Results tagged “budget”

Tower Hamlets' Mayor Lutfur Rahman is to allow corporate and commercial events in three Isle of Dogs parks sparking fears that local communities will find their access restricted.

Millwall Park, Sir John McDougal Gardens and Island Gardens are among a number of parks in the borough to be hired out, raising up to £200,000 a year for the Council.

By Peter Golds

The collapse of Portugal's government, which happened on Budget day and is likely to cost UK taxpayers another £3billion as we assist in bailing out their troubled economy, is an added warning of the current fragility of the economic situation and the need for policies to control borrowing. In many ways the building blocks for the Budget were set last year.

Newham has received enterprise zone status following an announcement in the Budget on Wednesday.

Chancellor George Osborne said he gave Mayor Boris Johnson the chance to select a site in London for the scheme, and he chose Newham for the role.

Newham is pushing to be one of the new enterprise zones likely to be announced by the Chancellor George Osborne in next Wednesday's Budget.

Sir Robin Wales says that the status would allow the borough to exploit the regeneration sparked by the £9bn Olympic Games.

The independent mayor of Tower Hamlets, Lutfur Rahman, has secured agreement on his first budget.

At a second meeting on Tuesday night, the mayor accepted some of the changes offered by his former Labour colleagues in order to secure an agreement.

A vital budget meeting aimed at setting the seal on millions of pounds of cuts in Tower Hamlets ended in chaos and confusion last night.

During a fractious meeting, two protesters were ejected from the public gallery and, just before the vital debate and vote, the gallery was cleared entirely when a war of words erupted.

By Peter Golds

On Christmas Eve council members received notification that the council's budget meeting was being bought forward by one week to Wednesday, February 23.

On that evening the Council Tax for 2011-12 will be set and the final budget approved or rejected.

By Jim Fitzpatrick

We're all in it together," says the coalition Government. It appears some are more "in it" than others.

If the Institute for Fiscal Studies (hardly a Labour think-tank) is to be believed, the tough choices of the budget impact most on the more vulnerable in society.

By Tim Archer

The ramifications of last week's Budget will be felt for quite some time to come. The new Government has rightly prioritised reining in the budget deficit.

If the deficit had been left unchecked the financial crisis would have spiralled out of control.

Gordon Brown has warned of tough times ahead for the nation's economy, in a speech at Reuters on Wednesday morning.

The Prime Minister also used the Canary Wharf event to announce the Government would lay out its budget plans on March 24.

Britain can expect a budget within 50 days should the Conservatives win the General Election.

David Cameron made the pledge at an event at Thomson Reuters in Canary Wharf this morning as he outlined the Tories' plans to bring the UK out the current economic slump.

By Tim Archer

It must be an election year as the Labour-run Tower Hamlets Council has proposed to freeze Council Tax.

Coincidentally, the last time Council Tax was frozen in Tower Hamlets was in 2006, also an election year.

The Financial Services Authority is asking for over £450million to carry out its supervisory duties for the next year.

The Wharf-based regulator wants £454.7million to pay for its more "intensive and intrusive supervision of businesses. It represents a 9.9 per cent increase on last year's figure of £413.8million.

By John Biggs

Well, it's budget time again. My job as an Assembly Member is to examine the Mayor's plans and look for the flaws.

So here they are (well, the big ones anyway). The good news is that the amount of Council Tax precept is remaining frozen in Boris' latest budget.

Tube Lines has been left with another headache as it faces a shortfall of almost £2billion in its budget for the next stage of its underground contract.

The company, which yesterday saw chief executive Dean Finch announce his departure, has been recommended to receive £4.394billion for the next tranche of work on the network.

Tower Hamlets Council has warned its overspend for the year could approach £8million.

At a meeting of the Overview and Scrutiny committee last night, officers predicted a general fund overspend of £3.74million and a housing overspend of as much as £4million, based on spending up to September.

A council committee skimmed through its authority's entire budget in half an hour - because some members had a party meeting to attend.

When Tower Hamlets Council's audit committee met at 6.30pm last Monday (June 29), chair Fazlul Haque announced that analysis of the 2008/9 accounts had to end by 7pm.

By John Biggs

Boris has been talking about electric cars. They are the future and the one he drove can do 160mph, silently.

At least they go in one direction - unlike his position on the challenges facing London's economy.