public spending

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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A letter from Liam Byrne to David Laws said the UK's coffers were empty
Byrne to Laws: There’s no money left

By staff Liam Byrne, the outgoing first secretary to the Treasury, left a short note to his successor David Laws that said the coffers were empty, it has emerged. Notes from an outgoing minister to the new man or woman are not uncommon, but Lib Dem minister Mr Laws said he was somewhat taken… Read more »

City analysts have said a Lib/Lab pact could hurt the UK's credit rating
Lab/Lib pact will hurt credit rating, bankers warn

By staff A coalition between Liberal Democrats and the Labour party could lead to a downgrading of Britain’s credit rating, City analysts have warned. Experts at BNP Paribas have said: “Lab/Lib government is the least liked option by markets and would almost guarantee a downgrade of the UK sovereign [debt].” At the moment Britain… Read more »