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George Osborne MP

Chancellor of the Exchequer

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  • = Key Development Friday 30th January
  • 16:41 In Brief Events

    16:41 | Events | PoliticsHome Events

    Leader of the Opposition Ed Miliband and shadow chancellor Ed Balls visit Milton Keynes Chancellor George Osborne meets Greek Finance Minister Yanis Varoufakis in London Foreign Secretary Philip Hammond and Defence Secretary Michael Fa... Continue to article

  • = Key Development Monday 26th January
  • 07:20 George Osborne: Syriza policies are incompatible with eurozone terms On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Today, BBC Radio 4 Video George Osborne MP

    George Osborne said the promises made by Syriza in the Greek election campaign were “incompatible” with the terms of membership of the eurozone.   “Ultimately, if you take at face value all the things that the new Greek government has pr... Continue to article

  • = Key Development Sunday 25th January
  • 07:04 Times: The Tory fight to be top dog (£) News

    News | The Sunday Times source icon

    Boris Johnson and George Osborne have forged an unlikely alliance to thwart Theresa May in any race for the party leadership Continue to article

  • = Key Development Friday 23rd January
  • 08:00 James Forsyth blog: Can George Osborne pass his own 13 tests? News

    Blog | Coffee House source icon

    Before George Osborne took to wearing hard hats and hi-vis jackets, he used to revel in his status as a political insider. Continue to article

  • = Key Development Wednesday 21st January
  • = Key Development Tuesday 20th January
  • 13:02 George Osborne calls on Labour to rule out SNP coalition News

    News | Telegraph politics blog source icon

    Chancellor George Osborne predicts English voters will not allow the next Government to rely on votes of Scottish MPs to pass the Budget Continue to article

  • = Key Development Monday 19th January
  • 11:58 Lobby:No 10: PM agrees with Pickles letter Lobby Briefings

    11:58 | Lobby Briefings | PoliticsHome Lobby Briefings

    Downing Street said the Prime Minister fully agreed with the letter sent by Eric Pickles to Muslim leaders urging them to do more to turn them away from extremism. On David Cameron’s comments today, the Prime Minister’s Official Spokesma... Continue to article

  • 10:55 Cameron defends Pickles' 'reasonable' letter to Muslim leaders PoliticsHome News

    Cameron defends Pickles' 'reasonable' letter to Muslim leaders PoliticsHome News Cameron defends Pickles' 'reasonable' letter to Muslim leaders

    David Cameron has defended a letter sent by Eric Pickles to Muslim leaders urging them to do more to turn them away from extremism. The Communities Secretary, along with his DCLG colleague Lord Ahmad, wrote to more than 1,000 imams enco... Continue to article

  • = Key Development Sunday 18th January
  • 18:36 Matthew d'Ancona blog: Rumours of a plot to oust David Cameron are overblown News

    Blog | Comment is Free source icon

    George Osborne and Boris Johnson are hugely ambitious. But the interests of both are best served by the status quo – for now Continue to article

  • = Key Development Saturday 17th January
  • 11:17 Jack Straw: Cameron's reticence on TV debates is a compliment to Ed Miliband On air

    On Air | Jack Straw MP | Former Justice Secretary | Week in Westminster, BBC Radio 4 Video Jack Straw MP

    Jack Straw said David Cameron's reluctance to take part in pre-election televised leaders' debates was a testament to Ed Miliband's prowess. “On Ed Miliband, I think Chris [Patten] is right in implying that Ed Miliband is not to be under... Continue to article

  • = Key Development Friday 16th January
  • 17:13 House of Commons Business Commons Business

    17:13 | Commons Business | PoliticsHome Commons Business

    COMMONS CHAMBER 11:30am: Foreign and Commonwealth Office questions (Topicals at 12:15pm) Main business Ten minute rule motion: Road Fuel Pricing (Equalisation) Bill (Mark Garnier, Con, Wyre Forest) Opposition day debate (13th all... Continue to article

  • 16:51 Ian Davidson blog: The SNP have proved they’re unfit to represent Scotland by collaborating with the Tories News

    Blog | LabourList source icon

    On Tuesday in Westminster, George Osborne wasted a good deal of Parliamentary time on a political stunt. Continue to article

