Hopes that official figures out tomorrow will show that the economy is growing once again were boosted as new figures indicated that the manufacturing sector had "turned the corner", reports The Times.
The Government is hoping that the figures are positive, as they come only weeks ahead of the Chancellor's much-anticipated Pre-Budget Report. Full story...
Gordon Brown yesterday slapped down a call from the Governor of the Bank of England, Mervyn King, that the big banks should be broken up and state support for their investment banking activities - so-called "casino banking" - should be withdrawn, according to The Independent.
Challenged on the issue at Prime Minister's Questions, Mr Brown said of Mr King: "He has got to remember that Northern Rock was effectively a retail bank and it collapsed. Full story...
Cutting benefits for the middle classes including child benefit and free television licences given to the elderly would save the taxpayer £31 billion a year, says The Telegraph.
In a report, the right-leaning Reform calculated that eliminating the cost of welfare bills for middle and high earners, who are also eligible for maternity pay, tax credits and state pensions, could fill the black hole in the public finances. Full story...
Office of Tax Simplification review
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