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George Osborne performs U-turn as borrowing forecast fails
The chancellor will be forced into an embarrassing climbdown when he admits government loans will rise this yearGeorge Osborne will be forced into an embarrassing climbdown over next month's budget by...
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Renters forced into downsizing by the bedroom tax will have nowhere to go |...
People pushed out of social housing into the claimant-averse private sector will struggle to find a homeFears about the incoming bedroom tax are growing, along with speculation about the likely...
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UK's credit rating downgraded from AAA to AA1 by Moody's
George Osborne says decision is 'stark reminder of the debt problems facing our country'George Osborne has insisted Britain will not "run away" from its problems after Moody's downgraded the country's...
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George Osborne under pressure as Britain loses AAA rating for first time
Chancellor vows to stick to course after downgrade by Moody's, which blamed subdued growth and rising debt burdenBritain was stripped of its AAA-rated debt status for the first time ever on Friday...
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George Osborne insists he won't change course despite credit rating downgrade
Chancellor says he 'cannot let up' after move by Moody's which opposite number Ed Balls calls 'humiliating'The chancellor has insisted that he will not change course despite the downgrade of Britain's...
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Labour lead over Tories up to 12% in advance of Eastleigh, poll finds
Opinium/Observer poll: Labour enjoying 41% support compared with 29% for Conservatives and 13% for UkipLabour has stretched its lead over the Conservatives to 12%, according to the latest...
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The Conservatives need to adopt the politics of fairness | Nick Clegg
A mansion tax is the most effective way of spreading the pain of austerityVictor Hugo observed that it is near impossible to resist an idea once its time has come. Last week, he was again proved right...
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Osborne must find reverse gear to drive the UK economy towards recovery
The Faustian pact the coalition made with the Bank of England and the markets has not worked. It's time to end austerity and use fiscal policy to revive BritainFaustian pacts are not a good idea. On...
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Without affordable new homes, how do we build a better Britain? | Will Hutton
The government's unwillingness to embark on a housebuilding programme will exarcerbate Britain's economic woesTwo calamities were announced last week. First came the news that Britain built fewer than...
View ArticleChancellor's dream crumbles on the barricades
Chris Riddell on George Osborne's borrowing miseryChris Riddell
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Loss of triple-A credit rating 'largely symbolic', says Vince Cable
Business secretary attempts to shrug off Moody's decision to downgrade UK, while former chancellors back George OsborneThe business secretary, Vince Cable, has dismissed the loss of Britain's triple-A...
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Food banks surge leads to Defra inquiry
Research will study the effectiveness of emergency provision as fears increase over the impact of austerity measures Government officials have commissioned an investigation into the explosion in food...
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UK economy: short-term cheer fails to dispel long-term gloom
Economists who predict a better 2013 are still downbeat about Britain's long term prospects without major policy changesThings can only get better for George Osborne following the loss of Britain's AAA...
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UK economy is vulnerable after credit rating fall, warn former chancellors
Kenneth Clarke and Lord Lawson predict longer-term problems for currency and economy after Moody's AAA rating downgradeTwo former Conservative chancellors have issued grave warnings about the British...
View ArticleMartin Rowson on George Osborne's handling of the economy - cartoon
Two former Tory chancellors have issued grave warnings about the British economy as the government braces itself for the pound to slide.Martin Rowson
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George Osborne: no credit to the chancellor | Editorial
Over the past few years, the chancellor fetishised the protection of the AAA rating. He was wrong to do soGeorge Osborne cannot have it both ways about the downgrading by Moody's of the UK's government...
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George Osborne downgrade on the horizon after plan AAA debacle | Iain Dale
The chancellor may brush off Britain's new credit rating, but this national humiliation will have Tory backbenchers scenting bloodThere's been a lot of hypocritical comment since it was announced that...
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The legacy of Hugo Chávez: Low growth, high inflation, intimidation | Ricardo...
Venezuelan leader Hugo Chávez is a master at holding onto power, but it has cost his country and people dearlyHugo Chávez seems to be at the end of his presidency. He has been in power for over 14...
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Pound falls to two-year low as currency markets lose faith in UK economy
Sterling down to $1.51 as investors digest loss of AAA credit rating and increasingly gloomy economic outlookSterling fell to a two-year low on Monday as currency markets signalled their waning...
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George Osborne loses triple-A baiting
As Labour MPs called for his resignation, the chancellor had the chutzpah to say UK growth forecasts are better than Germany'sJust before George Osborne was dragged to the chamber to talk about the...
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