Deficit

Image: Getty

Osborne’s welcome conversion to the advantages of a budget surplus

10 June 2015 15:01

There should always be celebration when a sinner repents, and so it’s great to see George Osborne’s belated conversion to the cause of budget surpluses. As the above graph shows,… Continue reading

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Ed Miliband is brought hot water to help shake off his illness

Is this the reason Miliband forgot to mention the deficit in his conference speech?

9 June 2015 18:35

Earlier this month Patrick Wintour wrote an in-depth profile of Ed Miliband’s failed election campaign for the Guardian. In it, he went through the different things which had gone wrong for… Continue reading

9 Comments
Labour leader Ed Miliband unveils Labour's pledges carved into a stone plinth in Hastings during General Election campaigning.

Ed Miliband: the stone ‘got people talking’ — and refuses to apologise for borrowing too much (again)

4 May 2015 9:43

Ed Miliband began the first 15 minutes of his NHS day talking about trust and the deficit. In a feisty interview on the Today programme, the Labour leader again did not apologise… Continue reading

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DP economy debate

Chris Leslie makes ‘no apology’ for Labour’s focus on the current budget deficit

22 April 2015 17:38

Senior Labour figures have looked uncomfortable during this campaign when speaking of their own party’s policy on balancing the books – the day-to-day spending books, that is. But this afternoon… Continue reading

38 Comments
Image: Getty

Exclusive: Where the next generation of MPs think the burden of cuts should fall

16 April 2015 16:16

What do the next generation of MPs think with regards to public services, government spending and taxes? Coffee House has got its hands on new research by Ipsos MORI on… Continue reading

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The set of tonight's opposition leaders debate. Photo: Ross Hawkins/BBC.

Campaign kick-off: 21 days to go

16 April 2015 10:00

Now that all the manifestos are in the public domain, we are back onto more conventional campaign territory. The big event of today is at 8pm this evening, when the… Continue reading

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Liberal Democrats Leader Nick Clegg Visits Scotland

Nick Clegg sets out red lines for coalition negotiations with Labour and the Tories

13 April 2015 20:59

Nick Clegg produced Lib Dem red lines for any coalition with either Labour or the Tories in an interview with Evan Davis this evening. Clegg said that he wouldn’t go… Continue reading

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Labour Leader Ed Miliband Gives A Speech On The Economy

Deficit? What deficit? Labour candidates ignore key issue

10 April 2015 16:06

Ed Miliband famously forgot to mention the deficit in his 2014 conference speech, but you would have thought that at least some prospective Labour MPs consider it to be a… Continue reading

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Chris Leslie confirms: Ed Miliband is planning more tax rises

5 April 2015 12:43

There’s something Ed Miliband isn’t telling us. He’d spend more, he says, and tackle the deficit. But how? Almost every tax rise he has announced is intended to raise cash… Continue reading

85 Comments
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Lucy Powell confirms: debt-addicted Labour has no plan to balance the books

29 March 2015 14:02

‘You aren’t listening to what I’m saying,’ said a rather rattled Lucy Powell, Labour’s election chief, whom the party put up for BBC Sunday Politics today. I suspect that, by now, she’ll… Continue reading

218 Comments
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Ukip backs Osborne’s deficit plans – but how would Farage cut spending?

27 February 2015 12:01

The Ukip spring conference is underway in Margate today, with the party starting the two days of speeches and fringes with a pledge that it will match the Tory plan… Continue reading

12 Comments
Nicola Sturgeon Delivers Anti-Austerity Speech At Universtiy College London

David Cameron is lucky he faces Ed Miliband, not Nicola Sturgeon

11 February 2015 19:03

In some respects David Cameron has been a lucky politician. Lucky that his predecessors had failed so completely that his initial brand of so-called modernisation seemed a punt worth taking.… Continue reading

518 Comments
Image: Getty

Labour’s latest plan: tackling the deficit through gun licence fees

13 January 2015 18:13

listen to ‘Chris Leslie says Labour will cut the deficit through gun licences’ on audioBoom Shadow Chief Secretary to the Treasury Chris Leslie was on the Daily Politics earlier today,… Continue reading

