Nightmare verdict on 'unavoidable' budget
“Somewhat regressive” were the words that the coalition, particularly the yellow half, really would not have wanted to hear from the Institute for Fiscal Studies (IFS), writes economics
The spectre of base rate rises
The coalition Treasury has a big macroeconomic strategy. Borrowing slashed so that economy-wide interest rates can stay lower for longer. It is how they have made the argument to middle England for
VAT rise was not 'unavoidable'
The Chancellor has lanced the boil of the fiscal crisis. Britain’s AAA rating is safe But he has done more than necessary to meet his fiscal target, so the VAT rise was
Never waste a good crisis
Faisal Islam blogs on how tomorrow’s budget will signal the beginning of the public sector recession.
George Osborne's self-imposed budget trap
Faisal Islam blogs on how the creation of the Office of Budget Responsibility could mean we have instant analysis of the impact of George Osborne’s budget next Tuesday.
Spending cuts: at midday the axeman came
Sheffield Forgemasters boss Peter Birtles received a shock phone call from officials in the Department for Business just minutes before Chief Secretary to the Treasury Danny Alexander announced the
Regulatory developments as the Bank takes control
The Bank of England Governor tonight confirmed that Hector Sants, the chief executive of the Financial Services Authority, has been persuaded to stay in office. “I am absolutely delighted
The Bank is now in charge
The Bank of England will tonight become the most powerful institution in Britain. To understand what is to happen at tonight’s Mansion House speech, you have to go back a year to last
OBR doesn't make case for savage cuts; but Osborne will choose to do so
Faisal Islam blogs on how Sir Alan Budd’s forecast has far from backed up the government’sline on the deficit.
New economic forecast brings unexpected problems for coalition
The OBR experts have just released their first financial forecasts. It is not a mandate for a much sharper axe, writes Faisal Islam.
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