Chancellor's claim on job creation is highly misleading.
Now US confidence plummets.
The Chancellor can no longer sit idly by.
Naive politics will always have to deal with economic truths. And the latest data leaves Osborne, and the rest of us, with much to fear.
One extra bank holiday can't explain the dramatic decline in working hours.
It's hours of work that matter. Fewer hours means less income.
Hours worked are down, the claimant count is up, fewer jobs are going and labour output is down.
The new IMF boss's comments make awkward reading for George Osborne.
The Chancellor's policies are in disarray; he needs to change tack -- and fast.
Many forecasters now expect growth to be just 1.3 per cent in 2011, down from the original OBR forecast of 2.6 per cent.