Press Association

Sunday 12th February 2012

Press Association

Press Association

 
Gordon Brown has confirmed the date for budget

BROWN TO URGE 'RESOLVE' IN WEATHERING ECONOMIC STORM

The Budget will take place in two weeks, Gordon Brown has confirmed as he made a key speech pledging to pull the economy through the "storm" of recession.

The March 24 date will make a May 6 general election even more likely.

Mr Brown was speaking at Thomson Reuters in Canary Wharf, in London's Docklands, the venue where Tory leader David Cameron attacked Labour's record on the economy last week.

Business news

  • Quarterly inflation report awaited

    The Bank of England's monetary policy committee will publish its quarterly inflation report on Wednesday
    The Bank of England will give a clearer insight into how deep and long it expects the current downturn in the economy to last when it publishes its quarterly inflation report on Wednesday.

  • BAE to face questions over shipyard

    BAE Systems employs approximately 1,500 people at its Portsmouth shipyard, with a similar number working in support roles in the area
    BAE Systems will face questions on Thursday over the threat of closure of its Portsmouth shipyard and the failure of its Eurofighter consortium to land a large contract to supply fighter jets to India.

  • Greek crisis sparks US stocks fall

    The Dow Jones industrials fell 89 points to close at 12,801
    Stocks have had their worst day of the year after Greece hit a roadblock on its way to a critical bailout.
© 2012 Press Association