Justice minister, DGA chief discuss partnership to boost digital judicial services    Netanyahu does not rule out further strikes on Hamas leaders    US farmers are being squeezed – and it's testing their deep loyalty to Trump    Romania condemns 'irresponsible' Moscow after Russian drone breaches its airspace    Kirk's assassination is forcing US politicians to make difficult choices about their safety    India players refused handshakes, says Pakistan coach    Final stage of Spanish Vuelta cycling race abandoned after disruption by pro-Palestine protesters    Mané fires Al Nassr past Al Kholood to keep perfect start as Ronaldo honored    Lacazette brace earns NEOM SC first Saudi Pro League win    Adolescence star Owen Cooper makes Emmys history at 15    Saudi liquidity grows 8.4%, reaching SR3.1 trillion in July 2025    Over 434,000 people acquire first aid skills during nationwide health campaign    Saudi Arabia's legislative advancement highlighted at International Conference on Judicial Training    Sudden swerving among 3 major causes of accidents in Riyadh in 2024    Princess Haifa emphasizes pivotal Saudi role in shaping future of tourism    Sahm Capital names Saudi Olympian Fayik Abdi as brand ambassador    SR9000 fine for copyright infringement using AI    King Charles and Prince Harry finally reunite after 19 months apart    Anastacia: Arnold Schwarzenegger made me sing Whatta Man 12 times    Thousands pay their last respects to Giorgio Armani, private funeral on Monday    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Britain's Osborne urges opposition rebels to back new fiscal law
Published in Saudi Press Agency on 14 - 10 - 2015

AlHijjah 30, 1436, October 14, 2015, SPA -- British finance minister George Osborne on Wednesday urged opposition Labour Party lawmakers to rebel against their newly-elected leader, Jeremy Corbyn, and support a Conservative proposal to enshrine new rules on fiscal discipline in law, according to Reuters.
Parliament is due to vote later in the day on rules that commit the government always to target a budget surplus in 'normal' economic times - a move that he says is needed to cut the national debt and provide long-term economic security.
The policy has wrongfooted Labour's new left-wing leadership and allowed Osborne - seen as the frontrunner to succeed Prime Minister David Cameron - to try to exploit a rift between the opposition's socialist leaders and its more moderate lawmakers.
"I call on all moderate, progressive Labour MPs to defy their leadership and join with us to vote for economic sanity," Osborne said ahead of a parliamentary debate on the charter.
The 'Charter for Budget Responsibility' has been interpreted as an attempt to push Labour into either voting against its aims and facing accusations of poor fiscal discipline, or backing them and so lining up behind Conservative policy.
Labour finance spokesman John McDonnell last month said his party were not "deficit deniers" and would back the charter, drawing criticism from lawmakers who said it undermined their opposition to austerity.
Seeking to address those concerns, McDonnell reversed his position this week, calling on Labour to oppose the charter.
"I don't want the Labour Party associated with this policy," McDonnell said on Tuesday. "I realised the consequences of the government's failure to invest in infrastructure and skills, the cuts that are going to start coming now, I realised that people are actually going to suffer badly."
The U-turn prompted some Labour lawmakers to publicly question his strategy - exposing a split between the hard left leadership that won control of the party in September and moderates who fear a socialist agenda could make the party unelectable.
McDonnell's predecessor, the centre-left lawmaker Chris Leslie, said the party should abstain in the vote and focus on putting forward its own economic alternative.
Cameron's centre-right Conservatives won a surprise majority in a national election in May on a platform of delivering economic discipline through deep cuts to welfare and other government spending. They should be able to pass the charter without opposition support.


Clic here to read the story from its source.