Portrait of the week

The government’s committee on public expenditure, otherwise known as Pex or the Star Chamber, gave departments a month to come up with spending cuts of up to 33 per cent. The government’s committee on public expenditure, otherwise known as Pex or the Star Chamber, gave departments a month to come up with spending cuts of

In the Budget, Mr George Osborne, the Chancellor of the Exchequer, said that the balance of cuts to tax rises would be 77 per cent to 23 per cent. Whitehall departments would have to cut spending by 25 per cent. Borrowing would fall from £149 billion this year to £20 billion in 2015-16. Debt would

The Office for Budget Responsibil-ity (OBR) forecast that gross domestic product would grow by 2.6 per cent in 2011, compared with the 3.25 per cent predicted by the previous government. But the deficit and inflation would nonetheless fall faster than predicted. ‘This is our best shot at an impossible task,’ said Sir Alan Budd, the

Mr David Cameron, the Prime Minister, said in a speech that ‘in five years’ time the interest we are paying on our debt is predicted to be ‘around £70 billion’; this meant that of ‘every single pound you pay in tax, ten pence would be spent on interest’. Mr David Cameron, the Prime Minister, said

Mr David Laws resigned as Chief Secretary to the Treasury after it was revealed that he had used parliamentary allowances to pay £40,000 rent over five years for a room in the house of a man with whom he had long had a sexual relationship. Mr David Laws resigned as Chief Secretary to the Treasury

In her 58th speech at the state opening of Parliament, the Queen said: ‘My government’s legislative programme will be based upon the principles of freedom, fairness and responsibility.’ In her 58th speech at the state opening of Parliament, the Queen said: ‘My government’s legislative programme will be based upon the principles of freedom, fairness and

George Osborne, the Chancellor of the Exchequer, said he would hold an emergency Budget on 22 June. He announced the setting up of an Office for Budget Responsibility under Sir Alan Budd, one of the original members of the Bank of England’s Monetary Policy Committee in 1997. The office would publish its first economic and

Five days after the general election, Mr David Cameron, the leader of the Conservative party, accepted the Queen’s request to form an administration and kissed hands upon his appointment as Prime Minister, the 12th of her reign, and at 43, the youngest since Lord Liverpool. Five days after the general election, Mr David Cameron, the

The country voted in a general election and local elections. In the run-up to the polls, Mr Gordon Brown had comforted Tiari Sanchez, aged 14, who broke down in tears as she described to a rally of Citizens UK how her family had to eat lentils because their mother earned so little as a cleaner

On the eve of the third television debate by the leaders of Britain’s three main parties, on the subject of the economy, the Institute for Fiscal Studies published a report on the size of the spending cuts and tax rises needed and criticised the parties for failing to set out how they would achieve them.

Some 150,000 British travellers were stranded when the National Air Traffic Services stopped all flights from 15 April because of a cloud of fine volcanic ash drifting from the Eyjafjallajökull volcano in Iceland. Some 150,000 British travellers were stranded when the National Air Traffic Services stopped all flights from 15 April because of a cloud

Mr Gordon Brown, the Prime Minister, sent the Foreign Secretary to a nuclear security summit in Washington, so that he could launch the Labour party manifesto in an empty hospital in Birmingham. It promised to halve the annual deficit by 2014, through growth, taxes and cuts, but not to raise rates of income tax and

The Queen agreed to a request from Mr Gordon Brown, the Prime Minister, to dissolve Parliament so that a general election might be held on 6 May. Mr Brown stood in Downing Street, surrounded by the Cabinet, including a woman with striking red hair, who turned out to be Lady Royall of Blaisdon, the leader

Mr Alistair Darling, the Chancellor of the Exchequer, Mr George Osborne, the shadow Chancellor, and Mr Vince Cable, the Liberal Democrat Treasury spokesman, held a debate on television. Many viewers had hoped one of them would fall off the tightrope, but none did. Mr Cable called Labour efficiency-saving plans a ‘fiction’ and accused the Tories

A European Commission report warned that Britain would not meet the 2014-2015 deadline for reducing the budget deficit to below 3 per cent of domestic output. Mr Liam Byrne, the Chief Secretary to the Treasury, said: ‘We think the EU has got the judgment wrong.’ British Airways cabin crew belonging to the union Unite announced

Mr Gordon Brown, the Prime Minister, appeared before the Chilcot inquiry into the Iraq war and denied that as Chancellor of the Exchequer he had harmfully squeezed defence budgets. ‘At any point, commanders were able to ask for equipment that they needed and I know of no occasion when they were turned down,’ he said.

Mr Gordon Brown, the Prime Minister, had sworn at senior aides and ‘roughly shoved aside’ an adviser and hit a car seat, according to an extract in the Observer from a forthcoming book by Mr Andrew Rawnsley. Mr Gordon Brown, the Prime Minister, had sworn at senior aides and ‘roughly shoved aside’ an adviser and