sam boyd | politics

Posts Tagged ‘autumn statement

Austerity till 2017 – and that’s the best-case scenario

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5 December 2011

So the shifting sands of last Tuesday’s autumn statement have had nearly a week to settle. We now know that the government will miss its self-imposed target to eliminate the structural budget deficit by 2015, Osborne will borrow £158bn more than originally planned, and austerity will be extended two years beyond the next election to 2017. The Tories, and probably the Liberal Democrats, will go into 2015 promising not balanced books and tasty tax cuts, but £30bn of further spending cuts. This was not the path intended. Read the rest of this entry »

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Written by Sam Boyd

December 5, 2011 at 4:46 pm