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21 February 2012 Last updated at 08:53 ET Rachel Reeves and Ed Miliband are trying to identify areas of wasteful spending The government has played down claims of wasteful departmental spending of taxpayers' money on make-up and music. In a speech on Tue
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A third of Britain's top businesses fear there is a "high or very high" risk of a double-dip recession this year, according to data published this morning. The Institute of Directors (IoD) have released results of their latest snap survey, which gathered
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CHANCELLOR George Osborne claimed that the Greek bail-out was “good for Britain” as he hailed this morning’s deal as a step towards resolving the eurozone crisis. Single currency governments approved a second massive rescue package for the ailing nation
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The surplus of £7.75 billion recorded in January was attributed to a spike in tax receipts and a drop in local government borrowing at the start of the year. George Osborne will be pleased by news that the government's surplus is at the highest level in
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Feb. 21 (Bloomberg) -- Britain posted the biggest budget surplus in four years in January, increasing pressure on Chancellor of the Exchequer George Osborne to provide some stimulus for the economy in his budget next month. Revenue exceeded spending by 7
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The best month for the public finances in four years offered some breathing space for Chancellor George Osborne today a week after ratings agency Moody's threatened to strip the UK of its prized AAA rating. January's figures showed a surplus of £7.8 bill
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A second Greek lifeline was finalised after almost 13 hours of talks last night in a deal that will see the country reduce its debts from 160 per cent of GDP to around 120 per cent by 2020. Arriving for a meeting of EU finance ministers in the Belgian ca
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Chancellor on course to hit target of reducing annual borrowing to £127bn this yearTotal public sector deficit stands at £1TRILLIONBritain made debt repayment of £7.8bn in January - up from £5.2bn a year ago Chancellor George Osborne was today boosted by
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'If borrowing continues to undershoot at the rate it has done over the first ten months, total borrowing will come in as low as £117billion for 2011/12. The UK repaid more than it borrowed in January to notch up the highest monthly budget surplus since 2
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Britain's public finances posted their biggest monthly surplus in four years in January, helped by a drop in local government spending and a modest rise in tax receipts, and suggesting government borrowing may be less than expected this fiscal year. The
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This is a full transcript of Rachel Reeves's speech to the IPPR today. Let me start by thanking IPPR for giving me this opportunity to speak today. In the 1990s, the IPPR was a driving force behind the development of a new economic agenda that married ec
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Liberal Democrat MP for Westmorland and Lonsdale Tim Farron, has call on the Chancellor of the Exchequer, George Osborne, to raise the lower threshold for income tax to £10,000 in next month’s budget in the latest of the Liberal Democrats efforts to reba
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Britain posted the biggest budget surplus in four years in January, putting Chancellor of the Exchequer George Osborne on course to undershoot his full-year deficit target. Revenue exceeded spending by 7.75 billion pounds ($12.3 billion), compared with a
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Strong borrowing figures put Osborne on track to beat deficit forecast. George Osborne is set to beat the deficit forecast of £127bn for 2011-12. Photograph: Getty Images. For the first time in months, there's some good news for George Osborne. Today's b
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Britain's public finances posted their biggest monthly surplus in four years in January, driven by a drop in local government borrowing and a modest rise in tax receipts, the Office for National Statistics said on Tuesday. The figures will come as a reli
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Hopes the UK government will hit this year's borrowing forecasts were boosted today after figures revealed it enjoyed its highest surplus for four years in January. The Office for National Statistics said the Government recorded a net surplus of Ł7.8 bil
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Eurozone ministers and officials from the IMF have agreed a second big bailout of the Greek economy, to prevent an imminent default on its debt. The Chairman of the eurogroup, Jean-Claude Juncker, said the deal would secure Greece's future in the eurozon
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The Office for National Statistics said the Government recorded a net surplus of ｣7.8 billion excluding interventions such as bank bailouts, up ｣2.5 billion on the previous year and its biggest figure since January 2008. January is traditionally a bumper
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Feb. 21 (Bloomberg) -- Britain posted the biggest budget surplus in four years in January as Chancellor of the Exchequer George Osborne’s spending continue to take effect. Revenue exceeded spending by 7.75 billion pounds ($12.3 billion), compared with a
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The Greek bail-out is "good for Britain", Chancellor George Osborne insisted today as he hailed this morning's deal as a "really significant step" towards resolving the eurozone crisis. Single currency governments approved a second massive rescue package
About George Osborne
Wikipedia
Gideon George Oliver Osborne (born 23 May 1971) is a Conservative Party politician in the United Kingdom, and has been the Member of Parliament for Tatton since 2001. He is currently Shadow Chancellor of the Exchequer. Full Article
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(L to R) British Chancellor of the Exchequer George Osborne and EU commissioner for Internal Market and Services Frenchman Michel Barnier talk prior an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council will try to reach a general approach on the two...
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(L to R) British Chancellor of the Exchequer George Osborne, Portuguese finance minister Vitor Gaspar and Swedish Finance Minister Anders Borgtalk prior an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council will try to reach a general approach on the...
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(L to R) Chief executive of the European Financial Stability Facility Klaus Regling, British Chancellor of the Exchequer George Osborne and Austrian Federal Finance Minister Maria Fekter talk prior an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council...
