To listen to the Chancellor, you would think that the UK is doing very well. It isn’t…
Since the beginning of 2008, the economy has contracted by about 3pc – the joint worst performance of any G7 country, except Italy. Of course, the Office of Budget Responsibility (OBR) forecasts a pick-up. It always does. It has also radically reduced its forecast for growth this year and next. That is also true to form. Why anyone takes these forecasts seriously defeats me.
Roger Bootle’s (Uk Telegraph) take on yesterday’s Autumn statement from George Osborne
