George osborne

Things are looking up for George Osborne. Not only have bookies slashed his odds of making a political comeback, the former Chancellor is adapting nicely to life on the backbench. According to the latest register of interests, Osborne has managed to trouser almost £100,000 from giving just three speeches across the pond. So, what did he talk about for the fee? At the SIFMA event, he is reported to have told attendees that when the UK makes decisions like Brexit ‘that make us more remote from our European partners, we will pay a price for that’. He also is reported to have ‘grieved deeply about the impact on the economy of

Given the number of people Theresa May managed to offend at last night’s Parliamentarian of the Year awards, the Prime Minister’s decision to accept her gong from George Osborne wearing the former chancellor’s hard hat and high-vis jacket was pretty low-ranking. Nevertheless not one to be easily outdone, George Osborne has hit back today. The MP for Tatton has shared a photo of him in his infamous attire, with the caption ‘back with its rightful owner’. https://twitter.com/George_Osborne/status/794218401510150144 However, Osborne doesn’t have much to worry about — Mr S can’t see May returning to the attire anytime soon.

This time last year, George Osborne was the Chancellor of the Exchequer and tipped to be the next Prime Minister. One year on and — in the aftermath of the Brexit result — the MP for Tatton is now a backbencher. Happily, Osborne had a chance to reunite with his old Cabinet friends, aka ‘besties’ — as the host of the Spectator’s Parliamentarian of the Year awards. Like or loathe Osborne, his speech was sensational. Following a turbulent year in politics, tonight’s gongs made for some interesting acceptance speeches. While Sadiq Khan paid tribute to his mayoral rival Zac Goldsmith for helping him to achieve his large mandate, Boris Johnson

So now we know. The recession that we were told would be ‘inevitable’ if we voted to leave the EU was not quite so inevitable after all. In fact, it hasn’t happened at all. The Office of National Statistics’ first estimate of economic growth for the third quarter has the economy growing by 0.5 per cent. Though this is just an early estimate and could well be revised – revision upwards or downwards of 0.1 to 0.2 per cent are perfectly normal – it is certainly not indicating a recession, which would be two quarters of negative growth. It is pretty much in line with how the economy was growing

I would like to think that the lack of obvious progress on negotiating a post-Brexit deal with the EU is, as Theresa May said this week, part of a strategy – that there is a lot going on behind the scenes but it is not in our interests for the Government to give a ‘running commentary’ on it. But listening to the foreign secretary speaking before the Commons foreign affairs committee I am beginning to wonder. Maybe, actually nothing is going on. Top of Boris’s ‘to do’ list, it seems, is not securing trade deals with the world beyond the EU. It is securing himself a royal yacht on which

Today it was a case of the ghosts of governments past as George Osborne, Michael Heseltine and Vince Cable were hauled before the Commons Business Committee to discuss the UK’s industrial strategy. What followed was a bit of a love-in as Heseltine commended Osborne for his time in the Cabinet – praising Cameron’s government for working on industrial strategy ‘on a bigger scale than any previous government’. Less popular during the session were the Brexit bunch. Heseltine mocked May’s three Brexiteers – Liam Fox, Boris Johnson and David Davis. When asked by Richard Fuller how important it was for Britain to secure free trade agreements, he jokingly replied that he

Under David Cameron, it was sometimes tricky to tell who was in charge at the DWP. Iain Duncan Smith favoured a softer approach to welfare reform while over at the Treasury, George Osborne’s interventions were more nakedly political. It all came to a head in March when IDS resigned after Osborne announced £4bn of cuts to disability benefits. That was just over six months ago and seems like a distant memory in the pre-referendum haze. Yet it’s rapidly becoming clear that under Damian Green, things will be very different at the DWP. As with other areas of Government, Theresa May’s work and pensions secretary has marked a signal departure with

Philip Hammond is a very different kind of Chancellor than George Osborne. Osborne’s conference speeches ranged across the policy landscape; Hammond’s was tightly focused on his brief. You wouldn’t have known from it that Hammond had been Foreign Secretary until a few months ago. On the economy, Hammond confirmed that the government was no longer targeting a surplus by 2020. Hammond, sounding less downbeat about Brexit than he had on the radio this morning, was clear that there will be a fiscal stimulus announced in the autumn statement. Hammond also talked about how to raise productivity, his favourite subject. One striking feature of Hammond’s speech was how he repeatedly emphasised

Well, that didn’t take long. George Osborne has had dinner with the FT and the write-up shows him as ambitious as ever. Having never held down a job outside of politics, the former Chancellor isn’t looking for one now. ‘I am not going anywhere,’ he said, ‘I want to see what happens next.’ It seems he is angling for Christine Lagarde’s job at the IMF, but the most striking quote is about his leadership ambitions: ‘Asked about a possible return to the front line, Mr Osborne adopted — with a twist — a phrase used by Mr Johnson in 2013 to deflect questions about his prime ministerial intentions: ‘If the

The Brexit bounce continues. HM Treasury has today released forecasts of the economists it follows, as it does every month. Last time, there was a flurry of downgrades and forecasts of an immediate recession. Now, these forecasts are being torn up by everyone, including by the FT (although you can bet the FT won’t report on the upgrades as eagerly as it did the downgrades). The average new forecast suggests GDP will grow by 1.8 per cent this year, far better than the 1.5 per cent forecast last month. This back to where the consensus was before the Brexit vote. The OECD, which had previously predicted “immediate” uncertainty after a