and what have we learnt from the mr. osborne's autumn statement?
we learnt that they have no idea what they are talking about.
by 'they' i mean all the experts, and not just mr. osborne. they all pretend like economics is somehow scientific, yet pretty much each week they change their views on what is going to be happening in the next year or month.
even the welcome news that mr. osborne and his chums are going to pump £5bn into the economy for 'shovel-ready' projects is tempered by the idea that he wants to get a further £20bn from british institutions.
this would be a little like he was expecting the private sector to step up and employ all the people he was going to make unemployed. we knew then it wouldn't happen and we can pretty much guess that the £20bn isn't going to be forthcoming.
look at the OECD or the ratings agencys and tell me that they are not making it up as they go along. it is a bloke on the roof licking his finger and hoping to get a message from the wind.
they just don't know what they are talking about.