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Posts Tagged ‘alistair darling’
Darling prepares for assault on the public sector
Sunday, January 24th, 2010Alistair 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.
A Christmas Carol part one
Tuesday, December 15th, 2009It 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, 2009It 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
Labour ducks the issues
Thursday, December 10th, 2009Like 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
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
Alistair Darling pours cold water on hopes of quick economic recovery
Thursday, November 26th, 2009
Alistair Darling has said in Parliament today that unemployment will continue to rise for “a while”. Unemployment in the UK currently stands at just under 2.5 million or about 7.8% of the working population. Alistair Darling’s comments mirror the Organisation for Economic Co-operation and Development’s (OECD) forecast that the jobless numbers will rise to 9.3% next year and further to 9.5% in 2011.
The OECD has said that although recovery is spreading across OECD countries, it was still too little to halt the rising unemployment. It also said that the UK is lagging behind other countries in recovering from recession. …read more
Bankers’ bonuses to be regulated by the state
Sunday, November 15th, 2009
According to the Telegraph, with legislation proposed by Alistair Darling set to be enacted before the general election next year, the FSA will get the power to amend bankers’ contracts after the fact to prevent ‘unjustifiable’ bonuses. This effectively means state control over bankers’ wages. A very attractive proposal given recent occurrences in the City. …read more
Is Alistair Darling making a play for the top Job?
Wednesday, February 24th, 2010…read more
Tags: Alastair Campbell, alistair darling, Bullying, Comment, Damien McBride, Gordon Brown, guido fawkes, News, recession
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