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Pressure grows on foreign tax policy

Alistair Darling has come under renewed pressure over corporate tax as the insurance industry warns that the UK risks 'being unable to compete in a globalised world'

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Olympics and Crossrail to be protected from credit crisis

The Olympics, Crossrail and other vital Government projects will not suffer because of the poor state of Government finances and the credit crisis, Alistair Darling has assured Cabinet colleagues.

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Rewriting the Fiscal Rules

For the whole of his chancellorship, Gordon Brown boasted about his strict adherence to the so-called "Golden Rule" about borrowing limits. Now he and Alistair Darling are talking about changing the rules which govern fiscal policy, including the "Golden rule". In the short term this may appear to be bad news for the country but good news for the Conservatives as it clearly demonstrates the failure...

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Boom boom

A driver is stuck in a traffic jam on the motorway. Nothing is moving. Suddenly a man knocks on the window. The driver rolls down his window and asks, 'What's going on?' 'Terrorists down the road have kidnapped Gordon Brown, Alistair Darling, David Miliband, and Jack Straw. They're asking for a £10 million ransom. Otherwise they're going to douse them with petrol, and set them on fire. We're going...

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Chances are the difference is Darling...

As the credit crunch bears down on companies and consumers, most of us appreciate a laugh to lighten the load. So hats off to Alistair Darling for cutting through the gloom to serve up a rib-tickling slice of tragic irony.

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Sean O'Grady: The unfortunate fall guy for Gordon Brown

Alistair Darling always reminds me of one of those contestants on The Apprentice, the type who are sensible, who never do anything wrong and whose team leader regularly lets them down – but who you know is going to get fired by Sir Alan Sugar. There's plenty that has gone wrong at the Treasury since Mr Darling took over a year ago, but not much that can be blamed directly on him, poor man. Losing...

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Downturn fallout 'worse than expected'

BRITISH Chancellor of the Exchequer Alistair Darling said fallout from a global credit crunch is proving worse than previously expected, a sign that UK policy makers are bracing for slower growth.

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Yet another Treasury U-turn

The Telegraph has a nice report on Alistair Darling's latest U-turn, this time on the matter of taxing the foreign profits of UK based companies. You can read all the details in the Telegraph article but I reproduce here a handy list of Alistair Darling/Gordon Brown's recent U-turns:" 1 Fiscal rules: Treasury to reconsider Gordon Brown’s two closely watched borrowing rules. 2 2p fuel tax. 3 Abolition...

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Darling expected to drop plans to tax foreign gains

Alistair Darling, the Chancellor of the Exchequer, is widely expected to announce the abandonment of plans to tax the foreign profits made by British firms later this week.

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Alistair Darling and his Treasury U-turns on multinationals' tax

The Chancellor's latest change of mind on reforming company taxation leaves the Treasury facing a dilemma, writes Edmund Conway.

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Steve Richards: A big step forward on the path to welfare reform, but there is difficult terrain ahead

Thank goodness the Chancellor Alistair Darling is planning to break the Government's needlessly restrictive golden rules. When he hinted last week that he would borrow more than the rules allow, all hell let loose. It was as if we had fallen out of the ERM and been taken over by the International Monetary Fund at the same time. Yet the eruption of disdain buried something more significant. Darling...

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Another day, another U-turn

George Osborne has criticised the Government's "complete absence of direction" after Alistair Darling was forced into another U-turn.

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Darling bows to big business in new tax U-turn on foreign profits

Alistair Darling will carry out another U-turn on tax this week by abandoning new moves to tax foreign profits made by British firms.

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Treasury denies scrapping foreign profits tax reforms

LONDON (Reuters) - Chancellor Alistair Darling is not about to scrap plans to reform the foreign profits tax regime despite media speculation to the contrary, the Treasury said on Monday.

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Darling bows to big business in new tax U-turn on foreign profits

Alistair Darling will carry out another U-turn on tax this week by abandoning new moves to tax foreign profits made by British firms.