Chancellor George Osborne delivered his Autumn Statement on Wednesday against a far bleaker economic backdrop than seemed likely when he took office in 2010.
It goes from bad to worse: the government’s ludicrous assertion that delaying the national rates revaluation is good news for business is unravelling faster than Eric Pickles orders his beloved curry.
Ministers aimed another kick in the teeth at long-suffering retail and property-owning businesses by delaying the 2013 revaluation for the business rates system last week (analysis).
When prime minister David Cameron commissioned TV personality Mary Portas to review the future of the high street, he may have been seeking “blue sky” thinking that a conventional expert could supply.