Tag: Ed Balls

• Thursday, January 29th 2015 - 07:55 UTC

  UK economy expanded 2.6% in 2014, the fastest since 2007

  

  The UK's economy grew by 2.6% last year, the fastest pace since 2007 and up from 1.7% in 2013, official figures have from the Office of National Statistics, ONS, have shown. The economy expanded 0.5% in the last quarter of 2014, which was a slowdown from the 0.7% of the previous three months.

• Saturday, April 20th 2013 - 08:56 UTC

  Fitch trims UK top credit rating on weaker economy and fiscal outlook

  

  Britain's credit standing took a further blow when Fitch Ratings became the second major international agency to strip the country of its top-notch credit rating. The move is an embarrassment for the Conservative-led government which promised to protect the country's rating when it took power in 2010, and will heighten the debate about whether austerity is still the right approach.

• Sunday, March 10th 2013 - 11:38 UTC

  PM Cameron fumble turns austerity and budget cuts policy into a national debate

  

  Prime Minister David Cameron was reprimanded by a budget watchdog for claiming that it did not see his austerity agenda as a drag on Britain's economy. In a speech on Thursday, Cameron said his deficit-cutting agenda was not responsible for the country's depressed growth rate which was instead caused by the financial crisis, the Euro zone's problems and higher oil prices - a view he said was endorsed by the independent watchdog.