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(L-R) Spain's Economy Minister Luis de Guindos, Belgium's Finance Minister Steven Vanackere, Britain's Chancellor of the Exchequer George Osborne, Portugal's Finance Minister Vitor Gaspar, an unidentifed member and Sweden's Finance Minister Anders Borg chat during an EU finance ministers...
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Britain's Chancellor of the Exchequer George Osborne attends an EU finance ministers meeting in Brussels February 21, 2012.
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(L-R) Spain's Economy Minister Luis de Guindos, Belgium's Finance Minister Steven Vanackere and Britain's Chancellor of the Exchequer George Osborne attend an EU finance ministers meeting in Brussels February 21, 2012.
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From left, Spain's Finance Minister Cristobal Romero Montoro, Belgium's Finance Minister Steven Vanackere, British Finance Minister George Osborne and Portugal's Finance Minister Vitor Gaspar share a word during a meeting of EU finance ministers at the EU Council building in Brussels on...
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British Finance Minister George Osborne leaves 11 Downing Street in London, on February 14, 2012. George Osborne defended his government's harsh austerity measures on Tuesday after Moody's said the country risked losing its pristine AAA credit rating. The influential credit ratings...
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British Chancellor of the Exchequer George Osborne leaves number 11 Downing Street after attending the weekly meeting of the Cabinet in London on January 31, 2012.
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George Osborne, Chancellor of the Exchequer of the United Kingdom addresses participants about ' Global Economic Outlook 2012 ', on January 28, 2012, during the World Economic Forum (WEF) in the congress center of the Swiss resort of Davos. The global elite has talked itself into an...
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International Monetary Fund (IMF) president Christine Lagarde (L) meets with British Chancellor of the Exchequer George Osborne (R) at number 11 Downing Street in central London on January 25, 2012. Lagarde held talks with Osborne as London hesitates to contribute to an expansion of the...
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LONDON, ENGLAND - JANUARY 25: British Chancellor George Osborne (L) meets with the President of the International Monetary Fund Christine Lagarde outside 11 Downing Street on January 25, 2011 in London, England. The UK economy shrank by 0.2% during the last quarter of 2011. Official...
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Britain's Chancellor of the Exchequer George Osborne (R) meets with President of the International Monetary Fund Christine Lagarde at 11 Downing Street in London January 25, 2012.
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Britain's Chancellor of the Exchequer George Osborne, left, greets the managing director of the International Monetary Fund (IMF) France's Christine Lagarde before their meeting at 11 Downing Street, in London, Wednesday, Jan. 25, 2012.
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Britain's Chancellor of the Exchequer George Osborne (L) welcomes the head of the International Monetary Fund (IMF) Christine Lagarde at 11 Downing Street in London January 25, 2012.
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Britain's Chancellor of the Exchequer George Osborne arrives at the Treasury in London January 25, 2012.
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French Finance Minister Francois Baroin (L) and British Chancellor of the Exchequer George Osborne talk on January 24, 2012 before an EU Economy and Finance Council meeting at EU headquarters in Brussels. Austria's finance minister said on January 24 that the eurozone wanted Greek...
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British Chancellor of the Exchequer George Osborne (L) speaks with Luxembourg's Prime Minister and Eurogroup president Jean-Claude Juncker (C) and EU Commissioner for Economic and Monetary Affairs Olli Rehn at the EU headquarters in Brussels on January 23, 2012, before taking part in...
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European Central Bank president Mario Draghi (L) , British Chancellor of the Exchequer George Osborne (2nd L) and EU Commissioner for Economic and Monetary Affairs Olli Rehn (R) listens to Luxembourg's Prime Minister and Eurogroup president Jean-Claude Juncker in Brussels on January...
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British Finance Minister George Osborne, center left, and Luxembourg's Prime Minister Jean-Claude Juncker, center right, slap hands as European Central Bank President Mario Draghi, left, looks on during a meeting of EU finance ministers in Brussels on Monday, Jan. 23, 2012. European...
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Britain's Chancellor of the Exchequer George Osborne (L) talks to Luxembourg's Prime Minister and Eurogroup chairman Jean-Claude Juncker (R) at the start of a European Union finance ministers meeting at the European Union council headquarters in Brussels January 23, 2012.
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Britain's Chancellor of the Exchequer George Osborne (L) talks with Germany's Finance Minister Wolfgang Schaeuble (R) at the start of a European Union finance ministers meeting at the European Union council headquarters in Brussels January 23, 2012.
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Reflected in a window, people walk in London's City financial district, Tuesday, Feb. 14, 2012. Britain's AAA credit rating was put on a "negative outlook" by ratings agency Moody's Tuesday, amid fears over weaker growth prospects and potential shocks from the eurozone crisis. Britain's...
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Tourists check a map outside the Bank of England, left, and the Royal Exchange, right, in London's City financial district, Tuesday, Feb. 14, 2012. Britain's AAA credit rating was put on a "negative outlook" by ratings agency Moody's Tuesday, amid fears over weaker growth prospects and...
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Britain's Treasury chief George Osborne, left, shakes hands with Bank of Japan Gov. Masaaki Shirakawa during their meeting at the head office of Japan's central bank in Tokyo Wednesday, Jan. 18, 2012. Osborne was in Japan as part of his trip to Asia.
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(L to R) British Chancellor of the Exchequer George Osborne and EU commissioner for Internal Market and Services Frenchman Michel Barnier talk prior an ECOFIN meeting on February 21, 2012 at the EU Headquarters in Brussels. The Council will try to reach a general approach on the two...
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