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George Osborne needs positive forecasts to avoid triple-dip recession
With major obstacles to recovery remaining, the chancellor will be closely monitoring both economic and weather bulletinsA fall in industrial production to its lowest level in two decades. The biggest...
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Why are the Tories laughing? Because they've got away with it yet again |...
However wrong things go for them – the election, phone-hacking, the economy – the Tories have an uncanny knack for spinning it to their advantageWhatever else one might say about the Conservatives,...
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UK economy: the silver linings
High employment figures, resilient retail sales, rising demand for new cars and improving consumer confidenceUnemploymentEmployment is one of the few bright spots in the UK economy. The number of...
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UK on triple-dip recession alert after industrial slowdown
PM says manufacturers need to learn lessons from Germany, after weak data from sector targeted by government for growthThe City has put the UK on triple-dip recession alert after news that falling...
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UK economy: the problem sectors
Manufacturing is down, construction is struggling, exporters are having a torrid time – and then there's the eurozoneManufacturing Industrial output is now at its lowest level since May 1992 and...
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Unthinkable? Power to the Potteries | Editorial
Britain would do well to follow Brazil's example and nominate a new capital at its centre. Why not Stoke?The founding fathers of Brazil did economics as well as politics. To spur development of a...
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Income tax: the good and bad news from the autumn statement
The chancellor said raising personal tax allowances will mean millions paying less – but it's not that simpleAre you an income tax winner or loser? In his autumn statement, George Osborne dished out...
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Autumn statement: compassionate conservatism is now officially dead
The failure of the chancellor's economic strategy was visible to all. But it is the poisonous political calculations in Wednesday's speech that really stick in the throatGeorge Osborne's true colours...
View ArticleThe smirking axeman
Chris Riddell on the chancellor's austere autumn statementChris Riddell
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'George Osborne demonised people who are out of work. That is wrong'
Vince Cable says the Tories still don't understand that they are alienating voters by failing to spread the pain of austerityVince Cable has just come back from a Friday afternoon dance lesson and is...
View ArticleMartin Rowson on George Osborne's economic vision – cartoon
Austerity will force next government to consider 'close to inconceivable cuts' of up to 40%, says Institute for Fiscal StudiesMartin Rowson
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Coalition tries to play down Vince Cable's warning of triple-dip recession
Both parties make light of business secretary's comment that third recession is 'certainly' and 'clearly' a riskThe coalition has attempted to play down a warning by the business secretary, Vince...
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Unemployment could rise by 200,000 in 2013, says thinktank
Despite recent falls, IPPR analysis points to bleak outlook, predicting more than a million young people among joblessAn extra 200,000 people in Britain may be without a job by this time next year,...
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Virgin Atlantic expands into Scotland as Branson looks to give up control
Airline's move into short-haul industry questioned by IAG boss Willie Walsh, while Virgin chief in talks to sell part of 51% stakeVirgin Atlantic is to start operating flights between Heathrow and...
View Article11.12.12: Steve Bell on David Cameron's rejection of call for royal...
Prime minister rules out proposal, arguing that drugs policies are already workingSteve Bell
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Boris Johnson appoints Gerard Lyons as his chief economic adviser
London mayor criticised by assembly members for hiring City economist on a 30-hour week for £127,200 salaryBoris Johnson has appointed leading City economist Gerard Lyons as his chief economic adviser...
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OBR chief warns George Osborne not to rely on borrowing forecasts
Robert Chote tells MPs he would not stake his reputation on the Office for Budget Responsibility's autumn statement predictionsThe head of the government's independent tax and spending watchdog has...
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Michael Heseltine calls for more cappuccino and less cocoa on top | Simon...
New Tories are obsessed by appearance, so much easier than action – but action is what we need, according to HezzaAs, like an ancient mariner, George Osborne surveys the great Sargasso sea of the...
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Mark Carney backs measures to boost growth
Governor-elect of the Bank of England hints that more vigorous action may be required if economy remains subduedMark Carney, the governor-elect of the Bank of England, has dropped a strong hint that he...
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New Bank of England governor Mark Carney mulls end of inflation targets |...
A switch to nominal GDP targeting sounds esoteric – but it would have forced a much more activist stance from the BankMark Carney is a smart guy. Far too smart not to realise that anything he says...
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