Alan Budd, the economist appointed to head up George Osborne’s new Office for Budget Responsibility (OBR), is stepping down after just two months in post. This wasn’t supposed to happen, whatever the Tories are now saying.
Poverty and inequality are at record levels according to a new report. The redistribution of wealth from poor to rich overseen by Thatcher and continued under Labour will be accelerated by the massive ConDem cuts - unless we stop them.
One word can summarise George Osborne’s first budget. Brutal. £11bn off welfare spending, from child benefits to Disability Living Allowance. VAT up to 20 per cent. And an average 25 per cent cut for most departmental budgets.
In rejecting UN and EU proposals for an independent inquiry into the Gaza Flotilla Incident, Israeli Prime Minister Benjamin Netanyahu has stated that “it would create a problematic precedent” - that Israel is accountable to the international community and is subject to international law.