Posts Tagged ‘alistair darling’

Well there was no surprise regarding the budget. Tax, tax and a little more tax.

Tuesday, April 6th, 2010

…read more

The great Darling, Cable and Osborne head-to-head

Tuesday, March 30th, 2010

On the day that the latest opinion poll sees the Conservatives draw a little further ahead, we had the great wannabe Chancellors debate. ComRes now put the Tories on 37%, Labour on 30% and the LibDems on 20%, which would leave the Conservatives 31 seats short of an overall majority. …read more

Is Alistair Darling making a play for the top Job?

Wednesday, February 24th, 2010

…read more

Darling prepares for assault on the public sector

Sunday, January 24th, 2010

…read more

Alistair Darling accused of ‘hiding’ true extent of spending cuts

Thursday, December 17th, 2009

Alistair Darling has faced criticism from MPs over the true extent of the cuts to the public sector required to curtail public spending. With record debt interest levels expected to hit between £70 billion and £80 billion per year in five years time  (which was not revealed to parliament in the Pre-Budget Report) cuts must be seen to be effective in order to replenish diminished confidence for both the city and the credit rating agencies.

…read more

A Christmas Carol part one

Tuesday, December 15th, 2009

It was December the 24th 2009, a night when all good men have long downed tools in favour of the open fire and family at the festive season. …read more

Treasury officials believe hike in NI could fuel deficit

Saturday, December 12th, 2009

It is reported that Gordon Brown vetoed a sharp rise in VAT and insisted that the rise in National Insurance (NI) contributions should take centre stage in the programme of addressing Britain’s huge debt. The Prime Minister is also said to have stopped the Chancellor from detailing too specifically where any future spending cuts would take place.

According to the Independent, senior treasury officials share the business community’s view that the employers’ rise in contributions from 12.8% to 13.8% constitutes a tax on employment that may well act as a drag on any recovery. …read more

Who is on the tightrope

Thursday, December 10th, 2009

…read more

Labour ducks the issues

Thursday, December 10th, 2009

Like something out of an old silent black and white slap-stick movie, Alistair Darling yesterday ducked and the next Chancellor in line will wear the economic punch squarely on the nose. All in the name of what Gordon Brown would call ‘fiscal timing’, that is we can only impose the pain when the recovery is under way. …read more

The UK Chancellor caught between more debt or public sector cuts

Wednesday, December 9th, 2009

Gordon Brown, Alistair Darling and the whole New Labour project have successfully manoeuvred themselves between a very big rock and an extremely hard place.

On the one hand The Chancellor must show that he can deal with the nation’s growing debt and therefore keep the markets happy and the credit rating companies content enough to keep us in the AAA bracket. On the other hand he must not alienate voters (taxpayers) by raising tax or cutting services and benefits too much. …read more

Alistair Darling under pressure to make huge tax increases

Thursday, December 3rd, 2009

According to the Express today, Alistair Darling has come under intense pressure to impose an eye-watering 70% tax on big earners. It seems that Treasury officials are asking the chancellor to use the ‘mini-budget’ next week as a vehicle to impose a new ‘tax-the-rich’ regime.

This would not only go some way to addressing the ballooning budget deficit, but also wrong foot the Tories if they tried to oppose it. This would be a good move according to the left wing. …read more

UK recession worse and longer lasting than expected

Friday, November 27th, 2009

The Chancellor, Alistair Darling is expected to announce that the UK shrank by 4.75% in 2009 in his pre-budget report, far more than the 3.5% previously forecast. This will rival that experienced in the Great Depression. Despite this he is further expected to claim that the economy will return to growth next year. The government, already mired in debt and a vastly reduced tax take, will have to shred its plans and maybe look to borrow even more. Growth projections for the third quarter this year actually ended a reality of a contraction of 0.3%. …read more