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Anorak | Gordon Brown’s In The Black, Tory Party Parties & Bob Kylie Tells All

Gordon Brown’s In The Black, Tory Party Parties & Bob Kylie Tells All

by | 29th, March 2007

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Strapped For Cash

The fall-out from the recent Budget continues with government figures now showing that the disposable income of households grew last year at the slowest rate since 1982, says the Telegraph.

Ballooning mortgage payments and utility bills along with rising taxes are to blame. The Office For National Statistics suggests British families were losing an average of £22 each in the final quarter of last year.

This rather unimpressive news comes on the back of the disclosure that 5.3 million people would be worse off as a result of the Chancellor’s Budget last week.

Citigroup’s Michael Saunders puts it nicely: “The fruits of growth continue to go chiefly to the Chancellor and corporate profits, and not consumers”.

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Cash On A Plate

Put away your tuxedos, party dresses and best hooray-henry guffaws, the era of the Tory fund-raising bash could be over.

The Mirror reports that the Conservatives are facing a ban on ‘cash for dinners’ banquets by the over-worked Commons Sleaze watchdog.

Reports claim that the party of Opposition have raked in over £1 million a year from their ‘lavish feasts’ in the House of Commons dining rooms, with voice-of-the-people David Cameron thought to have raised £100,000.

However, Standards Commissioner Sir Philip Mawer is likely to outlaw the practice and give the Tories a slap on the

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Posted: 29th, March 2007 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink