speech will focus on how the United States can protect their economic recovery and create jobs.

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 ...

Why Do We Keep Letting Politicians Fudge the Numbers So Badly?

Justin Cash | Posted 28.03.2013 | UK Politics
Justin Cash

In times of crisis, the need for clear information is more important than ever. Crunching the numbers in a transparent way is one of the best methods of public policy formation available to us, and data concerning jobs and growth has informed many reasonable economic arguments in recent years.

'We Will Not Change Course'

The Huffington Post UK | Jessica Elgot | Posted 27.01.2013 | UK

Liberal Democrat leader Nick Clegg has vowed the coalition "will not change course" on their handling of the British economy, despite Friday's GDP fig...

Clegg Appears To Say Ministers Cut Capital Spending Too Deeply

PA | Posted 31.01.2013 | UK Politics

Deputy Prime Minister Nick Clegg appeared to admit that the coalition cut capital spending too deeply when it took power. Speaking ahead of the rel...

Ned Simons

David Cameron Accused Of Misleading Claim That UK's Debt Is Falling

HuffingtonPost.com | Ned Simons | Posted 28.01.2013 | UK Politics

David Cameron has been accused of misleading voters after claiming the government was “paying down Britain’s debt”. During a Conservative Par...

Mehdi's Morning Memo: Barack Obama Vs Nigel Farage

Huffington Post | Mehdi Hasan | Posted 30.01.2013 | UK Politics

The ten things you need to know on Thursday 10th January 2013... 1) BARACK OBAMA VS NIGEL FARAGE Yesterday, it was Richard Branson and a bunch...

A Good Autumn Statement, but the Economic Future Still Hangs in the Balance

Graeme Leach | Posted 05.02.2013 | UK Politics
Graeme Leach

Osborne can give himself a pat on the back - the Autumn Statement was a tricky job, well done. Of course, that doesn't let the Chancellor entirely off the hook. There are still threats to his prospects of eventual success.

The Pennies Are Dropping as the UK's Deficit Falls

Damian Collins | Posted 04.02.2013 | UK Politics
Damian Collins

To govern is to choose and in his autumn statement today setting our the governments tax and spending priorities, it's clear that George Osborne has not only fixed his economic strategy, but set in train the Conservative Party's approach to the 2015 general election.

George Osborne Accused Of 'Cutting The NHS, Not The Deficit'

The Huffington Post UK | Ned Simons | Posted 05.12.2012 | UK Politics

As George Osborne prepares to deliver his Autumn Statement, the Labour Party has gleefully seized on findings that David Cameron has failed to live up...

Osborne Warned More Austerity Measures Needed To Meet Deficit Targets

PA/Huffington Post UK | Posted 02.12.2012 | UK Politics

George Osborne has admitted it is taking longer for Britain to recover from the financial crisis than he hoped amid warnings that he will not meet hi...

'We Can't Protect You From The Cuts'

The Huffington Post UK | Jessica Elgot | Posted 01.11.2012 | UK Politics

Treasury Minister David Gauke has expressed his frustration with the "fiscal nimbyism" of middle class parents who oppose cuts in child benefits, and ...

Finally! Exposed! The Deficit Myth! So, David Cameron When Are You Going to Apologise?

Ramesh Patel | Posted 23.12.2012 | UK Politics
Ramesh Patel

As a Conservative I have no pleasure in exposing David Cameron's deficit claims. However, as long as the party continues to talk down the economy via the blame game, confidence will not be given an opportunity to return. For it is an undeniable and inescapable economic fact: without confidence and certainty there can be no real growth.

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...