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Despite some truly grim economic statistics, Chancellor George Osborne will attempt to deflect criticism for the failings of austerity economics in his Autumn Statement today, blaming the world economy and the last government.
In 2008, the banks collapsed, and everything changed. The then Labour government, anxious to avoid economic meltdown paid billions to bail them out whilst starting on a programme of public sector cuts that would only increase under the Coalition.
"With fresh figures showing a return to economic growth over last year, George Osborne has a spring in his step. Growth is back, jobs are being created; his plan is vindicated in time for today's budget. There’s work still to do, but he’s building a 'resilient economy' he believes.
As usual, Ekklesia will offer running budget comment, analysis and response (http://www.ekklesia.co.uk/budget2014) today and tomorrow (19-20 March 2014) - highlighting especially the moral and social issues, alternative economic perspectives, the response of charities, NGOs and faith groups, and emerging policy questions.
World Book Day is 6 March in 2014 throughout Britain and Ireland. In other parts of there world it is sometimes marked in April.