Hamish McRae: Tax rises are inevitable ? but will need a lot of explaining to voters

The data first. We have new OECD forecasts for the world economy which, as most of us expected, have substantially upgraded expectations for next year…

Borrowing to exceed Darling’s worst forecast

Author: By Sean O’Grady, Economics Editor Ministers came under sustained attack on a number of fronts, as the Organisation for Economic Cooperat…

Government lays out election agenda

Author: By Andrew Grice, Political Editor The list of Bills included in the Queen?s Speech today includes measures to help the most needy old people r…

Childcare relief to stay

Author: By Emily Ashton, Press Association The proposals ? set out seven weeks ago at Labour’s annual conference ? have prompted protests from b…

European Commission asks UK to deliver £25bn a year in spending cuts

Author: By Sean O’Grady, Economics Editor It is likely to embarrass Number 10 in the run-up to the pre-Budget report, though the Treasury might …

Brown government even more unpopular than Major’s

Author: By Andrew Grice, Political Editor Gordon Brown?s government is even more unpopular than John Major?s administration before it slumped to an in…

Darling delays pre-Budget report as King sanctions £25bn of extra ?easing?

Author: By Simon Evans The slow speed of UK recovery was highlighted last week, with US GDP figures showing it had moved out of recession. This week, …

Hamish McRae: This public-spending squeeze will be much tighter than people expect

George Osborne’s warning at the Tory conference of cuts to come was portrayed as being risky, for he did at least acknowledge that public spendi…

PM on defensive as conference ends

Author: By Andrew Grice, Political Editor In a succession of TV interviews, the Prime Minister had to explain why Labour had clocked up new spending c…

Darling: UK recovery ‘around the corner’

Alistair Darling said he was “confident” of a return to growth and a sustainable recovery, despite ongoing risks to the global economy. Ah…