10 pieces of bad news that Osborne left out of his Autumn Statement

The small print shows that the economy will shrink in the current quarter and that unemployment will rise next year.

As ever, you had to scour the small print to find the bad news that George Osborne chose to leave out of his Autumn Statement. So here, complete with references to the OBR document, are the ten stats that the Chancellor would rather you didn't know.

1. The economy is expected to shrink in the current quarter, with the OBR forecasting a contraction of 0.1 per cent. (p. 48 OBR document). It states that "headline GDP growth is likely to be negative in the final quarter of 2012 as the effect from the Olympics reverses." The day before the last set of growth figures were released, Cameron boasted that "the good news will keep coming". It's now clear that it won't.

2. Despite the government's promise to "make work pay", sixty per cent of the real-terms cut to benefits (they will rise by just 1 per cent for three years) will fall on working households. (Resolution Foundation) A working family on £20,000 with two children will lose £279 a year from next April.

3. The recent fall in unemployment is expected to be reversed as the jobless total rises from 2.5 million to 2.7 million next year. (p. 83 OBR document)

4. Were it not for the inclusion of the expected £3.5bn receipts from the 4G spectrum auction - which hasn't taken place yet - the deficit would be higher this year (£123.8bn) than last year (£121.4bn). (p. 5 OBR document).

5. The measures announced yesterday by Osborne are expected to increase GDP by just 0.1 per cent over the forecast period. (p. 51 OBR document). This was no Autumn Statement for growth.

6. Earnings are forecast to rise at a slower rate than inflation until the second quarter of 2014. (p. 86 OBR document). By then, the median full-time wage will be 7.4 per cent below its 2008 level.

7. Public sector job cuts will reach 1.1 million by 2018 (p. 83 OBR document), reducing government employment to its lowest level in post-war history.

8. An extra 400,000 people will be dragged into the 40p tax band by 2015-16, paying an extra £117 per year.

9. The government is expected to lose £16.5bn on its stakes in the Royal Bank of Scotland and Lloyds, up from an estimate of £14.3bn in March. (p. 162 OBR document).

10. Osborne's decision to cut the top rate of income tax from 50p to 45p means the 8,000 people earning a million pounds or more will receive an average tax cut of £107,500 from next April.

George Osborne leaves number 11 Downing Street for the Treasury on December 5, 2012 in London. Photograph: Getty Images.

George Eaton is political editor of the New Statesman.

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Boris Johnson is right about Saudi Arabia - but will he stick to his tune in Riyadh?

The Foreign Secretary went off script, but on truth. 

The difference a day makes. On Wednesday Theresa May was happily rubbing shoulders with Saudi Royalty at the Gulf Co-operation Council summit and talking about how important she thinks the relationship is.

Then on Thursday, the Guardian rained on her parade by publishing a transcript of her Foreign Secretary, Boris Johnson, describing the regime as a "puppeteer" for "proxy wars" while speaking at an international conference last week.

We will likely never know how she reacted when she first heard the news, but she’s unlikely to have been happy. It was definitely off-script for a UK foreign secretary. Until Johnson’s accidental outburst, the UK-Saudi relationship had been one characterised by mutual backslapping, glamorous photo-ops, major arms contracts and an unlimited well of political support.

Needless to say, the Prime Minister put him in his place as soon as possible. Within a few hours it was made clear that his words “are not the government’s views on Saudi and its role in the region". In an unequivocal statement, Downing Street stressed that Saudi is “a vital partner for the UK” and reaffirmed its support for the Saudi-led air strikes taking place in Yemen.

For over 18 months now, UK fighter jets and UK bombs have been central to the Saudi-led destruction of the poorest country in the region. Schools, hospitals and homes have been destroyed in a bombing campaign that has created a humanitarian catastrophe.

Despite the mounting death toll, the arms exports have continued unabated. Whitehall has licensed over £3.3bn worth of weapons since the intervention began last March. As I write this, the UK government is actively working with BAE Systems to secure the sale of a new generation of the same fighter jets that are being used in the bombing.

There’s nothing new about UK leaders getting close to Saudi Arabia. For decades now, governments of all political colours have worked hand-in-glove with the arms companies and Saudi authorities. Our leaders have continued to bend over backwards to support them, while turning a blind eye to the terrible human rights abuses being carried out every single day.

Over recent years we have seen Tony Blair intervening to stop an investigation into arms exports to Saudi and David Cameron flying out to Riyadh to meet with royalty. Last year saw the shocking but ultimately unsurprising revelation that UK civil servants had lobbied for Saudi Arabia to sit on the UN Human Rights Council, a move which would seem comically ironic if the consequences weren’t so serious.

The impact of the relationship hasn’t just been to boost and legitimise the Saudi dictatorship - it has also debased UK policy in the region. The end result is a hypocritical situation in which the government is rightly calling on Russian forces to stop bombing civilian areas in Aleppo, while at the same time arming and supporting Saudi Arabia while it unleashes devastation on Yemen.

It would be nice to think that Johnson’s unwitting intervention could be the start of a new stage in UK-Saudi relations; one in which the UK stops supporting dictatorships and calls them out on their appalling human rights records. Unfortunately it’s highly unlikely. Last Sunday, mere days after his now notorious speech, Johnson appeared on the Andrew Marr show and, as usual, stressed his support for his Saudi allies.

The question for Johnson is which of these seemingly diametrically opposed views does he really hold? Does he believe Saudi Arabia is a puppeteer that fights proxy wars and distorts Islam, or does he see it as one of the UK’s closest allies?

By coincidence Johnson is due to visit Riyadh this weekend. Will he be the first Foreign Secretary in decades to hold the Saudi regime accountable for its abuses, or will he cozy up to his hosts and say it was all one big misunderstanding?

If he is serious about peace and about the UK holding a positive influence on the world stage then he must stand by his words and use his power to stop the arms sales and hold the UK’s "puppeteer" ally to the same standard as other aggressors. Unfortunately, if history is anything to go by, then we shouldn’t hold our breath.

Andrew Smith is a spokesman for Campaign Against Arms Trade (CAAT). You can follow CAAT at @CAATuk.