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Lloyds staff and shareholders were “mugged” by the decision to conceal £25.4bn in Bank of England loans to HBOS last autumn, an MP said today. Full Article at ic Liverpool
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Philip Scott, This is Money 18 November 2009, 3:34pm He will talk about what has been achieved since the previous Budget, give an update on the state of the economy, public finances and set out the direction of policy leading up to the Budget in the... Full Article at This Is Money
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Air travellers are to be hit by massive price increases from next week, with long haul holiday destinations being hardest hit. Air fare: The cost of flights will go up. Full Article at This Is Money
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Dan Atkinson, Financial Mail 18 October 2009 The Chancellor will urge the Group of 20 leading economies to crack down on jurisdictions that allow companies and individuals to evade scrutiny and supervision. Full Article at This Is Money
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Emily Keane, Daily Mail 25 September 2009 Tired of paying high taxes here - and never more so since Alistair Darling proposed the 50% tax band - they are buying property on the Rock to obtain residency and capitalise on low taxes. Full Article at This Is Money
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Emergency loans given to RBS and HBOS were essential for stability in the banking system, the Chancellor has said. In an emergency statement to the Commons, Alistair Darling defended the Bank of England's bridging loans to RBS and HBOS last year. Full Article at ePolitix
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Alistair Darling today defended a decision to secretly lend Royal Bank of Scotland (RBS) and HBOS £61.6 billion, stating that if the loan had been made public, it could have “seriously jeopardised” the stability of the entire British financial... Full Article at Times Online
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Alistair Darling has defended the secrecy surrounding £62bn of loans to prop up RBS and HBOS as a necessary measure to prevent a Northern Rock-style bank run. Full Article at Sky News
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Chancellor of the Excheqeur Alistair Darling will have received little comfort from today's GDP figures This time around at least economists got it right. Full Article at The Telegraph
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The Chancellor, Alistair Darling, is due to make an emergency statement in the Commons about the Bank of England's secret loans to RBS and HBOS. Mr Darling is expected to defend his view that it was in the public's interest not to disclose the loans. Full Article at BBC News
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If the loan had been made public it could have "seriously jeopardised" the stability of the entire UK financial system, he said. Because of this fear, he decided any disclosure of the loan was "not in the public interest". Full Article at This Is London
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Treasury officials have made it clear Alistair Darling was waiting for the second GDP estimate before finalising his pre-budget announcement. Full Article at Guardian Unlimited
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Relations between the Governor of the Bank of England and the Chancellor hit a new low today after Alistair Darling faced a barrage of criticism from both sides of the Commons over the emergence of a £61.6 billion secret loan to RBS and HBOS. Full Article at Times Online
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PBR predictions BDO says it thinks Chancellor Alistair Darling will restrict or remove corporation tax relief on carrying forward tax losses against future trading profits in December’s pre-Budget report. Full Article at VNUNet.com
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FOOTBALL star Ashley Cole has denied claims he is jealous of wife Cheryls success. DAVID Cameron was rocked yesterday by a shock poll showing the Tories lead has been slashed. Full Article at Daily Star
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Environmentalists today welcomed Tory proposals to create a "green investment bank" as the Opposition began a concerted effort to show its eco-friendly credentials. Full Article at This Is London
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Thank you to Imperial for hosting today's speech. I was here eighteen months ago talking about how much more needed to be done to meet the threat of climate change and energy insecurity. Full Article at VNUNet.com
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Householders who recycle could earn £130 a year in shopping vouchers under a scheme planned by the Conservatives. Full Article at 24Dash.com
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THE Tories jumped on the Jedward bandwagon yesterday, branding Gordon Brown and Alistair Darling "Deadwood". Full Article at Irish Examiner
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This week, I'm one of four Conservative Shadow Cabinet ministers making speeches on climate change, talking about how we will take action to cut emissions and green our economy. Full Article at The Independent
About Alistair Darling
Wikipedia
Alistair Maclean Darling (28 November 1953) is a British politician and Chancellor of the Exchequer since 28 June 2007. He is Labour Party Member of Parliament for Edinburgh South West in Scotland. Full Article
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, (L-R) French Finance Minister Christine Lagarde, International Monetary Fund Managing Director Dominique Strauss-Kahn, and British Chancellor of the Exchequer Alistair Darling, pose for a picture prior to the SDR...
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ISTANBUL, TURKEY - OCTOBER 3: In this handout image supplied by the IMF, British Chancellor of the Exchequer Alistair Darling (L), French Finance Minister Christine Lagarde (C) and U.S. Treasury Secretary Tim Geithner (R) talk after their G-7 meeting at the Istanbul Congress Center Oct...
