Osborne under pressure to deliver in Autumn Statement


Osborne under pressure to deliver in Autumn Statement

Simon Quicke

With just a few days to go before the Chancellor stands up and delivers the Autumn Statement the pressure is on for him to deliver some indications he will help with confidence and growth.

The Autumn Statement, being announced on Tuesday, is being seen as a chance for the government to address some of the ongoing concerns over the economy and should include some good news for SMEs on the credit front.

George Osborne used his conference speech earlier this summer to indicate that there will be some credit easing measures in next week's Statement.

But with a major strike called for the day after the Statement is made there are already widespread calls for the government to encourage job creation and stimulate consumer spending.

One source said that the commodity lacking most at the moment was confidence and more had to be done to bring it back to businesses and individuals.

"Things just feel as if they are stuck in a rut and we need a boost of confidence to change the status quo," he said.

Manufacturing figures from the CBI yesterday were gloomy and it came on the same day one of the major retailers the Arcadia Group headed by Sir Philip Green announced plans to close 250 stores. 

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