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Autumn Statement: No miracle cure for economy - Osborne

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Chancellor George Osborne will tell MPs there is "no miracle cure" to the UK's economic problems when he delivers his Autumn Statement.

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Mr Osborne makes his statement to MPs against a gloomier economic background than forecast in March's Budget.

He will say the coalition are "confronting the country's problems" and insist he is not ducking the "hard work" of reducing the deficit.

Labour has called the government's economic policy "a terrible failure".

The chancellor will set out the state of the UK economy and his deficit-cutting programme from 12:30 GMT.

He is expected to say: "In this Autumn Statement, we show that this coalition government is confronting the country's problems, instead of ducking them.

"The public know that there are no miracle cures. Just the hard work of dealing with our deficit and ensuring Britain wins the global race."

http://www.bbc.co.uk/news/uk-politics-20600442

UK will cope with this, I am convinced.

Note: 5 December 2012 Last updated at 03:51 GMT

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

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Originally Posted by TLAM Strike (Post 1970720)

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

The answer is - more than this other Osborne. :yep:

Quote:

Originally Posted by TLAM Strike (Post 1970720)

Me as the ignorant American I am immediately thought "What does Ozzy know about economics?" :O:

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Originally Posted by Herr-Berbunch (Post 1970723)

The answer is - more than this other Osborne. :yep:

Must say I'm well happy he's dropped the proposed 3 pence extra duty on a litre of fuel :sunny:

How much cost a liter of petrol, where you live,:hmm2:

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Originally Posted by jimbuna (Post 1970750)

Must say I'm well happy he's dropped the proposed 3 pence extra duty on a litre of fuel :sunny:

Yeah, Sharon's started driving herself around a bit more nowadays so she had a word in his shell-like. :03:

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Originally Posted by Vendor (Post 1970771)

How much cost a liter of petrol, where you live,:hmm2:

£1.33

Quote:

Originally Posted by Herr-Berbunch (Post 1970772)

Yeah, Sharon's started driving herself around a bit more nowadays so she had a word in his shell-like. :03:

Oh we are sharp today :)

So there was,3 pence more before...

No, there was going to be an additional 3 pence levied

So now you can run longer trips, and more often, as it is cheaper.

Always could I don't drive my car all that much really.

Dropping the 3p rise on fuel dose not mean much as Opec can and will jack up the prices at the pump.

And I'm now poorer.

Plan A is not working, the crunch is extended onto 2018.

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Originally Posted by STEED (Post 1970800)

Plan A is not working, the crunch is extended onto 2018.

Hopefully then the Tories will have been sent to Oblivion :yep:

Quote:

Originally Posted by STEED (Post 1970800)

Dropping the 3p rise on fuel dose not mean much as Opec can and will jack up the prices at the pump.

And I'm now poorer.

Plan A is not working, the crunch is extended onto 2018.

Surely you benefit from the rise in the personal tax allowance :hmmm: