economic policy

Campaigners set out proposals for a better deal for low-income taxpayers
Academy of Medical Sciences

Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old. Richard McClintock, a Latin professor at Hampden-Sydney College in Virginia, looked up one of the more obscure Latin words, consectetur, from a Lorem Ipsum passage,… Read more »

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The Chancellor is making swingeing cuts to his own deparment
Osborne to cut Treasury staff ‘by a quarter’

by Peter Wozniak The Chancellor is to set an example for all government departments by axeing staff in his own, according to media reports. In preparation for the October spending review, Mr Osborne is allocating cuts to each government department, amid calls from individual ministers to spare specific spending commitments. Of the 1,350 staff who… Read more »

Balls: Everything [Osborne] is doing is designed to suck money out of the economy
Balls comes out fighting against ‘deficit denier’ tag

By Ian Dunt Ed Balls has come out fighting in a last-minute bid to salvage his Labour leadership bid, warning that the coalition was at risk of triggering a ‘double dip’ recession. Speaking at Bloomberg this morning, the shadow education secretary said George Osborne risked creating a “perfect storm” by removing liquidity from the economy… Read more »