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FT.com / UK – Chancellor to boost housing with £1bn plan

We might ask where the money will be coming from: Alistair Darling will announce another £1bn package to support the housing market in his Budget on Wednesday, seeking to underpin prices, complete partially built building projects and support those struggling to pay mortgages. The £1bn will be spread over two years so that the level of support of each measure is small relative to the economy. But, while the absolute figures are small, the chancellor will say the measures are […]

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George Osborne: The bill for a decade of irresponsibility

From conservatives.com: George Osborne said the Pre-Budget Report represents “the greatest failure of public policy for a generation” after Alistair Darling announced plans to double the national debt to more than £1 trillion. George, the Shadow Chancellor, described the report as a “Tax Bombshell Budget” and stressed that a debt of £1 trillion was “the bill for Labour’s decade of irresponsibility”. “It is confirmation of the time-old truth that, in the end, all Labour chancellors run out of money and […]

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