Yesterday Chancellor George Osborne admitted austerity measures will be here to stay until at least 2018.
And the Sunday Mirror revealed that a “rattled” George Osborne will outline plans to slash the benefits bill this week as he admits he is struggling to cut the UK’s debts.
He plans to freeze some payments for the unemployed, rather than bringing them in line with inflation and, the report says, the Chancellor will block the Lib Dems’ ‘cherished’ policy of a mansion tax.
Vincent Moss writes that “The admission is a sign that Mr Osborne may have to confess that he will not meet his pledge to make sure debt is falling as a share of the total economy by 2016.” You can read the story in full here.
Aside from Mr Osborne’s cuts it was an important week politically, not only did Lord Justice Leveson reveal the findings of his long awaited report into press standards, but Labour secured three seats in the by elections of Croydon North, Middlesbrough and Rotherham. The Guardian provided a great analysis of the results in its editorial of the elections on Friday which you can read here. Congratulations to all three new MPs.
Back to Leveson, and a debate will ensue this week regarding the best way forward, following Lord Justice Leveson recommendation’s that there should be an independent self-regulatory body for the newspaper industry which will be backed by legislation to ensure it is both independent and effective.
In an interview at the weekend with the Observer Ed Miliband said he is prepared to fight to bring in a law to regulate the press. Miliband told Toby Helm and Daniel Boffey that this must not be ‘run into the ground, and that he is determined to ensure something emerges as a result of the Leveson report. “I think there is huge urgency,” the Labour leader said. “We’re not going to let these talks become a smokescreen for inaction and just be used as a way to run this into the ground”.
You can read his interview in full here.