George Osborne has reportedly been spotted in Vietnam firing a machine gun, according to The Daily Mirror.Read the full story ›
Former Chancellor George Osborne has tweeted his approval for the Bank of England's (BoE) decision to cut interest rates and introduce other measures to support the UK's post-Brexit economy.
Osborne, who has been recognised for his work at the Treasury by former Prime Minister David Cameron with a Companion of Honour, called the BoE's announcement a "triple whammy".
BoE right to use triple whammy of lower official rates, QE & funding scheme to support demand.But only a temporary answer as economy adjusts
Must be matched by permanent supply side reform:lower biz taxes, free trade with EU & unambiguous message we're open to overseas investment.
When the 'big beasts' of politics leave the limelight, how do they cope?Read the full story ›
The Chancellor is going to America to strengthen trade ties with with the country, and encourage investors to stay with the UK after Brexit.Read the full story ›
George Osborne is planning to cut corporation tax to less than 15 per cent as part of a plan to give Britain a post-Brexit vote boost.Read the full story ›
Chancellor George Osborne has abandoned his plan to balance the UK's books by 2020 because of the economic impact of the country's decision to leave the European Union.
ITV News business editor Joel Hills reports:
In a speech to business leaders in Manchester Mr Osborne said: "We must be realistic about achieving a surplus by the end of the decade."
He added that the UK "needs to reduce uncertainty by moving as quickly as possible to forming a new relationship with the EU".
As Bank Governor said: Ref result likely to produce large negative shock. How we respond will affect impact on jobs & growth
As the Bank of England said yesterday, the referendum result is as expected likely to lead to a significant negative shock for the British economy. How we respond will determine the impact on people's jobs and on economic growth.
The Bank of England can support demand, the Government must provide fiscal credibility so we will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade and we need to reduce uncertainty by moving as quickly as possible to a new relationship with Europe and being super competitive...
The government must provide fiscal credibility, so we will continue to be tough on the deficit but we must be realistic about achieving a surplus by the end of this decade. This is precisely the flexibility that our rules provide for.
BREAKING: Chancellor to give up his plan to balance books by 2020. In light of economic shock after Brexit
Michael Gove is reported to want George Osborne to stay on as Chancellor if he wins the Conservative leadership contest and becomes Prime Minister.
Mr Osborne said he is "not the person to provide the unity my party needs".Read the full story ›