Tag Archives: George Osborne
Unemployment jumped by 70,000 in the three months to the end of February and pay rises registered the lowest increase since 2001, adding to the mounting pressure on George Osborne to adopt a more aggressive growth strategy.
The number of people unemployed reached 2.56 million, with 20,000 under 25-year-olds adding their name to the register, pushing the unemployment rate up from 7.8% to 7.9%.
The worrying figures, which reflect a reverse in the trend last year for unemployment to fall, come after the International Monetary Fund urged the chancellor to ease his austerity plans and adopt more aggressive measures to spur growth.
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.
Britain on the brink of a triple-dip recession as official figures confirm economy shrank at the end of 2012 | Mail Online
The British economy is heading for an unprecedented triple dip recession, experts warned today.
The Office for National Statistics confirmed the economy shrank by 0.3 per cent in the last three months of 2012. Poor wages and dire weather in the start of 2013 means growth is not expected to have returned.
The news will pile pressure on Chancellor George Osborne who was last week forced to admit growth predictions for the whole of this year had been dramatically halved – down from 1.2 per cent to just 0.6 per cent.
Senior Tories in the shires are in open revolt ahead of the May council elections after George Osborne paved the way for further punishing cuts that are likely to lead to the closure of more local libraries, parks and leisure centres.
A widening rift between Conservative-run local authorities and ministers in central government, who are seen by many shire Tories as part of a remote metropolitan elite, now threatens to sour the Conservatives’ local election effort as council leaders lay plans to blame central government for what many expect to be heavy losses on 2 May.
The Conservative chair of the Local Government Association, Sir Merrick Cockell, told the Observer that a lack of clarity about when and how the unwelcome future budget reductions would fall was leaving local authorities – already hit by cuts of more than 30% since 2010 – with insufficient time to plan for yet another round of austerity.