Labour deal with Nicola Sturgeon will result in higher taxes and risks interest rate rise, warns Deutsche Bank April 13, 2015 A Labour-SNP deal after the General Election risks moving Labour even further to left with heavy tax increases, less austerity and could result in rising interest, according to Deutsche Bank. The top investment bank made the warning in an updated briefing note on the possible outcomes following the General Election. Deutsche Bank adds that no [...]
Labour party confused over austerity: Chuka Umunna clashes with Jim Murphy as Nicola Sturgeon soars in the polls April 13, 2015 As Labour attempts to claw back its credibility on the economy, two senior figures appear to be at odds with the party's approach to austerity. Ed Miliband presented Labour's manifesto in Manchester today with an eye-catching budget responsibility lock. Labour claimed their manifesto was fully costed and required no extra borrowing with the current deficit [...]
Here’s how Hillary Clinton’s presidential bid announcement made Twitter explode April 13, 2015 Last night, Hillary Clinton finally announced she is throwing her hat into the ring in the race to become President in 2016. Long-running speculation about her intention to run reached fever pitch after news leaked that confirmation would come in an announcement on Sunday. And, indeed, it did. Even with all that chatter, when Clinton [...]
Clinton throws her hat in the ring for US presidency April 12, 2015 HILLARY Clinton has finally confirmed her bid for the US presidency, announcing that she was embarking on a second run for the White House in a video released yesterday. “Everyday Americans need a champion, and I want to be that champion,” she said in the video, which was posted on her new campaign website. “So [...]
Nicola Sturgeon struggles to explain SNP economic policy as Jim Murphy promises no further cuts in Scotland April 12, 2015 SNP leader Nicola Sturgeon struggled to articulate her party's economic policy during a shambolic debate between the main party leaders in Scotland. In the third televised Scottish leaders' debate Sturgeon reiterated her desire to see Scotland granted full fiscal autonomy. Sturgeon was immediately attacked by Tory leader Ruth Davidson and Lib Dem Willie Rennie, who [...]
Hillary Clinton announces 2016 run for the Presidency with video message April 12, 2015 Hillary Clinton has announced she is running for the Presidency of the United States via a video message. The veteran politician fires the starting gun on what looks to be a limited race for the Democratic nomination. Clinton starts the race with a vast amount of money and unrivalled ground operation. Few Democrats are likely [...]
IFS say David Cameron’s inheritance tax cut would disproportionately benefit the wealthy April 12, 2015 The independent Institute for Fiscal Studies has said the Conservatives' plan, if they win the General Election, to cut inheritance tax for homes worth up to £1m would disproportionately benefit the wealthy. George Osborne told the Andrew Marr show the Tory party supported "the basic human instinct to provide for your children." Under the current [...]
Here’s why David Cameron’s plan for three days’ paid volunteering is bad for business April 10, 2015 David Cameron's plan to offer workers three days' paid leave for volunteering has come under fire from the business world. The Prime Minister has pledged that if the Tories win the General Election up to 15m workers in the public and private sector will be able to take paid time off for volunteering. In the [...]
Eric Pickles car crash interview: Senior Tory struggles to explain Cameron’s paid volunteering scheme April 10, 2015 Communities secretary Eric Pickles suffered a bruising encounter on Radio 4's Today programme as he struggled to explain Tory plans to give workers three days' paid leave for volunteering. David Cameron pledged a future Conservative government will offer workers in the public sector and big private companies three days' paid leave for volunteering. Large companies [...]
IMF’s Christine Lagarde on the three big risks to the global economy April 9, 2015 Christine Lagarde, managing director of the IMF, has said that the global economy risks slipping into a "new mediocre" which implies a prolonged period of low economic growth. "[The] global recovery continues, but it is moderate, and uneven," she said ahead of the release of the IMF's economic forecasts next week. The last forecasts released in [...]