Chancellor criticises BBC presenter after he said British economy was ‘ravaged by economic shocks’ and ‘stagnant’
Amol Rajan may have been understating the problems facing Britain in his question to Jeremy Hunt this morning (see 10.33am), if the Institute for Fiscal Studies’s assessment is anything to go by.
This is how Paul Johnson, the IFS director, opened his speech at the IFS presentation where its experts have been explaining the significance of what was announced yesterday.
Nothing that Jeremy Hunt did yesterday, nor anything the OBR said, changes anything very significantly. Which is a shame. Because that means we are still:
-heading for a parliament in which people will on average be worse off at the end than at the start,
