Daily Mail 30th August 2008 Alistair Darling gave an astonishingly bleak assessment of the economic crisis facing Britain last night. The Chancellor warned that it will be 'more profound and long lasting' than anyone expected. And in an admission of Labour's failure to manage the downturn, he conceded that voters had been left 'p***** off'. Frank and gloomy: Chancellor Alistair DarlingThe Chancellor said the country was on the brink of 'arguably the worst' financial conditions for...
Read Full Story
Stamp Duty on house purchases increased from £125,000 to £175,000 for one year only
The Chancellor Alistair Darling this morning announced that he had temporarily raised Stamp Duty on house purchases from £125,000 to £175,000 for one year only. This Government believes that this will stimulate the housing market and encourage the First-Time-Buyers into buying their first home.
The last time the conservatives were in power they temporarily raised Stamp Duty on house purchases to...
Read Full Story
Chancellor Alistair Darling needs to clarify the stamp duty situation
For my first post, a look at the housing market: With average house prices 8-9% lower than a year ago [now 10.5%, according to Nationwide - Ed.], the Government probably thought it was injecting life into the market by suggesting the possibility of giving relief from stamp duty on house purchases, as reported widely in the UK press.
The problem with floating such an idea is that people will wait to see if it actually...
Read Full Story
There's an old adage in politics, just as in life, that when you're in a deep hole it's best to stop digging. This Government has struggled to comprehend that most fundamental principle of self-preservation. Of course, if you abruptly stop digging or start refilling the hole you run the risk of being branded indecisive, weak, ineffectual and incompetent.
Given their recent diabolical poll performances it comes as no surprise that the indecisive, weak, ineffectual and incompetent Labour...
Read Full Story
I find it difficult to disagree with anything stated in this article from Power to the People, which I have reproduced in case anyone has missed it. The reality is, auditors do have a major responsibility to shareholder’s, who rely on their reports being objective and searching, surely the auditors can’t claim that they cannot he held liable for the fact that they have missed completely or failed to understand the risks involved with the strategy employed by some banking and financial...
Read Full Story
Chancellor Alistair Darling today defended today's dramatic cash injection for the banks as a "significant step" to restoring confidence in the system. In a Commons statement, Mr Darling said the measures were "essential to stabilise the financial system and help the UK economy". He again...
Chancellor Alistair Darling pledged today that no bonuses will be paid this year at two banks bailed out on an unprecedented scale by the Government. Speaking to BBC News, Mr Darling said there had to be "strings attached" to the Government's agreement to pump £37 billion into RBS and HBOS. He...
Three of Britain's biggest banks have been thrown a 37 billion lifeline by the Government as part of a dramatic taxpayer rescue of the UK's banking system.
ALISTAIR Darling is the man who ran the railways. He now runs the country’s banking system.
Customers trying to borrow their own money from the banks they now own should book their place in the queue in advance and observe that there is a bus replacement service ever second Wednesday.
Anyone...
Alistair Maclean Darling (born November 28 , 1953 ) is a British politician and Chancellor of the Exchequer since June 28 , 2007 . He is Labour Party Member of Parliament for ...
TPT looks at a possible Labour leadership contest. Iâve put a sneaky £5 on Labour to win the Crewe and Natwich by-election as a hedge for my position on Gordon Brown leaving ...
Darling, no doubt, will try to convince them that he values their counsel. It's a tough sell: the very last thing that has been evident during the past year has been a willingness from Darling to listen to advice from the business world. I hope for ...