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This morning (22 March 2012) Chancellor George Osborne is mainly taking stick for his so-called 'granny tax' - as the tabloids put it. That is the tax adjustments which mean that 4.41 million pensioners lose money and the Treasury claws back some £1.2 billion.
George Osborne's latest budget has reconfirmed Britain's prolonged collapse in economic activity, as he thrashes around for supply-side "solutions".
The Autumn Statement reveals but one thing: the Chancellor and his advisers are both ill-advised and dangerously ill-prepared for the forthcoming prolonged Depression.