Is George Osborne questioning capitalism?

Is George Osborne joining other Tories who have lately voiced concerns about capitalism, indeed is he suggesting capitalism itself is “morally repugnant”?

Another day, another downgrade

UK fourth quarter GDP last year was downgraded this morning to a 0.3% shrinkage from 0.2%, with growth for the whole year revised down from 0.8% to 0.7%.