'Crisis economy' UK: You're in as bad a state as eurozone, says new Bank chief as IMF urges Osborne to ditch austerity packageMark Carney compared the UK to basket case countries in the eurozoneThe IMF has slashed its growth forecast for the UK over next two years By Alex Brummer PUBLISHED: 23:15 GMT, 18 April 2013 | UPDATED: 06:33 GMT, 19 April 2013 Warning: Mark Carney, who takes over from Sir Mervyn King in July, compared the UK with basket case countries in the eurozone in a brutal assessment of the economic outlook Britain was last night branded a ‘crisis economy’ by incoming Bank of England governor Mark Carney. The Canadian, who takes over from Sir Mervyn King in July, compared the UK with basket case countries in the eurozone in a brutal assessment of the economic outlook
Labour in disarray on welfare shake-up as its proposals for tough reform unravel Labour leader Ed Miliband faces growing mutiny over his soft approachPolls reveal decisive public support for Government's benefit shake-upLiam Byrne rushes out proposals designed to harden up Labour's image By Jason Groves PUBLISHED: 00:28 GMT, 8 April 2013 | UPDATED: 01:58 GMT, 8 April 2013 Labour was plunged into disarray over welfare yesterday, as its proposals for tough reforms unravelled – and Ed Miliband faced a growing mutiny over his soft approach.
'Every penny matters': Osborne borrows Morrisons slogan in 'man of the people' speech to supermarket staff defending cuts to benefits Osborne says his reforms are backing 'people who want to get on in life'He said 'vested interests always complain' about welfare shake ups 14million households will be better off, the Chancellor announcesDefends cutting the 50p top rate of tax for highest earners ” class=”lightboxPopupLink” onclick=”return false”> Enlarge George Osborne's hopes of avoiding an unprecedented triple dip recession are on a knife-edge.
Budget 2013: Corporation tax slashed to 20% and ALL firms to get 2,000 National Insurance cut to boost business and encourage small companies to hire staff Chancellor has already slashed the headline tax rate from 28% to 24%Due to fall to 23% next month, 21% in April 2014 and now 20% in 2015But some bosses believe it should be cut lower than the 12.5% in Ireland Employers' NI contributions will be reduced by 2,000 for every company /13″ class=”blkBorder” /> Going down: This graph from figures on the Institute for Fiscal Studies website shows how the standard rate of corporation tax has dropped from 34 per cent in 1990/91 to 24 per cent in 2012/13 Announcing the cut to 21 per cent in the Autumn Statement last December, Mr Osborne said it was ‘the lowest rate of any major western economy’. He added: ‘It is an advert for our country that says come here, invest here, create jobs here. Britain is open for business.’ Tax experts said a further cut could be on the way in the Budget
I'm ready to quit Britain says Ray Winstone as he claims country has been 'raped' by high taxesThe 56-year-old said: 'I love this country but I’ve had enough'Told talkSPORT the taxman was ‘taking too much in exchange for too little’Said hospitals and fire stations are closing and there are 'holes in the roads' By Mail On Sunday Reporter PUBLISHED: 23:50 GMT, 9 March 2013 | UPDATED: 23:53 GMT, 9 March 2013 Actor Ray Winstone says he may quit the UK because it has been ‘raped’ by high taxes.
Labour and Lib Dems accused of 'not trusting the people' to decide the future of Britain's place in EuropeGeorge Osborne reveals Tory plan to portray rival parties as undemocraticHe dismisses warnings from Nick Clegg that years of uncertainty ahead of 2017 EU referendum will undermine growth by deterring investorsBoris Johnson attacks Labour's Ed Miliband for ruling out a vote Warns Britain cannot 'run away' from tough choices on the economyDavid Cameron promise of a say on EU gave Tories a poll boost .
Ditch austerity Boris tells Osborne amid fears the economy is heading towards a trip dip recession Office for National Statistics announces negative growth for final quarter of last yearResults mean there was no growth overall for the whole of 2012 Nick Clegg admits government was wrong to cut funding for big building projects, damaging jobs and growth Boris Johnson says it is time to 'junk the rhetoric of austerity'IMF chief economist says the Chancellor should use the Budget in March to 'take stock' and change courseExperts warn of longest depression in living memory , which meant there was no growth overall last year” class=”blkBorder” /> The Office for National Statistics said the economy shrank by 0.3 per cent in the last three months of 2012, which meant there was no growth overall last year Construction grew by 0.3 per cent, but not enough to make up for sharp drops in the last year In a very public challenge to mainstream Conservative policy, London mayor Mr Johnson warned that the ‘hair-shirt’ agenda set by the Chancellor and gloomy remarks from the Bank of England threaten hopes of a recovery. And in a sign of coalition tensions over the flatlining economy, Nick Clegg made clear the Liberal Democrats will demand higher capital spending on infrastructure projects in the next public spending review – a shot across Mr Osborne’s bows. IMF chief economist Olivier Blanchard said the Budget in March would be a good time to slow the pace of austerity The slump rounded off the worst four-year period for the British economy, excluding the aftermath of war, since the 1830s.
Savile's missing millions: Lawyers say they are hunting for paedophile's hidden 20million fortuneVictims' lawyers say Savile hid money in offshore accountsThey claim he stashed the cash in case his crimes were discoveredDisgraced star may have siphoned off charity money, solicitors say By Sam Webb PUBLISHED: 15:22 GMT, 6 January 2013 | UPDATED: 15:44 GMT, 6 January 2013 Emergency cash: Pervert Jimmy Savile may have hidden cash in offshore accounts to protect his forune if his crimes came to light, lawyers say Pervert Jimmy Savile may have stashed millions of pounds overseas to protect his money in case his crimes came to light. Lawyers acting for those molested by Savile have launched a probe into the disgraced DJ's finances in a bid to unearth cash which can be used as compensation. Pannone Solicitors believe he siphoned off cash from the two charities he set up, as well as money from his public appearances, into offshore accounts
5billion tax raid on British fortunes in Swiss banks…