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George Osborne claims the poor economy would have a lasting effect on the Tories if they win the next election
UK finances a straitjacket: Osborne

The poor state of the British economy will impose a "straitjacket" on an incoming Conservative administration for several years if the party wins the next election, shadow chancellor George Osborne has warned. Mr Osborne told The Guardian that the "complete economic mess" left by Gordon Brown would "cast a long shadow" over British politics, prompting the Tories to think "very hard" about what they will do in government.

Latest news headlines

Press Association

pa.press.net - 08.09.2008 02:24

A quarter will be in fuel poverty by next year, figures suggestAlmost a quarter of the population will be in fuel poverty by next year and those on low incomes will be especially badly hit, new figures have showed. A report published by the National Housing Federation shows that by the end of 2009 5.7 million UK households will be spending at least 10% of their annual income on energy bills - an increase of 100% since 2005.

pa.press.net - 08.09.2008 02:24

A car drives through flood water on the A167 in NewcastleTorrential rains which lashed the country over the weekend have eased off, but forecasters have warned of more floods to come. Clear skies are likely to be the calm before another storm.

pa.press.net - 08.09.2008 02:24

British mortgage experts have welcomed the takeover of Fannie Mae and Freddie MacBritish mortgage experts have welcomed the historic US government takeover of mortgage giants Fannie Mae and Freddie Mac. The Bush administration has announced it is taking control of the two institutions to avert the potential for major financial turmoil.

pa.press.net - 08.09.2008 02:24

Rokeby Drive, Parsons Cross, Sheffield, where an man was stabbed to deathA teenager stabbed to death after rival "postcode" gangs clashed at a girl's birthday party has been named by sources as Dale Robertson. A gang of up to 40 youths, some armed with baseball bats and knives, fought running battles in the street in Sheffield on Saturday night, it was claimed.

pa.press.net - 08.09.2008 02:24

Andy Murray is through to the US Open finalTennis ace Andy Murray has continued a glorious period for British sport as he qualified for the US Open final. The Scottish firebrand held his nerve to beat world No 1 Rafael Nadal 6-2 7-6 4-6 6-4.

ITN

ITN - 07.09.2008 22:29

More floods on their way (© ITN 2008)Forecasters are warning more floods are on their way after a weekend of torrential rain.Monday's clear skies are likely to be the calm before more storms, as another depression brings heavy rain across Northern Ireland, the North East, Wales and southern Scotland.

ITN - 07.09.2008 18:18

Teen dies after 'postcode' stabbing (© ITN 2008)A teenager was stabbed to death after rival "postcode" gangs clashed at a party, witnesses said.A gang of up to 40 youths armed with baseball bats and knives fought running battles in the street in Sheffield on Saturday night, it was claimed.

ITN - 07.09.2008 18:31

Second arrest over forecourt murder (© ITN 2008)Police investigating the fatal stabbing of a 17-year-old boy have made a second arrest.Courtney Eaton died following an argument near a petrol station forecourt in Salford, Greater Manchester, on Friday night.

ITN - 07.09.2008 17:56

Immigration quotas ruled out (© ITN 2008)Ministers have rejected proposals for a cap on immigration set out in a cross-party report.The new parliamentary think-tank on migration is expected to call on the Government to slash the number of non-EU migrants who are allowed to stay in the UK permanently after their work permits expire.

ITN - 07.09.2008 16:21

Unions join forces as strike looms (© ITN 2008)The Government is facing a series of fresh attacks from unions as civil servants threaten to strike.The Public and Commercial Services (PCS) Union said around 270,000 of its members across the UK working in every Government department will vote later this month on three months of industrial action that will extend into the New Year.

Reuters

REUTERS - 08.09.2008 00:49

U.S. seizes Fannie and Freddie (© REUTERS2008)By Glenn Somerville WASHINGTON (Reuters) - The U.S. government on Sunday seized control of mortgage finance companies Fannie Mae and Freddie Mac, launching what could be its biggest bailout ever in a bid to support the U.S. housing market and ward off more global financial market turbulence.

REUTERS - 08.09.2008 00:28

Hurricane Ike lashes Cuba on way to Gulf of Mexico (© REUTERS2008)By Jeff Franks HAVANA (Reuters) - High winds and heavy rains whipped eastern Cuba on Sunday as Hurricane Ike closed in after adding to the misery and deaths in Haiti and ripping through the southern Bahamas on a path to the oil-rich Gulf of Mexico and possibly New Orleans.

REUTERS - 07.09.2008 17:14

Unions urge Labour unity as threaten more strikes (© REUTERS2008)By Matt Falloon BRIGHTON (Reuters) - The Labour party must stop infighting and do more to ease the economic downturn, union leaders said on Sunday, threatening further strikes this year over public sector pay.

REUTERS - 07.09.2008 15:43

Prison staff details go missing in latest data loss (© REUTERS2008)By John Joseph LONDON (Reuters) - The personal details of thousands of prison staff working in England and Wales have been lost by a government contractor in the latest data security breach to embarrass the British government.

REUTERS - 07.09.2008 11:12

Nationwide in merger talks with rivals (© REUTERS2008)LONDON (Reuters) - Nationwide Building Society, one of Britain's biggest home-loan leaders, said on Sunday that it was in advanced talks over proposed mergers with both the Derbyshire and the Cheshire Building Societies. The Nationwide, Britain's largest building society, has 179 billion pounds of assets and around 900 branches. Thus compares with the Derbyshire with 7.1 billion pounds of assets and 50 branches, and the Cheshire with 5 billion pounds of assets and 45 branches.

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Murray through to US Open final (© ITN 2008)
Murray through to US Open final

Andy Murray has reached his first Grand Slam final after beating world number one Rafael Nadal.The Scot ground out a 6-2 7-6 4-6 6-4 victory at the US Open in a semi-final that began on Saturday and ended more than 24 hours later after being interrupted by Tropical Storm Hanna.

ITN - 07.09.2008 18:29

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The week in pictures (Image © Lefteris Pitarakis/PA Wire/PA Photos)
The week in pictures

Life through a lens is our regular round-up of the most striking images from the last seven days.

Also in MSN News today

Next year’s Sats tests could be last, says Schools Secretary Ed Balls
Sats 'set to be scrapped next year'

Next year's Sats tests could be the last, Schools Secretary Ed Balls has signalled. Mr Balls said that the system of national tests taken by around one million children aged seven, 11 and 14 across England each May was "not set in stone" and may be replaced by assessments tailored to each child's ability level.

pa.press.net - 07.09.2008 19:25

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Dancing stars in Eurovision contest

Strictly Come Dancing pair Louisa Lytton and Vincent Simone will represent the UK at Saturday night's Eurovision Dance Contest. The former EastEnder and her professional partner have gone back to the ballroom for the second outing of the dancing tournament.

pa.press.net - 07.09.2008 19:01

Also in MSN News today

Rachel is the winner of BB9
Rachel wins Big Brother

Rachel won the ninth series of Big Brother tonight, walking away with the £100,000 prize. The 24-year-old trainee teacher, from Torfaen in South Wales, beat Mikey to win the title. The result had been too close to call all night, with the bookies' favourite regularly changing.

pa.press.net - 07.09.2008 19:01

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Credit crunch crime

  1. Do you think the economic downturn will fuel crime, illegal immigration and terrorism?
    1. Yes. As the credit crunch worsens, more people are bound to break the law.
      74%
    2. No. Soaring prices don't automatically trigger social collapse.
      22%
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