UK Deficit

2014: The Road to the Election

John Lehal | Posted 10.03.2014 | UK Politics
John Lehal

With 2014 marking the last full year before the next General Election, as well as the Scottish independence referendum and local and European elections, it might be fair to say our politicians are looking ahead with some trepidation at the year ahead.

UK Deficit Is Twice What Osborne Tells You, Warn MPs

The Huffington Post UK | Asa Bennett | Posted 23.01.2014 | UK Politics

Government figures used by George Osborne and coalition ministers on the size of Britain's budget deficit may be misleading, an influential committee ...

Osborne: UK Won't Have A Deficit In 2018 (Four Years Later Than Planned)

The Huffington Post UK | Asa Bennett | Posted 05.12.2013 | UK Politics

George Osborne has used today's Autumn Statement to reveal that the UK will no longer have a budget deficit by 2018, even though he first set out to d...

Not Even Back to Where We Started

Tony Dolphin | Posted 04.02.2014 | UK Politics
Tony Dolphin

In his Autumn Statement, the Chancellor is claiming vindication for his economic strategy, saying that it has put Britain back on the road to economic recovery. However, while it does appear to be the case that the economy is recovering again, this is in spite of his economic policies, not because of them.

Cross-Party Economic Duplicity Carries Great Dangers

Alex Rickets | Posted 30.11.2013 | UK Politics
Alex Rickets

George Osborne's speech at the Conservative Party Conference in Manchester dealt with themes we have come to expect from him: an emphasis on fiscal discipline and assurances that he is on the side of aspirational, "hard-working" people the length of the country. There were, however, also features we haven't heard before...

Is It Time to Privatise the Monarchy?

Kieran Turner-Dave | Posted 22.09.2013 | UK Politics
Kieran Turner-Dave

I propose that the priority of the next government budget should be to privatise the monarchy... The only difference is that the royal family will have to dip into their vast personal wealth in order to fund their luxurious lifestyles - and pay their fair share of tax.

A Better Way of Working

Jeroen Hoencamp | Posted 20.09.2013 | UK
Jeroen Hoencamp

Better ways of working would save the average employee five productive hours a week, which works out, in average salary terms, to around £4,200 per employee per year. Employers would also save £650 per employee on the cost of the desk space they occupy, and £100 on printing. The country as a whole would gain £6.9billion year in working hours gained.

Mehdi Hasan

Cabinet Secretary Accused Of Advocating 'Extreme' Austerity

HuffingtonPost.com | Mehdi Hasan | Posted 03.07.2013 | UK Politics

The country's most powerful mandarin has been accused of breaching civil service political neutrality by publicly advocating austerity measures more "...

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...