The British people “just got a lot poorer” after a series of “economic own goals” that have made a recovery much harder than it might have been, a leading thinktank has said.
- Anna Isaac
- The Guardian
In his verdict on the chancellor’s autumn statement, Paul Johnson, the director of the Institute for Fiscal Studies (IFS), said the government was “reaping the costs of a long-term failure to grow the economy”, along with an ageing population and high levels of historic borrowing.
Effects of deep spending cuts won’t be felt until after the next election…