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Treasury

Chancellor of the Exchequer George Osborne Visit Lloyds TSB Bank

Today’s borrowing figures are bad for the Tories, but they’re not good for Labour either

21 February 2014 17:59

Today’s borrowing figures are, on the surface, not good for the Tories. The surplus on the public finances in January 2014 was lower than for the same month in 2013,… Continue reading

92 Comments
Image: Getty

What is Alex Salmond’s plan for the currency now?

14 February 2014 13:05

Alex Salmond is now a man without a plan. He is offering Scots a future of uncertainty and instability. Threats of a debt default leaving Scotland and Scots with a… Continue reading

373 Comments
Chancellor George Osborne Speech On EU Reform

George Osborne’s speech on whether Scotland could keep the pound – full text

13 February 2014 12:28

In a speech in Edinburgh today, the Chancellor launched an attack on the ‘yes’ campaign’s intention to keep the pound as the currency of an independent Scotland. Here’s what he… Continue reading

62 Comments
Image: Getty

Today’s GDP figures are useful ammunition for the Conservatives

28 January 2014 11:16

That the UK economy grew by 0.7 per cent in the final three months of 2013, leading to the fastest growth annually since the financial crisis, is obviously very good… Continue reading

53 Comments
Screen Shot 2014-01-24 at 10.49.03

Explaining the IDS vs Osborne split on welfare

24 January 2014 11:29

‘Do you know what they used to call us?’ asked Theresa May ten years ago. ‘The nasty party.’ No one used that phrase, but ‘they’ had a point. The Conservatives… Continue reading

30 Comments
oso

The top level of government isn’t riddled with personal hatred – thanks to Osborne

23 January 2014 9:48

Now that the economic statistics are looking better, people are beginning to rediscover the once-fashionable thought that George Osborne is a great strategist. Things are coming together before the 2015… Continue reading

59 Comments
George Osborne Delivers His Autumn Statement On The Economy

How corporation tax cuts are helping wages

6 December 2013 17:07

Yesterday’s autumn statement included the results of the Treasury’s study of the dynamic impacts of the cuts to Corporation Tax, which George Osborne is down from 28 per cent to… Continue reading

30 Comments
An Alternative View Of The Labour Party Annual Conference

Ed Balls: OBR forecasts show cost of living will continue to haunt Tories

5 December 2013 17:07

Ed Balls has not had a good day. He has just given his post-autumn statement briefing, at which he argued that Labour had set the agenda for this statement with… Continue reading

107 Comments
Love is in the air at the Treasury as the nights draw in. (JUSTIN TALLIS/AFP/Getty Images)

Mr and Mrs Treasury

30 October 2013 15:01

Congratulations to Mr and Mrs Treasury. HMT has today announced the appointment of Sharon White, the current Director General over at Horseguards, as Second Permanent Secretary. Who she? Well, she’s… Continue reading

2 Comments
Cheryl Cole and Ashley Cole featured in a National Lottery advertising campaign in 2006.

Our rulers don’t seem to care that the National Lottery fleeces the poor

3 October 2013 15:12

Now the latest on the Politicians Keeping In Touch front. It’s funny how it’s the wives who take the brunt of the endeavour. It was Samantha Cameron yesterday who had to… Continue reading

27 Comments
Image: Getty

Treasury questions: George Osborne takes aim at Labour’s record in opposition

10 September 2013 14:22

Listen to Osborne and Balls’ exchange at Treasury questions here:- listen to ‘Osborne at Treasury Questions: 'We're enjoying this'’ on Audioboo ‘I hope this is not our last encounter across… Continue reading

16 Comments
Ed Balls in a quiet moment last week. Picture: Getty

Focusing on borrowing means mutually-assured humiliation for Labour and the Tories

25 June 2013 14:50

Strangely, both sides at Treasury questions today wanted to talk about something that does their own party no favours at all to mention. The Labour whips had sent their loyal… Continue reading

47 Comments
Osborne arriving at the IMF conference this morning. Image: Getty

The chancellor survived the IMF report, but there’s another challenge ahead

22 May 2013 16:12

George Osborne has got through the IMF’s report on the UK economy. It is far from a ringing endorsement of his approach but, as Isabel notes, its criticisms are couched… Continue reading

