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An evaluation and the details of the Chancellor Norman Lamont's speech is presented. A full citation of the speech is also included. The speech was in effect a full budget, aimed at stimulating the economy and prommoting growth. Interest rates have been reduced by 1% and the government has maintained its determination to keep public spending low.

An evaluation of Norman Lamont, the UK Chancellor's budget of March 1992 is presented. He has announced that a lower rate of taxation for the lower paid of 20% for the first 2,000 pounds sterling of taxable income will be introduced. Pensioners will have their allowance increased and the tax on new cars has been suspended to try to stimulate the industry. The government claims that the budget defecit will increase in the year 1992 to 1993. Exise duties on tobacco and leaded petrol have also been incresed.

Market nervous ahead of year-end Eurozone end-of-year financial market tensions have been highlighted by the European Central Bank's failure to reabsorb funds it has spent on buying government bonds to [...]

The European Central Bank increased its intervention in government bond markets last week, indicating that the euro's monetary guardian remained wary of an escalation of the eurozone debt crisis. Purchases [...]

But dependency levels remain high The European Central Bank has taken another step towards weaning banks off its exceptional liquidity support after draining [euro]25bn ($33bn) from the financial system this [...]

German companies' access to credit is better than at any time since the global financial crisis erupted, with favourable financing conditions fuelling a boom in domestic demand in Europe's largest [...]

Cold hits German Christmas markets Overall outlook remains strong Severe winter weather has tested shoppers' endurance, especially at Germany's outdoor Christmas markets, and has led to travel chaos and construction [...]

Purchases at lowest level in seven weeks The European Central Bank scaled back significantly its government bond purchases last week, leaving the eurozone debt crisis in a holding pattern ahead [...]

Night curfews lifted and refunds offered Similar disruption across Europe Night curfews were lifted and ticket refunds offered at Heathrow on Monday as authorities took a series of unusual steps [...]

Fear legal flaws could affect collateral rights The European Central Bank has expressed concern that Ireland's rushed bank rescue package may interfere with the Frankfurt institution's operations to provide funds [...]

No pledge to boost cash for bail-outs Initiatives to tackle crisis avoided European heads of government vowed that the eurozone's bail-out fund would always have the financial clout to rescue [...]

The European Central Bank has announced a [pounds sterling]10bn lifeline to help shore up Ireland's banks system just hours after a sharp credit-rating downgrade threatened to undermine confidence in the [...]

David Cameron hailed as 'incredibly significant' a deal between Britain, France and Germany to back a real-terms freeze in the European Union budget until 2020, but the initiative caused tensions [...]

Investor sentiment Eurozone countries have been sent a bill for the increasing risks being borne by the European Central Bank as it acts to restore investor confidence in the continent's [...]

Banks, public authorities and utilities in the 16-country eurozone will be forced to speed up their switch to a more efficient pan-European payment system after Brussels set deadlines for adopting [...]

Move aims to boost capital cushion Bundesbank would provide lion's share The European Central Bank plans to double the size of its own capital cushion in response to the increasing [...]

Focus on Irish and Portuguese debt 'Smart' intervention achieves big impact The European Central Bank ramped up its government bond purchases last week to the highest level since June in [...]

ECB policymaker cautious on buying Fears of danger to bank's independence European Central Bank action to calm tensions in eurozone bond markets must remain firmly controlled, otherwise the euro's monetary [...]

Mario Draghi has been here before. In the early 1990s, his native Italy was gripped by crisis. The public sector deficit had soared to more than 10 per cent of [...]

Jean-Claude Trichet, European Central Bank president, may enjoy a moment's light relief on Wednesday when he launches at a Frankfurt event two educational games introducing schoolchildren to the art of [...]

Interview Wolfgang Schauble German finance minister The link between opportunity and risk is spelled out to Quentin Peel and Ralph Atkins European monetary union is a new form of governance [...]

Fresh splits loom over turmoil in eurozone Vast joint debt market proposed Europe's leaders face fresh splits over how to tackle the eurozone's escalating crisis after being urged to create [...]

T he television talent shows that draw in millions of viewers across Europe put contestants through a series of ordeals - exposure to the glare of international publicity, live performances [...]

Trichet outlines careful but determined policy Borrowing costs fall for Lisbon and Dublin The European Central Bank launched its most aggressive intervention in government bond markets for seven months after [...]

ECB intervention The central bank chief's feint caught markets unawares and kept the crisis strategy on track, says Ralph Atkins Like a boxer wanting more power for his punch, the [...]

Borrowing costs Policymakers have several weapons in their fight to boost market confidence, but none would be easy to use. FT reporters weigh up five of the options The eurozone [...]

Purchase programme could be expanded Move aimed at driving down borrowing costs Markets should not underestimate Europe's determination to resolve the escalating eurozone crisis, Jean-Claude Trichet, European Central Bank president, [...]

Concessions Ireland refrained from taking action against private investors in its banks that could have sent further shocks across the eurozone in exchange for the European Central Bank continuing 'a [...]

Governing council The eurozone's escalating crisis has put the European Central Bank on guard ahead of its interest rate-setting meeting this week, leaving open the possibility it will shelve further [...]

Economy The financial picture looks very different from last year, says Ralph Atkins This has been the year of Germany's comeback. As 2010 draws to a close, Europe's largest economy [...]

European bank shares fell sharply amid growing speculation that even the highest-ranked bondholders in Irish banks could be forced to accept losses, leading to contagion throughout the financial system. Royal [...]

ECB expected to be cautious on liquidity A rebound in bank lending has provided fresh evidence of a broadening eurozone economic recovery but the escalating crisis triggered by Ireland will [...]

European bank shares fell sharply amid growing speculation that even the highest-ranked bondholders in Irish banks could be forced to accept losses, leading to contagion throughout the financial system. Royal [...]

Money Supply (Ralph Atkins): Berlin's approach - and that of the European Central Bank - to handling the eurozone crisis has come under strong attack from Peter Bofinger, economics professor [...]

Robust recovery German business confidence has soared to its highest level in at least 20 years, according to a survey that showed Europe's largest economy countering the gloom over other [...]

ECB The Bundesbank chief's trip is seen as significant as many in France oppose his candidacy, write FT reporters A visit to Paris by Axel Weber, Bundesbank president, has fuelled [...]

Jacques' Wine Depot in Kronberg, a sleepy Frankfurt suburb, does not usually open until 3pm on a weekday. But it has lately been opening its doors before then, and by [...]

Germany has powered a marked accleration in eurozone economic activity this month, according to a closely watched indicator that signalled the region's recovery was far from being blown off course [...]

Fed chief's reply closes a tough week Surplus countries, not QE2, blamed Ben Bernanke, chairman of the US Federal Reserve, had the last word at the end of a tumultuous [...]

Ireland As a humiliated Dublin government prepares to succumb to a bail-out, the European blame game has only just begun, write Dave Gardner, Tony Barber and Peter Spiegel Ireland's rugby [...]

Liquidity The European Central Bank has to create 'the right incentives' for governments to act against problem banks, Jean-Claude Trichet, the European Central Bank president, has said in a thinly [...]

Economic impact Crisis in 'periphery' countries will test the capacity of authorities to fight fires, says Ralph Atkins A eurozone country faces an escalating crisis. Europe's politicians argue and emergency [...]

Money Supply (Ralph Atkins): If Dublin successfully avoids using the European Union's rescue fund to resolve its banking and fiscal problems, it will probably win friends in Berlin. Germany's exact [...]

Help for 'peripheral' economies limited Cowen criticised over indecision The European Central Bank has stepped up its calls for swift action by Ireland to restore confidence in its banking system [...]