05 Dec '12, 4pm

3 things you need to know about today's #AutumnStatement

3 things you need to know about today's #AutumnStatement

The reality is a 1.1% shrinking. That shrinking means, in turn, Osborne has failed in his sole economic task: to hit his two targets on government debt, and the deficit. He can pretend to have hit the deficit by stretching the number of years over which the target applies – exactly the kind of statistical chicanery that Osborne was so sharp on in Opposition, and exactly the kind of meddling the “independent” OBR was meant to avoid. The debt figure is harder to avoid. Osborne was forced to admit he has missed his own national debt targets.

Full article: http://www.neweconomics.org/blog/2012/12/05/3-things-you-...

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