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  1. Business
6 December 2012

“It’s exactly the kind of something-for-nothing economics that frankly got us into this mess in the first place”

Business quote of the day.

By Helen Roxburgh

“It’s exactly the kind of something-for-nothing economics that frankly got us into this mess in the first place”

George Osborne tells BBC News today he will reject calls to spend more to boost the British economy, despite threats of a UK downgrade and criticism that his Autumn Statement yesterday will hit the poorest hardest. Osborne was forced yesterday to admit he missed his own target for reducing national debt , and has extended the austerity plans for another three years.

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Select and enter your email address Your weekly guide to the best writing on ideas, politics, books and culture every Saturday. The best way to sign up for The Saturday Read is via saturdayread.substack.com The New Statesman's quick and essential guide to the news and politics of the day. The best way to sign up for Morning Call is via morningcall.substack.com Our Thursday ideas newsletter, delving into philosophy, criticism, and intellectual history. The best way to sign up for The Salvo is via thesalvo.substack.com Stay up to date with NS events, subscription offers & updates. Weekly analysis of the shift to a new economy from the New Statesman's Spotlight on Policy team. The best way to sign up for The Green Transition is via spotlightonpolicy.substack.com
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