The Great Debate UK

Mansion House Hangover

June 16, 2011

Last night’s two big Mansion House speeches were impressive when they dealt with the macroeconomy, but depressing (if unsurprising) on the subject of reforming the banks, representing final confirmation of the gloomy conclusion of a blog I posted here in September 2009: It’s All Over – the Banks Have Won.

A hopeful budget, but only time will tell

March 24, 2011

BRITAIN/By Joe White

Delivering his second budget speech yesterday, Chancellor George Osborne revealed that he is leaving in place all of the austerity measures which will have a direct impact on the public sector. Meanwhile, there was a lot of policy aimed at supporting business and the private sector. The implicit assumption is that the private sector will take up the slack and continue to drive growth. This is the gamble, and we will have to wait and see if it works.

A long, hard slog in the right direction

March 24, 2011


This was a good budget in difficult times. Trouble is, just how difficult the times are is still not fully appreciated. The economic environment the Chancellor inherited was not good. The recent economic performance has not been good. And there is no reason to think it will get better anytime soon. Indeed the scale of fiscal tightening previously announced will probably weaken growth further in the near-term. The UK economy faces a long, hard slog.

George Osborne and the band-aid effect

March 22, 2011

BRITAIN-BUDGET/The second budget presented to Parliament by Chancellor George Osborne is likely to be less talking and more doing when it comes to bringing the UK’s public finances under control.

The budget must help SMEs to survive and grow

March 22, 2011

Bobby Lane 4By Bobby Lane, Partner at Shelley Stock Hutter LLP. The opinions expressed are his own.

A budget for Growth?

March 22, 2011

Thomas Story_NSP8121By Thomas Story, Tax Director, BDO LLP. The opinions expressed are his own.

George Osborne has promised that measures to boost sustainable growth will be central to this week’s Budget. To meet this objective, the Chancellor faces the challenge of accelerating the reform of business taxation within the severe constraints imposed by the overall fiscal position and the political imperatives of the coalition government.

The real story of the Spending Review was the absence of any shocks

October 20, 2010

BRITAIN-SPENDING/In the end, the ‘leaks’ worked. The various snatched photographs of briefing documents leaked in the past couple of days meant that the real story of the Spending Review was the absence of any shocks. The government managed our expectations, so political new junkies and the money markets were not really surprised as Chancellor George Osborne outlined the cuts today.

VAT rise – is it really that bad?

June 29, 2010


Rachel Mason is public relations manager at Fair Investment Company. The opinions expressed are her own.-

Osborne’s book-balancing a risky venture

June 24, 2010


Tony Cleaver is senior teaching fellow in Economics and Finance in the Durham University School of Economics, Finance and Business. The opinions expressed are his own.-