... as a bullish sign that the economy is recovering. Phew!! Everything will be ok… On Wednesday, AlistairDarling tells us that more borrowing by the government is the best way to help the economy. This is despite news in September that suggested that the real cost of the bailout is already in the region of 95% of GDP. Scary. He backs up this statement with the soothing news that “it...
The United Kingdom is still deep in recession, reports Janos Gal. The UK economy shrank by 0.4% in the last quarter from July to August reports the National Statistics. It is the longest period of recession since records began in 1955. This is the second year that the economy has contracted, or the sixth quarter, making the [...]
David Jessop, executive director of the Caribbean Council, says Jamaica and the wider Caribbean have proved their capacity to mount an effective lobbying effort over the United Kingdom's (UK) Air Passenger Duty (APD) increase.
... on public services and taxation in the decades ahead than so far envisaged. The Chancellor, AlistairDarling, currently plans a tightening of 6.4 per cent of GDP by 2017. The Commission's time horizon stretches to the middle of the century. The existing crisis in Britain's public finances will be exacerbated by long-term population and social trends, says the Commission: "To put public...
... separatist government said Thursday that it would push for a referendum on independence from the United Kingdom next year — a proposal unlikely to go far because the nationalists are outnumbered in Scotland’s parliament. The Scottish National Party has long made breaking with Britain the focus of its political agenda, but with only 47 out of 129 seats, it lacks the parliamentary...
David Cameron closed the Conservative Party Conference yesterday with a seriously good speech. Great oratory ? No, one could not say that but it did project clarity and honesty. I think also that without going over the top, it made a serious claim to be seen as potentially, a future Prime Minister of the United Kingdom [...]