In opposition, George Osborne said that you cannot borrow your way out of a debt crisis. In government, he has proved it. Since entering No. 11 Downing Street, his strategy has been to talk sternly about austerity while borrowing more than anyone else in Europe. With every budget he has presented, the deadline for balancing
Home An issue of shares in Royal Mail was oversubscribed, pushing valuation well above initial forecasts of £3.3 billion. The IMF forecast British growth for 2013 to be 1.4 per cent; its estimate in July had been 0.9 per cent. The Commons Treasury select committee warned the Chancellor of the Exchequer that the government ‘Help
A great night to be in Pittsburgh. The local baseball team, the Pirates, were attempting to reach their first play-offs in 21 years. Meanwhile in Washington DC, a Republican party rejected at the polls last year was seeking to increase its popularity by bringing the government to a halt. On the Strip, a bustling street along
What should we make of Ed’s support for his father Ralph against the Daily Mail? Livy’s life of Torquatus suggests two possible responses. Torquatus was the obtuse, inarticulate son of the vicious and overbearing consul Manlius who, wanting to disown him, sent him off to work in the fields. But in 362 bc Manlius was
Lost property The second-to-last surviving resident of St Kilda — a small archipelago 40 miles off the Outer Hebrides which was abandoned in 1930 — has died. There are more than 4,000 abandoned settlements in Britain: Althorp Medieval village on the Althorp estate, Northamptonshire, removed by the Catesby family in the early 16th century to
Nursing standards Sir: I share Mary Dejevsky’s concern regarding the impact of tired, overworked nurses on the quality of patient care (‘Short shrift for long shifts’, 6 October). However, it is unwarranted to blame nurses for detrimental work cultures when the contributing factors are complex. Nurses generally do not have a choice about the length
