News — Budget
Budget analysis
With interest rates at an all time low, and with QE having run out of steam, it looks like conventional monetary policy is, as least for now, a dead duck. Low interest rates and quantitative easing were supposed to be sufficient to lift the UK economy out of the doldrums and into growth, increased private investment and rapid job creation - so much for the textbooks.
UK government spending round
Budget George Osborne UK public spending
Today the Chancellor, George Osborne, announced the results of the recent Spending Round for the financial year beginning April 2015 - just one month before the next General Election. In effect this sets the departmental budgets for the incoming government.