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Budget

‘Ruble drop- continuation of global credit crisis’
A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.

18.12.2014 15:02

Brussels: Austerity is for the little people
With remarkable timing as nations look at belt tightening, the EU decides to expand its contentious budget once again...

12.12.2014 20:36

​Congress approves plan to train Syrian rebels in defense bill
Congress overwhelmingly passed a new defense spending bill that will allow the Pentagon to carry out its budding plan to arm and train rebel groups in Syria as part of the military campaign against Islamic State militants.

13.12.2014 01:42

House votes to avoid govt shutdown, passes $1trn spending bill
The House of Representatives voted to pass a massive spending bill that will keep the government running into next year, narrowly avoiding a shutdown as Republicans and Democrats spent the night at odds over various provisions.

12.12.2014 02:21

UK 4th in Europe for standard of living, crushing inequalities remain
Living standards in the UK are the fourth highest in the EU, according to new figures. The release of the Eurostat report comes as Shadow Chancellor Ed Balls warns the latest austerity measures could plunge the UK into a new depression era.

11.12.2014 13:04

Endless austerity: £55bn ‘colossal cuts’ loom, Institute of Fiscal Studies warns
Following Chancellor George Osborne’s pledges in the Autumn Statement to raise NHS spending and maintain the “fast” recovery of the economy, a study from the Institute of Fiscal Studies (IFS) warns Britons will face “colossal” spending cuts.

05.12.2014 11:08

C’est fini: France plans to limit salaries to biggest film stars
France's state-owned cinema body has come up with a decision to take measures against the country's 'too demanding' film stars. According to the new rules, an actor, director or screenwriter can only get 990,000 euro maximum in a state-funded film.

04.12.2014 19:36

Autumn austerity: Osborne asks to ‘finish the job,’ accused of unreality
British Chancellor George Osborne unveiled his final Autumn Statement of this parliament on Wednesday, arguing he was on course to reduce the UK’s budget deficit and that his austerity policies had strengthened the economy.

03.12.2014 15:03

Gravy train: Retired EU president Van Rompuy gets a whopping $600k+ payoff
Herman van Rompuy, the former president of the European Council, is to get over £400,000 (over $620,000) of EU taxpayers’ money over the course of three years after his retirement, the UK’s Independent newspaper revealed.

02.12.2014 14:10

Islamic academy in Birmingham 'used £1m public money' to build Pakistan school
Claims that an Islamic academy in Birmingham used £1 million of British taxpayers’ money to set up a faith school in Pakistan are being investigated by a local authority.

02.12.2014 15:01

Low oil prices OK for Russian economy due to currency rates – minister
The current oil price – about $70 per barrel – is acceptable for Russia and will not cause internal crisis, Aleksey Ulyukayev, minister of economic development, says. The price that matters for the budget is in rubles, which is balanced by currency rates.

29.11.2014 18:44

Russia not planning to reduce oil production – Deputy PM
Moscow is to stay in line with OPEC’s decision not to cut oil production, said Russia's First Deputy PM. The move serves to secure the country’s position on the market and protect the budget.

29.11.2014 12:59