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Debt

Hold on to your hats. It's Boris vs George. (Image: MATT DUNHAM/AFP/Getty Images)

Team Boris vs Team Osborne — the first skirmish

6 August 2014 12:58

Today was set to be a boring day in Westminster. Sajid Javid, a courtier to George Osborne, was billed to give (yet another) speech about how the economy is going… Continue reading

27 Comments
The Changing Face Of The UK High Street

Britain’s banks fail the poor

28 July 2014 11:36

Britain’s banks aren’t working for the poor. We, the better off, might moan when our internet banking crashes or in-branch mortgage advisers can’t meet us on Saturday mornings; but these… Continue reading

25 Comments
Image: Getty

Interest rates are poised to rise – which means we’ll find out how much of the recovery is real

13 June 2014 16:10

Mark Carney’s hefty hint that interest rates could rise sooner than markets anticipate is politically awkward but important, as until they do so, we shall have very little idea of… Continue reading

35 Comments
Alistair Darling Poses Before Leaving To Give His First Budget Speech

Tax Freedom Day is a reminder of the choice in 2015: high tax Labour, low tax Conservatives

28 May 2014 14:02

Tax Freedom Day, which falls today, is cause for celebration. It marks the point in the calendar when someone’s income stops paying for their tax bill and they start keeping… Continue reading

53 Comments
Ed Miliband's Speech On Reforming Labour's Links With Unions

No wonder the Labour Party is broke

19 May 2014 15:11

“We need to raise £66,000 to make…122,000 calls to Labour voters,” says a super-localised campaign email from the Labour Party. Apparently a donation of £5 will pay for ten phone… Continue reading

2 Comments
David Cameron

David Cameron’s moral mission on public spending

4 March 2014 8:57

David Cameron’s speech on the economy today is designed to hit Labour on its weak spot again: reminding voters that while this government is trying (with varying levels of success)… Continue reading

22 Comments
George Osborne on his way to give the 2013 Autumn Statement this morning. Photo: Getty Images.

Fisking George Osborne’s ‘hard truths’ speech

6 January 2014 18:37

Today, George Osborne used a speech to administer what he called ‘hard truths’ about the economy. But in some cases, the truth was even harder than he let on. Here is a Fisk… Continue reading

92 Comments
The Osborne Austerity

Osborne increases debt more than Labour did over 13 years

21 November 2013 13:27

The national debt figures are out – £1.2 trillion and rising – and although I hate to say it, the Labour Party has a valid point to make. If you… Continue reading

155 Comments
Our brilliant cover illustration by Peter Brookes.

Ken Livingstone slams Labour’s ‘moral cowardice’

15 November 2013 13:47

Ken Livingstone has risen once again from his political grave to criticise Labour’s ‘moral cowardice’ for borrowing through the boom rather than take difficult decisions with the public finances. listen to… Continue reading

130 Comments
Image: Getty

The economy is booming, says the Bank of England. So why won’t it raise rates?

13 November 2013 12:13

Yet another survey suggests that Britain is booming – this time, it’s from the Bank of England’s Monetary Policy Committee. They’re the guys who kept interest rates too low for… Continue reading

77 Comments
A view of Osborne's public finances, taken from outer space

George Osborne is the king of ‘black holes’. So why does he attack Labour?

22 September 2013 0:03

‘Labour plans have a £27 billion black hole,’ says the Sunday Times, quoting  analysis from George Osborne’s Treasury.  If true, that’s the first piece of good economic news we’ll have… Continue reading

84 Comments
Gov

What GOV.UK doesn’t want you to know

26 July 2013 14:53

At last. They’ve done it. The government has unified every snippet of data about itself on a single website. GOV.UK is bland-looking and easy to navigate. The home page tells surfers… Continue reading

21 Comments
The-Osborne-Austerity1

Borrowing figures and what really keeps politicians awake at night

21 June 2013 17:32

There was a moment in the last Budget statement where George Osborne revealed that the deficit was – just – lower in the year to April 2012 than the previous… Continue reading

