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Milibands split over tackling the deficit

Ed Miliband, the new leader of the Labour party, has told his brother David he can have his pick of jobs in the Shadow cabinet including Shadow Chancellor.

But there is reportedly concern that if David Miliband were to take up the shadow chancellor role under his brother there would be friction in how best to tackle the deficit.

The Financial Times reports that the two brothers have already laid out very different tactics, with David calling for the deficit to be halved in four years, while Ed backing a more cautious approach.

David Miliband has until next Wednesday to make a decision on whether to stay in frontline politics under his brother’s leadership.


IFP back in black and repays directors

The Institute of Financial Planning says it made a surplus of £84,000 in 2009 and has paid back two directors who loaned the trade body £75,000 in 2008. The IFP made a £108,000 loss in the year to December 31, 2008 and borrowed money from directors to help pay for its conference. It borrowed £50,000 […]

Govt deficit soars

The Government borrowed £5.9bn in August, the highest August figure since records began, according to the Office of National Statistics. The monthly deficit is now £3.3bn, up from £1bn in August 2009.


The superficial charm of index trackers

Every few years, a new set of poachers turn gamekeeepers and loudly tell the public that active fund management is a waste of time. Today’s poster children for consumer salvation through lower charges use the charge stick to beat the drum for index trackers. But this tired old way of playing the active v passive […]

The Downsizing Delusion: Why relying exclusively on your home to fund your retirement may end in tears

By Steve Webb, director of policy The British obsession with homeownership can have dangerous consequences. A recent survey by Barings¹ found that up to three million people of working age were planning to rely wholly on the value of their home to fund their retirement. We are not talking about people investing in buy-to-let or […]


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There are 3 comments at the moment, we would love to hear your opinion too.

  1. Coming from a marxist upbringing,I presume they got the idea of keeping all political power within the family from North Korea.
    Something to look forward to!

  2. Isn’t it sweet, all that brotherly love and public displays of total unity? As Stephen Fry once remarked, sometimes you feel that there just isn’t enough vomit in the world….

  3. I would happily see whatever vomit there is in the world descend all over the pair of them!

    At least the worst of them is out, and the best of them shouldn’t do any harm in the real world on account of never ever getting there.

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