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British Chancellor of the Exchequer Alistair Darling (L), French Finance Minister Christine Lagarde (C) and U.S. Treasury Secretary Tim Geithner (R) talk after their G7 meeting at the Istanbul Congress Center October 3, 2009.
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England National Bank executive director Andrew Bailey (L) talks with Chancellor of the Exchequer Alistair Darling at the begining of the working session of the informal ECOFIN meeting at the Eriksberghallen in Gothenburg on October 1, 2009.
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EU Commisisioner responsable for the Economy and Monetary Affairs Joaquim Almunia, Spanish Minister of Economy and Finance Elena Salgado, Swedish Minister of Finance Anders Borg, Chancellor of the Exchequer Alistair Darling (LtR) talking before the family photo of ministers of Finance...
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England National Bank executive director Andrew Bailey (L) smiles with chancelor of the Exchequer Alistair Darling at the begining of the working session of the informal ECOFIN meeting at the Eriksberghallen in Gothenburg on October 1, 2009.
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BRIGHTON, ENGLAND - SEPTEMBER 29: Members of the cabinet listen to Prime Minister Gordon Brown address the Labour Party Conference on September 29, 2009 in Brighton, England.
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British Labour Party Ministers David Miliband, (R) Alan Johnson (2nd R) Peter Mandelson (3rd R) Harriet Harman, (3rd L) Alistair Darling (2nd L) and Jack Straw (L) are pictured during Prime Minister Gordon Brown's speech at the annual Labour Party Conference at the Brighton Centre, Brig...
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BRIGHTON, ENGLAND - SEPTEMBER 29: Members of the Cabinet (L-R) Jack Straw, Alistair Darling, Harriet Harman, Lord Mandelson, Alan Johnson and David Miliband listen to Prime Minister Gordon Brown as he speaks to the Labour Party Conference on September 29, 2009 in Brighton, England.
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Britain's Foreign secretary David Miliband (L) speaks with Justice Secretary Jack straw and Chancellor Alistair Darling (R) as they wait for Prime Minister Gordon Brown to give his speech at the Labour Party Conference, in Brighton in southern England September 29, 2009.
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Britain's Chancellor of the Exchequer Alistair Darling (C) reacts while receiving applause beside Prime Minister Gordon Brown (R) and Leader of the Commons Harriet Harman (L) following his speech to the Labour Party Conference in Brighton, southern England, on September 28, 2009.
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Britain's Prime Minister Gordon Brown (L) shakes the hand of Chancellor of the Exchequer Alistair Darling following his speech to the Labour Party Conference in Brighton, southern England, on September 28, 2009.
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Britain's Chancellor of the Exchequer Alistair Darling is pictured at the annual Labour Party Conference at the Brighton Centre, in Brighton, southern England, on September 28, 2009.
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Britain's Chancellor of the Exchequer Alistair Darling gives a speech at the annual Labour Party Conference at the Brighton Centre, in Brighton, southern England, on September 28, 2009.
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Britain's Chancellor of the Exchequer Alistair Darling (L) and Prime Minister Gordon Brown (R) are pictured at the annual Labour Party Conference at the Brighton Centre, Brighton, southern England, on September 28, 2009.
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BRIGHTON, ENGLAND - SEPTEMBER 28: A lone delegate sits in banked seating as he listens to Chancellor of the Exchequer, Alistair Darling's speech at the Labour Party Conference on September 28, 2009 in Brighton, England.
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Britain's Finance Minister Alistair Darling is applauded after his speech at the annual Labour Party Conference at the Brighton Centre, Brighton, on September 28, 2009.
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Britain's Finance Minister Alistair Darling (L) is applauded by Prime Minister Gordon Brown after his speech at the annual Labour Party Conference at the Brighton Centre, in southern England, on September 28, 2009.
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Britain's Finance Minister Alistair Darling is pictured at the annual Labour Party Conference at the Brighton Centre, in southern England, on September 28, 2009.
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Britain's Business Secretary Peter Mandelson arrives at the hall ahead of the speech by Chancellor of the Exchequer Alistair Darling at the Labour Party Conference in Brighton, southern England, on September 28, 2009.
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Britain's Finance Minister Alistair Darling (R) is applauded by Prime Minister Gordon Brown (L) after his speech at the annual Labour Party Conference at the Brighton Centre, Brighton, on September 28, 2009.
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Britain's Prime Minister Gordon Brown (L) shakes the hand of Chancellor of the Exchequer Alistair Darling following his speech to the Labour Party Conference in Brighton, southern England, on September 28, 2009.
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Britain's Chancellor of the Exchequer Alistair Darling (C) accepts applause from Prime Minister Gordon Brown (R) and Leader of the Commons Harriet Harman (L) following his speech to the Labour Party Conference in Brighton, southern England, on September 28, 2009.
