Debate of the day: George Osborne delivers his ‘mini-budget’ on Wednesday. Tell us what economic measures you think he should be announcing
George Osborne has a tough week coming up. Ahead of this Wednesday’s autumn statement, in which the chancellor will update the country on the government’s plans for the economy, Larry Elliott writes in the Guardian:
“Booed at the Olympics. Author of the worst received budget in memory. In charge when the economy plunged into its first double-dip recession since the 1970s. It has been a year to forget for George Osborne. And it is about to get worse.
The biggest week of the chancellor’s two and a half year stint at the Treasury began on Sunday with a dogged ‘no turning back’ performance on The Andrew Marr Show. It will culminate on Wednesday when he delivers his autumn statement.”
“It’s going to make acutely uncomfortable listening,” says Jeremy Warner in the Telegraph.
So what will Osborne announce? The Times (paywalled article) rounds up the various proposals being floated in the papers over the weekend, pointing to the political positioning going on behind the scenes.
“David Cameron has refused to sanction the new property taxes that Nick Clegg has pushed for, including any new council tax bands for properties over £1 million. In turn, Mr Clegg rejected a Tory proposal to take housing benefit away from under-25s. Liberal Democrats also appear to have fought off Tory pressure for a freeze on work-related benefits. Non-pensioner benefits are likely to be increased next year by about 1 per cent, below September’s benchmark 2.2 per cent inflation figure.”
What would you like to see in the chancellor’s autumn statement on Wednesday?
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