  • 16:20 In Brief Events

    16:20 | Events | PoliticsHome Events

    Chancellor George Osborne speaks at the World Economic Forum in Davos, Switzerland on fiscal and monetary options for the European Union (1:15pm) Environment Minister Dan Rogerson attends a Bristol2015 green capital launch event Continue to article

  • 09:49 Tele: If we want Britain to become richer, we need some radical changes News

    News | Telegraph blog source icon

    George Osborne is right about Britain's potential, but he and his Westminster cronies are holding it back Continue to article

  • = Key Development Thursday 15th January
  • 20:00 Screen Test The House Magazine

    20:00 | The House Magazine | PoliticsHome The House Magazine Screen Test

      Words: Paul Waugh Photos: Paul Heartfield      For a woman whose weekend lie-in was ruined by pre-dawn tablet computer action, Nicky Morgan looks remarkably bright-eyed and bushy-tailed. “Alex woke us up at half past fiv... Continue to article

  • 17:37 Ed Balls: Chancellor must act to protect North Sea revenues from falling oil prices On air

    On Air | Ed Balls MP | Shadow Chancellor | BBC News Video Ed Balls MP

    Ed Balls called on the Chancellor to create tax incentives to prevent the fall in oil prices hitting revenues from North Sea oil. “I think George Osborne needs to fast-track proposals. I am not sure if he can afford to wait even for the ... Continue to article

  • 14:17 George Osborne: Oil price fall a challenge for North Sea industry On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Sky News Video George Osborne MP

    George Osborne said the fall in the oil price presented a 'real challenge' to the North Sea oil and gas industry. "The big fall in the oil price has been of real benefit to the British economy. It's helped families, it's cut prices at th... Continue to article

  • 07:55 George Osborne: NHS problems a matter of regret for me and Government On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Good Morning Britain, ITV Video George Osborne MP

    George Osborne said it was a "matter of regret" that the NHS had experienced problems over the winter, after a story emerged of a patient who was left to sleep in a hospital cupboard. "Every time a patient doesn’t get the treatment that ... Continue to article

  • 07:00 Peter Oborne: The Tory machine is gearing up to back Boris Johnson as the next leader News

    Opinion | The Daily Telegraph source icon

    George Osborne is clever enough to know he can’t win – and to know a man who can Continue to article

  • = Key Development Wednesday 14th January
  • 07:19 Treasury: George Osborne speech extracts on inflation Press Release

    07:19| Press Release

    A press release from the Treasury: Extracts from George Osborne's speech In the Royal Economic Society annual lecture today, George Osborne is expected to say: "The low inflation we see here in the UK – driven as it is almost entirely b... Continue to article

  • = Key Development Tuesday 13th January
  • 14:51 Balls and Osborne exchange attacks on spending plans House of Commons

    Balls and Osborne exchange attacks on spending plans House of Commons

    Ed Balls and George Osborne have traded jibes on each other’s economic policies, as they debated a plan to introduce a fiscal target for the next Government. Labour will vote in favour of the Government’s ‘Charter for Budget Responsibil... Continue to article

  • 14:51 Balls and Osborne exchange attacks on spending plans House of Commons

    Balls and Osborne exchange attacks on spending plans House of Commons

    Ed Balls and George Osborne have traded jibes on each other’s economic policies, as they debated a plan to introduce a fiscal target for the next Government. Labour will vote in favour of the Government’s ‘Charter for Budget Responsibil... Continue to article

  • 13:20 Chris Leslie: Failure to improve living standards is behind Govt's missed deficit reduction targets On air

    On Air | Chris Leslie MP | Shadow Chief Secretary to the ... | BBC News Video Chris Leslie MP

    Chris Leslie said the Chancellor had not met his deficit reduction target because he had failed to recognise the role of economic growth in improving the public finances. “It was supposed to have all disappeared, been eradicated accordin... Continue to article

  • 10:02 IoD: Tumbling inflation is no concern for business leaders Press Release

    10:02| Press Release

    Institute of Directors press release Commenting on this morning’s inflation figures, which showed the CPI index running at 0.5% in December 2014, James Sproule, Chief Economist at the Institute of Directors, said: “This is good news f... Continue to article

