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The Chancellor, George Osborne, is expected to outline the government's plans for the future of Lloyds and RBS during his speech at the Mansion House. Continue to article
Prime minister David Cameron meets King Abdullah II of Jordan at Downing Street Chancellor George Osborne delivers his annual Mansion House speech where he is expected to indicate the government will sell their 40 per cent stake in Lloyd... Continue to article
WORDS BY PAUL WAUGH, PICTURES BY PAUL HEARTFIELD Liam Byrne hands over a plate of buttery shortbread cake, beaming with pride. “You’re going to have to shove some down you, you know. It’s totally delicious.” The home-made Breton gateau i... Continue to article
Lord Strathclyde said the Government was making a mistake in adding more guidance to HMRC tax procedures. “Almost more importantly than that, George Osborne has had a policy since 2010 of trying to reduce taxations for corporations. Fro... Continue to article
Economic Secretary to the Treasury Sajid Javid insisted the Government had "no fixed timetable" for returning RBS to the private sector. Responding to the suggestion from his Labour counterpart Chris Leslie that the Chancellor, George Os... Continue to article
Lord Myners claimed Treasury interference had made Stephen Hester’s position at RBS untenable. “I think the pressure the Government, the Treasury, were imposing on the board of RBS made Stephen Hester’s position close to impossible. He’s... Continue to article
George Osborne said RBS was moving into a "new phase". "We want to get British taxpayers’ money back. We’ve been through the rescue phase and now we’re moving into the new phase. Stephen Hester has done a very good rescue job, and now we... Continue to article
CON 31 (nc); LAB 35 (+1); LIB DEM 10 (nc); UKIP 12 (-1) The June Ipsos MORI Political Monitor shows mixed news on the relative economic credibility of the parties following last week’s speeches by Ed Miliband and Ed Balls. ... Continue to article
Ed Balls said spending on the state pension would be included in Labour’s proposed welfare spending cap. “We have said last week that we certainly think it should exclude the welfare spending which depends upon the ups and downs of the e... Continue to article
Dear Ed, You said in April last year that ‘tax avoidance is a terrible thing’. In relation to the tax affairs of Google, you said last month that there is a ‘culture of irresponsibility’. You went further still and pointed to the consequ... Continue to article
George Osborne and Danny Alexander this morning warned cabinet colleagues who have yet to agree their Spending Review settlement that they do not have long to come to a settlement. No 10 have said. "What this was was an opportunity for t... Continue to article
10 Downing St press release The Prime Minister's task force on tackling extremism and radicalisation met for an initial meeting today. Ministers attending were: David Cameron, Prime Minister (chair) Nick Clegg, Deputy Prime Minister Georg... Continue to article
Ed Balls said Labour would need to set out more spending cuts in the run-up to the 2015 election, after announcing today that he would scrap universal winter fuel payments. “To safeguard this for 95% of pensioners on middle and lower inc... Continue to article
Speech b Ed Balls, Labour’s shadow chancellor, at Thomson Reuters INTRODUCTION Three years into this coalition government, and three weeks before the Chancellor completes his much-trailed Spending Review for 2015/16, it makes sens... Continue to article
Chris Leslie said Ed Balls' pledge to scrap universal the Winter Fuel Allowance was an example of the tough decisions Labour would have to take in government. "Don’t forget George Osborne’s going to be announcing a Spending Review at the... Continue to article
George Osborne has yet to reach agreement on cuts to the budgets of the Government’s biggest spending departments – with an £8 billion black hole in the Government’s plans still remaining. Continue to article
George Osborne claimed he was making good progress in agreeing cuts with Whitehall departments. "We’re now about 20% of the way there with a month to go. I don’t think any Chancellor in history has made this much progress with still... Continue to article
Labour party press release Ed Balls MP, Labour's Shadow Chancellor, responding to the IMF's report on the UK economy, said: "Behind the diplomatic language this is the call for action on jobs and growth that the IMF has been threatenin... Continue to article
George Osborne has insisted he will not change course on the Government’s deficit reduction plans, despite an IMF report warning that austerity would be a “drag on growth” in the short-term. At the launch of the IMF’s annual health check... Continue to article
David Cameron has raised the idea he could quit coalition before 2015 for the first time in public. Speaking exclusively to Total Politics magazine, the Prime Minister said he would be ready to face “new circumstances” should the Conserv... Continue to article
On April 21 seven of Parliament’s hardiest souls lined up in Greenwich Park to take on 26.2 miles of road-pounding pain. Thankfully all of them survived to tell The House their London Marathon highlights. The intrepid (or foolhardy) p... Continue to article
George Osborne said James Wharton would have the “full support” of the Conservative leadership when trying to pilot a private members’ bill legislating for an In/Out EU referendum through Parliament. “It’s great news that James Wharton h... Continue to article
Ed Balls was in punchy form in the Commons this afternoon as he laid into the Conservatives' lack of action to stimulate growth in the Queen’s Speech and the ongoing row over the EU. Amid accusations of a “complete shambles”, Balls seize...
