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Treasury ‘had urged tougher cuts’
5 hours ago ago from nvs' Blog
BBC NEWS 2009/12/11 08:43:31 GMT The Treasury wanted tougher action in the pre-Budget report to tackle the UK deficit but was persuaded otherwise by Gordon Brown, the BBC has learned. Treasury officials wanted to announce more spending cuts in order to lend credibility to their plan to halve the £178bn deficit within four years. [...]
Related contentBrown denies overruling Darling on pre-Budget report
1 hour, 59 minutes ago ago from My sports shoes Blog
Prime Minster Gordon Brown has denied overruling Chancellor Alistair Darling on how tough the pre-Budget report (PBR) should be on spending. The BBC understands the Treasury wanted to announce tougher action to tackle Britain's record £178bn deficit but was persuaded otherwise by Mr Brown. With an election looming, the PM wanted to keep a pledge to boost spending by more than £30bn, the BBC has learned. Mr Brown said it was ...
Related contentTreasury plans for tougher cuts ‘overruled by PM’
9 hours ago ago from U.K. News Room
The Treasury wanted tougher action in the pre-Budget report to tackle the UK deficit but was overruled by the prime minister, the BBC has learned. Officially the Treasury says Chancellor Alistair Darling devised the plans, but the BBC understands he wanted to go further on tackling the £178bn deficit. However, months before an election, Gordon Brown wanted existing pledges to boost spending by £30bn maintained. The Tories have ...
Related contentWill FPL ratepayers build $20 billion in new nuclear reactors at Turkey Point? by gimleteye
15 hours ago ago from EYE ON MIAMI
The answer is "no!" to new nuclear power at Turkey Point in Miami-Dade, if you agree with Citizens Allied for Safe Energy that made its CASE to the public at a Town Hall meeting in South Miami last night. Although Miamians are not inclined to travel during Christmas season to meet on a civic issue; on the matter of nuclear power and the costs to be paid by ratepayers-- some $1.3 billion in rate increases if the Public Service Commission ...
Related contentNew Help for Homeowners
17 hours ago ago from usdamortgageonline.com
Airtime: Mon. Nov. 30 2009 | 12:48 PM ET The U.S. Treasury plans to push lenders to modify their mortgages in hopes of keeping more Americans in their homes. Michael Barr, assistant Treasury Secretary, provides insight into the program and participants to CNBC's Diana Olick.
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Support Remains Steady
20 hours ago ago from PopEater
[BRIEFING.COM] Action has been choppy this session, but stocks have managed to hold on to solid gains despite weakness in the financial sector and a stronger dollar. Buying has been broad-based this session. That has put nine of the 10 major sectors into positive territory. Consumer discretionary stocks have made up the best performing sector; the group is currently up 1.7% as participants favor retailers, which has helped support the Retail ...
Related contentBailout watchdog criticizes loans to big insurers
14 hours ago ago from PopEater
WASHINGTON -The participation of two big insurers in the $700 billion financial rescue contradicted the goals of the government program, a bailout watchdog said Thursday. The inclusion of Hartford Financial Services Group Inc. and Lincoln National Corp. "was incongruous with the spirit and intent" of the bailout program, according to the report by Special Inspector General Neil Barofsky. The taxpayer investments in the two companies went to ...
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