  • 10:00 George Osborne: UK must remain vigilant to ensure inflation is low for right reasons On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Pooled Clip, BBC News Video George Osborne MP

    George Osborne stressed the important of remaining "vigilant" to ensure that "we have low inflation for the right reasons". "Today we have welcome news that inflation is at its lowest level in modern times, we have family budgets going f... Continue to article

  • = Key Development Friday 9th January
  • 13:07 Independent: Government gives £100m to MI5 and MI6 to thwart lone wolf terrorists News

    News | The Independent source icon

    The security services will be given all the resources they need to combat the terror threat, Chancellor George Osborne pledged today. Continue to article

  • 12:33 Treasury: Prime Minister and Chancellor welcome creation of 2,000 jobs at Hut Group Press Release

    12:33| Press Release

    Treasury press release Chancellor of the Exchequer George Osborne and Prime Minister David Cameron today visited The Hut Group’s (THG) distribution site in Appleton, Warrington to welcome the company’s announcement to create 2,000 new jo... Continue to article

  • 09:04 George Osborne: Security services will get all they need to protect UK from terrorism On air

    On Air | George Osborne MP | Chancellor of the Exchequer | BBC Breakfast Video George Osborne MP

    George Osborne promised that the security services would get “all the resources and all the legislation” necessary to prevent a terrorist attack in the UK. “We have got to be vigilant, we have got to have the resources there and my commi... Continue to article

  • = Key Development Thursday 8th January
  • 17:31 Story (10 links): PM and Chancellor target 'Northern powerhouse'

    PoliticsHome PM and Chancellor target 'Northern powerhouse' Story View links

    The Prime Minister and Chancellor are visiting businesses in Manchester today to flesh out their plans to create an 'economic powerhouse' in the North.

    Unveiling a "six-point long-term economic plan" for the North West, David Cameron said he wanted to see Britain emulate the United States' geographical spread of "major centres of industry", rather than relying on the success of London.

    “When it comes to the next generation – to Britain’s long-term future – few things are more important than rebalancing our economy," he said.

    "We can only have a strong British economy if no part of the country is left behind. In the USA they’ve got major centres of industry not just in New York but in Los Angeles, Chicago, Houston, and Atlanta. That is what we should aspire to in the UK, economic might not just held in one city but spread right across our country."

    George Osborne meanwhile insisted it was "within our power" to overcome the "gap" between the economic performance of the North of England and London and the South.

    The Chancellor said: "The economy of the North West is growing, creating jobs, and doing so more quickly than other parts of the country.

    "That has not, frankly, been the case over much of the last thirty or forty years, as our economy has become more unbalanced, and the gap between the economic performances of the north of England lagged behind that of London and the South.

    "Our message today is that is not inevitable, it is not something we should accept; it is instead something we have in our power to overcome."

    As part of the six-point plan, the pair pledged to raise the long-term growth rate of the North-West to "at least" match that forecast for the UK as a whole. Mr Osborne also revealed he had appointed Highways Agency chief Colin Matthews to look at improving Trans-Pennine roads as part of a bid to improve the region's infrastructure.

  • 12:44 David Cameron: Charlie Hebdo killings a 'challenge to our values' PoliticsHome News

    David Cameron: Charlie Hebdo killings a 'challenge to our values' PoliticsHome News David Cameron: Charlie Hebdo killings a 'challenge to our values'

    The massacre at the Paris office of a satirical magazine represents "a challenge to our values", David Cameron has said. Twelve people were murdered in the attack on the Charlie Hebdo magazine yesterday, and the Prime Minister this morni... Continue to article

  • 12:35 Source:Long term economic plan for the north-west set out by Prime Minister and Chancellor News

    Source | Gov.UK source icon

    Continue to article

  • 11:39 Hague and Eagle clash on education spending House of Commons

    Hague and Eagle clash on education spending House of Commons

    William Hague evaded questions in the Commons today on the level of cuts that a future Conservative government would impose on the education budget. Earlier this week the Leader of the House was pictured carrying briefing papers that rep... Continue to article

  • 07:23 Story (3 links): Boris speaks out against May's graduate plans

    PoliticsHome Boris speaks out against May's graduate plans Story View links

    Boris Johnson has become the latest senior Conservative to state his opposition to Theresa May’s plan to require international students to leave the UK immediately after graduating. The Mayor of London said foreign students played an “indispensable” role in the economy and were central to leading industries around the world. George Osborne has reportedly blocked the proposal's inclusion in the Tory manifesto. The Prime Minister’s spokesperson said yesterday that the Government already had the “right approach” of letting graduates stay if they had a job offer.

