Osborne proved the doommongers wrong – the economy is even worse than we predicted
The economy has done even worse than Osborne’s critics on the left feared – and now we all have to pay the price.
The economy has done even worse than Osborne’s critics on the left feared – and now we all have to pay the price.
If the government misses its targets for growth and spending, it will be forced to cut further – making the bad times worse. Oh Goodee!
Speaking ahead of George Osborne’s autumn statement, Ed Miliband launched a scathing attack on the chancellor’s economic record, competency and strategy today.
Alex Hern questions why the Treasury secretaries are denying claims on borrowing that their own department put out.
Are low bond yields good news? Not really: Cormac Hollingsworth explains that, although they can be a representation of belief in a government’s ability to pay back debt, in this case they merely represent the dearth of alternative investment options.
The latest figures on growth (or lack of) are bad for the government’s deficit reduction plan; the government is terrible at cutting borrowing generally.
The IMF downgrades to UK growth today is awful news for those who are hoping to cut the deficit, explains Left Foot Forward’s Cormac Hollingsworth.
While the coalition is pointing to not needing to borrow in July, the City now expects the coalition to borrow £10 billion more than the OBR prediction.
If the economy continues to stagnate, the coalition could borrow more than Labour this year, writes Cormac Hollingsworth.
George Osborne’s lack of a growth strategy could easily undermine his deficit reduction plans, writes Duncan Weldon.