27 Comments
Money

Dominic Raab reveals Britain’s true debt burden

14 May 2013 16:21

With the Conservative Party continuing to bang on relentlessly about Europe, Boris Johnson issued a timely reminder yesterday that ‘most of our problems are not caused by “Bwussels”’. (Something that… Continue reading

120 Comments
Ed Miliband is trying to work out whether he can really sell the distinction between good and bad borrowing to voters. Picture: Getty

Labour is being forced to talk about ‘good borrowing’ before it is ready

1 May 2013 9:02

It’s not a case of will they, won’t they when it comes to whether Labour would borrow more, but will they admit it and try to sell this plan to… Continue reading

94 Comments
Despite what Gordon Brown wants us to think, more spending does not equal better results. Picture: Ben Stansall/PA Wire

The report the Department for Education does NOT want you to read

26 April 2013 11:03

One of the better policies of this government is its offering massive databases up for public scrutiny. Sunlight is the best disinfectant, argues David Cameron, and outsiders can scrutinise what… Continue reading

61 Comments
Steph McGovern presenting BBC Breakfast

Why the confusion between debt and deficit?

20 March 2013 10:15

Polls show that, depending on how you ask the question, just between 8pc and 12pc of us realize that debt is rising. It’s not hard to work out why: first,… Continue reading

35 Comments
Image: Getty

An independent rap across the knuckles for the Prime Minister

8 March 2013 17:54

Today’s letter from the Office of Budget Responsibility pointing out to David Cameron that the OBR’s growth forecasts have taken into account the effect of austerity on growth is embarrassing… Continue reading

81 Comments
Graphic: Carla Millar

Deficit latest: Still £5 billion higher than last year

21 February 2013 12:51

Today’s borrowing figures show that the government had a surplus of £11.4 billion in January. But before we get too excited, a bit of context is in order. There’s (almost)… Continue reading

47 Comments
Debt 2000-2018

David Cameron rebuked for telling porkies about the national debt

1 February 2013 14:16

Where was Andrew Dilnot in the Gordon Brown era? The head of the UK Statistics Authority has just rebuked the Prime Minister for telling porkies about debt on his ITV… Continue reading

60 Comments
Ed Miliband at Prime Minister's Questions today.

PMQs: Ed Miliband argues Labour would borrow for success

30 January 2013 13:46

‘We’d borrow more, but we’d use it better.’ That was the message Ed Miliband found himself trying to get across when attacking David Cameron at PMQs today. He accused the… Continue reading

72 Comments
Image: Carla Millar

After party political porky pies, Number 10 admits debt is rising

24 January 2013 12:52

Finally: Number 10 admits that far from ‘dealing with debt’, the government is seeing it rise. This morning the Prime Minister’s spokesman was grilled on the party political broadcast that… Continue reading

73 Comments
The Prime Minister, marking Orwell week with a bit of fiscal doublespeak

David Cameron tells porkies about Britain’s national debt

23 January 2013 20:26

And then David Cameron has to go and spoil it all by telling porkies about what his government is doing to our national debt. The party election broadcast the Conservatives… Continue reading

142 Comments
The Osborne austerity has meant core spending cut by just 3pc over 3 years. Debt is soaring - and voters who wanted him to fix all this will be deeply unimpressed in 2015.

Austerity latest: spending up, deficit up.

22 January 2013 12:47

We can all overdo it a little at Christmas, but the government’s monthly overdraft statement — which came in this morning — is of a different order. In December, HM… Continue reading

62 Comments
Picture: Getty Images

The Autumn Statement in 7 graphs

6 December 2012 18:18

1. Growth evaporating. The Office for Budget Responsibility once again downgraded its growth forecasts for 2012-13 and, for the first time, also did so for 2014-16. Despite that, the OBR… Continue reading

25 Comments