See this following link for Martin Wolf's verdict on the recent Autumn Budget statement:
The battle over the public finances will define Britain
UK's trend growth (productivity) may now be 1% per annum on average
Fiscal receipts (mostly tax revenue) is likely to rise from 35.5% of GDP to 36.2% by 2020.
"Public sector net debt is now too high"
"The case for achieving an overall fiscal surplus in the next parliament is not overwhelming."
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