George Osborne is having his worst day since the government won the election in May © Yui Mok/PA Wire/Press Association Images
Not a particularly good day for George Osborne as he has to face the realities of the voting down of his working tax credits legislation by the House of Lords. At the same time the first estimate for GDP for the third quarter of 2015 suggests a slowdown in growth as activity expanded by 0.5 per cent, below what the markets were forecasting and slower than the 0.7 per cent seen in the previous quarter. This leaves the level of …read more
Source: Prospect