The Government has presided over a “complete and utter shambles” since last week’s Queen’s Speech, the Shadow Chancellor has said. After a week dominated by Conservative turmoil over the European Union, Ed Balls moved an amendment regret... Continue to article
Ed Miliband MP, leader of the Labour Party, in a speech to the Progress annual conference 2013, said: Thank you for that kind reception. But it is great to be here at Progress. For nearly 20 years Progress has been an important forum for... Continue to article
Finance ministers from the G7 group of nations have agreed to take collective action on tax evasion and avoidance, George Osborne has said. Speaking after the meeting in Aylesbury, the Chancellor said he was "very clear" that all j... Continue to article
Chancellor of the Empire…sorry of the Exchequer George Osborne has today hailed the decision to shoot the new Star Wars film in Britain. Just confirmed: the next Star Wars film will be made in UK. Great news for our creative industries....
George Osborne said Britain's system of financial regulation was robust enough to deal with concerns at the Co-operative Bank and elsewhere. “The Co-op have put out a statement last night about how they’re going to strengthen their capit... Continue to article
George Osborne's immediate priorities shouldn't distract Labour, which instead must focus on how it plans to cut the deficit Continue to article
Prime minister David Cameron travels to Moscow to hold talks on Syria Chancellor George Osborne and Bank of England governor Sir Mervyn King host a meeting of the G7 finance ministers in Buckinghamshire Transport secretary Patrick Mc... Continue to article
Public and Commerical Services union press release Education secretary Michael Gove's civil servants will walk out on strike this afternoon (1) in opposition to the closure of half of his department's offices, the Public and Commercial S... Continue to article
The credibility of George Osborne’s £310bn plan to boost economic growth by building roads, railways, airports and power stations is thrown into doubt today by MPs. Continue to article
David Cameron’s "red line diplomacy" on Syria has been criticised by Sir Menzies Campbell. The Prime Minister said today that there was “limited” evidence that chemical weapons might have been used, and echoed Barack Obama’s comments tha... Continue to article
* Economic growth (GDP) * Economics * US economy * Services sector * George Osborne * Economic policy * Germany * Europe Larry Elliott guardian.co.uk © 2013 Guardian News and Media Limited or its affi... Continue to article
The chancellor, George Osborne, says Thursday's GDP figures indicate the UK economy is recovering Continue to article
George Osborne said the Government was "making progress" on economic recovery despite the "difficult situation" in the global economy. "The phrase I use is ‘an encouraging sign’ that we’re making progress and the economy is healing... Continue to article
If ever George Osborne wanted an excuse to embrace Plan B this is the moment. Continue to article
Labour party press release Chuka Umunna MP, Labour's Shadow Business Secretary, commenting ahead of the House of Lords debate on the Government's 'shares for rights' scheme, said: "The Tory-led Government's economic plan has comp... Continue to article
George Osborne should abandon the tribal morality of austerity and, like Japan, print money not for banks but for people Continue to article
George Osborne said the remaining United Kingdom would probably not want to be part of a common currency area with an independent Scotland. “It’d be a real issue. Would we want to tie ourselves in a currency zone with a foreign governmen... Continue to article
Warning. The following post contains praise of George Osborne. Those of a sensitive disposition should look away now. Of course, praising Osborne as a master strategist was once a fairly mainstream jo... Continue to article
Scottish National Party press release Commenting on the publication of the UK’s debt figures this morning, SNP Treasury Spokesperson Stewart Hosie MP said that the Chancellor’s credibility was in tatters. Last year the OBR predicted... Continue to article
George Osborne said the Government was getting the deficit down through taking “difficult decisions”. “The deficit is down by a third since the Government came to office and that’s because we’re taking the difficult decisions necessary t... Continue to article
HM Treasury press release The Government has today published analysis of the currency options for an independent Scotland. Chancellor of the Exchequer, George Osborne, and Chief Secretary to the Treasury, Danny Alexander, will be in G... Continue to article
Alex Salmond said George Osborne needed to grow up on the issue of Scottish independence.. "£40bn protection for the UK balance of payments he sees as a problem – most people see it as an asset. I’ve not seen any UK Chancellor for the la... Continue to article
Treasury press release The Government has today published analysis of the currency options for an independent Scotland. Chancellor of the Exchequer, George Osborne, and Chief Secretary to the Treasury, Danny Alexander, will be in Glas... Continue to article
The rest of the United Kingdom is “unlikely” to want to enter into a currency union with an independent Scotland, George Osborne said this morning. Speaking in Glasgow, the Chancellor warned of "significant economic risks" to the rest of t... Continue to article
George Osborne said the rest of the UK was “unlikely” to want to enter into a currency union with an independent Scotland. “It’s of course a decision for two governments – it wouldn’t just be the Scottish government, the newly-independen... Continue to article
Danny Alexander said rejecting independence and keeping the pound was “by far the best option” for Scotland’s economy. “What we conclude is that the current arrangements, where we’ve got the pound within one United Kingdom, it’s been a s... Continue to article
George Osborne will announce an expansion of the Bank of England's £80bn funding for lending scheme ahead of a visit to Britain by the International Monetary Fund next month, the Guardian reports. Continue to article
Alistair Darling said Labour should concentrate its fire on the Government rather than seeking to come up with alternatives now. "Firstly, I don’t think my colleagues responsible for the Labour party policy need to take a position till t... Continue to article
George Osborne has announced the creation of a new Office for Unconventional Gas after an independent science panel gave the go ahead for the controversial fracking process, albeit under a tight safety regime. The Chancellor's ‘dash for gas’ has been criticised by environments who fear Britain will not be able to meet carbon reduction targets.
