George Osborne

George Osborne was elected MP for Tatton in 2001. Heir apparent to the Osborne baronetcy of Ballentaylor and Ballylemon, he was appointed to Michael Howard’s shadow cabinet in 2004.

In May 2010 he became chancellor of the exchequer in the Conservative-led coalition.

Ambush, the second of the Royal Navy’s potent new Astute Class attack submarines, sails into Her Majesty’s Naval Base Clyde in September 2012 to begin sea trials. The 7,400 tonne submarine sailed from the shipyard in Barrow-in-Furness in Cumbria, where she was built, to HMNB Clyde in Scotland. The seven Astute Class boats planned for the Royal Navy are the most advanced and powerful attack submarines Britain has ever sent to sea. They feature the latest nuclear-powered technology, which means they never need to be refuelled and can circumnavigate the world submerged, manufacturing the crew’s oxygen from seawater as she goes. Minister for Defence Equipment, Support and Technology Philip Dunne said: “Ambush’s arrival at her home port to begin her sea trials marks a key milestone in the Astute Class submarine programme and is testament to the skills of those involved in the UK’s world class submarine building industry. "Ambush is an immensely powerful and advanced vessel that will deliver an important capability to the Royal Navy giving it the versatility and technical excellence needed to operate successfully across the globe." The Astute Class is quieter than any of her predecessors and has the ability to operate covertly and remain undetected in almost all circumstances despite being fifty percent bigger than the Royal Navy’s current Trafalgar Class submarines. The boat’s Commanding Officer, Commander Peter Green, said: “It was very satisfying bringing Ambush into her home port for the first time after initial sea trials. The ship’s company and I are now looking forward to putting her through her paces over the coming months, ensuring that she is one step closer to being deployed on operations.”

BAE Systems: holding its breath

Contractor’s rating belies improving UK and US defence outlook

First high street store to pay living wage

Oliver Bonas to offer £7.85 outside London and £9.15 in capital

Cameron walks tightrope ahead of EU talks

PM rejects opt-out call on social affairs but is upbeat on deal

Osborne hails Scottish investments

SNP denounces chancellor’s arrogance over Faslane cash

Osborne’s £500m sub base pledge

Fresh sign of government commitment to £23bn renewal of Trident

Osborne is shown generous way to surplus

Goals are achievable with fewer cuts, says think-tank

Deals flood buy-to-let mortgage market

Lenders bid to attract cash from pensioners

Boris’s summer of discontent

Tory pretender plans relaunch as post-election star fades

Virgin Money aims at banks’ ‘oligopoly’

Current accounts skewed against customers, says Gadhia

An engineer surveys an underground reservoir for Thames Water, in which China Investment Corp owns a stake

China turmoil boosts UK’s allure

‘[Uncertainty] makes case for more diversification by investors’

Osborne wins Nordic backing for EU reform

Finland’s finance minister: ‘Without the UK, there is no EU’

Osborne to sell Lloyds stake in a year

Fall in share price leads to temporary suspension of disposal

Chancellor George Osborne

Osborne warns on UK exposure to Asia

Chancellor stresses need for economic reform at home

Gertjan Vlieghe of the BoE MPC
©Gertjan Vlieghe

BoE urged to review rules for MPC members

Treasury committee request follows row over recent appointment

Iain Duncan-Smith, Secretary of State for Work and Pensions. Photograph: Rosie Hallam
©Rosie Hallam

Sickness benefits face shake-up

Duncan Smith eyes cuts to employment support allowance

Osborne seeks Scandinavian support on EU

Chancellor to visit three capitals in a day

©Daniel Jones

No more soft touch for UK’s big tax dodgers

HMRC should prosecute evaders and stop negotiating with them


Pensions — which way now?

Three options for the way ahead on retirement planning

Chancellor of the Exchequer, George Osborne, makes his keynote speech at the Conservative party conference in Birmingham this afternoon.

Public finances aid Osborne deficit plan

July figures show lower borrowing and increased tax receipts

Andrew Tyrie MP, Chairman of the Treasury Select Committee, photographed in his office this afternoon.

Tyrie criticises lack of Budget analysis

Treasury chairman calls for data on impact on rich and poor

UK sets sights on large-scale tax dodgers

Tougher powers to be used in campaign to pull in £7.2bn

Market forces cut Glencore down to size

Even a giant can be unbalanced by the choppy waters of commodities

Andrew Tyrie, the Conservative chair of the Treasury select committee, has urged the chancellor to ensure that the new 8 per cent surcharge on profits does not reduce competition and deter new entrants
©Charlie Bibby

Osborne under pressure to cut bank tax

Chancellor warned that levy penalises mutuals and ‘challengers’

Picture shows HM Revenue & Customs building in Parliament Street, Westminster. PHOTOGRAPH BY DANIEL JONES 2015 +44 (0)7815 853503 CM9 5DZ info@
©Daniel Jones

Revenue faces potential £43bn refund bill

UK taxman forced to double ‘worst-case’ estimate

Chancellor, George Osborne, leaves Downing street to deliver the budget today.
©Charlie Bibby/FT

Experts warn on small business funding

Reforms to venture capital trust rules threaten to cut market

old age pensioners oaps elderly people relaxing by seafront in sun
©Chris Batson

Radical pension changes to fuel dealmaking

Providers eye consolidation as they rethink business models

Ken Fisher

Grow your own dividends

Cash flow is any money you take from your portfolio

Niche pension providers come out fighting

Questions were raised over future for Just Retirement and Partnership after sweeping industry changes

Buy-to-let heyday may be coming to an end

Charity warns on rate rises, repossessions and evictions

Low bond yield boost for social landlords

Housing associations secure record pricing on £208m issue

Battle begins to revitalise high streets

Councils set to be offered powers to decide trading hours

UK starts process of selling RBS stake

Initial tranche of £2bn of shares to be placed with institutions

Osborne runs out of patience with RBS

Chancellor takes political risk by selling at a loss for taxpayer

Royal Bank of Scotland headquarters
©Johnny Green/PA

UK government should not rush asset sales

Privatisation without preparation does nothing for economic growth

Osborne asks public sector for cuts help

Chancellor seeks to save further £20bn in autumn spending review

Channel 4 Logo

Osborne determined to sell off assets

State holdings manager is being shifted to the Treasury

Osborne out to top Thatcher era sales

Chancellor hopes for £32bn of sell-offs this financial year

Osborne plans public sector pay-off cap

BBC and BoE will also be urged to end 6 figure severance payments

Whitehall told to draw up ‘business plans’

Ex-BP executive tells civil servants to adopt corporate discipline

Executive pension tax breaks face axe

Senior directors already plan to reorganise retirement savings