Emergency Budget 2010

The CBI predicts the UK economy will grow at a slightly faster rate than expected in 2010, but growth will be more ‘sluggish' than previously thought in 2011 thanks to the emergency budget.

UK public sector borrowing fell to £3.8bn in July, down from £6.1bn in July 2009, suggesting the nation's finances are starting to recover.

TAX

TAX

Betting against sterling has fallen significantly since the emergency Budget, with hedge funds and speculators closing short positions.

CONJECTURE

George Osborne's austerity budget will cause 1.3m job losses over the next five years according to Treasury figures.

GOSLING'S GROUSE

The new Chancellor George Osborne said his first budget was both ‘unavoidable' and an ‘emergency' and yet many of his policies had the look of being well thought out and planned.

Harriet Harman, deputy leader of the Labour Party, has blasted the coalition Government's emergency Budget as "reckless" and says it will "pull the rug from the UK economy."