George Osborne gives Goldman Sachs alum Jim O’Neill top Treasury job May 14, 2015 Former Goldman Sachs chief economist Jim O’Neill has been given a peerage and a top job in George Osborne’s treasury. The chancellor of the exchequer tweeted yesterday afternoon: “I am delighted to confirm Jim O’Neill as the new commercial secretary to the treasury to make devolution and the Northern Powerhouse happen.” https://twitter.com/George_Osborne/status/598855150640472064 Lord O’Neill, [...]
Devolution bill: George Osborne gives English cities the option to break away from London May 14, 2015 Chancellor George Osborne is giving English cities the chance to become more independent from London under a new devolution bill. During a speech in Manchester, his first since the Conservatives' victory at the General Election, he said things should no longer be run just from the capital, and that this “old model” had unbalanced the [...]
George Osborne is offering greater devolved powers to English cities if they agree to have their own directly elected mayor May 14, 2015 More large English cities could soon have their own directly elected mayor like Boris Johnson under new plans to be unveiled by Chancellor George Osborne later today. Osborne wants to offer English cities greater devolved powers over housing, transport, planning and policing as long as they agree to be governed by a directly elected mayor. Greater Manchester will [...]
George Osborne starts his EU reform push with ministers in Brussels May 12, 2015 Britain’s EU renegotiation process is officially underway, as chancellor of the exchequer George Osborne made his first post-General Election trip to Brussels yesterday. Speaking ahead of a meeting of EU finance ministers, Osborne said he went to Brussels “with a very clear mandate to improve Britain’s relationship with the rest of the European Union, and to [...]
RBS share price rise cuts losses as George Osborne considers bank sale May 10, 2015 George Osborne is considering selling some RBS shares this year even if the taxpayer makes a loss, as he runs out of patience with the bailed-out bank. The chancellor is understood to be weighing up the options for the future of the state-backed lender over the next two weeks. He has been buoyed by the [...]
HSBC boss Stuart Gulliver warns George Osborne or Ed Balls tax hikes could drive bank from UK May 5, 2015 HSBC’S chief executive warned yesterday that the Conservative and Labour parties both risk driving the bank out of the country with tax hikes. The giant lender is looking at moving its headquarters out of the UK after more than 20 years in London, as its global business may be harmed by regulation and taxes. George [...]
Have UK government borrowing figures just given Osborne a pre-election boost? April 23, 2015 Chancellor George Osborne just received a pre-election boost after official figures released today showed he met his target for lowering the country's budget deficit in the 2014/15 financial year. The Office for National Statistics (ONS) said public sector net borrowing, which fills the hole between spending and revenues, fell to £7.4bn in March, down 5.6 percent [...]
George Osborne finds magic money machine at Metro Bank April 8, 2015 George Osborne may have solved the British government’s huge annual deficit problem. He’s found a magic money machine! The chancellor was in Kingston yesterday, visiting a branch of Metro Bank in order to hail news that the challenger bank will employ 3,300 new staff, and aim to have a total of 150 branches by 2020. [...]
Ken Livingstone lashes out at George Osborne at City University Q&A April 7, 2015 He could have gone for a Tommy Cooper classic or some variant on the knock, knock formula – but that just wouldn’t be Ken, would it? Students at City University have been chuckling away in recent days over a bizarre recording of former London mayor Ken Livingstone being asked to name his favourite joke. [...]
General Election 2015: George Osborne says Labour raised taxes by £2,000 as tax row escalates April 7, 2015 Goerge Osborne will today claim that New Labour hiked taxes on earnings for an average household by £1,895 a year in real-terms, as the row between the parties over tax escalates. The new figures come from the House of Commons library. The Tories say they hint at what Labour would do if it wins the [...]