Darling could face Treasury axe - papers 1 Sep

clock

Alistair Darling's future was in question last night after Whitehall insiders said that he could be involved in an imminent Cabinet reshuffle, The Times reports.

The Chancellor’s assertions at the weekend that government changes were unlikely were described in categorical terms as “wrong”. Whitehall insiders told The Times that a controversial interview, in which he claimed that Britain could be heading into the worst economic conditions for 60 years, may have harmed his position. Tensions between the Treasury and Downing Street were threatening to undermine Gordon Brown’s relaunch, which will begin tomorrow with a package of help for first-time buyers. Ministers privately criticised Mr Darling for his interview, in which he said that the public...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

Scotland Investment Roadshow 2024: Last chance to join PA in Edinburgh and Glasgow

The Scotland Investment Roadshow kicks off next week

Professional Adviser
clock 18 September 2024 • 2 min read

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •