Home The International Monetary Fund suggested Britain should undertake more quantitative easing or even cut interest rates. But Christine Lagarde, the IMF’s managing director, said ‘I shiver’ at the thought of Britain’s deficit in 2010 having been left without plans for fiscal consolidation. Vince Cable, the Business Secretary, made a noise for his side of
Home The Bank of England decided against more quantitative easing, after creating £325 billion in three years. Steve Hilton, the Downing Street director of strategy, left proposals for cuts of £25 billion from welfare spending as he headed off for an academic post in California. Philip Hammond, the Defence Secretary said that business leaders were
Home David Cameron, the Prime Minister, declared that he would ‘focus on what matters’ after the Conservatives’ poor showing in the local elections brought accusations that pursuit by the coalition of such aims as gay marriage and reform of the House of Lords was alienating voters. On the eve of the Queen’s Speech he appeared
Home A report by the Commons culture media and sport select committee into News International and phone-hacking declared: ‘Rupert Murdoch is not a fit person to exercise the stewardship of a major international company.’ Four of the ten members of the committee did not endorse this finding. David Cameron, the Prime Minister, was called to
Home The British economy went back into recession, shrinking by 0.2 per cent in the first quarter of 2012, following a contraction of 0.3 per cent in the last quarter of 2011. Government debt rose by £117 million over last year’s figure, to £1,022.5 billion, equivalent to 66 per cent of GDP. George Osborne, the
Home Abu Qatada, wanted in Jordan on terrorism charges, was held in prison in England again, two months after his release from prison, and Theresa May, the Home Secretary, said he would be deported to Jordan, although ‘deportation may still take time’. Abdel Hakim Belhadj, a Libyan commander, sued Jack Straw, the former foreign secretary,
Home The European Court of Human Rights ruled that Britain would not violate human rights by extraditing to the United States five terrorist suspects: Abu Hamza, Babar Ahmad, Adel Abdul Bary, Talha Ahsan and Khaled al-Fawwaz; the case of Haroon Aswat, who suffers from schizophrenia, was adjourned. A car bomb was found at Newry, Co.
Home Nick Clegg, the deputy Prime Minister, said he could not support as they stood government plans to hold in camera civil court cases involving secret intelligence. The government also proposed changing the law to allow it to monitor the telephone calls, emails, texts and visits to websites of everyone in the country. UK Biobank
Home Peter Cruddas resigned as co-treasurer of the Conservative party after being recorded by undercover reporters from the Sunday Times encouraging donations with the prospect of private dinners with David Cameron, the Prime Minister, in his Downing Street flat. ‘Hundred grand is not Premier League. It’s not bad. It’s probably bottom of the Premier League,’
Home In the Budget, George Osborne, the Chancellor of the Exchequer, raised the threshold for workers to start paying income tax at standard rate to £9,205 and announced a gradual reduction of the rate for those earning more than £150,000 from 50 per cent. He imposed a higher level of stamp duty on houses costing
Home David Cameron, the Prime Minister, on an official visit to the United States, joined President Barack Obama in declaring that their relationship was not just special but ‘a unique and essential asset’. The Queen began her Diamond Jubilee tour of the United Kingdom at Leicester, with the Duke of Edinburgh and the Duchess of
Home Vince Cable, the Business Secretary, said in a leaked letter that the coalition lacks a ‘compelling vision’. He proposed that RBS be split up and half turned into ‘British business bank’. Earlier he had said that there was a ‘broad understanding’ in the coalition that, if the 50p tax rate was removed, it should
Home Nick Clegg, the Deputy Prime Minister, lent his support to a series of amendments to the government’s Health and Social Care Bill that he said would limit its adoption of competition and privatisation. The British Medical Association said that two thirds of members had approved some form of action over plans to make them
Home Immigration officials did not check the details of 500,000 people entering Britain by Eurostar trains, and left unread the biometric chip in passports of people entering the United Kingdom on 14,812 occasions in the first half of 2011, according to a report by John Vine, the independent chief inspector of the UK Border Agency.
Home Bideford town council acted unlawfully by allowing prayers to be said at meetings, the High Court ruled. ‘A local authority has no power under section 111 of the Local Government Act 1972,’ Mr Justice Ouseley said, ‘to hold prayers as part of a formal local authority meeting’, but he rejected arguments based on the
Home A judge granted bail to Abu Qatada, once described by a Spanish judge as ‘Osama bin Laden’s right-hand man in Europe’, who was to be freed from Long Lartin prison and allowed to leave a fixed address in London for two one-hour periods a day, in order to take his youngest child to school.
Home Fred Goodwin, the former chief executive of the Royal Bank of Scotland, was stripped of his knighthood by the Forfeiture Committee, which said he had ‘brought the honours system into disrepute’. Stephen Hester, the chief executive of the Royal Bank of Scotland, turned down a £963,000 shares-only bonus payment in the face of ‘enormous
Home The government was defeated in the Lords by 252 to 237 on an amendment by the Rt Rev John Packer, Bishop of Ripon and Leeds, to the Welfare Reform Bill, removing child benefit from the proposed welfare cap of £26,000 a year per household. Vince Cable, the Business Secretary, said in the Commons that
Home Ed Balls, the shadow chancellor, commenting on the public sector wage freeze, said: ‘I can’t promise to reverse that now.’ Ed Miliband, the Labour leader, said it was ‘absolutely right’ to place employment before pay rises. But Len McCluskey of the Unite union called it a ‘Blairite coup’ and Mark Serwotka of the Public
Home The High Speed 2 rail link between London and Birmingham is to go ahead, Justine Greening, the Secretary of State for Transport, announced. The stretch to Birmingham would be completed by 2026, but a connection to Heathrow not until 2033, when the extensions to Manchester and Leeds would be finished. The cost of the
