Autumn Statement: Proof that a lack of growth leads to carnage

Ouch. If you wanted to know exactly how expensive weak growth is to the economy, the Chancellor’s Autumn Statement has provided the answer. Crippling. Over the five years from 2011/2012 to 2015/2016, the Government will have to borrow £111bn more than had been expected just nine months ago. The reason? Because the Government will raise [...]