12 Comments
George Osborne

Two versions of Osborne’s benefits speech

2 April 2013 14:12

The Times’ Sam Coates picked up on a couple of discrepancies between the text of George Osborne’s Morrisons speech sent out by CCHQ, and the one published by the Treasury.… Continue reading

9 Comments
Two workers leave the downgrade factory.

Why Britain lost its AAA rating

22 February 2013 22:41

Even the pessimistic analysts had given Britain until September to lose its AAA rating. That it has happened now, before the Budget, shows just how fast things are moving. Moody’s… Continue reading

81 Comments
British Finance Minister George Osborne

Mr Micawber Goes to the Treasury

18 February 2013 12:52

John Rentoul draws attention to a new ComRes poll that goes some way towards explaining George Osborne’s predicament when it comes to managing government finances. Put simply, the public is… Continue reading

5 Comments
Mark Carney giving evidence to MPs today.

Mark Carney: I want a debate on inflation target

7 February 2013 15:22

If Mark Carney had any reservations about his move to Threadneedle Street later this year, he might now add to his list regular sessions with the Treasury Select Committee. His… Continue reading

9 Comments
George Osborne had stayed 'submerged' on the matter of bankers' bonuses. Picture: Getty

Prime Minister and Chancellor ‘stayed submerged’ on bankers’ bonuses

15 January 2013 17:21

The irrepressible Lord Oakeshott is making mischief again: he’s using Sir Mervyn King’s comments about Goldman Sachs bonuses today to attack David Cameron and George Osborne. He’s just told Coffee… Continue reading

33 Comments
Robert Chote (L) of the OBR.

We’ve shown forecasts are unreliable, jokes OBR chief

11 December 2012 13:34

‘We’ve done quite a good job at demonstrating the limitations of economic forecasting,’ half-joked Office for Budget Responsibility Chairman Robert Chote at the start of his Treasury Select Committee appearance… Continue reading

7 Comments
George Osborne's gate-keeper Poppy Mitchell-Rose is leaving the Treasury and moving to Washington, DC

Comings and goings at Number 11 Downing Street

16 November 2012 16:02

Few politicians have put as much thought in to the team around them as George Osborne. He is a collector of talented people. Unlike most Tories, he has gone outside… Continue reading

24 Comments
The Osborne Austerity

Will Osborne have the luck of the Irish with his 4G auction?

16 November 2012 13:10

Could George Osborne be in line for a genuine windfall? The Chancellor is getting quite good at conjuring fake ones (Post Office pensions, raiding £35 billion from the Bank of… Continue reading

21 Comments
George Osborne looks set to postpone the fuel duty rise once again in order to head off a Tory rebellion supported by Labour. Image: Getty

Briefing: Another fuel duty freeze?

12 November 2012 18:59

It looks like George Osborne will put the planned fuel duty rise on hold again, in order to avoid another Tory rebellion and potential government defeat in the Commons. This… Continue reading

21 Comments
Paul Burstow takes part in a race held by Age Concern outside Parliament. Picture: Press Association.

Burstow goes rogue to attack Treasury

21 September 2012 9:30

Hell hath no fury like a government minister sacked (as proven by our anonymous ‘Dumped by Dave’ piece this week). Another former minister, Paul Burstow, lost his job because Nick… Continue reading

2 Comments
The Treasury have been constantly surprised by how weak the downturn is, Roger Bootle argues. Picture: Getty.

Lib Dems play whac-a-mole on welfare cuts

18 September 2012 9:27

The Liberal Democrats are playing a game of whac-a-mole on welfare at the moment: each time they think they’ve blocked one cut they don’t like, another one pops up. Last… Continue reading

9 Comments
Sir Jeremy Heywood pulls the strings of Cameron's government. But can will he scuttle welfare reform?

Iain Duncan Smith versus Jeremy Heywood

16 September 2012 16:32

There’s war in Whitehall. The Sunday Times devotes its p2 lead (£) to the fact that Sir Jeremy Heywood, the Cabinet Secretary, is ‘sceptical’ of the Universal Credit, the key to Iain… Continue reading

33 Comments