The Autumn Statement: There are bigger challenges awaiting George Osborne
Being Chancellor of the Exchequer has never been an easy job. The bad news is that it will get worse. Britain needs a fundamental re-think of its economic policy, in view of changes in the structure of society and the world economy. The more urgent problem is to get the country out of recession and restore balance in the government’s accounts. This was the Chancellor’s focus in his autumn statement. But the problems that he had to deal with are closely linked to the longer-run dilemmas that sooner or later he will have to face.