Will Alistair Darling survive the next cabinet shakeup?
While Gordon Brown takes many of the headlines as we approach the pre-budget statement it is actually Alistair Darling who has done all of the hard work over the last few weeks. However, there are grave concerns that his long-term future in the Treasury with many in the Labour Party fearing that Gordon Brown will dispose of his best friend at the next Cabinet reshuffle. While initially Alistair Darling had been pushed around at the Treasury by the PM, recently there have been signs that he is fighting back.
Despite their very public show of unity it is believed that these last couple of weeks has seen Gordon Brown and Alistair Darling fall out dramatically about how the ongoing UK recession should be handled. Alistair Darling now favours a more conservative approach and less debt while Gordon Brown appears adamant that a spend, spend, spend policy will see the government through. It will be interesting to see who is the winner as and when the pre-budget statement is announced and all of the small print is ingested.
There have been suggestions that Gordon Brown has been taking the glory while leaving Alistair Darling to do all of the hard work.
Share this..
Related stories
Budget Headlines : UK budget deficit £175 billion for 2009
UK budget deficit £175 billion for 2009...
Read MoreWhy is Cadbury such a weak target?
If you look at the Cadbury scenario, with a bid from Kraft Foods on the table and two potential bidders in the background, you may be forgiven for thinking that Cadbury is actually a minnow in the confectionery industry and not doing very well. However, the truth is Cadbury is a well-run business and has a well rounded reputation in confectionery industry although in the world like picture it is s...
Read MoreUK pound hits 10 month high against the dollar
While there were signs of recovery in the UK currency over the last few months, today's announcements from Barclays bank and HSBC have given currency traders something to think about. The indication is, albeit cautiously, that the UK economy has potentially turned the corner and liquidity should start to pour back into the UK money markets over the next few weeks and months. As a consequence the U...
Read MoreGovernment calls in ACAS to mediate wildcat strikes
As we covered earlier on the site, there have been a number of wildcat strikes across the UK in support of UK workers who have been effectively barred from employment opportunities with overseas companies trading in the UK. These employment opportunities consist of a number of engineering and construction projects which were awarded to overseas contractors who have brought in their own labour at t...
Read MoreSterling falls to 2 month low against the dollar
The UK currency is again under pressure after revised gross domestic product figures fell short of economist's expectations within 0.2% contraction in the UK economy in the third quarter against expectations of a 0.1% reduction. While the consensus opinion is that the UK will move out of recession in the final quarter of 2009 there is concern at the sluggish performance of the economy over the las...
Read More