The economy

Government to set up regional growth fund

Plans have been announced to establish a growth fund worth £1 billion to support business and economic development in those English regions likely to be hit by public spending cuts.

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Emergency Budget 2010: tough measures for tough times

Not for a political generation or two has a Budget generated such intense interest. Pre-announcements by the Coalition Government had prepared everyone for large-scale changes to the tax system and for deep public spending cuts.

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Emergency Budget 2010: Speech headlines

The Chancellor has concluded his emergency Budget speech. We are now in the process of updating our Budget Report and putting together a series of news articles. However, the headline news from the Chancellor’s statement is:

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Emergency Budget 2010: Speech begins

The Chancellor, George Osborne has risen to his feet in the House of Commons at 12.30 pm and has embarked on what is regarded as one of the most important and far-reaching Budget speeches in a generation.

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Budget deficit shows signs of improvement

The UK’s budget deficit was lower than anticipated last month, suggesting that the country’s public finances have seen the worst of the recession.

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Economic recovery 'on track' but slow

The UK economy is making progress towards recovery, but the rate of growth is likely to remain sluggish, the CBI has said.

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All public spending should be under scrutiny, says BCC

No government department budgets should be firewalled against spending cuts, the British Chambers of Commerce (BCC) has argued.

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