Autumn Statement 2014: Forget a new fiscal rule – George Osborne should beef up the Office for Budget Responsibility to ensure real prudence George Osborne has made his name with a commitment to fiscal prudence, backed up by tough cuts to public services. In today’s Autumn Statement, he is expected to reinforce that reputation by announcing a formal target, backed by law, to eliminate the current structural deficit by 2017-18, a year earlier than previously forecast. There are [...]
