The Chancellor is making growth less likely, not more.

The author discusses the extension of an austerity programme, initiated by the British politician George Osborne, following the release of financial forecasts from the Office for Budget Responsibility in Great Britain in the fall of 2012. According to the author, the policies and economic strategies of Osborne have failed. Topics include the economic conditions in Great Britain, the Bank of England, and the economic impact of federal budget cuts.