Tag: speech

Vince Cable attacks excessive fat cat pay

Vince Cable attacks excessive fat cat pay

At his keynote speech to the Liberal Democrat conference, Business Secretary Vince Cable is today expected to say that shareholders should have more of a say when it comes to bonuses paid to executives. He is also expected to outline plans which will force firms to disclose their excessive pay packages. Mr Cable is expected [...]

Chancellor Osborne admits economy is weak

Chancellor Osborne admits economy is weak

At a speech at the insurers Lloyd’s of London, Chancellor George Osborne has admitted that recent weak economic data had led to a downgrade in growth. Speaking at the dinner in London, the Chancellor said: “We warned repeatedly that the recovery would be choppy.” However, despite the sluggish economic recovery, the Government is sticking with [...]

Chancellor warns of tough and long recovery ahead

Chancellor warns of tough and long recovery ahead

Speaking in the House of Commons today, Chancellor George Osborne has warned that the UK can expect a long and tough recovery. His speech came as he defended the Government’s tough spending cuts, which many have been critical about – even suggesting they could push the UK back into recession. However, the Chancellor believes that [...]

Iain Duncan Smith to issue plea re hiring unemployed

Iain Duncan Smith to issue plea re hiring unemployed

Work and Pensions Secretary, Iain Duncan Smith, is today expected to call on businesses to hire unemployed Britons rather than migrant workers. In a speech to the Spanish Foundation for Analysis and Social Studies in Madrid, the former Tory party leader will call on British firms to recruit young jobless people rather than relying on [...]

Cameron continues to defend “necessary” spending cuts

Cameron continues to defend “necessary” spending cuts

At the World Economic Forum in Davos, Switzerland, British Prime Minister David Cameron is expected to say later today that the UK economy is making “progress”. His speech will come just days after official figures revealed the UK economy contracted by 0.5% in the October to December period. The figures shocked economists who had expected [...]

Bank Governor issues wages and inflation warning

Bank Governor issues wages and inflation warning

Speaking in Newcastle last night, the Governor of the Bank of England, Mervyn King, said inflation could rise as high as 5% but will fall back to its target by 2012. Mr King previously dismissed fears that higher inflation would demand a significant rise in interest rates in the months ahead. The CPI inflation rate [...]

David Cameron delivers new year message

David Cameron delivers new year message

British Prime Minister, David Cameron, has warned that next year will be “difficult” as he delivered his new year speech. However, Mr Cameron said Britain has a “really bright future to look forward to” and defended his Government’s spending cuts as tough but necessary, in order to trim the budget deficit. The cuts have received [...]

Measures may be needed to boost growth says Bank’s Bean

Measures may be needed to boost growth says Bank’s Bean

Chancellor Osborne hints at QE next year

Chancellor Osborne hints at QE next year

Addressing the Treasury Select Committee today, Chancellor George Osborne suggested the Bank of England could resume its quantitative easing (QE) scheme next year if economic growth slows. There has been suggestions that economic growth will be severely hampered because of the Government’s massive spending cuts - many have even said a double-dip recession is likely. [...]

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David Cameron delivers speech at CBI annual conference

David Cameron delivers speech at CBI annual conference

Prime Minister David Cameron has delivered a speech today at the CBI’s annual conference and has outlined a “strategy for growth” for Britain’s private sector - just days after his Government unveiled its harsh Comprehensive Spending Review. The spending cuts introduced by the Coalition Government have received mixed responses; many have been critical of them [...]

PM to deliver speech about the economy

PM to deliver speech about the economy

David Cameron is to deliver a speech today at the CBI’s annual conference and is expected to defend the recent spending cuts, while pledging to create a “new economic dynamism” in Britain. The Prime Minister intends to boost business confidence and growth and is expected to say: “This is an incredible opportunity for Britain - [...]

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Bank governor faces grilling from union leaders

Bank governor faces grilling from union leaders

Bank of England governor Mervyn King has today faced questions from union leaders over Government spending cuts. Mr King became only the second governor in history to address the Trades Union Congress (TUC). Earlier this week, it was revealed that the tough austerity measures introduced by the coalition Government are set to lead to industrial [...]

Osborne speech provides “cautious optimism”

Osborne speech provides “cautious optimism”

Speaking to an invited audience at Bloomberg’s London offices, Chancellor George Osborne has today defended his massive spending cuts and insists there is light at the end of the tunnel. However, he agreed with Mervyn King’s prediction last week, who said the economic recovery will be “choppy”. He added that there is an improvement in [...]

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Osborne gives BoE new powers and unveils bank tax

Osborne gives BoE new powers and unveils bank tax

In his first Mansion House speech last night, Chancellor George Osborne confirmed that the Bank of England will hold the main role in regulating the UK financial sector. The move was widely expected and comes as City Watchdog, the Financial Services Authority (FSA), will “cease to exist in its current form”, said the Chancellor. The [...]

Osborne to announce new powers for central bank

Osborne to announce new powers for central bank

Chancellor George Osborne is today expected to hand over more responsibility to the Bank of England. The move comes just a few days after the BBC reported that City Watchdog, the Financial Services Authority (FSA), will be retained – as a subsidiary of the Bank of England. It was expected that the watchdog would be [...]

Japan at ‘risk of collapse’ under mountain of debt

Japan at ‘risk of collapse’ under mountain of debt

The Japanese economy, which is the world’s second largest, faces many risks, one of them is deflation and the other is the country’s debt - which at nearly 230% of GDP is the highest of any industrialised nation. The debt is the result of decades of stimulus spending and low tax receipts. Japan’s new Prime [...]

Cameron: Budget problems worse than thought

Cameron: Budget problems worse than thought

In a major speech in Milton Keynes this morning, Prime Minister David Cameron said the budget problems are even worse than thought and has laid the blame with the former Government. His speech, which comes ahead of the emergency budget on 22 June, issued a stark warning about the painful spending cuts which his Government [...]

PM to warn of painful spending cuts

PM to warn of painful spending cuts

In a major speech in Milton Keynes this morning, Prime Minister David Cameron is expected to issue a stark warning about the painful spending cuts which his Government is to implement in the years to come. Mr Cameron is expected to say: “The decisions we make will affect every single person in our country. And [...]

Cameron pledges to “transform our economy”

Cameron pledges to “transform our economy”

In his first major speech since becoming Prime Minister David Cameron has today promised to “transform our economy” and make the next decade the “most entrepreneurial and dynamic in our history”. Outlining the Government’s strategy for economic growth, he has also pledged to help firms by cutting red tape, improving trade and transport links and [...]

New Chancellor speaks at CBI’s annual dinner

New Chancellor speaks at CBI’s annual dinner

New Chancellor George Osborne gave a speech to business leaders at the Confederation of British Industry’s (CBI) annual dinner last night and has outlined plans to reform corporation tax. He told business leaders that the new Government is committed to lower and simpler corporate tax rates. At the emergency Budget, on 22 June, Mr Osborne [...]