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Osborne May Not Be Able To Clear Deficit By Next G E

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Chancellor 'Could Miss Deficit Deadline'
The Chancellor's strategy to eliminate the national deficit by the next election is facing criticism from the Institute for Fiscal Studies.
The annual Green Budget, compiled by the IFS (E1:I49.SI - news) and Barclays (LSE: BARC.L - news) ' analysts seven weeks before George Osborne's Budget speech, raises concerns about an apparent lack of flexibility in the Government's approach.
It highlights
below-par growth and "formidable" difficulties
delivering cuts as particular worries for Chancellor George Osborne in the longer term.

It all stands or falls on the direction of HPI which is our growth engine. If the last "growth" figures were a guide, Osborne is doomed to fail.

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What's the betting that Boy George and the 'Koalishon' in a few months will realise that Britons are only interested in rising house prices and securing more debt to pay for trinkets and thus try to pump up more asset bubbles via more QE?

Oh services PMI out tomorrow (manufacturing is irrelevent these days), predicting bad news :( *

* :)

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  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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