George Osborne delivered his Autumn Statement on Thursday, stating that the UK’s growth is now more rapid than that of any other major economy – “Britain’s economic plan is working but the job is not done,” he said. Announcing that the Office for Budget Responsibility has more than doubled its growth forecast for this year from 0.6 per cent to 1.4 per cent, the chancellor said the country’s debt was now £18bn lower than forecast back in March. But he cautioned that ‘more difficult decisions’ lie ahead and that austerity measures will continue as planned. In response, the IoD’s chief economist, … Read More »
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