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ST ANDREWS, SCOTLAND - NOVEMBER 07: G20 finance ministers and bank govenors gather for the family photograph on November 7, 2009 in St Andrews, Scotland.
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We didn't discuss the renminbi. I think that's a question for China rather than us.
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Alistair Darling and Ed Balls and were last night embroiled in a bitter feud over public spending. The Chancellor slapped down Mr Balls after he launched an audacious bid for a budget increase of £2.6billion over the next three years.
SOURCE: ConservativeHome -
If there isn't an agreement on financing, if there isn't an agreement about contributions to make sure we can deal with this problem, then the Copenhagen agreement is going to be much, much more difficult
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They might have been able to tell people that it was Labour that was doing the cutting. On the Glasgow Airport Rail Link, we should have turned around to Iain Gray (the Scottish Labour leader] and said yes, you have a good point about it, so why don't you get onto Alistair Darling and ask him for £300 m...
SOURCE: Edinburgh Daily News -
The key challenge is to ensure the next decade is one of growth and not one of low growth and high unemployment
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Alistair Darling is preparing to plough billions more of taxpayers' money into Royal Bank of Scotland to take the government stake in the bank from 70 per cent to as high as 84 per cent
SOURCE: Times of India -
Finance ministers must be engaged because if there isn't an agreement on contributions, the Copenhagen agreement is going to be much more difficult
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Without the prime minister's backing, this wouldn't have happened. This also reflects a recognition by the chancellor, Alistair Darling, of the importance of arts and culture. It has always been my view that to pull the plug on these projects would have been political madness and also have run against t...
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I think that it really is imperative that when we reach the end of the day, that we have shown that we have made some real progress in dealing with what is a very real and urgent problem now ... We will do everything that we can to reach that agreement in advance of the Copenhagen meeting.
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Perry is going to tie down Alistair Darling on a runway at Heathrow, and has asked Sir Richard Branson to mow him down with one of the Virgin Atlantic airliners.
SOURCE: The Telegraph -
It really is important that we as finance ministers are engaged in (finding consensus), because if there isn't an agreement on finance ... then the Copenhagen agreement is going to be much, much more difficult.
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is that we've been through three-party political conferences but when you look at what needs to happen in terms of building a low carbon economy, creating green jobs and helping to save the world from climate change, the fact is that George Osborne, Shadow Chancellor, didn't spend one word talking about...
SOURCE: ddi News -
I think it really is imperative that when we reach the end of the day that we have shown that we have made some real progress ... If there isn't an agreement on finance ... then the Copenhagen agreement is going to be much, much more difficult.
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What does it say about Gordon Brown that he got into a trial of strength with Alistair Darling, and lost ... The Iron Chancellor has turned into the plastic Prime Minister. These Labour Party politicians are better at writing books about courage than displaying it.
SOURCE: Times Online -
There can be no room for complacency amongst G20 countries this weekend
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The attack on the Tories was set to intensify today, with Chancellor Alistair Darling due to contrast Labour's record of investment with Conservative plans for deep-rooted spending cuts.
SOURCE: Manchester Evening News -
At the G20 (in Pittsburgh) we agreed that it would be a real mistake to withdraw the stimulus packages before their work was done
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that they are only interested in themselves, or you can take the view that they do actually want to make changes that benefit people. Some are in the first category and some in the second. Alistair Darling is undoubtedly in the second. He is the absolute epitome of a Presbyterian Scottish bank manager w...
– Martin Sixsmith SOURCE: The Independent -
So the G20 must push for a deal on climate financing and governance - this is an essential part of tackling climate change. The road ahead will be difficult, there are arguments still to be won. But that's no reason to give up, rather it's a reason to redouble our efforts.
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We will be able to split Northern Rock by the end of the year but I'm not going to rush into a sale. We will only sell when the time is right and when the price is right
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We have what we believe is a viable bank [with Northern Rock], which can be sold with private investment coming back in. The remaining assets, they’re not all bad, some of them, you know. If we could take commercial property for example, it may not be worth that much today, but in time it will come back
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Two years ago it looked like Northern Rock had come to an end and I think it is a real tribute to the staff here who have gone through a very difficult two years that they have held everything together
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Some do, some manifestly don't, get it ... What happened with Goldman Sachs last week sends the wrong signals.
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The worst of the recession is behind us. A year ago, the world banking system and the global economy were staring into the abyss. Today, the financial system is more stable. Confidencemore stable. Confidence is returning across the world economy, in a way few would have thought possible at the beginning...
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There's a long way to go yet (on climate change) and a lot of reasons to be cautious but all the more reason to show determination
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