Austerity

How the Budget undermined the Conservatives' austerity argument

Philip Hammond has proved that the government can borrow and spend more without being punished by the markets.<p>The Conservatives used to justify …

Brexit

Budget 2017 UK: GMB union workers dressed as 'Maybots' rally at Parliament to demand public sector pay rise from Philip Hammond

Activists dressed as "Maybots" protested outside Parliament as Chancellor Philip Hammond prepared to deliver his autumn Budget.

Brexit

UK budget 2017 live: Predictions and updates as Chancellor Philip Hammond delivers make or break Autumn financial statement

Chancellor Philip Hammond will today reveal how the Government will spend the 2017 Budget.

Brexit

Budget 2017: Everything you need to know

<b>If you are wondering what to do in your lunch break on Wednesday, then a good idea is to brew a cup of tea, make a sandwich and watch the Budget.</b><p>It is the biggest single event of the year affecting your finances.<p>In his speech, the chancellor will announce the government's plans for tax and spending.<p>…

Brexit

The end of austerity is not nigh

Whenever I meet anyone at, or connected with HM Treasury, at the moment, they spontaneously emote that "there is no money - please tell everybody!"<p>I …

Brexit

Are the Tories about to abandon austerity?

Last week I wrote a column elsewhere arguing, among other things, that it is time for the government to look beyond its (almost impossible-to-meet) commitment to a budget surplus at some point in the 2020s and think about a looser target that might allow more public spending, seeking perhaps a …

Downing Street

Greece aims for swift austerity review as bailout end approaches

Bailout negotiators have returned to Greece to try and reach a deal by the end of the year on the terms for the next loan payout, as the debt-plagued …

Greece

Tory Austerity Is Failing - Real Change Is Needed

The choice Britain faces in terms of our economy in the next period are stark and have been illustrated again and again by developments since Theresa …

Referendums

Theresa May takes pot-shots at Jeremy Corbyn, defends free markets

Prime Minister says Britain needs to continue dealing with its debts and that flexible markets encourage prosperity.<p>UK Prime Minister Theresa May …

Theresa May

Austerity's enduring appeal has ancient roots in asceticism

The recent easing of the public sector pay cap suggests that the government is beginning to respond to widespread concerns about the social and …

Philip Hammond

Naxos Tavern Owner Finds Clever Way to Protest Against Heavy Taxes, Austerity

A tavern owner on Naxos found an inventive way to protest against the heavy taxes and overall austerity imposed upon Greek people in the past seven …

Greece

Brexit: Ruinous Effect Of UK Inflation Post-Brexit Vote Begins As Families Put Off Big Purchases

'Worries about earnings have started to spill over...'<p>Britons’ financial situation worsened in the first half of this year, as higher inflation since …

Economy

The next global meltdown is further away than you think

Global economic expansions do not die of old age. Outside war or violent energy shocks, they are invariably murdered by central banks fearing …

Economy

End to austerity? Poll gamble exposes rift in Britain's ruling party | Reuters

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Jul 18, 2017 11:00 pm | Updated Date: Jul 18, 2017 …

Greece

Britons would pay higher taxes to end austerity

Some 56% support ending austerity and increasing Government spending, even if it meant they personally had to pay higher taxes.<p>Half of the survey …

Greece

After 8 years of austerity, Greece gets EU budget approval

BRUSSELS – After eight years of toil by the Greek people, the European Union's executive arm is recommending that Greece be taken off its list of budget offenders, a move it hopes will help the country to start tapping financial markets for money soon.<p>Wednesday's proposal from the EU Commission to …

Greece

Spare us these cockroach arguments in favour of continued austerity

“I thought we had won that argument,” said the Chancellor, Philip Hammond, at his Mansion House speech last month, as he rejected suggestions he …

Economics

Ending austerity means increasing taxes or deficit, warns thinktank

Politicians must face up to the costs of public sector pay rises, reversing welfare cuts and boosting governance, says Resolution Foundation<p>Philip Hammond will have to rip up the government’s deficit reduction plan or increase taxes for most of the population if he decides to end seven years of …

Economics

Myth 1: Austerity will lead to 'jobs and growth'

1 December 2015<p>Copyright Belle Mellor<p>Austerity as a cure for economic woes is a confidence trick. As a response to an off-the-rails financial system …

Economics

David Cameron defending austerity is not a good look for the Tories

Theresa May signed away the argument when she agreed that deal with the DUP.<p>Party like it's 2015! David Cameron is back and making the case for …

Brexit

Fury vented after David Cameron says 'opposing austerity is not compassionate'

Former PM made the comments in a speech in Seoul.<p>David Cameron has provoked a furious reaction by people slamming his comments that critics of …

Referendums

Government will respond this year on police and teacher pay - May's spokesman

LONDON (Reuters) - The British government will respond to recommendations on pay increases for teachers, police and some other public sector workers later this year, Prime Minister Theresa May’s spokesman said on Monday when asked about pressure to drop pay caps.<p>Media have reported some members of …

Greece

UK: Thousands join anti-government protest

Thousands marched through central London on Saturday (July 1) in protest against the British government’s economic policies.<p>Protesters carried placards reading “Tories out” and “Not one day more.” Many focused on the Grenfell Tower blaze and cuts to public services. The rally was organised by a …

Jeremy Corbyn

Cabinet ministers tell May to end austerity - Observer

LONDON (Reuters) - Prime Minister Theresa May is under pressure from her ministers to end the government’s policy of economic austerity as a new poll shows her popularity has slumped, according to the Observer.<p>Britain's Prime Minister Theresa May leaves after attending the annual Henley Royal …

Brexit

Britain's Conservative govt under pressure to ease austerity

LONDON – Key government ministers are pressuring Conservative British Prime Minister Theresa May to ease austerity and remove a pay cap for public sector employees.<p>The Observer newspaper said Sunday that Health Secretary Jeremy Hunt is lobbying to lift the 1 percent cap on pay increases for …

Brexit

Cabinet ministers tell May to end austerity: Observer

LONDON (Reuters) - Prime Minister Theresa May is under pressure from her ministers to end the government's policy of economic austerity as a new poll …

World Economy

The austerity you’ve heard so much about just doesn’t exist

The word austerity crops up everywhere.<p>It seems there is no problem under the sun which cannot be blamed on it. The media and the left deploy the …

Economics

Less austerity will always mean more tax

There is a great deal of discussion, following the election, of relaxing or even abandoning austerity.<p>There is an equal amount of confusion about …

Economics

Austerity is dead. Long live austerity

The British public is tired of austerity. So even supporters of the government have concluded from the unexpected success of Jeremy Corbyn’s new old …

Economics

May accepts voters are tired of 'austerity' - Times reports

LONDON (Reuters) - British Prime Minister Theresa May has accepted that voters’ patience with austerity is at an end, the Times of London newspaper reported on Tuesday, citing unidentified sources.<p>A woman holds a Union Flag shopping bag in London, Britain April 23, 2016. REUTERS/Kevin Coombs/File …

Brexit