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Alistair Darling
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Alistair Darling - forBritish Labour politician - the Shadow Chancellor of the Exchequer since 2010 and served as the Chancellor of the Exchequer from 2007 to 2010.
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Alistair Darling
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Biography
ENG: Alistair Maclean Darling (born 28 November 1953) is a British Labour politician, who has been the Member of Parliament for Edinburgh South West since 1987, the Shadow Chancellor of the Exchequer since 2010 and served as the Chancellor of the Exchequer from 2007 to 2010. Prior to this, he was one of only three people to have served in the Cabinet continuously since Labour was elected in 1997 (the others being Gordon Brown and Jack Straw). He was initially appointed as Chief Secretary to the Treasury in 1997, moving to become Secretary of State for Work and Pensions in 1998. Spending four years at the department, he spent another four years as Secretary of State for Transport, also becoming Secretary of State for Scotland in 2003. Prime Minister Tony Blair moved Darling for a final ...
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Darling: I was wrong on recession
Alistair Darling, has admitted that he and his Treasury officials got it wrong over the length and severity of the recession and that he will be forced to tear up his economic predictions.He will slash his growth forecast in the budget and warn that there will be no economic recovery until the end of the year, dashing hopes that last week’s G20 summit will be followed by an early upturn. “It's worse than we thought,” Darling said this weekend.His admission comes as an opinion poll for The Sunday Times shows that Labour has enjoyed a “bounce” from the G20 summit. ...
a3 - in poll Alistair Darling
UK cannot afford budget giveaway to boost economy
Darling unveiled a £25bn fiscal package in last autumn's pre-budget report (PBR) and predicted that the measures coupled with the fall in tax revenues caused by the recession would push the budget deficit to £118bn in 2009-10. Mervyn King, the governor of the Bank of England, fired a shot across Gordon Brown's bows yesterday when he warned that the deteriorating state of Britain's public finances ruled out a giveaway budget next month to boost the economy. "I think the fiscal position in the UK is not one where we could say, well, why don't we just engage in another significant ...
a3 - in poll Alistair Darling
Darling Considering Ways to Support Lloyds After Shares Plun
Chancellor of the Exchequer Alistair Darling said the U.K. is considering ways to support to Lloyds Banking Group Plc, whose share price dropped 32 percent yesterday.“There are a range of options open to us,” Darling said on the BBC’s Newsnight program when asked whether he would pledge government funds to Lloyds. “We’ve got to work with banks to ensure that bad debts are identified and revealed. If we don’t get these bad assets out of the system, banks will not lend.”Lloyds fell after saying it expects HBOS Plc, the U.K. lender it took over last ...
spetr - in poll Alistair Darling
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Scottish banknotes: the Treasury's symbolic hostage in the independence debate The Treasury is releasing a critique of Alex Salmond's plans for a post-independence currency union between Edinburgh and London, raising doubts about Scotland's cherished home-grown banknotesAs today's leader in the Herald points out, Scottish banknotes state "promise to pay the bearer on demand". Many travellers from Scotland crossing the border with a pocket or wallet-full know how much fun that can be. Blank looks, confusion or even downright hostility, as I discovered in Canterbury last September thanks to a stoney-faced crêpe seller with a street stall. As I dug out a £20 Scottish banknote, he snarled:We don't take those. The boss won't accept them For some frequent travellers leaving Edinburgh for England, past experience is enough. There is a wee ritual at Waverley: get your ticket, get your paper, and then head to the NatWest auto-teller beside the main ticket hall to fill the wallet or purse with Bank of England notes. As one banking official said with amused relish earlier |
Alan Johnson: Gordon Brown had to go and I planned to lead coalition Home secretary during 2010 election reveals plan to stand as party leader after Lib Dems' coalition condition for PM to resignFormer home secretary Alan Johnson has revealed that he was prepared to lead the Labour party into coalition with the Liberal Democrats in 2010 – even though it was "a shit job". In an interview with the Guardian, the MP for Hull West and Hessle said that when the Lib Dems came to talk to Labour in May 2010, just after the general election resulted in the first hung parliament in 36 years, he believed the two parties would form a coalition. Talks between the Conservatives and the Lib Dems had broken down."The condition they laid was that Gordon [Brown] had to go and we all knew that anyway … I thought, well, if there's a leadership election in these circumstances I'll stand."Johnson said Labour and the Lib Dems looked as if they were on the verge of resolving major differences. "We'd talked to them about proportional representation, and Andrew Adonis was le |
Britain's austerity: The era of low expectations | Editorial For all the politicians' wheel-spinning, the UK has basically gone nowhere in the past 18 monthsIt's a mark of what low expectations are now brought to bear on the economy that Thursday's announcement that Britain didn't fall into a third recession, the dreaded triple-dip, was greeted with such relief. An "encouraging sign" is how George Osborne described it. "We haven't triple-dipped, so that's … a welcome thing," was Nick Clegg's more plaintive response. And then there were the outriders in the rightwing press; people who should have known better, blogging triumphantly about how the "Tories are back in business" or "GDP relief leaves … Labour party under pressure".Instant reactions are often the least-thoughtful ones and waving thumbs-up or thumbs-down a popular game at Westminster. But even so, such a reaction is out of all proportions with Thursday's actual news. The fact that the economy grew at all in the first three months of this year is undoubtedly a good thing. But the 0. |
Deficit, national debt and government borrowing - how has it changed since 1946? How bad is the deficit really? We bring you all the data going back to the 1940s• Get the dataHow bad is Britain's deficit? The latest set of figures show that Britain's public finances showed Britain's deficit shrunk by just £300m in March, despite the government's stringent austerity measuresThe Office for National Statistics said came in at £120.6bn for the 2012-13 financial year. That's a small improvement on the £120.9bn in the previous year..Graeme Wearden writes today: City economists aren't terribly impressed.It doesn't help that the Treasury's own predictions of net debt keep changing - and not in a good way.We have the complete set of data on Government borrowing, all the way back to the 1940s. All political parties have faced their fair share of debt through the years - almost as if the economic climate has its own life independent of who is managing it. UK public debtWhat is the deficit? When the ONS talks about the deficit, they take a simple measure - the gap betwe |
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