65 Comments
(Photo: Christopher Furlong/Getty)

The Tories need to ‘weaponise’ Ed Miliband’s incompetence

11 January 2015 10:40

Ed Miliband was on Andrew Marr’s sofa this morning, drawing 2015 battle lines. It all looked very encouraging – if you are a conservative, that is. Miliband started discussing the… Continue reading

101 Comments
The poster and the porkie

How Osborne’s ‘deficit halved’ claim backfired  

3 January 2015 9:25

So – how did it go? Yesterday, Tory HQ yesterday issued a poster with the misleading claim that the deficit had been ‘halved’ where in fact the reduction has been… Continue reading

143 Comments
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Why must Grant Shapps spoil a good story with a porkie?

29 December 2014 19:09

An email arrives from Grant Shapps, chairman of the Tory Party, listing the things the Coalition has achieved in four years.  Here they are:- Our economy has grown faster than… Continue reading

103 Comments
(Photo: Paul Hackett/Getty)

Is David Cameron telling porkies on the deficit? His spokesman explains

15 December 2014 17:26

As Fraser points out, David Cameron has gone from saying the deficit has been brought down by a third to claiming it has been halved, but with the often unspoken caveat… Continue reading

32 Comments
The Prime Minister Joins The Irish Taoiseach At Stormont For Cross Party Talks

Labour accuses Government of ‘U-turn’ on Budget charter

15 December 2014 14:42

The government has published its Charter on Budget Responsibility, which at one stage was supposed to be a Labour trap but which now appears to be something that Labour can… Continue reading

11 Comments
Image: Getty

Jeremy Vine and the truth about government spending

10 December 2014 15:57

Those who complain about the BBC (myself included) usually only refer to a small part of a massive and divergent operation. Nicky Campbell on Radio 5 is just superb – not… Continue reading

38 Comments
Nurses of Whipps Cross Hospital, in London, singing Christmas carols to a patient in December 1952 (Photo: Monty Fresco/Getty Images)

How do you solve a problem like the NHS? The Spectator asks the experts

30 October 2014 12:14

So ingrained is the NHS as part of British life that it’s hard to imagine it disappearing. But it can’t go on as it is: its budget is being squeezed… Continue reading

46 Comments
London, May 2011 (Photo: AFP)

How to defuse Britain’s £1.45 trillion public-debt time-bomb

29 October 2014 10:13

Last week’s public-finance statistics were truly dreadful. They showed that despite a year of fairly robust economic growth, UK government borrowing since the start of the financial year 2014 to… Continue reading

99 Comments
(Photo: Getty)

‘Unfunded tax cuts’: a verbal disease from America

7 October 2014 19:54

The notion of ‘unfunded tax cuts’ seems set to be a central theme in next year’s election. David Cameron’s promise last week to raise the income threshold for the 40 per cent tax rate has… Continue reading

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Danny Alexander's call for the abolition of higher-rate relief on pension contributions has received the backing of the Centre for Policy Studies. Picture: Getty

Danny Alexander indicates that the Lib Dems wants £5 billion in tax rises

6 October 2014 20:37

In a sign of his enhanced status in the party, Danny Alexander has been one of the main attractions on the conference fringe this year. This evening, it was standing… Continue reading

90 Comments
Image: LEON NEAL/AFP/Getty Images

The deficit and immigration: were there two worse topics for Ed Miliband to forget?

23 September 2014 22:35

No notes speech have been Ed Miliband’s political party trick. His One Nation speech two years ago ended speculation about his leadership and last year’s energy price freeze effort knocked… Continue reading

129 Comments
Consumers Feel The Pinch With Christmas Around The Corner

Government borrowing is up – the economic picture isn’t as rosy as the Tories say

20 June 2014 12:35

It’s tempting given the optimistic mood on the Conservative benches at the moment to think that everything is just great with the economy. Not so, according to today’s borrowing figures… Continue reading

42 Comments