  • 07:00 Baroness Valentine: London must not get carried away by ‘tide of optimism’ News

    Opinion | London First source icon

    Continue to article

  • 00:01 Number 10: Prime Minister and Chancellor set out long-term economic plan for the North West Press Release

    00:01| Press Release

    Number 10 press release The Prime Minister and the Chancellor will be speaking to business leaders in Manchester today before visiting businesses across the North West to talk about how the region can reach its potential as a driving forc... Continue to article

  • = Key Development Monday 5th January
  • 12:25 Osborne leads Tory attack on Labour spending plans PoliticsHome News

    Osborne leads Tory attack on Labour spending plans PoliticsHome News Osborne leads Tory attack on Labour spending plans

    Conservative Cabinet ministers have rounded on Labour's economic plans, accusing the party of making unfunded spending promises. A group of Tory ministers, led by Chancellor George Osborne, unveiled Treasury analysis that they claim show... Continue to article

  • 08:08 In Brief Events

    08:08 | Events | PoliticsHome Events

    Leader of the Opposition Ed Miliband launches Labour's election campaign with a speech in Manchester Chancellor George Osborne publishes research on the Labour Party's spending plans Scottish First Minister Nicola Sturgeon launches th... Continue to article

  • = Key Development Friday 2nd January
  • 12:31 George Osborne: Voters face a choice between competence and chaos On air

    On Air | George Osborne MP | Chancellor of the Exchequer | BBC News Video George Osborne MP

    George Osborne hit back at Labour after the Shadow Chancellor Ed Balls accused him of planning unnecessary cuts to public spending. “At the beginning of this election year we have had confirmation from Ed Balls and Ed Miliband that they ... Continue to article

  • = Key Development Monday 22nd December
  • 07:00 Kevin Maguire: George Osborne again? No thank you - he's a disaster as Chancellor News

    Opinion | Daily Mirror source icon

    George Osborne might believe the rubbish he spouts but he's nothing more than a failure Continue to article

  • = Key Development Friday 19th December
  • 11:13 Story (4 links): Borrowing figures lower than expected

    PoliticsHome Borrowing figures lower than expected Story View links

    UK borrowing was lower than expected in November, official statistics have shown.

    Borrowing was put at £14.1bn last month, which was £1.6bn lower than the same month in 2013, and £15bn less that was predicted.

    This was put down to a £1.1bn from bank fines, according to the ONS. In total this year, borrowing has totalled £75.8bn, £500m less than at the same point in November 2013.

    In this month’s Autumn Statement, Chancellor George Osborne said that he would not meet his borrowing targets.  

    A spokeswoman for the Treasury said: “It is encouraging that today’s figures show borrowing for the month is lower than last year, due to stronger receipts.

    “However the effects of the great recession are still being felt in our economy and the public finances. That’s why we will continue working through the plan that is building a resilient British economy.”

  • 10:34 Labour: Public sector finance figures show George Osborne is failing on the deficit - Chris Leslie Press Release

    10:34| Press Release

    A press release from Labour: Chris Leslie MP, Labour's Shadow Chief Secretary to the Treasury, responding to today's public sector finance figures, said: "These figures show that George Osborne is failing on the deficit. He will break ... Continue to article

  • = Key Development Thursday 18th December
  • 07:00 Seumas Milne: Deficit mania and balanced budgets are a political fraud News

    Opinion | The Guardian source icon

    George Osborne’s cuts-without-end plan has backfired, but the political class is in thrall to economic nonsense Continue to article

  • = Key Development Wednesday 17th December
  • 21:04 Seumas Milne blog: Deficit mania and balanced budgets are a political fraud News

    Blog | Comment is Free source icon

    George Osborne’s cuts-without-end plan has backfired, but the political class is in thrall to economic nonsense Continue to article

