Blog posts for tag:spending review

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Chancellor’s Autumn Statement

By Lindsay Plumpton, Communications Leader, Friday 07 December 2012

Lindsay Plumpton

It’s the second biggest economic event in the Government’s calendar and this week George Osbourne made a series of important announcements in his Autumn Statement. Notably, the Chancellor stated that the Government will miss its own debt targets as the tougher economic conditions mean that it will take 4 rather than 3 years for debt to fall. However, he remained confident about the future and opened by saying that “it’s taking time but the British economy is healing” and that Britain is “on the right track.” He also reminded us that the UK has a greater proportion of people in work than the US or the Eurozone average.

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