British Autumn Statement: Rearranging deck chairs on the Titanic
When Boris Johnson, the pro-Leave Tory foreign secretary, recently promised to “make a titanic success” of Brexit, it is unlikely that he realised at the time just how apt his choice of words was. With the Office of Budgetary Responsibility (OBR), as part of yesterday’s Autumn Statement, predicting slower growth and a £122bn hole in the government’s finances as a result of Britain’s forthcoming departure from the EU, it is clear that the UK economy is heading for an iceberg.