  • 17:41 Osborne grilled on claim to have halved £1.7bn EU bill PoliticsHome News

    Osborne grilled on claim to have halved £1.7bn EU bill PoliticsHome News Osborne grilled on claim to have halved £1.7bn EU bill

    George Osborne has defended his claim to have slashed in half a demand for £1.7bn towards the European Union's budget. The call for the extra cash, which followed a review of member states' economic performance since 1995, was described... Continue to article

  • 15:44 Fallon slams Labour on 'out of control' £800m hole in defence budget PoliticsHome News

    Fallon slams Labour on 'out of control' £800m hole in defence budget PoliticsHome News

    The Coalition government inherited a defence budget that was “out of control” and a “shambles”, the Defence Secretary has said. During a meeting of the Defence Committee this afternoon, Michael Fallon told MPs that ministers found projec... Continue to article

  • 14:52 Osborne announces Lloyds sell-off and Budget date PoliticsHome News

    Osborne announces Lloyds sell-off and Budget date PoliticsHome News Osborne announces Lloyds sell-off and Budget date

    Chancellor George Osborne has announced that the Government is to sell more of its shares in Lloyds Banking Group. The UK currently owns a 25% stake in the bank following the financial crisis, and Mr Osborne told MPs on the Treasury Comm... Continue to article

  • 14:49 HMT: Chancellor announces plan to sell more of the government's shareholding in Lloyds Banking Group Press Release

    14:49| Press Release

    A press release from the Treasury: Chancellor announces plan to sell more of the government's shareholding in Lloyds Banking Group The Chancellor has today set out the next stage in the government's plan to return Lloyds Banking Group ... Continue to article

  • 10:33 George Osborne: New employment stats represent a major moment in the British economic recovery On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Sky News Video George Osborne MP

    George Osborne welcomed new figures showing that both employment and wages have risen over the past year. “This is major moment in the British economic recovery and it shows we have got to go on working through our long-term economic pla... Continue to article

  • = Key Development Tuesday 16th December
  • 16:20 George Osborne: Inflation figures are good Christmas news, economic plan is working On air

    On Air | George Osborne MP | Chancellor of the Exchequer | Sky News Video George Osborne MP

    George Osborne said the inflation figures today were proof that the long-term economic plan was working. “It’s good news as Christmas approaches that we have inflation at its lowest level for 12 years. And we’ve got low inflation, we’ve ... Continue to article

  • = Key Development Monday 15th December
  • 15:25 Updated Charter for Budget Responsibility Press Release

    15:25| Press Release

    The Chancellor of the Exchequer, George Osborne, and Chief Secretary to the Treasury, Danny Alexander have published and laid before Parliament an updated Charter for Budget Responsibility. The Charter for Budget Responsibility sets out... Continue to article

Stories involving George Osborne

PM and Chancellor target 'Northern powerhouse'

The Prime Minister and Chancellor are visiting businesses in Manchester today to flesh out their plans to create an 'economic powerhouse' in the North.

Unveiling a "six-point long-term economic plan" for the North West, David Cameron said he wanted to see Britain emulate the United States' geographical spread of "major centres of industry", rather than relying on the success of London.

“When it comes to the next generation – to Britain’s long-term future – few things are more important than rebalancing our economy," he said.

"We can only have a strong British economy if no part of the country is left behind. In the USA they’ve got major centres of industry not just in New York but in Los Angeles, Chicago, Houston, and Atlanta. That is what we should aspire to in the UK, economic might not just held in one city but spread right across our country."

George Osborne meanwhile insisted it was "within our power" to overcome the "gap" between the economic performance of the North of England and London and the South.

The Chancellor said: "The economy of the North West is growing, creating jobs, and doing so more quickly than other parts of the country.

"That has not, frankly, been the case over much of the last thirty or forty years, as our economy has become more unbalanced, and the gap between the economic performances of the north of England lagged behind that of London and the South.

"Our message today is that is not inevitable, it is not something we should accept; it is instead something we have in our power to overcome."

As part of the six-point plan, the pair pledged to raise the long-term growth rate of the North-West to "at least" match that forecast for the UK as a whole. Mr Osborne also revealed he had appointed Highways Agency chief Colin Matthews to look at improving Trans-Pennine roads as part of a bid to improve the region's infrastructure.


