James Moore: No plan B, so Osborne must start tweaking
Outlook: Another day, another dire warning about the eurozone and its baleful effect on the economy. The IMF's chief, Christine Lagarde, talked about a downward spiral reminiscent of the 1930s, which is probably designed to concentrate minds in the chancellories of Europe and probably won't. However, there are still very real dangers. Our Chancellor, George Osborne, might like to think on that. His deficit-reduction plan appears to be on track but yesterday he had the nice frightening number of the national debt hitting £1 trillion to brandish at Labour. It will be trotted out every time he wants to get all macho and insist that there can be no economic plan B.
So, given the IMF has revised UK growth down to 0.6 per cent from 1.6 per cent, why not follow the example of Apple? Instead of calling its new super-phone the iPhone 5, it came up with the iPhone 4s. Mr Osborne could yet prove himself to be more pragmatic (and sensible) than he looks by tweaking his plan A to plan A(s).
- 1 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 2 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 3 Sussex couple die in suspected Christmas Day 'suicide pact'
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
UK weather: Warning for more snow and ice as freezing temperatures and gales hit Britain
UK weather: Travel chaos continues as King's Cross train delays add to snow on roads
The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
North Korea calls Barack Obama 'a monkey' in latest attack as 'The Interview' row festers
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...