Tag: george osborne

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‘George Osborne is targeting housing benefit to pay for a partial climb down on tax credit changes, according to a government source. Mr Osborne has faced stiff resistance from both political opponents and Conservative rebels over plans to slash tax credits for millions of working families. The government also suffered a humiliating defeat in the […]

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‘The determination of Conservative Government ministers to hurt UK citizens is breathtaking – literally, in the case of the many who have died as a result of Tory policies. Having been put off cutting tax credits and raiding Universal Credit, Osborne is now said to be considering another attack on Housing Benefit. He just won’t […]

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‘A plan being considered by George Osborne to reduce the generosity of universal credit could cost some families more than £700 a year, Labour have said. Owen Smith, the shadow work and pensions secretary, produced the figures in response to reports that Osborne is considering changing the taper rate that applies under universal credit in […]

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Just before the 2015 General Election, the Tories came up with a throw away Right to Buy policy for housing associations, labelled “back of a fag packet” thinking by HM Treasury staff. Osborne’s ‘solution’ to a housing crisis triggered by…

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”Chancellor George Osborne has called on Labour MPs to defy their newly-elected leader Jeremy Corbyn and vote in favor of a harsh new fiscal charter, which economists have described as ‘ridiculous’ and ‘incoherent.’ Osborne on Wednesday asked “moderate, progressive Labour MPs” to back the legislation, which seeks to force future government to run a budget […]

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George Osborne had ordered minsters to draw up plans to achieve 25% cuts to budgets for the autumn spending review. A host of ministers have issued warnings about the brutality of cuts to services. Read more: Cabinet revolt over George Osborne’s savage budget cuts

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‘George Osborne has been praised by Chinese state media for focussing on business rather than human rights. The Global Times hailed the Chancellor as “the first Western official in recent years who focused on business potential rather than raising a magnifying glass to the ‘human rights issue’”. Amnesty International’s latest report into China describes wide-ranging […]

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‘George Osborne is nailed on to replace David Cameron as Conservative leader and Prime Minister, a new poll has revealed. The latest poll of Conservative party members shows the Chancellor has a massive 15 per cent lead over his closest rival, Sajid Javid. Meanwhile the two candidates who have long been tipped to stand in […]

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‘The taxpayer lost out on millions after George Osborne allowed hedge funds to gamble on Royal Bank of Scotland shares after sell-off plans were leaked, it has been claimed. Investors are thought to have generated profits of more than £10 million after gambling on RBS shares falling in price – increasing taxpayers’ already eye-watering losses. […]

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‘George Osborne should be regarded as one of the worst chancellors in modern British history. When the Tories came to power in 2010, Osborne choked off the then gathering economic recovery with an emergency austerity budget. Indeed, the “recovery” under his “long-term economic plan” is the most sluggish since the 19th century. GDP per capita […]

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