Tag Archives: George Osborne

Announcing today’s Autumn Statement was undoubtedly one of the biggest challenges of George Osborne’s chancellorship. The backdrop for the budgetary statement was one of economic gloom and doom, and after 18 months in power, criticism of the Conservative-Liberal Democrat Coalition’s austerity plan to rescue the economy has intensified. Mr. Osborne had to prove that the government can successfully steer the UK economy away from the brink of another recession. Faced with this challenge, the Chancellor also had to consider the British population’s need for extra cash in their pockets, and UK businesses’ need for greater access to funds and investment. Importantly, as the Eurozone crisis continues to engulf the continent, Mr. Osborne had to demonstrate to the markets that Britain had a plan to tackle its debt and would continue to meet its financial commitments.