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The Treasury was wrong in its predictions of the severity of the recession, chancellor Alistair Darling has admitted. “It’s worse than we thought,” he told the Sunday Times newspaper in an interview ahead of the Budget announcement on April 22nd. The chancellor is expected to predict a 3 per cent shrinking of the UK economy… Read more »
By Laura Miller Charities should be compensated for cash lost in the collapse of Icelandic banks, the Treasury committee said today. In its first report on the banking crisis, examining the consequences of the collapse of the Icelandic banks in October 2008, the Treasury committee has recommended all charities that loss money should be compensated…. Read more »
