Alan Budd News
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Britain’s Olympic gold medalists dominated a New Year’s honors list that celebrated a year of sporting triumph, with Tour de France winner Bradley Wiggins receiving a knighthood.
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Deputy Prime Minister Nick Clegg will say tackling Britain’s record deficit is the government’s top priority, as the independent budget office makes new forecasts that will be used for next week’s emergency budget .
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Credit Suisse Group AG hired former Bank of England policy makers Kate Barker and Alan Budd as senior advisers in its fixed-income research division.
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The chairman of the U.K.’s Office for Budget Responsibility, Alan Budd, denied that he came under pressure from ministers to publish data on jobs in the public sector.
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Alan Budd , who stepped down as chairman of the Office for Budget Responsibility last week, said there is a risk that Britain slides back into recession.
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Former Barclays Plc Chief Executive Officer Martin Taylor said regulators should be given the power to fully split banks along retail and investment lines if proposed arrangements for a firewall fail.
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Until recently, there was almost complete agreement on the need for a period of synchronized austerity across Europe. This consensus, at a time of private- sector weakness and banking fragility, is very worrying.
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Britain has a bigger budget hole to fill than the previous Labour government forecast, the country’s fiscal watchdog said in an initial report that sets the stage for the deepest spending cuts in a generation.
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Britain posted its largest April budget deficit since monthly records began in 1993, highlighting the scale of the squeeze to come as Chancellor of the Exchequer George Osborne prepares to deliver an emergency budget.
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U.K. Prime Minister David Cameron ’s planned budget cuts increases the chance the economy will slip back into recession, said Geoffrey Dicks , who heads economic forecasting at Britain’s new fiscal watchdog.
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