United Kingdom | Sunday, 23 November 2008

Budget Articles

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1. 2012 Olympic village faces big shortfall
London 2012 Olympic chiefs said on Wednesday they face a 250 million pound shortfall in funding for the athletes village as the impact of the world economic crisis begins to bite into the project.
09 Oct 2008
2. EC criticises UK budget deficit
The UK is to become the subject of disciplinary proceedings from the European Commission, because of its growing budget deficit.
11 Jun 2008
3. 2012 budget was "wishful thinking"
The initial budget for the 2012 London Olympics was "unrealistic and wishful thinking", a group of MPs said on Tuesday.
22 Apr 2008
4. Housing market measures offer little respite
Chancellor Alistair Darling has unveiled measures designed to help those struggling to get onto the housing ladder and hard-pressed mortgage holders.
13 Mar 2008
5. Business gives warm response to Darling's budget
Business leaders breathed a sigh of relief after Chancellor Alistair Darling's first budget revealed a toning-down of recent proposals thought to be harmful to Britain's status as a major financial centre.
13 Mar 2008
6. Scotch Whisky Association decry alcohol duty rise
The Scotch Whisky Association (SWA) has condemned the announcement in today's Budget that alcohol duty will be rising significantly, saying that the Scotch Whisky industry was in "extreme dismay" at the decision.
12 Mar 2008
7. CBI head on Darling's Budget
Richard Lambert, director-general of the Confederation of British Industry (CBI) has given a full response to the Budget announced on Wednesday by Chancellor Alistair Darling.
12 Mar 2008
8. Darling cuts growth forecasts in budget
Chancellor Alistair Darling cut growth forecasts and sharply ramped up borrowing on Wednesday as the economy faces tough times and his government slides in the polls. In his first budget, Darling blamed the global credit crisis for having to lower expected economic growth this year to a range of 1.75-2.25 percent and for 2009 to 2.25-2.75 percent.
12 Mar 2008
9. Darling set to cut growth forecasts
Chancellor Alistair Darling looks set to cut growth forecasts and ramp up borrowing in his first budget on Wednesday as the economy faces its most challenging test in more than a decade. In the job since last June, Darling has had a tough time dealing with a global credit crunch and Britain's first bank run in more than a century, which resulted in the government having to nationalise the country's fifth-biggest mortgage lender.
12 Mar 2008
10. No scope for tax giveaways in budget
As storm clouds gather over the global economy, Chancellor Alistair Darling must be wishing his predecessor, Gordon Brown, had saved more for a rainy day. For the past seven years, the government has consistently borrowed more than it intended. Despite healthy economic growth, tax revenues have fallen short of expectations and the government has struggled to turn off the spending taps it opened with gusto in 2001.
04 Mar 2008
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