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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.
Welcome to the parallel universe of David Cameron. It is a world in which the Tories stand up for the poor, lead the fight against dictatorship and stop people from being given benefits on demand. It is a world that exists in a conference hall in Manchester this week, in a few daily papers the rest of the time, and in the less well-informed parts of the right-wing blogosphere. It has nothing in common with the world that most of us live in.