The eurozone crisis, the US fiscal situation and a slowdown in emerging markets could usher in another global recession, George Osborne has warned a conference in Tokyo.
The warning comes as the IMF and eurozone reach a deadlock on how much of Greece's debt should be written down, with the IMF arguing £24bn writedowns will be necessary to solve the crisis.
Vince Cable has indicated improving access to finance for businesses will be a key part of the Government’s new industrial strategy which he will set out in more detail tomorrow.
Speaking in the House of Commons after Labour was granted an Urgent Question, the Business Secretary confirmed the Government was “actively looking” at the possibility of setting up a business bank to improve access to finance.
Other key areas he highlighted were dealing with problems sector-by-sector, improving technology, better skills for workers, and changing public sector procurement.
Dr Cable’s Labour counterpart Chuka Umunna was given the opportunity to scrutinise the plans ahead of the Business Secretary's announcement tomorrow.
Earlier today, the Business Department unveiled plans to exempt thousands of small businesses from health and safety regulations. At least 3,000 regulations, which some businesses have complained are holding them back, are to be removed.
Dr Cable promised the Government would now be "holding departments' feet to the fire to ensure all unnecessary red tape is cut".
George Osborne is putting pressure on David Cameron to drop some of the Coalition's green policies, including building more onshore wind-turbines, his father in law has claimed in an undercover video. A Greenpeace activist posing as an anti-windfarm lobbyist filmed Lord Howell and Tory MP Peter Lilley saying that Osborne used the recent ministerial reshuffle to "get people into key positions who could begin to get the Government off the hook from the commitments it made very foolishly".
The Government will take “further action” to ensure the rich contribute more towards paying down the UK’s deficit, the Prime Minister and Chancellor have signalled.
In an interview this morning, David Cameron echoed George Osborne’s insistence that the Coalition would not implement a ‘mansion tax’ or other form of wealth taxes.
He also played down the likelihood of changing the top rate of tax again, but he told the Andrew Marr Show: “We will make sure that the rich will pay their fair share, that the burden is evenly shared.”
Speaking to Sky News today, Mr Osborne ruled out a mansion tax and annual wealth levy but warned the rich will have to make an 'additional contribution' in coming Budgets.
“I don’t think either of those ideas are the right ones... we’re not going to have a new mansion tax, nor do I think it’s sensible to have a wealth tax."
Mr Cameron also confirmed the Conservatives would be looking at cutting the welfare budget further – something that Nick Clegg said he would only allow if there were corresponding measures to increase the contribution from the rich.
The Liberal Democrats are also likely to have been ruffled by Mr Osborne’s comments to the Mail on Sunday that the demands for a mansion tax were based on "the politics of resentment".
Basic questions about an independent Scotland's monetary policy and currency system are yet to be answered by the SNP, George Osborne has said.
Addressing the Confederation of British Industry's Scottish wing last night, the Chancellor said if Alex Salmond "can't answer basic questions about Scotland's currency, then I think the Scottish people are entitled to ask some basic questions about the path he's leading Scotland down."
Meanwhile, a deal on the rules of the independence referendum is close to being agreed, after Scotland Office Minister David Mundell and the SNP's Nicola Sturgeon said they have held "positive" discussions over the arrangements for the vote.
18/06/2013 on Breakfast, BBC One
13/06/2013 on Daily Politics, BBC Two
12/06/2013 on Newsnight, BBC Two
12/06/2013 on BBC News
12/06/2013 on Ipsos MORI
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