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Mervyn King rails against ‘small elite’ of bonus-addicts
January 24, 2012 8:52 pm 4 Comments
It is the Bank of England governor's piercing assault on bankers that sticks in the mind from today's important speech in Brighton. He doesnt quite join Occupy the City, but he does suggest that British capitalism's very legitimacy is up for grabs if bankers go too far on pay.
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The Bankers’ threats to a Chancellor who thinks ‘they’ve got away with it’
September 7, 2011 8:41 pm 7 Comments
Faisal Islam pores over Alistair Darling's memoir and finds some extraordinary revelations about the banks which still have relevance today.
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Darling calls for investigation into QE’s effects, before its expansion
October 25, 2010 11:21 am 4 Comments
Quantitative Easing: What on earth has happened to the £200bn?
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Labour leadership: Walking with deficit deniers
September 1, 2010 5:20 pm 7 Comments
The Chancellor recently derided the Labour leadership candidates as ‘deficit-deniers’, an opinion with which Tony Blair appears to concur. The final chapter of his new book does place him closer to the Coalition Treasury than the economic policies outlined to date by the candidates. Ahead of our Labour leadership hustings on the economy, it’s worth [...]
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OBR doesn't make case for savage cuts; but Osborne will choose to do so
June 14, 2010 4:53 pm 7 Comments
Faisal Islam blogs on how Sir Alan Budd's forecast has far from backed up the government'sline on the deficit.
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New economic forecast brings unexpected problems for coalition
2:06 pm 5 Comments
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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Would this be Alistair Darling's advice to George Osborne?
May 21, 2010 6:02 pm 7 Comments
Faisal Islam imagines what a letter between Alistair Darling and George Osborne could look like.
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After Ask the Chancellors – Operation Spin Room
March 30, 2010 6:56 pm No Comments
About five minutes after Channel 4's Ask the Chancellors debate had ended, Britain's first ever "spin room" was invaded by a phalanx of sharp-suited Conservatives, blogs Faisal Islam.
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Election battleground boils down to bulk
March 25, 2010 4:48 pm No Comments
The word bulk is now key to the election economics. It is the root of what difference exists between Labour and Conservatives in terms of their spending cuts and tax rises.
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Alistair Darling's pothole budget
March 24, 2010 6:26 pm No Comments
What has happened to the giant pothole in the public finances? The answer is that some of it, more than expected, has been filled in, but not by Mr Darling, writes Faisal Islam.

