Hamish McRae

One of the country’s most respected financial journalists and commentators Hamish McRae is an associate editor of The Independent. He was named Business and Finance Journalist of the Year 2006 at the British Press Awards.

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George Osborne presents his Budget to the House of Commons

This Budget makes George Osborne the Bismarck of our time

Not since the 1870s has there been such a shift. From now on, we will be responsible for our own pensions

Budget 2014: To raise living standards we must increase productivity

The first debate is whether the UK might improve its economic performance in the medium-term; the second, how the Government’s detailed moves are likely to affect different groups

Western sanctions against Russia would only prove counter-productive

Putin is leading a nation already in the grip of long-term economic decline

China must keep pedalling or the bicycle will wobble

The end of China's boom need not trigger a bust

Don't believe the doomsters. Slower Chinese growth would lower energy and commodity prices and so help the world's poor and hurt Russia, a win-win

Hamish McRae: Increasingly the future of the world economy is being determined by what happens in the Brics

Economic View: While China is pressing forward on bank reform 'the omens are not good'

The Institute of Economic Affairs has recommended for the Budget to be abolished

As next week’s Budget approaches, ignore anything worth less than £5bn – it’s economically irrelevant

Politicians think voters have no idea of the numbers and will react with emotion

Hamish McRae: Central banks should slowly start to get back to normal monetary conditions later this year

Economic View: The balance of advantage and disadvantage has shifted and will continue to shift

Ukraine has run up huge debts to Russia over natural gas imports

Ukraine crisis: Russia needs the West’s expertise as much as we need its oil

It is the world’s third-largest oil producer and second-largest gas producer, and the EU takes most of these energy supplies

Given the past form of George Osborne expect the latest Budget to have a strong political spin to it

Politics is all very well, but it’s the maths that matters

The forthcoming Budget can be seen as a template into which the next  government must fit its plans; and the numbers are pretty depressing

Hamish McRae: Ukraine lags far behind even the poorest European state but there is a way forward to a wealthy future

Economic View: The EU takes over a quarter of Ukraine's exports, but it could be so much more

Day In a Page

A History of the First World War in 100 Moments: Peace without magnanimity - the summit in a railway siding that ended the fighting

A History of the First World War in 100 Moments

Peace without magnanimity - the summit in a railway siding that ended the fighting
Scottish independence: How the Commonwealth Games could swing the vote

Scottish independence: How the Commonwealth Games could swing the vote

In the final part of our series, Chris Green arrives in Glasgow - a host city struggling to keep the politics out of its celebration of sport
Out in the cold: A writer spends a night on the streets and hears the stories of the homeless

A writer spends a night on the streets

Rough sleepers - the homeless, the destitute and the drunk - exist in every city. Will Nicoll meets those whose luck has run out
Striking new stations, high-speed links and (whisper it) better services - the UK's railways are entering a new golden age

UK's railways are entering a new golden age

New stations are opening across the country and our railways appear to be entering an era not seen in Britain since the early 1950s
Conchita Wurst becomes a 'bride' on the Paris catwalk - and proves there is life after Eurovision

Conchita becomes a 'bride' on Paris catwalk

Alexander Fury salutes the Eurovision Song Contest winner's latest triumph
Pétanque World Championship in Marseilles hit by

Pétanque 'world cup' hit by death threats

This year's most acrimonious sporting event took place in France, not Brazil. How did pétanque get so passionate?
Whelks are healthy, versatile and sustainable - so why did we stop eating them in the UK?

Why did we stop eating whelks?

Whelks were the Victorian equivalent of the donor kebab and our stocks are abundant. So why do we now export them all to the Far East?
10 best women's sunglasses

In the shade: 10 best women's sunglasses

From luxury bespoke eyewear to fun festival sunnies, we round up the shades to be seen in this summer
Germany vs Argentina World Cup 2014: Lionel Messi? Javier Mascherano is key for Argentina...

World Cup final: Messi? Mascherano is key for Argentina...

No 10 is always centre of attention but Barça team-mate is just as crucial to finalists’ hopes
Siobhan-Marie O’Connor: Swimmer knows she needs Glasgow joy on road to Rio

Siobhan-Marie O’Connor: Swimmer needs Glasgow joy on road to Rio

18-year-old says this month’s Commonwealth Games are a key staging post in her career before time slips away
The true Gaza back-story that the Israelis aren’t telling this week

The true Gaza back-story that the Israelis aren’t telling this week

A future Palestine state will have no borders and be an enclave within Israel, surrounded on all sides by Israeli-held territory, says Robert Fisk
A History of the First World War in 100 Moments: The German people demand an end to the fighting

A History of the First World War in 100 Moments

The German people demand an end to the fighting
New play by Oscar Wilde's grandson reveals what the Irish wit said at his trials

New play reveals what Oscar Wilde said at trials

For a century, what Wilde actually said at his trials was a mystery. But the recent discovery of shorthand notes changed that. Now his grandson Merlin Holland has turned them into a play
Can scientists save the world's sea life from

Can scientists save our sea life?

By the end of the century, the only living things left in our oceans could be plankton and jellyfish. Alex Renton meets the scientists who are trying to turn the tide
Richard III, Trafalgar Studios, review: Martin Freeman gives highly intelligent performance

Richard III review

Martin Freeman’s psychotic monarch is big on mockery but wanting in malice