With the ONS cutting the UK growth rate and government borrowing now much higher than forecast the chancellor’s star appears to be waningGeorge Osborne’s year has ended with a bump. Like a Strictly Come Dancing finalist drunk on tall marks for his paso doble and tango,he has come unstuck on the final foxtrot.
Official growth figures have been downgraded for the third quarter, undermining boasts that the UK was marching hand in hand with the US as one of the best-performing economies in the western world. Continue reading...
Source: theguardian.com