Darling plans tax hit to fund £20bn fiscal stimulus
Chancellor of the exchequer says fiscal loosening and big expansion in borrowing needed to help Britain cope with an unprecedented global crisis
November 24, 2008
The government takes a huge gamble on investor confidence
It is unclear from the chancellor’s speech that the government recognises the scale of the structural challenge, says Martin Wolf
US agrees bail-out for Citigroup
The US government is investing $20bn in struggling Citigroup and taking on most of the potential losses from $306bn in risky assets as part of a series of actions to help the beleaguered bank
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Top earners face income tax rise
The Chancellor is to announce in his pre-Budget report he intends to raise the top rate of income tax in the future, the BBC learns.
CBI details 10-step economy plan
The CBI urges immediate government action to help struggling firms and outlines a plan to boost business.
Darling to raise taxes for wealthy
Alistair Darling to introduce a 45p tax band for those earning over £150,000 as he looks to boost the economy with £12.5bn cut in VAT