Borrowing figures lower than expected

UK borrowing was lower than expected in November, official statistics have shown.

Borrowing was put at £14.1bn last month, which was £1.6bn lower than the same month in 2013, and £15bn less that was predicted.

This was put down to a £1.1bn from bank fines, according to the ONS. In total this year, borrowing has totalled £75.8bn, £500m less than at the same point in November 2013.

In this month’s Autumn Statement, Chancellor George Osborne said that he would not meet his borrowing targets.  

A spokeswoman for the Treasury said: “It is encouraging that today’s figures show borrowing for the month is lower than last year, due to stronger receipts.

“However the effects of the great recession are still being felt in our economy and the public finances. That’s why we will continue working through the plan that is building a resilient British economy.”


House price rise tipped as stamp duty cut

George Osborne has rejected warnings that his overhaul of stamp duty could cause another housing boom.

The Office for Budget Responsibility predicted yesterday that average house prices would increase by 31.4% by 2020.

Housing experts have also warned that the new system of stamp duty, which came into effect at midnight, could cause base prices to rise on properties which can now be bought at lower tax rates. But the Chancellor denied he was risking a fresh housing bubble with the proposals.

He told the Today programme: “I don’t agree. I think you shouldn’t be using unfair, punitive taxes that are very badly-designed to achieve the goal of having a stable housing market.

“What you should be doing is making sure people can afford mortgages and giving you central bank, the Bank of England, the powers to turn off the tap slowly if they feel that a housing boom is developing –that is what I have done.”

Ed Balls told the same programme he would support the stamp duty changes, but said Labour would also go ahead with its mansion tax plan for an annual levy on high-value properties.

“I think people at the top with properties over £2m aren’t paying enough tax at the moment... they should be paying more," the Shadow Chancellor said.

He also labelled Mr Osborne's plans for post-election tax cuts a "fantasy".

"He is promising £7bn of unfunded, fantasy tax cuts and hoping that he is going to dupe the electorate," he argued. MPs will vote on the stamp duty plans - which came into force at midnight - later today.

Conservative MP Dominic Raab warned in today's Times that the new rates could become a “stealth tax” because of inflation.

John Cridland, director of business lobby group the CBI, this morning said the business community was pleased with the Autumn Statement, but urged Mr Osborne to consider "more imaginative" cuts to public spending.

"Most of what we’ve seen so far have been efficiency savings," he told Today. "If you’re going to make the cuts you’ve got to be far more lateral. If we can continue that, overall, the economy will move forward."


Insider Research

PoliticsHome Research

No 10: PM agrees with Pickles letter
Boris speaks out against May's graduate plans

Boris Johnson has become the latest senior Conservative to state his opposition to Theresa May’s plan to require international students to leave the UK immediately after graduating. The Mayor of London said foreign students played an “indispensable” role in the economy and were central to leading industries around the world. George Osborne has reportedly blocked the proposal's inclusion in the Tory manifesto. The Prime Minister’s spokesperson said yesterday that the Government already had the “right approach” of letting graduates stay if they had a job offer.


Osborne: FCA will learn from mistakes

George Osborne insisted that staff at the FCA will learn from their mistakes and improve, following a highly critical report on the way that the regulator leaked sensitive information to the media.

The independent report - conducted by Simon Davies of Clifford Chance - said that the FCA’s strategy was “high-risk, poorly supervised and inadequately controlled”. Four top executives are to lose their bonuses as a result of leaks to newspapers that wiped billions off the share prices of insurance firms.

“A strong organisation learns from its mistakes and improves as a result,” the Chancellor said. “I’m confident that the FCA will do the same.”

Chairman of the Treasury Committee Andrew Tyrie said that the errors “went all the way to the top”. He accused the FCA of “pursuing the wrong strategy in the wrong way” and that some of the errors made in reporting investigations over pensions policies were “shocking”.

“The FCA has fallen well below the standards it requires of the firms it regulates,” Mr Tyrie continued. “The Committee will… examine whether they reveal something amiss with the standards and culture of the FCA.”


£200m science hub for the north

George Osborne is to announce a £200m science institute in Manchester as part of his plans to create a ‘northern powerhouse’ to rival London, The Times reports.

The centre will have branch hubs in Sheffield, Leeds and Liverpool.


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