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02/02/2010
Osborne's 'Solid' Economy Plans
Government plans to halve the budget deficit within four year are not "credible", Tory Shadow Chancellor George Osborne said today.
Mr Osborne said a Conservative government would rebuild the UK economy on "more solid" foundations.
Savings, exports and greater enterprise should form the basis of an economic recovery, he told senior backbench MPs.
Mr Osborne said Labour's plans for growth propped up by "public and private debt" was "severely unbalanced".
The Shadow Chancellor defended criticism from Labour that the new Tory economic model was not clear enough for the City.
He said the government had been "right to have run a large deficit... I think it has been essential for us to have the recovery that is necessary for the economy".
Mr Osborne claimed his party would aim to "eliminate a large part" of the £178bn UK budget deficit over the next Parliament.
He said "fiscal tightening" needed to be coordinated with the Bank of England, suggesting Labour's four-year plan to halve the deficit was "not regarded as credible".
Mr Osborne said growth lay in widening infrastructure such as broadband and light rail systems and bolstering UK exports.
He conceded Tory spending cuts could begin this year, should the party win the general election.
The thrust of his plans is to increase the role of the private sector and creating a "safer banking system".
(PR/BMcC)
Mr Osborne said a Conservative government would rebuild the UK economy on "more solid" foundations.
Savings, exports and greater enterprise should form the basis of an economic recovery, he told senior backbench MPs.
Mr Osborne said Labour's plans for growth propped up by "public and private debt" was "severely unbalanced".
The Shadow Chancellor defended criticism from Labour that the new Tory economic model was not clear enough for the City.
He said the government had been "right to have run a large deficit... I think it has been essential for us to have the recovery that is necessary for the economy".
Mr Osborne claimed his party would aim to "eliminate a large part" of the £178bn UK budget deficit over the next Parliament.
He said "fiscal tightening" needed to be coordinated with the Bank of England, suggesting Labour's four-year plan to halve the deficit was "not regarded as credible".
Mr Osborne said growth lay in widening infrastructure such as broadband and light rail systems and bolstering UK exports.
He conceded Tory spending cuts could begin this year, should the party win the general election.
The thrust of his plans is to increase the role of the private sector and creating a "safer banking system".
(PR/BMcC)
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23 April 2013
Slight Fall In Government Borrowing
The amount of borrowing by the UK Government has fallen to £120.6bn over the last financial year, the Office for National Statistics has said. Borrowing also fell in the month of March, from £16.7bn in 2012 to £15.1bn in 2013, as spending cuts across various Government departments began.
Slight Fall In Government Borrowing
The amount of borrowing by the UK Government has fallen to £120.6bn over the last financial year, the Office for National Statistics has said. Borrowing also fell in the month of March, from £16.7bn in 2012 to £15.1bn in 2013, as spending cuts across various Government departments began.
19 June 2013
Report Calls For Jail Terms For 'Reckless' Bankers
A long-awaited banking report has called for the jailing for senior bankers guilty of reckless misconduct. Following a number of banking scandals last year, chancellor George Osborne established the Parliamentary Commission on Banking Standards to review the industry and the conduct of bankers.
Report Calls For Jail Terms For 'Reckless' Bankers
A long-awaited banking report has called for the jailing for senior bankers guilty of reckless misconduct. Following a number of banking scandals last year, chancellor George Osborne established the Parliamentary Commission on Banking Standards to review the industry and the conduct of bankers.
22 December 2011
Government To Waive Military Wives' Tax
The Chancellor of the Exchequer has announced the Government will waive VAT on sales of the Military Wives choir's Christmas single, which is set to be this year's Christmas number one.
Government To Waive Military Wives' Tax
The Chancellor of the Exchequer has announced the Government will waive VAT on sales of the Military Wives choir's Christmas single, which is set to be this year's Christmas number one.
06 October 2009
Tories Would Freeze Public Wages
A Tory government would freeze public sector pay, the Shadow Chancellor told his party's Manchester conference today. Outlining the Conservatives' spending plans, George Osborne said he would halt pay increases for judges, doctors, teachers and emergencies services staff in 2011.
Tories Would Freeze Public Wages
A Tory government would freeze public sector pay, the Shadow Chancellor told his party's Manchester conference today. Outlining the Conservatives' spending plans, George Osborne said he would halt pay increases for judges, doctors, teachers and emergencies services staff in 2011.
02 July 2009
George Osborne To Face Expenses Investigation
Shadow Chancellor George Osborne is to be investigated by the Parliamentary Standards Commissioner over his expenses. John Lyon, the parliamentary commissioner for standards, confirmed he is investigating a complaint about Osborne, who has been criticised for the way he "flipped" the designation of his second home.
George Osborne To Face Expenses Investigation
Shadow Chancellor George Osborne is to be investigated by the Parliamentary Standards Commissioner over his expenses. John Lyon, the parliamentary commissioner for standards, confirmed he is investigating a complaint about Osborne, who has been criticised for the way he "flipped" the designation of his second home.
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Northern Ireland WeatherThis Evening and Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Perhaps a touch of ground frost. Cloud will spread east towards morning. Minimum temperature 2 °C.
