Tag Archives: budget

Women to lose nearly £4bn in latest household budget cuts – The Independent

Nearly 94 per cent of the cuts to household budgets this year will directly hit women, new figures revealed last night, as the battle over benefits switched to tax.

Cuts to child benefit and tax credits, and changes in personal taxation, that take effect in 2013-14 amount to a net £4bn off the family budget – £3.778bn of which comes from the purses of women, according research provided by the House of Commons Library for the Shadow Minister for Women and Equality, Yvette Cooper, who last night accused David Cameron and George Osborne of “shutting their eyes” to the impact their decisions were having on women, at the same time as cutting tax for the richest.

Women to lose nearly £4bn in latest household budget cuts – UK Politics – UK – The Independent.

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UK faces Fitch downgrade over debt levels – Telegraph

http://www.telegraph.co.uk/finance/economics/9949126/UK-faces-Fitch-downgrade-over-debt-levels.html

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George Obsorne ‘wasted Whitehall time and created real economic costs’ in last-minute budget manipulation, says Institute for Fiscal Studies – The Independent

George Osborne has been accused of wasting the time of Whitehall officials and creating “real economic costs” for the country by the respected Institute for Fiscal Studies think tank.

The think tank said that the Chancellor had engaged in last-minute manipulation of departmental budgets ahead of this week’s Budget in order to save himself the embarrassment of having to report to the House of Commons that the deficit was rising, rather than falling. “There is every indication that the numbers have been carefully managed with a close eye on the headline borrowing figures for this year” said the IFS director Paul Johnson. “It is unlikely that this has led either to an economically optimal allocation of spending across years or to a particularly productive use of time by officials or ministers.”

Gemma Tetlow an IFS researcher added that the manipulation might have created “real economic costs” by diverting officials from more valuable work in delivering public services.

George Obsorne ‘wasted Whitehall time and created real economic costs’ in last-minute budget manipulation, says Institute for Fiscal Studies – UK Politics – UK – The Independent.

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Budget 2013: Treasury forecaster wrecks chancellor’s austerity claim | UK news | The Guardian

http://www.guardian.co.uk/uk/2013/mar/20/budget-2013-treasury-forecaster-austerity

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Show people you care, George, or we’ll lose the election: Tory peer blasts Osborne’s ‘lack of concern’ for ordinary voters in recession | Mail Online

George Osborne’s apparent lack of concern for ordinary people struggling in the recession threatens to hand victory to Ed Miliband at the next Election, Tory peer Michael Ashcroft claims.

Lord Ashcroft, former deputy Conservative chairman, says many Tory MPs have doubts about the Government’s economic policy.

And he says Mr Osborne ‘seems indifferent to the things that keep people awake at night’ and he and David Cameron will face ‘trouble at the mill’ from their own MPs and voters if this week’s Budget is a flop.

 

 

Tory peer blasts Osborne’s ‘lack of concern’ for ordinary voters in recession | Mail Online.

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George Osborne to delay childcare tax breaks | Money | The Guardian

A tax break to ease the costs of childcare, which was at the heart of a new year relaunch of the coalition, is to be delayed as worsening public finances leave George Osborne struggling to balance the nation’s books.

David Cameron and Nick Clegg are to join forces on Tuesday to launch a series of childcare initiatives which the prime minister described last week as a “very major step forward”.

But Osborne is expected to announce in the budget on Wednesday that it will take time, possibly until after the general election in 2015, to add a new tax break of up to £1,000 to existing childcare help.

George Osborne to delay childcare tax breaks | Money | The Guardian.

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Local poll rout ‘could spell crisis for PM’ amid concerns that the Budget will fail to deliver the goods | Mail Online

http://www.dailymail.co.uk/news/article-2290529/Local-poll-rout-spell-crisis-PM-amid-concerns-Budget-fail-deliver-goods.html

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