Autumn Statement  

In my article for the Courier, I looked at the Chancellor's Autumn Statement. Please feel free to leave comments below. This week the Chancellor delivered his Autumn Statement. The news was more serious and less positive than any of us would have hoped. Higher than expected inflation, sharp increases in global prices and the continued crisis in the euro area has impacted growth and made our recovery more challenging. A realisation of the scale of the economic circumstances we now face. But most important is the effect this situation has on people's lives. We need to focus more than ever on getting our deficit down so we turn interest on debt into investment in schools and hospitals. Otherwise the cost to families across the country will be huge. Just a 1% rise in the market interest rate could add £10 billion to mortgage bills – costing the average family around an extra £1,000...