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Miliband: Cameron is ‘borrowing more for failure’ - PMQs video

At the weekly prime minister's questions in the Commons, Labour leader Ed Miliband takes David Cameron to task over government borrowing levels

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Letters: We must act now if the NHS is to be saved

Now that the Lib Dems have at last recovered an instinct for survival, if not adherence to principle (Clegg fears reprisals over Lib Dem stance on boundary vote, 30 January), is it too much to hope...

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Letters: Managed contraction

Good to see the late Fritz Schumacher make an unscheduled appearance at Davos (Marx v Friedman, the ultimate Davos debate, 28 January). However, his contribution would likely have been far more radical...

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Letters: Other side of the high-speed rail argument

If great university departments are those that embrace contrary opinions, UCL Planning is outstanding. For our research totally contradicts the conclusions of our colleague Professor John Tomaney (This...

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Privatisation of UK's search-and-rescue helicopters raises safety and job fears

RAF, navy and coastguard's search and rescue operations will be privatised under Department for Transport's £3bn contractWith a smile and a thumbs-up, Warrant Officer aircrewman Ian "Zippy" Thompson...

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Royal Navy Sea Kings search-and-rescue in action - video

Royal Navy Sea Kings are to hand over the running of the UK's search-and-rescue (SAR) service after 60 years of serviceSteven Morris

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Privatising search-and-rescue service and closing bases 'will cost lives'

Critics of privatisation plan say fewer helicopters will be flown by civilian pilots, with sea and mountain rescue made less effectiveA controversial move to privatise the UK's military...

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Is BAE and UK manufacturing ready for take off? | Larry Elliott

With Typhoons in the hangar and state support bringing stability, hope is tentatively returning to BAE Systems' factory floorsOn both sides of the giant hanger at Warton in Lancashire, work is underway...

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Wages have flattened for years, the cost of living has spiralled and the...

Wages have flattened for years, the cost of living has spiralled and the richest have accelerated away. Join our debate. We want to hear your ideas for a new economy.Today, the Observer New Review...

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Rock giants offer a sound model for business, says man from the Bank

From HMV to the economic crash: business and policy makers could learn a lot from the big names of popSo here's the story of HMV. It was a company with a long history that was great once, way back. As...

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Britain should abandon hope of a revival in EU demand | Simon Tilford

The collapse in demand across the EU has hit the UK hard. The best option is to concentrate on boosting the domestic economyThe British government's attempt to rebalance the UK economy has failed. In...

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Economy will not recover until 2014, says thinktank

National Institute of Economic and Social Research predicts poor growth this year unless state tries to stimulate spendingBritain's recovery will be delayed until next year, according to a leading...

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High-speed rail could set us on the path to recovery | Robert Skidelsky

The chancellor's fiscal policy has been a disaster – a growth-first strategy driven by a bond-funded HS2 could be the answerWhen George Osborne took over the Treasury, he decided that fiscal policy...

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Osborne has stopped digging, but we're still in the hole

The chancellor has little hope of reaching his targets and now seems content to be the ultimate laissez-faire Treasury chiefGeorge Osborne is way off track to hit his deficit reduction targets. The...

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OECD tones down backing for Osborne's staunch austerity programme

Economic thinktank warns chancellor he may need to accept slower pace of deficit reductionThe west's leading economic thinktank warned George Osborne he might need to accept a slower pace of deficit...

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OECD boxes itself into recommending a self-defeating policy

Like George Osborne, the thinktank has been a cheerleader for deficit-reduction – but its forecasts for the non-recovery have been consistently over-optimisticReading certain passages of the OECD's...

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Mark Carney grilled by MPs ahead of Bank of England appointment - video

Mark Carney, the incoming Bank of England governor, appears before the Treasury select committee

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Scottish independence: bread and circuses | Brian Wilson

The Scottish nationalists' promises are getting more fantastical. No wonder: their support is dwindlingOther people's nationalisms tend to look more benign from a distance than for those who live with...

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Bank of England: Mark Carney's circus

His testimony to Treasury select committee made clear that a classic British evolution is the most that is likely to be on the cardsIf Sir Mervyn King had any remaining doubts that his power is ebbing...

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Carney's exhortations can't revive UK economy on their own

The Bank of England is trying to summon growth. But unless there is a change in fiscal policy, will it come?David Cameron's problem is that, although he regards himself as the "heir to Blair", he did...

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